Income needed to afford to buy a home in Canada 2023, by city

Income needed to afford to buy a home in Canada in 2023, by city

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Release date

January 2024

Region

Canada

Survey time period

December 2023

Supplementary notes

Based on home prices from the CREA MLS home price index, a mortgage with 20 percent down payment, 25-year amortization, 4,000 Canadian dollars annual property taxes, 150 Canadian dollars monthly heating, and the average 5-year fixed rate mortgage rate of Big Five Banks.

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