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
Celebrations, protests take place on Canada Day in Ottawa
Thousands of people wearing red and white and waiving Canadian flags packed downtown Ottawa to celebrate Canada's 155th birthday on Friday, while groups of protesters popped up around Parliament Hill to protest COVID-19 vaccines and federal restrictions.

'It's recent': Survivor reflects on last Sask. residential school closing 25 years ago
It's been 25 years since Saskatchewan's last residential school closed, but some are still healing.
Biden intends to nominate a conservative, anti-abortion lawyer to federal judgeship, Kentucky Democrats say
U.S. President Joe Biden intends to nominate an anti-abortion Republican lawyer to a federal judgeship, two Kentucky Democrats informed of the decision say.
'Summer of recovery': Pandemic-stricken tourism industry sees signs of optimism
Canada Day has kicked off the unofficial start of summer, and the tourism sector is hopeful the first season in three years largely free of COVID-19 restrictions will marshal a much-needed boost for a pandemic-stricken industry.
'You do not want this' virus: California man with monkeypox urges others to get vaccinated
A California man has posted a widely-shared video in an attempt to educate people about the monkeypox virus outbreak, to encourage people to get vaccinated if they're eligible and to make it very clear: 'You do not want this.'
West Vancouver retiree heading back to Ukraine to help abandoned animals
When Dan Fine returned from his first trip volunteering at animal shelters on the Polish-Ukrainian border in late April, he immediately felt compelled to return to continue helping pets that have been left behind in the war.
'We have to build bridges': Canadian singer Chantal Kreviazuk on Ukraine, reconciliation
Moving toward reconciliation doesn't come from jumping 'the queue to perfection,' but by building bridges and trusting one another, Canadian singer-songwriter Chantal Kreviazuk told CTV News Channel during Canada Day celebrations in Ottawa on Friday.
The Canadian flag in the context of 'Freedom Convoy' and residential schools
In the wake of last year’s discoveries of unmarked graves at residential schools and the prominent displays of the Canadian flag during 'Freedom Convoy' protests, some Canadians are re-evaluating the meaning of the national symbol.
'Not going to happen in our lifetime': First-time homebuyers share their struggles with purchasing a home
A recent survey shows nearly 50 per cent of Canadians who rent expect to do so forever. As rising interest and inflation rates contribute to a sense of pessimism among first-time homebuyers in Canada, some are sharing their struggles with purchasing their first house.