Thinking about putting your Toronto home on the market? You're not alone—and honestly, you're stepping into one of the most exciting (and yes, sometimes nerve-wracking) real estate markets in the country right now.

But here's the thing everyone gets wrong about selling… they think pricing is just about picking a number that sounds right. It's not. Your asking price is actually your first conversation with every potential buyer who walks through your door—and trust me, you want that conversation to start off on the right foot.

Why Getting the Price Right Feels Harder These Days

Let's be honest—selling a home in 2025 isn't your parents' real estate experience. Between interest rates doing their roller coaster thing, buyers who've become pickier than food critics, and inventory levels that seem to change with the weather, it's enough to make anyone's head spin.

I've watched sellers get caught off guard because they assumed last year's strategies would work this year. Spoiler alert: they don't always.

Your Three Pricing Options (And When Each One Makes Sense)

I learned this framework from real estate coach Tom Ferry, and I swear by it because it cuts through all the noise. Every seller I work with gets these three options, and we pick the one that matches their situation:

Option 1: Price Above Market Value

This is the "lottery ticket" approach. You're betting that somewhere out there is a buyer who'll fall head-over-heels for your place and pay a premium for it. Does it work? Sometimes—especially if you've got something truly special or you're in no rush to move. But fair warning: this path requires patience and thick skin.

Option 2: Price at Fair Market Value

This is your solid, dependable choice. We look at what similar homes have sold for recently, factor in current market conditions, and land on a price that makes sense to both you and buyers. It's not flashy, but it works. Think of it as the reliable friend who always shows up when they say they will.

Option 3: Price Slightly Below Market Value

Now this one? This is where things get interesting. It might sound strange to some people—why would you price your home for less than it's worth? But here's the psychology: when buyers see what looks like a deal, they move fast. And when multiple buyers move fast, you often end up with competing offers that drive the price right back up (sometimes higher than if you'd priced at market value to begin with).

The Mind Games Buyers Play (And How We Use Them)

Today's buyers aren't just browsing—they're researching like they're writing a PhD thesis on your neighbourhood. They know what sold three doors down last month and what's been sitting on the market for 60 days.

That's why pricing is as much about psychology as it is about spreadsheets. When a buyer sees your listing and thinks "this feels like a good deal," that emotional response is worth its weight in gold. Even if your "good deal" is priced exactly at fair market value.

When Things Don't Go According to Plan

Look, not every listing story has a perfect ending in the first chapter. If your home sits on the market longer than we expected, that's not a failure—it's the market giving us feedback. And honestly? Sometimes that feedback is more valuable than any report I could write.

When this happens, we don't panic. We pivot. Maybe it's a small price adjustment, maybe it's repositioning how we're marketing the home, or maybe it's simply a matter of timing. I've seen homes that sat for months suddenly attract multiple offers after one strategic change.

Let's Talk About What Really Matters to You

Here's what I've learned after years in this business - every seller's situation is unique. Maybe you need to sell quickly because of a job relocation. Maybe you can afford to wait for the perfect offer. Maybe you're downsizing and feeling a bit sentimental about leaving the place where you raised your kids.

Whatever your story is, that's where we start our pricing conversation. Not with comparables or market reports—with your life and what you need this sale to accomplish.

Ready to figure out the right pricing strategy for your situation? Let's grab a coffee and chat about your goals, your timeline, and how we can position your home to win in this wild Toronto market of ours.

Published: September 2025 | Reading Time: 8 minutes

Walk through Toronto's most coveted heritage neighbourhoods today—The Annex, Riverdale, Leslieville, Cabbagetown, Trinity Bellwoods, Little Italy —and you'll witness a heartbreaking trend. Century-old homes with intricate woodwork, original hardwood floors, and handcrafted details are being stripped down to their studs and rebuilt as sterile, Instagram-ready shells.

These aren't just renovations. They're cultural vandalism disguised as "heritage preservation."

What's really happening to Toronto's heritage homes

As someone who works with design-focused clients seeking authentic heritage properties, I've witnessed this crisis firsthand. Over the past two years, finding a genuinely well-preserved heritage home has become nearly impossible. My clients—architects, interior designers, and discerning buyers who appreciate craftsmanship—are consistently disappointed by what's available.

Toronto's real estate market has created a perfect storm for heritage destruction. Developers and flippers have discovered a loophole… buy a heritage-listed property, gut everything that made it special, then slap some subway tiles, quartz countertops, and generic finishes inside a historically-protected exterior.

The result? Homes that look "heritage" from the street but feel like suburban McMansions inside—yet they're priced as if they're bespoke architectural gems.

Here's the frustrating truth I share with my design-focused clients: Toronto's heritage market is flooded with gut jobs masquerading as premium properties. Sellers routinely ask $2.5M+ for homes where original millwork has been replaced with Home Depot trim, "heritage" hardwood floors are actually modern engineered products, period details have been approximated with generic alternatives (plastic mouldings, rosettes), and room proportions have been altered beyond recognition (you know I am referring to that open concept fantasy).

Yet these properties are marketed—and priced—as if they're meticulously restored architectural treasures. My clients, who have trained eyes for quality and authenticity, are paying luxury prices for contractor-grade finishes wrapped in heritage packaging.

Nearly 4,000 buildings in the city are now at risk of losing their heritage protection, creating an urgent window for developers to strike. Meanwhile, complete home renovation projects now cost upwards of $600K+, making it financially attractive to gut rather than restore.

This isn't just about aesthetics—it's about Toronto losing its architectural soul, one renovation at a time. And after watching this trend accelerate over the past decade, I can tell you it's only getting worse.

