These 15 Ontario cities will give you the best home values

Jul 5 2021, 9:58 am

Ontario can seem like a tough province to find affordable real estate in, but if you know what cities to focus on, there are plenty that offer great home values.

A new report from MoneySense and Zoocasa took a look at which cities across the country offer the best real estate value — a combination of affordability and appreciation — and Ontario dominated the list.

With recent real estate trends going the way they are, knowing what areas offer more affordable — yet still valuable — home options is more important than ever.

“More buyers are looking to upsize their homes and are looking to markets where it’s most affordable to do so,” said Zoocasa CEO and Broker of Record Lauren Haw. “As well, the ability to work from home has untethered many from living near business centres and has offered buyers the flexibility to relocate [farther afield] to markets they may not have previously considered.”

Below are the top 15 cities across Ontario that have the best home values in the province, according to the report.

1. Bancroft

  • Average home price: $292,733
  • One-year growth: 15%
  • Three-year growth: 78%
  • Three-year appreciation: $128,533

2. Woodstock-Ingersoll

  • Average home price: $433,383
  • One-year growth: 19%
  • Three-year growth: 67%
  • Three-year appreciation: $173,383

3. London-St. Thomas

  • Average home price: $463,433
  • One-year growth: 16%
  • Three-year growth: 77%
  • Three-year appreciation: $190,533

4. Tillsonburg

  • Average home price: $394,617
  • One-year growth: 15%
  • Three-year growth: 72%
  • Three-year appreciation: $164,817

5. Huron Perth

  • Average home price: $383,092
  • One-year growth: 16%
  • Three-year growth: 62%
  • Three-year appreciation: $145,892

6. Greater Moncton

  • Average home price: $200,267
  • One-year growth: 14%
  • Three-year growth: 33%
  • Three-year appreciation: $50,067

7. Quinte

  • Average home price: $359,925
  • One-year growth: 16%
  • Three-year growth: 53%
  • Three-year appreciation: $124,125

8. Grey Bruce-Owen Sound

  • Average home price: $346,317
  • One-year growth: 15%
  • Three-year growth: 54%
  • Three-year appreciation: $121,117

9. Simcoe

  • Average home price: $406,408
  • One-year growth: 15%
  • Three-year growth: 59%
  • Three-year appreciation: $150,508

10. Lakelands

  • Average home price: $416,525
  • One-year growth: 15%
  • Three-year growth: 49%
  • Three-year appreciation: $137,225

11. Ottawa

  • Average home price: $502,242
  • One-year growth: 18%
  • Three-year growth: 44%
  • Three-year appreciation: $154,342

12. Kawartha Lakes

  • Average home price: $444,650
  • One-year growth: 15%
  • Three-year growth: 49%
  • Three-year appreciation: $137,225

13. North Bay

  • Average home price: $242,892
  • One-year growth: 12%
  • Three-year growth: 20%
  • Three-year appreciation: $40,792

14. Brantford Region

  • Average home price: $463,308
  • One-year growth: 16%
  • Three-year growth: 42%
  • Three-year appreciation: $136,408

15. Southern Georgian Bay

  • Average home price: $460,608
  • One-year growth: 13%
  • Three-year growth: 51%
  • Three-year appreciation: $155,208

Laura HanrahanLaura Hanrahan

+ Real Estate
+ Urbanized
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT