Ontario Cities Just Got Ranked By Affordability And The Results Are Shocking

The price difference is getting insane.

Published September 24 2018

Updated September 24 2018 at 02:14 PM

@Willgregorashphotography and @Chrisstanley| Dreamstime

It's no secret that the province of Ontario has become a pricey area of the country to live in. From astronomical rent costs to massive down payments on homes, Ontarians definitely have it rough. Though, according to a new report, some cities in the province are a lot easier on your wallet compared to others.

While there are the serial offenders such as Toronto that regularly fleece both renters and property owners living in the GTA, you'll be surprised at how much it can cost to live in smaller cities, as well as how cheap it can be if you are determined to save money.

@harrychargtaembedded via

To figure out the most affordable places in the province, InSauga released a list that compiled a few statistics in order to figure out which places in Ontario were actually affordable. Average home prices, price to income ratios and median income data all went into determining the statistics below, which applies to single family households.

Via InSauga

The statistics mentioned being average home price and median income have a lot to do with affordability in general. For instance, someone with a higher income will find a more expensive house more affordable than someone whose income is lower.

Meaning this list isn't necessarily about the cheapest place to live in general, but what's the most affordable in relation to the population's average income. Now it's time to figure out how your city ranks!

@xbelloniembedded via