There are options!
Across Toronto housing prices have been steadily increasing but there are still some options if you are on a budget.
You can still find condos and some condo townhouses for under $500,000. In September 2018, there were 515 condos sold in Toronto that ranged in price from $300,000-$500,000. There were 170 condos that sold in the $300k-$400k range and 345 condos that sold in the $400k-$500k range.*
The average house price in the GTA is $796,786. The average house price in the east end of Toronto is $996,469 (E1 – Leslieville, Riverdale, Riverside, Blake-Jones, Greenwood-Coxwell).*
If you venture into Scarborough, in certain neighbourhoods you can still find homes for around $600,000.
Houses outside of Toronto
If you’re willing to make the trek, you can still find 3 bedroom, detached homes with parking in Oshawa. It’s further, but I guarantee you’ll be surprised at what you can get for under $500,000.
Would you like to know what is available in your price range?
Fill out the form below with as much (or as little) information as you like and I will send you a daily list of available homes.
*Source TREB: September 2018