How to spot a heritage gut job

Watch the listing language carefully. Real estate agents have become masters of euphemism. When you see "completely renovated while maintaining heritage charm" or "turnkey heritage property with contemporary finishes," what they really mean is everything original has been ripped out.

Look past the Instagram-perfect photos. Authentic heritage homes have quirks. Slightly uneven floors tell a story. Original trim carries decades of character. Rooms follow the logic of their era, not modern open-concept fantasies. If every photo looks like it belongs in a design magazine, someone stripped away everything that made the house special.

Pay attention to the mechanicals. Original heritage homes require thoughtful integration of modern systems. When you see perfectly straight HVAC runs with no consideration for original architecture, electrical panels that clearly required major structural changes, or plumbing that obviously didn't respect the home's original layout, you're looking at a property where convenience trumped character.

Notice what's missing—and what's glaringly wrong. After two decades of showing these properties, I can spot a heritage gut job from the front door. Here are the three dead giveaways:

The flooring is always wrong. Engineered hardwood or luxury vinyl that screams 2020s, not late 1800s. Original heritage homes had narrow-strip hardwood, often maple or oak, with the patina and character that only comes with age. When you see perfectly uniform, extra-wide planks throughout, you're looking at someone who prioritised cost and installation ease over authenticity.

The kitchen is aggressively generic. Shaker cabinets, subway tile, and quartz countertops—the holy trinity of flip house design. These elements might work in a modern home, but in a 1910 Victorian? They're completely out of place. A thoughtful heritage renovation would incorporate period-appropriate cabinetry styles, materials, and proportions.

Open concept for the sake of open concept. This is the most destructive trend I see. Load-bearing walls get removed, room proportions get destroyed, and the home's original flow—designed for how people actually lived in that era—gets obliterated. Suddenly your gracious front parlour becomes part of a massive great room that feels like a suburban McMansion dropped inside heritage bones.

The real cost of buying a "heritage" gut job

You're not just buying a home—you're buying someone else's shortcuts. Insurance costs are higher when modern systems are poorly integrated into old homes. Ongoing maintenance becomes a nightmare when original systems are removed without proper consideration—problems compound over time. And when it comes time to sell, discriminating buyers can spot a gut job from across the room.

There's also the regulatory minefield to consider. Heritage properties come with rules about not changing character-defining elements, especially on the exterior, without proper permits. If previous owners cut corners on approvals, you inherit their legal problems.

What authentic heritage renovation actually looks like

Not all heritage renovations are disasters. The good ones follow a simple principle: respect what came before while thoughtfully adding what's needed today.

You'll know you're looking at quality work when original trim and millwork has been carefully preserved or faithfully replicated, when modern systems are routed around rather than through original architecture, when period-appropriate materials appear throughout, and when original floor plans are respected rather than demolished.

These renovations often cost more upfront, but they deliver better long-term value. You'll see custom millwork that matches original profiles, restored rather than replaced original features, high-quality materials that respect the home's era, and thoughtful space planning that enhances rather than fights the original architecture.

Questions that expose the truth

Before you fall in love with that "charming heritage home," get specific. What original features remain? When was the last major renovation completed? Are there heritage restrictions on future modifications? What permits were pulled for recent work?

During your inspection, ask yourself whether the "original" features actually match the home's era. Are modern systems thoughtfully integrated or obviously retrofitted? Does the home feel cohesive, or like a modern house wearing a heritage costume?

For due diligence, check the City of Toronto Heritage Register to understand your obligations, review all renovation permits from the past decade, and verify that any heritage requirements were properly followed.

Where to look (and where to avoid)

Some neighbourhoods have become hunting grounds for flippers. Trinity Bellwoods’ wide Victorians and high prices attract developers who maximize profit by gutting. King West's "heritage" lofts are often new construction with heritage facades. In the Entertainment District, converted heritage buildings frequently retain only exterior walls.

Your better bets for authentic heritage include Riverdale, where Victorian and Edwardian homes often feature renovations that respect original craftsmanship. Leslieville's heritage homes may be modest, but they're full of character. Corktown's smaller market means less flipping pressure. The Beaches offers century-old cottages and craftsman homes with better preservation rates. Trinity Bellwoods has Victorian rowhouses where authentic renovations still exist. Little Portugal's working-class heritage homes often keep original details intact. And Junction Triangle's industrial heritage and worker cottages are less targeted by luxury flippers.

What you can do about it

Toronto's heritage homes represent 150+ years of architectural evolution. When we gut them into generic boxes, we lose irreplaceable craftsmanship and the unique character that makes neighbourhoods special.

As a buyer, you have power. Every time you choose an authentic heritage renovation over a gut job, you're voting for Toronto's architectural future.

Educate yourself on period-appropriate features for your target era. Work with agents who understand heritage properties and their regulations. Budget for proper inspections that can identify authentic versus replica features. Support contractors who specialize in respectful heritage renovations.

The choice is yours: contribute to Toronto's heritage preservation or enable its destruction. Choose wisely—our city's architectural soul depends on it.

About MDRN Real Estate:

Looking for a design-focused real estate team that understands authentic heritage properties? MDRN Real Estate + Design specializes in connecting discerning buyers with respectfully renovated heritage homes in Toronto. We know the difference between genuine craftsmanship and heritage theatre. Contact us to start your search for a home with real history, not just heritage-style facades.

We work exclusively with design-conscious clients seeking authentic heritage and architecturally significant properties in Toronto's most coveted neighbourhoods. Contact us today.

