Canada ranks best on housing affordability survey

No mention of Calgary yet all we hear out here is how "expensive it is" better call my realtor and tell him to jack up the price of my other house lol lol!

Calgary and Toronto are tied at 4.8, just .3 off of their definition of "severely unaffordable." Edmonton fares only slightly better at 4.3. So much for the "Alberta Advantage."

Calgary and Toronto are tied at 4.8, just .3 off of their definition of "severely unaffordable." Edmonton fares only slightly better at 4.3. So much for the "Alberta Advantage."

I have read more than one article in the last few years on how the rising house prices in Alberta are only a market correction. Based on the strength of our economy when you compare it to house prices in other major Canadian cities such as Vancouver where until recently had a much weaker economy but still had highly unafordable housing .

You're just mad because you're 10 years to late and only got a townhouse.



Be patient your time will come.

I thought the economy in Ontario was tanking...funny the house prices never seem to drop so much for the TO advantage..

The most affordable market on the survey was Thunder Bay, which had a median multiple of 1.8.

Thunder Bay.. Brrrr


But look at the rest of the list.. most of it is in the Rust Belt or the

middle of nowhere (like TB ) .. prices are low cause there are no jobs..

wouldnt use as a moving guide, but interesting nonetheless

No that was all taken into account in the survey. All the stats were relative to the median income vs. the median cost of housing.

Obviously their Canada dosen't include Vancouver which has the highest house prices th the country.

its number 15 on the least affordable list

Vancouver was in there.........the link is broken now though.

http://www.demographia.com/dhi.pdf

am i allowed to post this ??