
Here's the lowest salary you need to afford a home in Toronto right now
Becky Robertson
created: July 18, 2025, 7:32 p.m. | updated: July 20, 2025, 4:53 a.m.
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.
But, despite this being the case for 12 of 13 of the metropolises the mortgage experts assessed, Toronto — perennially known as the nation's most exorbitant place for real estate aside from Vancouver — surprisingly bucked the trend.
The annual salary required to float a mortgage for the average home in the city actually fell last month to $204,840, from $206,500 in May.
"The most recent June data from the Canadian Real Estate Association (CREA) revealed home sales continued to recover over the course of the month, rising 3.5 per cent year-over-year.
"Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada.
1 week, 3 days ago: blogTO