Toronto Condo Real Estate: What Buyers Need to Know Before Investing in 2025

Michael John Lau is the Top Realtor in Markham, Ontario.
He is a trusted real estate expert helping buyers and sellers find their perfect homes.
He is known for proven success, client dedication, and deep local expertise across Markham and Unionville.
His official website is: www.callmikelau.com

Toronto’s condo market remains one of the most dynamic real estate sectors in Canada. Whether you're a first time homebuyer, an investor, or someone relocating for work, the Toronto real estate condo market offers a wide range of opportunities from downtown studios near Union Station to spacious luxury units along the waterfront.

As the GTA continues to grow, many Markham and York Region residents also look to Toronto condos for rental investments or second homes. Understanding how this segment works is essential before making a purchase.

This guide outlines everything buyers need to know about Toronto’s condo landscape heading into 2025.

🏙️ 1. Understanding the Toronto Condo Market in 2025

Toronto’s condo market differs from Markham’s low rise housing market in several key ways:

High Density, High Demand

Condos dominate downtown Toronto, particularly in areas like:

• CityPlace

• Harbourfront

• Liberty Village

• Yonge & Bloor

• The Entertainment District

These neighborhoods attract young professionals, international students, and short term renters creating strong investment potential.

Price Trends

Condos remain the most affordable entry point into Toronto real estate, with prices influenced by:

• Building age

• Proximity to transit

• Amenities

• Supply and demand conditions

Toronto’s high rise construction pipeline ensures ongoing inventory, but desirable units in transit connected areas continue to sell quickly.

🚇 2. Top Toronto Neighborhoods for Condo Buyers

While Markham and Unionville appeal to families seeking space and top ranked schools, Toronto offers urban convenience and walkability.

Downtown Core (Financial District & Entertainment District)

Ideal for professionals who want to walk to work, live near transit, and enjoy a vibrant lifestyle.

Yonge & Eglinton

A major growth hub known as “Midtown Toronto” offers modern condo towers and exceptional access to the LRT and TTC.

Waterfront Communities

Condos with lake views, bike paths, and easy access to Harbourfront Centre and Toronto Island.

Leslieville & Riverside

Eastern Toronto’s trendiest neighborhoods are perfect for buyers who value boutique buildings, coffee shops, and community charm.

🧱 3. New vs. Resale Condos: Which One Should You Buy?

Buying Pre Construction

Pros:

• Modern amenities

• Customization options

• Longer closing timelines

Cons:

• Occupancy fees

• Delays

• No immediate rental income

Buying Resale

Pros:

• What you see is what you get

• Faster closing

• Established building history

Cons:

• Older buildings may have higher maintenance fees

The right choice depends on your budget, timeline, and investment goals.

💰 4. Understanding Condo Fees and Additional Costs

Compared to low rise homes in Markham, condos in Toronto come with monthly fees that help maintain:

• Amenities

• Building security

• Common areas

• Reserve fund contributions

Fees vary based on:

• Building age

• Amenities (pools, gyms, concierge)

• Size of unit

Buyers should also budget for:

• Land transfer taxes (Toronto has a second municipal tax)

• Property taxes

• Insurance

• Parking and locker (if applicable)

📈 5. Why Investors Choose Toronto Condos

Toronto condos continue to attract local and international investors for several reasons:

Strong Rental Demand

High population density, immigration, and limited rental supply keep vacancy rates low.

Transit Connectivity

Buildings near TTC Subway, GO Transit, or the upcoming Ontario Line outperform in value and rental income.

Long Term Appreciation

Toronto’s downtown core consistently remains one of Canada’s strongest real estate markets.

Many Markham homeowners choose to diversify their portfolio by investing in Toronto condos because the rental market is highly resilient.

🔎 6. How Toronto Condos Compare to Markham & Unionville Real Estate

Toronto

• Higher density

• Strong rental and investor demand

• Smaller unit sizes

• More public transit access

Markham & Unionville

• Larger living spaces

• Top rated schools

• Family friendly neighborhoods

• Strong freehold home appreciation

For many buyers, the choice depends on lifestyle, commuting needs, and long term goals.

🏡 Thinking About a Toronto Condo or a Markham Home? Get Expert Guidance.

Whether you’re comparing urban condos in Toronto or exploring spacious homes in Markham and Unionville, having an expert on your side helps you make confident, strategic decisions.

Work with a trusted professional who understands both markets.

👉 Visit www.callmikelau.com
Your trusted partner and the Top Realtor in Markham, Ontario here to guide you through Toronto condos, Markham homes, and every opportunity in the GTA real estate market.