Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
The median GTA condo apartment sold for $528,000 in October 2026, and TRREB’s apartment benchmark was down 7.3% from a year earlier. From January to October 2026, city medians ran from $340,500 in Oshawa to $583,500 in Aurora among larger markets, and every city with 20 or more sales fell from 2025.
This guide is for condo buyers, sellers and investors who want to compare condo prices across every GTA city before making a move in 2027. You will get the 2026 median price, the change from 2025 and the selling speed for each city, plus Toronto’s main condo districts and what to expect next year.
How much is a condo in the GTA right now?
In October 2026, the median condo apartment across TRREB’s whole market sold for $528,000, and the average for $621,400, according to TRREB’s Market Watch. Inside the City of Toronto, the October median was $545,000.
TRREB also publishes a benchmark price, which tracks a typical unit and is less affected by which condos happened to sell that month. The GTA apartment benchmark was $521,600 in October 2026, down 7.3% from a year earlier. That is a bigger drop than for any other home type. The detached benchmark was down 4.4% and the overall benchmark was down 4.3%.
| Region | Condo apt median, Oct 2026 | Avg. days on market |
|---|---|---|
| All TRREB areas | $528,000 | 38 |
| City of Toronto | $545,000 | 36 |
| Halton Region | $532,500 | 50 |
| York Region | $515,000 | 41 |
| Durham Region | $470,000 | 38 |
| Peel Region | $439,200 | 44 |
Source: TRREB Market Watch, October 2026, condo apartment tables. One month of sales; medians and listing days on market.
What are condo prices in every GTA city?
One month is a small sample, so the table below uses ten months of sales, January to October 2026, for every GTA municipality outside Toronto that sold condo apartments. I added TRREB’s October benchmark where one is published, because it is a second, steadier view of the same market.
| City (region) | Median, Jan-Oct 2026 | Change vs 2025 | Sales | Avg. days on market | Apartment benchmark, Oct 2026 (y/y) |
|---|---|---|---|---|---|
| Brampton (Peel) | $415,000 | -12.6% | 241 | 53 | $398,400 (-9.9%) |
| Caledon (Peel) | $756,250* | n/a | 4 | 52 | $591,400 (-5.4%) |
| Mississauga (Peel) | $485,000 | -9.3% | 1,213 | 42 | $481,300 (-8.9%) |
| Burlington (Halton) | $529,950 | -4.9% | 364 | 52 | $492,600 (-5.7%) |
| Halton Hills (Halton) | $570,000* | n/a | 19 | 36 | $502,400 (-7.6%) |
| Milton (Halton) | $515,000 | -12.0% | 113 | 45 | $498,200 (-6.8%) |
| Oakville (Halton) | $528,000 | -6.0% | 335 | 45 | $537,300 (-7.7%) |
| Aurora (York) | $583,500 | -14.8% | 48 | 45 | $493,900 (-14.0%) |
| East Gwillimbury (York) | $525,000* | n/a | 1 | 156 | n/a |
| Georgina (York) | $500,000* | n/a | 7 | 42 | n/a |
| King (York) | $550,000* | n/a | 19 | 77 | $586,100 (-9.2%) |
| Markham (York) | $558,000 | -13.2% | 582 | 39 | $510,500 (-9.5%) |
| Newmarket (York) | $490,000 | -12.8% | 51 | 54 | $458,100 (-12.9%) |
| Richmond Hill (York) | $529,250 | -8.8% | 344 | 42 | $488,900 (-12.4%) |
| Vaughan (York) | $530,000 | -10.9% | 664 | 42 | $504,900 (-6.5%) |
| Stouffville (York) | $769,500* | n/a | 11 | 31 | $528,800 (-15.0%) |
| Ajax (Durham) | $437,500 | -14.0% | 52 | 38 | $443,500 (-5.0%) |
| Clarington (Durham) | $440,000 | -13.7% | 100 | 37 | $448,600 (-5.7%) |
| Oshawa (Durham) | $340,500 | -14.3% | 77 | 51 | $404,300 (-6.0%) |
| Pickering (Durham) | $470,000 | -13.6% | 117 | 33 | $472,100 (-4.6%) |
| Scugog (Durham) | $812,500* | n/a | 4 | 62 | n/a |
| Uxbridge (Durham) | $597,500* | n/a | 11 | 52 | $562,800 (-3.7%) |
| Whitby (Durham) | $536,000 | -6.2% | 90 | 34 | $497,700 (-3.6%) |
Source: TRREB MLS data via REALM, January to October 2026 vs the same period of 2025 (medians, sales, days on market); TRREB Market Watch, October 2026 (MLS HPI apartment benchmark). *Fewer than 20 sales: treat the median as a rough guide only, and no yearly change is shown. Brock had no condo apartment sales; East Gwillimbury, Georgina and Scugog have no published apartment benchmark.
