45

Toronto Condo Market at a Glance

Toronto’s condo market in 2025 is showing a mix of opportunity and resilience. The median asking price for condos in Toronto is $638,000, down about 7% year-over-year, creating a more approachable entry point for first-time buyers and investors. At the same time, Toronto apartments for rent continue to see strong demand, with rental prices staying competitive as supply grows.

With more than 7,200 condos currently listed on Toronto MLS®, buyers have a wider selection across the city’s 143 neighbourhoods. From downtown luxury high-rises to boutique mid-rises and modern rental apartments, the Toronto housing market stats reveal how vital condos are to the city’s housing mix.

Browse Toronto Condo Listings

Condos.ca provides the most up-to-date feed of Toronto MLS® condo listings, refreshed multiple times per day. At present, there are 7,274 active condo listings available, ranging from pre-construction developments to resale units in established buildings.

Despite softer pricing, demand for Toronto condos for sale remains strong thanks to immigration growth, urban living trends, and affordability compared to detached homes. Buyers searching through Toronto MLS® listings will find more negotiating room in 2025, while renters continue to benefit from an expanding pool of modern Toronto apartments for rent.

If you’re planning to tour open houses in Toronto, or simply want to compare building amenities and neighbourhood vibes, our platform helps you explore properties with confidence.

Toronto Condo Real Estate Market: Condo Pricing Insights

Toronto's condo market continues to evolve toward improved affordability while retaining its appeal as a highly dynamic urban segment. Median condo prices have softened, creating greater access for potential buyers without undermining long-term investment value.

Currently, the median sale price for condos in Toronto stands at $710,724, reflecting a modest year-over-year decline. This shift represents a market adjustment, not a downturn, and remains significantly higher than national averages. For first-time buyers and investors monitoring Toronto’s MLS listings, this offers a potentially rewarding entry point into the condo market.

Explore Condo Listings in Toronto

Condos.ca offers the most accurate and up-to-date feed of Toronto condo listings, refreshed frequently with MLS® data. There are currently thousands of active condo listings across the city, ranging from affordable starter units to luxury penthouses in Toronto’s most desirable neighbourhoods.

Despite market fluctuations, Toronto’s condo market remains one of the most in-demand segments of Canadian real estate. Check our detailed condo market reports for insights on average prices, supply and demand trends, and building-specific data.

Toronto is made up of 143 unique neighbourhoods, each with its own lifestyle, amenities, and condo communities. Use our tools to explore top condo neighbourhoods in Toronto, compare building features, and find the perfect match for your lifestyle.

Looking to rent instead? Our database includes thousands of condo rentals, from boutique lofts to high-rise apartments, updated daily.

Ready to make your move? Connect with a licensed Toronto condo expert to start your buying, selling, or renting journey today.

Living in Toronto, Ontario – The Condo Capital of Canada

Toronto is not only Ontario’s capital and Canada’s largest city—it’s also the epicenter of condo living. With over 2,700 condo buildings and counting, Toronto has become the national leader in vertical communities, shaping the future of urban living.

Condos and the 20-Minute City

The rapid growth of high-rise and mid-rise developments reflects Toronto’s shift toward the “20-minute city” model, where residents can live, work, and access daily needs within a short walk or transit ride. Condos anchor this vision, clustering around transit hubs, retail corridors, and cultural districts to minimize commute times and maximize livability.

Why Condos Matter in Toronto

- Density & Growth: Condos are the fastest-growing housing type in Toronto, accounting for a large share of new housing starts.
- Ratings & Comparisons: Platforms like Condos.ca offer Toronto condo ratings, amenities breakdowns, and building reviews to help buyers and renters choose the right community.

- Diverse Lifestyle Options: From luxury towers in Yorkville to boutique lofts in Liberty Village, condos provide choice for first-time buyers, investors, and downsizers alike.

Toronto’s condo boom reflects more than just housing—it’s a redefinition of city living, making homeownership and urban convenience more accessible in a market where detached homes remain out of reach for many.

Toronto’s Condo Construction Boom

Toronto continues to lead North America in urban growth, with 240 active construction cranes in 2023, far more than any other city. Much of this activity is driven by condo development, which remains the backbone of Toronto’s housing supply.

