The average cost of shelter in Durham, includes monthly payments for mortgage or rent, as well as utilities, taxes, and other services or fees.
In 2014, the average cost for a resale home was $391,692 and the average monthly rent was $1,000. 25% of Durham residents spend more than 30% of their income on shelter costs.
In 2011, the average owner's major payment was $1,443 and the average gross rent in Durham Region was $955. This represents an average $100 increase in monthly owners' payments and an average $81 increase in gross rent compared to 2006.
Affordability among Durham Region's households has been fairly consistent since 1995. Households spending more than 30% of household income on housing ranged from a low of 22.6% in 2000 to a high of 26.5% in 1995. The percentage of households with an affordability problem (spending 30% or more of household income on housing) decreased slightly from 25.9% in 2005 to 25.0% in 2010.
Affordability is a much greater concern for tenant households. Households spending more than 30% of household income on rental housing ranged from 36.7% in Pickering to 44.6% in Clarington. By contrast, the number of owner households spending more than 30% of household income on ownership housing was lower, ranging from 16.3% in Scugog to 25.7% in Ajax.
Source: Durham Region Profile
Demographic and Socio-Economic Report
Planning and Economic Development Department
For more information about the cost of living in Durham Region, as well as other demographic and socio-economic facts, visit the Durham Region Planning Department webpage.