/
1x
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
City News

This is how much you need to make in order to buy the average Toronto house

By Steve Kupferman
Add as preferred on Google(opens in a new tab)
Copy link

$118,650

—The amount of gross household income needed to service a standard mortgage on a home valued at the current average price for the Greater Toronto Area, $585,204, according to a Globe analysis. The Toronto area’s estimated median family income is only $69,934.

Advertisement
Advertisement

The Latest

How actor Katherine Barrell spends a day off in Toronto
Culture

How actor Katherine Barrell spends a day off in Toronto

Inside the Latest Issue

The July issue of Toronto Life features the monster cottages of Muskoka versus the resistance. Plus, our obsessive coverage of everything that matters now in the city.