Toronto is undeniably one of the prime locations for Canada real estate investment. As the capital of Ontario and Canada’s largest city, Toronto boasts a diverse economy, strong job market, and a growing population, all of which contribute to the sustained demand for real estate.
Ontario, as a whole, offers a compelling landscape for real estate investment due to its resilience and consistent growth, but where should you choose to invest in the area? Keep reading to find out!
- Durham Region
Durham Region, bordering Lake Ontario, beckons Canada real estate investors with its serene parks and affordable housing. Comprising eight municipalities it stands out for its budget-friendly options in the GTA. Despite being smaller, it makes the list as one of the best places in Canada for investment with a median home price reaching $1.2 million.
- North Bay
North Bay offers affordability that remains unmatched for the cheapest real estate in Canada. Even with recent substantial price increases, including a remarkable 90% surge over five years, this city continues to stand out as one of the best places in Canada for homeowners, investors, and those seeking an accessible entry into the housing market.
- Sault Ste. Marie
Sault Ste. Marie, easily one of Ontario’s fastest-growing cities, has solidified its position as an attractive destination for Canada real estate investment. The affordability of housing options gained significant attention, with benchmark prices peaking at $320,700 in May 2022 and maintaining levels above $300,000. This surge in interest was primarily driven by out-of-town buyers, and the local market remained notably active throughout the summer months. The future for Sault Ste. Marie continues to look bright as 2023 comes to an end.
Sudbury, like several other cities in northern Ontario, continues to face housing demand that outpaces supply. For the duration of 2023 the market has been more balanced than the previous years, providing much needed relief to buyers and prime for Canada real estate investors.
Top real estate developer in Ontario, Canada
At Conder Developments, Inc. we stand as the trusted real estate developer in the Greater Toronto Area (GTA), setting industry standards since our establishment in 2002. Our unwavering commitment to sustainability and timely real estate development has solidified our reputation as a dependable partner in the ever-evolving Ontario market, helping you invest in real estate in the best places in Canada.
With a focus on environmental responsibility and economically sustainable projects, we have consistently delivered excellence in both small and large-scale developments for Canada real estate investors. Contact us today to chat with us to learn more about the best, cheapest real estate in Canada