Toronto Home Affordability Income Requirements TL;DR Average required household income: over $215,000–$220,000, depending on home type. Detached homes typically need $230K+; semis around $170K–$210K; condos start at $110K–$137K. Toronto ranks as “impossibly unaffordable,” with nearly 54 percent of income going to housing costs Stress tests, down payments, and mortgage rates all...