Heddle Real Estate - Royal LePage State Realty Brokerage

By Nada Jensen
Posted Monday, Sep 27, 2021 10:14 am

This is the latest small Ontario city where home prices are exploding

The average price of a home continues to climb not only in Toronto, but in cities and towns all over the province as demand remains strong among buyers for a detached property... pretty much anywhere.

Initially thought to be driven by young people leaving downtown Torontofor larger, cheaper homes from which to work remotely (the COVID-19 urban exodus, it's been called), this phenomenon only appears to be intensifying as Ontario slowly reopens.

Ridiculous housing prices almost seem to be spreading from Toronto outward, like some sort of infectious disease (ha), first impacting other GTA locales, and then smaller regions farther and farther down the highway.

Yes, this type of sprawl been happening for many years, but the pandemic appears to have kicked the widespread depreciation of affordable housing into overdrive. We've seen it in Oshawa, Hamilton, Burlington, Guelph, Peterborough and even all the way down in Windsor.

The latest mid-sized Ontario city to attract attention from industry experts is...[READ MORE]

Shared by the Heddle Real Estate team

Heddle Real Estate is an award-winning real estate team serving Hamilton, Ancaster, Stoney Creek, and the greater Niagara region with trusted expertise and a client-first approach.