Canadian Housing Affordability Index 2025

Access the most comprehensive dataset on Canadian housing affordability.

Housing Units
1
Cities Under 4× Multiple
Market Trend
2
Cities Improving
Price Range
Lowest$315k
Average$597k
Highest$1.2M
Affordability
6.7×
National Avg Multiple

Explore Core Metrics

Historical Price Trends

Track how Canadian home prices have evolved over the last 10 years. Compare provincial growth rates and market cycles.

Price-to-Income Ratio

A deep dive into the 'Home Price Multiple'. See where housing costs are most detached from local earnings.

Market Activity Trends

Analyze year-over-year price movements and demand shifts across 35+ major Canadian metro areas.

Rental Market Analysis

Explore the growing disconnect between rents and incomes. Compare the cost of renting vs. owning in each city.

Monthly Mortgage Costs

See the real carrying cost. We calculate estimated monthly payments based on current rates and local taxes.

Income vs. Price Growth

Compare the trajectory of household incomes against real estate appreciation to see the affordability gap.

Comprehensive City Data

A high-level overview of housing metrics for 23 Canadian metros.

Data Updated: January 2026
Metro AreaAvg PriceMultipleTrend
Vancouver$1,185,00012.9×worsening
Victoria$910,00010.7×stable
Kelowna$795,0009.9×stable
Toronto$1,085,00010.6×worsening
Ottawa$675,0006.9×stable
Hamilton$795,0008.6×worsening
Kitchener-Waterloo$735,0007.7×improving
London$615,0007.5×improving
Montreal$585,0007.3×stable
Quebec City$415,0005.5×worsening