Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In August 2026 TRREB recorded 204 condo apartment sales in C01 (the downtown core, CityPlace, King West, Liberty Village, the Bay Street corridor) at a median of $585,000 and an average of $695,533, and 128 in C08 (Church-Yonge, St. Lawrence, Cabbagetown, Regent Park) at a median of $565,000. Units sold at 96 and 97 percent of list after 41 and 37 days. With 1,858 active listings between them, about 5.6 months of supply, downtown is the largest condo market in the GTA and a competitive one for sellers: price from recent sales of your exact layout.
Downtown Toronto condo prices, August 2026
| Condo apartments, August 2026 | C01 | C08 | Toronto Central | City of Toronto | All TRREB |
|---|---|---|---|---|---|
| Sales | 204 | 128 | 598 | 885 | 1,330 |
| Average price | $695,533 | $673,397 | $698,321 | $651,648 | $617,593 |
| Median price | $585,000 | $565,000 | $576,900 | $550,000 | $530,000 |
| New listings | 542 | 350 | 1,554 | 2,303 | 3,579 |
| Active listings | 1,102 | 756 | 3,294 | 4,938 | 7,882 |
| Sale to list price | 96% | 97% | 96% | 96% | 96% |
| Avg. days on market | 41 | 37 | 39 | 39 | 41 |
Source: TRREB Market Watch, August 2026. One month of data, but large samples. C01 alone recorded 204 condo sales, more than all of Peel Region (130) or York Region (170). Together the two districts made up about 38 percent of City of Toronto condo sales and about a quarter of all TRREB condo sales (my arithmetic), at a sales-weighted average of about $687,000.
What the TRREB district codes mean downtown
“Downtown” almost always means one of two TRREB districts:
- C01 — the downtown core, including the Waterfront Communities and CityPlace, the Bay Street corridor, King West, Liberty Village and Niagara, Kensington-Chinatown, University and Trinity-Bellwoods.
- C08 — the Church-Yonge corridor, St. Lawrence, Moss Park, Cabbagetown, Regent Park and North St. James Town.
C01’s median blends a compact CityPlace unit, a Liberty Village loft and a large older waterfront suite. For King West or Liberty Village, my Liberty Village and King West guide goes deeper; the midtown guide covers north of Bloor.
What the numbers mean for your list price
These ratios are my arithmetic on TRREB’s figures:
| August 2026 | Months of inventory | Sales-to-new-listings | Average minus median |
|---|---|---|---|
| C01 | about 5.4 | about 38% | $110,533 |
| C08 | about 5.9 | about 37% | $108,397 |
| C01 and C08 combined | about 5.6 | about 37% | — |
| Toronto Central | about 5.5 | about 38% | $121,421 |
| City of Toronto | about 5.6 | about 38% | $101,648 |
Downtown moves with the city: buyers have choice, and with 1,102 active listings in C01 they use it, though well-priced units still sell at 96 to 97 percent of list. The average-to-median gap of over $100,000 means a minority of large or luxury units lift the average; price a typical studio or one-bedroom from the median and its own layout’s sales.
- You are rarely the only one. Several units of your layout may be listed in your tower and the next one.
- Price to be the best value in your stack. The best-priced, best-presented unit gets the showings.
- Presentation matters. Photos, staging and a bright, clean unit decide the shortlist.
The new-supply problem: competing with unsold new condos
Urbanation reported a record 4,295 completed, unsold new condos across the Greater Toronto and Hamilton Area in the first quarter of 2026: finished units builders still own and want to sell, many of them the compact layouts common downtown. For a resale seller:
- Buyers can buy new without waiting. Your one-bedroom may be competing with a brand-new one nearby.
- Builders can offer incentives. A builder with finished units to move may offer terms that a private seller cannot match. Your advantage is a known building with real fees and a status certificate.
- Buyers can afford to be picky about layout, condition and price.
