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Window Condensation

Condo Window Condensation in Toronto Winters

By Advice For Buyers, Advice For Sellers, Toronto

Every winter, condo owners across Toronto notice the same thing: moisture forming on the inside of their windows. Sometimes it’s a light film. Other times it’s beads of water collecting along the frame or pooling at the corners.

The immediate reaction is often concern — are the windows failing, is there a building issue, or is something wrong with the unit? In reality, winter window condensation is one of the most common cold-weather conditions in condos, and in many cases, it’s a predictable result of how modern buildings, windows, and indoor air behave during colder months.

Understanding what’s normal, what isn’t, and what you can control goes a long way in preventing damage and unnecessary stress.

What Causes Condensation on Condo Windows in Winter

Condensation occurs when warm, moisture-filled indoor air comes into contact with a cold surface. In winter, your window glass and frames are often the coldest surfaces in your unit. When humid air hits that cold surface, moisture drops out of the air and turns into water.

Condo buildings tend to amplify this effect for a few reasons:

  • Large expanses of glass are common in modern designs
  • Aluminum window frames conduct cold more readily than other materials
  • Condos are built to be relatively airtight, which limits natural moisture escape

The colder it gets outside, the colder the interior surface of the window becomes — increasing the likelihood of condensation forming.

Is Condensation on Condo Windows Normal?

In short: yes, some condensation in winter is normal.

Seeing moisture on windows during cold snaps does not automatically mean your windows are defective or that there’s a construction issue. In fact, newer and more energy-efficient buildings can experience condensation more frequently because they trap warm, humid air more effectively than older, draftier structures.

That said, there’s an important distinction between occasional condensation that clears and persistent moisture that lingers or worsens.

Why Some Condo Units Experience It More Than Others

Not all condo units experience condensation the same way. Several factors influence how much moisture shows up on windows:

  • Window orientation: North-facing units tend to have colder glass due to limited sun exposure
  • Floor level: Lower floors can be more sensitive to ventilation disruptions
  • Window type: Sliding windows often show condensation along tracks and frames
  • Air circulation: Units with restricted airflow see moisture accumulate faster

This is why it’s common to hear multiple owners in the same stack or orientation report similar issues.

Window Condensation
Window Condensation

The Role of Humidity — What Condo Owners Often Miss

Relative humidity is the single biggest driver of condensation in winter.

Many condo owners aim for a “comfortable” humidity level year-round, not realizing that acceptable indoor humidity must drop as outdoor temperatures fall. What feels comfortable at 0°C outside may be far too high during a -15°C cold snap.

As a general guideline, indoor humidity targets should drop as outdoor temperatures fall:

Outdoor TemperatureRecommended Indoor Humidity Range
Around 0°C35–45%
Around -10°C30–40%
Around -20°C15–30%

These ranges reflect typical condo window performance in winter and help reduce the risk of condensation forming on glass and frames.

Everyday Activities That Quietly Increase Condensation

Many of the biggest contributors to winter condensation are everyday activities that don’t feel excessive on their own. Long hot showers, frequent cooking, running laundry, or using a dryer all add moisture to the air. Humidifiers set a little too high and multiple houseplants — especially when placed near windows — can further increase localized humidity.

Even layout choices matter. Furniture, blinds, or curtains positioned tight to glass restrict warm air from circulating across window surfaces, allowing the glass to stay colder and encouraging moisture to form. Over time, these small contributors can combine to push indoor humidity past safe winter levels.

Ventilation Matters More Than Most Owners Realize

Ventilation plays a critical role in managing moisture.

Bathroom and kitchen exhaust fans aren’t just for odours — they remove humidity. In winter, fans often need to run much longer than expected. It can take hours after a shower for moisture levels to return to baseline.

Make-up air supplied through corridors also matters. That dry winter air helps flush moisture from your suite. Sealing suite doors or blocking airflow can unintentionally trap humidity inside.

When Condensation Becomes a Real Problem

Condensation deserves closer attention when it becomes persistent or starts causing secondary issues. Moisture that continues even after humidity has been reduced, regular pooling or dripping water, staining on frames or drywall, or recurring mold growth are all signs that something more than seasonal condensation may be happening.

Issues that worsen during ventilation outages or appear to affect finishes, window assemblies, or neighbouring units often point to air-balance or ventilation concerns rather than simple lifestyle-related moisture.

Practical Steps Condo Owners Can Take Right Now

The most effective approach is consistent, measured adjustment rather than drastic changes. Monitoring indoor humidity with a reliable hygrometer allows owners to respond as outdoor temperatures fluctuate. Using bathroom and kitchen exhaust fans during — and well after — moisture-producing activities helps remove humidity before it can settle on cold surfaces.

Keeping windows unobstructed, avoiding plants or furniture tight to glass, and opening blinds during the day allows warm air to circulate and encourages evaporation. When condensation does appear, wiping it away promptly helps prevent staining, deterioration, and mold growth.

When to Involve Property Management

Property management should be involved when condensation persists despite reasonable humidity control or begins to show patterns beyond a single unit. Issues that appear across multiple floors, stacks, or during known ventilation disruptions suggest a building-level concern rather than an isolated lifestyle issue.

Providing clear documentation — including timing, outdoor temperatures, humidity readings, and photos — helps management and HVAC professionals determine whether ventilation, air balance, or system performance requires attention.

What Condo Owners Should Take Away

Winter window condensation is common in Toronto condos, especially during prolonged cold weather. In most cases, it comes down to managing the balance between indoor humidity, temperature, and ventilation — not failing windows or poor construction.

Knowing what’s normal, adjusting habits as temperatures change, and acting early when moisture becomes persistent can help protect your unit, finishes, and long-term value.

If you’re actively thinking about buying, selling, or upgrading within the condo market, it’s also worth understanding how building performance, ventilation, and maintenance can differ from one property to the next.

Looking for your next place? Explore a few of the neighbourhoods we specialize in and see what’s available across Toronto — and if you have questions about how a building actually lives day-to-day, we’re always happy to talk it through.

7 Dale Ave

Top 10 Most Expensive Condo Sales in Toronto in 2025

By Advice For Buyers, Advice For Sellers, Luxury Real Estate

What These Sales Reveal About Toronto’s True Luxury Market

At the very top of Toronto’s condo market, averages stop being useful. What matters instead is scarcity, execution, and whether a property offers something genuinely difficult to replace. In 2025, ultra‑luxury condo sales were few, deliberate, and highly selective — but when the right product appeared, buyers still stepped forward.

This list captures the ten most expensive condo sales completed in Toronto in 2025. Together, they tell a clear story: price resistance existed, but pricing power remained intact for exceptional homes — particularly penthouses, large-format suites, and residences offering privacy, terraces, and concierge-driven living.

The Big Picture: Ultra‑Luxury Condos in 2025

While broader condo segments faced headwinds in 2025, the $6M+ tier operated by a different set of rules. In total, 12 condos traded for over $6 million during the year — a small number by volume, but telling in terms of where true demand still existed. Buyers were rarely stretching. Most were well-capitalized, patient, and highly specific. The result was a market that rewarded quality, not optimism.

