A Mississauga neighbourhood was one of the cheapest for homebuyers in the Greater Toronto Area last month.
As the real estate market remains sluggish, homebuyers could find good deals this fall. But some neighbourhoods have bigger bargains than others.
Each month, real estate platform Wahi lists neighbourhoods with the most and least expensive homes. Wahi uses the median home sale prices in GTA neighbourhoods with five or more sales to create the lists.
In September, the least expensive neighbourhoods included Mississauga and Etobicoke communities, according to Wahi.
North York neighbourhood Flemington Park topped the list with a median sold price of $383,000 in September. Six homes sold, and it took an average of 26 days to sell properties, according to Wahi.
Woodbine in Etobicoke is second on the list with a median sold price of $402,000 in September. Five homes sold, and properties spent about 42 days on the market, according to Wahi.
Mississauga’s City Centre is the only Peel Region neighbourhood on this list. The median sold price for homes here was $428,750 in September. A total of 30 homes sold, and properties spent about 34 days on the market, according to Wahi.
The most expensive neighbourhoods include old Toronto communities and areas known for large properties. Many homes in these neighbourhoods sold for over $2 million.
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In September, North York’s Ledbury Park topped the list with a median sold price near $3 million. This upscale neighbourhood is in southern North York, just across the border from Midtown.
Homes here took an average of 35 days to sell, and 10 properties sold in September, according to Wahi.
Eastlake in Oakville is second on the list with a median sold price of $2,535,000. Eight homes sold, and it took an average of 40 days to sell properties.
For more information on these neighbourhoods, see Wahi’s guide here.
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