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Table 1: Household Incomes and Affordable Housing Prices, 2016

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Regional Market Area

Income 20th Percentile

Affordable Price

Income 30th Percentile

Affordable Price

Income 40th Percentile

Affordable Price

Income 50th Percentile

Affordable Price

Income 60th Percentile

Affordable Price

Ontario

$33,800

$126,000

$46,500

$173,000

$59,500

$221,500

$73,900

$275,000

$90,400

$337,000

City of Toronto

$27,900

$104,000

$39,700

$148,000

$51,600

$192,000

$65,000

$242,000

$81,000

$302,000

Central

$35,100

$131,000

$48,900

$182,000

$62,900

$234,500

$78,600

$292,500

$96,500

$359,500

Regional Municipality of Peel

$42,600

$158,500

$57,200

$213,000

$71,000

$264,500

$86,400

$321,500

$103,100

$384,000

Regional Municipality of Durham

$44,300

$165,000

$59,000

$220,000

$74,000

$275,500

$90,300

$336,500

$107,400

$400,000

Regional Municipality of Halton

$49,200

$183,000

$66,300

$247,000

$84,300

$314,000

$102,400

$381,500

$123,000

$458,000

Regional Municipality of York

$46,200

$172,000

$63,200

$235,500

$80,900

$301,500

$99,200

$369,500

$118,400

$441,000

County of Simcoe

$36,600

$136,500

$48,300

$180,000

$61,400

$228,500

$75,100

$279,500

$90,400

$337,000

District Municipality of Muskoka

$33,100

$123,500

$43,900

$163,500

$55,800

$208,000

$67,500

$251,000

$81,000

$302,000

Eastern

$35,100

$130,500

$47,800

$178,000

$61,000

$227,000

$75,000

$279,500

$91,100

$339,500

City of Cornwall

$29,000

$108,000

$38,800

$144,500

$49,300

$183,500

$61,200

$228,000

$73,500

$273,500

County of Hastings

$29,700

$111,000

$39,800

$148,000

$49,400

$184,000

$60,400

$225,000

$72,700

$271,000

City of Kawartha Lakes + Haliburton

$32,900

$122,500

$42,400

$158,000

$52,800

$196,500

$64,200

$239,000

$76,000

$283,000

City of Kingston

$31,300

$116,500

$42,500

$158,000

$55,100

$205,500

$68,700

$255,500

$84,800

$316,000

County of Lanark

$35,400

$131,500

$47,000

$175,000

$61,000

$227,000

$72,700

$271,000

$87,800

$327,000

UC of Leeds and Grenville

$33,400

$124,500

$45,000

$167,500

$56,400

$210,000

$69,600

$259,500

$83,900

$312,500

County of Lennox & Addington + PE Division

$34,000

$126,500

$45,000

$167,500

$55,800

$208,000

$67,800

$252,500

$79,700

$297,000

County of Northumberland

$35,200

$131,000

$45,600

$170,000

$56,800

$211,500

$69,200

$258,000

$82,700

$308,000

City of Ottawa

$40,600

$151,500

$56,600

$210,500

$72,000

$268,000

$88,700

$330,000

$107,200

$399,500

City of Peterborough

$32,000

$119,000

$42,400

$157,500

$53,100

$198,000

$64,300

$239,500

$78,300

$291,500

UC of Prescott and Russell

$36,500

$136,000

$49,500

$184,500

$65,200

$243,000

$80,000

$298,000

$97,200

$362,000

County of Renfrew

$32,800

$122,500

$44,200

$164,500

$54,900

$204,500

$66,500

$248,000

$80,300

$299,000

Southwestern

$32,100

$119,500

$43,700

$163,000

$55,500

$206,500

$68,500

$255,000

$83,600

$311,500

City of Brantford

$30,800

$114,500

$42,300

$157,500

$53,000

$197,500

$66,400

$247,000

$80,300

$299,000

County of Bruce

$35,000

$130,500

$45,800

$170,500

$58,100

$216,500

$73,800

$275,000

$90,100

$335,500

Municipality of Chatham-Kent

$27,400

$102,000

$37,200

$138,500

$46,400

$173,000

$57,700

$214,500

$70,100

$261,000

County of Dufferin

$40,700

$151,500

$56,300

$210,000

$71,200

$265,000

$85,900

$320,000

$101,400

$377,500

County of Grey

$31,800

$118,500

$42,300

$157,500

$52,800

$197,000

$62,900

$234,500

$76,300

$284,500

County of Norfolk

$35,000

$130,500

$44,900

$167,500

$56,200

$209,500

$68,600

$255,500

$82,800

$308,000

City of Hamilton

$30,000

$111,500

$41,500

$154,500

