Note:  Median income data for all of Canada from Statistics Canada, for a couple of whom the older adult is aged 25-34. House price data for all units sold in the year in Canada in 1990 and up until July, 2015, from the Canadian Real Estate Association. Income for 2015 estimated based on change from 2012 to 2013.

This means it takes much longer to save for a first home.

It's no wonder hard-working young people and families are having a hard time becoming homeowners. Affordability matters.

 

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Source: Generation Squeeze.
http://www.gensqueeze.ca  Used with permission.