By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca
March 3, 2014 | © All rights reserved
With prices soaring to new heights throughout Toronto, Vaughan and the GTA, here is a breakdown of where you'll find not only the most expensive homes, but also the most affordable homes in the GTA.
The most expensive Homes in greater Toronto
Those looking for luxury homes with luxury price tags, look no further, Oakville is where its at. The average price in Oakville is $1,400,000. Compare that with the Canadian average of $389,000 and the Toronto average of $523,000.
The most affordable Homes in greater Toronto
Looking for the most bank for your buck? Then you should be looking east of the city in Durham. Made up of seven townsga and cities including Ajax, Brock, Clarington, Oshawa, Pickering, Uxbridge, and Whitby, you can find detached homes for sale starting in the low $100,000's - Yes, that's one hundred thousand!
Here's what the rest of the GTA has to offer
The region of York which is comprised of Aurora, East Gwillimbury, Georgina, King, Markham, Newmarket, Richmond Hill, Vaughan, and Whitchurch-Stouffville has by far the greatest amount of detached home options. This area has seen the fastest growth rate in the GTA over the past decade. Detached homes in Vaughan average about $1,070,000.
Peel region is comprised of Brampton, Caledon, and Mississauga and also provides one of the greatest number of detached home options in the GTA. You'll be able to find a large detached home in Brampton for about $715,000.
People always ask me when is a good time to buy. There is no universal answer that's right for everyone. You buy when you can afford it and when the time has come for your family to move into a larger home or downsize.
If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.
CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!
Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.
You can find him on LinkedIn, Twitter, YouTube and Google+.
For over 10 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals.
He’s kind of like the Bruce Willis of real estate.