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Homes For Sale in the GTA, Price under $500,000

We know that homes in the GTA are expensive, I’ve searched the MLS system for affordable homes in the GTA (WEST). These are listed right now under $500,000. These homes should be considered by the first-time homebuyer. Include are Condos, Townhomes, Semi-Detached and Detached Homes in Toronto, Mississauga, Hamilton, Oakville, Burlington, Georgetown & Milton

There is never a bad time to get into Real Estate. Are you waiting for the market to drop?.. This may not happen, prices have been climbing for the past 20 years and there’s no signs of stop..

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For sale OPEN HOUSE $450,000
House For Sale in toronto, 609 - 60 TOWN CENTRE COURT

609 - 60 Town Centre Court

Toronto, Ontario

1 Bedroom 1 Bathroom
EQ2 by Mattamy Homes. Open concept XL 1 bedroom suite with an integrated office space, perfect if you work from home or separate dining for extra space! Open concept L shaped kitchen newly updated with custom backsplash, premium stainless steel appliances, and built-in dishwasher. Airy and open, unique layout enables separation of bedroom and living space; 2 walkouts with floor-to-ceiling windows to a large private SW facing balcony. Zen bright bedroom with 2 large closets and brand new flooring. Hidden gem in the heart of Scarborough steps from Cineplex, IKEA, STC, YMCA, Restaurants, Grocers, Parks, Civic Centre and more! Seamless travel with steps to regional buses, TTC, and HWY 401. Features: freshly painted, newly installed modern light fixtures, ensuite laundry, same floor locker, 1 parking spot. Amenities: 24hr Concierge and Security, Gym, Yoga/Dance Studio, Party Room, Games Room W/ Pool Table and Ping Pong, Theatre Room, Meeting Room, Guest Suites, Carwash, Free Underground visitors parking.. Exclusive internet offers for building residents. **** EXTRAS **** A+++ location steps away from The STC, IKEA, Transit, YMCA, Library, Albert Campbell Sq with outdoor skating rink, Shoppers Drug Mart, Grocers, Skyscape Centre, Civic Centre, Centennial College Scarborough Campus, Dr's Ofc, HWY 401 & More. (id:51158)
Homes for sale in Toronto
For sale $429,990
House For Sale in hamilton, 304 - 37 MERICOURT ROAD

304 - 37 Mericourt Road

Hamilton, Ontario

2 Bedroom 1 Bathroom
Welcome to unit 304-37 Mericourt Road in Hamilton. A well maintained and spacious 2 bedroom unit perfect for first time buyers. Has a spacious living and dining area, perfect for entertaining, and two well appointed bedrooms with easy access to the 4 piece bathroom. The building is located near McMaster university and Hospital with easy access to major highways, Hamilton & Dundas downtowns, as well as shops and other amenities. (id:51158)
Homes for sale in Hamilton
For sale $459,900
House For Sale in hamilton, 311 - 460 DUNDAS STREET E

311 - 460 Dundas Street E

Hamilton, Ontario

1 Bedroom 1 Bathroom
Discover the epitome of modern living in this exquisite 1-bedroom condo nestled at 460 Dundas Street East in the heart of Waterdown, Ontario. Perfectly blending convenience, comfort, and style, this immaculate residence offers a tranquil retreat from the bustling city life. Experience the ultimate in urban living. Whether you're a first-time buyer, downsizer, or investor, this condo offers an unparalleled lifestyle in one of Waterdown's most coveted locations. (id:51158)
Homes for sale in Hamilton
For sale $489,900
House For Sale in toronto, 606 - 50 GULLIVER ROAD

606 - 50 Gulliver Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Charming 1 bedroom condo in the Brookhaven Amesbury neighborhood, boasting over 700 sq ft of living space. This delightful unit features a full kitchen, a lovely balcony with unobstructed, clear views, and abundant storage. Situated near transit, parks, schools, shops, and dining options, this unit is the epitome of comfort and convenience. Perfect for those seeking a charming abode in a vibrant community. **** EXTRAS **** Offers anytime! (id:51158)
Homes for sale in Toronto
For sale $489,900
House For Sale in toronto, 602 - 6 EVA ROAD

