What Kind of Job Do You Need to Own a Home in Brampton?
Published February 8, 2017 at 2:45 am
The rising cost of living has some GTA millennials moving back into their parents’ basements and others opting out of Toronto and Mississauga for a more affordable city: Brampton.
The rising cost of living has some GTA millennials moving back into their parents’ basements and others opting out of Toronto and Mississauga for a more affordable city: Brampton.
Boomerang kids aside, 2011 Census data shows the median age in Brampton is 34.7, while the average gross family income is $93,817.
But what exactly does one need to earn annually to be able to buy a home here? What types of jobs do Brampton residents hold?
Figures are from the Toronto Real Estate Board’s January 2017 statistics, while salary estimates are from the Canadian Business 2016 rankings and Glassdoor.ca.
Videos
Condo – apartment
Average price:
$302,059
Examples of Jobs:
Social worker ($67K), marketing coordinator ($44K).
Condo – townhouse
Average price:
$432,935
Examples of Jobs:
Nurse Practicioner ($75K), high school teacher ($78K), power plant operator ($68K).
Attached row house (townhouse)
Average price:
$579,999
Examples of Jobs:
Civil engineer ($80K), physiotherapist ($75K), construction manager ($80K).
Semi-detached
Average price:
$612, 977
Examples of Jobs:
Police officer ($82K), finance director ($130K), lawyer ($88K).
Detached
Average price:
$785,746
Examples of Jobs:
Pharmacist ($100K), senior government manager ($95K).
For those banking more than six-figures apiece, luxury homes were going for an average price of $1.3 million, with 33 homes selling for more than a million last month in Brampton.
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