Fact: The average house price in Canada, excluding the GTA and the LM, is $546,000. To buy that house with 10% down takes a gross annual household income of $105,000. So the average family could in fact buy the average house, if they have fifty grand to put down. To buy the average property requires a household income of $205,000 while the average family brings in $121,000. In any case, sales dipped 9% and the average residential price was off 2%, at a bargain-basement $569,200.