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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 $499,000
House For Sale in toronto, #603 -280 DONLANDS AVE

#603 -280 Donlands Ave

Toronto, Ontario

2 Bedroom 1 Bathroom
Sunny NE corner unit. Just under 700sf of living space, tons of natural light and, unobstructed skyline views, and magical sunrises. Open balcony, spacious and functional 1+den layout. Rooftop terrace, bbq/lounge area, close to Danforth, Restaurants, schools, hospital, parks, 2 TTC routes and easy DVP access. Great for young professionals and first time buyers. A must see. **** EXTRAS **** Parking Rental Can Be Assumed (id:51158)
Homes for sale in Toronto
For sale $489,000
House For Sale in toronto, #905 -31 TIPPETT RD

#905 -31 Tippett Rd

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to Southside Condos at 31 Tippett Rd. Enjoy this 1 bedroom/1 bath with sleek finishes, modern light fixtures and a kitchen island. Conveniently located just steps away from Wilson subway station and a few minutes from Yorkdale shopping center. Building amenities include: concierge, gym, party room, yoga studio, pool and more! 1 parking and 1 locker included. (id:51158)
Homes for sale in Toronto
For sale $488,888
House For Sale in toronto, #1111 -30 HARRISON GARDEN BLVD

#1111 -30 Harrison Garden Blvd

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to 30 Harrison Garden Blvd #1111, where urban living meets contemporary elegance. This well maintained 1 Bed - 1 Bath unit boasts a seamless open floor plan flooded with natural light, creating an inviting ambiance perfect for entertaining. The living space features a convenient walkout to the balcony, offering east views. The kitchen is equipped with appliances, a stylish backsplash and a center island that doubles as a breakfast bar. The primary suite features floor-to-ceiling windows and ample closet space for all your storage needs. Residents of the Spectrum Condos can enjoy an array of five-star amenities, including a 24-hour concierge, gym, sauna, party room, guest suites and a BBQ area. With easy access to the subway, bus routes, and major highways such as the DVP, 401, 404, and 427, commuting and exploring the city is a breeze! **** EXTRAS **** Listing contains virtually staged photos. 24 hours notice for showings. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #606 -59 ANNIE CRAIG DR

#606 -59 Annie Craig Dr

Toronto, Ontario

1 Bedroom 1 Bathroom
Luxury Waterfront Condo With Lake-View!! Facing South West, Contemporary Kitchen W/Center Island, Granite Countertop And Stainless Steel Appliances, Bright And Spacious Layout, 9' Ceilings, Floor-To-Ceiling Windows, Laminate Floors, Large Balcony Great Building Amenities: Concierge, Exercise Room, Guest Suites, Party/ Meeting Room, Visitor Parking, Steps To Supermarket, Restaurants, Shops, Lake & Humber Bay Park/Trail, QEW & Easy Access To Downtown. **** EXTRAS **** S/S Fridge, S/S Stove, B/I Dishwasher, B/I Microwave With Hood Fan, Stacked Washer & Dryer. 1 Parking & 1 Locker! 5 Star Amenities: Indoor Pool, Hot Tub, Party/Meeting Room, Gym, Sauna, Roof Top Terrace And Much More. (id:51158)
Homes for sale in Toronto
For sale $499,900
House For Sale in toronto, 1420 DUPONT Street Unit# 1209

1420 Dupont Street Unit# 1209

Toronto, Ontario

1 Bedroom 1 Bathroom 502
Fantastic opportunity to own a 1 Bed, 1 Bath Condo + 1 Owned Parking Space! This inviting condo offers convenience and comfort in the Junction Triangle! Including 1 owned extra-wide underground parking space conveniently located next to elevators plus tons of visitor parking. Enjoy the open layout featuring an eat-in kitchen with granite counters and stainless steel appliances (fridge 2023). Unwind on your private balcony with serene views and no neighbouring balconies in sight. In-suite laundry adds convenience to urban living. This unit has been freshly painted and is completely move-in ready. Enjoy the amazing building amenities: Theatre room, Gym, Yoga studio, Billiards room, bike storage, library/lounge, secured entrance with concierge/security, Events rooms, large terrace green space with seating and walking path, and more! Fuse Condos are also connected to Shoppers Drugmart and a grocery store, all essentials are just steps away. Experience a sense of community in the Junction Triangle neighbourhood. Enjoy nearby local shops, restaurants, cafes, and bars such as Mattachioni, Gus Tacos, and North of Brooklyn Pizza - to name a few! Literally steps to the TTC and a short walk to Lansdowne Station, UP Express, and Go Train access. Don't miss out on this opportunity – schedule your viewing today! Easy to show! (id:51158)
Homes for sale in Toronto
For sale $299,900
House For Sale in hamilton, 198 PROVINCE ST N

