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Can You Afford to Rent in Toronto?

Published on Nov 25, 2015

How much income do you need to rent the average house or condo apartment in Toronto and area?

PRESENTATION OUTLINE

Can you Afford to Rent?

Hourly Earnings needed in Toronto and Markham

Toronto $58/hour*

* $58 per hour for non high rise condo home with 3 bedrooms in the downtown Toronto core. Based on a 40 hour work week, plus utility cost estimate, at 32% of gross earnings for one person working.
Photo by ChoudhrySaab

Toronto Condo $47/hour*

* $58 per hour for high rise condo home with 2 bedrooms in the downtown Toronto core. Based on a 40 hour work week, plus utility cost estimate, at 32% of gross earnings for one person working.
Photo by veggiefrog

Markham $38/hour*

* $38 per hour for non high rise condo home with 3 bedrooms in Markham. Based on a 40 hour work week, plus utility cost estimate, at 32% of gross earnings for one person working.
Photo by Sean_Marshall

Markham Condo $37/hour*

* $37 per hour for high rise condo home with 2 bedrooms in Markham. Based on a 40 hour work week, plus utility cost estimate, at 32% of gross earnings for one person working.
Photo by Loozrboy

* per hour based on a 40 hour work week, plus utility cost estimate, at 32% of gross earnings for one person working

More Real Estate Information Contact Jeff Elder www.jeffelder.ca