New Condos Toronto

Search our list of new condos that are launching soon or are currently for sale in Toronto. You can also filter and browse through this list by developer, neighbourhood, estimated occupancy date, or deposit required before occupancy.

Investing in New Condos in Toronto

Home to over 2.8 Million people of every culture from all over the globe, Toronto is one of the most diverse and exciting cities in the world. Located in Southern Ontario just North of Lake Ontario, Toronto is one of the most iconic and picturesque cities in the world.

In the past 10 years, new condos in Toronto have drastically changed the city’s skyline. The revitalization of the Downtown Core is now home to approximately 400 new condo projects alone. This has once again made Downtown and the Waterfront a highly demanded place to call home.

Currently, there are roughly 2000 new condos in Toronto that draw the attention of all types of homeowners. The Toronto real estate market is one of, if not, THE hottest in the country with an average of 4000 new condos for sale at any given time and roughly 2000+ condos being sold monthly. Over the past 5 years, the average price per square foot for a new condo in Toronto has grown from $434/Sq.ft to $760/Sq.ft (that’s up 75%!). At times, the Toronto condo resale market has even outperformed the Toronto Stock Exchange, making new condos in Toronto an investment worth getting involved in.

Investing by the Numbers

• New Condos in Toronto = 4.95% increase in value year over year.

• Avg. price per square foot in Toronto = $760/Sq.ft 

• Average rent in Toronto = $2505/month

• 75% increase in avg. price per square foot in Toronto since 2014.

• New Condos Downtown Toronto = $961/Sq.ft

• Average rent Downtown Toronto = $2641/month

• Roughly $1.95 billion in sales of Toronto condos in Q1 of 2019.

Toronto is one of the largest new condo markets in the country with nearly 4000 condos for sale at any given time. Toronto, from a broad perspective, covers a large area with a variety of unique and luxurious neighbourhoods such as Midtown, Liberty Village, King West, and more.

On the low end of the spectrum, new condos in Toronto average prices of $446/Sq.ft in neighbourhoods like Scarborough. However, most neighbourhoods are in excess of $800/Sq.ft, hence the high overall city average.

Location

Buying a new condo in Toronto is a popular investment due to the desire to be at the heart of the city and everything that comes along with it. New condo developments outside of the city make a conscious effort to make it easy to travel into the city. However, for buyers who would rather skip the commute and buy or rent minutes away from their work, world-class entertainment, and any restaurant you can think of, Toronto is the place to be.

Toronto is the perfect location for those looking for a strong work-life balance. Depending on the neighbourhood of choice, buyers’ daily commute can range anywhere from a 5-minute walk to a 30-minute subway ride. Either way, when the workday ends new condo buyers of Toronto aren’t far from home.

Transportation

Transportation in and out of Toronto is crucial to the city’s overall function. Union Station acts as the hub for all commuters traveling in and out of the city. Here you can catch the GO Train/Bus, VIA Rail, UP Express to Pearson Airport, and the TTC Subway.

GO Train

GO Transit is the regional public transit service for the Greater Toronto and Hamilton Area. Serving more than seven million people across 11,000+ square KM riders can travel to Hamilton and Kitchener-Waterloo in the west, Newcastle and Peterborough in the east, Orangeville and Beaverton in the north, and Niagara Falls in the south.

VIA Rail

Canada’s famous VIA Rail also stops at Union Station. Whether you want to travel to Montreal for the weekend, or plan a vacation to Vancouver VIA Rail has you covered. Travel safely coast-to-coast by rail and your new home in Toronto will be right here waiting for you.

TTC

TTC is the public transit service that services the entire city of Toronto. With a strong network of four subway lines (soon to be five), buses, streetcars, and LRT’s riders can access virtually anywhere in the city. New condos built near subway lines and bus stops attract Toronto home buyers who want to explore their city.

Lifestyle

On the other hand, if you are looking to purchase a new condo in Toronto you should also know that you are steps away from fun and entertainment any night of the week. Enjoy the best food and drinks at the Distillery District on the east side of Downtown, plan a day of fun on the Toronto Islands, or catch a game or concert of your choice at one of Toronto’s world-class venues.

Restaurants

When buying a new condo in Toronto you are given the luxury of either cooking at home or having any cuisine of the world cooked for you. Toronto has every restaurant you can think of whether it be a large food-chain or a mom and pop bakery.

Recreation

New condos in Toronto come loaded with their own private amenities that add to the comfort of home. However, despite the Downtown core being a concrete jungle, there are countless options for golf courses, parks, beaches, sports, and indoor activities.

Entertainment

Buying a new condo in Toronto you’re moments away from the best entertainment in the world. Catch a Jays, Leafs, Raptors, TFC, or Argos game any night of the week or take a trip to the Scotiabank Arena or Budweiser Stage to indulge in the world’s biggest names and talents.

READ OUR INSIGHTS

• The Ultimate Guide to Renting Out Your Condo During the Occupancy Period
• 4 Things I Love about BuzzBuzzHome
• 5 Things You Should Know About Realtor.ca
• What Every Condo Investor Should Know About Delayed Occupancy
• Selling your home to downsize? Not so fast–read this first

LISTEN TO OUR PODCAST

• Heights of Harmony: Minto’s Brand New Community in North Oshawa
• Why Union Village Phase 2 is the hottest low rise community in York Region
• Finally! North Oak is Minto’s First New High Rise Condo in the GTA since 2019
• 5 Lessons From the Craziest Year Ever in Toronto Real Estate
• 4 Reasons Why the Condo Market Will Rebound in 2021

WATCH OUR VIDEOS

• Priced Out of Toronto? Do This.
• The Toronto condo market finally hit this crazy milestone
• Is the real estate market about to spring back to life in the GTA?
• One question investors have to ask themselves in 2018
• Can you “renovict” your tenants?