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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 $498,000
House For Sale in toronto, 101 - 1 NEIGHBORHOOD LANE

101 - 1 Neighborhood Lane

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome To The Neighborhood. This Fabulous 1 Bedroom And Den Condo Welcomes You With 10'Ceilings AndAn Open Concept Living Space. Flooded With Natural Light And Adorned With Custom Built-In's In BothThe Living Room And The Den; There Is No Lack Of Storage Here! As One Of The Few Ground Floor Units,Suite 101 Has A Large Patio With A Walk Out To The Gardens. **** EXTRAS **** Offers To Be Presented On Wednesday March 20th 2024 at 5pm.Seller Has Transferrable Parking For $150/Month. Inquire With LA.Utilities Are With Provident And Are Approx $100/Month For Heat, Hydro & Water. (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $499,000
House For Sale in toronto, 607 - 36 PARK LAWN ROAD

607 - 36 Park Lawn Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to Key West Condos. This spacious 1-bedroom suite is ideal for first-time home buyers or savvy investors. Features include large closets, 9-foot smooth ceilings, good-size balcony, and modern finishes throughout. Enjoy the sleek kitchen with stainless steel appliances and stunning quartz countertops. Your gateway to luxury living in Mimico! Just a 5-minute stroll to the lake, this location offers seamless transit options via streetcar, GO Train, and bus. It's also only a 15-minute drive to the vibrant King West. Experience the perfect blend of convenience and comfort in this dynamic neighbourhood. Don't miss your chance to call this exceptional property home. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in burlington, 504 - 2087 FAIRVIEW STREET

504 - 2087 Fairview Street

Burlington, Ontario

1 Bedroom 1 Bathroom
OPEN BEDROOM OPEN CONCEPT LUXURY CONDOMINIUM IN PRIME LOCATION IN BURLINGTON! LOCATED RIGHT BESIDE GO TRAIN & GO BUSES, WALMART, PUBLIC TRANSIT. MINUTES FROM DOWNTOWN BURLINGTON. FEATURING TERRACE ACCESS FROM BEDROOM & LIVING ROOM, QUARTZ COUNTERTOPS, VINYL FLOORING, 24HRS CONCIERGE, INDOOR POOL, PARTY ROOM, GYM, ROOF TOP DECK, VISTING PARKING, GUEST SUITES, BBQ AREA & GREEN SPACE! (id:51158)
Homes for sale in Burlington
For sale $449,900
House For Sale in toronto, 601W - 36 LISGAR STREET

601w - 36 Lisgar Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Huge 1 Bed Model 489 SQ FT (Most 1 bedroom Units - 395 SQ FT) Edge On Triangle Park. 10 Year New Luxury Condo In Great Location, Little Portugal At Queen Street West, Modern Open Concept Kitchen With Stainless Steel Appliances & Granite Countertop, Laminate Flooring Throughout, Very Functional Layout, Steps Trinity Bellwoods Park, Shopping, Night Life, Restaurants, T.T.C. Queen Streetcar At Your Doorstep. WATCH THE VIDEO TOUR! **** EXTRAS **** Heat Pump unit is owned! ($732.00 in savings every year!) Parking could be purchased separately - ask L.A. WATCH THE VIDEO TOUR! (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $449,000
House For Sale in toronto, 404 - 581 AVENUE ROAD

404 - 581 Avenue Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to the highly desired Avenue & St. Clair neighbourhood! This fantastic and spacious 1-bedroom unit features an extra large balcony with dual access from LR/DR & BR, updated kitchen with extra cabinets, renovated 3 piece bathroom and ample closet & cupboard space. With over 700 sq ft this unit will make anyone feel at home! Includes personal locker on main floor & underground garage bike storage. Situated just 10 minutes from downtown and a stone's throw away from public transportation/ Yonge subway line. It is easy walking distance to Forest Hill Village, Yonge & St. Clair shops, fine dining, local pubs, grocery shops, LCBO & scenic outdoor trails for both walking & biking. This unit really does offer the best of city living! Monthly fees include Taxes, Heat, Water, Rogers Ignite TV & unlimited Internet, and on-site Superintendent. **** EXTRAS **** Well managed, secure building with FOB & Intercom access. Building with recent renovations including main pipes, doors, windows and balconies, elevator, lobby and halls. (id:51158)
Homes for sale in Toronto
For rent $18,888 Monthly
House For Sale in toronto, PH 2 - 169 FORT YORK BOULEVARD

