The average value for homes in Ontario was just revealed and it's actually lower than you might think. Taking into account the size, the state of housing and the market, the average house is valued at only 440,000 dollars.
Of course you will not find this surprisingly affordable price in Toronto a lot, but you do not have to go that far. In fact, the city of Hamilton is about one hour drive from Toronto one of the only places in Ontario where you can find over one hundred houses for less than the provincial average.
Hamilton is becoming a homebuyers paradise lately and now it's obvious why. With the provincial average revealed at $ 440K, it is clear that Hamilton has not only hundreds of homes for the price but also a little bit below that too.
These are also not condos, but rather real houses, both townhouses and villas. For example, in Hamilton there are at least 35 houses that are currently on the market for less than $ 300,000, almost all of them are completely loose.
Hamilton is even better for thousands of homebuyers and the extremely low housing prices are not the only reason for it. Back in 2016, demographics showed that millennia was actually the largest population in Hamilton. That means you would be in good company if you decided to move out there.
The city of Hamilton even has a homebuyers assistant program For lower income people who would look to buy property there. The program provides a forgivable loan for first-time buyers who currently rent in Hamilton and have a household income of less than $ 80,000, which in turn seems to be countered for thousands of millennia.
Hamilton can be the best place for thousands of homebuyers but it's not the only place with houses below the provincial average. You can also find affordable housing in places just outside of GTA like Keswick in the north and Oshawa in the east, among others.
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