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:
- E01 (Leslieville, Riverside, Riverdale, Greenwood-Coxwell): The average price is around $760,445, with a minimum downpayment of $51,045.
- E02 (Upper Beaches & Beaches): The average price is approximately $898,909, with a minimum downpayment of $64,891.
- E03 (The Danforth, East York): The average price is around $603,591, with a minimum downpayment of $35,359.
- W01 (High Park, Roncesvalles, Parkdale): The average price is approximately $774,963, with a minimum downpayment of $52,496.
- W02 (Junction, High Park North, Runnymede): The average price is around $733,434, with a minimum downpayment of $48,343.
- 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.
- C02 (Annex & Yorkville): The average price is around $1,264,892, with a minimum downpayment of $252,978.
- C08 (Cabbagetown, Corktown, St. Lawrence Market, Distillery District, Church Corridor): The average price is approximately $772,731, with a minimum downpayment of $52,273.
- 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.