Ph 2 - 169 Fort York Boulevard

Toronto, Ontario

8 Bedroom 11 Bathroom
Nestled In One Of The World's Most Vibrant Cities, This Exceptional Penthouse in The Garrison Sets A New Standard For Urban Luxury Living. Boasting Eight Bedrooms And Eleven Bathrooms, It Offers Breathtaking Views From Every Angle, Creating A Statement Of Opulence. Upon Entry, Sophistication Seamlessly Blends With Practicality, Featuring A State-Of-The-Art Kitchen, A 150-Capacity Wine Fridge, And A 14-Person Dining Area, Perfect For Entertaining. The Rooftop Terrace Beckons With A Private Hot Tub Amidst Panoramic City Lake and Views, Including The Iconic CN Tower. Floor-To-Ceiling Windows Flood The Space With Natural Light, Controlled By Automatic Blinds For Privacy, While The 20-Foot Ceilings Elevate The Grandeur Of The Residence. Fully Furnished With Curated Decor, Every Detail Exudes Sophistication, Ensuring A Seamless And Luxurious Living Experience. The Pinnacle Lies In The Expansive Rooftop Patio, Offering A Secluded Oasis With A Hot Tub And Sweeping City and Lake Vistas. 2 Bathrooms on Terrace. Private Garage with 6 Parking Spots. A True Retreat For Relaxation And Entertainment. Don't Miss This Opportunity! Must Be Seen! **** EXTRAS **** All Kitchen Appliances By GE Monogram, GE Monogram Washer and Dryer, All Light Fixtures, All Window Coverings, All Furnishings. (id:51158)
Homes for sale in Toronto
For sale $429,000
House For Sale in toronto, 718 - 170 BAYVIEW AVENUE

718 - 170 Bayview Avenue

Toronto, Ontario

1 Bathroom
Attention First Time Home Buyers!!! Live In Toronto's Highly Desired Neighbourhood In Award-Winning River City 3. Minutes To King Street Car, Dvp/Qew, Comes With 9'Ft Exposed Concrete Ceilings, Freshly Painted With Wood Floorings Throughout, Floor To Ceiling Windows. Steps To City's Best Attractions, Distillery, Corktown Common, Don River, Shopping, Transit, George Brown College. 2000+ Sqft Gym, Yoga Rm, Office Spaces, Kids Play Space, Dog Park, 24Hr Concierge, Outdoor Pool. One of the Best View in the Entire River City Collection!!! **** EXTRAS **** Integrated B/I Appliances, Fridge, Stove, Dishwasher, Hood Fan, Washer/Dryer Combo, Light Fixtures, Window Blinds. (id:51158)
Homes for sale in Toronto
For sale $448,000
House For Sale in toronto, PH108 - 87 PETER STREET

Ph108 - 87 Peter Street

Toronto, Ontario

1 Bathroom
Menkes Top flr Penthouse Studio Unit At Noir residences. Exclusive 10 ft ceiling, laminate T/O, floor to ceiling windows and a Large Balcony w unobstructed City View! Modern Design Kitchen Open Concept w Built-In Appliances. Nestled In The Heart Of Toronto's Entertainment District, Downtown Core, Shopping, Grocery, Public Transit, Restaurants, Very Convenient Location. Building Amenities: Gym, Party, Game, Media Room, Hot Tub, Sauna, Yoga Studio & Concierge **** EXTRAS **** Built-in fridge, cook top stove, oven, dishwasher, microwave, washer and dryer. (id:51158)
Homes for sale in Toronto
For sale $489,000
House For Sale in toronto, 1009 - 5500 YONGE STREET

1009 - 5500 Yonge Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Bright And Spacious One Bedroom In The Heart Of North York With No Wasted Space And Sunny North West Views Overlooking The Building Courtyard. Walking Distance To Several Great Shops And Restaurants And Steps To Finch Subway, Minutes. Owners Will Enjoy A Range Of Amenities, Including Concierge, Game Room, Guest Suite, Gym, Party/Meeting Room, And Ample Visitor Parking. **** EXTRAS **** Fridge, Stove, Dishwasher, Washer & Dryer, All Window Coverings, Electrical Light Fixtures. (id:51158)
Homes for sale in Toronto
For sale $448,000
House For Sale in toronto, 87 PETER Street Unit# PH108

