Rangi if you base it on PPP income that USD being 1 and correct and other currency's being over valued or under valued. Canadian household income is $51,951 vs Australian house hold income $39,000
or you can look at it CAD household median income $63,900 vs AUD $53,404 These are net figures and few years old.
You apply the same PPP formula to houses you get $234,952 for suburban Toronto house vs $346,808 for Bankstown. So you could assume as i said earlier we are 30% over priced than Canada.
Canada has 6.2 x nett household income to house value Australia has 11.04 nett household income to house value.
Obviously there is room for error in my figures as I haven't spend hours researching but you get the picture i'm sure.
