Here are the Cheapest Places to Live Near GO Transit Lines in Mississauga

 

For so many people, suburban living is ideal—but not without its challenges. While some residents enjoy being further away from the hustle and bustle of the city, those same people might sometimes long for better and more efficient public transportation that ensures they're less dependent on cars.

Fortunately for those who live both in and outside of the Toronto downtown core, GO Transit is there to transport people from all over the GTHA to work and play.

But is it affordable to live right near a GO Transit stop?

If you live in Mississauga, the answer is yes if you live in Malton or Cooksville and no if you live in Port Credit. 

"Home buyers in pricey markets are all too familiar with the term 'drive until you qualify' - trading close proximity to employment in the city core for more affordable housing options in further-flung communities," says Penelope Graham, managing editor at the Toronto-based real estate brokerage Zoocasa, in a recent report.

"It's a common strategy for those who work in the City of Toronto, as real estate prices remain stubbornly high; the average house within city limits fetched an average of $1,320,333 in 2018, with condos - one of the last remaining bastions of affordable housing - still over half a million, at $593,366."

Graham says that high prices in the 416 and some 905 areas have prompted residents to avoid living in the GTA (Brampton, Mississauga, Oakville, Burlington, Milton, etc) altogether and resign themselves to longer commutes.

In a recent report, Zoocasa says that while thousands of residents from across the GTA who work in the city have long made the daily trek to downtown Toronto, recent numbers from Metrolinx—which runs the provincially-run transit agency GO Transit—show the commuter load is growing.

According to the report, GO Transit moved 56.5 million customers in 2018, increasing the number of weekly trips by 13 per cent to 217.

The report also says that growing commuter demand has led to plans to increase its services by 55 per cent over the next two years, with two lines in particular - Barrie and Stouffville - experiencing between 95 - 100 per cent growth in usage last year.


The Most Affordable Homes Along the GO Transit Line

But where along the GO Transit system will home buyers find their money goes furthest? To find out, Zoocasa says it collected home prices based on sold listings within a two-kilometre radius from each of the 66 GO Train stations from local real estate boards, as well as commute times based on a weekday arrival at Union Station around 8:30 a.m.

The study found that, to score the greatest value, home buyers had better be prepared for a long ride.

Two of the least expensive options include homes for sale in Hamilton; West Harbour station, located on the Lakeshore West line, tops the list as most affordable, with an average home price of $365,927 and a 71-minute commute, along with Hamilton station, which comes in third at $414,372, and a 72-minute commute.

Those looking for Kitchener real estate are in luck, as the stop ranked second for its average home price of $403,907, and commute time of 111 minutes.

The top five are rounded out by Allandale Waterfront - an option for those interested in Barrie real estate, where homes cost an average of $467,152, and the commute time is 105 minutes, as well as Cooksville station, where one can pay an average of $473,874 and still enjoy a relatively short 33-minute commute.


The Most Expensive Homes Along the GO Transit Line

The most expensive GO station to live nearby is King City, where the average abode costs a steep $1,595,656, though commute time comes in under an hour at 43 minutes. That's followed by Port Credit in Mississauga ($1,361,029 and 25 minutes), Lincolnville ($1,308,108 and 79 minutes), Centennial ($1,040,488 and 52 minutes), and Maple ($1,021,813 and 35 minutes).

Check out the infographic below to see how home affordability differs near each GO Train station:

GO Station Home Prices


5 GO Train Stops with the Lowest Home Prices


1 - West Harbour

Line: Lakeshore West

Home Price: $365,927

Commute Time: 71 minutes

2 - Kitchener

Line: Kitchener

Home Price: $403,907

Commute Time: 111 minutes

3 - Hamilton

Line: Lakeshore West

Home Price: $414,372

Commute Time: 72 minutes

4 - Allendale Waterfront

Line: Barrie

Home Price: $467,152

Commute Time: 105 minutes

5 - Cooksville

Line: Milton

Home Price: $473,874

Commute Time: 33 minutes


5 GO Train Stops with the Highest Home Prices


1 - King City

Line: Barrie

Home Price: $1,595,656

Commute Time: 43 minutes

2 - Port Credit

Line: Lakeshore West

Home Price: $1,361,029

Commute Time: 25 minutes

3 - Lincolnville

Line: Stouffville

Home Price: $1,308,108

Commute Time: 79 minutes

4 - Centennial

Line: Stouffville

Home Price: $1,040,488

Commute Time: 52 minutes

5 - Maple

Line: Barrie

Home Price: $1,021,813

Commute Time: 35 minutes


5 Most Affordable Stops 15 - 30 Minutes from Union Station


1 - Etobicoke North

Line: Kitchener

Home Price: $545,152

Commute Time: 26 minutes

2 - York University

Line: Barrie

Home Price: $563,416

Commute Time: 24 minutes

3 - Kennedy

Line: Stouffville

Home Price: $579,509

Commute Time: 24 minutes

4 - Dixie

Line: Milton

Home Price: $594,842

Commute Time: 27 minutes

5 - Downsview Park

Line: Barrie

Home Price: $598,768

Commute Time: 20 minutes


5 Most Affordable Stops 31- 45 Minutes from Union Station


1 - Cooksville

Line: Milton

Home Price: $473,874

Commute Time: 33 minutes

2 - Malton

Line: Kitchener

Home Price: $546,356

Commute Time: 32 minutes

3 - Agincourt

Line: Stouffville

Home Price: $550,659

Commute Time: 31 minutes

4 - Whitby

Line: Lakeshore East

Home Price: $551,945

Commute Time: 44 minutes

5 - Ajax

Line: Lakeshore East

Home Price: $582,158

Commute Time: 36 minutes


5 Most Affordable Stops 46- 60 Minutes from Union Station


1- Oshawa

Line: Lakeshore East

Home Price: $482,794

Commute Time: 50 minutes

2 - Meadowvale

Line: Milton

Home Price: $557,634

Commute Time: 51 minutes

3 - Unionville

Line: Stouffville

Home Price: $632,575

Commute Time: 46 minutes

4 - Brampton

Line: Kitchener

Home Price: $664,528

Commute Time: 48 minutes

5 - Mount Pleasant

Line: Kitchener

Home Price: $707,442

Commute Time: 55 minutes


5 Most Affordable Stops 1 Hour+ from Union Station


1 - West Harbour

Line: Lakeshore West

Home Price: $365,927

Commute Time: 71 minutes

2 - Kitchener

Line: Kitchener

Home Price: $403,907

Commute Time: 111 minutes

3 - Hamilton

Line: Lakeshore West

Home Price: $414,372

Commute Time: 72 minutes

4 - Allandale Waterfront

Line: Barrie

Home Price: $467,152

Commute Time: 105 minutes

5 - Guelph

Line: Kitchener

Home Price: $518,042

Commute Time: 87 minutes

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