Income required to purchase a home in select Canadian cities

Data is based on average home prices in each location, a mortgage with 20% down payment, 25-year amortization, $4,000 annual property taxes and $150 monthly heating.

(Please use a modern browser to see the interactive version of this visualization)

Mortgage rates used are the average of the five major Canadian banks' 5-year fixed rates. Stress test rates are 2% higher than respective mortgage rates.

June mortgage rate: 5.47%. July mortgage rate: 5.29%.

Chart: CTVNews.caSource: Ratehub.caGet the dataCreated with Datawrapper