The data displays the house price to income ratio in Canada from 2013 to 2015 with forecasts for 2016 and 2017, by province. The house prices in Alberta were 4.1 times the average household income in 2013, but were set to fall to 3.7 times average household income by 2017.
British Colombia | 8 | 8.2 | 8.9 | 9.2 | 8.9 |
Ontario | 5.3 | 5.5 | 5.8 | 5.8 | 5.5 |
Newfoundland and Labrador | 4.7 | 4.4 | 4.2 | 3.8 | 3.7 |
Quebec | 4.5 | 4.4 | 4.4 | 4.3 | 4.2 |
Alberta | 4.1 | 4.2 | 4 | 3.7 | 3.7 |
Saskatchewan | 4 | 4 | 3.9 | 3.6 | 3.4 |
Manitoba | 3.9 | 3.9 | 3.8 | 3.6 | 3.6 |
Nova Scotia | 3.7 | 3.6 | 3.6 | 3.5 | 3.4 |
New Brunswick | 2.9 | 2.8 | 2.7 | 2.7 | 2.6 |
Prince Edward Island | 2.8 | 2.9 | 2.8 | 2.8 | 2.7 |
Canada average | 5.3 | 5.5 | 5.7 | 5.7 | 5.4 |