Ready to have your mind blown? There are still some parts of Ontario where there are homes for sale for $200,000. And what’s even more surprising is that they’re closer to the GTA than you might think.

According to a new report by Point2 Homes, Kawartha Lakes is the only larger city in Ontario where more than 1% of all the homes for sale are less than $200,000.

The share of $200K listings in the region is around 4.8%, according to Point2 Homes, many of which are vacation homes and cottages.

For example, this three-bedroom single-family home in Kawartha Lakes costs $165,000. You can also buy up a cottage on a family-friendly lakefront resort with access to many amenities for $160,000.

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Waterloo also has a small portion of properties for around the same price range, at about 0.32% of its total listings, followed by Hamilton with 0.24% and Ottawa with 0.14%.

Atlantic Canada and the Prairies have far more options when it comes to affordable real estate. In fact, 44% of the homes for sale in Cape Breton, Nova Scotia cost $200,000 or less.

Regina’s percentage of homes for sale under $200K is 36.50%, followed by Lethbridge at 26.10% and Edmonton at 24.63%.

You’d be hard-pressed to find affordable homes like these anywhere in the GTA. Unless you’re willing to live in a houseboat in the Scarborough Bluffs, which you can buy for around $335,000.

If you’re looking for a bargain on your future home, perhaps it’s time to set your sights on Kawartha Lakes. At least you wouldn’t have to contend with 401 traffic!

Curiocity Staff

With a curated slate of what matters in your city, Curiocity presents you with the most relevant local food, experiences, news, deals, and adventures. We help you get the most out of your city and focus on the easy-to-miss details so that you’re always in the know.
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