Nearly 24% of Ontario homes are now valued under $500,000, up from 17% in 2022, signaling a market shift. Condominiums lead this trend, with 46% priced below $500,000, nearly doubling since 2022. Townhouses, semi-detached, and detached homes remain less accessible at lower price points. The number of municipalities with median home values above $750,000 dropped from 105 to 65, increasing affordability across the province.