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Best Neighbourhoods in Toronto to Buy a Condo in 2026
Best Neighbourhoods in Toronto to Buy a Condo in 2026
Toronto condo market at a glance (90-day window):
- Median DOM: 23 days
- Sale-to-list ratio: 97.1%
- Overbid rate: 21%
- Price cut rate: 15%
We organized Toronto’s neighbourhoods into four tiers: best value, fastest-moving markets, mid-range sweet spots, and premium. Whether you’re a first-time buyer, an investor, or upgrading from a starter unit, there’s a section here for you.
Before we begin, there are a few key terms to explain:
-
Price Per Square Foot: explains how much money each square foot costs. A lower monetary value per square foot signals a cheaper condo.
-
Median Days On Market: explains how long the average listing was presented before it sold.
-
Overbid Rate: The percentage of sales in a neighbourhood that closed above the asking price. A 40% overbid rate means 4 out of every 10 condos sold for more than they were listed for.
Now that we covered the basic terms, let us show you what the data speaks.
1. Best Value Neighbourhoods
These neighbourhoods sit below $650 per square foot, and are the best value places in the Toronto condo market. Most are in northeast and northwest Scarborough, or the Etobicoke area. Units tend to be larger (800-1,100 sq ft) and buildings older, which means lower prices but it's important to factor in maintenance fees and reserve fund health.
| Neighbourhood | Price / sq ft | Median Sold Price | Fee / sq ft | Avg sq ft | Median DOM | Overbid Rate |
|---|---|---|---|---|---|---|
| Kingsview Village-The Westway | $341 | $417,250 | $0.70 | 1,110 | 31 | 6% |
| Crescent Town | $418 | $438,000 | $0.80 | 1,000 | 26 | 33% |
| Mount Olive-Silverstone-Jamestown | $460 | $514,450 | $0.66 | 1,142 | 31 | 10% |
| Milliken | $476 | $517,099 | $0.72 | 1,050 | 16 | 44% |
| Steeles | $492 | $554,400 | $0.80 | 1,100 | 17 | 34% |
| Scarborough Village | $492 | $467,375 | $0.91 | 1,050 | 24 | 19% |
| Malvern | $508 | $459,764 | $0.72 | 945 | 21 | 28% |
| Don Valley Village | $595 | $623,250 | $0.90 | 923 | 20 | 20% |
2. Hot Markets With Fierce Competition
Median days on market under 22, ranked. These are neighbourhoods where listings routinely sell before they can receive a price cut. A high overbid rate signals active multiple-offer situations; if you are serious about buying condos in these neighbourhoods, it is worth accounting for an extra 5-10% of your spending budget.
| Neighbourhood | Median DOM | Overbid Rate | Price Cut Rate | Price / sq ft | Median Sold Price |
|---|---|---|---|---|---|
| Stonegate-Queensway | 10 | 30% | 9% | $785 | $576,250 |
| South Riverdale | 13 | 43% | 9% | $961 | $673,006 |
| Junction Area | 14 | 48% | 4% | $844 | $719,833 |
| Rosedale-Moore Park | 15 | 26% | 12% | $841 | $767,833 |
| Milliken | 16 | 44% | 9% | $476 | $517,099 |
| Dovercourt-Wallace Emerson-Junction | 17 | 30% | 9% | $763 | $490,500 |
| Steeles | 17 | 34% | 9% | $492 | $554,400 |
3. Mid-Range Deals: The 700-920 per sq ft Tier
These established neighbourhoods with proven rental demand and enough sales history to read market direction are the broadest market. The below table is sorted by median days on market.
| Neighbourhood | Price / sq ft | Median Price | Buildings | Median DOM | Overbid Rate | Fee / sq ft |
|---|---|---|---|---|---|---|
| Dovercourt-Wallace Emerson-Junction | $763 | $490,500 | 8 | 17 | 30% | $0.82 |
| South Parkdale | $773 | $477,250 | 5 | 18 | 17% | $0.88 |
| Mount Pleasant West | $902 | $633,352 | 38 | 20 | 12% | $0.89 |
| High Park-Swansea | $852 | $699,143 | 11 | 22 | 18% | $0.97 |
| Islington-City Centre West | $729 | $559,487 | 39 | 24 | 15% | $0.90 |
| Little Portugal | $824 | $521,976 | 9 | 26 | 32% | $0.92 |
| Niagara (King West / Liberty Village) | $873 | $607,286 | 56 | 26 | 8% | $0.87 |
| Willowdale East | $773 | $643,309 | 58 | 29 | 16% | $0.94 |
| Church-Yonge Corridor | $855 | $572,631 | 79 | 29 | 18% | $0.95 |
| Mimico | $815 | $629,884 | 47 | 30 | 12% | $0.95 |
| Bayview Village | $818 | $569,540 | 36 | 33 | 25% | $0.95 |
4. Premium Tier Condos
The top tier spans some of Toronto's most distinct addresses; from Annex Victorian conversions to new Distillery District glass towers. In these neighbourhoods, the best units trade quickly. Keep in mind the potential high rental income.
| Neighbourhood | Price / sq ft | Median Sold Price | Fee / sq ft | Median DOM | Overbid Rate | Sale-to-List |
|---|---|---|---|---|---|---|
| Yonge-Eglinton | $925 | $649,625 | $0.96 | 23 | 19% | 96.0% |
| South Riverdale (Leslieville) | $961 | $673,006 | $0.86 | 13 | 43% | 98.7% |
| Casa Loma | $966 | $555,000 | $1.12 | 35 | 12% | 95.4% |
| Yonge-St. Clair | $973 | $810,333 | $1.09 | 20 | 22% | 97.5% |
| Kensington-Chinatown | $954 | $714,889 | $0.95 | 32 | 6% | 95.5% |
| Annex | $1,142 | $1,053,309 | $1.14 | 34 | 13% | 96.0% |
Summary
The table below has the best neighbourhood picks from each tier, sorted by price.
| Neighbourhood | Tier | $/sq ft | Median Price | DOM | Overbid | Fee/sf |
|---|---|---|---|---|---|---|
| Milliken | Value | $476 | $517K | 16 | 44% | $0.72 |
| Steeles | Value | $492 | $554K | 17 | 34% | $0.80 |
| Don Valley Village | Value | $595 | $623K | 20 | 20% | $0.90 |
| Islington-City Centre West | Mid-range | $729 | $559K | 24 | 15% | $0.90 |
| Stonegate-Queensway | Mid-range | $785 | $576K | 10 | 30% | $0.77 |
| Little Portugal | Mid-range | $824 | $522K | 26 | 32% | $0.92 |
| Junction Area | Mid-range | $844 | $720K | 14 | 48% | $0.71 |
| Niagara | Mid-range | $873 | $607K | 26 | 8% | $0.87 |
| Yonge-Eglinton | Premium | $925 | $650K | 23 | 19% | $0.96 |
| South Riverdale | Premium | $961 | $673K | 13 | 43% | $0.86 |
| Yonge-St. Clair | Premium | $973 | $810K | 20 | 22% | $1.09 |
| Annex | Premium | $1,142 | $1.05M | 34 | 13% | $1.14 |
Click here to browse condo listings in Toronto on PropertySearchGPT
Not investment advice, verify current listings at propertysearchgpt.ai.