Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Etobicoke condo apartments sold for medians of $401,000 to $607,500 by district from January to October 2026, down in four of five districts. With close to six months of supply and about 39 days on market, 2027 starts as a buyer’s market. One-bedrooms rent for about $2,150 to $2,420 a month.
This guide is for anyone buying, selling or renting out a condo apartment in Etobicoke in 2027. It sets out condo prices by TRREB district, how much supply there is, what condos actually rent for, and where in Etobicoke each type of buyer gets the best value, with my own view clearly labelled.
What are Etobicoke condo prices going into 2027?
The typical Etobicoke condo apartment sold for between about $400,000 and $610,000 in 2026, depending on the district. Prices fell in four of Etobicoke’s five TRREB districts compared with 2025, and all five are below 2024.
| District | Median 2024 | Median 2025 | Median 2026 | 2026 vs 2025 | Sales 2026 |
|---|---|---|---|---|---|
| W06 (Alderwood, Long Branch, Mimico, New Toronto) | $666,500 | $624,500 | $607,500 | -2.7% | 422 |
| W07 (Stonegate-Queensway) | $635,000 | $615,000 | $584,000 | -5.0% | 41 |
| W08 (Islington-City Centre West and central Etobicoke) | $603,500 | $575,000 | $525,000 | -8.7% | 507 |
| W09 (Humber Heights, Kingsview Village, Richview) | $535,000 | $510,000 | $525,000 | +2.9% | 65 |
| W10 (Rexdale, Thistletown, West Humber-Clairville) | $540,500 | $513,750 | $401,000 | -21.9% | 84 |
Source: TRREB MLS data via REALM, condo apartments, January–October of each year, median sold price. Community names from TRREB’s district list. Not a forecast.
The medians in W07, W09 and W10 come from fewer than 100 sales, so a handful of large or small units can move them a lot. TRREB’s benchmark prices, which adjust for unit type, are steadier: in October 2026 the apartment benchmark was $596,600 in W06 (up 0.4% from a year earlier), $526,600 in W08 (down 4.5%) and $410,700 in W10 (down 14.1%). For the house side of the market, see my Etobicoke housing market 2027 overview.
Is it a buyer’s market for Etobicoke condos?
Yes. Across W06 to W10, condo apartment sales fell for the second year in a row while listings stayed high.
| Etobicoke condo apartments (W06–W10) | 2024 | 2025 | 2026 |
|---|---|---|---|
| Sales, January–October | 1,463 | 1,221 | 1,119 |
| Active listings, end of October | 683 | 714 | 648 |
| Average days on market | 31 | 37 | 39 |
| Months of supply (my estimate) | 4.7 | 5.8 | 5.8 |
Source: TRREB MLS data via REALM, January–October 2024, 2025 and 2026. Days on market are sales-weighted averages. Months of supply = active listings divided by average monthly sales.
In October 2026 alone, TRREB’s Market Watch shows condo apartments in most Etobicoke districts selling at 96% to 97% of the asking price, with W10 at 92%. W08 had 54 sales and 256 active listings that month, and W06 had 43 sales and 242 listings. With close to six months of supply, buyers can compare units, negotiate on price and ask for conditions such as a status certificate review.
Closing costs are lower than many buyers expect at these prices. At the W08 median of $525,000, Ontario and Toronto land transfer tax add up to $13,950 by my arithmetic. A first-time buyer can get back up to $4,000 of the Ontario tax and up to $4,475 of the Toronto tax, which brings the total to about $5,475. The minimum down payment at that price is $27,500, which is 5% of the first $500,000 and 10% of the rest. Budget separately for legal fees, title insurance and moving.
How much do Etobicoke condos rent for?
Most one-bedroom condos in Etobicoke leased for about $2,150 to $2,420 a month in mid-2026, and two-bedrooms for about $2,600 to $3,270.
| District | Condos leased (Q2 2026) | Avg one-bedroom rent | Avg two-bedroom rent |
|---|---|---|---|
| W06 | 446 | $2,419 | $3,267 |
| W07 | 51 | $2,199 | $2,725 |
| W08 | 668 | $2,172 | $2,828 |
| W10 | 46 | $2,142 | $2,589 |
| City of Toronto | 15,388 | $2,316 | $3,154 |
Source: TRREB Rental Market Report, Q2 2026, condo apartments, average lease rates. W09 is left out because only 16 units were leased. TRREB had not posted its Q3 2026 report when I checked in November 2026.
