PROVINCIAL POLICY STATEMENT - HOUSING TABLE

Table 1: HOUSEHOLD INCOMES AND AFFORDABLE HOUSE PRICES, 2015

Income 20th Affordable Income 30th Affordable Income 40th Affordable Income 50th Affordable Income 60th Affordable
Regional Market Area Percentile Price Percentile Price Percentile Price Percentile Price Percentile Price
Ontario $33,200 $124,000 $45,600 $170,000 $58,400 $218,000 $72,600 $270,500 $88,800 $331,500
City of Toronto $27,400 $102,000 $39,000 $145,500 $50,600 $189,000 $63,800 $238,000 $79,600 $297,000
Central $34,500 $128,500 $48,000 $179,000 $61,800 $230,500 $77,200 $288,000 $94,800 $353,500
Regional Municipality of Peel $41,900 $156,000 $56,100 $209,500 $69,700 $260,000 $84,800 $316,500 $101,300 $378,000
Regional Municipality of Durham $43,500 $162,500 $58,000 $216,000 $72,700 $271,000 $88,700 $331,000 $105,500 $393,500
Regional Municipality of Halton $48,300 $180,000 $65,100 $243,000 $82,800 $309,000 $100,600 $375,000 $120,900 $450,500
Regional Municipality of York $45,300 $169,000 $62,100 $231,500 $79,500 $296,500 $97,400 $363,500 $116,300 $433,500
County of Simcoe $35,900 $134,000 $47,500 $177,000 $60,300 $225,000 $73,800 $275,000 $88,800 $331,500
District Municipality of Muskoka $32,500 $121,500 $43,100 $161,000 $54,900 $204,500 $66,300 $247,000 $79,600 $297,000
Eastern $34,500 $128,500 $47,000 $175,500 $59,900 $223,500 $73,700 $275,000 $89,500 $334,000
City of Cornwall $28,500 $106,500 $38,100 $142,500 $48,400 $180,500 $60,100 $224,000 $72,200 $269,000
County of Hastings $29,200 $109,000 $39,100 $145,500 $48,500 $181,000 $59,300 $221,500 $71,400 $266,500
City of Kawartha Lakes + Haliburton $32,400 $120,500 $41,700 $155,500 $51,900 $193,500 $63,100 $235,000 $74,700 $278,500
City of Kingston $30,800 $115,000 $41,700 $155,500 $54,100 $202,000 $67,400 $251,500 $83,300 $310,500
County of Lanark $34,700 $129,500 $46,200 $172,000 $59,900 $223,500 $71,400 $266,500 $86,200 $321,500
UC of Leeds and Grenville $32,800 $122,500 $44,200 $165,000 $55,400 $206,500 $68,400 $255,000 $82,400 $307,500
County of Lennox & Addington + PE Division $33,400 $124,500 $44,200 $165,000 $54,900 $204,500 $66,600 $248,500 $78,300 $292,000
County of Northumberland $34,600 $129,000 $44,800 $167,000 $55,800 $208,000 $68,000 $253,500 $81,200 $303,000
City of Ottawa $39,900 $149,000 $55,500 $207,000 $70,700 $263,500 $87,100 $325,000 $105,300 $393,000
City of Peterborough $31,400 $117,000 $41,600 $155,000 $52,200 $194,500 $63,200 $235,500 $76,900 $287,000
UC of Prescott and Russell $35,800 $133,500 $48,600 $181,500 $64,100 $239,000 $78,500 $293,000 $95,500 $356,000
County of Renfrew $32,300 $120,500 $43,400 $162,000 $54,000 $201,500 $65,300 $243,500 $78,900 $294,000
Southwestern $31,500 $117,500 $43,000 $160,000 $54,500 $203,000 $67,300 $251,000 $82,200 $306,500
City of Brantford $30,200 $112,500 $41,500 $155,000 $52,000 $194,000 $65,200 $243,000 $78,900 $294,500
County of Bruce $34,400 $128,000 $45,000 $167,500 $57,000 $212,500 $72,500 $270,500 $88,500 $330,000
Municipality of Chatham-Kent $26,900 $100,000 $36,500 $136,500 $45,600 $170,000 $56,600 $211,000 $68,800 $256,500
County of Dufferin $40,000 $149,000 $55,300 $206,500 $69,900 $260,500 $84,400 $315,000 $99,600 $371,500
County of Grey $31,200 $116,500 $41,600 $155,000 $51,900 $193,500 $61,800 $230,500 $75,000 $279,500
County of Norfolk $34,400 $128,000 $44,100 $164,500 $55,200 $206,000 $67,400 $251,500 $81,300 $303,000
