Published 16 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In August 2026, City of Toronto condo apartments averaged $651,648, condo townhouses $712,296, freehold townhouses $1,026,018 and semi-detached homes $1,110,639. Condos cost least up front but carry monthly fees and depend on building health; townhouses balance space and cost; semis give land and control with higher purchase prices and full maintenance responsibility.
Toronto prices by type, August 2026
| Type | Average price | Median price | Sales |
|---|---|---|---|
| Condo apartment | $651,648 | $550,000 | 885 |
| Condo townhouse | $712,296 | $661,650 | 120 |
| Freehold townhouse | $1,026,018 | $962,000 | 45 |
| Semi-detached | $1,110,639 | $981,000 | 159 |
| Detached | $1,525,749 | $1,170,000 | 550 |
Source: TRREB Market Watch, August 2026, City of Toronto.
Monthly costs and responsibility
| Condo apartment | Condo townhouse | Freehold townhouse or semi | |
|---|---|---|---|
| Monthly fees | Yes, often the largest variable | Yes, usually lower | None |
| Exterior maintenance | Corporation | Corporation or shared | You |
| Control over renovations | Rules apply | Rules apply | Mostly yours |
| Special assessment risk | Yes | Yes | No |
| Land value in price | Little | Some | More |
What can you carry?
Fees and property tax change what you qualify for. Test it below.
Free tool — what can you actually afford here?
Resale considerations
- Condos compete with many similar units; building health and fees drive value. See comparing fees.
- Freehold townhouses and semis have land value and a smaller pool of comparable listings.
- Parking and outdoor space matter more to family buyers.
Where I fit
I am Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I help buyers across Toronto and the GTA compare total monthly cost and resale risk across these three types before choosing.
The takeaway
Condos cost least up front but carry fees and building risk; condo townhouses add space at moderate cost; freehold townhouses and semis give land and control at higher prices with full maintenance. Compare total monthly cost and resale depth, not just purchase price.
Talk it through with me
Not sure which type fits?
Tell me your budget and must-haves. I will compare all three with real listings and monthly costs.
I will come back to you personally, usually the same day. If it is urgent, call or text 833-330-1925.
Frequently asked questions
Is a condo or townhouse better in Toronto?
Condos cost less up front but carry monthly fees; townhouses give more space and often more land value. Compare total monthly cost.
What is the average semi-detached price in Toronto?
City of Toronto semi-detached homes averaged $1,110,639 in August 2026, with a median of $981,000.
What is the difference between a condo townhouse and a freehold townhouse?
A condo townhouse is part of a corporation with fees and rules; a freehold townhouse is owned outright with no corporation.
Do condo fees make condos a bad deal?
Not necessarily. Fees cover services and building reserves, but high fees per square foot reduce resale value.
Which type appreciates most?
Historically land-based homes have benefited from land value, but results vary by location, building and timing.
What is cheapest to buy in Toronto?
Condo apartments had the lowest average price in August 2026, at $651,648.
Sources
- TRREB Market Watch, August 2026 — district tables W06, W07 and W08 for all home types, detached and condo apartment, plus the MLS® HPI benchmark page. Accessed 16 September 2026.
- Condominium Act, 1998 — including the 10-day rescission period for new condominium units bought from a developer. Accessed 16 September 2026.
- Real Estate Council of Ontario (RECO) — public register of registrants, registration categories and disciplinary decisions. Accessed 16 September 2026.
Related reading
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, Etobicoke. I work with buyers and sellers across Toronto and the GTA, with deep local knowledge of the west end. Four-plus years of active GTA transactions and over $100 million in sales volume. Every market figure here comes from TRREB’s published tables and every rule from RECO or Ontario legislation, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.