A few themes quickly emerge:

• On average, these ultra‑luxury sales closed at approximately 95% of list price, reinforcing disciplined buyer behaviour.
• The average time on market was roughly two months, even at the very top end.
• The average annual property tax bill across this group was approximately $32,000, underscoring the carrying costs at this level.
• The bulk of sales occurred in Yorkville, with the remainder clustered in Rosedale‑adjacent locations.
• Penthouses and sub‑penthouses dominated the list, with outdoor space — terraces in particular — quietly driving value.
• Only one sale occurred outside the downtown core.

With that context, here’s how the top end of Toronto’s condo market actually traded in 2025. Prices shown reflect original list pricing.

The Top 10 Most Expensive Condo Sales of 2025

#1 – 7 Dale Ave PH3 — $14,000,000

Listed: $14,000,000
Size: Over 2,400 sq.ft. interior + expansive terraces
Layout: 3 bedrooms + den, 4 bathrooms
Parking: 3 spaces

7 Dale Ave
7 Dale Ave

This brand-new, never-lived-in penthouse at 7 Dale Avenue claimed the top spot for 2025 — and for good reason. Set above Rosedale’s private gardens and ravine system, this residence combined scale, elevation, and customization potential in one of Toronto’s most tightly held luxury pockets.

With direct elevator access, multiple terraces, and the ability for the buyer to select final finishes, the appeal wasn’t just luxury — it was control. Even at a discount from list, this sale reaffirmed that truly rare penthouses still define the ceiling of Toronto’s condo market.

7 Dale Ave
7 Dale Ave
7 Dale Ave
7 Dale Ave

Listed by: HAZELTON REAL ESTATE INC., BROKERAGE

#2 – 33 Jackes Ave #902 — $10,500,000

Listed: $10,500,000
Size: Approx. 4,482 sq.ft. interior + 1,255 sq.ft. terraces
Layout: 2 bedrooms + den, 4 bathrooms
Parking: 2 spaces (fits 3 cars)

33 Jackes Ave
33 Jackes Ave

Selling at full ask, this two-level penthouse at 33 Jackes Avenue showcased what happens when architectural pedigree, unobstructed views, and hotel-level service align. With four terraces, curated landscaping, skyline views, and valet service, the property functioned more like a private estate in the sky than a conventional condo.

For sellers, this was a reminder that when pricing is anchored to genuine uniqueness — not optimism — buyers will meet it.

33 Jackes Ave
33 Jackes Ave

Listed by: CHESTNUT PARK REAL ESTATE LIMITED

#3 – 200 Cumberland St #3403 — $8,499,000

Listed: $8,499,000
Size: Approx. 3,300 sq.ft.
Layout: 3 bedrooms + den, 4 bathrooms
Parking: 2 spaces

Located within Yorkville Private Estates, this southwest corner suite delivered volume, light, and flexibility — all traits buyers were prioritizing in 2025. Floor-to-ceiling windows, panoramic skyline views, and a traditional bedroom wing layout appealed to buyers looking to replicate single-family living without leaving the core.

The final sale price reflected negotiation discipline, but also confidence that premium space in Yorkville remains fundamentally desirable.

Listed by: CHESTNUT PARK REAL ESTATE LIMITED

#4 – 7 Dale Ave #207 — $8,250,000

Listed: $8,250,000
Size: Approx. 3,428 sq.ft. + terrace
Layout: 2 bedrooms, 3 bathrooms
Parking: 1 space

7 Dale Ave
7 Dale Ave

Another entry from 7 Dale Avenue, Suite 207 reinforced the building’s status as one of Toronto’s most refined boutique offerings. With interiors by Studio Munge, radiant heated floors, and a Crestron-integrated smart home system, this residence appealed to buyers focused on craftsmanship over sheer height.

This sale underscored a recurring theme in 2025: boutique luxury held its ground when execution was flawless.


Listed by:
ROYAL LEPAGE REAL ESTATE SERVICES OXLEY REAL ESTATE, BROKERAGE

#5 – 50 Yorkville Ave #4001 — $8,295,500

Listed: $8,295,500
Size: Approx. 2,874 sq.ft.
Layout: 2 bedrooms + den, 4 bathrooms
Parking: 3 spaces

Four Seasons Private Residences

Four Seasons Private Residences continue to define hotel-branded luxury in Toronto, and this northwest-facing suite delivered both scale and service. With private elevator access, marble finishes, and full access to five-star amenities, the appeal here was lifestyle certainty.

The spread between list and sale price also illustrated how even iconic buildings were not immune to negotiation in 2025.

The Four Seasons
The Four Seasons

Listed by: INTERCITY REALTY INC., BROKERAGE

#6 – 128 Hazelton Ave #801 — $8,325,000

Listed: $8,325,000
Size: Over 3,700 sq.ft. (two-storey)
Layout: 3 bedrooms, 4 bathrooms
Parking: 2 spaces

128 Hazelton Avenue
128 Hazelton Avenue

One of only 17 residences in the building — and the only two-storey suite — this sub-penthouse offered privacy, scale, and unobstructed park and skyline views. Boutique density, private elevators, and under-construction customization potential all played a role in attracting a buyer at this level.

128 Hazelton Avenue
128 Hazelton Avenue

Listed by: FOREST HILL REAL ESTATE INC., BROKERAGE

#7 – 50 Yorkville Ave #4403 — $8,499,000

Listed: $8,499,000
Size: Over 3,400 sq.ft.
Layout: 2 bedrooms + den, 3 bathrooms
Parking: 2 spaces

Four Seasons Private Residences
Four Seasons Private Residences

Another Four Seasons residence makes the list, reinforcing the building’s continued dominance at the top end. Dual private elevators, multiple terraces, and full hotel services appealed to buyers prioritizing turnkey luxury with minimal friction.

Four Seasons Private Residences
Four Seasons Private Residences

Listed by: HARVEY KALLES REAL ESTATE LTD., BROKERAGE

#8 – 118 Yorkville Ave #601 — $7,750,000

Listed: $7,750,000
Size: Over 5,200 sq.ft.
Layout: 4 bedrooms, 6 bathrooms
Parking: 6 spaces

The Hazelton Hotel
The Hazelton Hotel

Located within The Hazelton Hotel, this expansive residence functioned more like a private residence than a condo. Purpose-built for family living, the suite’s scale and access to five-star services made it one of the most functionally unique properties on the list.

The Hazelton Hotel
The Hazelton Hotel

Listed by: HAZELTON REAL ESTATE INC., BROKERAGE

#9 – 38 Avenue Rd #2302 — $6,495,000

Listed: $6,495,000
Size: Approx. 4,465 sq.ft.
Layout: 3 bedrooms, 5 bathrooms
Parking: 8 spaces

Prince Arthur
Prince Arthur

The only property on the list to sell above asking — and notably, a power of sale. This outcome highlighted how price positioning, combined with rarity and scale, can still generate competition even in cautious market conditions.

