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Friday February 1st 2013

Affordable Housing in Toronto / GTA

affordable homes in GTA / Toronto

As we all know the housing market has been hot for a number of years now. The average GTA houses are now around $440k; $477k in Toronto and 408k in surrounding areas. So where can you find reasonably priced housing that is ideal for first time buyers.

Currently the cheapest prices are in the the east end of the GTA with Oshawa being the most affordable market with average prices of $255k. Condo townhouse in Ajax are going for about $235k with condo fees of $150 per month.

Within Toronto you can get a good value entry-level home in Mimco. Another reasonably valued location is a little area between Don Valley Parkway and Scarborough, north of Danforth.

Etobicoke offers good buys in Condos with significantly more space than city core with downtown only 20 minutes away by subway from Kipling station.