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National Home Affordability Study

Posted in Appraisal, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

National Home Affordability Study

The number of bedrooms is without a doubt one of the most important criteria when searching for a home. So, exactly how much house can one get across Canada?

Our researchers took the national average home price (~$500K) as a reference point and analyzed the country’s 50 largest cities to determine the number of bedrooms it can buy in each.

VIEW RESULTS

Here are some key takeaways you might want to explore:
At the nationwide level, the Canadian average home price ($495,100) buys 3.3 bedrooms;
However, in almost half of the country’s 50 largest cities, this price tag secures less than 3 bedrooms;
Moreover, the 6 priciest real estate markets in Canada don’t even guarantee 2 bedrooms for that amount of money;
As expected, Vancouver tops the charts as the place with the least available space, offering only 1 bedroom for ~$500K;
Windsor, on the other hand, showcases a plentiful 4.3 bedrooms for the same price.