Listed by: SLAVENS & ASSOCIATES REAL ESTATE INC., BROKERAGE

#10 – 1 Strathgowan Ave PH02 — $6,995,000

Listed: $6,995,000
Size: Approx. 3,400 sq.ft. + 1,160 sq.ft. terraces
Layout: 3 bedrooms, 4 bathrooms
Parking: 2 spaces

The Winslow
The Winslow

The only sale outside the downtown core, this Lawrence Park penthouse stood out for its flexible layout and extraordinary outdoor space. With just two penthouses in the building, scarcity — not skyline — drove value here.

Listed by: ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM, BROKERAGE

Patterns That Defined the Top End in 2025

Across all ten sales, a few truths became impossible to ignore:

Buyers consistently paid for irreplaceability rather than hype, gravitating toward homes that offered something genuinely difficult to replicate. Large terraces and a sense of privacy mattered just as much as interior square footage, particularly for buyers replacing single-family homes. Hotel‑branded residences and ultra‑boutique buildings continued to dominate outcomes, reflecting a preference for service, discretion, and low density. Above all, pricing discipline proved decisive — well‑positioned listings moved efficiently, while aspirational pricing stalled, even at the very top end.

What This Means for Ultra‑Luxury Buyers

For buyers considering the $5M–$10M+ segment, 2025 reinforced that patience creates real leverage — not because prices collapsed, but because competition thinned. With fewer active buyers operating at this level, decision‑making became calmer and more deliberate, allowing well‑prepared purchasers to negotiate thoughtfully rather than react emotionally. The best opportunities weren’t necessarily cheap, but they offered strong relative value: exceptional homes, limited alternatives, and pricing that reflected today’s conditions rather than yesterday’s peak. For buyers who understood what truly mattered, value was high precisely because competition was lower.

Thinking About Buying or Selling at This Level?

If you’re curious about final sold prices or how these properties ultimately transacted, we’re always happy to share that context privately — just reach out.

Whether you’re quietly exploring opportunities or evaluating what your property could command in today’s market, ultra‑luxury decisions benefit from experience, discretion, and real pricing context.

Reach out to TorontoLivings for a confidential conversation about navigating the top end of Toronto’s condo market.

For Buyers Exploring Toronto’s Ultra‑Luxury Condo Market

If you’re considering a purchase at the very top end of Toronto’s condo market, we’ve built a dedicated resource that tracks the city’s most expensive condos, iconic buildings, and benchmark penthouse offerings — designed to help buyers understand where true value, scarcity, and long‑term prestige actually sit.

Explore our guide to Toronto’s most expensive condos

It’s a useful starting point if you’re narrowing your focus, comparing buildings, or simply trying to understand how the upper tier of the market really works before making your next move. Send us a message below, for a confidential conversation about navigating the top end of Toronto’s condo market!

Midtown Rental

Toronto Real Estate Over 45 Years: What the Long-Term Data Really Tells Us

By Advice For Buyers

Every market cycle produces its own headlines. Prices are up. Prices are down. Buyers are waiting. Sellers are hesitant. What often gets lost in the noise is perspective — and that’s exactly what long-term data provides.

The historic TRREB MLS System data, stretching back more than four decades, offers a rare opportunity to step back and see Toronto real estate the way it actually behaves over time: cyclical, uneven, occasionally emotional — but remarkably resilient. For buyers trying to time the market, this kind of context matters far more than any single year or rate announcement.

TRREB MLS System Sales and Average Price

Toronto Real Estate Has Always Moved in Cycles — Not Straight Lines

Looking back to the 1980s and early 1990s, it becomes clear that volatility is not a modern invention. Prices rose sharply in the late 1980s, peaked around 1989–1990, and then corrected through the early 1990s. What followed wasn’t a quick bounce, but a prolonged period of stagnation and slow recovery.

For buyers at the time, this was uncomfortable. But zooming out, that cycle didn’t derail the long-term trajectory. It reinforced a recurring pattern: Toronto real estate doesn’t move in straight lines. It advances in waves, with pauses that feel dramatic in the moment but look measured in hindsight.

The key takeaway for today’s buyers is simple — waiting for a perfectly smooth entry point has never been realistic. The market has always rewarded patience and planning more than precision timing.

Sales Volume Tells the Story Buyers Often Ignore

Prices tend to get all the attention, but sales volume often provides the more useful signal. Over the last 45 years, Toronto has seen periods where transaction counts fell meaningfully, even while prices held relatively steady — and vice versa.

Historically, lower sales years were not signals of collapse. More often, they reflected hesitation. Buyers and sellers stepped back, reassessed, and waited for clarity. Those quieter periods frequently created conditions where prepared buyers had more choice, less competition, and greater negotiating leverage.

In other words, lower activity has often preceded opportunity — not decline.

Price Growth Was Uneven — and That’s the Point

One of the most striking insights from the long-term data is how uneven price growth actually is. There are extended stretches where average prices moved sideways or rose modestly, followed by shorter bursts of rapid appreciation.

Those flat years are easy to dismiss in real time. They feel frustrating. But historically, they’ve played a crucial role in resetting expectations and allowing income growth, population growth, and affordability dynamics to catch up.

For buyers trying to time the market, this matters. The most stable entry points often occurred during periods that felt boring — not during moments of optimism or urgency.

River City 3
River City 3

2008–2009: A Real Stress Test for Toronto Real Estate

The global financial crisis remains one of the most instructive stress tests in Toronto’s modern housing history. Sales volumes declined meaningfully, reflecting uncertainty and caution. Prices softened — but did not collapse.

What followed was equally important. The recovery was not instantaneous, but it was steady. Within a few years, prices had regained momentum, and transaction volumes normalized.

For buyers watching today’s market, this period reinforces an important lesson: even during global disruptions, Toronto real estate has shown an ability to stabilize and recover without long-term structural damage.

The Pandemic Era in Proper Context (2020–2025)

Recent price growth can feel extreme when viewed in isolation. But when placed against 45 years of data, the pandemic-era surge looks less like an anomaly and more like an accelerated cycle.

Sales volumes swung sharply during this period, reflecting both urgency and hesitation at different moments. Prices rose quickly, then pulled back as affordability constraints and higher borrowing costs set in — particularly as policy rates rose under the guidance of the Bank of Canada.

For buyers today, anchoring decisions to peak pricing years can be misleading. Long-term data suggests that pullbacks are part of normalization — not signals that the underlying market has fundamentally changed.

What 45 Years of Data Says About “Waiting It Out”

Many buyers believe the safest strategy is to wait until conditions feel perfect. Historically, that moment rarely arrives.

Looking across multiple downturns, buyers who waited for maximum clarity often faced higher prices by the time confidence returned. Those who entered during periods of uncertainty — with conservative assumptions and long-term plans — tended to benefit from both pricing stability and future growth.

This is why our advice has always been less about predicting the market and more about personal readiness. Buying when you have strong job security, predictable income, and confidence in your monthly payments has consistently mattered more than buying at the absolute bottom.

Markets move in cycles. Careers, incomes, and life stages do too. When those align — and the numbers work comfortably — history suggests that waiting for perfect headlines often introduces more risk than moving forward thoughtfully.

The real risk isn’t just market risk. It’s time risk — the cost of delaying decisions while prices, rents, and competition evolve.

