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 is heading towards a recession, but it will be moderate and short: RBC
Canada is headed towards a moderate recession, but the economic contraction is expected to be short-lived compared to previous recessions, economists with Royal Bank of Canada predict.
One scandal too many: British PM Boris Johnson resigns
Prime Minister Boris Johnson announced his resignation Thursday amid a mass revolt by top members of his government, marking an end to three tumultuous years in power in which he brazenly bent and sometimes broke the rules of British politics.
Hospital 'nightmare' in B.C. for Quebec patient denied surgery: father
A Quebec man who fell and broke his jaw, cheekbone and a bone around his left eye while visiting British Columbia says his surgery was cancelled after he was told his home province “won't pay” for the procedure.
Canada elections commissioner reviewing information related to Conservative allegations against Brown
The Commissioner of Canada Elections' office says it has received and is reviewing information related to the allegations raised by the Conservative Party of Canada that now-disqualified leadership contender Patrick Brown's campaign violated federal election financing rules.
Here's who could replace Boris Johnson as U.K. prime minister
Boris Johnson was due to resign as Britain's prime minister on Thursday, bringing an end to a turbulent two and half years in office and triggering a search for a new leader.
Man pulled from burning car by five others on Ontario highway in 'heroic effort'
Five men are being hailed as heroes by the Ontario Provincial Police after saving a man from a burning vehicle on a Toronto-area highway earlier this week.
The next stage in the battle against COVID-19: bivalent vaccines
Several vaccine manufacturers are racing to develop formulas that take into account the more infectious Omicron variant now driving cases, while policymakers are laying the groundwork for another large-scale vaccine blitz.
Real estate agent: Many people 'desperate to sell right now'
As concerns grow that Canada's red-hot real estate market may be starting to cool, one real estate agent in Toronto says that some homeowners in the city are becoming increasingly 'desperate to sell right now.'
Some medical schools in Canada face cadaver shortage
With donations of cadavers falling, medical students may lack 'fundamental knowledge' of human anatomy, says a UBC medical professor.
Montreal
-
Quebec says new wave of COVID-19 'under control for the moment,' urges people to be 'vigilant'
As Quebec enters the seventh wave of COVID-19, the province's health minister says the situation is 'under control for the moment' but is urging residents to be vigilant.
-
Hospital 'nightmare' in B.C. for Quebec patient denied surgery: father
A Quebec man who fell and broke his jaw, cheekbone and a bone around his left eye while visiting British Columbia says his surgery was cancelled after he was told his home province “won't pay” for the procedure.
-
Supreme Court refuses to hear Pierre Karl Peladeau's challenge against his sister
The Supreme Court of Canada is refusing to hear the challenge by Pierre Karl Péladeau and his brother, Érik Péladeau, in a case concerning their father's inheritance against their sister, Anne-Marie Péladeau.
London
-
Foodland fire in Dorchester
Dorchester residents will have to make a longer drive to pick up groceries.
-
Frustrated and Fearful: B&E spree leaves businesses feeling helpless
A rash of recent break-ins at the northwest corner of Oxford Street. and Wharncliffe Road. in London has business owners pleading for action.
-
London has a new millionaire
A 47-year-old sheet metal worker from London is the city’s newest millionaire.
Kitchener
-
Arrest made in stabbing at University of Waterloo residence
A 19-year-old man is facing charges after a stabbing Wednesday night at a University of Waterloo residence.
-
$61 million in illegal cannabis seized from production sites in Kingsville
Essex County OPP say police have seized more than $61 million worth of illegal cannabis from two production sites in Kingsville.
-
More ER closures in Listowel and Wingham
Once again due to staff shortages, the emergency departments at both Listowel and Wingham hospitals will be closed overal several upcoming dates.
Northern Ontario
-
Four days of live music on Sudbury's Ramsey Lake
A popular Sudbury summer music festival kicks off its annual event celebrating five decades of live music, entertainment and workshops.
-
Man pulled from burning car by five others on Ontario highway in 'heroic effort'
Five men are being hailed as heroes by the Ontario Provincial Police after saving a man from a burning vehicle on a Toronto-area highway earlier this week.
-
Sault suspect accused of forcible confinement, tying victim’s hands
A 33-year old suspect in Sault Ste. Marie is facing numerous charges, including forcible confinement and uttering threats, following an incident Wednesday on Cunningham Road.
Ottawa
-
BREAKING
BREAKING | Banff Avenue shooting victim dies in hospital
A 24-year-old man shot on Banff Avenue in the city’s south end on Tuesday has died.
