• Average home prices would need to fall $174,000 – 33% of the 2021 value – to make it affordable for a typical young person to carry a mortgage that covers 80% of the value of an average-priced home at current interest rates.
• Or typical full-time earnings would need to increase to $82,000/year – 50% higher than current national levels.
• It takes 13 years of full-time work for the typical young person to save a 20% down payment on an average priced home – at least 8 more years than when today’s aging population started out as young people.
• Alas, the CMHC data source on which we rely for rental figures does not have information for the Yukon.

The numbers in Figure 29 illustrate the gap between average home prices in the Yukon and what is considered affordable for typical residents between the ages of 25 and 34, based on their average earnings. Among the less populated parts of Canada, the Yukon stands out for having lost control of housing affordability and housing wealth inequality.