A recent report from RateHub.ca found that if you want to buy a home in Toronto you’ll have to make $222,600 annually.
The average home price in Toronto in May was 1.164 million.
So how does that compare to other cities across Canada?
The national average home price is around $729,044. In Winnipeg you would have to make just shy of 80 grand to buy a place, a bit over 80 thousand to buy something in Edmonton. In Montreal it will take a bit more than $107,000 and over $110,000 to live in Calgary.
If you’re still thinking you’re ready to buy and it’s your first time – why not document it on TV?
Property Virgins is coming back and if you want to apply to be part of it click here!
