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Toronto's Real Estate Market Has Only 9 Neighbourhoods Where A House Is Under $1 Million

It's no secret that Toronto's real estate market isn't cheap. 

According to Zoocasa, there are only nine neighbourhoods in the city where the median price for a  house is under $1 million right now. 

In fact, Zoocasa found that the median price of a Toronto house is currently $1,185,000.

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Zoocasa

Of the 35 neighbourhoods, the cheapest one is Rockcliffe-Smythe, Keelesdale Eglinton West, where a detached house price is a median of $875,000. 

Morningside, Woburn, Bendale comes in second with a median asking price of $890,000.

Only six other neighbourhoods also have a median price under $1 million, including, Yorkdale-Glen Park, Weston. 

An average downpayment on the cheapest properties in Toronto would cost you at least $62,500, according to the stats. 

It's no wonder people are ditching their city homes for cheaper places in smaller towns.

In fact, looking up some regular Toronto homes that are going for $1 million right now proves just how expensive the city really is. 

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