Short answer
A GTA condo apartment sold for an average of $636,323 in July 2026, down 2.3 per cent year over year — $672,807 inside the City of Toronto and $560,923 in the 905. But the average is close to meaningless for your unit, because floor, exposure, view, parking and locker can swing two identical floor plans in the same tower by $80,000 or more. Price your unit on the stack, not on the building average.
Why condos don’t price like houses
With a house, square footage and lot do most of the work. With a condo, two units with identical floor plans in the same building routinely trade tens of thousands of dollars apart. The difference is the stack: which floor you are on, which way you face, what you see out the window, and whether the parking spot and locker are deeded to you.
That is why a generic “home value” tool tends to be poor at condos. It knows your postal code and your square footage. It usually does not know that you are on 32 with an unobstructed south lake view and owned parking, while the comparable it just used was on 6, facing the neighbouring tower, with no spot.
What the GTA condo market did in July 2026
| Measure | July 2026 | Change vs July 2025 |
|---|---|---|
| Condo apartment sales, GTA | 1,564 | −0.1% |
| Average condo apartment price, GTA | $636,323 | −2.3% |
| MLS® HPI apartment benchmark | $535,200 | −7.35% |
| New listings | 4,190 | — |
| Active listings | 8,352 | — |
| Average days on market | 40 days | — |
| Sale-to-list ratio | 97% | — |
Split by geography, the two halves of the condo market are behaving differently:
| Area | Sales | Average price | Change | Days on market |
|---|---|---|---|---|
| City of Toronto (416) | 1,054 | $672,807 | −1.6% | 41 |
| 905 region | 510 | $560,923 | −5.0% | 40 |
The number that matters most to a seller in that table is not the price — it is 4,190 new listings against 1,564 sales, a ratio of roughly 2.6 new listings for every completed sale, with 8,352 units sitting active. That is a buyer’s market by any standard definition, and it means pricing accuracy matters far more than it did in 2021. BMO chief economist Doug Porter, on the condo segment: “We don’t see a quick turnaround on that front.”
Estimate your unit
The tool below is built specifically for apartments. You pick your floor on a visual building, set your exposure on a compass, choose your view, and flag parking and locker — then it returns a range with every adjustment itemised.
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.
What actually moves a condo’s price
1. The building and the district, before anything else
A Humber Bay Shores tower and a Scarborough mid-rise are different markets with different buyer pools, different price-per-square-foot bases and different resale liquidity. Building reputation, age, amenity load and maintenance-fee level all sit inside this term. It is the largest single input.
2. Floor height
Above roughly the fourth floor, each additional storey adds a small premium — in the order of a third of a per cent per floor, and it compounds. The reason the premium is small per floor but large in total is that it is really pricing two things at once: noise and light on the lower floors, and view protection on the upper ones. Past a certain height the premium plateaus, because there is nothing left to see over.
3. Exposure
South and west generally carry a premium in Toronto for light; north units are typically the value buy; east splits the difference. Exposure interacts with floor — a north unit on 40 with a clear skyline view beats a south unit on 4 staring at a podium.
4. View
This is the most underrated line item and the one owners most often forget to mention. A full, protected lake or skyline view is worth real money. A “partial” view that a proposed development will erase in three years is worth much less, and buyers increasingly check the development applications before they offer.
5. Parking and locker
Owned parking is close to a fixed-dollar add rather than a percentage — in the GTA it typically sits in the $40,000 to $60,000 range depending on the building and the area, and it can be the single difference between selling and sitting. A locker adds a smaller, but real, amount. Note that exclusive use is not the same as owned and deeded, and buyers’ lawyers will find the difference.
6. Layout efficiency, not just bedroom count
A well-laid-out 620 sq ft one-bedroom-plus-den with a real den and a proper kitchen outperforms a chopped-up 700 sq ft two-bedroom with a bedroom that has no window. Buyers price usable space, and the listing sheet does not capture that.
7. Maintenance fees
Fees are effectively capitalised into price. A unit carrying $1.05 per square foot in a building with a healthy reserve fund is worth more than an identical unit at $0.95 in a building facing a special assessment. This is one of the reasons a status certificate matters before you set a price, not after you get an offer.