198 Province St N

Hamilton, Ontario

2 Bedroom 1 Bathroom
This home needs a little bit of love! Located in a great family neighbourhood with a deep lot there is opportunity to add lots of value here! Great for investors or handy first time buyers. The roof was redone in 2021. This property is being sold ""as is"". (id:51158)
Homes for sale in Hamilton
For sale $399,000
House For Sale in mississauga, #1704 -2545 ERIN CENTRE BLVD

#1704 -2545 Erin Centre Blvd

Mississauga, Ontario

1 Bedroom 1 Bathroom
Condo Unit Located in Central Erin Mills, Walking Distance to John Fraser SS and St. Aloysius Gonzaga SS Across From Erin Mills Town Centre Community Centre Library Hwy 403 Closeby Extensive Renovation Was Done Few Years Ago Including Kitchen Bathroom & Standing Shower Closet Appliances Open Balcony Great View South East Exposure One Parking & One Locker are Included. **** EXTRAS **** All Appliances were bought in 2020, Fridge, Stove, Washer & Dryer, Hood Fan, All Existing Light Fixtures, All Existing Window Coverings. *Gas, Hydro & Water are included in the Condo Fee. (id:51158)
Homes for sale in Mississauga
For sale $408,888
House For Sale in toronto, #603 -4 PARK VISTA

#603 -4 Park Vista

Toronto, Ontario

2 Bedroom 1 Bathroom
Beautiful and unique 750 sqft condo with a Ravine View, in the Upper Beaches. Park Vista is the Hidden Gem of the East, directly facing Taylor Creek Park, offering a mix of convenient apartment living, while also granting access to beautiful trails and green space. The unit includes: ensuite laundry, a large bedroom with a walk-in closet, and direct access to washroom. The most unique feature: an office surrounded by glass, and full of sunlight. Walking distance to 2 subway stations, restaurants, entertainment and shopping. Great selection of condo amenities including a gym, sauna, and hot tub. (id:51158)
Homes for sale in Toronto
For sale $488,000
House For Sale in toronto, #812 -75 QUEENS WHARF RD

#812 -75 Queens Wharf Rd

Toronto, Ontario

1 Bedroom 1 Bathroom
Experience Urban Living at Its Finest In This Exquisite 1-Bedroom Condo Nestled in the Heart of Downtown Toronto. Boasting Modern Elegance and Unparalleled Convenience, This Property Offers a Luxurious Retreat Amidst the Vibrant Cityscape With Stunning Views, Contemporary Amenities, and Proximity to Top Attractions, Seize the Opportunity to Own Your Slice of Toronto's Cosmopolitan Lifestyle. Don't Miss Out on This Opportunity. 572 sq ft Unit Plus 110 sq ft Balcony (id:51158)
Homes for sale in Toronto
For sale $449,900
House For Sale in mississauga, #505 -2323 CONFEDERATION PKWY

#505 -2323 Confederation Pkwy

Mississauga, Ontario

2 Bedroom 2 Bathroom
Welcome to 2323 Confederation Parkway! This updated and bright condo is move in ready and feels very spacious with 1062 sq ft of livable space. You will be amazed at the sizeable front entry, combined living and dining room, two large bedrooms, and very generous closet space...value that is hard to find at this price level! Updates include new vinyl flooring throughout and modernized bathrooms. A fully enclosed balcony feels like an added bonus and can be used as an additional seating area, playroom, or even more storage space. This condo unit includes 1 parking spot and 2 good-sized lockers (one on the same floor and one in the basement). Condo fees include all utilities! Only a quick drive to the popular Port Credit area, where you will be able to enjoy everything this area offers...numerous cafes, restaurants, waterfront trails, parks, and marinas. Conveniently located close to Trillium Hospital (site of the much anticipated new Mississauga Hospital), the Port Credit GO, and the QEW. **** EXTRAS **** 1 parking and 2 lockers (one on 5th floor & one in basement). Amenities include party and games room with kitchen, bike storage room, wood working room, gym w/ cardio equipment & weights, yoga & pilates room, etc. Coin laundry in basement. (id:51158)
Homes for sale in Mississauga
For sale $499,899
House For Sale in toronto, #1209 -1420 DUPONT ST

