Posthaste: Single Canadians, don't despair — here are 5 cities where you can afford your own home

In an attempt to ferret out opportunities for solo buyers on a tighter budget, real estate brokerage Zoocasa crunched the numbers for 18 markets using average prices and median income data from Statistics Canada to identify five major Canadian cities where a singleton can make a go of homeownership.

The next most affordable city is Saint John, N.B. The average home price is $261,300 and the income required is $40,613, but the actual median income is $48,000, leaving surplus income of $7,387. Fourth is St. John’s, Nfld., where the average home price is $316,800, the income required is $49,275 and the actual median income is $50,400, for a surplus of $1,125.

Vancouver and Toronto — Canada’s hot housing capitals — remain out of reach for the average single homebuyer.Article content

Source: Real Estate Daily Report (realestatedailyreport.net)

Seems pretty simple to not live in cities.

Um… sure if there is a job there &you can afford the cafreeland JustinTrudeau bankofcanada debacle interest rate. liberal_party TrudeauMustGoNow fireWEFFINGfreeland

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