Rent to Own a House in Sault Ste. Marie, Ontario

Home Rental in Sault Ste. Marie has seen an increase prices. It is convenient to the US border and allows for easy travel between Canada and the US. Sault Ste. offers many benefits for families. Marie offers affordable housing, low living costs, cultural events and beautiful scenery.

It is a bustling family town that offers many opportunities for nature lovers. It is close to three Great Lakes, Huron, Michigan, and Superior. This makes it a great place for people who love the shimmer of the water. Chippewa Falls and Agawa Canyon are just a few of the outdoor attractions that you will find.

You’ll be pleased to learn that the unemployment rate is only 5.1 percent and there are many job options. Data innovation, finance, business integrate assembling and government-based jobs are just a few examples of the industries.

Real Estate Trends

According to the Canadian Real Estate Association home sales have increased 43% since 2020, according to their data. In September 2021, the average home price was $294,310, which is a 40.3% rise over the previous year.

Despite sales growth, the number of listings has declined by 9.7% over the same time. Active listings have also declined by 29.8%. The increased demand for housing has led to a decrease in inventory months from the long-term average of 5.5 months down to 1.3 months.

The average cost of housing is $68, in Sault Ste. Marie is 68% lower than the Canadian average, and 88% less than the rest of Ontario. The overall cost of living in Sault Ste. Marie is 14% lower than the Canadian average, and 25% less than that of Ontario. When you add all of these factors together, it is easy to save a lot of money in Sault Ste. Marie is a better choice than most other locations in Ontario.

Transport

Sault Ste. Marie is located along the Trans-Canada Highway. It connects to ten provinces across Canada from east-west. It borders the United States, and provides direct access to Interstate-75 highway in the United States. This highway runs from Michigan to Florida.

There are two regional airports in Sault Ste Marie, one within the city, and one fifteen minutes to the south.

Sault Ste. Marie Transit Services offers reliable bus routes throughout the City. These routes include:

• Great Northern Road
• Riverside/McNabb
• Eastside
• Sault College
• North Street
• Korah Road
• Steelton/Second Line

There are many options for transportation to and from the city, including parabuses, charter buses, community buses, bike racks, and bus charters. Sault Ste. Marie has a Walk Score rating of 73/100 and some bike infrastructure so that you don’t need a car.

Economy

Sault Ste. Marie was a pioneer in steelmaking. Algoma Steel is still the city’s largest employer. Hydroelectricity and paper mills are also important parts of the industry in Sault Ste. Marie.

Other than industry, important sectors of the economy are government, immigration and the arts. The city is currently the alternative energy capital in North America.

Education

Sault Ste. Marie residents have access schools at the Algoma district school board and the Huron-Superior Catholic district school board. Universities such as:

• Algoma University
• Lake Superior State University
• Sault College of Applied Arts & Technology

French speakers can attend Le Conseil Scolaire du District du Grande Nord de l’Ontario or Le Conseil Scolaire Catholique du Nouvel-Ontario.