Yes it is definitely doable on a nurse's salary. I am also single, and saving for my down payment. I've been nursing for 2 years, my loans are paid, and I have 10 percent towards a starter home. However, your wages are lower in ON than the Western Provinces, and the average cost of a home in the GTA is 400,000 now. However, you could afford a starter home for 250,000, and then upgrade. Ideally, you would want to have at least 50,000 saved. Consider that you will need your downpayment, closing costs, lawyers fees, taxes, and some savings. I spoke with the bank the other day. On a 260,000 home, my mortgage will be 1150 a month, not including heat, hydro, taxes. That's with 38,000 down.