Moving to a new city means many adjustments for any person or family. You need to find new schools for the kids and a new workplace for yourself. You also will be moving into a new neighbourhood that likely comes with different home prices than you were used to back home. Each city in Canada has their own market conditions and ups and downs throughout the year. Here is how Kingston real estate compares to London Ontario real estate and other cities across the country.
The national average home listing price is currently just under $340,000. This is up from the previous year where the price was around $280,000. The average home price for a property in Kingston is well below the national average at $235,000. But, homes are currently in high demand in this growing city. Unlike many other locations, like Milton Ontario real estate, the average sales price is actually higher than the listing price at $242,000. While this is not a huge leap in price, it does mean that you should be prepared with a little more than the listing price should you be looking at real estate in the city.
Toronto prices of course top the list for high prices in Ontario. Homes from Rosedale Toronto real estate to waterfront condos are going for around the average price of $410,000. This still does not compare to the top prices in the country coming out of British Columbia's major cities. If you're moving from Kingston to Vancouver you will be looking at homes that are listed at closer to $625,000. Homes in Victoria are right behind them at $525,000. Calgary also sits above the national average at $395,000.
Those living on the east coast are currently experiencing the best home prices in the country. In Fredericton you can get a home for well under $150,000 in the current market. You won't find many properties for this price in Kingston or in Cornell Markham. Homes in Halifax are the most expensive in Eastern Canada but still sit well below the national average at near $250,000.
Ontario has the most diverse range of prices due to the number of people who choose to live in the Windsor-Quebec City corridor. For cities over the quarter of a million mark in terms of population you are looking to paying at least $300,000 for a good home. Homes in smaller towns like those in the 1000 Islands will be listed closer to the $225,000 mark. And of course, if you want that luxury Toronto waterfront condo you could be paying into the millions.
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