What $1 million gets you in real estate markets across Ontario
Both the Canadian and Ontarian real estate markets saw a record-breaking first quarter in 2022, with housing prices reaching new heights and sellers remaining well-positioned.
As of March, the average price of an Ontario home was $1,052,920. In the Greater Toronto Area, the average price is sitting at $1,269,900.
The Greater Toronto Area isn't the only area breaking real estate records in the first quarter of the year either — prices of detached homes in the four Golden Horsehsoe communities — Barrie, Cambridge, Kitchener-Waterloo and Oshawa — all surpassed $1 million for the first time.
The rise in prices is indicative of a larger national trend. Since last year, the national average home price climbed by more than 20 per cent to hit a record $816,720 in February.
With so many price tags hovering around the $1-million mark, buyers might be wondering how far a budget of that amount could get them across Ontario’s real estate markets.
Well, it depends on where you’re looking.
Here are a selection of Ontario real estate listings for under $1 million.
TORONTO
117 North Bonnington Ave can be seen above. (RE/MAX)
Address: 117 North Bonnington Avenue, Toronto, ON.
Property type: Townhouse
Asking price: $999,900
Bedrooms: Three
Bathrooms: Two
KITCHENER
22 - 93 Gage Ave can be seen above. (RE/MAX)
Address: 22 - 93 Gage Avenue, Kitchener, ON.
Property type: Condo
Asking price: $829,000
Bedrooms: Three
Bathrooms: Three
WINDSOR
533 Mountbatten Crescent can be seen above. (RE/MAX)
Address: 533 Mountbatten Crescent, Windsor, ON.
Property type: Detached home
Asking price: $999,900
Bedrooms: Four
Bathrooms: Three
NORTH BAY
59 Janey Avenue can be seen above. (RE/MAX)
Address: 59 Janey Avenue, North Bay, ON.
Property type: Detached home
Asking price: $779,900
Bedrooms: Five
Bathrooms: Three
OTTAWA
711 Spring Valley Drive can be seen. (Google Maps)
Address: 711 Spring Valley Drive, Ottawa, ON.
Property type: Detached home
Asking price: $999,900
Bedrooms: Four
Bathrooms: Three
NIAGARA-ON-THE-LAKE
23 Windsor Circle can be seen above. (RE/MAX)
Address: 23 Windsor Circle, Niagara-On-The-Lake, ON.
Property type: Townhouse
Asking price: $999,900
Bedrooms: Four
Bathrooms: Four
THUNDER BAY
2316 Falconcrest DrIve can be seen above. (RE/MAX)
Address: 2316 Falconcrest Drive, Thunder Bay, ON.
Property type: Detached home
Asking price: $969,000
Bedrooms: Four
Bathrooms: Four
HEARST
908 Halle Street can be seen above. (RE/MAX)
Address: 908 Halle Street, Hearst, ON.
Property type: Detached home
Asking price: $750,000
Bedrooms: Four
Bathrooms: Two
LONDON
1177 Crumlin Sideroad can be seen above. (RE/MAX)
Address: 1177 Crumlin Side Road, London, ON.
Property type: Detached home
Asking price: $999,000
Bedrooms: Five
Bathroom: Three
BARRIE
207 Dunsmore Lane can be seen above. (RE/MAX)
Address: 207 Dunsmore Lane, Barrie, ON.
Property type: Detached home
Asking price: $999,000
Bedrooms: Six
Bathrooms: Four
With files from CP24’s Chris Fox.
CTVNews.ca Top Stories
Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
BREAKING Canucks goalie Thatcher Demko won't play in Game 2
The Vancouver Canucks will be without all-star goalie Thatcher Demko when they face the Nashville Predators in Game 2 of their first-round playoff series.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.