Across the GTA, TRREB said average condo rents in Q2 2026 were still below a year earlier, with one-bedrooms down 2.3%. The newest data points the other way. The Rentals.ca and Urbanation report released on 5 November 2026 found Toronto’s average asking rent for apartments and condos was $2,590 in October, up 1.6% from a year earlier, the first annual rise after 32 months of declines. Mississauga asking rents were still down 4.3%. My Etobicoke rental market guide covers what landlords and tenants should expect.
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.
Do Etobicoke condos make sense as an investment in 2027?
Only with realistic numbers. A rough gross yield, using the district median price and the average one-bedroom rent, is about 5.0% in W08 ($26,064 a year in rent on $525,000) and about 4.8% in W06. That is before condo fees, property tax, insurance, vacancy and mortgage interest. With the Bank of Canada’s policy rate at 2.50% and prime at 4.70% after the October 2026 hike, my view is that many condos bought with a large mortgage will not cover their costs from rent alone.
Two rent rules matter. First, units first occupied as homes after November 15, 2018 are exempt from Ontario’s rent increase guideline, so the owner of a newer condo is not capped by it when raising a sitting tenant’s rent. The 12-month gap between increases and 90 days’ written notice still apply. Second, older units are covered: the 2027 guideline is 1.9%. Check the occupancy date of the building before you buy, because it changes your long-term rent growth.
Where should you buy a condo in Etobicoke in 2027?
Lakeshore (W06): best for holding value
W06, the lakeshore district that takes in Mimico and the Humber Bay Shores towers, had the highest median and the smallest drop in 2026, and the highest one-bedroom rents. You pay more to get in, but the lake and park access have kept demand steady. My comparison of Humber Bay Shores and The Queensway condos shows the trade-offs.
The Queensway and central Etobicoke (W07, W08): best for choice
W08 is Etobicoke’s busiest condo market, with 507 sales in ten months and many newer buildings. Its median fell 8.7%, and The Queensway has thousands of new homes approved or proposed. That gives buyers choice now, but it also means more competition when you resell.
North Etobicoke (W09, W10): lowest prices, highest risk
W10 had a median of $401,000, the lowest in Etobicoke, after a 21.9% drop. Line 6 Finch West is now open, with 18 stops over 10.3 km from Keele Street to Highway 27 and Humber College’s north campus. That improves transit for parts of north Etobicoke. Check each building’s age, fees and reserve fund study closely before you buy.
Should you buy a new or pre-construction condo in Etobicoke?
If you plan to live in it, 2027 has a deadline worth knowing. The Canada Revenue Agency says Ontario’s enhanced new housing rebate applies to agreements signed from April 1, 2026 to March 31, 2027. It refunds the 8% Ontario part of the HST up to $80,000 for homes up to $1 million, with a partial rebate up to $1.85 million. Ontario’s New Home Affordability Payment can add up to $50,000 toward the federal part, for up to $130,000 in total. The home must be your or a relative’s primary residence. Confirm your eligibility with your lawyer before you sign.
Resale is still cheaper for many buyers, because resale units have fallen in price and you can see the building, the fees and the reserve fund. My list of pre-construction projects in Etobicoke covers what is selling now.
How do Etobicoke condos compare with downtown Toronto and Mississauga?
Etobicoke sits between the two on price. From January to October 2026, the condo apartment median was $600,000 in downtown district C01 (down 6.6%) and $485,000 in Mississauga (down 9.3%), against $525,000 to $607,500 in Etobicoke’s two main condo districts, W08 and W06. Etobicoke buyers get Toronto addresses, Gardiner and highway access, and lake access in the south for less than the downtown core.
A falling median does not mean every unit is a bargain. Some Etobicoke buildings have rising condo fees or special assessments that make a low price expensive to carry. Before you firm up any offer, order the status certificate, have a lawyer read the reserve fund study, and check how many units are listed in the same building. My guide to Etobicoke condo maintenance fees shows how to compare them.
What could move Etobicoke condo prices in 2027?
- Interest rates. The Bank of Canada raised its rate to 2.50% on 28 October 2026 and said a further increase could be needed. Its next decisions are 9 December 2026, then 27 January and 3 March 2027.
- Rents. If Toronto rents keep rising, investor buyers may return, which would firm up prices for small units.
- New supply. Completions of new buildings add competition for both buyers and tenants, especially on The Queensway and in central Etobicoke.
This is my view, not a forecast. 2027 looks like a good year to buy an Etobicoke condo to live in, if your income is steady and you plan to stay at least five years. You have time and choice. As an investor, I would only buy where the numbers work at today’s rents, not tomorrow’s. As a seller, price against your own building’s recent sales and present the unit well; buyers have plenty of options.
