Barrie tops other Ontario cities in price growth
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"Many people are fleeing the city and province for lower-priced real estate, which is causing boom in other places.
Home prices are increasing across Ontario, notes the March edition of the Semi-Annual State of the Housing Market report from Mortgage Professionals Canada.
"Price growth across Ontario has been rapid, with Toronto stealing most of the headlines," the report states. "But in fact, many other communities in the province are seeing higher growth, particularly the regions around Toronto."
Despite the skyrocket prices in Toronto, the city has among the lowest price growth over the last two years of major Ontario population centres. This doesn't mean prices aren't high, it just means they were already inflated and other cities are seeing bigger jumps.
Barrie tops the list with price growth coming in around 35 per cent in 2021, followed by London and Kitchener-Waterloo over 30 per cent. Kingston, Hamilton-Burlington, Oakville and Ottawa are all just under 30 per cent. Toronto's growth is one of the lowest on the list close to Mississauga at around 20 per cent growth."
"Many people are fleeing the city and province for lower-priced real estate, which is causing boom in other places.
Home prices are increasing across Ontario, notes the March edition of the Semi-Annual State of the Housing Market report from Mortgage Professionals Canada.
"Price growth across Ontario has been rapid, with Toronto stealing most of the headlines," the report states. "But in fact, many other communities in the province are seeing higher growth, particularly the regions around Toronto."
Despite the skyrocket prices in Toronto, the city has among the lowest price growth over the last two years of major Ontario population centres. This doesn't mean prices aren't high, it just means they were already inflated and other cities are seeing bigger jumps.
Barrie tops the list with price growth coming in around 35 per cent in 2021, followed by London and Kitchener-Waterloo over 30 per cent. Kingston, Hamilton-Burlington, Oakville and Ottawa are all just under 30 per cent. Toronto's growth is one of the lowest on the list close to Mississauga at around 20 per cent growth."