Real Estate: The Affordability of Canada’s 35 Largest Cities

Posted by Canadian Housing Price Charts

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10th Annual Demographia Ranking of Canada’s 6 Biggest Metros
 

Thanks to Hugh Pavletich and Wendell Cox co-authors of the Demographia International Housing Affordability Survey. This table shows that Vancouver BC continues to rank as the least affordable city out of the 35 largest Canadian cities with a multiple of 10.3 times median household income required to buy a median priced house. As of Q3 2013 the 6 cities ranked from least to more affordable are: Vancouver 10.3, Toronto 6.2, Montreal 4.7, Calgary 4.3, Edmonton 3.9 and Ottawa 3.8 

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All 35 Demographia ranked cities in Canada are tabled on the chart below. You can access the same chart and all of the commentary relating to this affordability study by clicking on the chart below or HERE 

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