It’s no secret by now that the housing market has cooled off big time in recent months, and the same is true for Toronto condos.
According to data shared with Curiocity by Strata.ca, condo sales in the GTA were down 52% in December compared to one year ago.
Right now, buyers are paying an average of 3% under the asking price for a condo.
By comparison, buyers were paying nearly 15% above asking back in February 2022. The number of terminated listings has nearly doubled since last year.
All of this means that there are condos on the market right now for prices we may not have seen this time last year.
Here are five of the cheapest Toronto condos on the market today, according to Strata.
28 Cosburn Avenue, Unit 103: $399,000
This 1 bedroom condo in East York is conveniently located and comes with modern finishes, updated appliances, and a parking spot.
80 St. Patrick Street, Unit 619: $420,00
This bright east-facing bachelor pad is centrally located in a well-maintained
building near the AGO, Chinatown, and Kensington Market. The unit comes with all utilities and cable included, as well as low maintenance fees.
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68 Abell Street, Unit 231: $488,800
First-time homebuyers, this one’s for you! This move-in-ready one-bedroom unit is located in a modern building in the King Street West-Liberty Village area.
Residents have access to the gym, 24-hour concierge, meeting room, party room, and plenty of visitor parking spots.
27 Rean Drive, Unit 221: $499,999
This spacious unit near the Bayview Village shops comes with one parking spot, hardwood flooring throughout, stainless steel appliances, and a large walkout balcony. It’s also conveniently located near the TTC, YMCA, schools, hospitals, and more.
180 Fairview Mall Drive, Unit 1005: $499,000
This one-plus-den unit has modern finishes and an updated kitchen, floor-to-ceiling windows, and a balcony for ample natural light. The functional floor plan also allows you to maximize every square foot of space. The building is located near major highways, TTC, and shopping at CF Fairview.
Lilly Paltsev
Regional Editor, Toronto – Lilly is an editor with over five years of experience in local news and digital publishing. Having lived in Toronto her whole life, she’s always aware of what’s new in the city. She’s everyone’s go-to resource for the best things to do. Her mission is to make Curiocity’s readers feel excited about where they live and to infuse the world with positive vibrations.
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