Looking for some new real estate? We don’t need to tell you that these are crazy days when it comes to home buying in Ontario. Wherever you are in the province, we’ve seen some wild prices over the past year. Well, if you’re on the hunt for the most affordable options in the area, look no further. One of Canada’s most popular national real estate marketplaces, Zolo, just released its rankings of the most affordable places to buy a home in Ontario. No surprise – Toronto and the GTA did not make the cut.
So who did make the cut? We’re here to tell ya. But before we do, let’s going into a bit of the methodology that brought Zolo to their findings. They took a few factors into consideration when decided on the most affordable places in Ontario. For starters, there are the actual house prices. This one’s a no-brainer.
They also considered things like unemployment rates in the area and overall population growth. All of these factors gave each city a total score, which led to their ultimate rank on the list.
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Now the moment you’ve been waiting for. Drumroll, please…
Here are the top 10 most affordable cities in Ontario to buy a home right now (according to Zolo.ca) and their Average Home Prices (AHP):
- Windsor – AHP: $534,000
- London – AHP: $578,000
- Barrie – AHP: $713,000
- Kanata – AHP: $756,000
- Guelph – AHP: $761,000
- Hamilton – AHP: $830,000
- St Catherines-Niagara – AHP: $783,540
- Waterloo – AHP: $863,000
- Kingston – AHP: $777,000
- Kitchener – AHP: $757,000
Now keep in mind that the Average Home Price isn’t the only determining factor when it comes to the placement of a city on this list. This is why you see a few cheaper spots ranked lower when it comes to overall affordability.
So there you have it! If you’d like to read more about each city or the rankings in full, you can check them out at Zolo.ca. Now if you’ll excuse us, we’ve got some real estate shopping to do…