Comfortable owners

This map colours each region by the ratio of median dwelling value to running annual shelter costs for owner households. It can be interpreted as the number of years of running shelter costs payments of the typical owner household needed to afford the typical home in the each region. Overall in Canada it takes 32 years of typical owner shelter cost payments to afford the typical home, but in BC and Ontario this rises to 50 and 41 years, respectively. Within BC at the census division level this metric is highest along the Sunshine Coast. Metro Vancouver has an overall ratio of 54, within the metro area West Vancouver and the City of Vancouver stand out at 116 and 83 years, respectively. Contrasting this to Toronto with a ratio of 43 Montréal with a ratio of 26 Halifax, where the overall ratio stands at 23 or Calgary with a ratio of 22. The larger the ratio, the larger the disconnect between what current owner's shelter costs are and costs that would be required for new owners with a moderate down payment. Compare this to the map of running shelter costs to income ratios for owners and renters, as well as the map of owner vs renter shelter costs.

Author: CensusMapper Team

Dataset: CA21