TRREB MLS System Sales and Average Price
TRREB MLS System Sales and Average Price

How We Use This History When Advising Buyers Today

Having worked through multiple market cycles, we’ve seen firsthand how perspective changes strategy. Rather than trying to predict short-term movements, we focus on helping buyers understand where today fits within a longer arc.

That means prioritizing quality over timing, stress-testing affordability rather than chasing peaks, and recognizing that uncertainty often creates the best negotiating conditions.

History doesn’t tell us exactly what will happen next — but it does tell us how Toronto real estate tends to behave over time. And that perspective has consistently helped buyers make calmer, more confident decisions.

The Market Rewards Perspective, Not Predictions

Forty-five years of data tells a clear story. Toronto real estate has moved through booms, slowdowns, corrections, and recoveries — and yet the long-term trend remains intact.

For buyers trying to time the market, the real advantage comes from understanding cycles, not predicting headlines. Perspective, preparation, and patience have consistently mattered more than perfect timing.

If you’re thinking about buying and unsure how today’s market fits into the bigger picture, let’s talk. Understanding where we are in the cycle — and whether the move makes sense for you — can make all the difference.

Want to stay grounded as conditions change? Our monthly Toronto real estate market report breaks down what’s happening right now — sales, pricing, inventory, and momentum!

Toronto Skyline

2025 Wasn’t the Year of the Condo — But It Quietly Set the Stage for What Comes Next

By Advice For Buyers, Advice For Sellers

The Condo Year That Forced Real Decisions

If 2025 had a defining theme for downtown Toronto condos, it was realism.

This wasn’t a year where demand vanished — it was a year where buyers slowed down, sellers were tested, and the market stopped rewarding shortcuts. Inventory stayed elevated, financing costs stayed restrictive, and condos were the first segment to fully feel both pressures at once. What emerged wasn’t panic or paralysis, but a market that demanded accuracy.

For anyone paying attention, 2025 quietly reset expectations — and in doing so, laid important groundwork for what comes next.

Inventory Took Control of the Conversation

Throughout 2025, active condo listings remained structurally high. Even during the spring, when sales typically surge, inventory continued to build. That meant buyers weren’t just choosing between a handful of options — they were comparing dozens of similar units, often within the same building.

More listings didn’t translate into more urgency. Instead, they created hesitation, comparison shopping, and leverage. Visibility no longer guaranteed momentum; pricing accuracy did.

King Toronto Residences | BIG
King Toronto Residences | BIG

Sales Volume Was Selective, Not Stalled

On paper, condo apartment sales averaged roughly 908 transactions per month in 2025, down from the 2024 average of 1032 per month. Spring and early summer posted the strongest numbers, while late summer and year-end cooled noticeably.

But those averages mask what was really happening downtown. Sales clustered around correctly priced units with strong layouts, while investor-heavy product lagged behind. Buyers showed up, but only when the numbers made sense.

This was a market where demand existed — it just refused to overpay.

Condo sales continued throughout the year, but they weren’t evenly distributed. Well-located, livable units still attracted attention, while investor-heavy product often sat longer than expected.

This created the impression of an active market on paper but a cautious one on the ground. Buyers showed up informed, patient, and selective. They waited for price adjustments, tracked relists, and rarely felt pressured to act quickly.

In many ways, 2025 separated genuine end-user demand from speculative momentum — especially downtown.

Pricing Reality: The Slow Grind Lower

Condo prices didn’t collapse in 2025, but they softened steadily.

The average condo apartment price hovered around $698,000 for the year, drifting lower on a year-over-year basis in nearly every month. By late 2025, average prices were roughly 5–8% below the same period a year earlier, depending on the month.

Month-to-month changes were modest — often a few thousand dollars at a time — but the cumulative effect mattered. Sellers who chased the market down through multiple price reductions often ended up selling for less than those who priced realistically from day one.

For buyers, this slow grind lower shifted psychology. Instead of rushing, many waited for confirmation — and often got it. What we found most interesting was the months between August and November. Prices started trending up each month, from an average price of $667,660 to ending in November at $701,259.

Days on Market Became the Silent Negotiator

Time became one of the most important metrics in the condo market.

Average days on market climbed into the mid‑40s over the year, and stretched further toward year-end. By December, average DOM reached roughly 65 days, a stark contrast to the fast-moving condo market of prior years.

Longer listing histories gave buyers confidence to negotiate. Offers became more conditional, price discussions more direct, and relists more common. In a market once defined by speed, patience became leverage.

One of the clearest shifts in 2025 was the role of time.

Rising days on market gave buyers leverage without confrontation. Longer listing histories invited questions, encouraged conditional offers, and opened the door to meaningful negotiations. In a downtown condo market once defined by speed, time became the most powerful bargaining tool.

Listings that lingered weren’t necessarily flawed — but they were rarely immune to price discussions.

Mortgage Rates Changed Behaviour, Not Demand

The Bank of Canada’s interest rate environment shaped nearly every condo decision in 2025.

Lower borrowing costs didn’t add a ton of buyers — but it did change the math. Monthly payments became the focal point, especially for condos where affordability is closely scrutinized. Even small rate changes translated into meaningful differences in purchasing power.

What stood out was timing. Rate drops during the year often coincided with short-lived boosts in showing activity, but they didn’t translate into sustained urgency.

Toronto Condo
Toronto Condo

Where Downtown Condos Struggled Most

Small Investor Units and Micro Layouts

Studios and small one-bedroom units faced the toughest conditions. Carrying costs remained high, rental growth was uneven, and assignment competition lingered. Buyers demanded discounts, and many sellers were forced to confront numbers that no longer worked the way they once did.

Investor-Heavy Buildings

Buildings with large volumes of similar units struggled to stand out. With multiple near-identical listings competing at once, pricing transparency worked against sellers. Buyers knew exactly where leverage existed — and used it.

Return to Office: The Quiet Variable

One of the most underappreciated shifts in 2025 showed up in the rental numbers.

As downtown office attendance improved, rental absorption strengthened — particularly in the second half of the year. Condo apartments that struggled to lease earlier in 2025 began filling more consistently, especially near transit, and the downtown core.

This mattered for investors. While prices and rates kept many on the sidelines, improving rental stability helped re-anchor long-term projections.

Where Buyers Found Opportunity

For buyers willing to think beyond headlines, 2025 offered rare leverage.

Larger three-bedroom units, functional two-bedrooms, and end-user-oriented buildings became negotiable in ways that would have been unthinkable a few years earlier. Conditions, price reductions, and flexibility all re-entered the equation.

What Condo Sellers Learned the Hard Way

Pricing accuracy mattered more than marketing.

In 2025, sellers who priced strategically often sold. Those who tested the market frequently ended up adjusting — sometimes multiple times. Condition, layout, and presentation regained importance, and patience without a plan proved costly.

Why Investors May Re-Enter — Carefully

While 2025 wasn’t the year of the investor, it wasn’t the end either.

With rental absorption improving downtown and borrowing expectations beginning to stabilize, long-term investors started watching again. Not broadly — selectively. Units with strong fundamentals, livable layouts, and sustainable numbers drew quiet interest.

