Toronto Real Estate: Condos and Houses for Sale in Canada's Largest City

Downtown, the Entertainment District and the waterfront are condo-heavy. Yorkville and Rosedale are upscale, the Annex and Leslieville are popular urban neighbourhoods, and North York, Scarborough and Etobicoke offer more space. The TTC subway, GO Transit and the UP Express rail link to Pearson Airport give good access, though congestion is serious. Winters are cold and snowy, summers humid.

The Greater Toronto Area also includes Mississauga, Brampton and Vaughan, where prices differ. For other Canadian markets, compare Calgary, Edmonton, Vancouver, Ottawa and Hamilton.

Buyers are mostly local households, immigrants who have become permanent residents, and investors.

A federal law restricts non-Canadians from buying residential property in many urban areas, including the Toronto region, and the ban has been extended to the start of 2027 at the time of writing, with exemptions for some work-permit holders, students, refugees and permanent residents. Ontario separately charges a Non-Resident Speculation Tax of 25% on certain purchases, with rebates in limited cases. Verify the current rules with a Canadian lawyer before you spend money.

• Land transfer tax. Ontario and Toronto both charge, so the combined bill on a mid-priced home is significant.
• Closing costs. Legal fees, title insurance and adjustments add more.
• Condo documents. Review the status certificate and reserve fund study.

See the Canada consultation guide, the financing guide and the Canada overview.

Owners pay municipal property tax each year, which is a percentage of assessed value, while condo owners pay monthly maintenance fees that can be significant in older towers. Toronto's market has seasonal rhythms, with spring the most active period and winter quieter, which affects negotiating power. Pre-construction condos are common but carry closing-date risk and the possibility of higher costs on closing, so read the agreement of purchase and sale with a lawyer. Interest rates and stress-test rules also shape what lenders will approve, and non-residents often need very large deposits.

Check maintenance fees, special assessments, rent restrictions and the age of the building. Use the mortgage calculator to model payments at current rates.