What is the income gap between the salary required to purchase an average home and actual household incomes across major Ontario cities?
Using August 2018 average home prices from the Toronto Real Estate Board and other local Ontario real estate boards, and assuming a 20% down payment, Zoocasa calculated the minimum household income required to buy an average home in each region.
Here are the Ontario cities ranked by the biggest to smallest income gaps for home affordability.
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
