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HOME
|
2009 Housing Prices
|
Type |
Price |
Qualifying
Household Income* |
|
Standard Two-Storey |
$512,500 |
$124,000 |
|
Detached Bungalow |
$428,100 |
$103,400 |
|
Townhouse |
$363,800 |
$87,200 |
|
Condo |
$287,300 |
$70,300 |
|
* Based on a 25% down
payment and a 25-year mortgage loan at a five-year fixed rate
-excluding maintenance fees.
Source: RBC.
April, 2009. |
|
Date |
Average House Price |
|
2008 Forecast |
$380,000 |
|
2009 Projected |
$364,800 |
|
Source: Royal LePage. 2009. |
|
¤
Calgary
¤
Edmonton
¤
Montreal
¤
Ottawa
¤
Saskatoon
¤
Vancouver
¤
Winnipeg
|
|
Average Rent for Two-Bedroom
Apartments in 2007
$1,061 per month
Source: Canada Mortgage
and Housing Corporation. 2007.
|
|
|
2007 Average expenditure per household
|
Concept |
Annual Amount |
|
Food |
$7,943 |
|
Shelter |
$18,688 |
|
Household Operation |
$3,909 |
|
Transportation |
$10,086 |
|
Personal Taxes |
$21,036 |
|
Source: Statistics
Canada. 2008. |
|
|
Public Transportation
|
|
Ticket |
Monthly Pass |
|
Regular |
$2.75 |
$109.00 |
|
Senior/Student |
$1.85 |
$91.25 |
|
Source: Toronto
Transit Commission. 2009. |
|
|
2005 Average Car Insurance in
Ontario
$2,383.64 per year
Source: Car Test .ca
|
|
2008 Minimum Wage
$8.75 per hour
non-immigrant and immigrant
FAMILY INCOME in toronto
|
Family Type |
Median Family Income |
|
2000 |
2005 |
|
Non-immigrant |
$90,569 |
$92,453 |
|
Immigrant |
$68,565 |
$66,377 |
|
Difference |
$22,004 |
$26,076 |
|
Source: Statistics Canada, 2008. |
|
|
Consumption Taxes
In Toronto, two different taxes are
applied to products and services. The federal Goods and Services Tax (GST)
is 6%, while the Provincial Sales Tax (PST) is set at 8% and applies to
the selling price including the GST. Some items including groceries,
restaurant meals, and books are PST exempt.
|
|
|
2007 Federal Income Tax
|
Net Income |
Tax |
|
Basic Personal Amount |
0% |
|
Up to $37,885 |
15% |
|
Up to $72,769 |
22% |
|
Up to $123,184 |
26% |
|
Over $123,184 |
29% |
|
Source: Canada
Revenue Agency. 2008. |
|
|
|
|
|
|
2007 Provincial Income Tax
|
Net Income |
Tax |
|
Basic Personal Amount |
0% |
|
Up to $36,020 |
6.05% |
|
Up to $72,041 |
9.15% |
|
Over $72,041 |
11.16% |
|
Source: Ontario
Government. 2008 |
|
|
|
|
|
|
2006
TOTAL VIOLENT Crime Rate
738 per 100,000 population.
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www.canadaimmigrants.com |
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