Ottawa Housing Affordability

Ottawa Mortgage

In Ottawa, a single-family house ownership costs take up 41.2% of a typical household’s pre-tax income. In Ottawa, housing affordability deteriorated modestly in the second quarter (RBC).

Ottawa Housing Affordability
Type Price Affordability*
Single-family detached $422,000 41.2%
Condominium apartment $289,700 27.1%
Source: RBC. Q3 2016

*The RBC Housing Affordability Measures show the proportion of median pre-tax household income that would be required to service the cost of mortgage payments (principal and interest), property taxes, and utilities based on the median market price for single-family detached homes and condo apartments. The higher the measure, the more difficult it is to afford a home.




The affordability measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate, and are estimated on a quarterly basis for 14 major urban markets in Canada and a national composite.

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