In my day to day as a Real Estates Sales Representative for Century 21, I am asked constantly where are the good affordable homes of Toronto. Buyers are frustrated with the regular bidding wars of Toronto Central. Buyers are tired of the high Land Transfer Tax for purchases in Toronto, a tax that decreases substantially if they are to buy in Mississauga, Brampton, and similar, but that penalises those purchasing in the City of Toronto.
I believe that the first step in finding the perfect home still under the 300 thousand dollar mark is to understand the different neighbourhoods in the city. Toronto is large. The GTA comprises diverse neighbourhoods; all of them offering their amenities. They key is to visit the areas with your Realtor and to discuss the average price and home options of a subject area.
For example, my latest listing is in the Victoria Park Village, near Eglinton Square and O'Connor, one bus to the Victoria Park subway station. The price for a condo-apartment in that area is very affordable and the area is showing continuous growth and betterment. This east part of Toronto is famous for its greenery. Many parks, ravines, creeks are to be found if one drives around this part of the city.
In the west of Toronto, there are nice areas with quality homes too. The price of a large home in the area of Jane, south of Sheppard is still very reasonable. That area is accessible by TTC, offers plenty of parks, community centers, shopping hubs and easy access to the 401. The area price for a home can range between $350,000 to $389,000.
It is true that affordability is a problem if the decision is to find your dream adobe south of Bloor or next to a subway station. But your Realtor can offer alternatives that could accommodate many of the preferences of the Buyers. Toronto-affordable can be found if you are willing to research the possibilities of our safe green city.