Mortgage affordability for young adult households in Canadian metropolitan areas - alternative text

      Average young adult household income (2010)
  Average Q1 price 2013 Qualifying gross household income Ages 25 to 29 Ages 30 to 34
Canada $366,500 $77,700 $61,953 $76,152
Toronto $556,600 $113,300 $61,875 $83,549
Montreal $294,500 $63,900 $51,828 $64,787
Vancouver $786,300 $147,300 $59,030 $76,794
Ottawa $389,800 $88,400 $65,340 $84,727
Calgary $451,800 $89,500 $79,524 $97,768
Edmonton $330,000 $71,900 $77,575 $90,294
  • Bold: Red
  • Italics: Green

Notes: Housing price based on price of detached bungalow in the first quarter of 2013. Income measures for cities is at the Census Metropolitan Area (CMA) level.

Sources: Royal Bank of Canada housing affordability measure data table in: Carrick, R. (2013 June 17). The alarming declien of housing affordability. Globe and Mail. Retrieved from: http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/housing-affordabilitys-tipping-point/article12617749/; Statistics Canada (2013). 2011 National Household Survey: Data tables. Catalogue no. 99-014-x2011028.