The speculative investor faded. The patient one began running the numbers again. We expect to see more of this with a return to office for many who work in the downtown core.

Rooftop pool at Bisha Hotel & Residences
Rooftop pool at Bisha Hotel & Residences

Looking Ahead to 2026

As 2025 closed, the downtown condo market felt more balanced — not tight, but clearer.

Inventory remains elevated, but expectations are better aligned. Buyers understand value. Sellers understand leverage. Investors understand risk. That clarity may prove to be 2025’s most important legacy.

Thinking About Buying or Selling a Downtown Condo?

Whether you’re weighing a purchase, planning a sale, or simply trying to understand where downtown condos are headed next, clarity matters more than ever.

We spend every day helping buyers and sellers navigate Toronto’s condo market with real data, real context, and honest advice — not pressure. If you’d like a second opinion on pricing, timing, or strategy as we move into 2026, we’re always happy to talk.

Send us a message below to discuss your next move — even if you’re just exploring your options!

Toronto Skyline

Toronto Real Estate Market 2025 Year-End Review & Outlook

By Advice For Buyers, Advice For Sellers, Toronto

If 2024 was about uncertainty, 2025 was about adjustment.

The defining force this year wasn’t disappearing demand — it was inventory overwhelming the market’s ability to absorb it. Toronto averaged 25,548 active listings throughout 2025, a level that consistently exceeded what buyer demand could comfortably clear. Supply peaked mid-year at 31,603 active listings in June, then remained elevated through most of the fall before finally compressing into December.

Sales activity followed a familiar seasonal arc, averaging 5,228 sales per month, but that demand was spread thin across a much larger pool of listings. On paper, the market looked active. On the ground, it felt selective.

Buyers had options. Time. Leverage. Sellers could still transact — but only when expectations were realistic from the outset. This wasn’t a crash. It wasn’t a rebound either. It was a prolonged re-pricing environment, where leverage steadily and decisively shifted toward buyers.

Sales & Demand: Present, But Highly Filtered

Sales volumes showed resilience through the middle of the year. Monthly sales climbed from 3,847 in January to a peak stretch above 6,100 sales between May and July, confirming that buyers were not sitting on the sidelines entirely.

But that demand was fragile.

By December, sales slipped back to 3,697, nearly identical to January levels, despite clearer pricing, more transparency, and softer expectations. That bookend tells the real story of 2025: demand existed, but urgency never fully returned.

Where buyers did act decisively, three patterns stood out:

• Homes priced directly in line with recent comparable sales
• Listings that were clearly superior to competing inventory
• Properties positioned as good value, not best-case scenarios

Homes that missed those marks didn’t just sell later — they often sold for less, after extended exposure and multiple price reductions.

Inventory & Supply: The Dominant Force of 2025

If there was a single variable that shaped behaviour this year, it was supply.

New listings averaged 15,469 per month, with spring inflows particularly heavy. April through June alone added nearly 60,000 new listings to the market. Even as sales improved seasonally, absorption never caught up.

The impact compounded over time. Active listings rose from 17,157 in January to over 30,000 by May, fundamentally changing buyer psychology. And even when new listings slowed sharply — falling to just 5,299 in December — buyers were still choosing from 17,005 active listings.

That’s not scarcity by any definition.

As a result, buyers compared more homes before committing, conditional offers became routine again, and sellers lost the ability to rely on urgency or fear of missing out. Inventory didn’t need to keep rising forever to reshape the market. It simply needed to stay elevated long enough for psychology to change — which it did.

Pricing & Value: Softening, With Clear Winners and Losers

The average Toronto sale price in 2025 landed around $1.065M, but that headline number hides meaningful divergence beneath the surface.

Prices peaked in late spring, then softened steadily through the second half of the year, tracking directly with elevated inventory and rising buyer selectivity. Average Days on Market climbed from 38 days in Q2 to 57 days by Q4, reinforcing how patience — not urgency — defined buyer behaviour by year-end.

Well-priced homes often sold within their first listing window. Overpriced listings typically required multiple reductions. Final sale prices increasingly drifted away from original list prices.

By Q4, buyers weren’t negotiating off asking prices — they were negotiating off perceived value, often pointing to better alternatives still sitting on the market.

The Well Toronto
The Well Toronto

2025 by Housing Segment: Four Markets, One Theme

Detached Homes

Detached homes were the most resilient segment in 2025, but not immune.

Sales volumes held up better here than in other segments, particularly in established neighbourhoods where land value, schools, and long-term scarcity continued to support demand. Even so, elevated supply capped pricing momentum. Many detached listings required sharper initial pricing to generate traction.

Buyers were qualified, deliberate, and far less emotional than in past cycles. Overpriced detached homes frequently sat through multiple listing periods, while realistically priced homes attracted steady — if unspectacular — interest.

Semi-Detached Homes

Semi-detached homes felt affordability pressure more directly.

As a traditional step-up option, this segment was highly sensitive to interest-rate psychology. Demand existed, but buyers had more choice than usual, and that softened competition.

Well-presented semis in strong neighbourhoods continued to sell, but rarely with the multiple-offer dynamics sellers had come to expect. Pricing accuracy mattered enormously, making this segment a clear barometer of buyer confidence.

Townhouses

Townhouses experienced one of the more noticeable shifts in 2025.

Inventory growth, particularly in newer and suburban-adjacent projects, increased competition and reduced urgency. Buyers weighed townhouses more carefully against condos and smaller detached options, prioritizing layout, fees, and long-term livability.

Well-priced freehold townhouses performed reasonably well. Those that lacked differentiation or sat awkwardly between price points often struggled.

Condos

Condos were the most challenged segment of 2025.

Elevated supply, especially among one-bedroom and investor-oriented units, weighed heavily on pricing and absorption. Buyers had ample choice and often adopted a wait-and-see posture, particularly in buildings with high listing concentration.

While unique, well-located, or larger units still sold, competition was fierce and pricing pressure persistent. By year-end, condos increasingly led the market’s re-pricing rather than following it.

What This Meant for Buyers

For buyers, 2025 delivered something Toronto rarely offers: choice without chaos.

Elevated inventory created real leverage, particularly on listings that had been on the market 30 days or longer. Disciplined buyers were often rewarded with price reductions, seller concessions, and time to conduct proper due diligence.

That said, decisiveness still mattered. Homes that were clearly priced right — especially in strong neighbourhoods or turnkey condition — continued to attract competition.

The opportunity wasn’t universal leverage. It was selective leverage.

What This Meant for Sellers

For sellers, 2025 was a year where strategy mattered more than timing.

Listings that launched aligned with market reality often sold efficiently, even in a high-inventory environment. Those that chased aspirational pricing frequently became stale and paid for it later.

The data reinforced a difficult but consistent truth: waiting for the market to “come back” was rarely rewarded.

Carrying costs, competition, and buyer fatigue often outweighed the benefit of holding out, particularly in the second half of the year. Sellers who succeeded treated pricing as a proactive decision, not a fallback plan.

Short-Term Outlook Heading Into 2026

As the market moves into 2026, inventory remains the variable to watch.

