How much do you need to earn annually to buy a home in Toronto - [Video]

Average homebuyers in Toronto needed to earn approx $226.5k/year to obtain a mortgage in June 2022. The amount increased by 7% compared to March 2022.

The average home price in Toronto was $1.2M in June 2022. For the average home, would-be buyers needed a mortgage of $963.9k. The mortgage needed to buy the average home in March was $1M.

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