Calgary Crowned North America's Most Affordable Major Housing Market

An aerial view of downtown Calgary. The city ranks has the most affordable housing market of any major metro area in the U.S. or Canada, according to Zoocasa.

Affordable housing might be the one reason Canadians still envy their southern neighbours these days , but it turns out there may be nothing to envy there, either.from real estate site Zoocasa, Calgary is the most affordable major housing market in the U.S. or Canada. The survey looked at the 30 largest metro areas in the U.S., and the five largest in Canada. It compared the median household income against the income you would need to buy a median-priced house.And as it turns out, residents of Calgary have the largest income"surplus" of any of those cities. A household with a median income in Calgary earns US$30,298 more than it needs to in order to afford a median home.

Calgary's house prices don't look particularly low when compared to other mid-sized Canadian cities, but the city has a very high median income, thanks to high-paying jobs mainly related to the oil industry.Meanwhile, in Vancouver, a median household earns US$74,285 less than it would need to afford a median house., this one suggests that the city is only number two on this list, with San Francisco taking the cake.

San Franciscans would need to earn US$140,003 more than they do today to afford a median house. Ouch.More from HuffPost Canada:

Why. They have better paying jobs. In Toronto they pay minimum wages Try buying or renting apartment on min wage.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Justin Trudeau sells housing plan in visit to Metro Vancouver's hot real estate marketHousing a major issue for many, particularly young people trying to get into the real-estate market at a time when prices are soaring in some major cities You still think that Vancouver’s housing market is hot? Your housing plan only includes people with $100k in savings or RRSP's. Housing price for small family with 2 or more bedroom is over $650k the plan only cover mortages to max $480k for household income $120k or less. BC small families have no down payment save, pay chq 2 pay chq Does Trudeau and our government really think we're stupid no matter what I will never be able to afford a house with the stupid way they handle stuff remember political parties are out for their own gain they don't care about you
مصدر: VancouverSun - 🏆 49. / 61 اقرأ أكثر »

Trudeau Touts Housing Plan In Competitive B.C. Real Estate MarketThe PM said the government's new budget will help first-time home buyers. Mind your own business. Foreign buyers and money laundering! Get in it so our kids can own a house one day
مصدر: HuffPostCanada - 🏆 61. / 53 اقرأ أكثر »