New listings have slowed seasonally, but active supply is still high enough to keep buyers cautious and selective. Interest-rate sentiment may improve, but affordability constraints haven’t disappeared.

The most likely near-term scenario is continued sorting: well-priced homes transact, misaligned ones adjust, and leverage remains situational rather than universal.

Thinking About Buying or Selling in 2026?

Markets like this reward strategy, not guesswork.

If you’re planning to buy or sell in 2026 and want clarity around pricing, timing, and leverage, we’re happy to help you think it through. Whether that means stress-testing a sale price, identifying real buying opportunities, or simply understanding how current conditions affect your plans, our role is to give you clear, grounded advice—before you make any big decisions. Get in touch with us by sending a message below!

The Best Toronto High Schools in 2025 — And What That Means for Home Buyers

By Advice For Buyers

Choosing the right neighbourhood in Toronto has always been about trade-offs — house versus location, commute versus lifestyle, budget versus long-term upside. For families, though, one factor consistently rises to the top: schools.

Each year, we see buyers reorganize their entire home search around secondary school catchments, often years before their children will actually attend. The reason is simple: strong schools don’t just shape education outcomes — they shape demand, pricing, and resale stability.

Using the Fraser Institute’s 2025 Report Card on Ontario’s Secondary Schools, this guide breaks down the best-ranked Toronto high schools, where they’re located, and what their performance means if you’re buying a home in the city.

Malvern School

Why School Rankings Matter More Than Ever for Toronto Home Buyers

In competitive markets, school quality acts as a price floor. Even during slower real estate cycles, neighbourhoods anchored by top-performing schools tend to see:

  • more consistent buyer demand
  • faster absorption when listings hit the market
  • less volatility during broader market corrections

We see this play out repeatedly in Toronto. Families will compromise on square footage, renovation level, or even transit access — but they rarely compromise on schools once that priority is set. And because catchments are finite, timing becomes everything.

How the Fraser Institute Ranks Ontario High Schools

The Fraser Institute’s rankings are based on a school’s Overall Rating out of 10, which is derived primarily from province-wide EQAO data. In plain terms, the rating reflects:

  • Grade 9 mathematics performance
  • Ontario Secondary School Literacy Test (OSSLT) results
  • consistency of outcomes across student groups

For this article, we’ve used only the 2023/2024 Overall Rating and filtered strictly to Toronto-based secondary schools. Five-year averages and trend indicators were intentionally excluded to keep this a clean snapshot of current performance.

Important context: rankings are a starting point — not a verdict. They don’t measure arts programs, school culture, or student fit. But from a buyer’s perspective, they remain one of the clearest indicators of where long-term demand concentrates.

The Best Toronto High Schools in 2025 (Fraser Institute Rankings)

Below are the top-ranked Toronto secondary schools, sorted strictly by their 2023/2024 Overall Rating. Ties are preserved exactly as published.

St. Michael’s Choir School
St. Michael’s Choir School

St. Michael’s Choir School — Overall Rating: 10.0

Neighbourhood: Downtown / Church–Wellesley

Consistently ranked among the very best in the province, St. Michael’s Choir School is a specialized institution with elite academic outcomes. Its downtown location means families often face a different housing equation — condo living versus traditional family homes — but for many, the academic reputation outweighs the trade-offs.

From a real estate standpoint, proximity to specialty schools like this often sustains demand for larger downtown condos and townhomes that might otherwise see more fluctuation.

Ursula Franklin Academy — Overall Rating: 9.7

Neighbourhood: Seaton Village / Little Italy

Ursula Franklin Academy is a prime example of how alternative education models can still deliver exceptional academic results. Its consistent ranking keeps Seaton Village and surrounding west-end pockets highly competitive.

We regularly see buyers here accept smaller homes or older housing stock simply to secure long-term access to this school environment.

Cardinal Carter Academy for the Arts — Overall Rating: 9.3

Neighbourhood: North York

Cardinal Carter challenges the assumption that only neighbourhood-based schools drive demand. As a specialty arts school with strong academics, it attracts families city-wide.

For buyers, this opens up flexibility: rather than overpaying in a specific catchment, families can sometimes buy more house in adjacent North York neighbourhoods while still accessing top-tier education.

Bloor Collegiate Institute — Overall Rating: 9.2

Neighbourhood: Bloor West Village / High Park North

Bloor CI anchors one of Toronto’s most walkable, family-oriented areas. Its academic performance reinforces long-term price stability throughout Bloor West Village and nearby streets.

Homes here rarely linger on the market, particularly those within easy walking distance of the school.

Leaside High School — Overall Rating: 9.1

Neighbourhood: Leaside

Leaside remains one of Toronto’s most school-driven neighbourhoods. The combination of strong academics, community feel, and housing stock keeps demand consistently high.

Buyers often face a clear decision here: renovate an older home or stretch for a turnkey option — either way, competition is the norm.

Lawrence Park Collegiate Institute — Overall Rating: 9.1

Neighbourhood: Lawrence Park

Few neighbourhoods demonstrate the connection between schools and pricing as clearly as Lawrence Park. LP CI’s long-standing academic reputation supports some of the city’s highest detached home values.

Families buying here are often thinking a decade ahead, not just about schooling, but about long-term generational value.

Malvern Collegiate Institute — Overall Rating: 9.1

Neighbourhood: Birch Cliff / Upper Beaches

Malvern offers a compelling east-end alternative. Strong academics combined with relative affordability (by Toronto standards) make this area especially attractive for families priced out of the city’s traditional school hubs.

This is one of the few pockets where buyers can still balance school quality with meaningful space.

Humberside Collegiate Institute — Overall Rating: 9.0

Neighbourhood: High Park / Bloor West

Humberside’s consistency reinforces demand throughout High Park and surrounding streets. Inventory here remains tight, and listings often attract multiple interested families within days.

Collège Français — Overall Rating: 9.0

Neighbourhood: Downtown Core

As a French-language public school, Collège Français draws families from across the city. Its presence helps support demand for downtown family-sized condos and townhomes, particularly among bilingual households.

York Mills Collegiate Institute — Overall Rating: 9.0

Neighbourhood: Hoggs Hollow / York Mills

Quiet, consistent, and often overlooked, York Mills CI anchors one of Toronto’s most stable luxury pockets. Low turnover and long-term ownership are defining features of this area.

Strong Performers Toronto Buyers Actively Target (Overall Rating 8.5–8.9)

Not every buyer needs — or wants — to compete for a 9.0+ catchment. In practice, many Toronto families deliberately target strong-performing schools just below the very top tier, where academic outcomes remain excellent but housing options can be more flexible.

These schools consistently come up in real-world buyer conversations, especially when balancing budget, space, and commute.

Earl Haig Secondary School — Overall Rating: 8.9

Neighbourhood: Willowdale East (North York)

Earl Haig is one of those schools that buyers bring up almost immediately when they’re looking in North York. Strong results, a well-known reputation, and a neighbourhood that offers everything from condo living to detached homes make it a practical (and popular) target.

From a real estate standpoint, the Willowdale East market tends to reward buyers who move early. Inventory can be seasonal, and the best family homes often draw attention fast.

