Disposable income is the key and the stats Canada says that one needs to make around 40 bucks an hour to afford to live in GTA, now let’s take that the top 2% make more than 200k a year and not all are hobbyists
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I friend I know make 240k family income and bought a place in Toronto 2 yeas ago , he is paying around 6.5k on mortgage itself while their after tax income is 11.5 k /month ,
We were at my place last week and he was casually joking that will have to drive Uber now , it has come to that point