Ontario's residential property landscape has evolved over the last decade. In 2013, 74% of homes in Ontario had a home value of under $500K, while 91% had a value of $750K or less.
By 2018, only 48% of homes had a home value under $500K and 74% of homes could be purchased for under $750K.
In 2023, homes under $500K could be found in communities like Sudbury, Sault Ste. Marie, North Bay, Thunder Bay and Windsor.
Today, there is still a strong supply of homes under $750K in communities outside of the GTHA, like Barrie and Peterborough. As buyers expand their search for homes across the province, options are also available in cities such as London, Kingston and Ottawa.
Ontario
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