Housing Affordability in Canada: 2022 RE/MAX Report

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022.

Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent.

According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

Datasets available for download

Additional Info

Field Value
Last Updated August 18, 2024, 6:59 PM (UTC+00:00)
Created October 30, 2023, 11:12 PM (UTC+00:00)
Domain / Topic
Domain or topic of the dataset being cataloged.
Housing
Description
A description of the dataset.

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022.

Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent.

According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

Tags
Keywords/tags categorizing the dataset.
Format (CSV, XLS, TXT, PDF, etc)
File format of the dataset.
.pdf - application/pdf
Dataset Size
Dataset size in megabytes.
Metadata Identifier
Metadata identifier – can be used as the unique identifier for catalogue entry
Published Date
Published date of the dataset.
2022-07-20
Time Period Data Span (start date)
Start date of the data in the dataset.
2022-01-01
Time Period Data Span (end date)
End date of time data in the dataset.
2022-06-30
GeoSpatial Area Data Span
A spatial region or named place the dataset covers.
Western and Eastern Canada
Field Value
Access category
Type of access granted for the dataset (open, closed, service, etc).
Open
License
License used to access the dataset.
License not specified
Limits on use
Limits on use of data.
Location
Location of the dataset.
http://download.remax.ca/PR/REMAX2022HousingAffordabilityIndex.pdf?_gl=1*1xp8fq4*_ga*MTgyMzExNjMzMi4xNjk3OTg4MTMz*_ga_1K2F9Z3PBF*MTY5ODcwNTUxNS4yLjAuMTY5ODcwNTUxNS42MC4wLjA.
Data Service
Data service for accessing a dataset.
Owner
Owner of the dataset.
Remax
Contact Point
Who to contact regarding access?
lmcnutt@remax.ca
Contact Point Email
The email to contact regarding access?
Publisher
Publisher of the dataset.
Remax
Publisher Email
Email of the publisher.
lmcnutt@remax.ca
Author
Author of the dataset.
Lydia McNutt
Author Email
Email of the author.
lmcnutt@remax.ca
Accessed At
Date the data and metadata was accessed.
2023-10-29
Field Value
Identifier
Unique identifier for the dataset.
Language
Language(s) of the dataset
English
Link to dataset description
A URL to an external document describing the dataset.
https://blog.remax.ca/housing-affordability-in-canada/
Persistent Identifier
Data is identified by a persistent identifier.
No
Globally Unique Identifier
Data is identified by a persistent and globally unique identifier.
No
Contains data about individuals
Does the data hold data about individuals?
No
Contains data about identifiable individuals
Does the data hold identifiable data about individual?
No
Contains Indigenous Data
Does the data hold data about Indigenous communities?
N/A
Field Value
Version
Version of the datatset
2022-07-20
Source
Source of the dataset.
http://download.remax.ca/PR/REMAX2022HousingAffordabilityIndex.pdf?_gl=1*1xp8fq4*_ga*MTgyMzExNjMzMi4xNjk3OTg4MTMz*_ga_1K2F9Z3PBF*MTY5ODcwNTUxNS4yLjAuMTY5ODcwNTUxNS42MC4wLjA.
Version notes
Version notes about the dataset.
Dataset was published on 2022-07-20
Is version of another dataset
Link to dataset that it is a version of.
Other versions
Link to datasets that are versions of it.
Provenance Text
Provenance Text of the data.
Provenance URL
Provenance URL of the data.
Temporal resolution
Describes how granular the date/time data in the dataset is.
Annually
GeoSpatial resolution in meters
Describes how granular (in meters) geospatial data is in the dataset.
GeoSpatial resolution (in regions)
Describes how granular (in regions) geospatial data is in the dataset.
Western & Eastern Canada
Field Value
Indigenous Community Permission
Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
Community Permission
Community permission (who gave permission).
The Indigenous communities the dataset is about
Indigenous communities from which data is derived.
Field Value
Number of data rows
If tabular dataset, total number of rows.
24
Number of data columns
If tabular dataset, total number of unique columns.
11
Number of data cells
If tabular dataset, total number of cells with data.
264
Number of data relations
If RDF dataset, total number of triples.
Number of entities
If RDF dataset, total number of entities.
4
Number of data properties
If RDF dataset, total number of unique properties used by the triples.
Data quality
Describes the quality of the data in the dataset.
Machine readable
Metric for data quality
A metric used to measure the quality of the data, such as missing values or invalid formats.
Validity of cells

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