Affordability of homes was calculated as share of mortgage payment in average household income, average home price, 25% down payment, 25-year amortization and 39% gross debt service ratio.
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Affordability of homes Canada 2018-2025, by property type
Home affordability has worsened substantially in Canada since 2021. In the first quarter of 2025, the monthly single-family mortgage payment amounted to approximately **** percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted **** percent of a household's income.
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Royal Bank of Canada. (June 26, 2025). Affordability of homes in Canada 2018-2025, by property type [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/587736/affordability-of-homes-by-province-canada/
Royal Bank of Canada. "Affordability of homes in Canada 2018-2025, by property type." Chart. June 26, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/587736/affordability-of-homes-by-province-canada/
Royal Bank of Canada. (2025). Affordability of homes in Canada 2018-2025, by property type. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/587736/affordability-of-homes-by-province-canada/
Royal Bank of Canada. "Affordability of Homes in Canada 2018-2025, by Property Type." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Jun 2025, /statistics/587736/affordability-of-homes-by-province-canada/
Royal Bank of Canada, Affordability of homes in Canada 2018-2025, by property type ÌÇÐÄÆƽâ°æ, /statistics/587736/affordability-of-homes-by-province-canada/ (last visited July 28, 2026)
Affordability of homes in Canada 2018-2025, by property type [Graph], Royal Bank of Canada, June 26, 2025. [Online]. Available: /statistics/587736/affordability-of-homes-by-province-canada/
