Households that can afford typical monthly owner payments

This map estimates the proportion of households in each area that can afford typical owner payments in that area. Compare this to the related map of how many can afford to pay the median rent and how many can afford to purchase the median dwelling. We compute the income required to afford typical monthly owner payments by taking the median monthly shelter costs for owner households, which includes property taxes and utilities as well as mortgage payments, and stipulate that this will be 30% of the required income. To estimate the proportion of households that can afford these payments we utilize the brackets of pre-tax household incomes and assume that the distribution is linear in each bracket and that for the top bracket of income above $150,000 half of the households always qualify and the other half has incomes linearly distributed between $150,000 and some estimated "halfway" mark in the top income bracket. As always, our maps are Canada wide. Pan, zoom and use the search bar to explore different parts. Zooming into the sub-neighbourhood level leads to data-quality issues due to statistical rounding, and we grey out areas where we deem the data to be unreliable. For added information we show the relationship between the proportion of owner households and the proportion of the households able to make typical monthly owner payments in each area. As one would expect, these correlate quite strongly in Calgary, Montreal and Toronto, but the correlation is much weaker in the Vancouver area.

Author: CensusMapper Team

Dataset: CA11F, CA11N