Tuesday, 5 November 2013

Median Incomes in Major Canadian Cities 1976-2011

Canadian incomes are stagnating. In fact, the median total income in Canada in 2011 was equivalent to the 1980 level -$57,000 (adjusted for inflation). During the same span, real home prices in Canada rose by 97%. Are you still pondering whether there is a housing bubble in Canada?

Median income in Canada peaked on the verge of the financial crisis in 2008 at $58,100. Note there is no data available for 2012 or 2013.

The chart below shows the Canadian total median household income since 1976. The pattern is clear - incomes are stagnating.

canada median income, canada average income, canadian household income chart

Calgary is one of the few cities in Canada where incomes have been trending upwards. In fact, in 2011 the median total income in Calgary reached an all time high of $82,400.

calgary median income, calgary average income, calgary median household income chart

Incomes in Toronto have plateaued for the past decade. Median incomes reached an all time high of $68,300 in 2008 and then dropped below the 1980 level in 2011 to $65,500. Notice how incomes shot up during the late '80s housing bubble. Guess what is going to happen to salaries once the current housing bubble in Toronto deflates.

toronto median income, toronto average income, toronto median household income chart

Edmonton is another Canadian city with incomes trending upwards, though not as much as Calgary. The median total income in Edmonton was $67,800 in 2011.

edmonton median income, edmonton average income, edmonton median household income chart

Incomes in Halifax reached an all time high in 2010 ($58,700) and then declined slightly in 2011.

halifax average income, halifax median income, halifax median household income chart

Incomes in Hamilton were hit pretty hard during the early '90s recession though they recovered by the early 2000's. The median total income in Hamilton was $69,300 in 2011.

hamilton median income, hamilton average income, hamilton median household income chart

Here's something interesting. Incomes in Kitchener-Waterloo actually increased during the early '90s recession. Unfortunately in the early 2000's incomes had fallen and now with Blackberry going kaput incomes are likely to decline even further in KW.

kitchener waterloo median income, kitchener waterloo average income

Median incomes in London, Ontario have been falling off the cliff since the financial crisis. London incomes peaked in 1979 at $67,600 and since then have declined to $46,900 in 2011.

london average income, london median income chart

Median incomes in Montreal remain significantly lower compared to the late '70s. In 2011 the median total income was just $52,000.

montreal median income chart, montreal average income, montreal household median income chart

Why are incomes high in Ottawa? Maybe because most of our bureaucrats live there - or maybe not. Regardless, median incomes reached an all time high of $75,300 in 2011.

ottawa median incomes, ottawa average income

Incomes in Quebec were relatively flat during the '80s and '90s but in late 2000's median incomes spiked. Nevertheless median income in Quebec was still below the 1976 level in 2011.

quebec median household income, quebec average income

Incomes in St. Catharines-Niagara were trending downwards since the late '70s. In 2011 the median total income in St. Catharines was $55,200.

niagara average income, niagara and st catharines median income

Incomes in a delusional Vancouver peaked in 1980. Median income in Vancouver was just $57,200 in 2011. The average detached home in Vancouver costs  $1,211,190 - that's 21 times the median income.

vancouver median income, vancouver average income, vancouver median household income chart

Median incomes in Victoria peaked in 1976. Since then they have stagnated to say the least.

victoria median household income, victoria average income, victoria median income chart

Incomes in Windsor were actually higher than in London, Ontario in 2011. Specifically, median total income in Windsor was $52,700 in 2011.

Finally, incomes in Winnipeg were slowly rising for the past few decades. Nevertheless median income peaked in 2008 at $61,300.

So there you have it. For the most part Canadians don't make more money today than a few decades ago. At the same time Canadians are currently more indebted than ever before.


The information presented on this website is purely for entertainment purposes and should not be considered as an investment advice or any kind of advice at all. Statistics presented on this site are not guaranteed to be accurate, and there could be errors in the information presented on this site. However authors do try to present information as accurately as possible. The opinions of the authors and commentators are just that, opinions! Please always make up your own mind about things in life, and never take things for granted, including on this site. Hope you have a great day!

Contact Me

You can reach the authors of this site by emailing to: torontocondobubble (at) gmail.com Authors of this website try to cite all their information sources to the best of their abilities. If for some reason you believe we infringed on your copyright, please email us and we will fix it as soon as possible!

Privacy Policy

Please familiarize yourself with our Privacy Policy