These are the cheapest homes for sale in Toronto right now Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Finding a decent place to live in Toronto is difficult these days, and looking at some of the cheapest homes for sale right now, it may not come as a surprise that many people are looking elsewhere for a property. Housing prices have skyrocketed in the last few years, and COVID-19 has done nothing to slow that down. The average price of a detached home in the city is around $1.75 million and condos aren't much of a steal either.