Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
With prices soaring across the country and interest rates steadily holding at historic lows, it seems like the Canadian real estate market is on everyone’s mind right now. Whether you’re looking for a starter home in New Brunswick or an investment property in Toronto or Vancouver, the cost of purchasing and maintaining a property can often seem overwhelming. To help you plan out an upcoming move, determine whether you’ve saved up enough to purchase a home in your city, or to help you decide whether homeownership is even an option, we’ve created an infographic that breaks down, by major Canadian city, the cost of owning a home and how much income you’ll need to earn.
Average House Price | Average Monthly Mortgage Payment | Median Family Income | House Price Change Y/Y (2020 – 2021) | |
Calgary | $436,800 | $1,572 | $109,100 | 6.2% |
Vancouver | $1,123,300 | $2156 | $98,600 | 9.4% |
Edmonton | $330,200 | $1,474 | $104,100 | 4.4% |
Regina | $258,800 | $1,362 | $96,080 | 9.5% |
Saskatoon | $314,300 | $1,326 | $96,320 | 8.2% |
Winnipeg | $306,800 | $1,194 | $83,900 | 12.1% |
Ottawa | $611,900 | $1,423 | $104,100 | 29.1% |
Toronto | $918,883 | $2,103 | $93,200 | 12% |
Montreal | $474,000 | $1,274 | $83,300 | 22.4% |
Halifax | $370,271 | $1,248 | $92,130 | 12% |
St.John’s | $265,600 | $934 | $100,150 | 3.0% |
Rating of 4/5 based on 17 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Frank Mortgage is Canada’s one-stop shop for mortgages. Get up to $1,500 cash back on your mortgage.
Great unsecured credit card for customers currently in, or recently discharged from, a consumer proposal or bankruptcy
Earn an average 5%¹ cashback at thousands of partners and at least 0.5%² cashback guaranteed with Neo.
KOHO’s Credit Building Program helps you build a better credit history with easy to manage payments for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.