Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
From January to October 2026, Burlington’s median condo apartment price fell just 4.9%, the smallest drop in the GTA, followed by Oakville (-6.0%), Whitby (-6.2%), Richmond Hill (-8.8%) and Mississauga (-9.3%), according to TRREB MLS data via REALM. Inside Toronto, condo medians rose in districts E02 and W09.
This guide is for condo owners, buyers and investors who want to know where GTA condo prices held their value best in 2026, and what that means for a sale or purchase in 2027. You get the five cities where condo apartment prices fell least, the Toronto districts that bucked the trend, and how to use the numbers.
Are condo prices still falling in the GTA?
Yes, and faster than house prices. Comparing January to October 2026 with the same months of 2025, the median condo apartment price fell in every GTA municipality with a meaningful number of sales, according to TRREB MLS data via REALM. Most fell between 9% and 15%.
TRREB’s October 2026 report shows the same trend. The average GTA condo apartment price was $621,400, down 5.8% from a year earlier, and condo apartment sales were down 10.4%. In the City of Toronto the average was $659,214, down 5.6%, and in the surrounding regions it was $539,094, down 6.1%. The Bank of Canada then raised its policy rate to 2.50% on 28 October 2026, which does not help buyers who are stretching to qualify.
Some places still held up far better than others. That is what this list is about.
How did I rank where condo prices held up best?
I compared the median condo apartment sale price for January to October 2026 with the same ten months of 2025. A median is the middle sale: half sold for more and half for less.
- GTA only. I used the towns and cities of Peel, York, Durham and Halton. Toronto is reported by district, so I cover it separately below.
- At least 40 condo apartment sales in each year. This is the same test I used for where condo prices fell most. Fifteen municipalities passed. Small markets can show wild swings: Caledon’s median rose 33.1%, but on just four sales, so I left it out.
- Apartment-style condos only. Condo townhouses are a different market, and I mention them only where they tell a different story.
| Condo apartment, Jan–Oct | 2024 median | 2025 median | 2026 median | Change vs 2025 | Change vs 2024 | 2026 sales | Avg days on market 2026 |
|---|---|---|---|---|---|---|---|
| Burlington | $596,000 | $557,500 | $529,950 | -4.9% | -11.1% | 364 | 52 |
| Oakville | $620,000 | $562,000 | $528,000 | -6.0% | -14.8% | 335 | 45 |
| Whitby | $611,000 | $571,450 | $536,000 | -6.2% | -12.3% | 90 | 34 |
| Richmond Hill | $637,500 | $580,000 | $529,250 | -8.8% | -17.0% | 344 | 42 |
| Mississauga | $583,000 | $535,000 | $485,000 | -9.3% | -16.8% | 1,213 | 42 |
| Brampton (for contrast) | $540,000 | $475,000 | $415,000 | -12.6% | -23.1% | 241 | 53 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. Medians cover each whole municipality.
1. Burlington: down 4.9%
Burlington had the smallest condo drop in the GTA. Its median condo apartment sold for $529,950, down 4.9% from $557,500. Over two years the fall is about 11.1%, from $596,000 in 2024, one of the smallest two-year drops of the fifteen. Sales fell 8.3%, to 364.
The weak spot is time. Suites took about 52 days on average to sell, up from 47, one of the slowest paces in the GTA. Prices held, but buyers took their time.
What it means: sellers who price right still get close to last year’s level, but should plan for a listing period of two months or more. My guide to the top condos to buy in Burlington looks at individual buildings.
2. Oakville: down 6.0%
Oakville’s median condo apartment was $528,000, down 6.0% from $562,000, and about 14.8% below the 2024 median of $620,000. Sales fell 13.9%, to 335, and suites took about 45 days to sell, up from 39.
Oakville’s average condo apartment price was $668,362, well above the median. That gap tells you a group of high-end sales sits at the top of the market, so the typical suite sells for much less than the average suggests. Oakville’s condo townhouses held up even better than its apartments, down 4.3% to a median of $712,500.
What it means: a steady median with falling sales points to sellers holding firm and fewer deals getting done. Buyers who are patient may find room to negotiate on suites that have sat for a while.
3. Whitby: down 6.2%
Whitby’s median condo apartment was $536,000, down 6.2% from $571,450, and about 12.3% below 2024. Whitby stands out for one reason: sales rose sharply, by 36.4%, to 90 from 66. Suites also sold faster than in most of the GTA, in about 34 days on average, down from 37.
