Ontario appreciation rates and housing market information

Ontario housing market information

With 157,339 people, 45,124 houses or apartments, and a median cost of homes of $269,139, Ontario real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Ontario, accounting for 59.26% of the city's housing units. Other types of housing that are prevalent in Ontario include large apartment complexes or high rise apartments (19.36%), duplexes, homes converted to apartments, or other small apartment buildings (8.76%), row houses and other attached homes (8.04%), and a few mobile homes or trailers (4.41%).

People in Ontario primarily live in small (one, two, or no bedroom) single-family detached homes. Ontario has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ontario built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ontario built from 1940-1969 (34.95%). A lesser amount of the housing stock also hails from 1995 and later (4.96%), and some were built from 1939 and earlier (4.96%).

Ontario home appreciation rates

Real estate appreciation rates in Ontario have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.56% during the period.

Over the last year, Ontario appreciation rates have trailed the rest of the nation. In the last twelve months, Ontario's appreciation rate has been -28.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ontario were at 0.82%, which equates to an annual appreciation rate of 3.28%.

Relative to California, our data show that Ontario's latest annual appreciation rate is higher than 8% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ontario differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ontario - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Ontario real estate investment or home purchase decisions.