The cost of buying a home in the Greater Toronto Area (GTA) can vary widely depending on several factors, including the type of property, its location, size, condition, and current market conditions.
Here are some approximate price ranges for different types of homes in the GTA.
Condominiums (Condos): Condo prices in the GTA can vary significantly. In 2022, you might find one-bedroom condos starting at around $400,000 to $600,000, with prices increasing for larger units or those in desirable neighborhoods or new developments.
Townhouses: Townhouses typically range in price from $600,000 to $1 million or more, depending on factors like location, size, and features.
Detached Homes: Detached single-family homes tend to be the most expensive housing option in the GTA. Prices can range from $1 million to several million dollars, especially in desirable neighborhoods in the city of Toronto or affluent suburbs.
Semi-Detached Homes: Semi-detached homes are often more affordable than detached homes but can still vary widely in price. You might find them in the range of $800,000 to $1.5 million or more, depending on the location.
Bungalows and Other Housing Types: Other types of housing, like bungalows, can have a wide range of prices depending on the neighborhood and condition. Prices may start around $700,000 and go up from there.
Keep in mind that the GTA real estate market is highly dynamic, and prices can change rapidly based on supply and demand, economic conditions, and government policies. Use Bōde's up to date data tools help you navigate the market: