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Ontario Quick Statistics
Population:13.2 million
Largest Ontario Cities:
Toronto: 2.5 million
Ottawa: 812,000
Mississgauga: 668,500
Hamilton: 504,000
Others: Brampton, London, Kitchener

Ontario:
Ontario is a Province of Canada named after Lake Ontario and is home to Toronto, which is the most populous city in Canada. Holding an abundance of natural resources, Ontario has been able to make the manufacturing industry a fundamental generator of its income.† Toronto, the capital of Ontario, is the focal point for Canadaís financial services and banking industry. Ontario is often divided into two regions, Northern Ontario and Southern Ontario with most of the cultivable land as well as the population located down south.

Notable Areas:

Greater Toronto Area
The Greater Toronto Area is the largest metropolitan area in Canada with a population size of over 7.45 million people. Covering over 4,000 square miles of land, this metro area contains expansive farmlands and forestry.† Toronto is well-recognized as the cultural hub of Canada and is home to six publicly funded community colleges and the University of Guelph-Humber. For those looking to make a real estate investment, the Greater Toronto Area has a wide array of opportunities to choose from. The Greater Toronto Area has seen a record level of activity this year with the number of sales reaching the six digits for the first time. Toronto has seen over 178,000 new listings of real estate properties in 2010 with the average home price being about $444,400.

Ottawa
Ottawa is located in Ottawa Valley, which is in the eastern portion of Southern Ontario surrounding Ottawa River. With a population size exceeding 800,000 people, Ottawa is the second largest city in Ontario and the fourth largest city in Canada. What was once a disorderly logging town in the backcountry is now a major metropolis with many urban and suburban areas flourishing within the city limits. MLS sales have been consistently growing in Ottawa over the past few years, and the city has been seeing significant growths in home sales during the year 2010. Single family home development had increased by 44% during the first four months of 2010; however, this trend is predicted to stabilize in the urban downtown area. Nonetheless, homebuyers will still plenty of options within the growing suburban regions.† The average Ottawa home price is about$322,000.

Hamilton
Hamilton is a port city located at the west end of the Golden Horseshoe, which is the densely populated region surrounding the Greater Toronto Area. With a population size that exceeds 500,000 people, Hamilton is the third largest city in Ontario.† Home builders in the Hamilton Metro Area made plans to build nearly 3,000 new single-detached homes in 2009, and the inventory of unsold newly developed homes have been low during the year 2010. The demand for new homes, particularly townhouses have been going strong during the past couple of years. Hamilton is a relatively affordable option within the Province of Ontario with the average home price being around $315,000.

Ontario Real Estate Market Snapshot

Ontario Real Estate Market
Households: 11.9 million
Single-Detached House: 4.5 million
Average Ontario Home Sales Price: $324,000

The Greater Toronto, Ont. Area Real Estate Market (2010)
MLS Sales: 101,000
MLS New Listings: 178,500
MLS Average Price: $444,400
Average Single Detached House Price: $603,000
Median Single Detached House Price: $514,000

London, Ont. Real Estate Market (2010)
MLS Sales: 8,700
MLS New Listings: 15,700
MLS Average Price: $219,500
Average Single Detached House Price: $333,000
Median Single Detached House Price: $320,000

Hamilton, Ont. Real Estate Market (2010)
MLS Sales: 13,600
MLS New Listings: 18,600
MLS Average Price: $315,000
Average Single Detached House Price: $420,000

Kingston, Ont. Real Estate Market (2010)
MLS Sales: 3,500
MLS New Listings: 6,850
MLS Average Price: $248,800
Average Single-Detached House Price: $281,000
Median Single-Detached House Price: $279,500

Ottawa, Ont. Real Estate Market (2010)
MLS Sales: 15,850
MLS New Listings: 22,500
MLS Average Price: $327,000
Average Single-Detached House Price: $419,000
Median Single-Detached House Price: $394,500

 

Education/Income:

Ontario Average Income by Level of Education:
University Bachelorís Degree: $55,982
Median Total Income (2008): $62,500

Kingston-Ont Average Income by Level of Education:
Below Bachelorís Degree: $29,900
University Bachelorís Degree: $50,000
Above Bachelors Degree: $69,200

Toronto, Ont Average Income by Level of Education:
Below Bachelorís Degree: $31,600
University Bachelorís Degree: $57,600
Above Bachelors Degree: $73,400

Hamilton-Ont Average Income by Level of Education:
Below Bachelorís Degree: $32,900
University Bachelorís Degree: $57,000
Above Bachelors Degree: $71,400

Kitchener, Ont. Average Income by Level of Education:
Below Bachelorís Degree: $33,200
University Bachelorís Degree: $55,000
Above Bachelors Degree: $69,000

 

London, Ont. Average Income by Level of Education:
Below Bachelorís Degree: $31,250
University Bachelorís Degree: $51,500
Above Bachelors Degree: $71,800

Ottawa-Gatineau-Ont/Que Average Income by Level of Education:
Below Bachelorís Degree: $32,500
University Bachelorís Degree: $57,000
Above Bachelors Degree: $73,000



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