This statistic shows the affordability of condominiums 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 48.9 percent of average household income in 2017.
Affordability of condominiums in Canada 2017, by market
*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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Royal Bank of Canada. (April 5, 2018). Affordability of condominiums in Canada 2017, by market [Graph]. In Statista. Retrieved February 23, 2020, from https://www.statista.com/statistics/720853/affordability-of-condos-by-market-canada/
Royal Bank of Canada. "Affordability of condominiums in Canada 2017, by market." Chart. April 5, 2018. Statista. Accessed February 23, 2020. https://www.statista.com/statistics/720853/affordability-of-condos-by-market-canada/
Royal Bank of Canada. (2018). Affordability of condominiums in Canada 2017, by market. Statista. Statista Inc.. Accessed: February 23, 2020. https://www.statista.com/statistics/720853/affordability-of-condos-by-market-canada/
Royal Bank of Canada. "Affordability of Condominiums in Canada 2017, by Market." Statista, Statista Inc., 5 Apr 2018, https://www.statista.com/statistics/720853/affordability-of-condos-by-market-canada/
Royal Bank of Canada, Affordability of condominiums in Canada 2017, by market Statista, https://www.statista.com/statistics/720853/affordability-of-condos-by-market-canada/ (last visited February 23, 2020)
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