Affordability of single-family detached homes Canada 2017, by market

This statistic shows the affordability of single-family detached homes in Canada in 2017, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 116.5 percent of average household income in 2017.

Affordability of single-family detached homes in Canada 2017, by market

Home affordability rate*
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Source

Release date

April 2018

Region

Canada

Survey time period

2017

Supplementary notes

*The affordability measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate, and are estimated on a quarterly basis for 14 major urban markets in Canada and a national composite. The measures use household income rather than family income to account for the growing number of unattached individuals in the housing market.

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Statistics on "Residential housing in Canada"

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