North America: House Price to Income Ratio

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USA	34.61x
Canada	8.77x

North America: House price to income ratio

The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.

The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.

North American statistics. The quality of house price statistics in Canada and in the United States is exceptionally good. Many time-series are available both in the US and in Canada, both for house prices and rents.