These are the Canadian cities where homes are most affordable

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Canadians earning average incomes may struggle to afford homes in the country’s urban centres, but new research is highlighting real estate markets where homes are within reach.

and found that people earning the median income for their city could not afford a home at the average price tag in 10 of those markets.WHERE ARE HOMES MOST AFFORDABLE?At $79,000, the median income was lower in the Atlantic Canadian city compared with the other listed markets, but the average price of a home in Saint John was listed as $291,000 – far below the maximum home price threshold of $365,165 for median income earners.Regina also stood out in terms of affordability.

Winnipeg, Saskatoon, Edmonton, Quebec City and the province of Prince Edward Island also had average home prices within the affordability range for a median income earner.WHERE ARE HOMES LEAST AFFORDABLE? People in cities with the highest median incomes would also find it difficult to buy a home, the research showed.

 

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