Whitby’s condo market is small, so read the numbers with care. Ninety sales is enough to pass my test, but a few sales can still move the median.
What it means: rising sales and quicker selling times are the healthiest signs of any city on this list. My guide to the top condos to buy in Oshawa and Whitby covers the main buildings.
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.
4. Richmond Hill: down 8.8%
Richmond Hill’s median condo apartment was $529,250, down 8.8% from $580,000. Over two years the drop is about 17.0%, from $637,500 in 2024, so this market has given up more ground than the three above. Sales fell 7.8%, to 344, and suites took about 42 days to sell, up from 36.
What it means: Richmond Hill made the list because every other York Region city with enough condo sales fell further in 2026. Markham’s median fell 13.2% and Vaughan’s 10.9%. In relative terms, Richmond Hill held up, but sellers should still expect less than in 2024. Its condo townhouses were a different story: their median fell 15.6%, to $690,000, so do not assume every condo type in a city moves together.
5. Mississauga: down 9.3%
Mississauga is the biggest condo market outside Toronto, with 1,213 condo apartment sales from January to October 2026, down 4.9%. The median was $485,000, down 9.3% from $535,000, and about 16.8% below 2024. Suites took about 42 days to sell, up from 37.
What it means: with this many sales, Mississauga’s number is the most reliable on the list. The drop is real, but it was smaller than in Vaughan, Milton, Brampton, Markham and most of Durham. See my guide to the top condos to buy in Mississauga for the buildings I watch.
Which Toronto districts held up best for condos?
Two Toronto districts had condo apartment medians that rose in 2026, and several others fell less than most of the 905 region. Using the same 40-sales test:
| District (main communities) | 2025 median | 2026 median | Change | 2026 sales |
|---|---|---|---|---|
| E02 (The Beaches, East End-Danforth, Woodbine Corridor) | $680,000 | $712,500 | +4.8% | 60 |
| W09 (Humber Heights, Kingsview Village-The Westway, Willowridge-Martingrove-Richview) | $510,000 | $525,000 | +2.9% | 65 |
| W06 (Mimico, New Toronto, Long Branch, Alderwood) | $624,500 | $607,500 | -2.7% | 422 |
| C10 (Mount Pleasant East and West) | $635,000 | $610,000 | -3.9% | 357 |
| E01 (North and South Riverdale, Greenwood-Coxwell, Blake-Jones) | $699,500 | $670,000 | -4.2% | 114 |
| C01 (downtown west, for contrast) | $642,650 | $600,000 | -6.6% | 2,138 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025. District-wide medians, not building values. Community names from TRREB’s Q2 2026 community reports.
W06, which includes the Humber Bay Shores condo towers, stands out because it combines a small drop with a large number of sales. For a deeper district-by-district look, see are condo prices going down in Toronto.
Why are condo prices falling faster than house prices?
The gap shows up almost everywhere. In Mississauga, the detached median fell 5.8% while condo apartments fell 9.3%. In Markham it was 6.5% against 13.2%, and in Burlington, flat against 4.9%.
The data does not say why, so this is my view. Many condo buyers are investors, and higher borrowing costs hurt investors first, because rent often does not cover the carrying cost. A buyer who plans to live in a detached house is more likely to wait out a soft patch than sell into it.
Looking ahead, CREA’s October 2026 forecast had national prices rising about 1.2% in 2027, but that came before the Bank of Canada’s rate increase, and the Bank expects housing to remain relatively weak.
A city-wide condo median can hide big gaps between buildings. Two suites of the same size can sell for very different prices because of the building’s age, its reserve fund, its maintenance fees and the view. Before you buy or list, compare recent sales in the same building or in very similar ones, and ask for the status certificate early.
If you own a condo in one of these five cities, you are in a better position than most GTA condo sellers, but the market is still slow. Price against the last few sales in your building, not against what a neighbour got in 2024, and expect to wait. If you are buying to live in, these are steadier markets where you are less likely to see a sharp drop after you buy. If you are buying as an investor, run the numbers at today’s rents and rates and make sure the property can carry itself.
What to do next
- Find your city or district in the tables above, and look at both the one-year and two-year change.
