There are still a few places in Ontario you can get a home for under $200k and here's where Ontario RealEstate
from Point2Homes shows that despite sky-high prices nationwide — which have stayed unaffordable even in the face of a market correction — there are a handful of places that still have some real estate listings under the $200,000 mark, though they represent only a sliver of what is for sale.
Surprisingly, of 50 large Canadian cities surveyed, the two with the highest percentage of cheap homes are in Ontario: Waterloo, which is less than a 1.5 hour fom T.O., and Kawartha Lakes, which is in cottage country but still less than a two hour trip away.
Also in the top 10 are Belleville, Hamilton, London, and Ottawa, Ontario, where 0.48, 0.34, 0.28 and 0.14 per cent of homes, respectively, are listed for under this figure. But, even if one would be hard-pressed to find a home for that low of a price on the market in these areas, they are better than the 35 cities with homes for sale below this price point.
Also worth noting is the average benchmark price for homes listed in the top 10 places on the list, which is as low as $607,200 in London and as high as $803,000 in Hamilton — still way under the 24 cities of the 50 largest in Canada where benchmark prices are higher than $1 million.. And unfortunately, Point2Homes doesn't have a good outlook for those hoping to one day nab a deal on a house not just in the 6ix, but anywhere in Canada.
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