Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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Queensway condos sold for a median of $584,000 in Stonegate-Queensway (W07) and $525,000 in Islington-City Centre West (W08) from January to October 2026, down 5.0% and 8.7% from 2025 (TRREB MLS data via REALM). They took 36 to 38 days on average. In 2027, price against your own building’s recent sales and aim to list in spring.
This guide is for owners who plan to sell a condo on The Queensway in Etobicoke in 2027. You will get the latest sold prices for the two TRREB districts the street runs through, how fast units are selling, how to set your price and which months give you the best chance.
What is a Queensway condo worth in 2027?
There is no official price for “The Queensway”. The street crosses two TRREB districts. The east part, roughly Park Lawn Road to Islington Avenue, sits in W07 (Stonegate-Queensway). The west part, from Islington out to Kipling and Sherway, sits in W08 (Islington-City Centre West). W08 also takes in the towers near Kipling and Islington stations, so it is much bigger than the street. I explain the split in what Queensway condos actually sold for in 2026.
Here are the district numbers for condo apartments, year to date.
| District | Median 2024 | Median 2025 | Median 2026 | Change vs 2025 | Sales 2026 | Avg days on market 2026 |
|---|---|---|---|---|---|---|
| W07 Stonegate-Queensway | $635,000 | $615,000 | $584,000 | -5.0% | 41 | 36 |
| W08 Islington-City Centre West | $603,500 | $575,000 | $525,000 | -8.7% | 507 | 38 |
Source: TRREB MLS data via REALM, January to October of each year (2026 vs the same period of 2025 and 2024). Condo apartments only. District medians, not building or street prices.
Two things stand out. First, prices slipped two years in a row in both districts. If you bought in 2022 or 2023, you may be close to or below what you paid. Second, W07 had only 41 condo sales in ten months. A few very large or very small units can move that median a lot. Treat it as a rough guide, not a target.
The MLS Home Price Index gives a second view. It tracks a “typical” apartment rather than whatever happened to sell. In October 2026 the apartment benchmark was $523,600 in W07 (down 8.0% in a year) and $526,600 in W08 (down 4.5%). Across all TRREB areas it was $521,600 (down 7.3%).
How fast are condos selling on the Queensway?
October 2026 is the latest month TRREB has published.
| Area | Sales | Median price | New listings | Active listings | Sale-to-list | Avg days on market |
|---|---|---|---|---|---|---|
| W07 Stonegate-Queensway | 7 | $520,000 | 15 | 24 | 97% | 26 |
| W08 Islington-City Centre West | 54 | $522,500 | 144 | 256 | 97% | 38 |
| City of Toronto | 949 | $545,000 | 2,694 | 5,251 | 97% | 36 |
Source: TRREB Market Watch, October 2026, condo apartments. Seven sales in W07 is a very small sample.
The number that matters most to a seller is supply. W08 had 256 condo apartments for sale at the end of October and 54 sales in the month. At that pace, that is close to five months of supply (my arithmetic: 256 divided by 54). Across the City of Toronto it was about five and a half months. Buyers have choice, and they know it.
The good news is the 97% sale-to-list ratio. Units that are priced right still sell close to their asking price. The discount mostly happens when the price is set, before the listing goes live, not at the offer table.
How should I price my Queensway condo to sell?
Start with your own building, not the district. A buyer who looks at your unit will also look at every other listing in your building and the buildings next door. Here is the order I use:
- Your building’s last sales. Look at 6 to 12 months of sold prices for similar layouts. Adjust for floor, view, parking and locker.
- Your direct competition. Count active listings in your building and the two closest buildings. If three similar units are for sale, the best-presented one at a fair price usually sells first.
- Expired listings. Units that did not sell show you where the ceiling is.
- Price per square foot. Use it as a check, not the answer. Small units always show a higher number per square foot.
If nothing in your building has sold lately, the method changes. I cover that in how to price a condo when nothing in your building has sold.
Parking matters a lot on this street. Many newer suites were sold without a spot. A one-bedroom with parking and a locker competes in a different pool from one without. Say so clearly in the listing and in the first photo caption.
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.
When is the best time to sell a condo on the Queensway in 2027?