#1209 -1420 Dupont St

Toronto, Ontario

1 Bedroom 1 Bathroom
Fantastic opportunity to own a 1 Bed, 1 Bath Condo + 1 Owned Parking Space! This inviting condo offers convenience and comfort in the Junction Triangle! Including 1 owned extra-wide underground parking space conveniently located next to elevators plus tons of visitor parking. Enjoy the open layout featuring an eat-in kitchen with granite counters and stainless steel appliances (fridge 2023). Unwind on your private balcony with serene views and no neighbouring balconies in sight. In-suite laundry adds convenience to urban living. This unit has been freshly painted and is completely move-in ready. Enjoy the amazing building amenities: Theatre room, Gym, Yoga studio, Billiards room, bike storage, library/lounge, secured entrance with concierge/security, Events rooms, large terrace green space with seating and walking path, and more! Fuse Condos are also connected to Shoppers Drugmart and a grocery store, all essentials are just steps away. Experience a sense of community in the Junction Triangle neighbourhood. Enjoy nearby local shops, restaurants, cafes, and bars such as Mattachioni, Gus Tacos, and North of Brooklyn Pizza - to name a few! Literally steps to the TTC and a short walk to Lansdowne Station, UP Express, and Go Train access. Don't miss out on this opportunity schedule your viewing today! Easy to show! **** EXTRAS **** Concierge/Security Guard, Smoke Detector(s) (id:51158)
Homes for sale in Toronto
For sale $368,000
House For Sale in toronto, #1812 -100 LEEWARD GLWY

#1812 -100 Leeward Glwy

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to This Well Maintained Move-In Ready Suite. Features an Open Concept Floor Plan, Laminate and Ceramic Flooring Throughout, Large Windows, Gourmet Custom Kitchen with Quartz Counter tops and Backsplash, Stainless Steel Appliances, Conveniently Located to All Amenities, Mins To Schools, Parks, Library, Worship Places, Shopping, Ontario Science Centre, Minutes To DVP, HWY 401. Onsite Daycare Available! Excellent Amenities Include Swimming Pool, Exercise Room, Billiard, Sauna. Low Maintenance fee Covers All the Utilities, Cable, and Much More! **** EXTRAS **** Fridge, Stove, All Window Covering, All Electrical Light Fixtures, (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #1201 -197 YONGE ST

#1201 -197 Yonge St

Toronto, Ontario

1 Bedroom 1 Bathroom
Welcome to the renowned Massey Tower, a combination of historic & modern luxurious design building located in the heart of the City! Bright & spacious, open concept layout, stunning 1 bedroom sun filled suite, modern kitchen, 9 ft ceiling, steps To Queen Subway Station, Eaton Centre, Dundas Square, U Of Ryerson, entertainment, shopping & more! Building amenities include party/meeting room, gym, outdoor patio, lounge, guest suites, roof garden, concierge! Perfect home for young professionals! (id:51158)
Homes for sale in Toronto
For sale $449,900
House For Sale in mississauga, 2323 CONFEDERATION Parkway Unit# 505

2323 Confederation Parkway Unit# 505

Mississauga, Ontario

2 Bedroom 2 Bathroom 1062
Welcome to 2323 Confederation Parkway! This updated and bright condo is move in ready and feels very spacious with 1062 sq ft of livable space. You will be amazed at the sizeable front entry, combined living and dining room, two large bedrooms, and very generous closet space…value that is hard to find at this price level! Updates include new vinyl flooring throughout and modernized bathrooms. A fully enclosed balcony feels like an added bonus and can be used as an additional seating area, playroom, or even more storage space. This condo unit includes 1 parking spot and 2 good-sized lockers (one on the same floor and one in the basement). Condo fees include all utilities! Only a quick drive to the popular Port Credit area, where you will be able to enjoy everything this area offers…… numerous cafes, restaurants, waterfront trails, parks, and marinas. Conveniently located close to Trillium Hospital (site of the much anticipated new Mississauga Hospital), the Port Credit GO, and the QEW. (id:51158)
Homes for sale in Mississauga
For sale $449,999
House For Sale in toronto, 1926 LAKESHORE BOULEVARD WEST Boulevard W Unit# 1515

1926 Lakeshore Boulevard West Boulevard W Unit# 1515

Toronto, Ontario

1 Bedroom 1 Bathroom 457
Live on the lake in Toronto’s sought after waterfront community. This condominium is in the luxurious Mirabella Building. Step outside your door onto the waterfront trail and beaches from this prestigious lakeside address. This modern suite has a sleek kitchen with top of the line appliances that opens into living room with balcony. The enclosed bedroom is spacious with views of the lake from the expansive window. There are many upgrades and the unit offers in-suite laundry. 24 hour concierge service, indoor pool, sauna, outdoor BBQ, guest suites for visitors and well equipped fitness centre, yoga room, party room, kids room and a business centre is amongst its many amenities. Enjoy your morning coffee with views of the lake from your balcony. Conveniently located with highway access, TTC, trails, great schools and nature at your doorstep. Buy with confidence in this upscale community in this waterfront area and enjoy prime lakeside living. (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in hamilton, 212 KING WILLIAM Street Unit# 902

