Housing Affordability (2015)
City
Median Household Income ($)1
 
Single Family
Dwelling2
Ratio
(Household Income to Purchase Price)
 Apartment2
Ratio 
(Household Income to Purchase Price)
Edmonton $101,870 $386,100 3.8 $213,900 2.1
Calgary $104,410 $489,900 4.7 $281,800 2.7
Montreal
(Greater)
$76,950 $317,700 4.1 $254,700 3.3
Toronto
(Greater)
$78,280 $677,100 8.6 $334,500 4.3
Vancouver
(Greater)
$79,930 $1,255,500 15.7 $440,000 5.5
Sources:
1. Stats Canada
2. The Canadian Real Estate Association

 

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