87 Peter Street Unit# Ph108

Toronto, Ontario

1 Bathroom 264.29 sqft
Menkes Top flr Penthouse Studio Unit At Noir residences. Exclusive 10 ft ceiling, laminate T/O, floor to ceiling windows and a Large Balcony w unobstructed City View! Modern Design Kitchen Open Concept w Built-In Appliances. Nestled In The Heart Of Toronto's Entertainment District, Downtown Core, Shopping, Grocery, Public Transit, Restaurants, Very Convenient Location. Building Amenities: Gym, Party, Game, Media Room, Hot Tub, Sauna, Yoga Studio & Concierge (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $500,000
House For Sale in toronto, 810 - 1 VALHALLA INN ROAD

810 - 1 Valhalla Inn Road

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome to this spacious sun filled suite with clear views to the CN Tower and overlooks Residential homes and greenspace. The primary bedroom features floor to ceiling windows, a walk in closet and a semi ensuite 4 piece bathroom. The den is also a full size room that could be used for multiple uses such as an office, dining room or a bedroom. This condo complex comes with a full suite of amenities which includes visitor parking, business centre, multiple gyms, swimming pool, hot tub, sauna, rental suites, play ground, dog park, theatre room, party room, kitchen, dining room, outdoor patio with BBQ's, and concierge. The suite includes one owned underground parking spot and one owned locker. This corner unit features a wonderful picturesque South/East facing balcony, ensuite Laundry, and stainless steel appliances. **** EXTRAS **** One Valhalla is easily accessible to 427, Gardiner Expressway and the QEW. Located close to Sherway Gardens, Restaurants, schools, and parks. (id:51158)
Homes for sale in Toronto
For sale $459,990
House For Sale in hamilton, 1360 Barton Street E

1360 Barton Street E

Hamilton, Ontario

2 Bedroom 1 Bathroom 802 sqft
Welcome to 1360 Barton Street East. This adorable, Homeside bungalow is the perfect opportunity for a first-time homebuyer looking for a quality starter home. Featuring 2 bedrooms, a newly renovated bathroom and kitchen with stainless steel appliances, engineered hardwood throughout, new front/back deck and doors, a bonus basement playroom and plenty of storage, you'll find every square foot of this home has been thoughtfully maximized. The property offers parking for 3 cars and a private yard waiting for your green thumb. Conveniently located close to shopping, dining, transit and Ottawa Street, this home is both walkable and ideal for commuters, Offers anytime - don't miss your chance to own this lovely home. (id:51158)
Homes for sale in Hamilton
For sale $364,999
House For Sale in hamilton, 11 WOODMAN Drive S|Unit #405

11 Woodman Drive S, Unit #405

Hamilton, Ontario

1 Bedroom 1 Bathroom 732 sqft
Welcome to this charming 1-bedroom, 1-bathroom condo located in a meticulously maintained building, offering the perfect blend of comfort and convenience. Situated in a fantastic location, this home is ideal for those seeking easy access to daily essentials. Step inside to discover a bright and inviting living space with an open-concept layout that maximizes functionality and flow. The cozy living room is perfect for relaxing or entertaining. Eat in Kitchen with tons of cupboard space. The spacious bedroom provides a peaceful retreat with generous closet space. prime location, just steps away from major highways, making commuting a breeze. Shopping enthusiasts will appreciate the proximity to a variety of retail options, while families will benefit from the nearby schools. Whether you’re a first-time homebuyer, a downsizer, or an investor, this property offers unmatched value and convenience. (id:51158)
Homes for sale in Hamilton
For sale $449,900
House For Sale in hamilton, 99 PROVINCE Street N

99 Province Street N

Hamilton, Ontario

2 Bedroom 1 Bathroom 505 sqft
Detached one storey two bedroom bungalow with rear detached garage. Features bamboo and ceramic floors, frosted glass interior doors, an eat-in kitchen with a walk out to deck. Updated roof and windows,tankless water heater. Garage re-shingled and re-sided with separate 60 amp panel. (id:51158)
Homes for sale in Hamilton
For sale $399,900
House For Sale in hamilton, 111 WELLINGTON STREET S