212 King William Street Unit# 902

Hamilton, Ontario

2 Bedroom 1 Bathroom 674
KIWI Condo: Immerse Yourself in the Artful Heart of King William: This stunning Kiwi Condo, designed with style by Rosehaven Homes, places you in the vibrant center of Hamilton's King William Art District. Live surrounded by galleries, trendy restaurants, and cafes within this exceptionally walkable neighbourhood. Commute easily via nearby public transit and join the monthly art crawl outside your door! Elevated Lifestyle, Exceptional Amenities: From the modern lobby with 24-hour concierge to the rooftop terrace with BBQs, lounge areas, and breathtaking city/lake views, KIWI offers unparalleled amenities. Stay fit in the gym/yoga studio, host gatherings in the party room, and pamper your pets with the on-site wash station. Enjoy secure bike storage, underground parking, and the peace of mind that comes with 24-hour security and packages are tracked with Luxure One . Urban Oasis with Endless Views: This bright 9th-floor suite boasts an open floor plan and oversized balcony with mesmerizing lake vistas. The primary bedroom features a wall of windows and a walk-in closet. The versatile den is ideal for a home office or guest room. Cook in the sleek kitchen with stainless steel appliances and enjoy in-suite laundry, double-door mirrored foyer closet, plus laminate/ceramic flooring for easy living. Adventure Awaits in King William: Embrace the urban lifestyle! Walk to work or errands (99 Walk Score!), easily access the Hamilton GO (84 Transit Score), or explore on two wheels (90 Bike Score). KIWI Condo places you where the action is – galleries, restaurants, waterfront parks, and trails are steps away. Hamilton is home to more than 100 waterfalls tucked behind the trails of the Niagara Escarpment. No weight restriction on pets, just a limit of two (see rules). Don't miss this opportunity to live your best life at KIWI. See attachments for a list of galleries and great local restaurants. Schedule a viewing and experience the King William lifestyle for yourself! (id:51158)
Homes for sale in Hamilton
For sale $299,900
House For Sale in hamilton, 198 PROVINCE Street N

198 Province Street N

Hamilton, Ontario

2 Bedroom 1 Bathroom 665
This home needs a little bit of love! Located in a great family neighbourhood with a deep lot there is opportunity to add lots of value here! Great for investors or handy first time buyers. The roof was redone in 2021. This property is being sold as is. (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in toronto, #901 -736 BAY ST

#901 -736 Bay St

Toronto, Ontario

1 Bedroom 1 Bathroom
Prime Downtown Location: 1 Bedroom with Open Balcony Conveniently located in walking distance to the subway, U of T, Ryerson, and the Financial District,this 1-bedroom apartment boasts a prime downtown location. The Eaton Centre and major hospitals area your doorstep. The unit is bright and clean with hardwood floors in the living, dining, and bedroom areas. Indoor building amenities include guest suites, visitor parking, a gym, billiard room, indoor pool, hot tub, sauna, party room, and 24-hour security. **** EXTRAS **** Fridge , NEW stove,B/I dishwasher,washer and dryer (id:51158)
Homes for sale in Toronto
For sale $486,000
House For Sale in toronto, #2009 -1420 DUPONT ST

#2009 -1420 Dupont St

Toronto, Ontario

1 Bedroom 1 Bathroom
Location! Location! Location! & Sunset Views! This is your opportunity to own a place in one of the most vibrant neighbourhoods in Toronto. Nestled in the heart of Davenport Village, this meticulously maintained one bedroom condo is bright, functional, warm & welcoming. Open concept living & unobstructed views from a high floor make this the perfect space for entertaining. Grocery & pharmacy at your doorstep. Walking distance to the Junction, Bloordale, & Corso Italia as well as transit (the Bloor Danforth subway line & Bloor GO / UP Express). Anticipated new Bloor / Lansdowne GO Station by 2027. Sip lattes at local cafes (Balzacs, Hale), eat at one of many trendy restaurants (Gus Tacos, Sugo, Farmhouse Tavern), grab a slice at North of Brooklyn / Big Trouble, or enjoy nature at nearby parks. Galleria redevelopment nearby will bring more growth to the area. Building amenities include Gym, Yoga Room, Theatre Room & Terrace. One locker incl. Parking can be rented at reasonable prices. (id:51158)
Homes for sale in Toronto
For sale $495,000
House For Sale in mississauga, #159 -2001 BONNYMEDE DR