Toronto luxury condos | Toronto real estate market | Condo buying guide Toronto | Toronto condo design trends | Million dollar condos Toronto

You've toured twelve luxury Toronto condos this month. Each one boasted "luxury finishes" and "premium upgrades." Each one had a price tag that made your mortgage broker wince. And each one had the exact same white quartz waterfall island, the same subway tile backsplash, and the same brushed gold fixtures that you swear you saw in the last three buildings.

Welcome to Toronto's $2 million cookie-cutter crisis.

The Toronto Luxury Condo Problem: When Premium Prices Meet Production-Line Design

Walk into any newly built luxury condo in Toronto's core – from King West to Entertainment District to Financial District – and you'll encounter what I call the "developer's playbook." This carefully curated selection of "safe" design choices looks impressive in MLS photos but feels soulless in person. These aren't budget constraints driving identical design choices in Toronto's luxury condo market; these are calculated decisions based on what developers think will sell, not what Toronto condo buyers actually want to live with.

The irony? While Toronto condo buyers are paying luxury prices (often $1,200+ per square foot), they're getting mass-produced aesthetics that prioritise broad appeal over personal expression. It's like buying a bespoke suit that comes in one size and one colour.

Cookie-Cutter Toronto Condo Design: The Repeat Offenders

The Ubiquitous White Kitchen Island in Toronto Condos

Every Toronto condo developer seems convinced that a white quartz waterfall island is the holy grail of luxury design. Walk through any new condo building in Yorkville, CityPlace, or Liberty Village, and you'll find the same island repeated endlessly. Yes, it photographs well for Toronto MLS listings. Yes, it's neutral. But when every unit in every Toronto luxury building features the same element, "luxury" starts feeling more like "assembly line."

The Subway Tile Epidemic Across Toronto's Condo Market

Subway tiles were trendy... in 2015. Yet they continue to appear in million-dollar Toronto condos like some kind of design pandemic. From Distillery District to King Street East, developers cling to them because they're "timeless," but timeless shouldn't mean tiresome – especially at Toronto's premium condo prices.

The Brushed Gold Standard in Toronto Luxury Condos

Brushed gold fixtures have become the default "upgrade" in Toronto luxury developments. Visit any new condo building from Harbourfront to North York, and you'll encounter the same brushed gold taps, cabinet pulls, and light fixtures. While beautiful in isolation, their omnipresence across Toronto's condo market has stripped them of their specialness.

The Real Cost of Toronto's Cookie-Cutter Condo Design

This design conformity in Toronto's luxury condo market isn't just aesthetically disappointing – it's financially problematic for Toronto condo buyers and sellers. When every luxury Toronto condo looks identical, differentiation becomes impossible. Buyers end up choosing based on location and price alone, rather than falling in love with a unique space that reflects their personality.

For Toronto condo sellers, this creates a commoditization problem. How do you justify your premium Toronto condo listing when the unit three floors down has identical finishes? In Toronto's competitive real estate market, the answer is: you can't.

What Toronto Condo Buyers Actually Want (Survey Results and Market Insights)

After working with hundreds of Toronto condo buyers across all price points, from $500K studios to $3M penthouses, I've noticed clear patterns in what they're really seeking in Toronto's luxury condo market:

Authentic Character Over Instagram-Ready Toronto Condos

Toronto condo buyers want spaces that tell a story, not spaces that could be anywhere in the world. They're drawn to unexpected details – a unique light fixture, an interesting texture, a bold accent wall that shows someone actually made design decisions rather than following the standard Toronto developer checklist.

Functional Luxury in Toronto Condos Over Superficial Glamour

Smart storage solutions, well-planned layouts, and thoughtful electrical placement matter more than marble countertops to Toronto condo buyers. They want to live well in Toronto's urban environment, not just look good on social media.

Toronto Condo Customisation Potential

Many Toronto buyers would prefer a well-designed blank canvas they can personalise rather than a "finished" space that reflects someone else's taste. They want the bones of luxury – quality materials, solid construction, thoughtful proportions – with the freedom to add their own personality to their Toronto home.

Neighbourhood Integration in Toronto Condos

Toronto condo buyers want their homes to feel connected to their communities, whether that's the historic charm of Corktown, the vibrant energy of Queen West, or the sophistication of Yorkville. Design elements that reflect the neighbourhood's character create a sense of place that generic luxury finishes simply can't match.

Toronto Condo Developers Getting Design Right

Not every Toronto condo developer is stuck in the cookie-cutter trap. The Toronto luxury condo projects that generate real buyer excitement are the ones taking calculated risks:

Incorporating Toronto Local Artists: Some Toronto developments feature custom artwork or installations by local Toronto artists that give each building a unique identity tied to the city's creative community.

Offering Genuine Customisation: Forward-thinking Toronto developers like Freed Developments and Great Gulf are offering buyers the opportunity to make meaningful design choices during the pre-construction phase.

Embracing Bold Choices: The most memorable Toronto condo units I've shown feature unexpected elements – a dramatic dark kitchen, unique tile patterns, or architectural details that actually enhance the space rather than just filling it with generic luxury finishes.