602 - 6 Eva Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Revel in this lovely suite, in one of Toronto's most well-appointed buildings. This bright sun filled and tastefully decorated condo has nearly 600 sq ft. The open-concept floorplan presents an ideal canvas for entertaining, seamlessly blending living spaces while providing ample storage solutions. Furthermore, this building includes well thought out amenities designed by a class leading developer: Tridel. These amenities include a 24-hour concierge, exquisite party and lounge areas, guest suites, visitor parking, an indoor pool, an incredible gym, and more. The location of this apartment is A1: Located in the highly sought-after West Village in South Etobicoke, with easy access to major routes, mere minutes from Pearson International Airport, and a short 20-minute commute to downtown Toronto. Revel in the abundance of shopping and recreational opportunities at your doorstep. Penthouse 6 at West Village invites you to embrace the good life today a harmonious blend of elegance, convenience, and breathtaking views. **** EXTRAS **** Resort-like amenities: gym, pool and party room. Minutes to the highway (id:51158)
Homes for sale in Toronto
For sale $499,999
House For Sale in toronto, 1203 - 90 DALE AVENUE

1203 - 90 Dale Avenue

Toronto, Ontario

2 Bedroom 2 Bathroom
Embrace the charm of Unit 1203, 90 Dale Ave a timeless gem nestled in the heart of sophistication.This southeast corner unit spans 986 sq. ft., boasting a classic allure with its open concept layout and floor-to-ceiling windows gracing the living area. The galley kitchen overlooks the expansive space, inviting culinary adventures with style. Retreat to the spacious primary bedroom, complete with a spa-like ensuite bathroom, your personal sanctuary amidst the bustling city life. Additional conveniences include ensuite storage and laundry facilities, complemented by the inclusion of one underground parking spot. While exuding a vintage charm, this unit thrives within a well-maintained building where all utilities are seamlessly covered in the maintenance fees. Residents enjoy a wealth of amenities including an indoor pool, rejuvenating sauna, fully equipped gym, visitors parking and more. Conveniently located, commuting is a breeze with easy access to TTC, Via Rail, and Guildwood Go Station. Discover the vibrant surroundings, from the lush greens of Scarborough Golf Club to the stunning vistas of Scarborough Bluffs. Uncover hidden gems at Guild Park & Gardens and savour culinary delights at nearby restaurants. **** EXTRAS **** N11 has been signed. Unit will be vacant June 22nd. (id:51158)
Homes for sale in Toronto
For sale $474,000
House For Sale in toronto, 414 - 55 REGENT PARK BOULEVARD

414 - 55 Regent Park Boulevard

Toronto, Ontario

1 Bathroom
Amazing Opportunity At One Park Place Towers By Reputable Developer The Daniels Corporation, For Those Looking To Be In Downtown With Easy Access In And Out Of The City Surrounded by Comfort And Convenience! Checkout This Beautiful Open Concept Studio Unit With A Large Terrace Facing Unobstructed East Views! Bright Unit With Floor To Ceiling Windows. Loaded With Upgrades Including High Ceilings & Modern Finishes Throughout, Large Walk-in Laundry Room With Ample Storage, Modern Kitchen W/ Center Island And Stone Countertops, Sleek Modern Appliances, And Much More! Access To 5 Star Amenities And Parks. Short Walk To Street Car At Queen St. 2 Min Drive To DVP. Easy Access To Eaton Center, Ryerson University. Easy Access To The Downtown Core, And Much More! Luxurious Amenities: Basketball, Billiards, Gym, Yoga Studio, Steam Room, Party Rooms, Theater. **** EXTRAS **** Turnkey Property That Has Been Freshly Painted & Touched Up! (id:51158)
Homes for sale in Toronto
For sale $399,999
House For Sale in toronto, 203 - 250 JARVIS STREET

203 - 250 Jarvis Street

Toronto, Ontario

2 Bedroom 1 Bathroom
Attention investors and first-time homebuyers! Don't miss out on this incredible opportunity in the heart of downtown Toronto. This stunning 2-bedroom, 1-bathroom condo boasts panoramic east views from its spacious balcony, perfect for enjoying the morning sun. With over 900 sqft of living space, it's ideally situated minutes from Ryerson, UofT, Eaton Centre, TTC, and local amenities. Additional amenities include laundry, sauna, gym, and bike storage, all conveniently located in the main lobby. Motivated Seller, Don't wait to make this urban oasis your own! **** EXTRAS **** Existing Fridge, Stove, Microwave, And B/I Dishwasher In \"As-Is\" Condition. All Elfs And Window Coverings. (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $499,999
House For Sale in toronto, B - 36 SHANK STREET