111 Wellington Street S

Hamilton, Ontario

4 Bedroom 3 Bathroom
Nestled in the heart of Hamilton, this charming property offers an excellent opportunity for renovation enthusiasts or investors looking to restore a home to its former glory. This residence presents the chance to customize and create a personalized space tailored to your preferences. With its prime location on Wellington St S, you'll enjoy easy access to downtown Hamilton amenities while still maintaining a sense of tranquility in this residential neighborhood. Ideal for investors or DIY enthusiasts, this property allows for creative remodeling and potential value appreciation. (id:51158)
Homes for sale in Hamilton
For sale OPEN HOUSE $450,000
House For Sale in toronto, 1097 - 100 MORNELLE COURT

1097 - 100 Mornelle Court

Toronto, Ontario

3 Bedroom 2 Bathroom
Two-Level Condo Townhouse Across From UofT, Centennial College and Pan Am Sports Centre! Steps from TTC, Hwy 401, Shops, Restaurants and Hospital. Perfect for Rental Investors and First Time Home Buyers. Spacious Living and Dining Rooms with Two plus One Bedrooms. Living Room Walk-out to Fenced-in Patio. BBQ Allowed. Primary Bedroom has a 3-piece Ensuite, Walk-in and His & Her Closets. Newly Renovated and Professionally Cleaned. Brand New Laminated Flooring, Light Fixtures, Interior Doors and Dishwasher. New Quartz Countertops in Kitchen and Bathrooms. Large Ensuite Locker Also Serves as Laundry Room. Lots of Closet and Storage Space. Two Parking Spots. Building Amenities Includes - Indoor Pool, Exercise Room, Visitors Parking. **** EXTRAS **** Parking Spot #158 is exclusive use and parking spot #234 is rental at $50/month. (id:51158)
Homes for sale in Toronto
For sale $474,990
House For Sale in toronto, 319 - 3100 KEELE STREET

319 - 3100 Keele Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to this brand new, stylish condo unit located in the vibrant Downsview neighborhood of Toronto. Perfectly designed for modern living, this 1 bedroom, 1 bathroom Corner Unit with Parking offers a blend of comfort and luxury. This layout maximizes the use of space, boasting a functional living environment. The Kitchen Features High-end Stainless Steel Appliances, Quartz Countertops,Built-in Combo Rangehood with Microwave. Large Windows with an unobstructed view letting in tons of Natural Light! Residents have access to top-notch building amenities, including a fitness center,children's playroom, party room, 24/7 concierge service and more! Steps to Downsview Park, TTC Transit, York University, Humber River Hospital, Trails, Restaurants, Retail Stores & Malls. Easy access to Highway 400, 401, and Allen Rd. Don't miss this opportunity to live in the thriving Downsview Park community! **** EXTRAS **** Parking is Included! Parking is located on P3 Spot #336 (id:51158)
Homes for sale in Toronto
For rent $18,750 Monthly
House For Sale in toronto, 140 HARRISON Street

140 Harrison Street

Toronto, Ontario

4 Bedroom 5 Bathroom 3188 sqft
Lease this fully furnished, 3-storey home at 140 Harrison Street! Enjoy the revamped exterior with light stucco, onyx finishes, and oversized fixtures. Inside, experience extravagant finishes, floor-to-ceiling windows, engineered hardwood floors, and a sleek kitchen with a quartz 11’ island. The open concept extends to the redesigned private yard. The second level has 2 bedrooms, 2 baths, laundry, and an office. The third-floor primary suite includes a private terrace and spa-like ensuite. The lower level features a second living room, utility room, large bedroom, and fifth bathroom. Upgrades include new electrical, plumbing, HVAC, and more. Lease term is for 1 year, but Landlords are open to short term lease at a premium. Home comes furnished. Tenants are responsible for all utilities. (id:51158)
Homes for sale in Toronto
For sale $500,000
House For Sale in hamilton, 75 Queen Street N|Unit #1903

