Data from Point2Homes reveals that renters in 36 of Canada's 50 largest cities earn 60 per cent less than the minimum required income needed to buy a starter home.
FTA: The unaffordable cities:
1- Richmond Hill, ON
2- Oakville, ON
3- Markham, ON
4- Vaughan, ON
5- Richmond, BC
6- Vancouver, BC
7- Toronto, ON
8- Milton, ON
9- Whitby, ON
10- Coquitlam, BC
11- Burlington, ON
12- Brampton, ON
13- Mississauga, ON
14- Burnaby, BC
15- Ajax, ON
16- Surrey, BC
17- Langley, BC
18- Oshawa, ON
19- Saanich, BC
20- Kelowna, BC
21- Abbotsford, BC
22- Guelph, ON
23- Hamilton, ON
24- Waterloo, ON
25- Cambridge, ON
26- Barrie, ON
27- Kitchener, ON
28- Ottawa, ON
29- London, ON
30- St. Catharines, ON
31- Montreal, QC
32- Windsor, ON
33- Kingston, ON
34- Halifax, NS
35- Greater Sudbury, ON
36- Longueuil, QC
And the affordable cities:
1- Edmonton, AB
2- St. John’s, NL
3- Regina, SK
4- Saguenay, QC
5- Trois-Rivières, QC
6- Quebec City, QC
7- Lévis, QC
8- Winnipeg, MB
9- Saskatoon, SK
10- Gatineau, QC
11- Calgary, AB
12- Sherbrook, QC
13- Terrebonne, QC
14- Laval, QC
I bought in Winnipeg when it became time to settle down after moving around a bunch early career. I joke to my friends elsewhere in Canada “I bought a garage and it came with a free house.”
Admittedly, it’s a very nice garage. Insulated, heated, separate breaker box… the previous owners even ran coax to it underground from the house and were using it as a man-cave with a TV, surround sound, and an old couch. Depending on the audience, I describe it more as a workshop than a garage. The perfect place to start a small business. :)
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I bought in Winnipeg when it became time to settle down after moving around a bunch early career. I joke to my friends elsewhere in Canada “I bought a garage and it came with a free house.”
Having lived in Winnipeg, the garage may be nicer than the house…
Admittedly, it’s a very nice garage. Insulated, heated, separate breaker box… the previous owners even ran coax to it underground from the house and were using it as a man-cave with a TV, surround sound, and an old couch. Depending on the audience, I describe it more as a workshop than a garage. The perfect place to start a small business. :)
Sounds awesome! I just like to rag on Winnipeg because my wife is from there.
It has its charm, for sure.