Calgary was dubbed “seriously unaffordable” in a new housing affordability study from a California-based university.

Chapman University looked at housing affordability in 95 major markets across eight nations: Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom, and the United States.

The study uses a median price-to-income ratio , or the median multiple, to determine the level of unaffordability in respective markets. The study has several different grades of unaffordability based on the median multiple:

Affordable (3.0 and under)

Moderately unaffordable (3.1 to 4.0)

Seriously unaffordable (4.1 to 5.0)

Severely unaffordable (5.1 to 8.9)

Impossibly unaffordable (9.o and above)

Calgary scored a median multiple of 4.8. This means that the median house pric

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