There are many buyers searching for condos for sale in Toronto under the $500,000 mark. Recent cuts to mortgage rates have spurred a new generation of buyers to action, making it easier for first-time buyers to carry a Toronto condo. And coming up with a 20% down-payment is clearly more viable if your purchase price is kept in check.
But a small budget doesn’t need to mean a sub-par property purchase. Quite the opposite–we’re spoiled for choice with the sheer volume and variety of Toronto condos for sale. There’s truly something for every buyer.