City of Hamilton $29,500 $110,000 $40,700 $152,000 $52,500 $195,500 $65,900 $246,000 $81,600 $304,500
County of Huron $33,000 $123,000 $41,700 $155,500 $52,200 $194,500 $63,500 $237,000 $76,200 $284,000
County of Lambton $30,300 $113,000 $41,700 $155,500 $53,400 $199,000 $67,500 $251,500 $82,500 $308,000
City of London $29,000 $108,000 $40,200 $150,000 $51,400 $191,500 $63,400 $236,500 $78,500 $292,500
Regional Municipality of Niagara $31,500 $117,500 $42,300 $158,000 $52,500 $196,000 $64,200 $239,500 $77,500 $289,000
County of Oxford $34,100 $127,000 $45,600 $170,000 $56,800 $211,500 $69,100 $257,500 $84,400 $314,500
City of St. Thomas $30,000 $112,000 $41,600 $155,000 $53,000 $197,500 $65,800 $245,500 $78,400 $292,500
City of Stratford $35,800 $133,500 $45,600 $170,000 $57,700 $215,000 $69,000 $257,000 $84,500 $315,500
Regional Municipality of Waterloo $36,500 $136,000 $49,300 $184,000 $62,100 $231,500 $76,200 $284,500 $91,700 $342,000
County of Wellington $37,700 $140,500 $50,300 $187,500 $63,500 $236,500 $78,600 $293,000 $95,100 $354,500
City of Windsor $28,700 $107,000 $39,900 $149,000 $51,500 $192,000 $64,000 $238,500 $78,700 $293,500
Northeastern $28,600 $106,500 $39,500 $147,500 $50,400 $188,000 $62,300 $232,500 $76,600 $285,500
Algoma DSSAB $27,000 $100,500 $35,000 $130,500 $43,900 $163,500 $52,400 $195,500 $62,500 $233,000
City of Greater Sudbury $30,700 $114,500 $43,700 $163,000 $55,400 $207,000 $68,300 $255,000 $83,700 $312,000
Cochrane DSSAB $29,700 $110,500 $40,600 $151,500 $53,200 $198,500 $65,700 $245,000 $80,700 $301,000
Manitoulin - Sudbury DSSAB $27,400 $102,500 $38,000 $141,500 $48,600 $181,000 $58,100 $217,000 $71,700 $267,500
Nipissing DSSAB $26,500 $99,000 $38,100 $142,000 $49,500 $184,500 $61,400 $229,000 $75,700 $282,000
Parry Sound DSSAB $28,900 $108,000 $38,200 $142,500 $49,100 $183,000 $61,000 $227,500 $72,000 $268,500
Sault Ste. Marie $28,500 $106,500 $39,100 $146,000 $49,700 $185,500 $61,800 $230,500 $76,700 $286,000
Timiskaming DSSAB $25,200 $94,000 $34,400 $128,000 $43,800 $163,500 $54,000 $201,500 $65,500 $244,500
Northwestern $29,700 $111,000 $41,400 $154,500 $52,600 $196,000 $64,700 $241,500 $78,600 $293,000
Kenora DSSAB $29,800 $111,000 $41,500 $155,000 $52,700 $196,500 $65,200 $243,000 $79,600 $297,000
Rainy River DSSAB $28,400 $106,000 $40,300 $150,000 $51,300 $191,000 $60,800 $227,000 $72,100 $269,000
Thunder Bay DSSAB $29,800 $111,000 $41,400 $154,500 $52,900 $197,500 $65,200 $243,500 $79,100 $295,000
Assumptions:
Gross Debt Service (GDS) = 30.0% of Gross Household IncoDown Payment= 5.0%
Property Taxes= 0.125% of House Value/Month Mortgage Rate= 4.67%
Mortgage Insurance Factor = 0.000105 of House Value/Month Mortgage Rate Factor= 0.0056296
Amortization Years = 25 Years

Notes:
1. Prices are based on data from Statistics Canada (Incomes from Census 2011, CPI survey), CMHH (Mortgage Insurance Rates) and Bank of Canada (Mortgage rates).
2. In the PPS, a regional market area refers to an area, generally broader than a lower tier municipality, that has a high degree of social and economic interaction.
3. In southern Ontario, the upper or single tier municipality will normally serve as the regional market area.
4. Where a regional market area extends significantly beyond upper or single tier boundaries, it may include a combination of upper, single and/or lower-tier municipalities.
Contact: Davidson Omole * Housing Division * (416) 585-6314 * [email protected]