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The house price for Ontario is forecast to increase slightly in 2025, after declining by *** percent in 2023. From roughly ** Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to ** Canadian dollars in 2025. After British Columbia, Ontario is Canada's most expensive province for housing.

Ontario

Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2023 was an estimated **** million people. The median total family income in 2022 came to ** Canadian dollars. 

Ontario housing market

The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.