Are you thinking of buying a house? Check this out….

Danny Foresta July 22, 2022 9:35 am Last Updated on June 30, 2025 2:34 pm

An article from BLOGTO shared a list of the most ‘affordable houses’ across Canada. Thunder Bay made the Top 10.

Earlier this week, I also saw a story that a household income of $220,000 is required in order to purchase a home in Toronto. The average price of a home in the GTA is $1.2 million. Sure, you have access to major league sports, more concerts etc. But.. $1.2 million? Are you kidding me? I honestly don’t know how young families can even make a start in the Toronto area….if that’s what they choose.

Saguenay, Quebec is the ‘most affordable’ city in Canada, with the average price for a home around $267,000.

Thunder Bay was #7 on the list. Average home price: $358,000

Right now, the cost of borrowing for a house is higher, due to the higher interest rates. I remember my Dad telling me at one point (late 70s, early 80s) interest rates were close to 20%. Could you imagine?

If you factor house prices all across Canada, the average home price is about $800,000.

Danny Foresta

Danny Foresta was born and raised in Thunder Bay. He's worked in radio for over 30 years. Has spent the last 20 years in Morning Radio. Joined Acadia Broadcasting in 2021. He hosts "Mornings In The Bay" on 99.9 The Bay.
He enjoys all aspects of the radio industry. Danny is married to Lori, and has a son, Joseph in University.

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