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Affordability of condominiums Canada 2020, by market

Published by Statista Research Department, Dec 7, 2020
This statistic shows the affordability of condominiums in Canada in the second quarter of 2020, by market. The affordability was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 42.4 percent of average household income in 2020.

Affordability of condominiums in Canada 2nd quarter 2020, by market

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Release date

September 2020

Region

Canada

Survey time period

2nd quarter 2020

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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