Four Ontario cities where housing has become more affordable (PHOTOS)

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Home sales in Canada fell for their fifth consecutive month in July, with the decline partly attributable to the Greater Toronto Area.

The area also “strongly influenced” the 5% decline in the national average house price seen last month, according to statistics from the Canadian Real Estate Association (CREA).

“July saw a continuation of the trends we have been watching unfold for a few months now; sales are falling and prices are falling in some relatively more expensive parts of the country as well as in places where prices have risen the most over the past two years,” said CREA President Jill Oudil.

The latter case was predicted in a report published in June by Desjardins Economic Studies. The report predicted that communities within a few hours drive of Toronto, where prices have risen more than 70% during the pandemic, would see prices and sales decline the most and fastest.

As the trend now unfolds in real time, real estate agency Zoocasa has rounded up four Ontario markets where housing has become more affordable, along with several properties for sale in each region. Check them out below.

Mississauga

Home prices in Mississauga have been falling since May, Zoocasa said, including a 5.3% decline between June and July. The reference price in the city is now $1,130,900.

81 – 55 Barondale Drive | $879,900

Sutton Quantum Realty Group

  • Townhouse
  • 3 rooms
  • 3 bathrooms
  • 1,200 to 1,399 square feet
  • 2 parking spaces

409 – 1000 Cedarglen Gate | $699,000

Real estate companies RE MAX

  • Condominium
  • 3 rooms
  • 2 bathrooms
  • 1,200 to 1,399 square feet
  • 1 parking space

1906 – 4011 Brickstone Mews | $679,990

Golden Life Realty

  • Condominium
  • 1 bedroom
  • 1 bathroom
  • 700 to 799 square feet
  • 1 parking space

Cambridge

A commuter’s paradise just outside the GTA, home prices in Cambridge have risen dramatically during the pandemic, but fell 3.4% from June to $791,700.

206 – 150 Water Street North | $439,000

Century 21 Heritage House

  • Condominium
  • 1 bedroom
  • 1 bathroom
  • 679 square feet
  • 1 parking space

68 Wood Grove Crescent | $774,900

Real Estate Executives Advantage

  • Individual house
  • 3 rooms
  • 2 bathroom
  • 1,350 square feet
  • 3 parking spaces

50 Bechtel Street | $850,000

RE/MAX Twin City Realty

  • Bungalow
  • 3 rooms
  • 4 bathrooms
  • 4 parking spaces

Gray Bruce Owen Sound

Located on the shores of Georgian Bay, many city dwellers have flocked to vacation spots like Collingwood, Owen Sound and Wasaga Beach during the pandemic. Prices in the region have been falling for two months, however, with the current benchmark price at $603,900.

1570 9th Avenue East | $399,900

Chestnut Park Real Estate Limited

  • Individual house
  • 3 rooms
  • 1 bathroom
  • 1,086 square feet
  • 6 parking spaces

1661 8th Avenue East | $575,000

Ron Hopper Real Estate

  • Individual house
  • 3 rooms
  • 1 bathroom
  • 1,440 square feet
  • 4 parking spaces

264 East 4th Street | $649,000

Sutton – Sound Realty

  • Individual house
  • 4 bedrooms
  • 1 bathroom
  • 1,900 square feet
  • 3 parking spaces

Quinte West and Hastings County

Recently named one of the best places to buy real estate in Canada, Quinte West has also seen a flurry of activity during the pandemic. In July, the reference price reached $582,000.

52 John Street | $425,000

Real Estate Bancroft

  • Individual house
  • 2 bedrooms
  • 1 bathroom
  • 1,200 square feet
  • 6 parking spaces

372 Church Road | $510,000

Reva Real Estate

  • Individual house
  • 2 bedrooms
  • 1 bathroom
  • 20 parking spaces

174 Paradise Landing | $569,000

Bullet Real Estate

  • Individual house
  • 3 rooms
  • 1 bathroom
  • 1,300 square feet
  • 10 parking spaces
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