Housing prices across Canada seem like they’re constantly on the rise, and many Canadians who dream of owning their own home, or even upgrading or downgrading, are feeling the pinch. And it hurts. Property may be one of the best investments a person can make, but geography definitely dictates that.

The price of making that investment varies extensively across the country. RentSeeker.ca and Blue Chip Mortgage looked at what it actually costs, and what your income needs to be to purchase a home in many cities across Canada. Depending on where you live, moving might not be in the cards anytime soon.

VANCOUVER



Average home price: $810,600

Needed income: $152,145

It’s still better than West Vancouver where it’ll cost you your firstborn the average home price is $1,757,700 and the income required to live there is upwards of $320K. Soooo, basically professional athletes and CEOs.

VICTORIA



Average home price: $490,377

Needed income: $99,641

It’s a small price to pay if you can handle being a couple hours away from the mainland. For all this beauty? Yeah, probably.

CALGARY



Average home price: $443,744

Needed income: $87,761

It may have high wages and low taxes, but it snows in the summer. Just…no.

EDMONTON



Average home price: $359,392

Needed income: $74,817

See: Calgary. Though Edmonton is an up-and-coming hot spot.

SASKATOON



Average home price: $354,400

Needed income: $73,539

Some consider the cost of living too high for what you get out of the city, but at least you can find their delicious berries there. And sunsets like this.

REGINA



Average home price: $303,355

Needed income: $64,400

If you don’t mind being that close to Montana and North Dakota, have at it.

WINNIPEG



Average home price: $266,837

Needed income: $58,716

Again, North. Dakota. (And Minnesota.) But look at that needed income. Definitely doable.

TORONTO



Average home price: $630,858

Needed income: $126,530

The numbers probably don’t have you clutching your pearls, but is anyone else surprised that Vaughan, Ont. (where the average home price is $717,414 and the needed income is $140,804) is more expensive than T.O.?! One can only take so much of Canada’s Wonderland and Vaughan Mills.

OTTAWA



Average home price: $359,759

Needed income required: $76,145

The capital of Canada is considered the best place to retire, so this is the place for you if you want a more serene way of life. Very serene. Like, be in bed by 8 p.m. serene.

MONTREAL



Average home price: $328,862

Needed income: $68,378

A stone’s throw away from the best place to live in Canada, but with all the big city perks. Plus, it’s the closest thing we have to metropolitan Europe in our fine country.

FREDERICTON



Average home price: $156,000

Needed income: $36,836

New Brunswick’s capital has the lowest numbers in the nation — lower than Trois-Rivières, Que. and Charlottetown, PEI. In comparison, Fredericton is super affordable.

HALIFAX



Average home price: $280,035

Needed income: $56,483

Idyllic for those looking for a big city with a small-town feel, music lovers, and those who enjoy the smell of the ocean.

CHARLOTTETOWN



Average home price: $162,928

Needed income: $38,091

Tiny town with an even tinier town feel. If that’s what you’re going for.

NEWFOUNDLAND & LABRADOR



Average home price: $282,350

Needed income: $59,454

Sure, you can live here, but only if you can tolerate eight-month-long winters. And as long as you can recognize that Newfoundland and Labrador aren’t Cape Breton on a map, you’re good.

Rethinking buying or selling now?