Spring is usually the busiest season for condo sales. TRREB reported 1,553 condo apartment sales across its area in April 2026, against 1,385 in October 2026. More sales means more buyers out looking, which helps a well-priced unit sell faster.
For 2027, three other things matter:
- Interest rates. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026 and said a further increase could be needed. It expects inflation to stay around 3% through much of 2027. Its 2027 decision dates start on 27 January, then 3 March and 28 April. Higher rates shrink what buyers can borrow.
- New supply on the street. BLVD Q at 935 The Queensway, with 210 suites, has an occupancy target of 2027. Iridesa at 1156 The Queensway is a 220-unit rental building under construction. New suites and new rentals compete with resale units, especially smaller ones.
- Your own deadlines. A mortgage renewal, a tenant’s lease end or a purchase you have already signed may matter more than the season.
My view, and it is only a view: list between late February and May if you can, and avoid launching in the same weeks a nearby building is releasing a wave of new suites. For more on seasons, see the best time of year to buy or sell in Etobicoke.
What will buyers check before they make an offer?
Condo buyers are careful right now. Expect them to ask for these items, or to make their offer conditional on them:
- The status certificate. It shows the reserve fund, the budget, any special assessment and whether your unit owes fees. The Condominium Authority of Ontario says a corporation can charge up to $100 including tax and must provide it within 10 days. Order it before you list. Here is what a status certificate tells a buyer.
- Maintenance fees. Buyers compare fees per square foot between buildings. A higher fee is easier to accept if it includes heat or water, so explain what it covers.
- Rent-control status. Investors check when the building was first occupied. Ontario says units first occupied for residential use after 15 November 2018 are exempt from the rent increase guideline. For an investor, that can make a newer Queensway suite more attractive.
- Construction nearby. Many buyers look up the City’s development applications. Know what is approved around your building so you can answer honestly.
Should I sell my Queensway condo with a tenant in it?
You can, but it narrows your buyer pool. The lease carries over to the buyer unless the tenant agrees to leave, or the buyer (or a close family member) plans to move in and proper notice is given under the Residential Tenancies Act. Owner-occupiers usually want the unit empty on closing. Investors may like a tenant who pays market rent. I break down the price effect in how much less a tenanted condo is worth.
If you are torn between selling and renting out, compare your carrying costs with local rents. In TRREB’s Q2 2026 rental report, one-bedroom condos leased for an average of $2,199 a month in W07 and $2,172 in W08.
How much does it cost to sell a condo in Toronto?
Sellers do not pay land transfer tax. Your main costs are:
- Real estate commission. It is negotiable, and HST is added. Ask what is included: photos, floor plans, staging advice and how the unit will be marketed.
- Legal fees. Your lawyer handles the closing and pays off your mortgage.
- Mortgage penalty. Breaking a fixed-rate mortgage early can be costly. Ask your lender for a payout statement before you set your price.
- Status certificate. Up to $100.
- Tax on the gain. If the condo was your principal residence for every year you owned it, the gain is usually not taxed. If it was a rental, speak to an accountant before you list.
To see the full math, use how much you will walk away with when you sell a condo.
Do not price off what your unit was worth in 2022, or off the price a builder is asking for a new suite down the street. Builder prices often come with incentives and a closing date years away. Resale buyers compare you with what has actually sold. In my experience, a unit that starts too high sits, gets a price cut, and often ends up selling for less than a fair first price would have brought.
The Queensway is a buyer’s market for condos, but it is not a no-sale market. Clean, well-priced units with parking still sell close to asking. If you can, get the status certificate early, fix the small things, and launch in spring at a price that matches your building’s last three sales. If you must sell in fall or winter, price a little sharper and expect fewer showings.
What to do next
- Pull the last 12 months of sold and leased prices in your building and the two closest buildings.
- Ask your lender for a payout statement and the exact penalty.
- Order the status certificate so it is ready the day you list.
- Count competing active listings in your building the week before you launch.
- Run your unit through the condo value estimator above, then ask for a written comparative market analysis.
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
How much is my Queensway condo worth in 2027?
