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Dear <<First Name>>,
While we love Toronto and the GTA, sky-high prices have left many looking outside of the centre of the universe to find a new home. Thankfully, there’s more affordability in the province’s real estate market than Toronto-area prices show.
If purchasing a shed near Trinity Bellwoods for $1.8 million doesn’t appeal to you, trust that first: you’re not alone, and second: you have options. While the city’s rental marketis making a case for tenants, average home prices are expected to continue to rise; for many homebuyers, lands beyond the GTA beckon.
Six That Aren’t The 6ix
Below are six of Ontario’s most affordable real estate markets right now. Home prices are set based on CREA’s June 2020 year-to-date average price.
6. Barrie
- Average Home Price: $570,612
- Annual Income Required for Purchase: $73,654
5. Peterborough
- Average Home Price: $505,998
- Annual Income Required for Purchase: $69,072
4. Niagara
- Average Home Price: $493,007
- Annual Income Required for Purchase: $66,317
3. Windsor
- Average Home Price: $383,521
- Annual Income Required for Purchase: $52,192
2. Sudbury
- Average Home Price: $297,938
- Annual Income Required for Purchase: $33,749
1. North Bay
- Average Home Price: $286,114
- Annual Income Required for Purchase:: $39,893
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