The affordability of single-family detached homes in Canada in the second quarter of 2021, by market, was calculated as a share of mortgage payment in average household income. The mortgage payments in Vancouver constituted 85.4 percent of average household income in the second quarter of 2021, making it the most expensive area in Canada to own a single-family home. The average mortgage payment in Canada constituted 49.7 percent of the average household income.
Affordability of single-family detached homes in Canada 2nd quarter 2021, by market
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Royal Bank of Canada. (October 6, 2021). Affordability of single-family detached homes in Canada 2nd quarter 2021, by market [Graph]. In Statista. Retrieved May 10, 2024, from https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/
Royal Bank of Canada. "Affordability of single-family detached homes in Canada 2nd quarter 2021, by market." Chart. October 6, 2021. Statista. Accessed May 10, 2024. https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/
Royal Bank of Canada. (2021). Affordability of single-family detached homes in Canada 2nd quarter 2021, by market. Statista. Statista Inc.. Accessed: May 10, 2024. https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/
Royal Bank of Canada. "Affordability of Single-family Detached Homes in Canada 2nd Quarter 2021, by Market." Statista, Statista Inc., 6 Oct 2021, https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/
Royal Bank of Canada, Affordability of single-family detached homes in Canada 2nd quarter 2021, by market Statista, https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/ (last visited May 10, 2024)
Affordability of single-family detached homes in Canada 2nd quarter 2021, by market [Graph], Royal Bank of Canada, October 6, 2021. [Online]. Available: https://www.statista.com/statistics/720848/affordability-of-single-family-detached-homes-by-market-canada/