HomeThe median total household income in Canada is $80,500 based on the annual Canadian income survey which was released June 13, 2024 and shows household income for 2022. The median household income tax paid is $9,300 which leaves median after-tax income of $70,500 in Canada. We can see that the average household income in Canada is higher with total average income of $106,800. After average income tax of $19,100 the average household after-tax income in Canada was $87,700.
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With an Average Canada home price of $699,117 it would take 6.55 times the average pre-tax household income to purchase a home. British Columbia has the higest multiple of home price to household income at 9.44x followed by Ontario with a multiple 7.81x. Home price multiples increase within the major cities of each province as shown below.
Canada Household Income Across the Provinces
Alberta has average pre-tax household income of $120,800 and median pre-tax household income of $95,900 which is the highest of any province. With average home prices in Alberta at $499,505 it would take 4.13 times the average pre-tax household income to purchase a home.
| Province | Median Income | Average Income |
|---|---|---|
| Newfoundland and Labrador | $71,200 | $94,000 |
| Prince Edward Island | $72,700 | $88,400 |
| Nova Scotia | $67,500 | $86,700 |
| New Brunswick | $67,000 | $85,200 |
| Quebec | $74,600 | $97,500 |
| Ontario | $84,400 | $114,000 |
| Manitoba | $77,000 | $94,500 |
| Saskatchewan | $81,600 | $101,200 |
| Alberta | $95,900 | $120,800 |
| British Columbia | $79,400 | $106,100 |
Canada Household Income across Census Metropolitan Area
Calgary has the highest average pre-tax household income of $130,800 and median pre-tax household income of $101,000. Homes are most unaffordable in Vancouver with a multiple of 11.82 times average pre-tax income to purchase a home at the average home price. Our home affordability calculator can help you answer the question how much home can I afford?
| CMA | Median Income | Average Income |
|---|---|---|
| Québec, Quebec | $78,100 | $99,700 |
| Montréal, Quebec | $77,300 | $102,900 |
| Ottawa-Gatineau, Ontario/Quebec | $90,000 | $116,700 |
| Toronto, Ontario | $90,200 | $125,900 |
| Winnipeg, Manitoba | $78,000 | $98,100 |
| Calgary, Alberta | $101,000 | $130,800 |
| Edmonton, Alberta | $94,000 | $117,200 |
| Vancouver, British Columbia | $83,500 | $114,100 |
Source: Canada Income Survey