Mortgage payments for typical home now exceeds 50% of after-tax family income in every Ontario urban centre; 110% in Toronto
Home Ownership and Rent Affordability in Canadian CMAs, 2014-2023
By Fraser Institute —— Bio and Archives--November 20, 2025
Canadian News, Opinion | Comments | Back To Full Article
TORONTO—To buy a typical home, Ontario families earning the local median income would have to devote more than 50 per cent of their after-tax earnings to monthly mortgage payments in Ontario’s 14 urban centres, and more than 110 per cent in Toronto, finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
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