B - 36 Shank Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Discover urban living at its finest in this stylish stacked townhouse nestled in the heart of downtown Toronto. Recently renovated with brand-new pot lights, shower, flooring, hot water tank, and heating and cooling system, this modern abode offers both comfort and convenience. With its sleek design and affordable price point, it presents a rare opportunity for those seeking contemporary city living without breaking the bank. Don't miss out on the chance to call this vibrant urban oasis home. *Steps to Public Transit, Starbucks, Tim Hortons, Baskin Robbins, No-Frills, Art Galleries & the Downtown Core of Toronto* **** EXTRAS **** Included- All Electrical Light Fixtures, Stainless Steel Appliances (Stove, Fridge & Dishwasher). Recently renovated with brand-new pot lights, shower, flooring, hot water tank, and heating and cooling system. (id:51158)
Homes for sale in Toronto
For sale $429,990
House For Sale in hamilton, 37 Mericourt Road|Unit #304

37 Mericourt Road, Unit #304

Hamilton, Ontario

2 Bedroom 1 Bathroom 650 sqft
Welcome to unit 304-37 Mericourt Road in Hamilton. A well maintained and spacious 2 bedroom unit perfect for first time buyers. Has a spacious living and dining area, perfect for entertaining, and two well appointed bedrooms with easy access to the 4 piece bathroom. The building is located near McMaster university and Hospital with easy access to major highways, Hamilton & Dundas downtowns, as well as shops and other amenities. (id:51158)
Homes for sale in Hamilton
For sale $399,900
House For Sale in hamilton, 346 POTTRUFF Road N

346 Pottruff Road N

Hamilton, Ontario

3 Bedroom 2 Bathroom
This single detached 2 + 1 bedroom, 2 bathroom home requires some TLC and is being sold "As Is - Where Is" please refer to schedule B. House offers a detached garage and a great location. All Offers will be presented and reviewed on Tuesday May 28th, 2024 at 6:30 pm promptly. No Preemptive offers. (id:51158)
Homes for sale in Hamilton
For sale $489,900
House For Sale in toronto, 107 - 11 MICHAEL POWER PLACE

107 - 11 Michael Power Place

Toronto, Ontario

1 Bedroom 1 Bathroom
Sunny western facing one bedroom ground floor suite with patio available at well managed Port Royal Place 3. Freshly painted with recent kitchen and flooring upgrades, parking & locker included. A short stroll to Islington shopping & restaurants, the subway hub 5 minutes away -- park the car, hang your art, and soak up the sun from your patio! (id:51158)
Homes for sale in Toronto
For sale $489,900
House For Sale in toronto, 170 - 10 EDDYSTONE AVENUE

170 - 10 Eddystone Avenue

Toronto, Ontario

4 Bedroom 2 Bathroom
Beautiful Recently Renovated From To Bottom ! Spacious and Sun Filled 3-Storey Condo Town Conveniently Located With Walking Distance To Parks,Schools & Shops! Ttc At The Door! Close To Highways! Perfect For First Time Home Buyer, Investor OrA Downsizing Family !Extras:4 Bedrooms & 2 Bathrooms! With City View! All Existing Appliances All Windows Coverings! All Electrical Light Fixtures! One Parking! Don't Miss It! Sale As It Is!pacious & Sun Filled 3-Storey Condo Town Conveniently Located With Walking Distance To Parks,Schools & Shops! Ttc At The Door! Close To Highways! Perfect For First Time Home Buyer, Investor OrA Downsizing Family !Extras:4 Bedrooms & 2 Bathrooms! With City View! All Existing Appliances All Windows Coverings! All Electrical Light Fixtures! One Parking! Don't Miss It! Sale As It Is! (id:51158)
Homes for sale in Toronto
For sale $389,900
House For Sale in toronto, 807 - 100 LOTHERTON PATHWAY

