4 datasets found
  1. Income needed to afford to buy a home in Canada 2023, by city

    • statista.com
    Updated Jan 29, 2024
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    Statista (2024). Income needed to afford to buy a home in Canada 2023, by city [Dataset]. https://www.statista.com/statistics/1287002/income-needed-to-buy-a-home-canada/
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    Dataset updated
    Jan 29, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Dec 2023
    Area covered
    Canada
    Description

    Prospective homebuyers in Vancouver, British Columbia, and Toronto, Ontario, needed an annual income of over 200,000 Canadian dollars in 2023 to qualify for the average priced home. In Vancouver, this figure was approximately 237,000 Canadian dollars. British Columbia and Ontario, are Canada's most expensive provinces for housing. According to a January 2023 forecast by the Canadian Real Estate Association (CREA), the housing market is expected to cool down in the next two years, which is likely to improve home affordability.

  2. Average monthly mortgage payment in Canada 2024, by metropolitan area

    • statista.com
    Updated May 13, 2025
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    Statista (2025). Average monthly mortgage payment in Canada 2024, by metropolitan area [Dataset]. https://www.statista.com/statistics/1202932/value-of-monthly-mortgage-payment-canada-by-metropolitan-area/
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    Dataset updated
    May 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Canada
    Description

    The average mortgage payment in the large and mid-sized cities in Canada ranged between 1,300 Canadian dollars and 2,600 Canadian dollars. In the fourth quarter of the year, Vancouver topped the ranking, with homebuyers paying, on average, ***** Canadian dollars monthly. In Toronto, the average monthly scheduled mortgage payment was ***** Canadian dollars. Canada’s housing market House prices in Canada vary widely across the country. In 2023, the average sales price of detached single-family homes in Vancouver was nearly three times as expensive as the national average. Vancouver is undoubtedly considered the least affordable housing market: In 2023, the cost of buying a home with a **-year mortgage in Canada was approximately ** percent of the median household income, whereas in Vancouver, it was nearly *** percent. Development of house prices The development of house prices depends on multiple factors, such as availability on the market and demand. Since 2005, house prices in Canada have been continuously growing. According to the MSL composite house price index, 2021 measured the highest house price increase.

  3. Average resale house prices Canada 2011-2024, with a forecast until 2026, by...

    • statista.com
    • ai-chatbox.pro
    Updated Jun 20, 2025
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    Statista (2025). Average resale house prices Canada 2011-2024, with a forecast until 2026, by province [Dataset]. https://www.statista.com/statistics/587661/average-house-prices-canada-by-province/
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    Dataset updated
    Jun 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Canada
    Description

    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.

  4. Real estate agents, brokers and appraisers, summary statistics

    • www150.statcan.gc.ca
    • data.urbandatacentre.ca
    • +3more
    Updated Jan 28, 2025
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    Government of Canada, Statistics Canada (2025). Real estate agents, brokers and appraisers, summary statistics [Dataset]. http://doi.org/10.25318/2110017501-eng
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    Dataset updated
    Jan 28, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of real estate agents, brokers and appraisers (NAICS 53121) & offices of real estate appraisers (NAICS 53132), annual, for five years of data.

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Statista (2024). Income needed to afford to buy a home in Canada 2023, by city [Dataset]. https://www.statista.com/statistics/1287002/income-needed-to-buy-a-home-canada/
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Income needed to afford to buy a home in Canada 2023, by city

Explore at:
Dataset updated
Jan 29, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Dec 2023
Area covered
Canada
Description

Prospective homebuyers in Vancouver, British Columbia, and Toronto, Ontario, needed an annual income of over 200,000 Canadian dollars in 2023 to qualify for the average priced home. In Vancouver, this figure was approximately 237,000 Canadian dollars. British Columbia and Ontario, are Canada's most expensive provinces for housing. According to a January 2023 forecast by the Canadian Real Estate Association (CREA), the housing market is expected to cool down in the next two years, which is likely to improve home affordability.

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