Mortgages aside, the average Canadian is in debt to the tune of $22,147, according to a Q2 2025 Equifax report. Given average housing costs and debt statistics in each province, how much income do you need to buy a home in Canada? Finder.com takes a look at the income needed (in Canadian dollars) to buy a single, detached home in the biggest city in each Canadian province. GDS = housing costs ÷ gross incomeMethodology: How was the minimum income needed to buy a home in 10 major Canadian cities calculated? For monthly “other debt” costs, the average household debt figure ($22,147) from the Q2 2025 Equifax Canada Market Pulse report was divided by 12 ($1,845).