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Ontario Mortgage Rates

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About Ontario

More About: Living In Ontario

Ontario is Canada's second largest province (it's over 4 times the size of the UK and almost 1/3 the size of India) and also the most populous province, with over 14 million residents. Here are some more fast facts about Ontario:

  • Ontario has more than 250,000 lakes, which contain about a third of the world's fresh water
  • Ontario offers everything from wilderness expeditions to urban excursions – the landscape is vast and varied (and so are the people!)
  • Ontario's thriving economy is supported by a variety of industries and generates approximately 37% of the national GDP
  • The capital city of Ontario is Toronto, Canada's largest city. Toronto has the largest variety of theatres and performing arts companies in Ontario, and the second largest in North America (second only to New York)
  • The average home price in Ontario is about $596,000 – that's almost $200,000 more than the national average
  • The Toronto/GTA housing market, with its soaring home prices, have skewed the provincial numbers. There are many other cities and towns in Ontario offering more affordable housing

FAQ: Everyone knows Toronto is the most expensive city in Ontario, but what is the cheapest?

Windsor is arguably the cheapest city to live in Ontario. Located just across the border from Detroit, MI, Windsor has many waterfront properties valued at just a fraction of the price of a Toronto home. Despite increases in recent years, the average price of a single-family home is still less than the national average.

Ontario Housing Statistics

Ontario is Canada's most populous, prosperous province and prices are reflected as such. However, with such a vast range of cities and landscapes, housing costs also vary largely within the province. 

Property Prices: High Quality of Life Index: High
Cost of Living: High Traffic Index: High
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