Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments

Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments

In order to pay for a typical Ontario home, families earning the local median income need to devote more than 50% of their after-tax earnings to monthly mortgage payments if they live in the province’s 14 urban centers – and that share rises to more than 110% if they...