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Where to Find Detached Homes for Under $1 Million in the GTA

Wahi analyzed May home sales data to pinpoint which communities had a median price of less than $1 million.

By Josh Sherman | 3 minute read

Jun 22

Purchasing a detached home in the Greater Toronto Area for less than $1 million isn’t easy — particularly as overbidding activity picks up — but it’s not impossible.

The sub-$1-million detached home seems to be facing extinction in the Greater Toronto Area.

However, homebuyers who are willing to keep an open mind about location can still purchase a standalone house in the high-six-figure range, according to new analysis from Wahi. Price can be a barrier that keeps GTA homebuyers from putting down roots in their most desired area, but there are still many neighbourhoods where the dream of a detached home is attainable with a reasonable budget,” says Wahi CEO Benjy Katchen.

“House hunters on a budget may want to start their search in Durham.”

Wahi looked at home sales at the regional, municipal and, when available, the neighbourhood level to identify communities in which the median sale price for a detached home was less than $1,000,000 in May. Areas with fewer than five transactions were excluded from the calculations. 

 

Overall, only 19% of the detached homes that changed hands last month in the GTA sold for less than $1 million in May. That’s down slightly from 20% in May 2022. However, nearly 20 communities registered median prices below this threshold. With more local markets entering overbidding territory last month, it’s not clear how long the following neighbourhoods will remain priced below the seven-figure mark.

Durham  

House hunters on a budget may want to start their search in Durham. Research suggests many are, as the region has become a magnet for intraprovincial migration. Between 2017 and 2022, Durham experienced a net gain of 45,560 migrants from other parts of the province.

 

The region’s median detached home price was $1,020,000 in May, and more than a dozen of its neighbourhoods had median selling prices below that level.

 

Neighbourhood

Median sale price

Number of sales

Downtown Ajax

$955,000

7

Uptown Ajax

$960,000

8

Westney Heights, Ajax

$995,000

13

Brock

$747,450

22

Bowmanville, Clarington

$900,000

60

Courtice, Clarington

$992,550

32

Newcastle, Clarington

$912,230

18

Centennial, Oshawa

$899,000

37

Central Oshawa

$675,000

21

Eastdale Donevan, Oshawa

$854,000

43

McLaughlin, Oshawa

$861,000

53

Samac, Oshawa

$942,375

16

Scugog

$947,500

38

Downtown Whitby

$975,000

5

 

Halton

 

Homebuyers sticking to a budget of $1 million are likely going to face an uphill battle in Halton

 

The median price of a detached home in Halton was $1,472,500. Meanwhile, the median prices for each of its four municipalities also surpassed $1 million: Burlington ($1,300,000), Halton Hills ($1,265,500), Milton ($1,328,550), and Oakville ($1,857,500). 

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Peel  

Peel’s median detached home price was $1,366,000 in May. Brampton, Peel region’s largest city after Mississauga, has some of the GTA’s most affordable condos. The outlook differs for detached homes, although the city was home to Peel’s only two neighbourhoods for sub-$1-million detached homes, according to median price: Brampton West ($990,000) and Central Park Brampton ($998,000).

Toronto 

Detached homes for less than $1 million haven’t quite reached unicorn status in the City of Toronto, but they’re far from the norm. The median price of a standalone house in the city was $1,390,000 in May.

 

Out of 110 neighbourhoods, Mount Dennis was the lone entry with a minimum of five sales and a sub-$1-million median price tag. The median detached house price in Mount Dennis, which centres around the intersection of Eglington Avenue West and Jane Street, in York, was $930,000, with 10 transactions recorded in May.

 

York

 York region, which borders Toronto to the south and stretches as far north as Lake Simcoe, was the most expensive region in the GTA last month with a median sale price of $1,600,000. However, perhaps surprisingly, it had one sub-$1-million community: Georgina, a town that straddles the northern boundaries of York. Last month, 102 homes changed hands in Georgina, and the median selling price was $888,000.

 

Josh Sherman

Wahi Writer

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