GTA families spend over 110 per cent of income on mortgages
Ontario families earning a median income now spend more than 50 per cent of their after-tax earnings on monthly mortgage payments, and more than 110 per cent if they reside in the Greater Toronto Area
Ontario families earning a median income now spend more than 50 per cent of their after-tax earnings on monthly mortgage payments, and more than 110 per cent if they reside in the Greater Toronto Area.
According to a new report from economic think tank the Fraser Institute, monthly mortgage payments range between 50.4 per cent (Ottawa-Gat…
