Buying a house in the GTA is still affordable

Despite the rise of housing prices across the GTA the past 2 years, there are still area’s where value can be found as a home buyer. If you’re in the market for a detached home, Brock is your most affordable option. Brock is a small town in the north end of Durham and has a population of just over 11,000. Detached homes are going for an average price of $774,500, half the price of the red-hot region’s average.

For options closer to the city, Orangeville and Oshawa are better bets. When looking at the most affordable places to buy in the GTA, Orangeville tops the list for semis, with the average coming in at $715,000 — almost half a million dollars cheaper than TRREB’s average for that same category. Like Brock, however, living in Orangeville will likely result in less-than-ideal commutes for those who work in Toronto. The community of 30K residents sits on the very outskirts of the GTA region.

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Another housing option to consider, especially for families, is the townhouse condo. Regardless of the city, the average price in the Toronto Region for a condo townhome is $826,475. Which is well below the average price of all home types.

Another housing option to consider, especially for families, is the townhouse condo. Regardless of the city, the average price in the Toronto Region for a condo townhome is $826,475. Which is well below the average price of all home types.

When looking for the most affordable cities to choose from in the townhouse condo hunt, Orangeville comes out on top again with an average price of $570,625 for this type of home. The rest of the GTA’s more affordable options come from Durham Region. With the cities of Oshawa, Whitby, Clarington, and Pickering rounding out the remaining spots on the list.

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