City Comparison Tool

Cost of Living Comparison by City

Compare the cost of buying a home across 20+ major Canadian cities. See average prices, down payments, mortgage costs, and affordability ratings side by side.

Select Cities

Choose two cities to compare side by side

City 1

City 2

Property Type

Data Disclaimer

Prices are approximate averages and change frequently. For current data, consult your local real estate board.

Toronto

Ontario

Calgary

Alberta

Avg. Home Price

$1,100,000

Avg. Home Price

$575,000

Min. Down Payment

$220,000

20.00%

Min. Down Payment

$32,500

5.65%

Monthly Mortgage

$4,870.56

at 4.5%, 25yr amortization

Monthly Mortgage

$3,122.69

at 4.5%, 25yr amortization

Annual Property Tax

$7,370

Rate: 0.67%

Annual Property Tax

$3,680

Rate: 0.64%

Avg. Rent (1BR / 2BR)

$2,400 / $3,100

Avg. Rent (1BR / 2BR)

$1,600 / $2,000

Price-to-Income Ratio

11.6x

Challenging

Price-to-Income Ratio

5.8x

Moderate

Side-by-Side Comparison

Toronto

Calgary

Savings Needed to Buy

Down payment + closing costs (~3.5%) + 3-month emergency fund

Toronto

Down payment$220,000

Closing costs$38,500

Emergency fund$14,612

Total needed$273,112

Calgary

Down payment$32,500

Closing costs$20,125

Emergency fund$9,368

Total needed$61,993

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