Cornwall Tagged As An Affordable City in CanadaFebruary 28, 2023
Cornwall Ontario – Cornwall is a great choice for people looking for affordable housing in a full service community with a growing economy.
The latest organization to recognize that is Nesto, a digital mortgage services company who recently listed Cornwall as fourth in its list of affordable cities to live in Canada based on housing affordability, job growth, rental market affordability, and low cost of living.
“It is always nice to see Cornwall included on these types of lists, which helps generate interest in the city from people looking to relocate,” says Bob Peters, Manager of Economic Development with the City of Cornwall. “Affordability is a key factor that makes Cornwall such an attractive place to live and work, and although house prices have risen significantly over the past couple of years, the Cornwall market can still be described as affordable when compared with other Ontario and Canadian urban centres.”
The average 2023 price of a house in Cornwall is $371,756, which offers significant savings over average house prices in Ontario ($798,835) and Canada ($612,204). House prices have dropped from highs recorded in 2022.
The Canadian Real Estate Association compiles monthly statistics on activity over MLS Systems of Canadian Real Estate Boards and Associations. Here is the latest data:
|Average House Prices|
|January 2023||January 2022|
|Canada||$ 612,204||$ 749,437|
|Ontario||$ 798,835||$ 999,872|
|Vancouver||$ 1,111,400||$ 1,190,000|
|Toronto||$ 1,078,900||$ 1,257,500|
|Montreal||$ 498,000||$ 527,000|
|Halifax||$ 490,700||$ 465,600|
|Ottawa||$ 603,900||$ 676,100|
|Peterborough||$ 639,400||$ 712,900|
|Kingston||$ 538,300||$ 594,200|
|Cornwall||$ 371,756||$ 420,576|
Another key factor is the availability of housing, and there are a number of private and public sector projects that will soon bring to market new housing units. More information on housing prices and apartment rental rates can be found in the Housing section of this website.
Hundreds of employment opportunities are currently available in the Cornwall region, including new jobs at leading local employers such as Walmart Logistics, Olymel, Leclerc, SigmaPoint, Cornwall Community Hospital – and the City of Cornwall itself – to name just a few.
“A key focus of our marketing efforts is on resident/workforce attraction as local employers look to fill hundreds of vacant jobs,” notes Mr. Peters. “We are attending a number of career and job fairs this year and maintain a job board on ChooseCornwall.ca”
You can view available jobs here:
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