Simcoe County Community Listed As Most Affordable City In Ontario
STUDY LOOKED AT HOME PRICES, UNEMPLOYMENT RATE AND POPULATION GROWTH
Courtesy of Barrie 360 & Ian MacLennanPublished: Jun 13th, 2023
Wasaga Beach has made a splash.
The Georgian Bay community, according to Zolo, an independent real estate marketplace, was the most affordable city in Ontario last month.
Zolo says it analyzed economic data for 180 Ontario cities by examining home prices, unemployment rates and population growth.
Wasaga Beach led the pack as the province’s most affordable city, with the average price for a home at $325,189. The average income is $91,900, and Zolo says homeowners will be able to pay off their purchase in just over 3.5 years.
The next three most affordable cities are in eastern Ontario – Nepean, Casselman and Ottawa.
Zolo also broke down the most affordable cities by size.
In the large category, the most affordable cites are Nepean, Ottawa and Kanata. The top medium-sized cities with populations between 30,000 and 100,000 on the list are LaSalle, near Windsor, followed by Stratford and Woodstock. The top three small cities on the list are Wasaga Beach, Casselman and Mount Forest.
Barrie ranked number 57 with an average price for a home at $755,532. The average income is $111,600, and Zolo says homeowners will be able to pay off their purchase in just under seven years.
New Liskeard, in northern Ontario, ranked as the least affordable in the province.
The average home price in New Liskeard is listed at $2,291,000 while the average household income is $92,000.
Zolo report: https://www.zolo.ca/blog/most-affordable-cities-ontario#the-complete-list-of-most-affordable-cities-in-ontario
TOP 10 LIST OF MOST AFFORDABLE CITIES
Wasaga Beach
Nepean
Casselman
Ottawa
Mount Forest
Kincardine
Napean
LaSalle
Ingersoll
Capreol
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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