The average sale price of all residential properties in the Kitchener-Waterloo area was $759,115. That marks a 26.4 per cent increase over June of last year and a 2.6 per cent jump from May 2021.
The median home sales price is $374,900 as of the second quarter of 2021. Thats a 16.2% increase from a year ago, when the median was $322,600....Average home price in the United States: $374,900.YearMedian sales price of homes in the U.S.Mean sale price of homes in the U.S.2020$329,000$383,0008 more rows
Why is it so expensive to live in Toronto?
This is a simple case of supply and demand. As more baby boomers are staying put, the demand for single family homes in Toronto has increased sending prices up. In turn, the condo market has become the affordable option for many first-time buyers, subsequently putting the demand on Torontos condo market.
Is London Ontario a good city to live in?
Locals in London, Ontario will tell you that London is an ideal place to live and work. Its Canadas 11th largest city - meaning it offers plenty of opportunities for new business ventures. And its considered one of the best places in Ontario to raise a family.