#159 -2001 Bonnymede Dr

Mississauga, Ontario

3 Bedroom 2 Bathroom
Welcome to your new home in the highly coveted Clarkson neighborhood! This 2-story condo boasts 3 bedrooms and 2 bathrooms, offering ample space for comfortable living. Ideal for investors or first-time homebuyers, this unit presents an opportunity to customize and make it your own. Enjoy the convenience of on-site amenities including a pool, gym, and meeting room. Don't miss out on the chance to reside in this desirable community with endless possibilities! 10 minute walk to Go Train Station! (id:51158)
Homes for sale in Mississauga
For sale $389,000
House For Sale in toronto, #1010 -50 LOTHERTON PTWY

#1010 -50 Lotherton Ptwy

Toronto, Ontario

2 Bedroom 1 Bathroom
Location! Location! close to all amenities with 24 hours TTC service , close to major highways and few minutes from Pearson Alirport. This two bedrooms unit is move in ready. Hardwood floor and smooth ceiling all through out. En-suite Locker and Laundry /Dryer. Updated kitchen with glass tiles back flash. Affordable and great for first time home buyer. **** EXTRAS **** All Elfs, Stove, Fridge, Washer, Dryer and Window Coverings (id:51158)
Homes for sale in Toronto
For sale $499,999
House For Sale in burlington, #205 -5010 CORPORATE DR

#205 -5010 Corporate Dr

Burlington, Ontario

1 Bedroom 1 Bathroom
Discover modern condo living in this 1-bed, 1-bath unit in upscale Burlington. Enjoy open-concept living, a sleek galley kitchen with a breakfast bar and stainless steel appliances, a spacious bedroom with a walk-in closet, in-suite laundry, a large storage locker and underground parking. Prime location near highways, dining, shopping, parks, schools and GO Transit. Building amenities include gym, party room, visitor parking, and rooftop patio with a barbeque. Kitchen appliances are from 2022, washer and dryer are from 2019, the condo fees cover heating, cooling and water. Don't miss out - schedule your showing today! (id:51158)
Homes for sale in Burlington
For sale $369,900
House For Sale in hamilton, #614 -15 ALBRIGHT RD

#614 -15 Albright Rd

Hamilton, Ontario

2 Bedroom 1 Bathroom
You'll be pleasantly surprised if you haven't been in this building for a while. Professionally renovated 18 months ago, Nicely renovated kitchen with quartz counters, open concept layout, plenty of cabinetry storage, island counter-breakfast bar. Great unobstructed views from large balcony. All new plumbing, flooring and light fixtures. Photos are from a year and half ago when condo was renovated. Currently tenanted but very accommodating for showings and unit will be cleaned up prior to possession. Close to Red Hill Parkway for either Toronto or Niagara directions, and transit ideal for commuters, schools, shopping, Sir Wilfred Laurier Recreation Center. Building amenities: in-ground pool, exercise room, party room, playground, visitor parking. Maintenance includes heat & water, parking, common elements. Perfect for first time home buyer. (id:51158)
Homes for sale in Hamilton
For sale $469,900
House For Sale in toronto, #1201 -15 SEWELLS RD

#1201 -15 Sewells Rd

Toronto, Ontario

2 Bedroom 1 Bathroom
Rare **2 Underground Parking Spots** Absolutely Spacious And Updated Unit Featuring 2 Bedroom 1 Bath. Totally Renovated Open Concept Kitchen, Extended White Cabinetry, Backsplash And Opening To Dining/Living Rm Areas. Generously Sized Bedrooms. Renovated 4 Pc Bath, Lots Of Storage Closets, Newer Tile & Laminate Flrs T/O (No Carpet), Amazing Views From All Rooms & Balcony. Great Location - Walk To Mall, Fitness, 24 Hrs Bus Service, Library, Parks & Schools, Minutes To Hwy 401. Well Kept Building With Central Ac & Security System. 2 Underground Parking spots + 1 Locker! **Maintenance Fees Include all Utilities (Hydro, Water, Gas, Cable)** **** EXTRAS **** Walking Distance To All Amenities Such As Malls, Schools, Public Transit, Parks and Highway! Building Amenities Feature Exercise Room, Party room, Visitor parking and Security System! (id:51158)
Homes for sale in Toronto

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.