Toronto Condo Market Predictions: Design Trends for 2025

Based on current Toronto condo market trends and buyer feedback, here's what I predict for Toronto's luxury condo design in 2025:

• Warmer colour palettes replacing the stark white aesthetic

• Mixed metals instead of uniform brushed gold

• Statement lighting as a key differentiator

• Integrated smart home technology beyond basic automation

• Sustainable materials appealing to environmentally conscious Toronto buyers

Toronto Condo Buying Tips: How to Spot Unique Properties

When shopping for luxury Toronto condos, ask yourself these questions:

1. Would I recognise this kitchen in a lineup of Toronto MLS photos?

2. Does this space reflect Toronto's character or could it be anywhere?

3. What makes this Toronto condo unit memorable compared to others I've seen?

4. Are there opportunities for personalisation within the building's design guidelines?

The Bottom Line for Toronto Condo Buyers and Sellers

If you're buying a Toronto condo, don't let marketing photos fool you into thinking identical means luxury. Look for Toronto properties with genuine character, even if that means considering slightly older buildings in established Toronto neighbourhoods like Rosedale, Forest Hill, or The Beaches with more distinctive features.

If you're selling your Toronto condo, consider what you can do to differentiate your space from the sea of similarity in Toronto's competitive market. Sometimes the smallest unique touches – interesting hardware, a bold paint choice, or distinctive lighting – can make your Toronto condo listing memorable in a way that another white quartz island simply can't.

The Future of Toronto's Luxury Condo Market

The good news for Toronto's real estate market? I'm seeing signs that both developers and buyers are getting tired of the cookie-cutter approach. The most successful new Toronto condo developments are the ones that dare to be different, that understand luxury isn't about following a formula but about creating spaces people genuinely want to call home in Toronto.

Whether you're looking at condos in trendy neighbourhoods like Liberty Village and King West, or established areas like Yorkville and Rosedale, the principle remains the same: luxury isn't about having the same expensive island as everyone else – it's about having a space that feels uniquely yours in Toronto's diverse urban landscape.

Your Toronto home should be a reflection of you, not a reflection of a developer's market research. It's time Toronto's luxury condo market remembered that.

Anne Lok is a Toronto real estate expert specialising in luxury condos across Greater Toronto Area neighbourhoods. With over 21 years of experience in Toronto's condo market, she has helped hundreds of buyers navigate Toronto's competitive real estate landscape.

Ready to find a unique Toronto condo? Contact Anne today for personalised guidance on

There were 5,211 home sales reported through TRREB’s MLS System in August 2025, up by 2.3% compared to August 2024. The total number of new listings were up 22.4% to a total of 27,495 available homes for sale of all home types.  

More choice has put further pressure on prices with the average selling price of $1,022,143, down by 5.2% compared to August 2024. Months of inventory remained in a buyers market with over 5 months of available homes of all types.   

TRREB's Chief Information Officer Jason Mercer reported that even with lower borrowing costs and selling prices over the past year, further relief in lending costs is required to see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market.  

The condominium market has seen some consistency over the past few months with sales averaging approximately between 1400 to 1500 per month.  However, a record number of new condominium deliveries continue to fuel the over supply of this home type, putting downward pressure on prices, down 4.2% over August last year.  

With the current state of our market we have to read between the lines to find the great opportunities that are available and I am here to help.  I am able to assist you with all your real estate needs, please never hesitate to reach out to me as I look forward to connecting with you soon.  

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighbourhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

Contact Anne for a Buyer or Seller consultation.

Toronto Real Estate Market Shows Strong Recovery with 10.9% Sales Growth

The Greater Toronto Area (GTA) housing market delivered its strongest July performance since 2021, with home sales surging 10.9% year-over-year to reach 6,100 transactions in July 2025. This Toronto real estate market recovery signals improved market conditions driven by enhanced affordability and reduced borrowing costs.

Key GTA Housing Market Statistics July 2025

• Home sales volume: 6,100 transactions (up 10.9% from July 2024)

• Active MLS listings: 30,215 properties (26.2% increase year-over-year)

• Market inventory: 4.95 months of available homes

• Market trend: Moving toward sellers' market conditions

Toronto Home Prices and Affordability Improve

Lower home prices in Toronto combined with reduced borrowing costs have significantly improved housing affordability across the GTA. This enhanced affordability is enabling more households to access homeownership opportunities, contributing to the sustained sales growth.

The current inventory level of under five months indicates Toronto sellers market conditions are emerging, representing a notable shift from previous market dynamics.

Condo Market Toronto Shows Resilience

The Toronto condo market demonstrated steady performance with 1,576 sales in July 2025:

• 4.4% monthly increase from June 2025

• 6.3% growth compared to July 2024

• Condo prices down 9.4% year-over-year due to increased new construction deliveries

Economic Impact and Interest Rate Outlook

According to TRREB Chief Information Officer Jason Mercer, the Canadian housing market can serve as a catalyst for economic growth amid trade uncertainties with the United States. Further interest rate cuts could stimulate additional home sales and generate positive economic spillover effects, supporting job growth and regional economic development.

Market Tightening Indicates Balanced Conditions Ahead

With sales growth outpacing new listing increases, GTA market conditions are tightening. New listings rose modestly compared to June, while the sales-to-listings ratio improvement suggests the market is transitioning toward more balanced conditions.

Toronto Housing Market Forecast

The combination of improved affordability, steady sales growth, and tightening inventory levels positions the GTA real estate market for continued recovery through 2025. The housing sector's potential as an economic catalyst, supported by potential interest rate reductions, could drive further market strengthening.

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighbourhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

Contact Anne for a Buyer or Seller consultation.

Toronto’s housing market is expensive and competitive, but there’s one overlooked issue making affordability even worse—the missing middle. Between high-rise condos and million-dollar detached homes, there’s a serious lack of townhouses, duplexes, triplexes, and low-rise apartments.

