Average cost of a condo in Toronto

 

In the Greater Toronto Area (GTA), as of May 2023, the average cost of condominium apartments is approximately $703,566. However, it’s essential to note that prices can vary significantly depending on the specific neighbourhood and type of property.
 

Breakdown of the average prices of condos in various Toronto neighbourhoods:

 

  1. E01 (Leslieville, Riverside, Riverdale, Greenwood-Coxwell): The average price is around $760,445, with a minimum downpayment of $51,045.
  2. E02 (Upper Beaches & Beaches): The average price is approximately $898,909, with a minimum downpayment of $64,891.
  3. E03 (The Danforth, East York): The average price is around $603,591, with a minimum downpayment of $35,359.
  4. W01 (High Park, Roncesvalles, Parkdale): The average price is approximately $774,963, with a minimum downpayment of $52,496.
  5. W02 (Junction, High Park North, Runnymede): The average price is around $733,434, with a minimum downpayment of $48,343.
  6. C01 (Brockton Village, Dundas West, King & Queen West, Little Italy, Kensington & Bay Street Corridor): The average price is approximately $777,729, with a minimum downpayment of $52,773.
  7. C02 (Annex & Yorkville): The average price is around $1,264,892, with a minimum downpayment of $252,978.
  8. C08 (Cabbagetown, Corktown, St. Lawrence Market, Distillery District, Church Corridor): The average price is approximately $772,731, with a minimum downpayment of $52,273.
  9. C09 (Summerhill, Rosedale): The average price is around $1,120,000, with a minimum downpayment of $224,000.

Additionally, the average prices of condos based on property type are as follows:


  • average prices Condo Townhouses:

    • Price Range: $200K to $300K – No. of Condo Townhouses: 0
    • Price Range: $300K to $400K – No. of Condo Townhouses: 0
    • Price Range: $400K to $500K – No. of Condo Townhouses: 11
    • Price Range: $500K to $600K – No. of Condo Townhouses: 40
    • Price Range: $600K to $700K – No. of Condo Townhouses: 86
    • Price Range: $700K to $800K – No. of Condo Townhouses: 167
    • Price Range: $800K to $900K – No. of Condo Townhouses: 100
    • Price Range: $900K to 1MIL – No. of Condo Townhouses: 66
    • Price Range: $1MIL to 1.25MIL – No. of Condo Townhouses: 32
    • Price Range: $1.25MIL to 1.5MIL – No. of Condo Townhouses: 15

  • average prices Condo Apartments:

    • Price Range: $200K to $300K – No. of Condo Apartments: 6
    • Price Range: $300K to $400K – No. of Condo Apartments: 21
    • Price Range: $400K to $500K – No. of Condo Apartments: 165
    • Price Range: $500K to $600K – No. of Condo Apartments: 532
    • Price Range: $600K to $700K – No. of Condo Apartments: 746
    • Price Range: $700K to $800K – No. of Condo Apartments: 745
    • Price Range: $800K to $900K – No. of Condo Apartments: 373
    • Price Range: $900K to 1MIL – No. of Condo Apartments: 176
    • Price Range: $1MIL to 1.25MIL – No. of Condo Apartments: 102
    • Price Range: $1.25MIL to 1.5MIL – No. of Condo Apartments: 55

Please remember that these prices are averages and may vary based on specific factors such as location, size, amenities, and market conditions. It is recommended to consult with a real estate professional for the most up-to-date and accurate information regarding condo prices in the GTA.

 

The average price of a Toronto condo in the Greater Toronto Area (GTA) as of May 2023 is approximately $703,566.

However, it’s important to note that prices can vary significantly depending on the specific neighbourhood and type of property. The average prices mentioned for different communities and property types provide a more detailed understanding of the condo market in Toronto. It’s advisable to consult with a real estate professional to obtain the most accurate and up-to-date information on condo prices in the GTA, as market conditions can change over time.