Why we made this infographic
We developed the Time to Save a Downpayment measure to show the real life impact of out-of-control housing markets.
This graphic incorporates average housing costs for an area (all types of housing, not just single detached) with stats on local full-time earnings.
When we show this graphic in presentations, we say it means that:
If young Canadians want a home of their own in Metro Vancouver or the G.T.A., they're going to have to start saving in the womb.
Honestly, it's been hard to keep this graphic up to date (this version was updated in December, 2017). For methodology, refer to: