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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 $489,900
House For Sale in toronto, #1005 -21 OVERLEA BLVD

#1005 -21 Overlea Blvd

Toronto, Ontario

1 Bedroom 1 Bathroom
Step into the heart of Thorncliffe Park and claim your spot in this bright 1-bedroom condo all at a price that will make you do a double-take! Make home sweet home a reality. Exceptional value to first-time homebuyers, downsizers & investors. Recently updated with modern renovations including kitchen & bathroom quartz countertops, laminate flooring, lighting & freshly painted throughout. Generously sized bedroom, with large double door closet. Convenient ensuite laundry with stacked washer and dryer. Benefit from one underground parking & locker. Great building amenities include fitness centre, recreation room, sauna, squash/racquet courts. 24/7 security for residents. Plenty of visitor parking. Nestled right around the corner from Laird, this charming sought-after condo is located with the ultimate convenience. At your doorstep a quick walk to Costco, East York Town Centre, Shoppers, Medical Center, Food Basics, Mosques, Churches, Schools, Daycares and more. Easy access to DVP, 15 minute drive to downtown. TTC at your doorstep. Across the street from future Ontario Line Rapid Transit Station. Thorncliffe Park proposed to become a transit-oriented community (TOC). **** EXTRAS **** And don't forget to catch some of the most breathtaking sunsets from your own living room. (id:51158)
Homes for sale in Toronto
For sale $489,000
House For Sale in hamilton, 513 QUEENSDALE AVE E

513 Queensdale Ave E

Hamilton, Ontario

3 Bedroom 2 Bathroom
GREAT MOUNTAIN LOCATION. EXCELLENT ACCESS TO PUBLIC TRANSPORTATION, MAJOR ROUTES, CONCESSION STREET SHOPS AND THE LOWER CITY. FRESHLY PAINTED WITH NEW FLOORING AND LIGHTING. READY TO MOVE INTO. TWO FULL BATHS AND 3 BEDROOMS. PARKING OFF THE ALLY FOR AT LEAST 2 CARS. PRIVATE BACKYARD WITH COVERED SITTING AREA AND ENCLOSED SHED WITH POWER. COULD BE USED FOR HOBBY ROOM OR STUDIO. **** EXTRAS **** NO OFFERS UNTIL MONDAY MAY 6TH AT 5PM. SUBMIT OFFERS BY 4:30PM (id:51158)
Homes for sale in Hamilton
For sale $499,000
House For Sale in hamilton, 191 QUEEN VICTORIA DR

191 Queen Victoria Dr

Hamilton, Ontario

3 Bedroom 2 Bathroom
Fully renovated end-unit townhome in a fantastic neighbourhood on the Hamilton Mountain. Over $80k spent in upgrades over the last 2 years! Modernized kitchen and new flooring throughout. Fully finished basement with new ceiling, pot lights, and a full 3-piece bathroom. State of the art light fixtures give the property a luxury feel. Sliding doors to backyard with a beautiful deck area and fully fenced yard. Perfect spot for a BBQ or morning coffee! Numerous upgrades including a new basement bathroom ('20), new tile in upper bathroom floor ('21) and retiled tub/shower ('22), new luxury vinyl flooring on the main and upper level ('23), a new deck with built-in lighting ('19), brand new kitchen cabinets ('22), dishwasher ('20), fresh paint ('20/'21), furnace & A/C ('19). Condo fees are currently $602.26 per month, including special assessment until April 2024. Condo fees drop to $504.14 per month as of May 2024. **** EXTRAS **** Attached garage with 1 parking space plus a single private driveway with 2 additional parking spaces. (id:51158)
Homes for sale in Hamilton
For sale $499,999
House For Sale in hamilton, 150 MAIN ST W

150 Main St W

Hamilton, Ontario

2 Bedroom 2 Bathroom
First Time Home Buyers Dream or Great Income Generator for Investors! ""CALL HOME"" 150 Main St W 806 In The Heart Of Downtown Hamilton. Minutes away from McMaster University, Mohawk College, Hospitals, GO Transit, Shopping Malls, First Ontario Centre, Hwy 403 and just steps from public transport. Enjoy Living In The Spacious, 9Ft Ceiling, Elegantly Upgraded, Open Concept Layout & A Modern Kitchen With Granite Counter top, S/S Appliances, Backsplash, Ensuite Laundry, A Sun Filled Living Room And Walk Out To A Spacious Balcony. Primary Bed Has A Luxurious Ensuite Washroom & A Walk-In Closet. Your Urban Living Experience Is Further Enhanced By The State-of the-Art Gym, Indoor Swimming Pool, BBQ Courtyard, Social/Party Rooms With Full Kitchen. A Great Living Experience For Professionals, Families and Investors! **** EXTRAS **** All the furniture can be bought along with the apartment for $6000. (id:51158)
Homes for sale in Hamilton
For sale $499,888
House For Sale in toronto, #303 -1881 JANE ST

#303 -1881 Jane St

Toronto, Ontario

3 Bedroom 2 Bathroom
Incredible Opportunity in Toronto! Why opt for renting when you have the chance to become a homeowner? Step into this charming corner unit featuring 3 bedrooms and 2 bathrooms. Conveniently situated near major highways 400/401, Weston Go Station, shopping centers, public transit, restaurants, and more. The living and dining rooms are generously spacious and well-lit, complemented by sliding doors leading to a balcony. The kitchen is sizeable with convenient access to the laundry room. The primary bedroom boasts a large size, a 3-piece ensuite and a closet, while two other bedrooms offer a balcony view. This property also includes 1 parking spot and 1 locker **** EXTRAS **** Fridge, Stove, Washer & Dryer, All Electric Fixtures, All Window Coverings. (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $499,900
House For Sale in hamilton, 138 BALSAM Avenue N

138 Balsam Avenue N

Hamilton, Ontario

3 Bedroom 1101 sqft
Charming 3-bedroom home, nestled in a great neighbourhood where families can put down roots and make memories. This home has been with the same caring family for over 52 years and exudes a sense of charm, warmth, and history, ready to embrace its next chapter. Freshly painted, this solid home offers a canvas for your vision, inviting you to infuse your personal style and modern touches. Whether you're looking to revitalize the kitchen, reimagine the living spaces, or add your own unique flair, the possibilities are endless. Convenient location with a Walk score of 90 + a Transit score of 70 - close to Parks, Schools, Tim Horton’s Field, the Restaurants & Shops of Ottawa St. Situated just minutes away from the Mountain Access, Red Hill Expressway & the QEW, commuting to work or exploring the city has never been easier. Alternatively, nearby local transit options make your daily commute a breeze. (id:51158)
Homes for sale in Hamilton
For sale OPEN HOUSE $499,900
House For Sale in hamilton, 138 BALSAM AVE N

138 Balsam Ave N

Hamilton, Ontario

3 Bedroom 1 Bathroom
Charming 3-bedroom home, nestled in a great neighbourhood where families can put down roots and make memories. This home has been with the same caring family for over 52 years and exudes a sense of charm, warmth, and history, ready to embrace its next chapter. Freshly painted, this solid home offers a canvas for your vision, inviting you to infuse your personal style and modern touches. Whether you're looking to revitalize the kitchen, reimagine the living spaces, or add your own unique flair, the possibilities are endless. Convenient location with a Walk score of 90 + a Transit score of 70 - close to Parks, Schools, Tim Hortons Field, the Restaurants & Shops of Ottawa St. Situated just minutes away from the Mountain Access, Red Hill Expressway & the QEW, commuting to work or exploring the city has never been easier. Alternatively, nearby local transit options make your daily commute a breeze. **** EXTRAS **** Seller to buy out the HVAC system at their own expense. (id:51158)
Homes for sale in Hamilton
For sale $450,000
House For Sale in mississauga, #314 -1660 BLOOR ST E

#314 -1660 Bloor St E

Mississauga, Ontario

2 Bedroom 1 Bathroom
Don't miss this fantastic opportunity to own a Beautiful, Updated 2-Bedroom 1 Washroom gem. Huge, West-Facing Balcony. Low Maintenance Fees which Include Heat, Hydro & Water! Minutes to Highways 427, 401 & QEW, Transit, Schools, Library & Community Center. AAA 7-year Tenant would prefer to stay! **** EXTRAS **** FRIDGE, STOVE, ALL ELFS AND WINDOW COVERINGS (id:51158)
Homes for sale in Mississauga
For sale $499,999
House For Sale in toronto, #2206 -125 VILLAGE GREEN SQ

#2206 -125 Village Green Sq

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome to this beautiful 1 bedroom + den tridel built unit. This bright and spacious layout has 9ft ceilings and a modern kitchen, The large den can be used as a second bedroom or office. Large Living Room with Hardwood flooring. Enjoy Stunning unobstructed southwest views from your balcony on the 22nd floor. This unit includes 1 underground parking and 1 locker. World class amenities featuring a state of the art health and fitness studio & recreation centre. Building amenities include: 24Hr concierge, Gym/fitness room, indoor pool, sauna, party Room, billiards, theatre room, bbqs, child care centre, guest suites and ample visitor parking. Conveniently located right at the 401, surrounded by restaurants, shopping, schools, library, public transit and go station. A definite must see! **** EXTRAS **** Washer, Dryer, B/I dishwasher, Stove, Fridge, B/I Microwave (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $489,000
House For Sale in hamilton, 513 QUEENSDALE Avenue E

513 Queensdale Avenue E

Hamilton, Ontario

3 Bedroom 2 Bathroom 1100 sqft
GREAT MOUNTAIN LOCATION. EXCELLENT ACCESS TO PUBLIC TRANSPORTATION, MAJOR ROUTES, AND THE LOWER CITY. FRESHLY PAINTED WITH NEW FLOORING AND LIGHTING. READY TO MOVE INTO. TWO FULL BATHROOMS AND 3 BEDROOMS. PARKING OFF THE ALLY FOR AT LEAST 2 CARS. PRIVATE BACKYARD WITH COVERED SITTING AREA AND ENCLOSED SHED WITH POWER. COULD BE HOBBY ROOM OR STUDIO. (id:51158)
Homes for sale in Hamilton
For sale $425,000
House For Sale in hamilton, 381 COPE ST

381 Cope St

Hamilton, Ontario

3 Bedroom 2 Bathroom
Recently renovated, new kitchen and bathrooms, replaced windows, roof shingles etc. Sold Under Power Of Sale Therefore As Is/Where Is Without Any Warranties From The Seller. Buyers To Verify And Satisfy Themselves Re: All Information. **** EXTRAS **** n/a (id:51158)
Homes for sale in Hamilton
For sale $499,900
House For Sale in mississauga, #104 -3555 DERRY RD E

#104 -3555 Derry Rd E

Mississauga, Ontario

3 Bedroom 2 Bathroom
Indulge in spacious living with this 3-bedroom, 2 washroom condo spanning 1155 square feet. Boasting generously sized bedrooms, including a sprawling master suite, and a vast living area, it offer sample space for relaxation and entertainment. Situated conveniently near Toronto Airport, Highway 427, and all amenities, it ensures effortless connectivity to daily essentials. Step out onto the balcony and unwind in style, completing the picture of comfort and convenience. (id:51158)
Homes for sale in Mississauga
For sale $150,000
House For Sale in toronto, #PARKING -39 CARLING AVE

#parking -39 Carling Ave

Toronto, Ontario

3 Car parking spots across the street from 44 Carling ave , great location , steps from Ossington subway station , income opportunity for you! (id:51158)
Homes for sale in Toronto
For sale $469,000
House For Sale in toronto, #2405 -225 VILLAGE GREEN SQ

#2405 -225 Village Green Sq

Toronto, Ontario

2 Bedroom 1 Bathroom
**Welcome To Tridel Built Luxury One Bedroom Plus Den Unit In ""Selene"" The Final Phase Of Highly Desirable & Master Planned Metrogate Community**Functional Layout W/Floor To Ceiling Windows On High 24th Floor**Convenient Location - Seamless Accessibility & Effortless Commuting, Close To Centennial College, UofT Scarborough & Metrogate Park**5 Star Bldg Amenities - Rooftop Amenity Lounge Provides The Ultimate Oasis W/Breathtaking View Of City Lights**Indulge Active Lifestyle W/ Fitness Center, Yoga Room & Sauna** **** EXTRAS **** S/S Kitchen Appliances - B/I Oven, Electric Ceramic Glass Cooktop, Dishwasher & Fridge. Stacked White Washer & Dryer, All Existing Electrical Lights & Fixtures, Window Coverings. 1 Underground Parking. Internet & Water Included In Condo Fee (id:51158)
Homes for sale in Toronto
For sale $499,800
House For Sale in toronto, #1607 -365 CHURCH ST E

#1607 -365 Church St E

Toronto, Ontario

1 Bathroom
Location Location Location. Luxury Condo Built By ""Menkes"". Very Functional Studio Unit w/Unobstructed East View. Open Concept Studio Layout 405 Sq Ft Living Space + Balcony. Laminate Flooring. Built-In S/S Appliances. Gym, Bbq, Party Room, Yoga Room, Theatre Room, Rooftop Terrace & 24 Hours Concierge. Steps To Subway Station, Toronto Metropolitan University, U of T, Hospital, Financial District, Eaton Centre, Dundas Square, Loblaw's Shops, Restaurants. (id:51158)
Homes for sale in Toronto
For sale $449,900
House For Sale in toronto, #705 -25 GRENVILLE ST

#705 -25 Grenville St

Toronto, Ontario

2 Bedroom 1 Bathroom
Step into the timeless elegance of The Gallery, a distinguished residence boasting a classic brickwork podium facade, located near Bay, Yonge + College. This inviting unit offers a generous 700 sf of living space, thoughtfully designed to maximize comfort & functionality. As you enter, be greeted by the warmth of laminate floors leading you to an open living area and a spacious solarium bathed in natural light, ideal for an office space or transforming into a cozy second bedroom. The expansive primary bedroom invites relaxation, while the kitchen boasts ample storage and counter space. With maintenance fees covering all utilities, including basic cable TV and building amenities include 24hr concierge, rooftop terrace, gym, sauna and squash court, convenience is paramount. Embrace the unparalleled convenience of city living. Explore the vibrant array of amenities within reach, from the access to TTC subway lines to the bustling energy of the financial district. **** EXTRAS **** Indulge in retail therapy at the nearby Eaton Centre. UofT and TMU are within easy reach. For daily essentials, a plethora of grocery stores and dining options await, ensuring every need is met with ease. (id:51158)
Homes for sale in Toronto
For sale OPEN HOUSE $299,900
House For Sale in hamilton, 84 FREDERICK Avenue

84 Frederick Avenue

Hamilton, Ontario

2 Bedroom 1 Bathroom 520 sqft
Welcome to 84 Frederick Avenue in Hamilton's Crown Point East neighbourhood. This bungalow house offers great potential for first-time home buyers and investors alike. With 2 bedrooms and a 3-piece bathroom with a modest back yard this property presents a unique opportunity to customize and create your dream home. Situated close to schools, supermarkets, parks, transit and restaurants, convenience is at your doorstep for all your daily needs. Don't miss out on the opportunity to own this home with its central location and endless potential, this property is a true gem. (id:51158)
Homes for sale in Hamilton
For sale $499,900
House For Sale in toronto, #1116 -475 THE WEST MALL

#1116 -475 The West Mall

Toronto, Ontario

3 Bedroom 1 Bathroom
Discover the epitome of modern living in this 1,258 sqft 2 bedroom plus den unit! This open-concept corner unit is flooded with light, creating an inviting atmosphere. The kitchen, complete with stone counters and stainless steel appliances, is ideal for culinary adventures and entertaining guests.The primary bedroom offers a spacious retreat with a large walk-in closet, while the second bedroom features a double-door closet. Storage is never an issue in this apartment, with plenty of closets and additional storage space. This unit is a dream for those who cherish the convenience of condo living without compromising on space. It's the perfect blend of comfort, style, and functionality,catering to your every need. Enjoy hassle-free living at its finest with utilities conveniently included in one maintenance fee. Don't miss out on the opportunity to make this exceptional residence your own. Schedule a viewing today! **** EXTRAS **** Excellent location featuring great schools, parks & convenient access to downtown, HWYs427/401/QEW/Gardiner, Pearson Airport, grocery stores, eateries, Cloverdale & Sherway Malls,Trillium Health Care, Costco and much more! (id:51158)
Homes for sale in Toronto
For sale $499,000
House For Sale in toronto, #1103 -45 CHARLES ST E

#1103 -45 Charles St E

Toronto, Ontario

1 Bathroom
Luxury Yorkville Condominium In Toronto's Upscale Yorkville/Bloor/Yonge Neighborhoods. This Cozy Studio Suite Offers Contemporary Comfort in a Prime Location. Euro Design Kitchen W/ Integrated Appliances. Luxury Chaz Club With Amazing View, Stylish Lobby, Outdoor Courtyard, Exercise Room, Games Room. Enjoy Proximity to Iconic Landmarks Such as Yonge-Dundas Square, the Royal Ontario Museum, and the Upscale Shops and Restaurants of Yorkville. Indulge in Culinary Delights at Nearby Eateries, or Take a Leisurely Stroll Through the Charming Streets of the Church-Wellesley Village. With Convenient Access to Public Transportation and Major Thoroughfares, Including the Yonge Subway Line and the Don Valley Parkway, the City Is Yours to Discover from This Central Location. **** EXTRAS **** Fridge, Stove, Dishwasher, Microwave, Range Hood, Washer And Dryer. (id:51158)
Homes for sale in Toronto
For sale $495,000
House For Sale in toronto, #1116 -38 MONTE KWINTER CRT

#1116 -38 Monte Kwinter Crt

Toronto, Ontario

2 Bedroom 1 Bathroom
Welcome to The Rocket Condos. Subway at your door! This is a comfortable 1 bedroom + den for your enjoyment. Large windows in suite. Centrally located in the GTA, live beside Yorkdale Mall, have easy access to 401/Allen Rd, short subway ride to Downtown Toronto, UofT, York University, or TMU. Great suite for First Time Home Buyer Or Investors. Parking/Locker included. Internet included in maint. **** EXTRAS **** S.S. Appliances: Fridge, Stove, Over-The-Range Microwave, Dishwasher, Washer And Dryer, Roller blinds, All Existing Light Fixtures, 1 Parking, 1 Locker, Maintenance Includes Internet. (id:51158)
Homes for sale in Toronto
For sale $439,900
House For Sale in toronto, #815 -1005 KING ST W

#815 -1005 King St W

Toronto, Ontario

1 Bathroom
Welcome To The Beautiful DNA Condos, One Of King West's Most Sought After Addresses. This Bright, Well Laid Out Studio Is Ideal For Anyone Who Enjoys Downtown Living. Features - Exposed, 9' Concrete Ceilings, A Galley Style Kitchen With Stone Counters and Stainless Steel Appliances, 4pc Bath, Laminate Flooring Throughout, and North Facing Juliette Balcony. Walk To The Entertainment District, Transit, Shops, High-End Restaurants/Lounges/Bars, Grocery, Banks, Beside Massey Harris Park And More. **** EXTRAS **** Building Amenities; Rooftop Terrace, Party Room, Meeting Room, Media Room, 24hr Concierge Gym, Visitor Parking. (id:51158)
Homes for sale in Toronto
For sale $445,000
House For Sale in hamilton, #707 -85 ROBINSON ST

#707 -85 Robinson St

Hamilton, Ontario

1 Bedroom 1 Bathroom
Welcome to the City Square! This beautifully kept 1 bdrm condo features an open-concept design with a large main living area with hardwood floors, an eat-in kitchen with stainless steel appliances and granite countertops, a bedroom and a 4 pc bathroom with granite counters and in-suite laundry. Additionally the unit has a balcony, one underground parking space and a locker. This very convenient southwest location is in the Durand Neighbourhood near downtown Hamilton, just minutes away from St. Joseph's Hospital, Hamilton Convention Centre, Art Gallery of Hamilton, trendy restaurants & shops on Locke St. and Hess Village, Farmers Market, Highway 403, public transit and the Hamilton GO Centre for commuters. It is a perfect location for medical professionals or post-graduates. The condo fee of $522.04 includes heat, air conditioning, water, building insurance, exterior maintenance & common elements in the environmentally friendly GEO thermal building. **** EXTRAS **** Fridge, stove, dishwasher, washer, dryer, over-range microwave, electric light fixtures, window coverings. (id:51158)
Homes for sale in Hamilton
For sale $425,000
House For Sale in mississauga, #13 -625 SHORELINE DR

#13 -625 Shoreline Dr

Mississauga, Ontario

1 Bedroom 1 Bathroom
Fantastic entry level Stacked townhouse with a modern feel, featuring 9 foot ceilings! Centrally located in Mississauga, steps from everything you need such as Cooksville go and Square one, all major highways and transportation as well as schools and shopping. This lovely unit has a open concept main area with a combined living and dining area. The kitchen is also open with a breakfast bar area, and plenty of cabinetry. The bedroom is large, featuring a double closet and perfect area for a home office nook with a large window. Nice 4 piece bathroom, 1 car parking on the surface. This complex is wonderful with relatively low maintenance fees compared to other units in town! The tenant is leaving June 1st, vacate possession possible after that date! Shows well! (id:51158)
Homes for sale in Mississauga
For sale $425,000
House For Sale in mississauga, 625 SHORELINE Drive Unit# 13

625 Shoreline Drive Unit# 13

Mississauga, Ontario

1 Bedroom 1 Bathroom 560
Fantastic entry level Stacked townhouse with a modern feel, featuring 9 foot ceilings! Centrally located in Mississauga, steps from everything you need such as Cooksville go and Square one, all major highways and transportation as well as schools and shopping. This lovely unit has a open concept main area with a combined living and dining area. The kitchen is also open with a breakfast bar area, and plenty of cabinetry. The bedroom is large, featuring a double closet and perfect area for a home office nook with a large window. Nice 4 piece bathroom, 1 car parking on the surface. This complex is wonderful with relatively low maintenance fees compared to other units in town! The tenant is leaving June 1st, vacate possession possible after that date! Shows well! (id:51158)
Homes for sale in Mississauga

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.