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
Canada 'already past due' on NATO defence spending target: U.S. House intelligence committee chair Mike Turner
The chair of the United States House intelligence committee says Canada needs to accelerate its defence spending targets, especially with its military in 'desperate' need of investment.
Scurvy resurgence highlights issues of food insecurity in Canada's rural and remote areas
A disease often thought to only affect 18th century sailors is reemerging in Canada.
Lotto Max jackpot hits $80M for second time ever
The Lotto Max jackpot has climbed to $80 million for just the second time in Canadian lottery history.
Four convicted in Spain over homophobic murder that sparked nationwide protests
Four men were convicted on Sunday in connection with the homophobic murder of a 24-year-old nursing assistant that sparked nationwide protests.
Nova Scotia Tories appear safe with close battle for second between Liberals and NDP
With two days left before Nova Scotians elect their next government, polls suggest Progressive Conservative Leader Tim Houston's decision to call an early vote will pay off and the real battle will be between the Liberals and NDP for second place.
School bullies have moved online. But is banning all under-16s from social media really the answer?
The Australian government introduced what it's called 'world-leading' legislation in parliament this week to wipe social media accounts – including Snapchat, TikTok, Facebook, Instagram, Reddit and X – from the devices of children under 16.
After Trump's Project 2025 denials, he is tapping its authors and influencers for key roles
After being elected the 47th president on Nov. 5, Donald Trump is stocking his second administration with key players in the Project 2025 movement he temporarily shunned.
Police thought this gnome looked out of place. Then they tested it for drugs
During a recent narcotics investigation, Dutch police said they found a garden gnome made of approximately two kilograms of MDMA.
Trudeau calls violence in Montreal 'appalling' as NATO protest continues
Anti-NATO protesters gathered again in Montreal on Saturday to demand Canada withdraw from the alliance, a day after a demonstration organized by different groups resulted in arrests, burned cars and shattered windows.