City vs City Affordability Compare
Compare two Canadian cities on housing affordability: the average home price in each city's latest monthly market report, divided by your household income.
Prices are the average sold price of all home types in each city's latest report from its local real estate board (monthly; quarterly for Gatineau). Demographia's price-to-income ratio uses the median price, which is usually lower than the average, so these ratios lean slightly high.
Calgary, AB is cheaper
$388,122
Lower average price than the other city
A 3× ratio is the historical benchmark for "affordable". Most of Canada's major cities have been above 5× for over a decade. See the full reports for Toronto, ON and Calgary, AB.
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The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.