It depends on your building, but district medians are the starting point. From January to October 2026, condo apartments sold for a median of $584,000 in Stonegate-Queensway (TRREB W07) and $525,000 in Islington-City Centre West (W08), according to TRREB MLS data via REALM. Floor, size, parking and building can put your unit well above or below those numbers, so compare your building’s own recent sales before setting a 2027 price.
Are condo prices on the Queensway going down?
Yes, they fell again in 2026. The median condo apartment price dropped 5.0% in W07 and 8.7% in W08 for January to October 2026 compared with the same months of 2025, per TRREB MLS data via REALM. The October 2026 MLS Home Price Index apartment benchmark was down 8.0% in W07 and 4.5% in W08 from a year earlier. Plan a 2027 Queensway sale on today’s numbers, not on a hoped-for rebound.
How long does it take to sell a condo on the Queensway?
About five to six weeks on average. Condo apartments in Toronto W07 and W08 took 36 and 38 days on market on average from January to October 2026, according to TRREB MLS data via REALM. In October 2026 alone, W08 averaged 38 days. A well-priced Queensway unit with parking can sell faster, while an overpriced one can sit much longer and need a price cut.
What is the best month to sell a condo in Toronto in 2027?
Spring is usually the strongest season. TRREB recorded 1,553 condo apartment sales across its area in April 2026, compared with 1,385 in October 2026. More buyers are active from late February to June. For a 2027 Queensway sale, also watch the Bank of Canada’s rate decisions, starting 27 January 2027, and any new condo completions near your building.
Which TRREB district is my Queensway condo in?
It depends on the address. The east end of The Queensway, roughly Park Lawn Road to Islington Avenue, is in Toronto W07, Stonegate-Queensway. The west end, from Islington Avenue to Kipling Avenue and Sherway, is in Toronto W08, Islington-City Centre West. W08 is much larger than the street and includes the towers near Kipling and Islington subway stations, so its 2026 numbers are only a rough guide.
Should I get a status certificate before I list my condo in Ontario?
Yes, ordering it early is a good idea. Most buyers ask for the status certificate or make their offer conditional on reviewing it. The Condominium Authority of Ontario says a corporation can charge up to $100 including tax and must provide it within 10 days. Having it ready when you list a Queensway condo in 2027 saves time and shows buyers the reserve fund and any special assessment up front.
Can I sell my Queensway condo with a tenant living in it?
Yes. The lease carries over to the buyer unless the tenant agrees to leave, or the buyer or a close family member plans to live there and proper notice is given under Ontario’s Residential Tenancies Act. Tenanted units appeal mainly to investors, so expect fewer buyers. In TRREB’s Q2 2026 rental report, Queensway-area one-bedroom condos leased for about $2,170 to $2,200 a month on average.
How much does it cost to sell a condo in Toronto in 2027?
Sellers in Toronto do not pay land transfer tax. The main costs are real estate commission plus HST, legal fees, any mortgage prepayment penalty, the status certificate (up to $100 including tax) and moving. If the condo was not your principal residence for every year you owned it, tax on the capital gain may apply. Ask for a written net-proceeds estimate before listing a Queensway condo in 2027.
Will new condos on the Queensway hurt my resale price in 2027?
They add competition, mostly for small suites. BLVD Q at 935 The Queensway, with 210 suites, has an occupancy target of 2027, and Iridesa at 1156 The Queensway is a 220-unit rental building under construction, per UrbanToronto. New suites and rentals give buyers and tenants more choice. A resale unit with parking, a larger layout and a clean status certificate stands out best against new supply.
Sources
- TRREB Market Watch, October 2026
- TRREB Market Watch, April 2026
- TRREB Rental Market Report, Q2 2026
- Bank of Canada raises policy rate to 2.50% (28 October 2026)
- Bank of Canada 2027 schedule for interest rate announcements
- Condominium Authority of Ontario: Status certificates
- UrbanToronto: Crane raised at BLVD Q (April 2025)
- UrbanToronto project database: Iridesa, 1156 The Queensway
Related reading
- The Queensway Housing Market in 2027: Condo and House Prices
- Should You Buy a Condo on the Queensway in 2027?
- Renting on the Queensway in 2027: Condo Rents and Where to Look
- Queensway Condos Finishing in 2027: What’s Closing and What It Means
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.