These Are the Most Affordable Housing Markets in Ontario

5 Most Affordable Housing Markets in Ontario
 
1 – Thunder Bay
Average Home Price: $227,750
Required Income: $31,067
Median Income: $66,163
Surplus: $35,096
 
2 – Sudbury
Average Home Price: $272,523
Required Income: $37,174
Median Income: $68,736
Surplus: $26,901
 
3 – Ottawa
Average Home Price: $433,684
Required Income: $59,158
Median Income: $85,981
Surplus: $26,823
 
4 – Whitby
Average Home Price: $632,395
Required Income: $86,264
Median Income: $103,809
Surplus: $17,545
 
5 – Waterloo
Average Home Price: $493,358
Required Income: $67,298
Median Income: $83,045
Surplus: $15,747
 
5 Least Affordable Ontario Housing Markets
 
1 – Richmond Hill
Average Home Price: $999,311
Required Income: $136,315
Median Income: $88,353
Income Gap: $47,962
 
2 – Toronto
Average Home Price: $785,223
Required Income: $107,111
Median Income: $65,829
Income Gap: $41,282
 
3 – Vaughan
Average Home Price: $997,587
Required Income: $136,079
Median Income: $105,351
Income Gap: $30,728
 
4 – Markham
Average Home Price: $875,182
Required Income: $119,382
Median Income: $89,028
Income Gap: $30,354
 
5 – Oakville
Average Home Price: $1,030,482
Required Income: $140,567
Median Income: $113,666
Income Gap: $26,901
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