Housing Affordability Matrix

Years of Median Income Required to Purchase (2024)

Understanding the Matrix

Each cell shows how many years of median household income are required to purchase that type of home in that municipality in 2024.

Color coding: Deeper red indicates less affordable (more years of income required). Financial experts typically recommend spending no more than 5 years of income on housing.

Key Finding: Every single option across Metro Vancouver exceeds the affordable threshold of 5 years. Even the most "affordable" option (Surrey condos at 6.2 years) is beyond what's considered financially prudent.