Where to find the cheapest homes in the GTA and southern Ontario [Video]

With inflation, finding an affordable home in southern Ontario can be a challenge.

Now that interest rates have come down, however, some people may take the leap into homeownership.

Whether you’re searching for a detached home, a semi-detached townhouse, or a condo apartment, there are still pockets of affordability waiting to be discovered, real estate brokerage Zoocasa said in a new report.

Detached homes across the GTA average a hefty $1,369,132, the report noted. Brampton’s average detached home price was $1,016,260 in November, while in Mississauga was at $1,425,730.

Those looking for a more affordable option need to move farther out. Zoocasa found the cheapest area near the GTA was Essa, a township near Barrie and about 100 kilometres north of Toronto.

“Essa offers small-town charm while still being accessible to the city—perfect for day trips or weekend getaways,” Zoocasa noted.

Essa’s average price of $709,583 is nearly half the cost, 48.2 per cent, less than the GTA.

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