A.Y. Jackson Secondary School — Overall Rating: 8.9

Neighbourhood: North York (Don Valley / Bayview Village-adjacent pocket)

A.Y. Jackson is a great example of a school that performs at a high level without requiring “top-tier catchment pricing” across every street. For buyers, that can translate into more options — especially if you’re open to different home styles (bungalows, side-splits, newer infill, or condo-townhome alternatives).

It’s a smart target for families who want strong academics and a straightforward commute into the core.

William Lyon Mackenzie Collegiate Institute — Overall Rating: 8.7

Neighbourhood: Bedford Park / Lawrence Manor / Allenby area

William Lyon Mackenzie is frequently on the shortlist for midtown buyers who want a balance of strong school performance and a family-friendly neighbourhood vibe.

Real estate-wise, this pocket can feel like a “best of both worlds” play: close enough to the core to keep lifestyle options wide open, but with more family housing stock than downtown. That said… when a good listing hits, buyers notice.

Riverdale Collegiate Institute — Overall Rating: 8.7

Neighbourhood: Riverdale

Riverdale CI consistently attracts families who want strong academics while staying connected to the east-end lifestyle — parks, walkability, and a community feel that’s hard to replicate.

From a buyer perspective, Riverdale can be competitive for a different reason: turnover is low. When the right home shows up, there’s often a line of families who have been waiting.

Richview Collegiate Institute — Overall Rating: 8.7

Neighbourhood: Etobicoke (Richview / Central Etobicoke)

Richview is a recurring “value versus location” conversation for buyers. Etobicoke gives families a bit more breathing room — often more space for the budget — while still keeping access to strong school performance.

If you’re comparing west-end Toronto versus central Etobicoke, Richview is one of the schools that can tip the scales for families who want a bigger home without leaving the city.

Bishop Allen Academy — Overall Rating: 8.7

Neighbourhood: Etobicoke (Islington / Bloor West-adjacent)

Bishop Allen is a strong option that often appeals to families prioritizing structure, community, and consistent academic performance — while also wanting quick access to subway lines and west-end amenities.

For buyers, the nearby housing mix (condos, townhomes, and detached options as you move outward) makes this a flexible target. It’s a good reminder that you don’t always have to choose between lifestyle and school strategy.

Why this tier matters for buyers

Neighbourhoods anchored by these schools often offer:

  • slightly more inventory depth
  • better value per square foot
  • less emotional bidding pressure compared to the 9.0+ tier

For many families, this range represents the best balance between academic confidence and long-term affordability.

What These Rankings Mean for Toronto Home Prices

Neighbourhoods tied to top-ranked schools behave differently in the market. Even when conditions soften:

  • sellers hold firmer on pricing
  • buyer demand rebounds faster
  • listings see fewer failed offer dates

In many cases, waiting for “better timing” simply means paying more later once competition returns.

Important Caveats for Parents Using School Rankings

Rankings don’t capture everything. They don’t measure:

  • arts or athletics depth
  • student support culture
  • individual learning styles

Catchment boundaries can also change, and enrolment caps can affect access. This is why we always recommend verifying school eligibility before finalizing a purchase.

Buying a Home With School Catchments in Mind — Our Advice

The most successful school-focused buyers start planning earlier than they think they need to. Understanding neighbourhood supply, future boundary risks, and realistic budget trade-offs can make the difference between settling — and securing the right fit.

Final Thoughts

Great schools shape more than education — they shape neighbourhoods, pricing, and long-term value. For families buying in Toronto, understanding where academic performance and real estate intersect is one of the smartest moves you can make.

If you’re considering a move and want to align your home search with school strategy, we’re always happy to help you think it through – contact us by sending us a note below!

Macpherson Church Lofts - 12 Macpherson Ave

Macpherson Church Lofts: History of 12 Macpherson Ave in Toronto

By Advice For Buyers, Church Lofts

A Church Loft That Feels More Like a Private Residence

There are church lofts in Toronto… and then there’s Macpherson Church Lofts.

Tucked quietly along Macpherson Avenue, just east of Yonge Street, this is one of those rare conversions that doesn’t announce itself. No signage. No concierge. No revolving door of listings. Instead, it reads more like a private residence that happens to sit inside a former church.

With only five homes carved into the original structure, Macpherson Church Lofts has always appealed to a very specific buyer — someone who values history, discretion, and architectural substance over amenities and scale.

Macpherson Church Lofts - 12 Macpherson Ave
Macpherson Church Lofts – 12 Macpherson Ave

The Original Church at 12 Macpherson Avenue

The building at 12 Macpherson Avenue was originally constructed in the early 20th century as a neighbourhood church, serving a growing Midtown Toronto community at a time when Yonge Street was still evolving from streetcar strip to urban spine.

Like many churches built during this era, the structure leaned heavily into traditional ecclesiastical design. Thick masonry walls, soaring interior volumes, arched window openings, and a sense of permanence were central to its design — elements meant to convey stability and community presence rather than efficiency.

As Toronto expanded north and demographic patterns shifted, many smaller urban congregations struggled to maintain aging buildings. What was once central to daily neighbourhood life slowly became underused — a familiar story across the city.

Condos for Sale at Macpherson Church Lofts | 12 Macpherson Ave

Fire, Decline, and a Turning Point

By the latter half of the 20th century, the church was no longer operating as an active parish. Then, in 1986, a significant fire damaged the interior of the building.

For many structures, this would have been the end of the story. But in this case, the exterior shell — including much of the defining masonry and architectural framework — survived. That survival proved critical.

Rather than demolition, the building entered a new phase: adaptive reuse. At a time when Toronto was just beginning to embrace loft living, particularly in former industrial and institutional spaces, 12 Macpherson presented a rare opportunity.

From Sanctuary to Five Loft Residences

The residential conversion was completed around 1990, transforming the former church into just five multi-level loft homes.

Instead of maximizing unit count, the conversion prioritized volume and individuality. Each residence was designed to feel substantial — more townhouse than condo — with layouts shaped by the original church geometry rather than standardized floorplates.

The result is a building where no two homes are alike, and where ownership feels deeply personal. It’s one of the reasons turnover here is exceptionally low.

Architectural Details That Still Tell the Story

What makes Macpherson Church Lofts endure isn’t just the fact that it was once a church — it’s how that history remains legible today.

Vaulted ceilings create dramatic vertical space rarely found in modern construction. Arched windows filter light in ways that change throughout the day. Original structural elements were retained and integrated, giving each home a sense of material honesty.

These aren’t decorative nods to the past. They’re functional, lived-in details that shape how the spaces feel and how owners use them.

And importantly, they’re details that simply can’t be replicated in new-build condos — no matter how luxury they claim to be.

Macpherson Church Lofts - 12 Macpherson Ave
Macpherson Church Lofts – 12 Macpherson Ave

A Quiet Pocket Between Summerhill and Yorkville

Location plays an outsized role in Macpherson Church Lofts’ appeal.

Macpherson Avenue itself is calm and residential, yet it sits just steps from Yonge Street and a short walk to both Summerhill and Yorkville. This puts owners within easy reach of some of Toronto’s best dining, shopping, and transit options — without living directly on a busy corridor.

