Search on Narcity

The Least Affordable Cities In The World Were Revealed & Canada Has A Bunch Of Locations

Only one single province had affordable cities!
The Least Affordable Cities In The World Were Revealed & Canada Has A Bunch Of Locations

It's safe to say that everyone wants to live an affordable lifestyle and have a location to match, in which a house and a steady income are somewhat attainable. 

However, for many, this reality is not within reach because some places remain expensive, and Canada is apparently not immune to unaffordable cities

In fact, a bunch of Canadian cities are listed as unaffordable, according to Demographia's 2021 international housing affordability report. 

The report shows data from all over the world and rates countries from most to least affordable. Canada had five major cities ranked in the latter and only one single province was represented on the most affordable list.   

The data looked at factors including home prices and household income around the world.

Editor's Choice:Canadian Babies With These Names Are Most Likely To Get Rich Says 1 Study

Among the least affordable cities in the world, how many were in Canada?

Of the 92 markets researched from eight different countries that were ranked in the study, several Canadian cities made the cut for being the least affordable places to live.

Five out of the least affordable big cities listed were in Canada, with lower rankings meaning less affordable areas. 

Ottawa, Ontario and Gatineau, Quebec tied in 57th place.

Montreal, Quebec came in 61st place while Toronto, Ontario came in 88th place. 

It was the city of Vancouver, B.C. that had the lowest score in the country, taking the 92nd spot globally and making it the second-least affordable city in the world.

Which Canadian province has the most affordable cities?  

According to the ranking, cities in only one province in Canada managed to snag spots on the "most affordable" list

In the end, it was the province of Alberta that reigned supreme with two of its cities making the cut.

Edmonton and Calgary came in 17th and 29th place respectively. 

What country in the world was voted the most and least affordable?

Eight countries were studied including Australia, Canada, China (Hong Kong), Ireland, New Zealand, Singapore, the U.K. and the U.S.

Of all countries, the U.S. stole the top 10 spots for having the most affordable cities with Pittsburgh, Pennsylvania and Rochester, New York tying for first.* 

Buffalo, New York, St. Louis, Missouri and Tulsa, Oklahoma claimed the remaining top five spots.

The city that came in last place and was ranked the least affordable city in the world was Hong Kong, China.

*This article has been updated. 

Recommended For You

Loading...