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Cheaper Living Costs In Gravenhurst


Find Your Dream Home

Are you ready to stop renting and purchase your first house? Did you find a house that you loved, but lost it in a bidding war? Do you want more space and a safer community? Or do you need some room for your snowmobile, or a place close to your boat?

If you’re like many Ontarians, you have probably already realized that living in the GTA not only won’t fit your budget but it doesn’t offer the quality of life that you are looking for. Gravenhurst offers a lower cost of living which will allow you to not only find the house of your dreams, but will leave you with money to spend your time doing the things you enjoy.

Gravenhurst residents have a lower cost of living and only 27% of households in Gravenhurst pay 30% or more of their income towards housing costs**. The average monthly housing cost in Gravenhurst is $949 compared to Ontario’s average of $1,181 or Toronto’s average of $1,366!**

Here’s an example of what you would pay in Gravenhurst vs. the Greater Toronto Area

Gravenhurst Downtown Toronto York Region Peel Region Durham Region Halton Region
Average Cost of a Condo /Apartment $225, 000 $442,520 $390,004 $304,407 $284,014 $422,842
Average Cost of a Townhouse $425,750 $536,392 $595,522 $423,463 $339,104 $441,284
Average Cost of a Semi-Detached Home $195,000 $834,883 $741,562 $564,227 $429,077 $601,322
Average Cost of a Detached Home $225,000 $1,285,693 $1,174,571 $813,549 $583,433 $1,005,912

Gravenhurst also offers residential property taxes that are just under the Ontario average and competitive electrical rates. Housing is affordable for all income levels and is demonstrated by the fact that 77.6% of Gravenhurst residents own their homes as compared to 71.4% of Ontarians**.

Housing in Gravenhurst is affordable giving you the freedom to work to live, not live to work.

Sources:

** Statistics Canada NHS Focus on Geography Series 2011

Average Monthly Housing Cost – Statistics Canada NHS Focus on Geography Series 2011

Toronto Real Estate Board, May 2016
The Lakelands Association of Realtors, May 2016


Success Story

Rob Engman grew up in Toronto but decided to relocate himself and his businesses to Gravenhurst due to affordable housing, great internet connectivity, and a better quality of life. Click here to watch a video of his success.


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Find a Home for your Business

Gravenhurst is an excellent, cost-effective location for your business. The Town of Gravenhurst is very supportive of new businesses and has eliminated all commercial and development charges to help encourage expansion.

Gravenhurst businesses also have lower commercial property taxes of $20.79 per $1,000 instead of the $28.98 per $1,000 that you would have to pay in Toronto. Visit our Business Resources page to find out more about the network of partners who can help you start or re-locate your business in Gravenhurst.







Success Stories

Robert Engman at work

Enjoy a balanced lifestyle without sacrificing your career! Sounds to good to be true? Learn about other former residents that rediscovered what life in Gravenhurst has to offer 365 days a year.

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