The honest counterweight
No automated model can read your building’s status certificate, your reserve fund study, or the special assessment your board discussed last month. It cannot see that your building has a stigma from a well-publicised issue, or a premium from an unusually good property manager. On a condo, more of the value sits in documents than in the walls — and documents are where I’d spend the extra half hour.
Want a real number for your unit?
Send me the building and the unit number. I will pull what has actually sold in your stack, tell you where your exposure and floor sit against them, and give you a price range and a realistic timeline. I will also flag anything in the building that a buyer’s lawyer is going to raise.
Ask for a condo valuation · connect@jatindua.com · 437-987-1925
Free, no obligation, and I answer personally within 24 hours.
Related reading
- Home value estimator — for houses, semis, and freehold or condo townhomes.
- Humber Bay Shores and other GTA community guides.
- Net proceeds calculator — what you keep after commission, legal fees and mortgage payout.
Frequently asked questions
What is the average condo price in Toronto in 2026?
In July 2026 the average condo apartment sale price across the TRREB area was $636,323, down 2.3 per cent year over year. Within the City of Toronto the average was $672,807 and in the 905 region it was $560,923. The MLS HPI apartment benchmark, which controls for unit mix, was $535,200.
How much does a higher floor add to a condo’s value?
Above about the fourth floor, each additional storey typically adds a fraction of a per cent, and it compounds — so the gap between floor 6 and floor 36 is meaningful while the gap between floor 6 and floor 8 is not. The premium flattens once the view is fully open, because you are no longer buying anything new.
How much is a parking spot worth in a Toronto condo?
Owned, deeded parking in the GTA usually adds somewhere in the $40,000 to $60,000 range depending on the building and neighbourhood, and it behaves more like a fixed dollar amount than a percentage. Downtown buildings with scarce parking sit at the top of that range. Exclusive-use parking is worth less than owned parking, and a locker typically adds a much smaller amount.
Is now a good time to sell a condo in Toronto?
July 2026 had 4,190 new condo listings against 1,564 sales and 8,352 active listings — roughly 2.6 new listings for every sale. That is a buyer’s market, and it means accurate pricing and strong presentation matter far more than they did a few years ago. Condos that priced against recent closed sales still sold, at an average of 97 per cent of asking in about 40 days.
Do maintenance fees affect what my condo is worth?
Yes, materially. Buyers capitalise the fee into the price they are willing to pay, and a building with a weak reserve fund or a pending special assessment is discounted further. Two identical units can be priced differently purely on the strength of the status certificate.
Which exposure is worth the most in a Toronto condo?
South and west exposures generally carry a premium for light and, near the waterfront, for the lake view; north units are usually the value option and east sits between. Exposure only matters in combination with floor and what is actually in front of you — a protected north view above the surrounding roofline beats an obstructed south one.
Can an online estimator value my condo accurately?
It can give you a defensible range if it asks the right questions — floor, exposure, view, parking, locker, layout and area, rather than just square footage and postal code. It cannot read your status certificate, your reserve fund study or your building’s reputation, so treat it as a starting point rather than a listing price.
Sources
- Canadian Mortgage Professional, “GTA condo market stays under pressure as July listings shrink”, August 2026 — mpamag.com
- Toronto Regional Real Estate Board, Market Watch, July 2026 — trreb.ca
- WOWA, Toronto Housing Market report, 5 August 2026 — wowa.ca
- What is my home worth? A straight answer for Toronto & GTA owners
- AI valuation vs a Realtor CMA vs a bank appraisal
- What homes actually sold for in the GTA: July 2026 by type and region
- What actually adds value before you sell in the GTA
About the author — Jatin Dua, Toronto & GTA Realtor
I’m a licensed Realtor with RE/MAX Quantum Realty at 799 The Queensway in Etobicoke, and I work with buyers, sellers and investors across Toronto, Etobicoke, Mississauga, Oakville and the wider GTA. I build the valuation tools on this site myself and I publish the assumptions behind them, because a number you can’t interrogate is a number you shouldn’t act on. If you want the version of this with your actual address in it: connect@jatindua.com or 437-987-1925.