According Canada Mortgage and Housing Corporation (CMHC), “affordable housing” has been defined as when households spend less than 30% of their gross income on housing.

Research found 10 Canadian markets where mortgages take up less than 15% of a household’s average income. Here they are:

10.  Trois-Rivieres, QC

Share of mortgage in average income (2020): 14.5%

9. Regina, SK

Share of mortgage in average income (2020): 13.3%

8. Winnipeg, MB

Share of mortgage in average income (2020): 12.9%

7. Sherbrooke, QC

Share of mortgage in average income (2020): 12.7%

6. Saguenay, QC

Share of mortgage in average income (2020): 12.4%

5. Oshawa, ON

Share of mortgage in average income (2020): 12.1%

4. Quebec, QC

Share of mortgage in average income (2020): 12%

3. London, ON

Share of mortgage in average income (2020): 11.4%

2. Windsor, ON

Share of mortgage in average income (2020): 11.4%

1. Halifax, NS

Share of mortgage in average income (2020): 10.8%