If you're looking to save on a Toronto home there are some cheaper spots in the city to look. However, you'll still need to save big if you want to stand a chance.

A new report by the Toronto Regional Real Estate Board (TRREB) has revealed exactly where the cheapest spots are to buy a home in the 6ix, and one district's average sale price is under $800,000.

According to TRREB the least expensive spot in the city for homebuyers this May was W10, which is located in Rexdale, a neighbourhood in Toronto's northwestern core. The average price of all home types was $752,380.

The second cheapest spot in Toronto was the E11 district, which includes the Rouge area, at $813,798. Followed by E09, in the Scarborough City Centre area, for $826,605.

If you're looking for the most expensive spot to buy a home, the average cost in May for C12, the York Mills area, was a whopping $2,979,931.