Toronto vs Wellington
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Toronto vs Wellington
Wellington is 24% more affordable for homebuyers. Toronto has a price-to-income ratio of 10.2x compared to 9.2x in Wellington.
| Metric | Toronto | Wellington |
|---|---|---|
| Avg Home Price | $680,000 | $520,000 |
| Price / sqm | $8,500 | $6,800 |
| Rent (1BR) | $2,200/mo | $1,600/mo |
| Rent (3BR) | $3,500/mo | $2,500/mo |
| Price-to-Income | 10.2x | 9.2x |
| Mortgage Rate | 5.2% | 6.8% |
| 1yr Change | -2.1% | -3.8% |
| Median Income | $67,000/yr | $57,000/yr |
| Population | 2,900,000 | 215,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Toronto or Wellington more expensive?
Wellington is more affordable. Home prices differ by $160,000 (24%).
Which city has cheaper rent, Toronto or Wellington?
Rent for a 1BR in Toronto is $2,200/mo vs $1,600/mo in Wellington.
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