The cost of buying homes across Canada

Canada's Most Expensive And Cheapest Places To Buy A Home In 1 Infographic

The Huffington Post Canada | By Jesse Ferreras

We've heard the complaints: it's tough to buy a home in Canada. But just how difficult is it? Depends entirely on where you live.

Toronto-based website Rentseeker in February generated an infographic that showed how much it cost to rent a place across Canada.

Now, the website that specializes in services for the apartment industry has produced another one, showing how much annual income you would need to pull in different cities to afford an average-priced home.

Only the rich need apply in West Vancouver, B.C.: the average price for a home there is $1,757,700, requiring an income of $320,932, more than anywhere else in Canada.

Next on the list is Vancouver, where buying an average home for $810,600 requires a household income of $152,145.

At the cheaper end of the spectrum, buying an average-priced home in Trois-Rivieres, Que. ($160,064) only requires income of $39,379.

Rentseeker's graphic comes about a month after RBC released research showing that high home prices in Ontario and parts of B.C. are dragging down affordability Canada-wide.

So if you're worried about not being able to buy a home in the Great White North's major cities, at least now you know where you can.

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