Most Affordable & Most Expensive Areas to Buy a Condo in Toronto

Here's your weekly recap on the most affordable & most expensive areas to buy a condo in Toronto from August 1-7, 2022.

1-Bed

30 units sold
Average price = $589,483
Most affordable = $440,000 | Birchcliffe (Kingston Rd)
Most expensive = $860,000 | Queen West

1-Bed + Den

31 units sold
Average price = $667,252
Most affordable = $487,500 | Hwy 27 & Finch
Most expensive = $960,000 | Danforth Village

2-Bed

45 units sold
Average price = $720,622
Most affordable = $440,000 | Danforth & Vic Park
Most expensive = $1,125,000 | Queen & Broadview

2-Bed + Den

20 units sold
Average price = $1,040,995
Most affordable = $578,000 | Warden & Sheppard
Most expensive = $2,130,000 | Bayview & Sheppard

3-Bed

12 units sold
Average price = $936,563
Most affordable = $580,000 | Bathurst & Finch
Most expensive = $1,800,000 | Spadina & St. Clair

Overall the condo market is still quite active however there does seem to be some negotiating going on as the average % of list price is hovering around the 98% mark (compared to the 120-130% of list seen earlier this year).

Be sure to check back next week for the most up-to-date stats!

Have any questions about buying a condo?

Feel free to message me on Instagram @TorontoRealEstate.ca !

Rylie C.