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.
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.
posted by PondPine.com at 11:56 PM
2 Comments:
I think we're right behind you at #6. London, Ontario.
DWB
http://londonontariorealestatediagnosis.blogspot.com/
If you are curious about the source of this data, and relevant data for Canada, check outthe following site:
www.demographia.com
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