With recent zoning changes and new developments, Toronto is finally taking steps to fix this problem. This blog explores why missing middle housing matters, the latest developments, pricing insights, and what this means for buyers and renters.

What is Missing Middle Housing?

The term “missing middle” refers to housing that sits between high-density condos and low-density single-family homes. These homes provide more space for families while remaining affordable for middle-income earners.

Cities like Toronto have historically focused on luxury condos and expensive detached homes, leading to fewer options for people who want spacious, reasonably priced housing in urban neighbourhoods.

Why is Toronto Struggling with the Missing Middle?

Several factors contribute to Toronto’s lack of medium-density housing:

• Zoning Restrictions – Historically, many Toronto neighbourhoods only allowed single-family homes, preventing duplexes, triplexes, and townhouses from being built.

• High Demand for Condos – Developers prioritized condos due to higher profit margins and demand from investors.

• Expensive Land & Construction Costs – Building medium-density homes is often less profitable compared to high-rise developments.

With Toronto’s population booming, residents are demanding more diverse housing options that better suit families and professionals.

Toronto’s Latest Missing Middle Housing Initiatives

1. Zoning Changes for Multiplexes

Toronto has recently legalized multiplexes in all neighbourhoods, allowing duplexes, triplexes, and fourplexes in areas that previously banned them. This change is expected to increase housing diversity and support affordability.

2. Beaches-East York Missing Middle Pilot Project

The city is launching a pilot project to demonstrate how missing middle housing can be built effectively on city-owned land. This initiative aims to set a precedent for future developments and encourage more builders to invest in mid-sized housing. Updates are posted on the City of Toronto website here.

3. Private Developer Investments

Tempus Capital Inc. and TUK Developments Inc. are investing $100 million to create spacious, family-friendly rental units. Their first project features three-bedroom apartments with 1,100 square feet of space, addressing the need for larger rental units in Toronto.

What’s the Price Range for Missing Middle Homes in Toronto?

Toronto’s missing middle homes are priced between condos and detached homes, offering a middle ground for buyers and renters.

Here’s a breakdown of current prices:

• Townhouses & Row Houses – Prices typically start around $800,000 in areas like Weston-Pelham Park, offering a more affordable step up from condos.

• Duplexes & Triplexes – These multi-unit homes can range from $900,000 to $1.5 million, depending on the neighbourhood and condition.

• Low-Rise Apartments – Rental units in new developments, such as those by Tempus Capital Inc. and TUK Developments, are designed for families and professionals, with three-bedroom units spanning 1,100 square feet.

As Toronto continues to promote medium-density housing, prices may fluctuate depending on zoning laws, interest rates, and construction costs.

Why Missing Middle Housing is Important?

Better Affordability

More housing options mean lower prices and better accessibility for buyers and renters. Townhouses, duplexes, and triplexes offer a compromise between space and cost, making them a great alternative to high-rise condos.

Improved Community Living

Unlike large condo towers, missing middle housing promotes walkable neighbourhoods with lower traffic congestion, more green space, and stronger local communities.

Environmental Benefits

Medium-density housing is more sustainable than single-family homes and reduces the city’s urban sprawl—a major issue affecting Toronto’s infrastructure.

What’s Next for Toronto?

The push for missing middle housing is gaining momentum, but challenges remain. While zoning changes and pilot projects are promising, developers and policymakers need to prioritize affordability and accessibility to make these homes widely available.

Will Toronto finally embrace medium-density housing? The coming years will determine whether these initiatives can reshape the housing market and offer better options for families and professionals.

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighbourhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

*All data provided by Urbanation

New Condo Sales Plunge 91% Below 10-Year Average

• Only 502 new condo units were sold in Q2-2025 across the Greater Toronto and Hamilton Area (GTHA), marking a 10% drop from Q1 and a 69% year-over-year decline.

• Q2 typically sees peak activity, but this year’s sales were 91% below the 10-year seasonal average—continuing a trend of 30-year lows.

• Resale condo transactions also fell 20% annually to 4,074 units, hitting a 17-year low (excluding COVID years) and landing 32% below the 10-year average.

Developers Halt Launches and Cancel Projects Amid Surging Resale Listings

• Only three new projects (891 units) launched for presale in Q2, while four projects (719 units) were cancelled.

• Since early 2024, 20 projects totaling 4,360 units have been cancelled, with nine now being converted to rentals—including three from Q2-2025.

• Resale listings hit a record 14,759 units in Q2, 35% above the 10-year average.

New Launches Struggle Despite Price Drops to $1,000 PSF

• Just 16% of newly launched units sold in Q2—far below the 10-year average of 50%.

• This sluggish performance came despite limited inventory and average opening prices falling to $1,003 PSF, the lowest since Q2-2020.

• Resale market activity also weakened, with a sales-to-listings ratio of 28%, half the 10-year average and the lowest Q2 level in three decades.

Developer Inventory Doubles, Resale Listings Hit Record High

• Total unsold inventory reached 24,045 units in Q2-2025, down 3% year-over-year—marking the first annual decline in over three years.

• However, 2,478 newly completed units remained unsold, a 102% increase from last year and five times higher than two years ago.

• Active resale listings ended Q2 at 8,998 units—double the 10-year average.

Prices Continue to Slide for Both New and Resale Condos

• New condo prices averaged $1,325 PSF in Q2, down 2% year-over-year and 7% over three years (excluding incentives).

• Resale prices dropped 8% annually to $797 PSF, with a three-year decline of 14%.

• The price gap between new and resale condos widened to a record 66%, more than double the spread from a decade ago.

