RBC Economics

RBC Housing Affordability — least affordable markets (Q1 2025)

Ranked by RBC aggregate Housing Affordability Measure for Q1 2025 (higher % = less affordable).

Coverage: 14 · Original study / source

RankPlaceProvinceScore
1Vancouver areaBritish Columbia92.7
2VictoriaBritish Columbia70.6
3Toronto areaOntario68.3
4Montreal areaQuebec49.5
5OttawaOntario44.3
6HalifaxNova Scotia42.9
7CalgaryAlberta42.3
8Quebec CityQuebec34.1
9EdmontonAlberta33
10Saint JohnNew Brunswick32.2

All RBC Housing Affordability — Least Affordable Markets editions · Cities