by Mo Monsef 
In 2025, the average condo price in Toronto is $593,200 CAD, down 3.8% from the previous year. With over 7,311 active listings across key neighbourhoods like Liberty Village, East Bayfront, and North York, Toronto remains a top market for affordable, accessible condo living. MLS® listings update every 15 minutes.
What’s Happening in Toronto’s Condo Market Right Now?
As of 2025, the average price for a condo in Toronto is about CAD 593,200. That’s roughly a 3.8% drop compared to last year, which means the market is becoming more balanced and buyer-friendly.
You’ll find plenty of condos for sale over 7,300 listings right now! This gives buyers more options and better chances to negotiate a good deal.
Why Choose Toronto for Your Next Condo?
Toronto is Canada’s biggest city, home to nearly 3 million people. It’s vibrant, diverse, and full of life. Here’s why Toronto stands out:
Great Jobs and Education: Toronto hosts top universities like the University of Toronto and strong job markets in tech, finance, and healthcare.
Easy Transit: The city offers TTC subway lines, buses, streetcars, and GO trains to help you get around without a car.
Fun and Culture: From the iconic CN Tower to trendy restaurants, festivals, and sports teams, there’s always something to do.
Growing Condo Communities: New condo buildings are popping up all over the city, bringing modern living spaces and amenities.
The Condo Boom: What’s New?
Toronto’s skyline is changing fast! Over the last decade, thousands of new condos have been built, especially in areas like:
Downtown Core — Right in the heart of the city
Liberty Village — Popular with young professionals
East Bayfront — Waterfront living with beautiful views
North York — Family-friendly with bigger units
Whether you want a sleek high-rise or a cozy condo townhome, there’s something for everyone.
Nearby Cities with Great Condo Options
If you want a quieter lifestyle but still close to Toronto, consider these nearby cities:
| City | Distance | Why It’s Great |
|---|---|---|
| Vaughan | 19 km | Family-friendly, new condo developments |
| Markham | 19 km | Tech jobs and good schools |
| Mississauga | 26 km | Large shopping centers and transit access |
| Pickering | 31 km | Affordable condos near the lake |
| Burlington | 53 km | Quiet, green, and peaceful suburbs |
What You Should Know Before Buying a Condo
Buying a condo is a big decision. Here are some key points to keep in mind:
Budget: Know how much you can afford, including mortgage, maintenance fees, and taxes.
Maintenance Fees: Monthly fees cover building upkeep, amenities, and utilities — ask what’s included.
New vs. Resale: New condos offer modern features but may take time to build. Resale condos can be move-in ready.
Transit: Condos near subway stations or GO Transit lines usually hold value better.
Rental Potential: If you’re investing, look for condos near universities or hospitals to attract renters.
Toronto Condo Prices Over the Last 10 Years
Toronto condos have generally increased in value over the last decade. Despite small price dips now and then, investing in Toronto condos has been a smart choice compared to many other markets.
Top Toronto Neighbourhoods for Buying Condos
Here are some of the hottest places to buy a condo in Toronto:
Downtown Core: Close to work, restaurants, and entertainment
Liberty Village: Trendy area popular with millennials
East Bayfront: Beautiful waterfront views and new builds
North York: Spacious units, parks, and family-friendly
Canary District: Modern condos with a community vibe
Each neighbourhood offers a unique lifestyle, so think about what fits you best.
Is 2025 a good time to buy a condo in Toronto?
Yes, 2025 is a favorable time to buy a condo in Toronto due to a slight price drop of 3.8% year-over-year and increased inventory, giving buyers more choices and negotiating power.
What is the average price of condos in Toronto in 2025?
As of June 2025, the average price of condos in Toronto is approximately $593,200 CAD, based on MLS® Home Price Index data.
Which Toronto neighbourhoods are best for buying condos?
Top neighbourhoods for condo buyers include Downtown Toronto, Liberty Village, East Bayfront, North York, and Canary District due to their accessibility, amenities, and strong demand.
How many condos are currently available for sale in Toronto?
There are over 7,300 active condo listings in Toronto as of 2025, with data updated frequently through MLS® systems.