$53,400

$199,000

$67,100

$250,000

$83,100

$309,500

County of Huron

$33,600

$125,000

$42,500

$158,500

$53,100

$198,000

$64,700

$241,000

$77,500

$289,000

County of Lambton

$30,800

$115,000

$42,500

$158,000

$54,400

$202,500

$68,700

$256,000

$84,000

$313,000

City of London

$29,500

$110,000

$40,900

$152,500

$52,300

$194,500

$64,600

$240,500

$79,900

$297,500

Regional Municipality of Niagara

$32,100

$119,500

$43,100

$160,500

$53,500

$199,000

$65,300

$243,000

$78,900

$294,000

County of Oxford

$34,700

$129,500

$46,400

$173,000

$57,800

$215,000

$70,300

$262,000

$85,900

$320,000

City of St. Thomas

$30,500

$113,500

$42,300

$157,500

$54,000

$201,000

$67,000

$249,500

$79,800

$297,500

City of Stratford

$36,500

$136,000

$46,500

$173,000

$58,700

$219,000

$70,200

$261,500

$86,100

$320,500

Regional Municipality of Waterloo

$37,100

$138,500

$50,200

$187,000

$63,200

$235,500

$77,600

$289,000

$93,300

$347,500

County of Wellington

$38,400

$143,000

$51,200

$190,500

$64,600

$240,500

$80,000

$298,000

$96,800

$360,500

City of Windsor

$29,200

$108,500

$40,600

$151,500

$52,400

$195,000

$65,100

$242,500

$80,200

$298,500

Northeastern

$29,100

$108,500

$40,200

$149,500

$51,300

$191,000

$63,500

$236,500

$78,000

$290,500

Algoma DSSAB

$27,500

$102,500

$35,600

$132,500

$44,700

$166,500

$53,300

$198,500

$63,600

$237,000

City of Greater Sudbury

$31,200

$116,500

$44,500

$166,000

$56,400

$210,000

$69,600

$259,000

$85,200

$317,000

Cochrane DSSAB

$30,200

$112,500

$41,300

$154,000

$54,100

$201,500

$66,900

$249,500

$82,100

$306,000

Manitoulin - Sudbury DSSAB

$27,900

$104,000

$38,700

$144,000

$49,500

$184,000

$59,200

$220,500

$73,000

$272,000

Nipissing DSSAB

$27,000

$100,500

$38,800

$144,500

$50,400

$187,500

$62,500

$232,500

$77,000

$287,000

Parry Sound DSSAB

$29,500

$109,500

$38,900

$145,000

$50,000

$186,000

$62,100

$231,000

$73,300

$273,000

Sault Ste. Marie

$29,000

$108,000

$39,900

$148,500

$50,600

$188,500

$62,900

$234,000

$78,100

$290,500

Timiskaming DSSAB

$25,700

$95,500

$35,000

$130,500

$44,600

$166,000

$55,000

$204,500

$66,700

$248,500

Northwestern

$30,200

$112,500

$42,100

$157,000

$53,500

$199,000

$65,900

$245,500

$80,000

$298,000

Kenora DSSAB

$30,400

$113,000

$42,300

$157,500

$53,600

$199,500

$66,300

$247,000

$81,000

$301,500

Rainy River DSSAB

$28,900

$107,500

$41,000

$152,500

$52,200

$194,500

$61,900

$230,500

$73,400

$273,500

Thunder Bay DSSAB

$30,300

$113,000

$42,100

$157,000

$53,900

$200,500

$66,400

$247,500

$80,500

$300,000


Assumptions:

  • Gross Debt Service (GDS) = 30.0% of Gross Household Income
  • Estimated Property Tax Rate = 0.125% of House Value/Month
  • CMHC Mortgage Loan Insurance Premium = 3.60% of Loan Amount
  • Mortgage Loan Insurance Factor = 0.000120
  • Down Payment = 5.0%
  • Mortgage Rate = 4.66%
  • Mortgage Rate Factor = 0.0056240
  • Years of Amortization = 25

Notes:

  1. Prices are based on data from Statistics Canada (Gross household incomes from 2011 National Household Survey, Consumer Price Index (Ontario) from CANSIM Table #326-0021), Canada Mortgage and Housing Corporation (Mortgage Insurance Rates) and Bank of Canada (Mortgage Rates).
  2. In the PPS, a regional market area refers to an area, generally broader than a lower tier municipality, that has a high degree of social and economic interaction. In southern Ontario, the upper or single tier municipality will normally serve as the regional market area. Where a regional market area extends significantly beyond upper or single tier boundaries, it may include a combination of upper, single and/or lower-tier municipalities.

Contact:

Marci Pernica

Housing Division

Housing.Research@ontario.ca