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
NEW From yearning for a change to cost of living, why some Canadians have left or may leave the country
For some immigrants, their dreams of permanently settling in Canada have taken an unexpected twist.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
NEW Capital gains tax change 'shortsighted' and 'sows division' business groups tell Freeland
Forging ahead with increasing Canada's capital gains inclusion rate 'sows division,' and is a 'shortsighted' way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland.
Ontario man frustrated after $3,500 paving job leaves driveway in shambles
An Ontario man considering having his driveway paved received a quote from a company for $7,000, but then, another paver in the neighbourhood knocked on his door and offered half that rate.
Defence attacks Stormy Daniels' credibility as she returns to the stand in Trump's hush money trial
Stormy Daniels will return to the witness stand Thursday in Donald Trump's hush money trial as the defence tries to undermine the credibility of the porn actor's salacious testimony about their alleged sexual encounter and the money she was paid to keep quiet.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
What is whooping cough and should Canadians be concerned as Europe declares outbreak?
There is currently a whooping cough epidemic in Europe, with 10 times as many cases compared to the previous two years. While an outbreak has not been declared nationwide in Canada, whooping cough is regularly detected in the country.
Florida deputies who fatally shot U.S. airman burst into wrong apartment, attorney says
Deputies responding to a disturbance call at a Florida apartment complex burst into the wrong unit and fatally shot a Black U.S. Air Force airman who was home alone when they saw he was armed with a gun, an attorney for the man's family said Wednesday.
Air Canada ranks near bottom on customer satisfaction: survey
Air Canada ranks below most other major North American airlines on customer satisfaction, with airfares a particular sore point, according to a new survey.