807 - 100 Lotherton Pathway

Toronto, Ontario

3 Bedroom 1 Bathroom
Spacious And Well maintained 3 bedroom affordable condo in convenient location, Close to many amenities, such as shopping, school, parks, highway 401, public transit,. It's better than paying rent, great opportunity for first time buyers or investors. New Kitchen Cupboard, 24 Hr Security, Visitor Parking, Large Party Room **** EXTRAS **** Fridge, Stove, Washer, Dryer, All Light Fixtures, All Drapes/Blinds (id:51158)
Homes for sale in Toronto
For sale $469,900
House For Sale in toronto, 108 - 4060 LAWRENCE AVENUE E

108 - 4060 Lawrence Avenue E

Toronto, Ontario

3 Bedroom 3 Bathroom
Newly Renovated, New electric appliance, Quartz Counter top, Light fixtures, Furniture & All Curtains. Spacious Bi-Level Stacked Townhouse. Each floor has its own private entrance. Close to all amenities, TTC Bus, Schools, Shopping, UT Scarborough Campus, Centennial College Progress Campus, Libraries, Clinics, Parks, Churches, Highways & more. Maintenance Fees include Heat, Central Ac, Water, Cable, Building Insurance, Parking etc. Unit has one parking space & Large Storage. Great Opportunity For first home buyers and Investors. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in toronto, 1407 - 2015 SHEPPARD AVENUE E

1407 - 2015 Sheppard Avenue E

Toronto, Ontario

1 Bedroom 1 Bathroom
Elevate your lifestyle with ""Ultra"" by Monarch Developments, in this exceptional 1-bedroom unit with an unobstructed, breathtaking view and a balcony offering serenity at every glance. This gem comes complete with parking and a locker, ensuring both convenience and security for your prized possessions. Step into luxury with an open-concept living, dining, and kitchen area that exudes modern elegance. The kitchen is a chef's delight, featuring upgraded granite counters and stainless steel appliances that elevate your culinary experience. But that's not all ""Ultra"" goes above and beyond with its top-notch amenities, Enjoy the convenience and peace of mind offered by a 24-hour concierge service, ensuring that your needs are always met. Perfectly situated, ""Ultra"" is just steps away from subway stations and the renowned Fairview Shopping Mall, offering a seamless connection to highways 404 and 401. **** EXTRAS **** S/S Fridge, Stove, B/I Dishwasher, Microwave, Washer & Dryer, All Electrical Light Fixtures. (id:51158)
Homes for sale in Toronto
For sale $499,999
House For Sale in toronto, 1110 - 75 DALHOUSIE STREET

1110 - 75 Dalhousie Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Bright, Spacious And O So Gracious. A Gem In The Downtown Toronto Core. Fall In Love With This Downtown Toronto Charmer. Welcome To This Beautiful Unique One Bed, One Bath Suite In The Active And Vibrant Downtown Toronto Community. 624 Total Square Feet Plus 216 Square Feet Balcony. New Vinyl Flooring Throughout. Open Concept With Loads Of Natural Light Throughout. Functional Layout. Be Prepared To Be Wowed With The Fine Attention To Detail. Enjoy Your Morning Coffee Or That Special Book On Your Extra Large Peaceful Private Balcony. Perfect For Entertaining. Lots Of Custom Built Ins Throughout The Unit. Open Concept Combined Kitchen, Living & Dining Room Space. Spacious Bedroom With Double Closet Space. Rare Unobstructed Park View. 1 Parking Spot Included. Maintenance Fees Inclusive Of All Heat/AC, Hydro, Water. Fantastic 5 Star Location. Desirable Area For Professionals And Students. Easy Access To Transit, Food & Shopping. Steps To The Eaton Centre & Yonge St. Few Minute Drive To All Major Highways. Pet Friendly Community. Start Packing Your Bags! Don't Miss This Unique Opportunity! **** EXTRAS **** Perfect Opportunity For First Time Home Buyers, Investors Or Empty Nestors. Fine Attention To Detail. Perfect Opportunity To Purchase In The Heart Of Downtown Toronto. (id:51158)
Homes for sale in Toronto
For sale $499,999
House For Sale in toronto, 203 - 20 THOMAS RILEY ROAD

