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.
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.