Real estate brokerage Zoocasa identified five major Canadian cities where single people can make a go of homeownership. Read on
In an attempt to ferret out opportunities for solo buyers on a tighter budget, real estate brokerage Zoocasa crunched the numbers for 18 markets using average prices and median income data from Statistics Canada to identify five major Canadian cities where a singleton can make a go of homeownership.
The next most affordable city is Saint John, N.B. The average home price is $261,300 and the income required is $40,613, but the actual median income is $48,000, leaving surplus income of $7,387. Fourth is St. John’s, Nfld., where the average home price is $316,800, the income required is $49,275 and the actual median income is $50,400, for a surplus of $1,125.
Vancouver and Toronto — Canada’s hot housing capitals — remain out of reach for the average single homebuyer.Article content
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