Toronto Condo Market Stats
By Tom Storey, Sales Representative and Team Leader, The Storey Team at Royal LePage Signature Realty. Updated November 2026 with October 2026 TRREB data.
In October 2026, 949 condo apartments sold in the City of Toronto at an average price of $659,214, down 5.6% from a year earlier. In downtown Toronto (districts C01 and C08), 331 condos sold at an average of about $677,577. Condos took 36 days to sell on average and went for 97% of asking. With about 5.5 months of inventory, the condo market is balanced and leaning toward buyers.
Toronto condo market snapshot: October 2026
| Condo apartments | City of Toronto | Downtown (C01 and C08) | C01 | C08 |
|---|---|---|---|---|
| Condos sold | 949 | 331 | 217 | 114 |
| Average price | $659,214 | $677,577 | $704,609 | $626,121 |
| Median price | $545,000 | not combined | $605,000 | $545,000 |
| New listings | 2,694 | 989 | 573 | 416 |
| Active listings | 5,251 | 1,928 | 1,105 | 823 |
| Sale to list price | 97% | 96 to 97% | 96% | 97% |
| Average days on market | 36 | 34 | 34 | 34 |
| Months of inventory* | 5.5 | 5.8 | 5.1 | 7.2 |
Source: TRREB Market Watch, October 2026, condo apartments. Downtown combines districts C01 and C08 (the downtown average is total dollar volume divided by total sales). *Months of inventory here is active listings divided by sales for the month. Last updated November 2026.
Year over year
- City of Toronto condo apartment sales were down 10.7% from October 2025.
- The average City of Toronto condo apartment price was down 5.6% from October 2025.
- Across the whole TRREB area, 1,385 condo apartments sold at an average of $621,400, with sales down 10.4% and the average price down 5.8%.
What this means for condo sellers
Buyers have plenty of choice, so price against recent sales in your building, not other asking prices. Homes priced at market are selling in about five weeks, while overpriced units sit. Strong photos, a clean status certificate and flexible closing dates make a real difference. See will my condo sell and why isn’t my downtown Toronto condo selling.
What this means for condo buyers
Buyers have time to compare and room to negotiate, especially on units that have been listed for several weeks. Use conditions for financing and the status certificate, and compare fees per square foot between buildings. See our first-time buyer guide.
How to read these numbers
- Months of inventory: how long current listings would take to sell at this month’s pace. Under 3 favours sellers, 3 to 6 is balanced, over 6 favours buyers.
- Sale to list price: the average sale price as a share of the final asking price.
- Average price vs median: the average is pulled up by large and luxury units, so the median is often closer to a typical condo.
Frequently asked questions
What is the average condo price in Toronto right now?
In October 2026 the average condo apartment price in the City of Toronto was $659,214 and the median was $545,000, across 949 sales, according to TRREB.
Are Toronto condo prices going down?
Yes. In October 2026 the average condo apartment price in the City of Toronto was down 5.6% from October 2025, and sales were down 10.7%, according to TRREB.
Is it a buyer’s or seller’s market for Toronto condos?
Balanced, leaning toward buyers. With 5,251 active condo listings and 949 sales in October 2026, the City of Toronto had about 5.5 months of inventory. Under 3 months favours sellers, 3 to 6 is balanced, and over 6 favours buyers.
How long do Toronto condos take to sell?
Condo apartments in the City of Toronto sold in an average of 36 days in October 2026, for about 97% of the asking price, according to TRREB.
What are downtown Toronto condo prices?
In downtown Toronto (TRREB districts C01 and C08), 331 condo apartments sold in October 2026 at an average price of about $677,577. C01 averaged $704,609 and C08 averaged $626,121.
About The Storey Team
Tom Storey leads The Storey Team at Royal LePage Signature Realty, ranked #1 for downtown Toronto condo sales in 2024 and 2025 (based on the number of condos sold on TRREB MLS® in downtown Toronto, districts C01 and C08, January 1 to December 31; how we measure). For a building specific read on your condo, call or text 416-670-2432. More on our downtown condo specialist page and in our Toronto market updates.