How Much Income is Needed to Afford a House in Canada?
CTVNews released an interesting article comparing income requirements to afford homes in all the major Canada cities. While values were down in 9 of the 10 cities analyzed, the affordability has got worse due to rates. Some notable cities' minimum income required for the average house:
Vancouver - $221,580.00
Victoria - $168,750.00
Calgary - $110,430.00
Edmonton - $81,950.00
Winnipeg - $75,650.00
Toronto - $217,000.00
Ottawa - $127,350.00
Hamilton - $165,940.00
Montreal - $107,310.00
Halifax - $104,660.00
