🇨🇦 Canada
Can you afford a house in Canada?
Unaffordable — by Demographia's classification
The country median home in Canada costs 720.000 CA$ and the median household earns 79.720 CA$ — a price-to-income ratio of 9.0×. Ranked 26 of 46 for housing cost relative to income.
Median home price
720.000 CA$
Canada average
Median household income
79.720 CA$
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.
Raccontaci delle tue finanze
Cifre annuali. Usiamo i tassi di interesse e gli anticipi minimi tipici del paese a meno che tu non li modifichi.
Anchor: Canada average median 720,000 CAD · mortgage rate 5.04% · min down 5%