Here's how much money you need to make per year to afford a house in Toronto Imagine a Toronto where the incomes of regular people rose as fast as housing prices? Where young couples weren't forced to sink most of their money into a landlord's boat payments? And newcomers could actually live within an hour's bus ride of where they work? That would be nice, but the captains of industry must maintain their exorbitant bonuses somehow. I mean, what's a capitalist society without an unsustainable wealth gap? I'm certain we'll all find out eventually... but for now, the vast majority of Torontonians who weren't born into old money (or didn't buy property more than two decades ago) can either somehow significantly boost their incomes, continue renting forever, or leave the city.