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

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