If you want to purchase a home in 2021 without hurting your wallet, you might want to start looking in the cheapest Ontario cities.
RE/MAX has released its Canadian Housing Market Outlook for 2021, and it's not all doom and gloom.
As it turns out, there are plenty of cheap spots to live in the province, so long as you don't mind moving out of the 6ix.
Average residential price in Thunder Bay
According to the report, the top six cheapest places to live in Ontario in 2021 will be Thunder Bay, North Bay, Sudbury, Windsor, Cornwall and London.
North Bay will see homes sell for an average of $305K, while Sudbury will see $327K.
It appears the further north you go, the cheaper the real estate becomes.
A factor that could seem appealing to those looking to avoid densely populated areas in the wake of the pandemic.
Toronto, which is low on the list of cheap options, could see an average of a whopping $974K by next year.
RE/MAX is reporting that younger people, in particular, could be looking to leave their current neighbourhoods for greener pastures.