Are you looking for condos in Toronto? This page will show you condos for sale in Toronto and provide some insight into what living in Toronto is like. We will show you the best neighbourhoods for condos in Toronto, the favorite local hot spots, job opportunities in Toronto, and much more.
Condos For Sale In Toronto
More About Condos In Toronto
Toronto is the most populous city in Canada featuring a population of 2.7 million. It is also one of the most multicultural cities in the world, with over 50% of Toronto residents being born outside of Canada. With so many people coming to Toronto from different cultures and backgrounds, it’s no surprise that there are a variety of real estate for sale in Toronto. One of the most popular property types found in Toronto are condos. Whether you are looking near downtown Toronto or on the outskirts of town, you’ll find many condos for sale in Toronto.
Toronto Condos for Sale
Condominium communities in Toronto are a great way for you to live and interact with your neighbours while still having access to all the amenities of a larger home. Condos also provide an easy commute to work, as well as many bars, restaurants and public transportation options nearby.
The first thing we want to mention is that there are many condos for sale in Toronto, with 2,868 condos sold in 2021. If you are looking for a property in the city, it’s likely you will find what you’re looking for within Toronto’s condo market. The prices of Toronto condos vary greatly, depending on the neighbourhood and the size and age of the building, so you’ll have plenty of options to fit your style and budget. For reference, the average price point for condos in Toronto is $715,000.
What’s Fueling the Increase of Condos in Toronto?
Year-over-year, there has been an 18% increase in condo sales in Toronto. What is the reason for this influx of condos? Are Torontians preferring condos to single-family homes? Here are some factors that impact the demand for condos in Toronto:
- Condos are a great alternative for young professionals when venturing into home-buying. The price of single-family homes in Toronto continues to increase, so many people are looking for less expensive options and shorter-term investments.
- Condos provide more room for Toronto’s ever-growing population. With a consistent population growth of 0.94% year-over-year, condos allow for more residents in more condensed spaces than single-family homes offer.
- Condos are the most cost-effective choice when choosing to live in the city centre of Toronto. For those who want to take advantage of all that Downtown Toronto offers, condos put them in the best place to have access to public transit, world-class attractions, cafes, retail, and more.
Best Neighborhoods for Condos in Toronto
There are a wide array of condos found throughout Toronto, but some neighbourhoods are better for condo living than others. These are some of the best neighbourhoods in Toronto to look for condos for sale:
Downtown Toronto
The downtown core is very popular among young professionals, due to its close proximity to universities, work locations, and all the amenities that come along with living downtown. The condos here tend to be on the pricier side, but you will get a plethora of amenities and convenience for your money. If you are an urbanite that loves the hustle and bustle of the city, condos in Downtown Toronto could be the perfect fit.
Danforth Village
This neighbourhood is located in the east end of Toronto and is known for its trendy restaurants, boutiques, and bars. It’s also home to several large parks, making it a great place for families or those who love to stay active. Condos here tend to be more affordable than in other areas of the city, but it is about 20 minutes from downtown. Looking for a quieter neighbourhood? Danforth Village would be a great one for you.
Centennial Scarborough
Another neighbourhood on the outskirts of the city, Centennial Scarborough is located in the east end of Toronto. This neighbourhood is widely known for its affordable condos and townhouses. It is also close to major shopping centres, has easy access to public transit, and offers a number of parkettes and green spaces, making it a convenient place to live.
Malvern
Looking to move with the family? Malvern is located in the east end of Toronto and offers large green spaces and affordable condos. It’s a great place for residents of all ages, as there are several schools, parks, and eateries in the area.
Toronto’s Character
One of the best things about living in a condo is that you get to experience Toronto’s unique character every day. Toronto is known for being one of the most multicultural cities in North America, which can be seen by its residents’ diverse cultural backgrounds and customs. According to Statistics Canada, “in 2016, more than half (51%) of GTA’s population was foreign born”.
This diversity means that there are many different types of restaurants, shops, and cultural events to enjoy in Toronto. You can find anything from Ethiopian food to Korean barbecue in this city, making it a great place for foodies.
In addition to experiencing Toronto’s diversity through food, you can see it through the many festivals offered throughout the year. Here are some of the best ones:
- Toronto International Film Festival
- Toronto Caribbean Carnival
- Taste of the Danforth
- Mississauga Latin Festival
- Luminato
- Mosaic South Asian Festival
Job Opportunities in Toronto
As Canada’s financial and economic hub, Toronto has plenty of opportunities when it comes to your career ambitions. While Toronto’s largest sector is in big business and finance, it also offers job options in environmental innovation, technology, film-making, life sciences, hospitality, education, and fashion. Whether you are wanting to continue advancing your career in a familiar industry or you’re wanting to start your own business in the city, Toronto is an opportune place to achieve those goals.
Weather in Toronto
When you live in Toronto, you are lucky enough to experience four distinct seasons each year. With harsh winters and mild summers, Toronto is great for those who don’t mind a bit of a chill in the air. Winter lasts from December to March, Spring goes from March to June, Summers are from June to August, and Fall goes from September through to November. The coldest month of the year is January and the hottest month is typically July.
