Hi Debbie, Andrea is right. That's about the range of prices. If you are thinking a first time buyer single family home, you should be thinking of a minimum budget of $450,000 for a modest older home in a typical first time buyer neighborhood. There are some that are less, in fact there are currently 8 single family homes priced at this price point or less. You might want to also consider Newbury Park and if you need to have more affordable housing, Moorpark and even better still, Simi Valley will give you more for your money but there are trade offs to leave TO, in my personal and professional opinion.
Please consider taking time to view and contact me through my Trulia Profile if I can help you get started. I grew up in TO and had kids in school there until this year, my oldest is in a special performing arts high school in Simi now.
If you haven't started working with a lender, I highly recommend Jenni Sherman at Medallion Mortgage 805-279-1441. However, if you already have a lender, I will work with whomever you have connected with.
Buying a home in TO is a great idea. The property values there are historically reliable, with less value flux than other cities because it's a great place to live.