Six Places to Afford a Home Near Toronto

Forget the high cost of big city living. If you have or can borrow a downpayment, here are six places where you can afford a home near Toronto.

Places like Whitby, Vaughan or Markham, that are right around the corner. They can leave you relaxing on the patio in 90 minutes or less.

Communities like Orangeville, Milton and Newmarket, that are close enough to commute regularly. They allow you to afford a home near Toronto sooner than saving for a Beaches address.

Do smaller places in Greater Toronto Area welcome newcomers? First time home buyer and affordable home programs say they do.

Read more about how to use your first time home buyer advantage to afford a home near Toronto.

Whitby for Outdoors Lovers

Whitby (pop. est. 142,607) hugs Lake Ontario’s northern shore. From skating to boating or golfing, it’s a fun place to live for outdoors enthusiasts, who’ll appreciate the nature conservation areas. You can tap a local brewery with friends or cheer on Protest the Hero, the city’s original heavy metal band. That historic castle, now a private girl’s school, used to be the sheriff’s residence. And the intriguing, long-closed Intrepid Park Camp X spy training site is named after its founder, The Man Called Intrepid.

Borrow a down payment to buy a house.

Prices aren’t too bad, either. A medium-rise condo or gently used townhome is $450,000 and up. Semi-detacheds go from $700,000 to $1 million, as do some older, upgraded bungalows. Newer houses and single family homes on expansive lots start at around $900,000, topping out near $2.5 million.

Vaughan for Cultural Highs

Vaughan (pop. est. 341,000) is a step up price-wise or for culture lovers who value concert hopping and shopping via the Yonge-University TTC. You can get to York easily after hours. Enjoy the benefits of a redeveloped downtown on weekends or hiking and biking trails for relaxation. Bored on weekends? Take a trip to Canada’s Wonderland or LEGOLAND Discovery Centre, then visit the Sportsplex to kick a ball around.

Can a buyer back out of an accepted offer in Ontario?

A robust rental market makes Vaughan an obvious choice for investors and buyers who can afford a home near Toronto but want a mortgage helper. You can still get a condo for around $500,000 to $800,000. With townhouses and row houses trending at $700,000 to $1.3 million, having a family is not out of the question in affordable Vaughan. Detached homes typically hit the $1 million and more mark, unless you’d prefer a gated home on an acreage for a cool $8 million.

Making it in Markham

Markham (pop. est. 350,000) is a family friendly choice. Vistas from the winding riverside are pleasant, parks abound and, though densely populated, it has the amenities you’d expect from a tourist destination. Historic Markham Village is the starting point for a jaunt to the farmer’s market or sipping a latte while you chill.

Homes are on the higher end, between $1 million and $2 million on average. If you can afford to splurge and privacy is what you crave, $6 million could do it. Condos are $500,000 to $800,000 (up to $2.5 million in exclusive buildings) and townhouses average between $600,000 and $1.7 million.

Questions to ask lawyers when buying a house.

On Broadway in Orangeville

Urban planners agree Orangeville (pop. est. 28,900) is a “Great Place”. So much so that Broadway Street, the vibrant heart of the community, won a Canadian Institute of Planners Great Place Award in 2015. You can see why as you wander past the neat waterfall, marble clock tower and founder statue. If local restaurants look familiar, you probably saw them on The Food Channel’s You Gotta Eat Here. The restored Orangeville Opera House hosts concerts year-round and you can hang out at sports bars or the Orangeville Blues and Jazz Festival.

What happens to the deposit when buying a house.

With condos starting around $350,000 and multi-level row houses or townhouses at $700,000 to $800,000, serious house hunters can afford a home near Toronto with between $17,500 and $40,000 down. Spacious newer family homes average from $900,000 to $1.3 million. A modest brick bungalow can be had for $750,000 or less. Don’t put it off for long. Supply is limited.

Going to Milton

Milton (pop. est. 3,130) is near enough to GO to, but far enough to be laid back. You’ll likely want a car to get around. Bus service is limited and an evening out can mean trekking to a neighbouring city. The tiny, yet mighty town hosts camping, hiking, biking and boating at Kelso conservation area. If recreation is your thing and you don’t mind a quiet evening in, Milton could be the place.

Single family homes start around $900,000. Expect to average $1.3 to $1.5 million for something larger and newer than a brick bungalow. Carriage homes and acreages can cost from $4.5 to $10 million. With a budget of $800,000 to $1 million, townhomes will get you more space, although a condo can be had for about $600,000 to $800,000.

Living the Life in Newmarket

Newmarket’s over 44 kilometres of trails make it a green destination. Residential taxes and crime rates are low. Historic Main Street has a “quaint village centre” vibe, with a riverwalk and nicely preserved heritage buildings. Rapid transit, vivaNext, is a bonus for a smaller city (pop. est. 84,244).

$1 to $1.5 million will buy you a detached home, while $7.5 million or more could score a sprawling acreage address. For between $600,000 or on the high end, $1.5 million, you could have a nifty condo. A townhouse will set you back about $600,000 to $800,000.

What to expect when you hire a real estate lawyer.

Virtual Real Estate Lawyers in the GTA or Ottawa

Convinced you can afford a home near Toronto? Axess Law’s virtual lawyers go online with you anywhere in Ontario. Use our secure, confidential remote conferencing software to review agreements of purchase and sale or close a deal before your deadline is up.

E-sign from the comfort of your home or office with virtual closings.

Drop into any Axess Law Greater Toronto Area or Ottawa location to finalize real estate transactions in person. We have day or evening appointments for your convenience, with onsite parking and easy transit access.

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Access lawyers for less in Greater Toronto Area, Ottawa, or anywhere in Ontario when you buy, sell, or transfer property. Axess Law’s flat fee real estate lawyers are affordable, and our rates are all inclusive (excluding taxes, disbursements, and third-party charges). Axess Law offers you only the legal services you absolutely need. Your final invoice includes no surprises or hidden charges. Your itemized statement of adjustments is explained when we deliver it, and we answer any questions you have about it.

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