Buy House Toronto May 2026

The income and down payment required vary significantly based on the property type: : Average Price : $1,613,066 Minimum Income : $322,613

: In Toronto, a 5% deposit is standard and usually due within 24 hours of an offer being accepted. buy house toronto

: Beyond the mortgage, remember to account for property taxes, maintenance (especially for older Toronto homes), and closing costs . The income and down payment required vary significantly