Monday, January 22, 2007

Ottawa Housing is the Most Affordable

Ottawa is the most affordable cities in Canada for home buyers.

Ottawa ranks as the 5th most affordable city — behind three prairie cities and Quebec City.

The rankings were based on how many years it would take to purchase a house in each location, looking at median income and the median house prices in each location.

In Ottawa, where the median house price was $201,500 and median household income was $70,300, it would take 2.9 years of annual income to purchase a house.


Blogger dwb said...

I think we're right behind you at #6. London, Ontario.


10:31 AM  
Anonymous Anonymous said...

If you are curious about the source of this data, and relevant data for Canada, check outthe following site:

3:00 AM  

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