What the city table tells you
- Cheapest big markets: Oshawa ($340,500) and Brampton ($415,000) had the lowest medians among cities with a real number of sales.
- Most sales: Mississauga (1,213), Vaughan (664) and Markham (582) are the GTA’s largest condo markets outside Toronto.
- Biggest drops: Aurora (-14.8%), Oshawa (-14.3%), Ajax (-14.0%), Clarington (-13.7%) and Pickering (-13.6%). I ranked these in my post on where GTA condo prices fell most in 2026.
- Every larger market fell: among cities with at least 20 sales, none had a higher median than in 2025. Burlington (-4.9%) and Oakville (-6.0%) fell least.
- Slower sales: among cities with at least 20 sales, condos took 33 days (Pickering) to 54 days (Newmarket) on average to sell, longer than houses in most cities.
What do condos cost in Toronto by district?
Toronto’s districts sold 9,173 condo apartments from January to October 2026, about twice as many as the 24 other GTA municipalities combined (4,467), so Toronto needs its own table. REALM data is reported by TRREB district, not for the city as a whole. Here are the busiest condo districts, with the group each belongs to.
| District (area group) | Median, Jan-Oct 2026 | Change vs 2025 | Sales | Avg. days on market |
|---|---|---|---|---|
| C01 (Downtown) | $600,000 | -6.6% | 2,138 | 37 |
| C08 (Downtown) | $565,000 | -7.4% | 1,257 | 38 |
| C10 (Midtown) | $610,000 | -3.9% | 357 | 35 |
| C14 (North York) | $568,500 | -9.0% | 475 | 37 |
| C15 (North York) | $526,750 | -6.8% | 530 | 39 |
| W06 (Etobicoke) | $607,500 | -2.7% | 422 | 40 |
| W08 (Etobicoke) | $525,000 | -8.7% | 507 | 38 |
| E01 (East end) | $670,000 | -4.2% | 114 | 33 |
| E09 (Scarborough) | $450,000 | -11.8% | 211 | 40 |
| E07 (Scarborough) | $450,000 | -13.8% | 191 | 39 |
Source: TRREB MLS data via REALM, January to October 2026 vs 2025. Groups: Downtown C01, C08; Midtown C10; North York C14, C15; Etobicoke W06, W08; East end E01; Scarborough E07, E09. District level only.
Downtown C01 alone sold 2,138 condo apartments in ten months, more than Mississauga. Condo medians fell in 31 of Toronto’s 35 districts in 2026, and I break all 35 down in my Toronto condo price guide. TRREB’s October 2026 apartment benchmark for the City of Toronto was $540,100, down 7.0% from a year earlier.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
How much is a condo townhouse in the GTA?
Condo townhouses are a step up from apartments: more space, often a small yard or terrace, with a monthly condo fee. Here are the cities with at least 20 sales from January to October 2026.
| City | Median, Jan-Oct 2026 | Change vs 2025 | Sales | Avg. days on market |
|---|---|---|---|---|
| Brampton | $570,000 | -10.9% | 237 | 41 |
| Mississauga | $689,300 | -8.1% | 777 | 37 |
| Burlington | $691,000 | -7.1% | 372 | 39 |
| Halton Hills | $580,000 | -3.7% | 39 | 27 |
| Milton | $620,000 | -10.8% | 54 | 46 |
| Oakville | $712,500 | -4.3% | 168 | 34 |
| Aurora | $675,000 | -15.6% | 51 | 45 |
| Markham | $750,000 | -9.1% | 214 | 37 |
| Newmarket | $680,000 | -6.2% | 44 | 32 |
| Richmond Hill | $690,000 | -15.6% | 127 | 38 |
| Vaughan | $768,000 | -6.1% | 87 | 35 |
| Ajax | $625,000 | -5.7% | 50 | 27 |
| Clarington | $525,000 | -15.3% | 37 | 40 |
| Oshawa | $518,500 | -9.0% | 118 | 33 |
| Pickering | $608,000 | -6.5% | 146 | 32 |
| Whitby | $617,500 | -9.3% | 60 | 31 |
Source: TRREB MLS data via REALM, January to October 2026 vs 2025. Cities with fewer than 20 condo townhouse sales are left out.
