🇨🇦 Canada
Can you afford a house in Canada?
Unaffordable — by Demographia's classification
The country median home in Canada costs CA$720,000 and the median household earns CA$79,720 — a price-to-income ratio of 9.0×. Ranked 26 of 46 for housing cost relative to income.
Median home price
CA$720,000
Canada average
Median household income
CA$79,720
after tax
Avg mortgage rate
5.04%
min down 5%
How Canada's housing affordability evolved
Price-to-income peaked at 9.2× in 2022. Today: 9.0×. If you had today's income in 1990, you could have afforded 44%of today's purchasing power for the country median home. The OECD average over the same period went from 4.3× in 1990 to 7.6× today.
How affordable is Canada for you?
Enter your income and savings to see your personal max-affordable price, years to a down payment, and how that compares to Canada's median.
Tell us about your finances
Annual numbers. We use country-typical interest rates and minimum down payments unless you change them.
Anchor: Canada average median 720,000 CAD · mortgage rate 5.04% · min down 5%