Buying a new home? Looking to save money while doing so? Check out these affordable Ontario markets!

Thinking of buying a new home within the Ontario market is a decision hundreds of people go through everyday. There are so many factors to consider from schooling options to shopping and nearby recreational sites. However, it remains that the most important factor for many home buyers is what they are cashing in for their new property.

According to new data released by Ontario's real estate boards by information outlet Zoocasa, it seems that Thunder Bay is the top destination. In order to purchase a home priced at $227,750, buyers would only need an income of $31,067! This is definitely appealing to both young potential home owners as well as experienced home buyers.

Take a look at a few other affordable destinations within Ontario:

Whitby

Required Income: $86,264

Average Home Price: $632,395

Waterloo

Required Income: $67,298

Average Home Price: $493,358

Sudbury

Required Income: $37,174

Average Home Price: $272,523