2/22/2024 0 Comments Affordable global cities ranking![]() This means that the median house in Calgary costs four times the average annual income in the city.Įdmonton ranked as the most affordable Canadian city in the report, sitting fourth with a rating of 3.6 while Pittsburgh was the most affordable city in the report with a rating of 2.7. The median multiple is the price-to-income ratio, which is the median house price divided by the gross median household income, pre-tax. ![]() Calgary’s 2020 rating placed them 29 th on the list.Ĭities with a median multiple of 3.0 and under have “affordable” housing markets, while the range from 3.1 to 4.0 is “moderately affordable,” 4.1 to 5.0 is “seriously unaffordable,” and 5.1 and over is “severely unaffordable.” ![]() ![]() | CREB Calgary ranked in top 10 of the world's most affordable citiesĪccording to the Urban Reform Institute’s Demographia International Housing Affordability Study, Calgary ranked 10 th out of the 92 cities included in the survey.Ĭalgary’s affordability, which was based on numbers taken during the fourth quarter of 2021, was up slightly, posting a median multiple of 4.0 compared to 4.1 in the previous study analyzing 2020. ![]()
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