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ONTARIO AT A GLANCE Average Home Purchase Price 277340 GTA 458060 Average Down Payment 8.3 GTA 10.2 AverageHousehold Income 90922 GTA 105678GTA 105678 Source Genworth Canada 2015 New Insurance Written purchase business only. TYPE OF PROPERTY Condo 2.6 GTA 16.6 Detached 81.1 GTA 48.2 Row 10.7 GTA 18.6 Semi 5.5 GTA 16.6 CONDO LIST PRICE 318000 Boasting a spacious 200-square-foot terrace this one-bedroom one-bath condo is within walking distance of the downtown waterfront. The home features central air conditioning full-height windows and a nine-foot ceiling. Building amenities include a 24-hour concierge rooftop lounge theatre gym billiards party lounges and kitchen facilities. Listing agent Century 21 Atria Realty Home may no longer be available but was for sale as of press time and is used to illustrate variety in the local real estate market. Images are representational only. WHAT 320000 BUYS IN TORONTO BUILDING THE DREAM IN THE GTA With more developments being built in Greater Toronto Area communities more buyers are looking beyond Torontos city limits for their rst home. Don Stoddart a mortgage broker with Key Mortgage Partners in Brampton Ontario explains why. Q How have GTA rst-time homebuyers changed A In the past people graduated and bought a house. These days people graduate become gainfully employed and then they buy. Younger dual- income couples without kids are buying in the core because it suits their lifestyle but families look outside the city to purchase a home with more space. Also GENWORTH CANADA SPRINGSUMMER 2016 13