Toronto condos >70% of new housing; avg. price near $700K; competition high.
Layout beats size: 550 sq-ft can feel bigger than 650 sq-ft.
Maintenance fees rise; some Toronto buildings saw >10% increases over a few yr.
Low reserve funds raise special-assessment risk; management quality shapes daily living.
Visit multiple times; check noise, micro-location, and future development before buying.
August 12, 2026
GTA Bidding Competition Nears Multi-Year Low | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Late-Q2, just 6% of GTA neighbourhoods with at least five resale deals were overbid, while 93% were underbid and 1% sold at asking. New GTA listings also weakened in Late-Q2, led by condo softness,...
