March 12, 2026

You can apparently buy a home for under $500,000 in two Toronto neighbourhoods

Housing affordability has long been a problem in Toronto, even with this past year’s tariff-induced market lull (the average GTA home price dropped below $1 million for the first time in five years in January). While finding a truly affordable home right in the city remains an almost impossible challenge, a new report has highlighted a few neighbourhoods in Toronto where the average sold price is somehow under the $500,000 mark.