Sign in
New Report Confirms You Won't Own A GTA Home Until You Make 6-Figures

If you're like me, you once dreamed of owning a home in your childhood neighbourhood. Maybe your favourite with red brick, white pillars and a wrap around porch. Or a huge garden and a in-ground pool. This is usually the image kids grow up thinking about - what to expect when they grow up. Who they'll be and where they'll live. 

Well according to these news stats from RedPin, we can kiss home ownership goodbye - at least, for a very very long time. Two separated real estate companies conducted their own studies to conclude that millennials will need to rake in some serious cash before ever owning a pair of house keys. The average cost of a detached home in Toronto is a cringe-worthy $1.15 million, meaning that you and your partner would have to be bringing in $200,000 to call the place your own.

And hey, maybe you don't want a house. You shrug, a condo's more your style. Well, the condo market isn't all that great either. The average cost of a GTA condo apartment is a whopping $511,000 - requiring an annual income on $92,925 to afford a monthly mortgage, taxes, utilities and condo fees. 

Semi-detatched or attached homes are a little less pricey at $864,228, but still require a yearly salary of $147,750. Actually, RedPin reports reveal that in order to buy a house in 22 of Toronto's municipalities, you have to at least be bringing in $150,000 - which isn't chump change at all. 

So yeah, buy that avocado toast. Looks like home-ownership is a luxury we can't afford right now. But $1 extra for guac? Definitely in the budget. 

Source: Toronto Star 

Toronto Liberal candidate Kevin Vuong has been asked to pause his campaign by the Liberal Party after a dropped sexual assault charge from 2019 has come to light.

The Toronto Star reported that Vuong was charged with sexual assault in 2019. However, according to the Toronto Star, the charge was withdrawn later that year.

Keep Reading Show less

Premier Doug Ford and Tim Hortons have a very special bond and he's proven it on multiple occasions.

Ford's relentless love of Tim Hortons has confused Ontario at times, from endorsing Smile Cookies to ending a COVID-19 press conference by gushing about their egg sandwiches.

Keep Reading Show less

While there are plenty of reasons to get vaccinated against COVID-19, some people can add extra cash to the list.

Some companies in Ontario are incentivizing their employees to get vaccinated by offering them extra money to do so.

Keep Reading Show less

Ontario Lottery Winner Scored Big After Playing The Same Numbers For 2 Years

"I replay the numbers each week and the numbers are made up of my birthday, my husband's birthday and our wedding date."


Consistency seems to be key when it comes to winning big after another Ontario lottery winner played the same numbers each week.

Sandra Kaspar, a 59-year-old from Ramara, won a Lotto 6/49 second prize for $75,791.20 in the August 7 draw after playing the same numbers for two years, according to OLG.

Keep Reading Show less