How much do Canadians spend month by month in housing? A final report from RateHub gives an idea of ​​how much of the income a citizen has in this country should spend on their housing expenses.   Based on the RBC Affordability Index, which allows us to know how much homeowners spend on housing, not only on the mortgage, but on services and property taxes, the measurement was made.   According to the recommendations of the Mortgage and Housing Commission, no citizen should spend more than 30% of their monthly income on the payment of their home, but in some cities in Canada, especially in the larger ones, that rule is not met.   In Vancouver, people can spend up to 80% of their income on housing, according to the prices of the first quarter of 2017. The proportion is lower, however, than in the third quarter of 2016, when it arrived to be up to 92%.   In Toronto and its suburbs, the costs of owning property represent 72% of income, well above the national average of 45.9%.   In Montreal, the ratio is 43% and followed by Calgary, Ottawa and Quebec City.   One of the cities where the percentage is lowest is Saint John.   RateHub spokespersons explain that in Vancouver and Toronto cases there is a special reality, as it is quite possible that homeowners do not depend on their monthly income to cover these expenses, but rather on their wealth, are necessarily covered by what they earned in the most recent fiscal year.   Another reason why in these cities the numbers are so different, it is because most people have two jobs or are engaged in doing freelance apart from their fixed job.   List of Cities  

1. Vancouver: 79.7%
2. GTA: 72%
3. Montreal: 43%
4. Calgary: 39.6%
5. Ottawa: 34.8%
6. Quebec City: 34.2%
7. Edmonton: 31%
8. Winnipeg: 30.4%
9. Regina: 29.1%
10. Saint John: 26%

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