This is how much you need to earn to buy a home in Montreal in 2026

A 'for sale' sign is seen in front of a home in Montreal, Monday, May 6, 2024. (Christinne Muschi/The Canadian Press)

More than half of Canada’s major cities saw their mortgage affordability improve in 2025, but for some places, including Montreal, the situation isn’t quite so rosy.

According to Ratehub’s latest affordability report, which outlines the annual income required to purchase a home, there has been an improvement over the past year in cities like Hamilton (down $18,610) and Toronto (down $18,590).

“Eight of the 13 cities have seen an improvement, mainly due to lower housing prices and mortgage rates,” Philippe Simard, Quebec mortgage director at Ratehub, told Noovo Info.

Contrarily, in Montreal, the income required to buy a home increased by $2,420 over the last twelve months.

“This situation is attributable to a $24,800 increase in home prices,” explained Simard, noting that lower mortgage rates were not enough to offset the rise in housing prices.

Here’s how much you need to make to buy a property in Canada’s major cities as of December 2025:

Montreal, Que.

• Average home price: $573,300
• Required income: $124,120

Toronto, Ont.

• Average home price: $942,300
• Required income: $194,430

Ottawa, Ont.

• Average home price: $615,500
• Required income: $132,160

Vancouver, B.C.

• Average home price: $1,114,800
• Required income: $227,300

Halifax, N.S.

• Average home price: $543,000
• Required income: $118,350

St. John’s, Nfld. Lab.

• Average home price: $395,100
• Required income: $90,160

Winnipeg, Man.

• Average home price: $380,400
• Required income: $87,360

Calgary, Alta.

• Average home price: $553,900
• Required income: $120,420

Edmonton, Alta.

• Average home price: $408,300
• Required income: $92,690

Fredericton, N.B.

• Average home price: $351,200
• Required income: $81,800

Hamilton, Ont.

• Average home price: $725,200
• Required income: $153,090

Regina, Sask.

• Average home price: $330,900
• Required income: $77,940

Victoria, B.C.

• Average home price: $865,000
• Required income: $179,700