How Much Money You'd Have to Make to Buy in Every Canadian City

The cost of a home varies a great deal across the country. While Vancouver is by far the most expensive, you might be surprised what the average house prices are in the rest of these Canadian cities. Check out the list below to see how much you'd have to earn each year to afford a home in the major Canadian markets.

These numbers assume:

- a 2.99% interest rate
- a down payment of 10% of purchase price
- $100 / month for utilities


Vancouver

cost of home in vancouver Average Price: $819,336

Monthly Mortgage Payment: $3,570

Property Tax: $251

Income Required: $147,023

Toronto

cost of home in vancouver Average Price: $587,505

Monthly Mortgage Payment: $2,560

Property Tax: $354

Income Required: $113,009

Calgary

cost of home in calgary Average Price: $465,047

Monthly Mortgage Payment: $2,026

Property Tax: $236

Income Required: $88,578

Edmonton

cost of home in edmonton Average Price: $365,520

Monthly Mortgage Payment: $1,592

Property Tax: $244

Income Required: $72,617

Ottawa

cost of home in ottawa Average Price: $357,887

Monthly Mortgage Payment: $1,559

Property Tax: $336

Income Required: $74,820.28

Saskatoon

cost of home in saskatoon Average Price: $349,322

Monthly Mortgage Payment: $1,522

Property Tax: $366

Income Required: $74,546

Montreal

cost of home in montreal Average Price: $344,273

Monthly Mortgage Payment: $1,500

Property Tax: $237

Income Required: $68,884

Regina

cost of home in regina Average Price: $331,161

Monthly Mortgage Payment: $1,443

Property Tax: $378

Income Required: $72,028

Winnipeg

cost of home in winnipeg Average Price: $270,605

Monthly Mortgage Payment: $1,179

Property Tax: $274

Income Required: $58,235

Halifax

cost of home in halifax Average Price: $264,447

Monthly Mortgage Payment: $1,152

Property Tax: $266

Income Required: $56,929

Sincerely,

Oakville Burlington Real Estate Agent

Jamie Vieira, Sales Representative
Century 21 Miller Real Estate Brokerage Ltd.
Independently Owned and Operated
905 845 9180
jamie.vieira@century21.ca
www.jamiesells.ca

Oakville Burlington Real Estate Agent Oakville Burlington Real Estate Agent Oakville Burlington Real Estate Agent

Jamie Vieira

Jamie Vieira

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
Contact Me

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