In 2025 alone, the GTA is expected to see over 31,000 new condominium completions, setting a record for unit deliveries. At the same time, more than 69,000 condo units remain Pre-construction, ensuring a steady pipeline through 2027.

This surge means buyers will have more choice across Toronto’s growing condo landscape, while investors will want to monitor absorption rates, inventory levels, and shifting demand to spot opportunities.

Toronto Condo Market Trends & Outlooks

The Toronto condo market in 2025 reflects a mix of price adjustments and steady demand, making it one of Canada’s most closely watched housing segments. Condos remain the entry point for many first-time buyers, as well as a go-to option for investors seeking long-term appreciation in the urban core.

Toronto’s condo market is at a pivotal moment. The median condo sale price sits at just over $705,000, down about 7% year-over-year, creating opportunities for buyers who were previously priced out. At the same time, more than 30,000 new condo units are set to hit the market by 2027, much of it clustered around major transit hubs and growth corridors. This influx of supply is giving buyers more choice while putting pressure on sellers to stay competitive with pricing and incentives.

Looking ahead, condos remain at the heart of Toronto’s 20-minute city vision, offering urban convenience, modern amenities, and strong long-term investment potential. While recent softening has shifted market dynamics, population growth and immigration continue to fuel sustained condo demand, especially in high-density neighbourhoods.

Top Condo Neighbourhoods in Toronto

Toronto’s condo market defines much of the city’s housing landscape, offering everything from luxury towers to affordable starter units. Each neighbourhood has its own personality, lifestyle perks, and price points, giving buyers plenty of choice when searching for Toronto condos for sale. From downtown entertainment hubs to midtown growth corridors, these areas highlight how central condo living is to Toronto’s real estate market.

Areas like Fort York and St. Lawrence consistently rank high for speed of sales and competitive bidding, proving buyers and renters alike are eager to secure units in these dense urban communities. In King West, demand remains strong thanks to its nightlife and proximity to the Financial District. Meanwhile, Yonge & Eglinton is quickly gaining traction as a major condo hub for buyers seeking value, transit, and lifestyle amenities outside the downtown core.

Here are the 5 hottest condo-centric communities in terms of speed, pricing, and over-asking activity:

Beyond the top five, several other condo-focused neighbourhoods stand out for lifestyle and investment potential:

Queen West – Trendy, walkable, and highly desirable for first-time buyers.

Kensington Market – Character-filled lofts and boutique-style condos.

The Junction Triangle – Rapid growth, transit access, and emerging new builds.

Bay Street Corridor – Central, high-demand towers popular with professionals.

Harbourfront – Waterfront living with strong long-term value.

Condos.ca – FAQs About Toronto Condos

What is the average condo price in Toronto, ON?
According to MLS® stats, the average condo price in Toronto is $776,000. A 1-bedroom averages $577,000, while a 2-bedroom averages $895,000.

How long do condos stay on the market?
Condos typically sell in 25–30 days, with many buildings seeing active turnover due to steady demand.

What are the most expensive neighbourhoods for condos in Toronto?
Yorkville, The Annex, and Harbourfront are among the priciest, with luxury units well above $1.5 million.

What are the most affordable neighbourhoods for condos in Toronto?
Areas like Scarborough Village, Flemingdon Park, and Crescent Town provide entry-level condo options starting under $600,000.

How many condos are available right now in Toronto?
There are over 7,000 condos currently listed on MLS®, with more than 30,000 new units expected to hit the market by 2027.

Do more people rent or buy condos in Toronto?
Renting remains strong, with average condo rents around $3,000/month, but ownership is still popular with long-term investors and first-time buyers. 

Some good places to grab a bite are Extreme Pita, Swiss Chalet Rotisserie & Grill or Leaside Pizza. Venture a little further for a meal at one of the neighbourhood's restaurants. If you love coffee, you're not too far from Second Cup located at 2075 Bayview Ave. For those that love cooking, Whole Foods Market is only an 8 minute walk.

Without a car, you can get around quite easily. It also has route Bayview, and route Sunnybrook nearby. If you need to get on the highway often, Don Valley Parkway and Wynford Dr has both on and off ramps and is within a few minutes drive.