Many factors make a city an alluring place to live. One of the most important, especially for young people, is affordability. Several factors affect affordability, for example, housing costs, pay rates and types of jobs available. Here are some key measurements to consider and how cities across the nation over pile up, given Statistics Canada research and survey data
Consumer goods and services.
Statistics Canada’s between city lists demonstrate evaluations of price differences between cities communities dependent on a basket of products, including food, shelter, transportation, and clothing. The consolidated city normal is 100, yet a few cities areas score beneath this number. Saint John (New Brunswick) and Montreal are tied for the least at 92, followed by Winnipeg and Charlottetown. Yellowknife and Toronto make up the best two.
The stock of publicly owned social and affordable housing resources can show more choices with regards to finding a place to live. For instance, Ontario has 127,064 open social and reasonable housing units, contrasted and 33,870 in Alberta and 22,124 in British Columbia.
Median income of households:
This number should be considered in connection to different expenses of living to get a real picture of the amount you can buy with the cash you earn, however, it’s a decent beginning stage while looking at affordability. The average salary of households in Canada was $70,336 in 2015. Some cities, such as Montreal, Quebec, and St-Catherines–Niagara, had median incomes below this figure while several cities were well above it, including a few that are above $90,000 such as Calgary and Edmonton.
The choice to own or lease affects family funds, the ease with which people can move, the decision of area and sort of abiding, and other critical variables identified with how individuals live. Ownership rates are most elevated in Atlantic Canada with a homeownership rate of 76.7 percent, well over the national normal of 67.8 percent.
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