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Summary

Toronto's Cheapest Spots To Buy A Home RN Were Revealed But You'll Still Need To Save Big

You might need to pick up a second job to afford these spots.

Toronto's Cheapest Spots To Buy A Home RN Were Revealed But You'll Still Need To Save Big
164 Jeffcoat Dr | Google Maps
Contributing Writer

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.

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TorontoCanadaReal EstateReal Estate
  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

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