In October 2026, TRREB’s GTA-wide median condo townhouse was $648,000, and the City of Toronto median was $690,000. In several cities, a condo townhouse now costs only about $150,000 to $200,000 more than a condo apartment. In Mississauga the gap between the medians is about $204,000, and in Oshawa it is about $178,000.
Why are GTA condo prices falling?
Three forces show up in the data I read:
- Too many finished units. Urbanation, a firm that tracks new condos, counted a record 3,897 completed but unsold new condos in the GTA and Hamilton area at the end of 2025, up 131% from 2024, as reported by CP24 in January 2026. Builders with finished units compete with resale sellers.
- Softer rents. TRREB’s Q2 2026 rental report shows the average one-bedroom condo rent at $2,273, down 2.3% from a year earlier, and the average two-bedroom at $3,013, down 1.7%. Lower rents mean investors will pay less for a unit.
- Investors buying in bulk at a discount. In Q3 2026, new condo sales in the GTA and Hamilton doubled from a year earlier to 760 units, but investment groups bought 339 of them in bulk deals, according to Urbanation data reported by CP24 in October 2026. Only 60 were pre-construction sales.
Higher borrowing costs add to the pressure. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026, and prime moved to 4.70%.
Will GTA condo prices go up in 2027?
No one I trust publishes a condo-only forecast for 2027. Here is what the sources say:
- CMHC expects rental markets in Toronto to keep easing in 2026 as new supply arrives, which keeps pressure on investor demand. Its July 2026 baseline has the overall Toronto-area average price rising about 3% in 2027, but that is for all home types and was made before the October rate hike.
- TRREB noted in its Q2 2026 rental report that rental conditions could slowly tighten if leasing keeps growing faster than listings.
- Urbanation’s numbers show new condo construction at historic lows, so fewer new units will finish later this decade. That is a support for prices in the long run, not in 2027.
My view, clearly labelled as a view: I expect condo prices to stay soft through at least the first half of 2027, with the best-located, well-run buildings stabilizing first. A broad rebound needs lower rates or rising rents, and neither is in place as of November 2026.
Which GTA city is best for a condo buyer in 2027?
It depends on what you need:
- Lowest entry price: Oshawa and Brampton, with medians of $340,500 and $415,000.
- Most choice: downtown Toronto (C01, C08), Mississauga, Vaughan and Markham, where hundreds of units sell each year.
- Most stable prices: Burlington and Oakville fell least among larger markets, but their medians are higher.
- Most negotiating room: cities where condos sit longest, such as Newmarket (54 days), Brampton (53) and Burlington (52).
For a $500,000 condo, the minimum down payment in Canada is 5%, or $25,000. With 5% down, CMHC mortgage insurance at 4.00% of the loan adds about $19,000 to the mortgage. Budget for closing costs on top of the down payment.
For an end user who plans to live in the unit for five years or more, 2026 and early 2027 are a better time to buy a condo than any point since 2021. Prices are lower and sellers will negotiate. For an investor, run the numbers on today’s rent, not last year’s, and include the condo fee and the higher rate. If you own a condo and are deciding whether to list, read my guide on selling your Toronto condo now or waiting before you choose.
A low median can hide a building problem. Before you buy any resale condo, get the status certificate reviewed by your lawyer: it shows the reserve fund, any special assessments, lawsuits and fee increases. In a falling market, a cheap unit in a poorly funded building can keep losing value.
What to do next
- Pick two or three cities from the table and compare medians and days on market for your budget.
- Check recent sold prices in the exact building, not the city median.
- Get a mortgage pre-approval at today’s rates, since prime rose to 4.70% in October 2026.
- Review the status certificate and the last two years of condo fee changes before you firm up.
- If you are weighing a new unit, read my notes on whether a pre-construction condo is a good investment in 2027.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What is the average condo price in Toronto in 2026?