What to do next
- Pick two or three districts that fit your budget and commute, using the tables above.
- Pull the last 12 months of sales and leases in each building you like.
- Get a pre-approval and ask your lender how condo fees affect what you qualify for.
- Order the status certificate before your offer goes firm.
- If you already own, check what your unit is worth today. My guide on how much your Etobicoke condo is worth explains the process.
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 Etobicoke in 2026?
Etobicoke condo apartment medians ranged from $401,000 in W10 to $607,500 in W06 from January to October 2026, based on TRREB MLS data via REALM. The two biggest condo districts were W08 at $525,000 and W06 at $607,500. Prices fell in four of the five districts compared with 2025, and all five were below 2024 levels.
Are Etobicoke condo prices going down?
They have been. Condo apartment medians fell in four of Etobicoke’s five TRREB districts in January to October 2026, including 8.7% in W08 and 21.9% in W10, while W09 rose 2.9% on few sales. TRREB’s October 2026 apartment benchmark was up 0.4% in W06. Whether prices fall further in 2027 depends mostly on interest rates and new supply.
Is 2027 a good time to buy a condo in Etobicoke?
For an owner who plans to stay five years or more, 2027 looks like a buyer’s market. Etobicoke had close to six months of condo supply at the end of October 2026, units took about 39 days to sell, and most sold for 96% to 97% of asking. That gives you time to compare and negotiate. Investors need to check that rents cover costs.
How much does a one-bedroom condo rent for in Etobicoke?
In the second quarter of 2026, one-bedroom condos in Etobicoke leased for an average of about $2,150 to $2,420 a month, according to TRREB’s rental report. W06, which includes Mimico and Humber Bay Shores, averaged $2,419, and W08 averaged $2,172. Two-bedroom condos averaged $2,828 in W08 and $3,267 in W06.
Are Etobicoke condo rents going up in 2027?
Toronto rents have started to rise again. The Rentals.ca and Urbanation report of 5 November 2026 found Toronto’s average asking rent for apartments and condos was $2,590 in October 2026, up 1.6% year over year, the first annual increase after 32 months of declines. For sitting tenants in older units, Ontario’s 2027 rent increase guideline is 1.9%.
Which part of Etobicoke has the cheapest condos?
North Etobicoke. TRREB district W10, which includes Rexdale, Thistletown and West Humber-Clairville, had a condo apartment median of $401,000 from January to October 2026, down 21.9% from 2025, according to TRREB MLS data via REALM. W09 and W08 both had medians of $525,000. Check each building’s fees and reserve fund before buying there.
Is rent control in effect for Etobicoke condos?
It depends on when the unit was first lived in. In Ontario, units first occupied for residential purposes after November 15, 2018 are exempt from the annual rent increase guideline. Older units are covered, and the guideline for 2027 is 1.9%. Landlords still need 12 months between increases and at least 90 days’ written notice.
How long does it take to sell a condo in Etobicoke?
About 39 days on average in 2026. Across W06 to W10, condo apartments averaged 39 days on market from January to October 2026, up from 31 days in 2024, based on TRREB MLS data via REALM. In October 2026, W08 condos averaged 38 days and W06 condos 35 days. Well-priced units in buildings with few competing listings sell faster.
Can I get the HST rebate on a new condo in Etobicoke in 2027?
Possibly, if you sign by March 31, 2027 and will live in it. The CRA says Ontario’s enhanced new housing rebate covers agreements signed from April 1, 2026 to March 31, 2027, refunding the 8% Ontario HST up to $80,000. Ontario’s New Home Affordability Payment can add up to $50,000. Confirm eligibility with your lawyer before signing.
Sources
- TRREB Market Watch, October 2026
- TRREB Rental Market Report, Q2 2026
- Rentals.ca and Urbanation National Rent Report, released 5 November 2026
- CRA Notice 346: Ontario enhanced new housing rebate
- Metrolinx: Line 6 Finch West
- Ontario: Calculating land transfer tax
- City of Toronto: Municipal land transfer tax rates and fees
- Bank of Canada: 2027 schedule for interest rate announcements
Related reading
- The Queensway Housing Market in 2027: Condo and House Prices
- Should You Buy a Condo on the Queensway in 2027?
- Selling a Condo on the Queensway in 2027: Pricing and Timing
- Renting on the Queensway in 2027: Condo Rents and Where to Look
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.