Here are the most and least expensive places in the GTA to buy a home right now

There are some major deals to be had for those wading into the Toronto real estate market these days — at least, when contrasted against the prices of just a few years ago — with the vast majority of the few homes switching hands now going for far under asking price.

The newest reports from August 2025 show homes in the region are going for tens of thousands of dollars less than they were last year, with average prices ranging from $642,195 for a condo to $1.3 million for a standalone house — the latter especially, still nothing to scoff at, but a notable 7.5 per cent cheaper than this time last year.

But regardless of how much GTA homes have depreciated in value and which areas are being the most drastically underbid, one may wonder what neighbourhoods have the cheapest properties overall in terms of dollar amount right now.

Once again, local property platform Wahi has surveyed the market and has released a list of the least (and, conversely, the most) expensive pockets for housing in the Toronto area.

Based on its sales figures for August, the firm has ranked five neighbourhoods as the most affordable in terms of selling price, and five as the least. And, given how dismal the landscape has been for owners, some of the price points are far lower than you'd expect.

First, we'll start on the pricier side, where bargain-hunters — or, really, anyone but the ultra-wealthy — will want to avoid even looking.

These communities include, per Wahi's data, Eastlake in Oakville (where the median sold price of a home was $3,881,334 in August), Toronto's Forest Hill (with a median sold price of $3,370,000), Old Oakville (median price $2,700,000), North York's Hogg's Hollow ($2,597,500) and Ledbury Park, also in North York (where the typical home is now $2,560,000).

Then there are the the least-exorbitant locales within the GTA to make your big purchase right now: Yorkdale in North York (median sold price: $472,500), Brampton's Queen Street Corridor ($480,000), Fairview in Mississauga (where the standard home is just $492,000), Vaughan's Pine Valley Business Park ($495,000) and Core Mississauga ($509,000).

These low (for Toronto) numbers are mainly due to the sharp decline of the once investor-driven condo market, with areas like Yorkdale and Fairview being tower-dense and near shopping malls (which are, like the housing sector, also in decline right now).

As Wahi writes, these areas are becoming more and more attractive to first-time home buyers looking to finally get into the market after years of waiting, as the gap between the highest and lowest prices in the GTA market grows alongside economic uncertainty.