Toronto

Best Places To Buy a Home in Ontario 2020

Wondering the best places to buy a home in Ontario? Ontario is the most desirable province in Canada with over 13.6 million people. It houses several prestigious cities and small towns. It is the second-largest province in the country located in central Canada. It is the economic hub of Canada thus it houses all kinds of industries. Ontario houses Niagara Fall, which is on the border with New York State.

On average, residents earn one of the highest in Canada, with the cost of living high particularly housing costs. Ontario is home to a strong modern service and information economy with a firm manufacturing base. Some of the best places to buy a house in Ontario include:

  1. Toronto
  2. Ottawa
  3. Hamilton
  4. Windsor
  5. Guelph
  6. St. Catherines
  1. Toronto

Toronto is the provincial capital of Ontario and the most populous city in Canada with 6,197,000 residents. Toronto is a big city and home to a diverse group of people. It is a cultural hub filled with museums, parks, and architectural artifacts. Toronto is a safe and fun place to buy a house as residents have access to recreational facilities like zoos, art galleries, sports centers, etc.

There are several job prospects in the city; the city’s economy is fuelled by different sectors such as technology, tourism, food services, education, art, and fashion, etc. Procuring a single-detached house in Ontario cost $1,144,800; a townhouse cost $649,400, while an apartment cost $582,700.

Toronto is prominent for its skyscrapers and high-rise building especially the tallest free-standing building in the Western Hemisphere, the CN Tower. The cost of living in Toronto is quite expensive especially anywhere close to downtown.

Rent rates in Toronto are among the highest in Canada, other monthly expenses like groceries, transit, phone plans are pricy as well. The average income per household is around 189,000 CAD yearly, salaries range from 25,600CAD – 838,000 CAD including housing, transportation, and other benefits.

  1. Ottawa

Ottawa is a safe and accommodating city that stands on the south bank of the Ottawa River in the eastern portion of southern Ontario. It is an above-average city with 1,393,000 people yet still affordable.

For a city of its size, Ottawa has a low crime rate of 3,900 incidents per 100,000. There are several job prospects available for residents and immigrants looking to relocate. The average cost of a detached house in Ottawa is $501,201, while the average rent for a 3-bedroom is $2,479.

Cost of living is quite affordable depending on the location, renting an apartment can cost between $700-1400 monthly or higher. Getting groceries and eating out is a bit more expensive. The average income per household yearly is around 181,000 CAD. Salaries range from 24,500 – 801,000CAD, which includes housing, transportation, and other benefits.

Ottawa boast of the most educated population among other Canadian cities, it houses numerous post-secondary research, and cultural institutions like the National Arts Center, and the National Gallery. Ottawa’s economy thrives on tourism and healthcare, the major employer of labor is the public service of Canada and the high-tech industry.

  1. Hamilton

Hamilton is one of the friendliest cities in Ontario, it houses several post-secondary institutions. The city’s economy is fueled by the manufacturing sector. Hamilton is currently one of Canada’s major industrial centers. It’s iron and steel industry has developed to become Canada’s largest steel. The average cost of a house in Hamilton is $535,944, while in Stoney Creek is $553,039.

Life in Hamilton is easy, this is due to the good transport system, and residents can commute easily to other cities. There are several job opportunities in Hamilton with no major safety issues. The cost of living is relatively affordable, a 1-bedroom apartment for rent cost $1,000, phone bill $50, internet $69 monthly.

Hamilton is an industrialized city in the Golden Horseshoe at the west end of Lake Ontario. It is a port city in the Canadian province of Ontario with a population of 767,000 people. It has the same vibe with Toronto and Ottawa though with much less of the hustle and bustle.

Residents have access to several amenities ranging from universities to hospitals, museums, parks, etc. Due to its proximity to the U.S border, it allows residents to be both a Canadian and a United States citizen.

  1. Windsor

Windsor is a city close to Detroit being Canada’s most Southernmost city. It is a culturally diverse city with a population of 336,082 residents and affordable house prices.

The average home price in Windsor is $335,898 which is beneath the national average of $529,000 recorded by the Canadian Real Estate Association (CREA).

The average rent for a 3-bedroom house is $1,463. This city is on the rise and now is a good time to procure/invest in affordable housing prices alongside growing rental rates.

  1. Guelph

Guelph also referred to as the “Royal City” is a manufacturing city with the least unemployment rate in Canada. With a population of about $134,842 people, the city has a strong economy alongside a university with over 21,000 students.

These are appealing features the city presents to investors or immigrant looking to settle/procure a house in Guelph. The average price of a detached home in Guelph is $565,042, while the average rent for a 3-bedroom house is $2,300. Located 60 minutes from Toronto and 45 minutes from Hamilton, Guelph is an outstanding city to buy a house in because it is an attractive place to reside.

  1. St. Catherines

Located squarely between Buffalo, New York, and Hamilton, St. Catherines is the largest city in the Niagara zone with a population of 416,000. Also known as the “Garden city”, St. Catherines houses 1,000 acres of parks, trails, and gardens. It is also home to world-class wineries.

The average price of a detached house in St. Catherines $403,300, while the average rent for a 3-bedroom house is $1,499. Affordability is one of the perks of St. Catherines; it is also home to Brock University which houses over 19,000 students. St. Catherines is a good place to buy a house in 2020 due to the increasing demand for home from both residents and students.

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