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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.
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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
