City Park Real Estate

    What you need to earn to buy a house in every major Canadian city

    Written by Workopolis Posted on September 14, 2016

    Winnipeg

    • Average price: $282,684
    • Monthly mortgage payment: $1,166
    • Monthly property tax: $286
    • Income required: $58,191
    • Median family income: $79,850

    Vancouver

    • Average price: $1,007,687
    • Monthly mortgage payment: $3,693
    • Monthly property tax: $265
    • Income required: $152,206
    • Median family income: $76,040

    Calgary

    • Average price: $469,325
    • Monthly mortgage payment: $1,935
    • Monthly property tax: $241
    • Income required: $107,123
    • Median family income: $85,366

    Toronto

    • Average price: $709,825
    • Monthly mortgage payment: $2,927
    • Monthly property tax: $406
    • Income required: $128,746
    • Median family income: $75,270

    Montreal

    • Average price: $349,218
    • Monthly mortgage payment: $1,440
    • Monthly property tax: $240
    • One-time “welcome tax”: $3750
    • Income required: $78,473
    • Median family income: $75,010

    Edmonton

    • Average price: $384,504
    • Monthly mortgage payment: $1,586
    • Monthly property tax: $256
    • Income required: $72,812
    • Median family income: $101,470

    Regina

    • Average price: $314,714
    • Monthly mortgage payment: $1,298
    • Monthly property tax: $359
    • Income required: $65,881
    • Median family income: $96,080

    Saskatoon

    • Average price: $346,879
    • Monthly mortgage payment: $1,430
    • Monthly property tax: $363
    • Income required: $71,006
    • Median family income: $93,400

     

    Ottawa

    • Average price: $374,431
    • Monthly mortgage payment: $1,544
    • Monthly property tax: $335
    • Income required: $74,216
    • Median family income: $102,020

    Halifax

    • Average price: $292,511
    • Monthly mortgage payment: $1,206
    • Monthly property tax: $294
    • Income required: $56,929
    • Median family income: $60,010