203 - 20 Thomas Riley Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Bright, Spacious And Oh So Gracious. Fall In Love With This Etobicoke Charmer. 616 Total Square Feet Plus 47 Square Feet Balcony. Welcome To This Beautiful Unique One Bed, One Bath Suite In The Active And Vibrant Etobicoke Community. Open Concept With Loads Of Natural Light Throughout. Functional Layout. Be Prepared To Be Wowed With The Fine Attention To Detail. Foyer Has An Alcove That Can Be Used As An Office, Seating Area Or Extra Storage Space. Modern Kitchen With Unique Island That Can Be Used As A Dining Table. Spacious Bedroom With Double Closet Space. Enjoy Your Morning Coffee Or That Special Book On Your Peaceful Balcony. 1 Locker Included. Fantastic Location. Booming Area With Easy Access To Transit, Food & Shopping. Steps To Kipling Subway Station. Few Minute Drive To The 427 & Gardiner Expressway. Building Amenities Include: Gym, Party Room, Multimedia Room, Theatre, Rooftop Deck, Visitor Parking, 24/7 Concierge. Pet Friendly Community. Start Packing Your Bags! Don't Miss This Unique Opportunity! **** EXTRAS **** 616 Square Feet Plus 47 Square Feet Balcony. Perfect Opportunity For First Time Home Buyers, Investors Or Empty Nestors. Fine Attention To Detail. Perfect Opportunity To Purchase In The Heart Of Etobicoke. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, 317 - 50 ANN O'REILLY ROAD

317 - 50 Ann O'reilly Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Located minutes from Subway and Fairview mall.. Unit Quite South view with one of very few Large Outdoor Patio 24 Hr Concierge/Security Tridel Built with Exercise Room, Party Room, Swimming Pool, Hot Tub, Yoga Studio , Library, Guest Suites, Boardroom, Bicycle Storage, Visitors Parking Highways 404 & 401 One Premium spot (next to building entrance) and One Locker Storage Unite (id:51158)
Homes for sale in Toronto
For sale $469,000
House For Sale in oakville, 212 KERR Street Unit# 909

212 Kerr Street Unit# 909

Oakville, Ontario

1 Bedroom 1 Bathroom 686
Opportunity knocks to own/invest in Arbour Glen within walking distance to trendy Kerr Village, Lake, Community Centre, downtown Oakville, public transportation, restaurants & shopping. This tidy end Unit has oversized 14' balcony with new glass enclosure and view of the Lake, parks, trees and Escarpment. Well maintained, quiet, established complex (10) floors set back from the street.(Inhouse Superintendant). Perfect for first time home buyer or retirees who wish to remain in the hub in an established environment. Condo fee includes everything but Internet & TV. Arbour Glen is a gentle Giant. 1 parking spot & large Locker space included. Peaceful tranquil setting. Restricted pets, no Smoking. New Stainless Fridge & Stove. Some furniture is negotiable, only 1 year old. Opportunity to make kitchen open to the vast LR/DR space. Seller is Registered Realtor. (id:51158)
Homes for sale in Oakville
For sale $479,800
House For Sale in toronto, 302 - 335 DRIFTWOOD AVENUE

302 - 335 Driftwood Avenue

Toronto, Ontario

3 Bedroom 3 Bathroom
Attention First Time Home Buyers, Affordable 3 Beds and One and 1/2 Bath Apartment Corner Unit With Lots Of Sunlight, Well Maintained, Open Concept Living / Dining Room, Large Balcony, New Bedroom Doors, Main Bath: New Door, Toilet, Vanity And Mirror. The Unit Located In Conveniently To All Amenities, Community Centre, Library, Schools, York University, Supermarket, Shopping Centre, Minutes To Highways 407/400, Black Creek Subway, LRT On Finch Street, TTC At Door Steps. Utilities included In Maintenance Fee. (id:51158)
Homes for sale in Toronto
For rent $15,000 Monthly
House For Sale in oakville, 80 BARRINGHAM DRIVE

80 Barringham Drive

Oakville, Ontario

4 Bedroom 3 Bathroom
special home in a prestigious South-East Oakville enclave south of Lakeshore for lease! just steps to the lake! Beautiful bungalow with incredible architectural details and elegant finishes wascompletely redesigned in 2000. 3484 Sq ft, 4 bedrooms and 4 bathrooms (id:51158)
Homes for sale in Oakville
For sale $379,900
House For Sale in hamilton, 350 Quigley Road|Unit #511

