A Montrealer must earn almost three times more than a resident of Quebec to be able to buy a house of 100 square meters, according to a recent study conducted by HelloSafe.
The data show that in Montreal, you have to earn $251,000 gross annually to hope to afford a 100 square meter house.
Five other regions require a gross annual salary of more than $100,000 to afford the same property, namely Laval, the Laurentians, Montérégie, Outaouais and Lanaudière.
In the Capitale-Nationale, you have to earn $88,448 a year to buy a house of this size.
Conversely, Côte-Nord ($43,357), Nord-du-Québec ($50,056) and Mauricie ($53,009) are the regions where the gross annual salary to buy a 100 square meter house is the lowest in the province.
On average, across Quebec, households must have gross annual income of $91,448 to buy this type of housing.
The annual salaries necessary for the purchase of a house of 100 m2:
– Montreal: $251,100
– Laval: $140,987
– Laurentians: $118,532
– Monteregie: $116,970
– Outaouais: $107,247
– Lanaudiere: $103,882
– Capitale-Nationale: $88,448
– Estrie: $85,183
– Chaudière-Appalaches: $79,433
– Lower St. Lawrence: $68,227
– Gaspésie-Iles-de-la-Madeleine: $68,034
– Abitibi-Témiscamingue: $63,558
– Centre-du-Quebec: $60,801
– Saguenay-Lac-Saint-Jean: $55,807
– Mauricie: $53,009
– Northern Quebec: $50,056
– North Shore: $43,357