Homes in Ontario are slightly more affordable now than four years ago, with 24% priced under $500,000 compared to 17% in 2022. Northern cities like Greater Sudbury, Sault Ste. Marie, and North Bay have fewer homes under $500,000 than in 2022 but remain more affordable than southern Ontario. Higher borrowing costs and reduced condo demand have lowered prices in the south, while limited new builds keep northern prices stable.