75 Queen Street N, Unit #1903

Hamilton, Ontario

3 Bedroom 2 Bathroom 1265 sqft
One of the larger units in the building, located on the 19th floor with tasteful upgrades & breathtaking views. This 3 bedroom, 2 bathroom condo has been meticulously enhanced with stylish improvements, ensuring both elegance & functionality. Step inside to discover a chic high-quality white kitchen adorned with gold hardware & quartz countertops. The top of the line appliances add a special feel of glamour to this space. The updated flooring throughout in soothing tones, creates a serene ambiance you will love to come home to. The bathroom has been transformed with a sleek glass shower, offering the perfect blend of modern sophistication. The balcony enclosed in a glass railing faces South-East offering stunning vistas of the lake, city skyline & the majestic escarpment during day or night. Building amenities: rooftop terrace & indoor pool, sauna, gym, EV chargers, car wash, workshop, visitor parking, tennis court, BBQs, fully fenced private gardens behind the building, Bell Fibe internet & TV pkg. Not only will this location appeal to you if you enjoy walking, cycling or utilize public transit, it’s also handy to the 403, commuting will be easy! Convenient to McMaster Hospital/University. Surrounded by the arts, culture, recreation of downtown Hamilton. Walking distance to James St. North, Locke St, Farmer’s Market & West Harbour GO. (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in toronto, 601 - 458 RICHMOND STREET W

601 - 458 Richmond Street W

Toronto, Ontario

1 Bedroom 1 Bathroom
Bienvenido To Heart Of Downtown Toronto, 1 Bedroom 1 Bath Condo, Right At Richmond & Spadina, You Are Between MidTown And DownTown Waterfront, Walking Distance To China Town And Kensington Market, At The Back Of The Building You Have Iconic Graffiti Alley And King & Queen St W To Ossington Ave. Grocery Stores, Banks, All The Unique Bars & Restaurant Is Just At Your Foot Steps. This Unit Comes With An Huge (About 100 SqFt) Balcony With No Obstruction, Which You Can Enjoy The Direct Sun And Watch The Skyline Of Downtown Toronto At Night With No Face Of Street. Modern Kitchen With Luxury Interior Design, High Ceiling With Concrete Finish Made This Unit Like A Beautiful Loft That You Can Call It Home Sweet Home. **** EXTRAS **** All Existing Electrical Light Fixtures, Stainless Steel & Built In Fridge, Microwave, Dishwasher, Countertop Stove And Oven, Washer & Dryer. (id:51158)
Homes for sale in Toronto
For sale $419,999
House For Sale in mississauga, 407 - 5150 WINSTON CHURCHILL BOULEVARD

407 - 5150 Winston Churchill Boulevard

Mississauga, Ontario

1 Bathroom
This cozy bachelor suite in the prime neighbourhood of Churchill Meadows is a perfect starter home if you're looking to jump into the market or for investors looking for a solid rental property at a great price! Featuring ceramic flooring, a large ensuite laundry, a 3 piece bathroom, tons of cupboard space and mirrored closets. Includes one underground parking spot. (id:51158)
Homes for sale in Mississauga
For sale $460,000
House For Sale in toronto, 808 - 105 MCCAUL STREET

808 - 105 Mccaul Street

Toronto, Ontario

1 Bedroom 1 Bathroom
Attention to all first time home buyers. This is your chance to get your foot in the door and own a unit in a prime downtown location! Steps away from everything. Art gallery, shops, entertainment, TTC & more. **** EXTRAS **** Fridge, stove, light fixtures (id:51158)
Homes for sale in Toronto
For sale $419,000
House For Sale in toronto, 704 - 575 AVENUE ROAD

704 - 575 Avenue Road

Toronto, Ontario

1 Bedroom 1 Bathroom
Heathaven Co-op is located in the heart of Deer Park one of Toronto's most desirable neighbourhoods. Easy walk to shops and restaurants either at Forest Hill Village, or at Yonge & St Clair. Walk or bike on the Belt Line Trail. Rooftop Terrace with BBQ. Outdoor visitor parking. TTC at your door. Maintenance fees include taxes, Rogers cable TV & Internet. Building has main floor laundry room. This building does not permit ensuite laundry with non-venting dryers. Price per square foot for this location is amazing value. (id:51158)
Homes for sale in Toronto
For sale $449,000
House For Sale in hamilton, 201 FENNELL AVENUE E

201 Fennell Avenue E

Hamilton, Ontario

2 Bedroom 1 Bathroom
Discover the potential of this charming bungalow situated in a prime mountain location. Featuring a generous 50 x 114 lot, this property is perfect for investors or handymen. With your TLC and finishing touches, you can unlock its full potential. (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.