So you're looking for a property in Toronto. There are so many to choose from! Will it be one of the homes for sale Lorne Park that you settle on eventually, or will it be a waterfront condo or a town house in Etobicoke? For most people, the deciding factor in choosing that neighborhood to go with is price. To help you decide what neighborhood will be best suited to your budget, we've created this price comparison page.
Small Homes
In many cases, small single or even double storey homes in outlying neighborhoods and central Toronto, Ontario condos for sale are similar in price. The cheapest neighborhood in Toronto to buy a bungalow is Brampton, where you can buy the average property for $308,000. Compare that to the most expensive neighborhood, Lawrence Park, which sits at $700,000. Other neighborhoods such as Scarborough at $350,000, Woodbridge at $425,000 and Leaside at $545,000 occupy the middle range. There are almost no small houses left to speak of in downtown Toronto.
Large Homes
While most small, inexpensive downtown Toronto homes have been replaced by condominium towers, there remains some detached luxury real estate in Toronto neighborhoods near the downtown core to cater to the well to do. A mansion home in the Beaches neighborhood goes for about $1,300,000. But that's not even the most expensive. That honor goes to Midtown Toronto, where the average large home will cost you in excess of $2,200,000. By contrast, the cheapest neighborhoods to buy mansions in are Woodbridge at $470,000 and Richmond Hill at $495,000.
Condos
Condos are becoming increasingly popular as the central neighborhoods of Toronto become more and more densely populated. A luxury Toronto condominium on the waterfront costs as much as the more expensive mansion homes, but for a standard condo the average price in the most expensive neighborhood, Forest Hill, is about $550,000. Those looking for inexpensive condo living should look at Brampton, where the average condo is only $167,000. Average prices for non central non boondock neighborhoods are generally in the high $200,000s to mid $300,000s. Contrary it its reputation as high cost, one of the cheaper places to buy a luxury condo is actually Thornhill, where you can get the average unit for only $298,000.
Town Houses
Townhouses occupy a middle ground between condos and houses, and offer many people the chance to own property in busy areas like Bayview Eglinton without having to live packed into a high rise condo building. The cheapest neighborhood to buy a town house in is Burlington, where the average property is about $229,000. Central neighborhoods like Waterfront, the Beaches, and Bloor are in the mid to high $400,000 range and the most expensive neighborhood for townhouses is Cabbagetown at $575,000.
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