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.
This 1 bedroom condo in East York is conveniently located and comes with modern finishes, updated appliances, and a parking spot.
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.
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.
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.
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.