Some good news for Ontario: the province, on the whole, is booming in terms of income right now. But don't think Toronto incomes are in the same boat. A survey released on February 24 by Statistics Canada shows that the 6ix's median after-tax income has declined, bucking the provincial trend.\nStatsCan's report, published on Monday, looks at changes and trends in income across the country between 2017 and 2018, which is when the data was collected.\nAccording to the report, via Better Dwelling, Toronto’s income fell to $68,600 back in 2018, down 2.97% from 2017.\nThat might not seem too large a drop, but it's in stark contrast to the provincial rate. On the whole, Ontario actually saw a rise to $66,200, up by 3.28% in 2017.\nSo Toronto's median income is still larger than the provincial rate, but the gap has been closed dramatically.\nThe 6ix's fall also comes after it had made its biggest increase in over 30 years back in 2017.\nAccording to HuffPost Canada, income inequality has actually started going down in Canada thanks to policies that are made to help low-income earners, like raising the minimum wage.\nThere has reportedly been some debate as to whether or not these hikes actually cause more harm than good to the economy.\nStatsCan via Better Dwelling\nA chart by Stats Can via Better Dwelling shows the percent change in the median after-tax income of families and unattached individuals for Toronto and Ontario.\nThe 6ix's fall comes in the face of drastic changes in Toronto's housing market. Over the last year, house prices in the city jumped by more than most people earn in an entire year.\nStatsCan via Better Dwelling\nIt was also found that the cost of living in Toronto is far more than what an average Canadian makes.\nIs that really that surprising? We'll let you make up your mind.\nMeanwhile, if we were to compare province to province, Albertans are actually making around $10,000 more on average than other Canadians across the country.\nThe full Statistics Canada report can be found here.