GTA Homes Under $500,000
Homes under $500K in the GTA are typically downtown Toronto studios and one-bedroom condos, entry-level condo townhouses in the outer 905, or small bungalows and detached homes in Hamilton and Oshawa. It's a tight inventory window, but it does exist.
If you're a first-time buyer, pair this search with the FTB land transfer tax rebate and the Home Buyers' Plan to maximize your down payment power.
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Frequently asked questions
How often is this under $500k list updated?
This page refreshes whenever you load it — the filter you're seeing is applied to live MLS data, so any new listing matching the criteria appears automatically.
Can I save this search and get email alerts?
Yes. Click "Save Search" at the top of the results to get notified when new homes matching these criteria hit the market.
How do I know if a home is a good deal?
The best way is to compare to recent sold prices in the same neighbourhood. Browse our Sold Data page, or ask us for a comparable market analysis on any specific listing.
What other filters can I apply?
Use the sidebar on the properties page to narrow by city, bedrooms, bathrooms, square feet, year built, parking, open house, virtual tour, and more.
Can you help me buy one of these homes?
Absolutely — representing buyers is half our practice. Click "Contact" at the top to set up a no-pressure consultation.