New Condos Toronto

Welcome to the premier destination for discovering pre-construction condos in Toronto! As Ontario’s vibrant metropolis, Toronto seamlessly blends urban sophistication with a rich cultural tapestry. Whether you’re in search of the latest pre-construction condos, move-in-ready new condos, or new condos for sale, you’re in the right place.

Explore our comprehensive listings of new condos, pre-construction homes, and investment opportunities in Toronto. Discover why this dynamic city is the perfect place to invest in your next property or find your dream condo today!

new condos toronto

Pre-Construction Market Trends in Toronto 2024

As of November 2024, the pre-construction condo market in Toronto continues to show strong demand. Here are the key trends:

  • Price per Square Foot: The average price for pre-construction condos in Toronto is $1,270.
  • Average Selling Price of New Condos: The average price for new condos, which account for nearly two-thirds of all condo sales, is $713,801.
  • Average Sale Price of Homes: The average sale price for both new and existing homes in Toronto is $1.46 million.
  • Rental Market: The average rent for a one-bedroom condo apartment is $2,513.
  • Vacancy Rate: The vacancy rate stands at 1.6%, indicating a competitive rental market.
  • Selling Times: New condo developments typically sell within 32 days, while homes in Toronto sell even faster, averaging just 23 days on the market.

LATEST PRE‑CONSTRUCTION CONDOS

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Benefits of Investing in Pre-Construction Condos in Toronto

Zero Repair Costs with State-of-the-Art Facilities

One of the key benefits of new pre-construction condos in Toronto is that they come equipped with modern features and exceptional perks designed to enhance city living. These properties are crafted with meticulous attention to detail, blending sleek, contemporary designs with timeless charm.

Toronto’s new and pre-construction condos often include modern exercise centres, spacious outdoor decks, and vibrant common areas for residents to enjoy. Many homes also feature smart home technology and sustainable elements, such as eco-friendly roofs, offering both convenience and environmental benefits. Living in these new homes in Toronto means embracing a dynamic lifestyle with cutting-edge amenities and zero repair costs for years to come.

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Business, Entertainment, and Greenery in Toronto

Toronto, the transportation hub of Canada, offers a vibrant mix of business, entertainment, and natural beauty all within easy reach. The city’s lively festivals and events, especially in the summertime, infuse it with energy and excitement.

Thanks to the extensive TTC network, getting around Toronto is simple and efficient. Long walking paths and pedestrian-friendly areas make exploring the city a true pleasure. New developments, like Under Gardiner Park, will introduce more green spaces, while upcoming LRT lines and expanded bike lanes will further improve commuting options. Investing in new builds in Toronto not only means securing a modern home, but also embracing a city brimming with new experiences and opportunities just waiting to be discovered.

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Strong Market Demand and Investment Potential

Purchasing a new condo in Toronto, especially a pre-construction property, means tapping into a high-demand market that attracts substantial growth and government funding. Toronto is not only Canada’s largest city but also a global business powerhouse, second only to New York in terms of its economic influence.

As a hub for business, banking, arts, and culture, Toronto consistently ranks as one of the top places to live worldwide. This combination of economic strength and cultural vibrancy makes Toronto an ideal location for investment, ensuring long-term value and growth potential for those buying new condos or pre-construction homes.

Toronto Rental and Seller Market 2024

Rental Market

As of November 2024, the average rent for a one-bedroom condo in Toronto is $2,513 per month. The vacancy rate remains exceptionally low at just 1.6%, reflecting the strong demand for rental properties in the city.

Seller Market

New and pre-construction condos in Toronto are selling for an average of $1,270 per square foot. Over the past decade, the market has experienced a steady 3.4% annual appreciation rate. In November 2024, detached homes in Toronto have an average price of $1.46 million, showing a 0.9% increase compared to the previous year. This consistent upward trend highlights Toronto’s robust housing market, making it an attractive investment for buyers.

 

Average Renting and Selling Time in Toronto (2024)

New Condos

  • Renting Time for Condos: As of November 2024, rental condos in Toronto generally stay on the market for 30+ days.