If you are weighing selling against renting, should I sell or rent out my condo sets out the trade-offs, and what to do if your condo is worth less than you paid covers the harder case.
What moves your downtown unit above or below the median
- Size and layout. A true two-bedroom, two-bathroom split plan is scarcer than studios and compact one-bedrooms; a den that works as a room adds value.
- Floor, view and exposure. A clear lake or skyline view beats a view into the next tower; units over the Gardiner or rail corridor usually sell for less. See what your floor, view and parking are worth.
- Parking. Many downtown buyers do not need it, so a unit without parking is less of a handicap than in the suburbs.
- Building age and fees. Older 1980s and 1990s towers have larger units and higher fees; newer towers have smaller units and lower fees. Lenders count half the fee against the buyer. See do high maintenance fees lower my condo value.
- Tenancy. A tenant limits who can buy, and when; see how much less is a tenanted condo worth.
- Condition. Where finishes are similar, a well-kept unit stands out.
- The corporation. The status certificate shows the reserve fund, any special assessment and any litigation. See does a special assessment lower my condo value.
The land transfer tax point
Downtown buyers pay Ontario land transfer tax and Toronto’s municipal tax: on a $600,000 condo, $8,475 to each, $16,950 in total, against $8,475 in Mississauga or Vaughan. It is cash they need to close, so it affects what they can offer.
How to get an accurate number for your unit
Downtown has more sales data than anywhere in the GTA, which helps:
- Get a fast range. Run the estimator below; it gives you a range in about a minute.
- Get a broker price opinion built from recent sales of your exact floor plan in your building, adjusted for floor and view.
- Check the active listings of your layout nearby, including new units, and adjust for parking, fees and tenancy.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
If your unit has been listed for a while without offers, read why is my condo not selling before you cut the price.
Where I fit
I sell condos across Toronto and the GTA and price every listing from recent sales of that layout and the competition around it. Run the estimator below, then book a call or phone me at 833-330-1925, and I will show you the sales and listings that set your price.
Free tool — AI condo value estimator
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.
Frequently asked questions
How much is a 1 bedroom condo worth in downtown Toronto?
TRREB does not split condo sales by bedrooms. August 2026 medians for all sizes were $585,000 in C01 and $565,000 in C08. One-bedrooms generally sit below the median; use recent sales of your layout.
Are downtown Toronto condo prices going down?
One month of data cannot show a trend. In August 2026 downtown had about 5.6 months of supply, and Urbanation’s record 4,295 unsold completed GTHA condos in Q1 2026 add competition.
How long does it take to sell a condo in downtown Toronto?
Condo apartments that sold in August 2026 took an average of 41 days in C01 and 37 days in C08, compared with 39 days across the City of Toronto.
Is now a good time to sell my condo in downtown Toronto?
It depends on your plans more than the month. The market favours buyers, but well-priced units still sell close to asking.
Why is my downtown condo worth less than I paid?
Some owners who bought at a peak or bought pre-construction are now selling into a market with more supply. What your unit is worth today is set by recent sales of the same layout, not by the original price.
Which TRREB district is downtown Toronto?
Mainly C01, which covers the downtown core, CityPlace, King West, Liberty Village and the Bay Street corridor, and C08, which covers the Church-Yonge corridor, St. Lawrence, Cabbagetown and Regent Park.
Sources
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- Urbanation — Standing condo inventory hits record high in Q1 — 4,295 completed, unsold new condos, Q1 2026
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
- Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
- Condominium Authority of Ontario — Special assessments
Related reading
- How much is my condo worth in Liberty Village or King West?
- How much is my condo worth in midtown Toronto?
- Toronto condo sales at a 35-year low: should I sell?
- Is your condo worth less? What to do
- Should I sell or rent out my condo?
- How much less is a tenanted condo worth?
- Why is my condo not selling?
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, and I have helped more than 100 families sell their condos. 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 the regulator or the 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.