Cost of housing in Canada

[Good2Golf]

At least we / they can soon gawk at a new TV series about Toronto's "obnoxiously luxurious" homes.

"Luxe Listings Toronto" debuts Friday on Prime.

Meh. Could just as easily be Vancouver…

 

[mariomike]

Meh. Could just as easily be Vancouver…

Meh. I am sure you are correct...

RBC put it this way.

February 4, 2022

Toronto area—Now the priciest market in the country​

Which is Canada's most expensive market? The answer just changed

Solid demand and a dearth of supply kept conditions steamy in Canada’s major markets as 2022 rolled in. -RBC Economics

thoughtleadership.rbc.com

 

[Furniture]

At least we / they can soon gawk at a new TV series about Toronto's "obnoxiously luxurious" homes.

"Luxe Listings Toronto" debuts Friday on Prime.

I wonder how well it will do in Canada. I suspect there will be a lot of "hate" watching, and a lot of angry posts about it all over social media.

 

[mariomike]

I suspect there will be a lot of "hate" watching, and a lot of angry posts about it all over social media.

No doubt.

Skimmed it only to see which neighbourhoods were featured.

High rollers buying these outrageously priced masoleums will be contributing property tax to the City.

A percentage of which will go towards our emergency services. So, that's a good thing.

In spite of the high cost of local real estate, the property tax rate remains relatively low. Perhaps buyers take that into consideration?

Toronto 0.666274%

Halifax 1.154%

Saskatoon 1.28932%

Regina 1.556501%

Ottawa 1.169276%

Guelph 1.229079%

Winnipeg 2.6429%

Edmonton 0.94475%

Lethbridge 1.07365%

 

[mariomike]

April 1, 2024

Income needed to purchase a home in Canada.

1. Winnipeg
   • $68,612/year
   • $5,718/month
2. Edmonton
   • $75,397/year
   • $6,283/month
3. Montreal
   • $107,273/year
   • $8,939/month
4. Calgary
   • $107,910/year
   • $8,992/month
5. London
   • $114,318/year
   • $9,562/month
6. Kitchener-Waterloo
   • $139,880/year
   • $11,657/month
7. Ottawa
   • $143,124/year
   • $11,927/month
8. Oshawa
   • $151,768/year
   • $12,647/month
9. Mississauga
   • $213,177/year
   • $17,765/month
10. Brampton
    • $220,966/year
    • $18,414/month
11. Vancouver
    • $236,210/year
    • $19,684/month
12. Toronto
    • $236,588/year
    • $19,716/month