‘A household needs to make over $236,000 a year to afford the "representative home" in Toronto, which sits on the market at $1,163,670. With that salary the report calculated it will take 304 months,roughly 25 years of saving for the required down payment’ https://toronto.ctvnews.ca/torontonians-need-to-save-for-about-25-years-to-buy-a-house-in-the-city-report-1.6428206