The housing affordability in Canada was the lowest in Vancouver and the higher in Edmonton in the first quarter of 2025. In the first quarter of the year, the ratio of homeownership costs to income in Canada was **** percent. In Vancouver, the ratio amounted to **** percent, while in Edmonton, it was ** percent.

Home affordability has worsened substantially in Canada since 2021. In the first quarter of 2025, the monthly single-family mortgage payment amounted to approximately 61.7 percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted 46.5 percent of a household's income.

This dataset was created as part of a Data Analytics capstone project analyzing housing affordability in Winnipeg, Manitoba compared to national Canadian averages over 13 years (2010-2023).

Is Winnipeg still one of Canada's most affordable cities to live in, and how has affordability changed over time?

What's Included: - Seasonally Adjusted (M).xlsx — CREA MLS Home Price Index monthly data containing Winnipeg and Canada national benchmark home prices from 2005 to 2026 - 11100239.csv — Statistics Canada income data containing average individual income by province from 1976 to 2023 - winnipeg_housing_affordability.csv — Final cleaned and merged dataset ready for analysis containing: - Year (2010-2023) - Region (Winnipeg / Canada) - Avg_House_Price (CAD) - Avg_Income (CAD) - Affordability_Ratio (years of income to buy a home) - House_Price_Change (year-over-year % change)

Key Findings - Winnipeg home prices grew from ~$200,000 in 2010 to ~$320,000 in 2023 (60% increase) vs Canada's growth from ~$320,000 to ~$720,000 (125% increase) - COVID-19 (2020-2022) caused the sharpest price surge on record in both markets - In 2023 it takes ~6 years of average income to buy a home in Winnipeg vs ~12 years nationally - Winnipeg remains twice as affordable as the Canadian average

Data Sources - CREA MLS Home Price Index: https://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/ - Statistics Canada Table 11-10-0239-01: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110023901

Tools Used: Python, Pandas, Matplotlib, Seaborn, Tableau

Tableau Interactive Dashboard available here: https://public.tableau.com/app/profile/danylo.denysevych/viz/WinnipegvsCanadaHousingPricesandIncomeChange2010-2023/HousepricingandIncomechangeinWinnipegvsCanada2010-2023

The data and programs replicate tables and figures from "Viewpoint: Housing Supply and Housing Affordability in Canada", by Baum-Snow, ab Iorwerth, and Macek. Please see the ReadMe file for additional details.

Housing Index in Canada increased to 121.90 points in February from 121.50 points in January of 2026. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This table contains 516 series, with data for years 1996 - 1996 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (173 items: Canada; Newfoundland and Labrador; Health and Community Services St. John's Region, Newfoundland and Labrador; Health and Community Services Eastern Region, Newfoundland and Labrador; ...); Occupancy status (3 items: Total, households; Renters; Owners).

Dataset

This dataset was created by MKDoraemon

Contents

Core housing need, by tenure including first-time homebuyer and social and affordable housing status, Canada, provinces, populations centres, select census metropolitan areas (CMAs) and census agglomerations (CAs).

There is no international consensus on how to define or measure housing affordability, and no single measure fully captures the range of concerns around the ability of households to secure decent housing in an appropriate location for an acceptable price. Relatively straightforward measures that are based on data that are readily available in most countries, such as house-price-to-income and housing-expenditure-to-income ratio measures, provide an association of housing prices (or spending) relative to income levels. More data-intensive indicators, such as residual income measures, focus on the income households have left after paying for housing. These can be complemented by housing quality measures, which assess what households are paying for, as well as subjective indicators of housing affordability that can help better understand the determinants of housing satisfaction (Ezennia and Hoskara, 2019). Each approach has its merits and limitations, which are presented in this indicator, and summarised in Table HC.1.5.1.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q4 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

Mississauga, ON and Kelowna, BC (July 20, 2021) — In a new report exploring housing affordability in Canada in 2021, RE/MAX found that one in three (33%) Canadian homebuyers is exploring alternative options to help them get a foot into the housing market. These include renting out a portion of a primary residence (21%), pooling finances with friends or family to purchase a home (13%) and living with like-minded neighbours in a co-op/shared living arrangement (7%). According to a Leger survey commissioned by RE/MAX, 42% of Canadians said the high price of real estate was a barrier to entry into the market. This is up just 4% over last year – surprising, given the consistent price growth experienced by housing markets from coast to coast over the past year. Among prospective homebuyers, millennials and Gen Z are most likely to consider alternative regions and communities, and/or financing options to keep affordability in play.

Portugal, Canada, and the Netherlands were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 114.8 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022. Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent. According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

The house price to income ratio in Canada peaked in the second quarter of 2022, followed by a decline until the second quarter of 2025. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Canada's index score in the second quarter of 2025 amounted to *****, which means that house price growth has outpaced income growth by almost **** percent since 2015. Canadian home prices continue to grow House prices in Canada have steadily increased over the past decade, despite a very mild decline in 2023. This trend is forecast to continue until 2026, albeit at a lower rate than in the period between 2019 and 2022. In British Columbia, which has consistently been the most expensive province for housing, the average house price is expected to reach nearly *** million Canadian dollars in 2026. The rising homeownership costs have also affected rents. In 2024, the average two-bedroom apartment rent in Vancouver exceeded ***** Canadian dollars. Canadian incomes on the rise Incomes in Canada have steadily risen since 2000 and show no signs of slowing down in the near future. This should improve housing affordability, as long as home price growth slows down.

Households living with housing problems, by select housing-vulnerable populations and affordability, suitability, adequacy and core housing need indicators, Canada. Vulnerable population refers to households belonging, or perceived as belonging, to groups that are in a disadvantaged position or marginalized.

The CHS is a new survey sponsored by Canada Mortgage and Housing Corporation (CMHC) that will run biennially until 2028 in every province and territory. The survey will collect new information on dwelling and neighbourhood satisfaction, first-time homebuyers and housing affordability, as well as many other important dwelling and household characteristics. The CHS also fills a significant data gap on Social and Affordable Housing (SAH) that was identified in the 2016 "Let's Talk Housing" national consultations held by CMHC. Data from the survey will help better measure whether Canadians have housing that meets their needs and that they can afford. The data will also provide more information to make program and policy development decisions related to housing.

This table is part of a series of tables that present a portrait of Canada based on the various census topics. The tables range in complexity and levels of geography. Content varies from a simple overview of the country to complex cross-tabulations; the tables may also cover several censuses.

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

This statistic shows the house price to income ratio in Canada from 2013 to 2015 with forecasts for 2016 and 2017, by province. The house prices in British Columbia were *** times the average household income in 2015, but were set to increase to *** times average household income in 2016, then return to *** by 2017. For more recent data on housing affordability in the major Canadian markets click here.

A continuously updated data hub for Canadian housing and real estate statistics, including prices, sales, listings, inventory, affordability, rents, and forecast indicators sourced from CREA and CMHC.