The Canada Brief

Economy · 12 d ago

Suburban housing in Newcastle, Ontario

Dillan Payne · CC BY-SA 4.0 · Wikimedia Commons

Home affordability improves in 12 of 13 major Canadian markets

Income needed in Vancouver

221,750 $ a year

Vancouver is the least affordable market: buyers need $221,750 a year to afford an average home of $1,075,900, according to Ratehub.

Most affordable markets

  1. 1 Regina: $81,000 a year
  2. 2 Fredericton: $84,940 a year
  3. 3 Winnipeg: $90,270 a year

Regina is the most affordable market, ahead of Fredericton and Winnipeg.

Halifax improved most, with the required income down $4,160 to $119,040, as falling prices drove the gains while fixed mortgage rates inched higher.