350 Quigley Road, Unit #511

Hamilton, Ontario

3 Bedroom 1 Bathroom 1088 sqft
First Time Home Buyers, this is for you!Commuters ideal location as it is close to the Redhill for an easy commute to the QEW with loads of walking trails nearby.Great location in the building with clear views and stunning views overlooking greenspace. 3 bedrooms including an oversized master & 1 bath. New windows throughout including a new patio door. Included is the fridge & stove with hook-ups for the dishwasher and washer/dryer in place. This unit also comes with 1 underground parking space as well as a spacious storage locker and in-suite pantry. The building has many amenities including outside and inside basketball nets, community garden, bike storage, party room & children’s playground. This unique building has outdoor sky streets and 2 story layout, to give a townhome feel. Bring your pup as this building is pet friendly. (id:51158)
Homes for sale in Hamilton
For sale $379,900
House For Sale in hamilton, 511 - 350 QUIGLEY ROAD

511 - 350 Quigley Road

Hamilton, Ontario

3 Bedroom 1 Bathroom
First Time Home Buyers, this is for you! Commuters ideal location as it is close to the Redhill for an easy commute to the QEW with loads of walking trails nearby. Great location in the building with clear views and stunning views overlooking greenspace. 3 bedrooms including an oversized master & 1 bath. New windows throughout including a new patio door. Included is the fridge & stove with hook-ups for the dishwasher and washer/dryer in place. This unit also comes with 1 underground parking space as well as a spacious storage locker and in-suite pantry. The building has many amenities including outside and inside basketball nets, community garden, bike storage, party room & childrens playground. This unique building has outdoor sky streets and 2 story layout, to give a townhome feel. Bring your pup as this building is pet friendly. (id:51158)
Homes for sale in Hamilton

Homes For Sale in the GTA, Price under $500,000: Your Ultimate Guide

Searching for an affordable home in the Greater Toronto Area (GTA) can be quite a challenge. With soaring real estate prices, it’s crucial to find options that fit your budget. In this detailed guide, we will take you through the process of finding Homes For Sale in the GTA, Price under $500,000. Whether you’re a first-time buyer, an investor, or simply looking for a new place to call home, this article is your go-to resource.

Let’s dive into the GTA’s real estate market and explore the opportunities that await.

Exploring the GTA

The GTA, short for the Greater Toronto Area, encompasses not only Toronto but also several surrounding cities and regions, making it one of the most populous and diverse metropolitan areas in Canada. It’s known for its vibrant culture, strong job market, and excellent quality of life.

Why Choose the GTA?

  • Vibrant Job Market: The GTA is home to numerous industries, including finance, technology, healthcare, and more, offering a plethora of job opportunities.
  • Diverse Communities: You’ll find a wide range of neighborhoods, each with its unique character and amenities.
  • Excellent Education: The GTA boasts top-notch educational institutions, making it an ideal place for families.
  • Cultural Hub: From museums to theaters, there’s always something exciting happening in the GTA.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Finding Affordable Homes

Setting Your Budget

Before you start your search for Homes For Sale in the GTA, it’s essential to determine your budget. A budget under $500,000 is considered affordable in this region.

Exploring Neighborhoods

Mississauga: A Suburban Oasis

Mississauga, a vibrant suburban city, offers affordable housing options while being in close proximity to Toronto. With its excellent transit system and beautiful parks, it’s a favorite among families.

Brampton: Affordable and Growing

Brampton is known for its affordability and a wide range of housing choices. It’s a city that’s continuously growing, making it a great place to invest in real estate.

Durham Region: Room to Breathe

The Durham Region, including cities like Oshawa and Whitby, offers spacious homes at affordable prices. It’s an excellent choice for those seeking a more suburban lifestyle.

Working with a Realtor

Enlisting the help of a knowledgeable real estate agent can significantly simplify your home search. They have access to listings that might not be publicly available and can negotiate on your behalf.

Financing Your Home

Mortgage Options

Fixed-Rate Mortgage

This mortgage type offers stability as your interest rate remains the same throughout the loan term, making budgeting more predictable.