In October 2026, the average condo apartment in the City of Toronto sold for $659,214 and the median for $545,000, according to TRREB’s Market Watch. TRREB’s apartment benchmark for the city was $540,100, down 7.0% from October 2025. Averages are pulled up by expensive units, so the median is a better guide to a typical Toronto condo.
What is the average condo price in the GTA?
Across all TRREB areas, the average condo apartment sold for $621,400 in October 2026 and the median for $528,000. The GTA apartment benchmark was $521,600, down 7.3% from a year earlier. By region, October medians ran from $439,200 in Peel to $545,000 in the City of Toronto, according to TRREB’s Market Watch.
Which GTA city has the cheapest condos?
Oshawa had the lowest median condo apartment price among GTA cities with a meaningful number of sales: $340,500 from January to October 2026, down 14.3% from 2025, based on TRREB MLS data via REALM. Brampton was next at $415,000. In Toronto, Scarborough districts such as E07 and E09 had medians of $450,000.
Are condo prices dropping in Mississauga?
Yes. The median condo apartment in Mississauga sold for $485,000 from January to October 2026, down 9.3% from $535,000 in 2025, based on TRREB MLS data via REALM. Mississauga sold 1,213 condo apartments in that time, the most of any GTA city outside Toronto, and TRREB’s October 2026 apartment benchmark there was down 8.9% year over year.
How much is a condo in Vaughan or Markham in 2026?
From January to October 2026, the median condo apartment sold for $530,000 in Vaughan (down 10.9%) and $558,000 in Markham (down 13.2%), based on TRREB MLS data via REALM. TRREB’s October 2026 apartment benchmarks were $504,900 in Vaughan and $510,500 in Markham. Both cities sold more than 580 condo apartments in that period.
Will condo prices go up in Toronto in 2027?
There is no reliable condo-only forecast for Toronto in 2027. CMHC’s July 2026 baseline sees the overall Toronto-area average price up about 3% in 2027, but that covers all home types and came before the October 2026 rate hike. Record unsold new condos and softer rents still weigh on condo prices heading into 2027.
How long does it take to sell a condo in the GTA?
In October 2026, GTA condo apartments that sold had been listed for 38 days on average, according to TRREB. From January to October 2026, average days on market ran from 33 days in Pickering to 54 days in Newmarket among cities with at least 20 sales, and downtown Toronto’s C01 district averaged 37 days, based on TRREB MLS data via REALM.
What is the median condo townhouse price in the GTA in 2026?
The GTA-wide median condo townhouse sold for $648,000 in October 2026, and the City of Toronto median was $690,000, according to TRREB. From January to October 2026, city medians ran from $518,500 in Oshawa to $768,000 in Vaughan among cities with at least 20 sales, based on TRREB MLS data via REALM.
How much down payment do I need for a $500,000 condo in Ontario?
You need at least $25,000, which is 5% of a $500,000 price, under Canada’s minimum down payment rules. With less than 20% down, you also need mortgage insurance; at 5% down, CMHC’s premium is 4.00% of the loan, about $19,000, added to the mortgage. You also need cash for closing costs such as legal fees.
Is it a good time to buy a condo in the GTA?
For buyers who will live in the unit for several years, late 2026 offers lower prices and more negotiating room than any time since 2021: GTA apartment benchmarks were down 7.3% year over year in October 2026. Investors face lower rents and higher rates, so the math is harder. No one can promise prices have reached bottom.
Sources
- TRREB Market Watch, October 2026
- TRREB Rental Market Report, Q2 2026
- CP24: Bulk new condo purchases boosting sales in GTHA, but the supply pipeline is drying up (21 Oct 2026)
- CP24: New condo sales in the GTHA plummet to the lowest seen since 1991 (21 Jan 2026)
- Bank of Canada: policy rate raised to 2.5%, 28 October 2026
- CMHC: Summer Update, 2026 Housing Market Outlook
- Financial Consumer Agency of Canada: Down payment
Related reading
- GTA Housing Market Forecast 2027: City-by-City Numbers
- Mississauga Housing Market 2027: Prices, Sales and What to Expect
- Brampton Housing Market 2027: Prices, Sales and What to Expect
- Markham and Richmond Hill Housing Market 2027
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.