Completions to Hit Record High in 2025, Then Plunge by 2027

• Condo construction starts fell 57% year-over-year in Q2 to just 1,276 units—an 84% drop over two years.

• Q2 completions rose slightly (2%) to 4,918 units, but 17,117 more units are scheduled for completion in the second half of 2025.

• Total completions for 2025 will reach a record 31,599 units, before declining to 18,037 in 2026 and just 10,841 by 2027.

Rental Supply Surges, Pushing Down Rents

• A record 18,119 condo leases were signed in Q2-2025, up 10% year-over-year.

• However, rental listings grew 13% to 24,918 units—surpassing the previous high from Q3-2020.

• The lease-to-listing ratio fell to a five-year low of 73%, while active listings rose 23% to 6,156 units.

• Average rents dropped 4.5% annually to $3.79 PSF, or $2,589 for a typical 683 SF unit.

🔍 What This Means for Buyers and Sellers

🏠 For Buyers:

• More Choices, Lower Prices: With record-high inventory and falling prices, buyers have more options and stronger negotiating power.

• Better Deals on Resale Units: Resale condos are significantly cheaper than new builds, with a growing price gap (66% premium for new).

• Rental Market Softening: If you're considering renting before buying, falling rents and rising supply make it a tenant-friendly market.

• Caution on New Builds: Many projects are being cancelled or converted to rentals, so buyers should vet developer reliability and timelines carefully.

🏢 For Sellers:

• Tougher Competition: With resale listings at record highs and sluggish demand, sellers face longer listing times and pressure to reduce prices.

• Lower Sales Ratios: Only 28% of resale listings are selling—half the historical average—making it harder to close deals.

• Price Pressure: Resale prices are down 14% over three years, and buyers are increasingly price-sensitive.

• Rental as Plan B: If selling isn’t viable, leasing out your unit may be an alternative—but expect lower rents and longer vacancy periods.

About Anne Lok, Broker  B. Arch, M.AAD.

Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighbourhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.

Contact Anne for a Buyer or Seller consultation.

Discover why automated valuation tools struggle to accurately price architecturally distinctive properties and how design-conscious homeowners can unlock their property's true market value through strategic positioning and expert guidance.

For owners of architecturally distinctive properties, online valuation tools like HouseSigma can be particularly misleading. While these platforms work reasonably well for cookie-cutter homes, they struggle to capture the premium that today's buyers place on exceptional design, unique architectural features, and thoughtful spatial planning.

When Algorithms Miss the Mark on Design Value

Automated valuation models rely heavily on square footage, bedroom counts, and basic comparable sales data. What they can't quantify is the value of soaring ceilings, custom millwork, architect-designed layouts, or the kind of natural light that transforms a space from ordinary to extraordinary.

A mid-century modern home with floor-to-ceiling windows and an open-concept layout might be compared algorithmically to a standard suburban build from the same era, missing entirely the premium that design-conscious buyers will pay for authentic period architecture and thoughtful spatial flow.

Similarly, a contemporary home with sustainable materials, smart home integration, or award-winning architectural details often gets lumped into generic price categories that don't reflect the sophisticated buyer market these properties attract.

The Design Premium in Today's Market

There's a growing segment of buyers who prioritize design quality over sheer size. These buyers understand that exceptional design enhances daily living in ways that can't be measured in square feet alone.

Features like custom-built storage solutions, carefully curated material palettes, seamless indoor-outdoor connections, or innovative use of natural light create emotional connections that drive premium pricing. A well-designed 1,200-square-foot space can command higher prices than a poorly planned 1,800-square-foot home in the same neighbourhood.

Understanding Your Property's Design DNA

Every architecturally significant home has a story; whether it's a heritage property with original Arts and Crafts details, a sleek contemporary build with minimalist sensibilities, or a thoughtfully renovated space that bridges historical character with modern functionality.

Recognizing and articulating these design elements is crucial for attracting the right buyers. A Victorian home's original stained glass windows, restored hardwood floors, and period style colour palette appeal to buyers who appreciate historical authenticity. Meanwhile, a modern home's clean lines, innovative materials, and integrated technology systems attract a different but equally committed buyer demographic.

The Presentation Advantage for Design Properties

Design-forward homes require equally sophisticated marketing approaches. Standard real estate photography often fails to capture the nuanced details that make these properties special (the way light moves through a space throughout the day, the craftsmanship of custom elements, or the flow between rooms that creates the property's unique character).

Professional architectural photography, detailed shots of custom features, and marketing materials that speak to the design narrative help potential buyers understand not just what they're buying, but how living in the space will enhance their lifestyle.

Strategic Improvements for Design Properties

When considering improvements to design-focused homes, the goal isn't always maximum return on investment—it's about enhancing the property's design integrity and appeal to its target market.

Sometimes this means restoring original features rather than updating them, sourcing period-appropriate materials, or working with skilled craftspeople who understand the property's architectural language. Other times, it involves carefully planned modern interventions that respect the home's character while improving functionality.

The key is understanding what improvements will resonate with buyers who appreciate design quality and are willing to pay for it.

How many times have I seen beautiful Victorian homes not selling because the seller has put in the wrong choice of new flooring that doesn't go with the historic sensibility of the home? A stunning heritage property can sit on the market for months when modern laminate or trendy grey vinyl plank flooring disrupts the home's authentic character. Meanwhile, a similar home with carefully restored period-appropriate hardwood or quality materials that honour the architectural era sells quickly and often above asking.

