Toronto Condo Market
July 2026 data · Updated August 12, 2026Source: TRREB Market Watch, July 2026
The condo segment is the one part of the GTA market showing genuine price stabilisation. Average condo apartment prices rose 0.9% month-over-month in July 2026 to $636,323 — and the 2.3% annual decline was the shallowest of any major property type.
That is a meaningful reversal of the story that dominated 2024 and 2025. Lower prices are now attracting buyers back into the most affordable corner of the market, even while detached values continue to slide.
GTA condo figures for July 2026
Avg. condo apartment price
$636,323
-2.3% year-over-year
Condo apartment sales
1,564
-0.8% year-over-year
Avg. condo townhouse price
$704,367
-5.3% year-over-year
Share of all GTA sales
26.1%
of 5,995 total sales
Discount to detached
51%
vs. $1,291,690 detached
GTA months of supply
4.4
3–5 months = balanced
Condos versus freehold homes
Ranked by annual price change, the pattern is consistent: the cheaper the segment, the better it is holding value.
| Property type | Average price | 1-year change | Sales |
|---|---|---|---|
| Condo apartment | $636,323 | -2.3% | 1,564 |
| Freehold townhouse | $903,986 | -2.7% | 567 |
| Detached | $1,291,690 | -5.1% | 2,789 |
| Condo townhouse | $704,367 | -5.3% | 436 |
| Semi-detached | $964,922 | -7.3% | 557 |
Condominium-tenure segments highlighted. Source: TRREB Market Watch, July 2026.
What this means
If you're buying a condo
The steepest part of the condo correction is behind the market, and the segment is now the most affordable entry point in the GTA at roughly 51% below the average detached price. Two things still deserve scrutiny before you commit to a building: the status certificate and reserve fund, and the monthly fee trajectory. Budget your closing costs with the Ontario land transfer tax calculator — Toronto buyers pay it twice.
If you're selling a condo
Conditions are improving but not forgiving. Sales held roughly flat year-over-year while the wider market saw listings collapse, so well-priced units are moving. Price against recent comparable sales in your own building rather than against the GTA average — condo pricing is building-specific in a way freehold pricing is not.
For the full regional picture across every property type, see the Toronto & GTA housing market report.
Common questions
What is the average condo price in Toronto right now?
The average GTA condo apartment sold for $636,323 in July 2026, down 2.3% year-over-year but up 0.9% from the previous month. That was the shallowest annual decline of any major property type.
Are Toronto condo prices still falling?
They are stabilising faster than the rest of the market. Condo apartments fell 2.3% year-over-year in July 2026, compared with 5.1% for detached homes, and posted a small month-over-month increase. Sales were essentially flat against a year earlier at 1,564.
Is now a good time to buy a Toronto condo?
Condos currently offer the best combination of price stability and entry cost in the GTA — the segment has already absorbed most of its correction and is showing early signs of firming. Whether that suits you depends on your carrying costs, holding period and condo fees. Check the status certificate and reserve fund before committing to any specific building.
Why are condos holding value better than detached homes?
Affordability. Condo apartments are the lowest-priced way into the GTA market, so demand holds up better when borrowing costs constrain purchasing power. Detached homes sit at a much higher price point, which makes their buyer pool more sensitive to mortgage rates and stress-test qualification.
What is the difference between a condo apartment and a condo townhouse?
Both are condominium tenure — you own the unit and share ownership of the land and common elements through a condo corporation. A condo apartment is a unit in a low-, mid- or high-rise building. A condo townhouse is a townhouse-format unit under the same ownership structure. They price very differently: $636,323 versus $704,367 on average in July 2026.
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Figures are sourced from TRREB Market Watch, July 2026. This page is updated in place with each monthly release. Market data is reported for the Greater Toronto Area as defined by TRREB and is not investment advice.