Wednesday, May 29, 2024 / by Matthew Daniel Tamburello
HomeSellers, HomeBuyers & Investors: The Most Affordable Neighbourhoods in the Greater Toronto Area!
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While living in Toronto and the Greater Toronto Area (GTA) can be amazing, it is certainly not cheap and it comes at a price, an extremely high price. This is true if you are renting a home or buying a home. The average monthly rent for a one-bedroom apartment in the city of Toronto as of February 2019, is $2,270 CAD. The average rent for a two-bedroom in the City of Toronto is $2,850 CAD. While the average home price for a home in the Greater Toronto Area depending on where you are could range from $804,508 to $1.01 million for a detached home.
The City of Toronto has the highest average rent in Canada for a one-bedroom apartment, and Vancouver has the second highest rent in Canada at $2,080 for a one-bedroom apartment and $2,850 CAD for a two-bedroom apartment. However, this does not mean that there aren’t affordable neighbourhood. ...