Real estate site Zoocasa has rounded up the most and least affordable housing markets for single homebuyers in Canada, based on median incomes for Canadians aged 25-64 and average home prices. There, a single homebuyer would need an income of $38,798 to buy a home at the average price of $284,424. The actual median income there is $58,823, leaving a surplus of over $20,000. In Toronto, the average home price sits at $748,328, and the median income of $55,221 still falls almost $47,000 short. Zoocasa The chart above shows whether median incomes in each city are enough to buy average-priced homes in different Canadian cities.
Source: Huffington Post February 15, 2019 19:41 UTC