The data show 15 cities across the country have homes listed for under this price point, compared to 12 cities last year. However, before home buyers get too excited, the share of listings under $200,000 hovers between zero and one per cent, with the exception of Waterloo and Kawartha Lakes in Ontario.
House hunters looking in the surrounding regions of Toronto and Vancouver also won't have much luck finding an affordable home. In the cities surrounding Vancouver, Surrey has two listings under the $200,000 mark, Richmond has one, while Burnaby and Coquitlam have none, according to the data. Further out, Abbotsford and Chilliwack have a combined three listings under $200,000.It should be noted that out of the top 50 most expensive cities nationwide, Waterloo, ON has the highest share of homes listed under $200,000 at 3.13 per cent, or a total of 10 homes. The benchmark price of a home in Waterloo was $748,200 in April.
Point2 says 35 of Canada's 50 largest cities have zero homes for sale under the $200,000 price point.
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Source: TheTorontoSun - 🏆 23. / 68 Read more »