3 Ontario cities rank among world's least affordable places to buy a home

Buying a home in Canada is becoming increasingly expensive, and international comparisons really put it into perspective.A global ranking published this year shows just how expensive it is to become a homeowner in Canada, with four cities listed among the priciest in the world.Remitly, a digital money transfer service, took a look at several cities, including 10 in Canada, to see how much of a home an average single earner and a couple can comfortably afford."To discover where in the world you're most likely to be able to afford to settle down, we analysed more than 150 cities in world's most popular countries to move to, looking at property prices, average salaries, mortgage rates, interest rates, down payments/deposits and more to unearth where the most and least affordable places to purchase a home are," reads the report.Those who want to live in San Jose, California, have it the worst — an average person can only comfortably afford 27 per cent of an ave...


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