• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Martin MacFarlane: Markham Real Estate Agent | Homes For Sale

Real estate agent specializing in Markham Real Estate. Call 905-471-2000 to find Markham houses with the best value.

905-471-2000
Serving Markham, Unionville Stouffville & surrounding GTA

  • Home
  • About
    • About Martin
    • Contact Martin
    • Recent sales
    • Testimonials
    • FAQs
  • MLS Listings
    • Markham Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • Over $1,000,000
      • Condos For Sale In Markham
    • Unionville Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • $1,000,000 & $1,500,000
      • Over $1,500,000
      • Condos For Sale In Unionville
    • Stouffville Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • Over $1,000,000
      • Condos For Sale In Stouffville
    • Search By Neighbourhood
    • Search By House Type
  • Neighbourhoods
    • Central Markham
      • Berczy Village
        • Neighbourhood guide
        • Berczy Village MLS listings
      • Bullock
        • neighbourhood guide
        • Bullock-Conservation MLS listings
      • Markham Village
        • Neighbourhood guide
        • Markham Village MLS listings
      • Markville
        • Neighbourhood guide
        • Markville MLS listings
      • Old Markham Village
        • Neighbourhood guide
        • Old Markham Village MLS listings
      • Raymerville
        • Neighbourhood guide
        • Raymerville MLS listings
      • Vinegar Hill
        • Neighbourhood guide
        • Vinegar Hill MLS listings
      • Wismer Commons
        • Neighbourhood guide
        • Wismer Commons MLS listings
    • East Markham
      • Box Grove
        • Neighbourhood guide
        • Box Grove MLS listings
      • Cedar Grove
        • Cedar Grove MLS Listings
      • Cornell
        • Neighbourhood guide
        • Cornell MLS listings
      • Greensborough
        • Neighbourhood guide
        • Greensborough MLS listings
      • Legacy
        • Neighbourhood guide
        • Legacy MLS listings
      • Sherwood Estates – Amber Glen
        • Neighbourhood guide
        • Sherwood – Amber Glen MLS listings
    • West Markham
      • Angus Glen
        • Neighbourhood guide
        • Angus Glen MLS listings
      • Buttonville
        • Neighbourhood guide
        • Buttonville MLS listings
      • Cachet – Devil’s Elbow
        • Neighbourhood guide
        • Cachet MLS listings
      • Cachet Woods
        • Neighbourhood guide
        • Cachet Woods MLS listings
      • South Unionville – Village Green
        • South Unionville – Village Green MLS Listings
      • Unionville
        • Neighbourhood guide
        • Unionville MLS listings
    • North Markham
      • Cathedraltown
        • Neighbourhood guide
        • Cathedraltown MLS listings
      • Rural Markham
        • Rural Markham MLS Listings
      • Victoria Manor – Jenning’s Gate
        • Neighbourhood guide
        • Victoria Manor – Jenning’s Gate MLS listings
      • Victoria Square
        • Victoria Square MLS Listings
    • South Markham
      • Cedarwood
        • Cedarwood MLS Listings
      • Middlefield
        • Middlefield MLS Listings
      • Milliken Mills East
        • Milliken Mills East MLS Listings
      • Milliken Mills West
        • Milliken Mills West MLS Listings
      • Rouge Fairways
        • Neighbourhood guide
        • Rouge Fairways MLS listings
      • Rouge River Estates
        • Rouge River Estates MLS Listings
    • Stouffville
      • Neighbourhood Guide
      • Stouffville MLS listings
  • Buy
    • First-Time Home Buyers
    • Buying Process
    • Why Buy With Martin?
    • Newcomers To Canada
    • Power Of Sale Listings
  • Sell
    • Pricing Your Home
    • Selling Steps
    • For Sale By Owner
    • Marketing Your Home
  • Market
    • How’s The Markham Real Estate Market Doing?
    • Neighbourhood Real Estate Reports
  • Resources
    • Agency Relationships
    • How Much Can I Afford?
    • Land Transfer Tax Calculator
    • Moving Checklist
    • Government Programs
  • Blog

Top Five Affordable Cities to Live in Ontario

November 5, 2021 By Martin MacFarlane Leave a Comment

In the last couple of years, especially in the wake of the pandemic, real estate properties have seen an incredible surge in prices in Ontario alone! Residents have preferred living in rural and suburban areas instead of near big cities so they can enjoy working from home (WFH).

In March of 2021 alone, the residential sales activity in Ontario accounted for more than 32,748 units which was an 84.3% increase. It also set a new record for the highest real estate sales in any month in history, if you can believe it.

So, now, new buyers all over Ontario are on a hunt to find affordable properties that they can purchase, whether to move up the chain or downsize.

Affordability

According to Zolo, a leading online marketplace for potential homebuyers, some data is to be analyzed. They found that the most crucial element in buying a home is affordability. To figure out the most affordable cities to buy real estate in Ontario, Zolo examined the average income of each city and then compared it to the average cost of a single-family home. They then obtained the home-to-price ratio, which helped determine how long it would take for buyers to pay off the entire house they purchased. Suppose a home has a home-to-price ratio of 8.3, then it means that it would take the average homeowner a little over eight years to pay off the entire house.

Thankfully, there are still some incredible options in the province for new buyers. So let’s get into it.

Top Five Affordable Large Cities 

  1. Windsor: 98.56
  2. London: 97.49
  3. Barrie: 97.06
  4. Kanata: 96.92
  5. Guelph: 96.22

Windsor happens to be the most affordable large city in all of Ontario as it has houses as cheap as $534,000 with a median household income of $82,840.

Top Five Affordable Medium-Sized Cities

  1. Sarnia: 99.15
  2. Thunder Bay: 98.58
  3. Sudbury: 96.54
  4. Stoney Creek: 96.84
  5. Sault Ste. Marie: 96.52

As far as the most affordable city goes, it would have to be the southwestern city of Sarnia, which has homes as cheap as $358,000 with a median home income of $91,592.

Top Five Affordable Small-Sized Cities

  1. Deep River: 93.46
  2. Rainy River: 91.62
  3. Smooth Rock Falls: 90.60
  4. Englehart: 88.93
  5. Marathon: 88.91

Deep River, situated along the Ottawa River, happens to be one of the most affordable small-sized cities in Ontario for real estate. The average cost of a house in the Deep River is $217,000, and the median household income is $100,343.

To make your next real estate investment decision easier, contact us at Martin McFarlane. Our experts can easily help you navigate the troubled waters of the real estate world and make a decision that benefits you and your family long-term.

Facebooktwitterredditpinterestlinkedinmail

Filed Under: Markham Real Estate Tagged With: buying a home in Markham, markham, markham community, markham events, markham home, Markham housing, Markham Real Estate

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Schedule A FREE HOME EVALUATION Now!

Selling A Home?

Selling a home in Markham

Buying A Home?

Buying a house in Markham
Market Insight
  • View recent sold prices
  • Average asking prices
  • How fast are homes selling
  • Is it a buyers or sellers market
Get it now!

Tweets by markhamREagent

Footer

Connect with me on:

Phone: 905-471-2000

Martin MacFarlane - Sales Representative - Sutton Group Heritage Realty Inc., Brokerage - Privacy Policy