Marketing to the Design-Conscious Buyer

Design-forward properties attract a specific buyer demographic—people who view their home as more than just shelter, but as a reflection of their aesthetic sensibilities and lifestyle choices. These buyers often have higher budgets and are willing to pay premium prices for properties that speak to them.

Reaching this market requires targeted marketing strategies that showcase the property's design credentials, highlight architectural features, and connect with buyers who understand and value exceptional design.

Beyond Square Footage: Valuing Design Intent

While algorithms focus on quantifiable metrics, the true value of a design-forward home lies in less measurable qualities (the thoughtfulness of the layout, the quality of materials,, and the overall design vision that makes the property distinctive).

These elements create the kind of emotional connection that drives competitive offers and premium pricing, but they require design expertise to identify, articulate, and market effectively.

About Anne Lok, Broker B. Arch, M.AAD.

Anne's architectural training provides her with a unique perspective on Toronto's design-forward real estate market. With formal education in both architecture and advanced architectural design, she understands how to evaluate and communicate the design qualities that set exceptional properties apart from standard offerings.

Specialising in architecturally distinctive homes—from meticulously restored heritage properties to cutting-edge contemporary builds—Anne works with clients who appreciate the intersection of design excellence and real estate value. Her technical background allows her to identify subtle design elements that others might overlook: the significance of original millwork, the impact of carefully planned sight lines, or the value of architect-designed renovations that enhance rather than compromise a property's character.

Whether representing a mid-century modern masterpiece, a thoughtfully renovated Victorian, or a contemporary home with innovative sustainable features, Anne connects design-conscious buyers and sellers who understand that exceptional architecture is an investment in both lifestyle and long-term value.

Finding the perfect place to live while studying in Toronto can make or break your university experience. From budget-friendly options near major campuses to vibrant communities with excellent transit connections, Toronto offers diverse neighbourhoods that cater to every student's needs and budget.

Why Choosing the Right Neighbourhood Matters for Students

Toronto's sprawling urban landscape can be overwhelming for newcomers. The right neighbourhood doesn't just provide a roof over your head—it becomes your home base for academic success, social connections, and personal growth. Factors like proximity to campus, public transit access, cost of living, and community amenities all play crucial roles in your daily student life.

Top 7 Best Toronto Neighbourhoods for UofT Students

1. Bloor-Yorkville - Upscale Living with Premium Amenities

Why students love it: This sophisticated neighbourhood offers luxury living for graduate students and those with higher budgets, providing access to Toronto's most prestigious shopping and dining district.

Key highlights:

• High-end shopping at Yorkville Village and Mink Mile

• Excellent restaurants and cultural venues

• Multiple subway stations (Bay, Bloor-Yonge, Rosedale)

• Walking distance to U of T's main campus

• Professional atmosphere ideal for networking

• Average rent: $1,200-1,800/month for shared accommodations

View Current Bloor-Yorkville Listings →

Best for: Graduate students, MBA students, those with higher budgets seeking luxury living

2. Church-Yonge Corridor - Urban Energy and Convenience

Why students love it: This vibrant downtown corridor offers the ultimate urban student experience with unparalleled transit access and a dynamic nightlife scene.

Key highlights:

• Multiple subway lines (Yonge-University, Bloor-Danforth lines)

• Heart of Toronto's entertainment district

• 24/7 convenience and services

• Walking distance to Ryerson/TMU

• Diverse dining and shopping options

• LGBTQ+ friendly community (Church Street Village)

• Average rent: $1,000-1,500/month for shared condos

View Current Church-Yonge Corridor Listings →

Best for: TMU students, those who love urban nightlife, students seeking maximum convenience

3. The Annex - Perfect for University of Toronto Students

Why students love it: The Annex sits directly adjacent to the University of Toronto's St. George campus, making it the ultimate location for U of T students. This historic neighbourhood combines academic convenience with vibrant street life.

Key highlights:

• Walking distance to U of T's main campus

• Bloor Street shopping and dining corridor

• Excellent TTC subway access (Bathurst, Christie, and Dupont stations)

• Mix of heritage homes converted to student housing

• Average rent: $800-1,200/month for shared accommodations

Best for: University of Toronto students, graduate students, those who prefer walking to campus

View Current Annex Listings →

4. Kensington Market - Bohemian Charm Meets Affordability

Why students love it: This eclectic neighbourhood offers some of Toronto's most affordable living options while maintaining a unique cultural identity that attracts creative and internationally-minded students.

Key highlights:

• Diverse, affordable dining options

• Vintage shops and unique boutiques

• Close to both U of T and OCAD University

• Strong sense of community

• Average rent: $700-1,000/month for shared housing

Best for: Art students, international students, budget-conscious students seeking character

View Current Property Listings Near Kensington Market→

5. Chinatown - Budget-Friendly with Authentic Culture

Why students love it: Adjacent to the University of Toronto and offering some of the city's most affordable housing and dining options, Chinatown provides excellent value for money.

Key highlights:

• Extremely affordable restaurants and groceries

• Walking distance to U of T

• Authentic cultural experience

• Good public transit connections

• Average rent: $650-950/month for shared accommodations

Best for: Students on tight budgets, those interested in Asian culture, U of T students

View Current Property Listings Near Chinatown→

6. Alexander Park - Hidden Gem for Budget-Conscious Students

Why students love it: This emerging neighbourhood offers excellent value for money with a growing student population, particularly popular among those seeking affordable housing with easy access to both downtown and midtown campuses.

