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ontario home prices

Homeownership is a dream that seems akin to winning the lottery in some Ontario cities these days. And its alternative, renting, is hardly a walk in the park.

Thankfully, not every provincial city in 2023 sells or rents homes for a fortune—shoutout to Toronto! Some are way more affordable.

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To rent or to buy? It's a question many Ontario residents are struggling with as the price of homes and rental rates continue to remain costly in the province.

Which is cheaper? According to the latest data from Point2Homes, that question is like asking what the difference between a rock and a hard place is in 2023. There's a difference, they just both suck.

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Dreams of home ownership have continued to fade for young people as they've watched GTA Housing Prices spike out of control and a new study shows just how tough it is for millennials to enter Ontario's housing market.

Facing an already high cost of living, the study compared how housing prices have climbed over the years in comparison to the typical salary for a millennial, which hasn't changed much at all.

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Have you been wanting to own a home in Toronto and simply can't afford it? Well, it might be time to widen your horizons and look for a house that you can actually buy in other cities in Ontario.

However, don't get your hopes up because the news isn't so great for people in the province compared to the rest of Canada.

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One of the biggest things renters-turned-homeowners are trying to do is get more living space. However, the pricey state of Ontario's real estate market isn't making it easy for millennials or zoomers.

According to a new report by Point2, Windsor currently offers the most space for your money in the province, with $300,000 getting you a respectable 980 square feet. A price of $306 per square foot, to be exact.

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