-
Bluesfest is back today after two years of COVID-19 cancellations
Fans will be packing into the grounds at LeBreton Flats tonight for the first in-person Bluesfest since 2019.
-
Ottawa senior says he lost life savings investing with company now facing fraud charges
An Ottawa senior citizen says he lost his life savings after investing with a real estate development firm that has been charged with fraud.
Windsor
-
$61 million in illegal cannabis seized from production sites in Kingsville
Essex County OPP say police have seized more than $61 million worth of illegal cannabis from two production sites in Kingsville.
-
Windsor/Essex County Humane Society reports over 900 animals surrendered
More animals are being surrendered to the Windsor/Essex County Humane Society this year.
-
Police locate missing Orford Township man
Police in Chatham-Kent are looking for the public’s assistance in locating a man who has been reported missing.
Barrie
-
HAPPENING NOW
HAPPENING NOW | Crews battle house fire in Orangeville
Emergency crews are battling a house fire in Amaranth Township Thursday.
-
'Not a speedway,' Mississauga driver charged with stunt driving in Town of Mono
Officers in Dufferin County say they nabbed an out-of-town motorist speeding nearly double the limit along Airport Road.
-
Huge donation helps Huntsville Hospital
Long-time friends Linda McBurney and Rosemary Bolitho enjoyed their summers at their Lake of Bays cottage.
Atlantic
-
Body found after suspected drowning in Dartmouth
The body of a man who went missing from King’s Wharf in Dartmouth Wednesday night has been found.
-
Person in hospital with serious injuries following Halifax shooting: police
A person has been taken to hospital with serious injuries following a shooting in Halifax Wednesday night.
-
Former crew say goodbye to storied research ship Hudson, as replacement awaited
The Canadian Coast Guard is saying goodbye to a storied research vessel today and looking for a replacement to carry out the science projects the ship has hosted for the past six decades.
Calgary
-
Yahoo! Calgary Stampede ramps up with first pancake breakfasts, Sneak-A-Peek
With the first full-scale Calgary Stampede rapidly approaching, some Calgarians are getting into the spirit a little early.
-
'Pent up demand': Calgary Stampede returns with parade, spectators and no limits
The rides are going up, concession stands are waiting, stuffed animals are displayed at games tables and the Calgary Stampede is raring to go Friday in its first return to full capacity since the start of the COVID-19 pandemic.
-
WEATHER
WEATHER | Calgary faces storms ahead of Stampede Sneak-A-Peek
Significant storm risk in Alberta Thursday afternoon; Calgary included.
Winnipeg
-
Suspicious death of Manitoba man now ruled a homicide: RCMP
Officers with the Manitoba RCMP said what they once were investigating as a suspicious death has now been deemed a homicide.
-
One scandal too many: British PM Boris Johnson resigns
Prime Minister Boris Johnson announced his resignation Thursday amid a mass revolt by top members of his government, marking an end to three tumultuous years in power in which he brazenly bent and sometimes broke the rules of British politics.
-
'We need people to work': Manitoba hotel industry experiencing labour shortage
Following years of struggle brought on by the COVID-19 pandemic, the Manitoba hotel industry is experiencing a new issue – labour shortages.
Vancouver
-
2.64M B.C. drivers still waiting for gas rebate announced in February
Millions of drivers are still waiting for their rebate cheques issued when gas prices reached record highs in British Columbia, and although prices continue to climb, they shouldn't expect anything more in the mail.
-
Hospital 'nightmare' in B.C. for Quebec patient denied surgery: father
A Quebec man who fell and broke his jaw, cheekbone and a bone around his left eye while visiting British Columbia says his surgery was cancelled after he was told his home province “won't pay” for the procedure.
-
Surrey drivers warned of hours-long road closure after hydro pole crash
Surrey drivers may need to alter their route in to work Thursday morning due to a car crash involving a hydro pole.
Edmonton
-
Live weather updates: Risk of severe thunderstorms, potential for tornadoes
With a risk of severe thunderstorms and potential for tornado development, CTV News Edmonton's meteorologists Josh Classen and Cory Edel will keep you updated throughout the day here.
-
Oilers unveil new, but classic, jerseys
The Oilers are going back to the original royal blue and orange look the team wore during the 80s dynasty.
-
Josh Classen's forecast: High risk of severe storms later today
It's setting up to be a very active day across central and north-central Alberta with a high risk of severe storms late this afternoon and this evening.