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 pledges funds as G7 develops response to famine fallout from Russian invasion
Canada pledged $50 million to prevent Ukrainian grain from going to waste on Sunday as Prime Minister Justin Trudeau committed to work with G7 nations on further measures to halt the famine caused by the Russian invasion of the embattled country.

Connecting Indigenous inmates to their culture: Grand Chief performs at Manitoba prison
Behind prison walls, National Indigenous People's Day was celebrated this month, with inmates at a Manitoba federal prison granted access to music, drumming and sharing circles — positive steps forward to reconnect Indigenous inmates with their culture and rehabilitate a group that is incarcerated at a disproportionate rate.
Hundreds of thousands celebrate return of Toronto Pride parade to downtown streets
Hundreds of thousands of people lined the streets of downtown Toronto on Sunday as the city's Pride parade returned for the first time in two years.
BREAKING | Colorado Avalanche win Stanley Cup, beat Tampa Bay Lightning 2-1 in Game 6
Colorado Avalanche win the 2022 Stanley Cup, beating two-time defending champion Tampa Bay Lightning 2-1 in Game 6.
Russia's invasion of Ukraine a 'turning point' in world history: defence chief
Canada's chief of defence says Russia's invasion of Ukraine is going to change the course of history.
Halifax scientists have a plan to capture carbon from the atmosphere using mining materials
A Dalhousie University team of scientists — in a joint venture with a company called Planetary Technologies — is now in the next phase of their research to use the power of the ocean to one day reduce the world’s carbon levels.
U.S. Ambassador Cohen on inflation, the convoy protests, abortion rights and gun control
David Cohen has been the United States' Ambassador to Canada since November 2021, and in the time since, both Canada and the United States have experienced a series of shared challenges. In an interview at his official residence in Ottawa, Cohen opens up about the state of the relationship.
Trump's lasting legacy grows as U.S. Supreme Court overturns Roe
The abortion decision in the U.S. marked the apex in a week that reinforced former U.S. President Donald Trump's ongoing impact in Washington more than a year and a half after he exited the White House.
Trudeau mocks 'bare-chested horseback riding' Putin as G7 leaders meet in Germany
Russian President Valdimir Putin was a target of mockery by leaders of the Group of Seven, as they sat around a table Sunday, commencing their three-day summit in Bavarian Alps, Germany.