home All News open_in_new Full Article

Here's the lowest salary you need to afford a home in Toronto right now

Toronto's housing market may still be taking a prolonged (and for many, extremely stressful) pause, but a lack of momentum doesn't mean that real estate in and around the city is getting any more affordable.Local firms like Ratehub.ca have been regularly reporting on average home prices in the region and the income needed to cover them each month, and June's data still spells out what most locals have come to accept over the years: that hell may indeed freeze over before owning a home is as attainable here as in comparable cities around the world.Based on Ratehub's latest data, released Friday, a slight increase in lending rates month-over-month has worsened affordability in almost all of Canada's major markets, compounded by the fact that prices are slowly starting to rise again as would-be buyers give up waiting on the sidelines for costs to potentially improve.As the company explains, "upward pressure has been steadily buildi...


today 3 w. ago attach_file Other

attach_file Sport
attach_file Sport
attach_file Transport
attach_file Other
attach_file Economics
attach_file Culture
attach_file Economics
attach_file Other
attach_file Culture
attach_file Events
attach_file Other
attach_file Sport
attach_file Events
attach_file Other
attach_file Sport
attach_file Politics
attach_file Culture
attach_file Other
attach_file Culture
attach_file Culture


ID: 2336411994
Add Watch Country

arrow_drop_down