Toronto Public Transportation
The TTC is Toronto’s public transportation system and operates buses, streetcars, and subways all over the city. There are also Go Transit stations that operate in different parts of Greater Toronto Area (GTA). If you live in a condo, chances are likely you are within walking distance of at least two methods of public transit. The closer you are to Downtown, the better. You can even take public transportation to the Toronto Pearson Airport, which is around 20 minutes from downtown. Toronto also offers car sharing services such as Zip car, Car2Go, Uber, Lyft, and Enterprise CarShare.
If you own a vehicle, be mindful of the traffic that surrounds the city, particularly closer to downtown. The 401 runs throughout the GTA and will provide you with easy access to anywhere you need to go, but when you get on the smaller roads, prepare for some delays. However, Toronto provides ample parking at most of its establishments, so once you get there you shouldn’t have an issue.
Distance to Nearby Cities From Toronto
- 11 km to Etobicoke, Canada.
- 18 km to Scarborough, Canada.
- 23 km to Vaughan, Canada.
- 23 km to Markham, Canada.
Toronto FAQ
What Zip Codes are in Toronto?
Toronto, Ontario has over 400 postal codes. Here are some of the most populated zip codes in the Greater Toronto Area:
- M1V: Agincourt North
- M2K: Bayview Village
- M1N: Birch Cliff
- M4X: Cabbagetown
- M5G: Central Bay Street
- M3B: Don Mills
- M5P: Forest Hill North and West
Are there dog parks in Toronto?
Yes! In addition to boasting several large parks where you can take your dog for a long walk, Toronto also has a number of off-leash dog areas. Here are just a few to choose from:
- Sunnybrook Park
- Woburn Park
- Yonge and York Mills
- Balmy Beach Park
- Don Russell Memorial Park
- King’s Mill Park
- Colonel Danforth Park
Things to Do in Toronto
Whether you want to revisit Toronto’s hottest tourist spots or discover the charming small businesses throughout Toronto’s diverse neighbourhoods, you’ll never have a lack of things to do here. Not sure where to begin? Here’s a list of some to-do’s to get you started!
- Be a tourist in your own city – Let’s face it, tourist traps are considered tourist traps for a reason. Toronto has some amazing tourist spots that are worth checking out at least once. Spend a day hopping from the CN Tower to Casa Loma to the Royal Ontario Museum to the Toronto Science Centre. Not only is this a great way to experience Toronto, but it’s a fun way to meet people visiting from all over the world.
- Check out some of Toronto’s vast greenspaces – Toronto is chock-full of parks and green spaces no matter which neighbourhood you live in. Find one near you and go take a walk, practice rollerblading, or set up a picnic. There’s no place like Toronto for spending time in the great outdoors.
- Go see a show in the Entertainment District – Settled around King Street West, Toronto’s Entertainment District is where you’ll find the best spots for a night out. Home to countless theatres, venues, arts centres, and nightclubs, there will always be somewhere new for you to try.
- Spend a day on Toronto Island – Located along Lake Ontario, Toronto Island (or the Island) is the perfect escape from the skyscrapers of the city. Only a 13-minute ferry ride from downtown, the Island offers canoeing, kayaking, swimming beaches, nature paths, and grassy areas. If you’re looking for an active day outdoors, Toronto Island should be at the top of your list.
- Take a brewery tour of Toronto – Toronto’s beer scene is thriving, and beer aficionados from all over the world come to check out Toronto’s local breweries. From experimental brewing processes to classic brews with excellent views, Toronto’s breweries will amaze you. Avling, Junction Craft Brewing, and Black Lab Brewing are just a few popular favourites to start with.
- Search for vintage vinyl records, books, and more – As historic as Toronto is, you are sure to find some incredible antique and thrift shops here. With a music scene as booming as Toronto’s, there are plenty of second-hand record shops to browse through on your days off. Hits & Misses, Sonic Boom, and Rotate This are a few great spots for crate digging.
- Experience Toronto’s diversity through good food – In a city as multicultural as Toronto, there is a cafe or restaurant to satisfy any craving. Discover new cuisines as you eat your way through Toronto. Grab some pasta in Little Italy, find cheap sushi spots in the Annex, indulge in Indian lunch buffets on Queen and University Streets, and try authentic Greek cuisine on the Danforth.
- Do some window shopping in Bloor-Yorkville’s Shopping District – Live the lux life for a while and shop like it’s New York Fashion Week! Bloor-Yorkville has some of the best shopping in all of Toronto, with upscale fashion brands and modern boutiques to fit every style.
Discover the hidden oasis of Allan Gardens – Nestled in the heart of downtown Toronto, Allan Gardens Conservatory will make you forget that you’re in a metropolitan city. As soon as you walk in, this lush oasis of plants and foliage will serve as the background for a relaxing stroll. Located indoors, the Allan Gardens are great for any day – rain or shine. - Spend a day in the sun in The Beaches – Since Toronto is such a big city, many forget that Lake Ontario provides areas for beaches right along the city’s edge. Woodbine Beach, Bluffer’s Beach, Kew-Balmy Beach, and (of course) Toronto Island are just a few of the many beaches you can escape to for the day. Lay out along the water’s edge or partake in some water sports for an exciting day in the sun!
