City vs City Affordability Compare
Compare two Canadian cities on housing affordability using benchmark price ÷ household income.
Benchmark prices are CREA HPI-style estimates and shift with market conditions. The price-to-income ratio (Demographia methodology) classifies anything above 5.1× as severely unaffordable.
Calgary, AB is cheaper
$490,000
Lower benchmark 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, with Vancouver and Toronto consistently above 10× at peak.
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