GTA families spend over 110 per cent of income on mortgages! Ontario families earning a median income now spend more than 50 per cent of their after-tax earnings on monthly mortgage payments, and more than 110 per cent if they reside in the Greater Toronto Area. According to a new report from economic think tank the Fraser Institute, monthly mortgage payments range between 50.4 per cent (Ottawa-Gatineau) and 110.2 per cent (Toronto) of the local median after-tax family income when purchasing a typical house. 🇨🇦 #MarkCarneyCantBeTrusted 🇨🇦 🇨🇦 #SayingTheQuietPartOutLoud 🇨🇦 🇨🇦 #JustSayNoMore 🇨🇦 🇨🇦 #CarneyLies 🇨🇦 https://truenorthwire.com/2025/11/gta-families-spend-over-110-per-cent-of-income-on-mortgages