Mortgage payment, share of income
Area: Greater Victoria (CMA) Q2 2026 (April to June 2026) · Where this covers
45% of income
Getting better
Was 48% a year earlier (Apr–Jun 2025)
Source: BC Stats, Apr–Jun 2026 · Full source
What it measures
The share of a typical family's after-tax income that the monthly mortgage would take if they bought a typical home today (BC Stats model of a new buyer).
Why it matters
It combines home prices, incomes and interest rates in one number, so it shows whether buying a home is getting easier or harder for a family starting out.
Over time
How we decided “getting better”
A lower number means buying a home takes a smaller share of a typical family's income, so it is more affordable. 45.2% in Q2 2026 compared with 47.7% in Q2 2025 (same quarter a year earlier). The rules.
Source
- Period
- Q2 2026 (April to June 2026)
- Updated by agency
- Quarterly; latest release Aug 20, 2026
- Retrieved
- Nov 10, 2026, 11:55 PM B.C. time
Contains information licensed under the Open Government Licence - British Columbia.
Show the numbers as a table
| Period | Value |
|---|---|
| Q2 2026 | 45% |
| Q2 2025 | 48% |
| Q2 2024 | 58% |
| Q2 2023 | 60% |
| Q2 2022 | 48% |
| Q2 2021 | 37% |
| Q2 2020 | 36% |
| Q2 2019 | 41% |
| Q2 2018 | 40% |
| Q2 2017 | 34% |
| Q2 2016 | 33% |
| Q2 2015 | 31% |
| Q2 2014 | 31% |
| Q2 2013 | 32% |
| Q2 2012 | 34% |
| Q2 2011 | 36% |
Keep in mind
- This is a model of a new buyer, not what current owners pay. BC Stats assumes a family earning the median after-tax family income (about $116,299 a year in Q2 2026) buys a home at the median sale price (about $851,170), with a 25-year variable-rate mortgage at the prime rate.
- BC Stats' technical note says the calculation assumes no down payment, so real payments for buyers with savings would be lower. Use it to follow the trend over time, not as an exact payment.
- Recent income figures are estimates that BC Stats revises as Statistics Canada releases new data, and home prices come from BC Assessment sales records, smoothed over three months. Small quarter-to-quarter changes can be revised.
- Covers all home types together (detached houses, townhouses and condos). The mix of homes sold can shift the median price.
- The area is the Victoria census metropolitan area (Greater Victoria), which is larger than the City of Victoria.
Where this covers
Area: Greater Victoria (CMA)
Statistics Canada’s Victoria metropolitan area: 13 municipalities plus nearby electoral-area and reserve lands.
Included
- Victoria
- Saanich
- Oak Bay
- Esquimalt
- View Royal
- Langford
- Colwood
- Highlands
- Metchosin
- Sooke
- Central Saanich
- North Saanich
- Sidney
- Juan de Fuca electoral area, part 1 (for example East Sooke, Jordan River and Shirley)
- First Nations reserves: Cole Bay 3, Union Bay 4, East Saanich 2, South Saanich 1, Becher Bay 1, Esquimalt, New Songhees 1A and T'Sou-ke
Not included
- Salt Spring Island
- Southern Gulf Islands (Galiano, Mayne, Pender and Saturna islands)
- Port Renfrew area (Juan de Fuca electoral area, part 2)
Official definition
How the agency describes it: Victoria census metropolitan area (Greater Victoria).
Connected to: Market (home prices), Federal (interest rates, mortgage rules), Municipal and Provincial housing policy. This is a label, not a judgement.