But regardless of how much GTA homes have depreciated in value and which areas are being the most drastically underbid, one may wonder what neighbourhoods have the cheapest properties overall in terms of dollar amount right now. And, given how dismal the landscape has been for owners, some of the price points are far lower than you'd expect. First, we'll start on the pricier side, where bargain-hunters — or, really, anyone but the ultra-wealthy — will want to avoid even looking. These communities include, per Wahi's data, Eastlake in Oakville (where the median sold price of a home was $3,881,334 in August), Toronto's Forest Hill (with a median sold price of $3,370,000), Old Oakville (median price $2,700,000), North York's Hogg's Hollow ($2,597,500) and Ledbury Park, also in North York (where the typical home is now $2,560,000). As Wahi writes, these areas are becoming more and more attractive to first-time home buyers looking to finally get into the market after years of waiting, as the gap between the highest and lowest prices in the GTA market grows alongside economic uncertainty.