Where Homes Are Least Affordable in 2025 🏠

Key Takeaways

• Vancouver, Canada is the most unaffordable housing market in North America.
• Los Angeles follows next, where a typical home costs nearly 11 times higher than the median household income.
• This gap falls to 7.7 in New York, based on data as of July 2025.

Vancouver Takes Top Spot

With a home price-to-income ratio of 13.5, Vancouver, Canada's housing market is extremely out of reach for the vast majority of residents.

Today, it surpasses all other major American cities, while Toronto falls in third with a ratio of 10.3.

By comparison, Miami has a ratio of 6.4—far lower than Canada's largest metros.