Aspiring home buyers look at a variety of cities when searching for a home in the GTA. The average home price tends to differ by city. To kickstart your home buying research here is abreakdown of the average home price per city in the GTA at the time of this writing.
Ajax average home price = $1M
Bradford average home price = $1.2M
Brampton average home price = $1.08M
Burlington average home price = $1.15M
Markham average home price = $1.4M
Milton average home price = $1.11M
Mississauga average home price = $1M
Oakville average home price = $1.6M
Pickering average home price = $1M
Vaughan average home price = $1.3M
There are five factors that drive home prices in Ontario. This includes the market demand, investors, government rates, and development supplies. It’s important to note that as the market changes each month the average home price and mortgage rates may be affected.