How big of a house can you buy for $500,000 in Toronto?

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This week, Canada’s prime rate increased from 5.95% to 6.45%. It is the highest prime rate in the last 20 years. According to TRREB (Toronto Regional Real Estate Board)’s latest data, the average Selling Price of Dec 2022 is $1,079,395 and was down -7.2% compared to last Nov.

If you have $50,000 (half of the average Selling Price in Toronto), how big and what type of house can you purchase?

Ratestead.ca has collected a list of about $500,000 houses currently on the market. Scroll down to see what’s available in Greater Toronto Area’s significant towns.

Toronto

Address 1402 – 121 Trudelle St, Toronto, Ontario M1J 3K4
Property Type Condo Apt
Price $499,999
Size 1000-1199 sqft
Bed 2
Bath 2

More Houses in Toronto

Mississauga

 

Address 332 – 1050 Stainton Dr, Mississauga, Ontario L5C2T7
Property Type Condo Apt
Price $499,999
Size 1200-1399 sqft
Bed 3
Bath 2

More Houses in Mississauga

Brampton

Address 73 – 81 Hansen Rd, Brampton, Ontario L6V3C7
Property Type Condo Townhouse
Price $499,999
Size 1200-1399 sqft
Bed 3
Bath 2

More Houses in Brampton

Markham

Address Ph19 – 100 Anna Russell Way, Markham, Ontario L3R6C7
Property Type Leasehold Condo
Price $450,000
Size 1000-1199 sqft
Bed 1 + 1
Bath 1

More Houses in Markham

Vaughan

Address 520 – 7373 Martin Grove Rd, Vaughan, Ontario L4L 9K1
Property Type Condo Apt
Price $499,999
Size 600-699 sqft
Bed 1
Bath 1

More Houses in Vaughan

Ajax

Address 1705 – 44 Falby Crt, Ajax, Ontario L1S 3L1
Property Type Condo Apt
Price $499,000
Size 1000-1199 sqft
Bed 2
Bath 2

More Houses in Ajax

Latest Homes For Sale

Vik Palan

Vik Palan

Chief Editor - Ratestead.ca

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