The Toronto region’s average house price reached $1,051,216 as of December 2022. We’ve compiled a list of inexpensive homes in the Greater Toronto Area currently on the market priced under $649,900.
1. Cheapest Homes for Sale in The City of Toronto
Etobicoke to the west and Scarborough to the east are parts of the City of Toronto. In December, the city’s average price for a home was $1,017,989.
2. Cheapest Homes for Sale in Peel Region
The cities of Brampton and Mississauga, as well as the more rural area of Caledon, are all part of the Peel Region, which is situated west of the City of Toronto. In December, a property in Peel was $989,873 on average.
Cheapest Homes for Sale in Brampton
Cheapest Homes for Sale in Mississauga
3. Cheapest Homes for Sale in York Region
The York Region, which lies to the north of the City of Toronto, comprises urban districts like Newmarket, Markham, Richmond Hill, and Vaughan, as well as rural places like Georgina and King. In December, the typical house price in this area was $1,267,563.
Cheapest Homes for Sale in Markham
Cheapest Homes for Sale in Vaughan
Cheapest Homes for Sale in Richmond Hill
4. Cheapest Homes for Sale in Durham Region
One of the most affordable places to reside in the GTA is Durham, located east of Toronto. Small towns like Scugog and Uxbridge are included, as are a few small cities, including Oshawa, Ajax, Clarington, and Whitby. In December, the average cost of a home in Durham was $874,456.
Cheapest Homes for Sale in Oshawa
Cheapest Homes for Sale in Whitby
Cheapest Homes for Sale in Clarington
5. Cheapest Homes for Sale in Halton Region
Halton is located west of the City of Toronto, beyond the Region of Peel, and includes the cities of Milton, Burlington and Oakville. It also includes Halton Hills, a more rural community. The average price for a home in Halton in October was $1,305,714.
