Monday, May 1, 2017

How affordable is it to live in warm and not-so-wet cities in Canada?




From left to right are top 10 Canadian cities that are rated to have good weather, then cities that are in the top 25 percentile of those to have good weather, and then all the other cities. From top to bottom: calculation of Average Value of Primary Real Estate divided by Median Household Income, then Total Annual Rainfall in mm, and then Days with Daily Min Temperature Greater than 0°C. 

It turns out that there are a number of cities that are affordable from home price to income ratio perspective. However, most of them fall under the category of medium and small. Cities that are rated to have a good weather and with home prices just above 3 times of median household income are mostly located in Ontario and Quebec. Unluckily, cities in British Columbia are either too wet, too cold or too expensive. Of course, there are plenty of other factors that make Vancouver, BC a great place to live.

Source of data: 
http://www.moneysense.ca/canadas-best-places-to-live-2016-full-ranking/

1 comment: