Search KelownaNow
A new map, based on data from RentSeeker.ca, shows the cost of housing across Canada and the U.S.
Wondering what annual salary you need to be earning to afford a home in Canada? That’s included too.
On average, the most expensive houses are in Vancouver, followed by Kelowna, which even beat out Toronto.
The average house price in Vancouver sits at $864,556, requiring an annual salary of over $140,000.
In Kelowna, you would have to be making about $130,000 a year to afford the average home, priced at about $785,415.
Looking to buy the least expensive home on the market, Moncton might be your best bet, where the average home costs about $235,961.
In the U.S., the priciest homes are also found on the West Coast, with the average San Francisco home priced at over $1.6 million. Americans have a little more wiggle room, though, with the average home in Detroit valued at about $64,110.
If you get value from KelownaNow and believe local independent media is important to our community we ask that you please consider subscribing to our daily newsletter.
If you appreciate what we do, we ask that you consider supporting our local independent news platform.