- Pull the last six months of sales in your building or in very similar ones.
- Get a value estimate for your suite before you set a price or make an offer.
- If you are selling, plan for a listing period of six to eight weeks or more.
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
Where are condo prices holding up in the GTA?
Burlington held up best. Its median condo apartment price was $529,950 from January to October 2026, down 4.9% from 2025, according to TRREB MLS data via REALM. Oakville fell 6.0%, Whitby 6.2%, Richmond Hill 8.8% and Mississauga 9.3%. Inside Toronto, condo medians rose in districts E02 (up 4.8%) and W09 (up 2.9%).
What are GTA condo prices by city in 2026?
Median condo apartment prices from January to October 2026 included $558,000 in Markham, $536,000 in Whitby, $530,000 in Vaughan, $529,950 in Burlington, $529,250 in Richmond Hill, $528,000 in Oakville, $485,000 in Mississauga, $415,000 in Brampton and $340,500 in Oshawa, according to TRREB MLS data via REALM. These are city-wide medians, not values for any one building.
Are condo prices going up anywhere in the GTA?
Only in a few Toronto districts. Comparing January to October 2026 with 2025, the median condo apartment price rose 4.8% in E02 (The Beaches and East End-Danforth) and 2.9% in W09 (Humber Heights and Kingsview Village). No GTA municipality outside Toronto with at least 40 condo sales a year saw its median rise, according to TRREB MLS data via REALM.
How much have GTA condo prices dropped since 2024?
Condo apartment medians are down about 11% to 23% from 2024 in most GTA cities. Comparing January to October 2026 with the same months of 2024, Burlington fell about 11.1%, Mississauga 16.8%, Markham 20.3% and Brampton 23.1%, according to TRREB MLS data via REALM. Burlington had one of the smallest two-year drops of the 15 cities with enough sales.
What is the median condo price in Mississauga in 2026?
The median condo apartment price in Mississauga was $485,000 from January to October 2026, according to TRREB MLS data via REALM. That was down 9.3% from $535,000 a year earlier and about 16.8% below 2024. Mississauga had 1,213 condo apartment sales, the most of any GTA city outside Toronto, and suites took about 42 days to sell.
Why are GTA condo prices falling more than house prices?
Condo apartment medians fell more than detached medians in almost every GTA city in 2026, for example 9.3% against 5.8% in Mississauga. In my view, many condo buyers are investors, and higher borrowing costs hurt them first, while people living in detached homes tend to wait out a soft patch. The Bank of Canada raised its rate to 2.50% on 28 October 2026.
Are Burlington condo prices dropping?
Yes, but less than anywhere else in the GTA. Burlington’s median condo apartment price was $529,950 from January to October 2026, down 4.9% from $557,500 in 2025, according to TRREB MLS data via REALM. Suites took about 52 days on average to sell, up from 47, so prices held but the market was slow.
How long does it take to sell a condo in the GTA in 2026?
Usually about five to eight weeks. From January to October 2026, condo apartments took an average of about 34 days to sell in Whitby, 42 days in Mississauga and Richmond Hill, 45 in Oakville, 52 in Burlington and 53 in Brampton, according to TRREB MLS data via REALM. Downtown Toronto district C01 averaged about 37 days.
Is 2027 a good time to buy a condo in the GTA?
It can be, for the right buyer. Condo prices fell in almost every GTA city in 2026, so buyers have more choice and more room to negotiate than in 2024. But the Bank of Canada raised rates in October 2026 and said more increases could be needed. In my view, buy only a suite you can carry comfortably for several years.
Sources
- TRREB Market Watch, October 2026
- TRREB news release: October 2026 market results (4 November 2026)
- Bank of Canada: policy rate announcement, 28 October 2026
- Advisor.ca: CREA downgrades home sales forecast (16 October 2026)
- TRREB Community Housing Market Report, Toronto East, Q2 2026
- TRREB Community Housing Market Report, Toronto West, Q2 2026
- TRREB Community Housing Market Report, Toronto Central, Q2 2026
Related reading
- Top 5 Best Neighbourhoods to Live in Mississauga in 2027
- Top 5 Best Neighbourhoods to Live in Brampton in 2027
- Top 5 Best Neighbourhoods to Live in Markham in 2027
- Top 5 Best Neighbourhoods to Live in Oakville in 2027
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.