Top 15 cities with best and worst kept homes in Ontario revealed

Thunder Bay ranks at the top of the 15 cities in Ontario with the highest percentage of households requiring major repairs at 7.5%. This is closely followed by Chatham-Kent and Windsor both at 7.2%, according to MyChoice, a leading insurance comparison website.

With HELOC rates now exceeding 7.5% - a stark increase from the historical low of 2.35% in 2021, households are finding it increasingly challenging to manage maintenance costs. Moreover, with the Bank of Canada showing little sign of reducing rates in Q1 of 2024, Ontarians are cautioned that the reduced capacity for minor repairs could lead to more significant issues in their homes. According to MyChoice, the disparities in home maintenance across Ontario cities might affect province-wide home insurance rates.