  • Selling Time for Condos: New condos for sale in Toronto, with an average price of $713,801, typically stay on the market for 32 days.

New Homes

  • Renting Time for Homes: Detached homes in Toronto generally rent out within 2 to 4 weeks.

  • Selling Time for Homes: The average price of detached homes for sale in Toronto is $1.46 million, with these homes usually staying on the market for approximately 23 days.

Neighbourhoods

midtown

Midtown

Neighbourhoods and Pre-Construction Condo Opportunities

1. Yonge and Eglinton

  • Highlights: Known for its shopping, dining, and excellent transit options, Yonge and Eglinton is a bustling, urban neighbourhood at the crossroads of Midtown.
  • Perfect For: Young professionals and families who are looking for a lively, convenient neighbourhood with easy access to public transit and a wide variety of amenities.

2. Forest Hill

  • Highlights: Forest Hill is a prestigious area with luxurious homes, leafy streets, and some of Toronto’s top schools. This neighbourhood exudes an upscale, tranquil vibe.
  • Perfect For: Affluent families and individuals seeking an upscale lifestyle in Toronto, with opportunities to invest in new pre-construction condos that reflect the area’s elegance.

3. Davisville Village

  • Highlights: With its parks, good schools, and family-friendly atmosphere, Davisville Village offers a quiet, suburban feel in the heart of Midtown.
  • Perfect For: Families and individuals looking for a peaceful, community-oriented neighbourhood while still being close to the conveniences of the city. Ideal for those interested in new pre-construction homes in a family-friendly area.

West 

Neighbourhoods and Pre-Construction Condo Opportunities

1. Roncesvalles

  • Highlights: Roncesvalles offers a European feel with its independent shops, vibrant cafés, and a strong sense of community. It’s a neighbourhood that blends old-world charm with modern conveniences.
  • Perfect For: Families and individuals who are looking for a lively, walkable area with a distinct character and a close-knit, welcoming environment.

2. High Park

  • Highlights: Known for its expansive park, High Park is a nature lover’s paradise with ample green space, recreational activities, and community events throughout the year.
  • Perfect For: Nature enthusiasts and families who enjoy outdoor activities, green spaces, and a family-friendly community. High Park is ideal for those seeking pre-construction homes near nature and parks.

3. Bloor West Village

  • Highlights: This charming neighbourhood offers excellent shopping, dining, and a close-knit community atmosphere, with tree-lined streets and a village-like feel.
  • Perfect For: Families and individuals who prefer a tight-knit, friendly neighbourhood with easy access to amenities and a strong sense of community. Ideal for those seeking new homes in a quaint, well-established area.
East End

East End

Neighbourhoods and Pre-Construction Condo Opportunities

1. The Beaches

  • Highlights: The Beaches is known for its sandy beaches, scenic boardwalk, and a wide range of waterfront activities. It offers a laid-back vibe with beautiful outdoor spaces perfect for enjoying the lake.
  • Perfect For: Beach lovers and those seeking a relaxed lifestyle. The area’s mix of nature and tranquility makes it ideal for those interested in pre-construction condos with easy access to the outdoors and beachside living.

2. Leslieville

  • Highlights: This trendy neighbourhood features an eclectic mix of boutique shops, chic cafes, and a vibrant artsy vibe. Leslieville is known for its creative community and modern urban charm.
  • Perfect For: Young professionals and families looking for a hip, up-and-coming area with a lot of character. It’s ideal for those who want a dynamic and evolving neighbourhood with new developments on the horizon.

3. Riverdale

  • Highlights: Riverdale offers a mix of parks, Victorian homes, and a vibrant community. It’s a charming neighbourhood with tree-lined streets and a strong sense of belonging.
  • Perfect For: Families and individuals who enjoy a blend of historic charm with modern amenities. Riverdale’s unique character makes it an attractive location for those interested in pre-construction condos that offer a balance of community, green space, and a touch of history.
 

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