One city's loss is another city's gain in the wild world of mid-pandemic Ontario real estate, and the mass exodus of potential homebuyers from Toronto is producing some considerable gains for some smaller markets lately.

Kingston, population 123,798, is just one city that can now thank Toronto's sky-high home prices for an influx of new residents who've driven up property values by purchasing homes they can actually afford.

A new report from Royal LePage highlights the city roughly three hours east of the GTA as a "Goldilocks" market — not too big, not too small, the "perfect combination of downtown lifestyle and suburban comfort."

Too cold to enjoy as porridge, climate-wise, but on fire right now as a place to live, posting the highest rate of home price appreciation in the entire country last quarter, according to Royal LePage.

The aggregate price of a home in Kingston increased 38.1 per cent year-over-year to reach $722,100 in the fourth quarter of 2021, while the median price of a single-family detached home went up by 44.3 per cent to reach $780,600.

Continue to read on: BLOGTO