{"id":18873,"date":"2022-01-27T11:15:45","date_gmt":"2022-01-27T16:15:45","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=18873"},"modified":"2022-01-27T14:04:39","modified_gmt":"2022-01-27T19:04:39","slug":"cheapest-cities-to-buy-gta","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/cheapest-cities-to-buy-gta\/","title":{"rendered":"REPORT: Where Are The Most Affordable Places To Buy In The GTA? (By Home Type)"},"content":{"rendered":"\n

Would you move further out of the city to secure the type of home you\u2019re looking for within budget?

Given how popular work from home has been in the last few years, the option to choose home type first and city second is opening up to more buyers in Southern Ontario.

In fact, a Zoocasa survey early last year found that the pandemic has led to 32% of Ontario buyers purchasing a property in a location further than what they would have previously considered<\/a> – and given the consistent price increases recorded across the province throughout 2021<\/a>, it\u2019s safe to say that trend has continued.

Buyers who have their eye on a certain type of home, whether that’s a condo in the city centre or a townhome with a yard for their dog, can save big if they can be flexible on which city in the Toronto Region they\u2019d like to make their purchase in.

To help prospective buyers narrow down which areas they should consider focusing their house search in, Zoocasa has ranked the top five most affordable cities within the bounds of the Toronto Regional Real Estate Board to buy a detached home, semi, condo townhouse, and condo apartment based on November 2021 sales data*. <\/p>\n\n\n\n

In other words, if finding the right type of home at the right price point is more important to you than buying in any particular city, this report is designed to help you discover which cities to consider in your home search.<\/p>\n\n\n\n

Brock is the Most Affordable Place to Purchase a Detached Home<\/h2>\n\n\n\n
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<\/strong>Although the average price for a detached home in the Toronto Region hit $1,567,832 near the end of last year the top five most affordable cities to buy a detached home in the greater region all clock in with an average price under a million dollars – a significant savings of more than $500,000.<\/p>\n\n\n\n

Brock, the most affordable city on the list, is a small town in the north end of Durham township. As of 2016, the population reached just over 11,000 – making it a great choice for buyers looking for more space and a small-town lifestyle.<\/p>\n\n\n\n

With an average price of $774,500, detached homes here are half the price of the region\u2019s average. However, affordability comes with a proximity tradeoff. Brock is located in the Toronto Region\u2019s farthest north reaches, and nearly borders Lake Simcoe. In good traffic conditions, you can reach Union Station by car in a little over an hour and a quarter, but Barrie and Peterborough are both closer cities – meaning you likely won\u2019t want to commit to a daily, downtown Toronto commute if you\u2019re living here.<\/p>\n\n\n\n

If you\u2019re looking to live a little closer to Toronto\u2019s core, Oshawa and Orangeville both offer better connectivity to the rest of the GTA, with detached homes still coming in at an average price of less than a million. If you\u2019re looking for small-town living, Essa (near Barrie) and Scugog (near Port Perry) are other options on the list that round out our top 5 most affordable places to buy a detached home in the Region. <\/p>\n\n\n\n\n