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Affordability of condominiums Canada 2017, by market
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Affordability of condominiums Canada 2017, by market
Affordability of condominiums in Canada 2017, by market
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
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Description
Source
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- 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.
Source
- Show sources information
- Show publisher information
- Release date
- April 2018
More information
- 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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Canadian Housing Market
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