Housing affordability across Canada’s eight biggest cities
The City of Calgary recently released Housing in Canada’s Big Cities, a report comparing Calgary’s housing supply and affordability with seven of Canada’s largest cities: Toronto, Montreal, Ottawa, Edmonton, Mississauga, Winnipeg and Vancouver.
Calgary ranks highest for rates of homeownership and single-family housing, but has the lowest supply of purpose-built rental housing, non-market rental housing (affordable housing) and co-operative housing.
While the needs of most Calgarian households earning $80,000 or more a year are being met (only four per cent of those families are overspending on housing), low-income families still face major challenges.
The report finds that compared to other big cities in Canada, Calgary is the most expensive city to live in for low-income households.