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How Much It Costs To Buy A House In Every Major Canadian City

Something for every budget.
How Much It Costs To Buy A House In Every Major Canadian City

Buying property is pretty much a part of everyone's long-term life plan.

It usual follows this order: School, Job, Marriage, House, Babies, Death.

And since job comes before house, it's important to know how much money you need to make to actually afford that house.

Luckily we included that info as well.

READ ALSO: Here Is The Most Efficient Way To See The Best & Brightest Fall Foliage In Canada

And perhaps you're not planning on living where you live now. That's why we decided to figure out what the average cost is to purchase a house in every major Canadian city.

But if you're not at that stage just yet, fear not, we also listed the average rental price for 4 types of apartment in each city as well.

So no matter what you can afford, we got you covered.

Calgary

Buying a house:

  • Average Price: $469,325
  • Income required: $107,123

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: $1084
  • 2 bedroom apt: $1209
  • 3 bedroom apt: $1507

Edmonton

Buying a house:

  • Average Price: $384,504
  • Income required: $72,812

Average price to rent:

  • Studio apt: $973
  • 1 bedroom apt: $1069
  • 2 bedroom apt: $1224
  • 3 bedroom apt: $1447

Regina

Buying a house:

  • Average Price: $314,714
  • Income required: $65,881

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: $1025
  • 2 bedroom apt: $1161
  • 3 bedroom apt: Not Available

Saskatoon

Buying a house:

  • Average Price: $346,879
  • Income required: $71,006

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: $1087
  • 2 bedroom apt: $1146
  • 3 bedroom apt: $1405

Ottawa

Buying a house:

  • Average Price: $374,431
  • Income required: $74,216

Average price to rent:

  • Studio apt: $915
  • 1 bedroom apt: $1082
  • 2 bedroom apt: $1257
  • 3 bedroom apt: $1485

Toronto

Buying a house:

  • Average Price: $709,825
  • Income required: $128,746

Average price to rent:

  • Studio apt: $1021
  • 1 bedroom apt: $1220
  • 2 bedroom apt: $1442
  • 3 bedroom apt: $1619

Montreal

Buying a house:

  • Average Price: $349,218
  • Income required: $78,473

Average price to rent:

  • Studio apt: $853
  • 1 bedroom apt: $1072
  • 2 bedroom apt: $1460
  • 3 bedroom apt: $2065

Halifax

Buying a house:

  • Average Price: $292,511
  • Income required: $56,929

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: $971
  • 2 bedroom apt: $1198
  • 3 bedroom apt: Not Available

St. John’s

Buying a house:

  • Average Price: $304,115
  • Income required: $54,717

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: $828
  • 2 bedroom apt: $882
  • 3 bedroom apt: Not Available

Vancouver

Buying a house:

  • Average Price: $1,007,687
  • Income required: $152,206

Average price to rent:

  • Studio apt: Not Available
  • 1 bedroom apt: Not Available
  • 2 bedroom apt: Not Available
  • 3 bedroom apt: Not Available

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