Variable-Rate Mortgage

With a variable-rate mortgage, your interest rate fluctuates with market conditions, potentially resulting in lower payments during low-rate periods.

Down Payment Assistance

In Canada, there are various programs and incentives to assist first-time homebuyers in making their down payments more manageable. Be sure to explore these options.

FAQs

Q: What are the current real estate market conditions in the GTA for homes under $500,000? A: The GTA’s real estate market for affordable homes is competitive. It’s advisable to act quickly when you find a property that fits your criteria.

Q: Are there any additional costs to consider when buying a home in the GTA? A: Yes, in addition to the purchase price, you should budget for closing costs, property taxes, and home insurance.

Q: Can I negotiate the price of a home in the GTA? A: Yes, negotiation is common in real estate transactions. Your realtor can help you navigate this process.

Q: What amenities can I expect in affordable GTA homes? A: Amenities vary by property, but you can often find homes with features like modern kitchens, outdoor spaces, and proximity to parks and schools.

Q: How do I assess the resale value of a home in the GTA? A: Consider factors like location, neighborhood trends, and the condition of the property when assessing its resale potential.

Q: Are there any government incentives for first-time homebuyers in the GTA? A: Yes, the Government of Canada offers programs to support first-time homebuyers, including the First-Time Home Buyer Incentive.

Conclusion

Navigating the GTA’s real estate market, especially for homes under $500,000, requires careful planning and expert guidance. By setting your budget, exploring diverse neighborhoods, and working with a realtor, you can make the process smoother and more successful.

Remember, the GTA offers an array of opportunities for those looking for affordable homes, whether you’re a first-time buyer, investor, or simply searching for a cozy place to live.

Now, armed with knowledge about Homes For Sale in the GTA, Price under $500,000, you’re ready to embark on your real estate journey in this exciting region. Happy house hunting!

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Process of Buying a Home

For many, the dream of home ownership starts with buying a condo in Toronto. The city offers a wide variety of properties to choose from, and for first time buyers, there are plenty of options available that won’t break the bank.

Of course, buying your first home is a major decision, and there are a few things you need to keep in mind when making your purchase. Here are a few tips for first time home buyers in Toronto:

1. Make sure you budget realistically. When buying a condo, it’s important to remember that you’ll also have to factor in monthly costs like property taxes and maintenance fees. Don’t forget to include these expenses in your calculations when deciding how much you can afford.

2. Research the market carefully. It’s important to know what’s available and how much different properties are selling for before making an offer on anything.

Toronto is a great city to buy your first home. The condo market is hot right now and there are a lot of choices for first time buyers. It can be overwhelming to figure out where to start, so here are some tips to help you get started.

The first step is to figure out how much you can afford. Your mortgage broker can help you with this, but make sure you have a good idea of your monthly expenses and how much money you have saved up for a down payment.

Next, decide what type of condo you want. Do you want a downtown Toronto condo or one in the suburbs? Do you want a studio or one-bedroom? Make a list of what’s important to you and start browsing condos online or in person.

Finally, don’t be afraid to ask for help when looking for a house for sale, your local Real Estate Agent, that’s me..  Tony Sousa has access to all the MLS Real Estate Listings. Is it the right time to buy real estate? or will the toronto real estate market come down as interest rates go up?

When is the right time to buy Toronto Real Estate

In reality, there is no single right answer when it comes to buying Toronto real estate. It all depends on your personal circumstances and what you are hoping to achieve. If you are looking for a long-term investment, then it may be wise to buy sooner rather than later.

MLS Listing, Homes for Sale

MLS Real Estate Listings

Toronto and Mississauga are two of the most popular locations in Canada for first time home buyers. The MLS real estate listings in these cities offer a wide variety of housing options to choose from, from condos and townhouses to detached homes.

The Toronto real estate market is booming, with the average price for a detached home reaching over $1.8 million. However, there are still many affordable options available in the city’s suburbs, such as Mississauga. In Mississauga, the average price for a detached home is around $1,000,000, making it an attractive option for those looking to get into the housing market.

There are also many great neighbourhoods to choose from in both Toronto and Mississauga. In Toronto, popular areas include Leslieville, Riverdale and The Junction. While in Mississauga, locals favour areas like Streetsville, Port Credit and Clarkson.