Key highlights:

• Affordable rent with character buildings

• Growing arts and culture scene

• Good TTC bus connections to subway lines

• Close to both U of T and TMU campuses

• Diverse, multicultural community

• Proximity to restaurants and cafes on Bathurst Street

• Average rent: $700-1,000/month for shared accommodations

View Current Alexander Park Listings →

Best for: Budget-conscious students, those seeking diverse communities, students who don't mind bus commutes

7. Ryerson/Toronto Metropolitan University Area (Downtown Core)

Why students love it: Living in the heart of downtown Toronto puts students at the center of the city's business, entertainment, and cultural districts while being steps away from TMU.

Key highlights:

• Walking distance to Toronto Metropolitan University

• Major subway lines intersection (Bloor-Yonge, Union Station nearby)

• Internship and job opportunities

• Urban lifestyle with all amenities

• Average rent: $1,000-1,500/month for shared condos

Best for: Toronto Metropolitan University students, University of Toronto students, business students, those seeking urban lifestyle

View Current Property Listings Near TMU →

Essential Factors to Consider When Choosing Your Neighbourhood

Transportation and Commute Times

Toronto's public transit system (TTC) is generally reliable, but commute times can vary significantly between neighbourhoods. Consider:

• Proximity to subway lines vs. bus routes

• Monthly TTC pass costs ($156 for students)

• Walk/bike-ability to campus

• Winter weather impact on commuting

Cost of Living Beyond Rent

While rent is the biggest expense, consider these additional costs:

• Groceries (vary significantly by neighbourhood)

• Utilities (often not included in student housing)

• Internet and phone services

• Entertainment and dining out

• Transportation costs

Safety and Community

Research crime statistics and talk to current residents about:

• Well-lit streets and safe walking routes

• 24/7 businesses and activity levels

• Community resources and support

• Campus security presence

Academic and Social Opportunities

Different neighbourhoods offer varying levels of:

• Study spaces (libraries, cafes)

• Student community presence

• Networking opportunities

• Cultural and recreational activities

Money-Saving Tips for Students

Shared Housing Strategies

• Room-share with 2-3 other students to split costs

• Look for inclusive rent (utilities included)

• Consider basement apartments for lower costs

• Check university housing boards for verified listings

Neighbourhood-Specific Savings

• Shop at local markets in ethnic neighbourhoods

• Take advantage of student discounts at local businesses

• Use neighbourhood Facebook groups for deals and services

• Consider neighbourhoods with free community events

Transportation Guide for Students

TTC Monthly Pass Benefits

Students save significantly with monthly passes versus individual fares. The $156 monthly student pass pays for itself after about 50 trips.

Bike-Friendly Neighbourhoods

Toronto's bike lane network continues expanding. Consider cycling costs:

• One-time bike purchase: $200-500

• Annual maintenance: $100-200

• No monthly transit costs

• Excellent exercise and eco-friendly option

Walking-Friendly Options

Neighbourhoods within walking distance of campus eliminate transportation costs entirely, though rent may be higher. Calculate the trade-off between higher rent and transportation savings.

Best Resources for Finding Student Housing

University Resources

• Official university housing services

• Student union housing boards

• Campus Facebook groups and forums

• International student services

Hire an Agent

• Real estate agents specializing in student rentals

• No cost to renters (landlords pay agent fees)

• Access to exclusive listings not posted online

• Professional guidance through lease negotiations

• Particularly helpful for international students unfamiliar with Toronto's rental market

Local Community Resources

• Neighbourhood Facebook groups

• Local community centers

• Word-of-mouth through current students

• Coffee shop and campus bulletin boards

Seasonal Considerations for Housing Searches

Best Times to Search

• April-June: Peak selection for September move-ins

• December-January: Some deals as students graduate mid-year

• August: Last-minute options, potentially higher prices

Lease Timing

Most student housing follows academic calendars:

• 12 month leases starting in September

• Some summer sublet opportunities

• Consider year-round vs. academic year leases

Making Your Final Decision

Create a Comparison Chart

Rate each neighbourhood on:

• Commute time to campus (1-10)

• Total monthly costs (actual dollars)

• Safety rating (1-10)

• Social opportunities (1-10)

• Personal preferences (1-10)

Visit Before Committing

• Take the commute during rush hour

• Walk around the neighbourhood at different times

• Talk to current residents and students

• Check local amenities and services

Consider Your Study Style

• Need quiet spaces? Consider residential areas

• Thrive on energy? Choose vibrant, central locations

• Value community? Look for neighbourhoods with student populations

Finding Your Perfect Toronto Student Neighbourhood

Toronto's diverse neighbourhoods offer something for every student, from budget-conscious options to trendy downtown living near University of Toronto. The key is matching your priorities—whether that's proximity to campus, budget constraints, social opportunities, or community feel—with the right neighbourhood characteristics.

Start your search early, be prepared with necessary documentation, and don't hesitate to ask current students about their experiences. With proper planning and research, you'll find a Toronto neighbourhood that enhances your academic journey and creates lasting memories.

About Anne

Ready to start your housing search? Begin by visiting your university's housing resources  or connecting with a Toronto real estate agent.

As a licensed real estate professional specializing in Toronto student rental, I've helped hundreds of students find their perfect home across all of Toronto's best neighbourhoods. From budget-friendly options in Scarborough to luxury living in Bloor-Yorkville, I provide free guidance to help you navigate Toronto's rental market with confidence. My services include exclusive access to student-friendly properties, lease negotiation, and personalized neighbourhood recommendations based on your university, budget, and lifestyle preferences. Contact me today for a free consultation and let me help you find your ideal student home in Toronto. Get personalized housing recommendations →