Ontario housing market: What $1 million will get you

Both equally the Canadian and Ontarian actual estate markets noticed a document-breaking first quarter in 2022, with housing prices achieving new heights and sellers remaining nicely-positioned.

As of March, the normal value of an Ontario residence was $1,052,920. In the Bigger Toronto Place, the common rate is sitting at $1,269,900.

The Better Toronto Place is not the only spot breaking real estate documents in the first quarter of the yr either — prices of detached houses in the 4 Golden Horsehsoe communities — Barrie, Cambridge, Kitchener-Waterloo and Oshawa  — all surpassed $1 million for the first time.

The increase in price ranges is indicative of a larger sized national trend. Considering the fact that final 12 months, the nationwide average residence value climbed by a lot more than 20 for each cent to strike a document $816,720 in February.

With so lots of price tag tags hovering all-around the $1-million mark, buyers may well be wondering how significantly a budget of that sum could get them throughout Ontario’s actual estate markets.

Nicely, it relies upon on in which you’re hunting.

Here are a variety of Ontario authentic estate listings for under $1 million.


117 North Bonnington Ave can be observed above. (RE/MAX)

Address: 117 North Bonnington Avenue, Toronto, ON.

House kind: Townhouse

Inquiring selling price: $999,900

Bedrooms: Three

Bathrooms: Two


22 – 93 Gage Ave can be witnessed higher than. (RE/MAX)

Handle: 22 – 93 Gage Avenue, Kitchener, ON.

Property sort: Apartment

Asking value: $829,000

Bedrooms: Three

Bathrooms: 3


533 Mountbatten Crescent can be observed earlier mentioned. (RE/MAX)

Deal with: 533 Mountbatten Crescent, Windsor, ON.

Assets variety: Detached house

Asking price tag: $999,900

Bedrooms: Four

Bathrooms: 3


59 Janey Avenue can be witnessed higher than. (RE/MAX)&#13

Tackle: 59 Janey Avenue, North Bay, ON.

Assets kind: Detached home

Inquiring rate: $779,900

Bedrooms: Five

Loos: 3


711 Spring Valley Travel can be observed. (Google Maps)

Address: 711 Spring Valley Push, Ottawa, ON.

House kind: Detached property

Asking value: $999,900

Bedrooms: 4

Bogs: 3


23 Windsor Circle can be noticed above. (RE/MAX)&#13

Tackle: 23 Windsor Circle, Niagara-On-The-Lake, ON.

Property sort: Townhouse

Asking price tag: $999,900

Bedrooms: 4

Loos: 4


2316 Falconcrest Generate can be noticed earlier mentioned. (RE/MAX)&#13

Deal with: 2316 Falconcrest Generate, Thunder Bay, ON.

Home type: Detached home

Asking value: $969,000

Bedrooms: Four

Loos: 4


908 Halle Road can be observed higher than. (RE/MAX)&#13

Handle: 908 Halle Avenue, Hearst, ON.

Assets variety: Detached residence

Asking cost: $750,000

Bedrooms: Four

Bathrooms: Two


1177 Crumlin Sideroad can be noticed above. (RE/MAX)

Tackle: 1177 Crumlin Facet Highway, London, ON.

Home form: Detached home

Inquiring selling price: $999,000

Bedrooms: Five

Bathroom: A few


207 Dunsmore Lane can be viewed over. (RE/MAX)

Handle: 207 Dunsmore Lane, Barrie, ON.

Property style: Detached home

Asking cost: $999,000

Bedrooms: 6

Loos: 4

With information from CP24’s Chris Fox.