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What are Canada’s most affordable real estate markets?

Here’s a really fabulous article from Mortgage Broker News on what our most affordable cities are:

Earlier this week, Mortgage Broker News examined recent data from Point2 Homes that says affordability has worsened in 38 major cities nationwide in 2020. But the data also contained a rather sizeable sliver of good news: homes remain affordable in a number of Canadian real estate markets.

While “affordable housing” has been defined by the Canada Mortgage and Housing Corporation as when households spend less than 30% of their gross income on housing, Point2 found 10 Canadian markets where mortgages take up less than 15% of a household’s average income.

For the Top 10 List of Cities, and full article CLICK HERE.

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