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, 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

Photo via

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

Photo via

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.

Recent Posts
Here’s how Toronto traffic delays compare to cities around the world
These are the best places to work in Canada in 2023

68 Abell Street, Unit 231: $488,800

Photo via

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

Photo via

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

Photo via

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.