Where to Find Affordable Homes in Ontario. As a top realtor in the GTA, I am aware that buying a home in the Greater Toronto Area (GTA) has become increasingly challenging due to rising home prices and high mortgage rates. I have made an extensive post about the increasing costs of development and the affordability crisis in the GTA. A recent poll by the Toronto Sun found that nearly half of aspiring homeowners in Ontario have almost given up on homeownership. If you’re feeling the same way, there’s some good news! If you have a remote job or are open to exploring beyond the GTA, there are still affordable housing optionsavailable in Ontario.
Ingersoll, Paris, and Tillsonburg are three hidden gems offering a high quality of life, strong communities, and more affordable real estate compared to Toronto, Brampton, Mississauga, Vaughan, and Oakville. Let’s explore these towns, their advantages, and what to consider before making a move.
Why Look Beyond the GTA?
While the GTA offers proximity to major employers, transit networks, and diverse communities, affordability remains a major concern. Here’s why many homebuyers are considering more remote locations:
- Lower Home Prices: Properties in smaller towns can be $200,000–$400,000 cheaper than similar-sized homes in the GTA.
- Better Work-Life Balance: More green space, less traffic, and a slower pace of life can improve overall well-being.
- Growing Work-From-Home Trend: With many jobs offering remote or hybrid work options, living far from the city is more feasible than ever.
1. Ingersoll: Affordable and Family-Friendly
Located about 150 km from Toronto (a 90-minute drive), Ingersoll offers affordability, strong community ties, and a peaceful lifestyle.
Real Estate Market:
- Median Home Price: $670,532 (Feb 2025)
- Average Household Income: $88,000
- Unemployment Rate: 3.8% (55% lower than the national average)
Why Consider Ingersoll?
- Affordability: Home prices are significantly lower than in the GTA.
- Strong Manufacturing Industry: The CAMI Assembly Plant is a major employer.
- Tight-Knit Community: A small-town vibe where neighbors know each other.
Things to Consider:
- Limited Job Market: Many residents commute to London or Woodstock for work.
- Fewer Entertainment Options: While the town offers parks and community events, nightlife and dining options are limited.
2. Paris: “Canada’s Prettiest Little Town
If you’re looking for charm, Paris, Ontario is a picturesque town 100 km from Toronto (a 90-minute drive). Known for its scenic rivers, historic buildings, and vibrant community, it’s a great place for families and professionals.
Real Estate Market:
- Median Home Price: $572,388 (March 2024)
- Average Household Income: $112,000
- Unemployment Rate: 3.8%
Why Consider Paris?
- Stunning Natural Beauty: Located at the meeting of the Grand and Nith Rivers.
- Charming Downtown: Unique local shops, cafes, and restaurants.
- Proximity to Kitchener & Hamilton: Easy access to bigger job markets.
Things to Consider:
- Rising Home Prices: Paris is growing in popularity, making real estate prices trend upward.
- Limited Local Employment: Many residents work in nearby cities like Kitchener or Hamilton.
3. Tillsonburg: A Hidden Gem for Families & Retirees
Located 150 km from Toronto (a 2-hour drive), Tillsonburg is a great option for first-time homebuyers, families, and retirees looking for a quiet, affordable lifestyle.
Real Estate Market:
- Median Home Price: $572,388 (March 2024)
- Average Household Income: $87,600
- Crime Rate: 7% lower than the national average
Why Consider Tillsonburg?
- Affordable Housing: A great entry point into homeownership.
- Safe Community: Crime rates are lower than in most major cities.
- Family-Oriented Lifestyle: Great schools, parks, and recreational activities.
Things to Consider:
- Limited Shopping & Entertainment: Fewer malls, cinemas, and restaurants.
- Commuting for Work: Most professionals work in London or other nearby cities.
Where to Find Affordable Homes in Ontario: Is Moving Beyond the GTA Right for You?
If home affordability is your top concern, exploring towns like Ingersoll, Paris, and Tillsonburg can be a smart move. Each town offers something unique:
- Ingersoll is perfect for those seeking affordability and a close-knit community.
- Paris is ideal for those who love charming, historic towns with natural beauty.
- Tillsonburg is great for families and retirees looking for a peaceful lifestyle.
Before You Move, Consider:
- Commute & Job Opportunities: Can you work remotely, or will you need to commute?
- Community & Lifestyle: Does the town offer the amenities and environment you want?
- Real Estate Trends: Are home prices rising or stable?
Looking to Buy a Home in Ontario?
Navigating the housing market can be overwhelming, but having the best realtor in GTA in your corner can make things easier. Whether you’re looking in the GTA or beyond, I can help you find the right home that fits your budget and lifestyle.
Contact me today at savith@mankidy.com for expert real estate advice!
