Table 7
First-time homebuyer income, outstanding mortgage and affordability, Canada, 2018 and 2022
| 2018 | 2022 | |
|---|---|---|
| 2022 constant dollars | 2022 constant dollars | |
| Median household income | 109,350 | 114,950 |
| Median outstanding mortgage | 249,350 | 280,000 |
| % of households | % of households | |
| Share of households that spend more than 30% of household income on shelter costs | 24.9 | 24.4 |
| Share of households dissatisfied with housing affordability | 13.4 | 21.3 |
Source(s):
Canadian Housing Survey, 2018 and 2022 (5269).
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