Canada - Housing Cost Overburden
Since 2014, Canada Housing Cost Overburden rose 0.9points year on year. With 19.9 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, the country was number 13 among other countries in Housing Cost Overburden. Canada is overtaken by Finland, which was ranked number 12 at 20.1 Percent of Households Devoting More Than 40% of their Income to Housing Costs and is followed by Australia with 19.7 Percent of Households Devoting More Than 40% of their Income to Housing Costs. Greece lead the ranking with 40.3 Percent of Households Devoting More Than 40% of their Income to Housing Costs in 2019, a growth of 1.3points versus 2018. Chile, Luxembourg and Spain respectively ranked number 2, 3 and 4 in this ranking. Luxembourg recorded the best 5 years average growth at +6.4points per year, while Estonia witnessed the worst performance at -7.6points per year.
| Date | Percent of Households Devoting More Than 40% of their Income to Housing Costs |
|---|---|
| 2019 | 19.90 |
| 2018 | 20.10 |
| 2017 | 20.30 |
| 2016 | 20.30 |
| 2015 | 21.50 |
How does Canada rank in Housing Cost Overburden?
| # | 30 Countries | Percent of Households Devoting More Than 40% of their Income to Housing Costs | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Greece
|
40.30 % | 2019 | +1.3 % | -0.8 % | View data | |
| 2 |
#2
Chile
|
37.40 % | 2019 | +3.6 % | NA | View data | |
| 12 |
#12
Finland
|
20.10 % | 2019 | +1.0 % | +1.6 % | View data | |
| 13 |
#13
Canada
|
19.90 % | 2019 | -1.0 % | +0.9 % | View data | |
| 14 |
#14
Australia
|
19.70 % | 2019 | +1.0 % | +3.9 % | View data | |