Edmonton has most affordable housing market in Canada: report [Video]

The annual Demographia International Housing Affordability Report ranks Edmonton as tied for fifth most affordable city in the world.

Demographia is an international public policy consulting firm, this is the 20th year for the report.

The report examines 94 major markets across eight countries and nations, including:

• Australia
• Canada
• China
• Ireland
• New Zealand
• Singapore
• The United Kingdom
• The United States

A median price-to-income ratio is used to determine affordability. This is determined by dividing the median home price by the median household income.

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A chart showing the number of cities in each country examined in the report ranked by housing affordability. (2024 Demographia International Housing Affordability Report)

Of the top 10 most affordable cities on this list, Edmonton is tied for fifth place, the full list is:

• Pittsburgh (3.1)
• Rochester (3.4)
• St. Louis (3.4)
• Cleveland (3.4)
• Edmonton (3.6)
• Buffalo …