What Kind of Job Do You Need to Own a Home in 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.


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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