Ontario’s real estate market sees surge in condos valued under half a million
Lower-valued homes now account for nearly 24 per cent of Ontario’s real estate market, up from 17 per cent in 2022.
Houses in Ontario worth under half a million now consume a larger share of the province’s real estate market, driving a shift towards more condominiums, which has nearly doubled in recent years.
The Municipal Property Assessment Corp. published new data this week which found that lower-valued homes now account for nearly 24 per cent of Ontario’s real estate market, up from 17 per cent in 2022.