For buyers familiar with Rosedale and Yorkville, this micro-location offers something increasingly rare: centrality without exposure.

Who Buys at Macpherson Church Lofts (And Why)

Over the years, a clear buyer profile has emerged.

Downsizers Who Refuse to Downsize Their Lifestyle

Many buyers come from large homes in Rosedale or Forest Hill. They’re looking to simplify — but not to compromise. The volume, privacy, and architectural presence here allow them to transition without feeling like they’ve traded down.

Rosedale and Yorkville Buyers Looking for Something Different

Others already live nearby but want a home that feels more expressive than a traditional condo. Macpherson offers familiarity of location with complete departure in form.

Pied-à-Terre Buyers

There’s also a quiet pied-à-terre audience. Buyers who want a Toronto base that feels residential, discreet, and deeply unique — not something interchangeable with every other luxury condo in the city.

Living at Macpherson Today

Homes at Macpherson Church Lofts rarely come to market. Owners tend to stay for years, if not decades, and listings are often tied to life-stage changes rather than market timing.

What residents value most isn’t a list of amenities — it’s the feeling of living somewhere that has meaning. Somewhere that couldn’t be recreated today.

Why Macpherson Church Lofts Still Matter

Toronto has no shortage of new condos. What it has very little of are buildings like this.

Macpherson Church Lofts represents a moment when the city chose preservation over replacement — and did it thoughtfully. Decades later, that decision continues to reward the people who live here.

For buyers drawn to character, history, and true architectural rarity, 12 Macpherson Avenue remains one of Toronto’s most quietly compelling addresses.

If you’re exploring church lofts in Toronto — or looking for opportunities that don’t always make it to the public market … the Toronto Livings team is happy to help. Send us a message below!

Forest Hill Home

Toronto Just Raised the Luxury Land Transfer Tax — Here’s What It Means for Buyers and Sellers

By Advice For Buyers, Advice For Sellers

Toronto City Council has officially approved another increase to the city’s luxury land transfer tax — a move that will directly impact high‑value home buyers and, indirectly, sellers navigating Toronto’s upper‑end market.

While the change won’t take effect immediately, it adds yet another layer of cost to buying luxury real estate in Toronto, a city that already has one of the most expensive closing‑cost environments in the country. Let’s break down what was approved, when it kicks in, and what it realistically means for buyers and sellers moving into 2026.

Toronto City Council Has Approved Another Luxury Land Transfer Tax Hike

Earlier this week, Toronto City Council voted to increase the municipal luxury land transfer tax on higher‑priced homes. The measure passed as part of the city’s broader effort to generate additional revenue without raising property taxes across the board.

It’s important to underline one key point right away: these new rates do not apply immediately. The updated luxury land transfer tax structure will take effect in April 2026, giving buyers, sellers, and developers a window to plan ahead.

Toronto already charges a municipal land transfer tax on top of Ontario’s provincial land transfer tax. This latest change applies only to the city portion — but at luxury price points, that distinction still translates into significant dollars.

How the New Luxury Land Transfer Tax Works (Graduated Rates Explained)

The approved increase applies to homes with purchase prices above $3 million and works on a graduated scale. That means different portions of the purchase price are taxed at different rates, rather than the entire value being taxed at a single flat rate.

Once implemented in April 2026, the new municipal luxury land transfer tax rates will be:

  • $3M to $4M: 4.40%
  • $4M to $5M: 5.45%
  • $5M to $10M: 6.5%
  • $10M to $20M: 7.55%
  • Over $20M: 8.6%

These figures represent increases of roughly 0.9 to 1.1 percentage points across the luxury brackets compared to the previous structure.

Shangri La
Shangri La

What This Actually Costs: Real‑World Luxury Home Examples

To put real numbers behind the policy change, below are illustrative before‑and‑after comparisons showing how the municipal luxury land transfer tax changes once the new rates take effect in April 2026. These examples are simplified for clarity and assume the same graduated structure before and after the increase.

Important note: These figures focus only on Toronto’s municipal land transfer tax, not the Ontario land transfer tax. Numbers are approximate and meant for planning conversations — not legal advice.

Buying a $3,500,000 Home in Toronto

Before April 2026 (previous luxury rates – approx.)

  • Estimated municipal LTT: ~$111,000

After April 2026 (new luxury rates)

  • Estimated municipal LTT: ~$138,000

Difference: ~$27,000 more in city land transfer tax

This is where the increase is felt most sharply. Buyers hovering just above $3M may rethink pricing, negotiate harder, or focus on properties that stay below the luxury threshold altogether.

Buying a $5,000,000 Home in Toronto

Before April 2026 (previous luxury rates – approx.)

  • Estimated municipal LTT: ~$200,000

After April 2026 (new luxury rates)

  • Estimated municipal LTT: ~$245,000

Difference: ~$45,000 more in city land transfer tax

At this level, buyers are typically more flexible — but a $40K–$50K jump in closing costs still factors into overall value discussions, renovation budgets, or comparisons with non‑Toronto options.

Buying a $10,000,000 Property in Toronto

Before April 2026 (previous luxury rates – approx.)

  • Estimated municipal LTT: ~$525,000

After April 2026 (new luxury rates)

  • Estimated municipal LTT: ~$650,000

Difference: ~$125,000 more in city land transfer tax

At the ultra‑luxury end, the tax increase is unlikely to derail a purchase — but it is no longer a rounding error. On eight‑figure deals, these changes meaningfully affect total acquisition costs and require more deliberate planning.

What This Means for Luxury Buyers — Now vs. After April 2026

Timing is going to matter more than ever.

Buyers who are actively searching now and able to close before April 2026 will avoid the increased rates altogether. As that date approaches, we expect to see more attention paid to closing timelines, especially for resale homes already trading near luxury thresholds.

For buyers planning purchases in 2026 and beyond, budgeting accuracy becomes critical. Closing costs in Toronto were already substantial — this change simply raises the stakes.

What This Means for Sellers Heading Into 2026

For sellers, the tax technically isn’t their bill — but it absolutely influences buyer behaviour.

Higher transaction costs can affect:

  • How aggressively buyers negotiate
  • How long buyers take to make decisions
  • Which price brackets see the most activity

Some sellers may choose to list earlier to capture buyers motivated to close before April 2026, while others may need to price more strategically to account for increased buyer costs.

Toronto vs. the 905: The Tax Gap Keeps Growing

One of the quiet side effects of this change is how much wider the gap becomes between Toronto and surrounding municipalities.

Buyers comparing Toronto to areas like Oakville, Vaughan, or Mississauga will once again notice that those markets do not charge a municipal land transfer tax. On luxury purchases, that difference alone can amount to six figures.

This doesn’t mean Toronto loses its appeal — but it does mean the decision calculus is shifting.

Oakville Home

The City’s Argument — And the Market’s Pushback

Supporters of the increase argue the tax targets a small segment of buyers who can afford to contribute more to city finances. From the City’s perspective, it’s a progressive approach that limits the impact on everyday homeowners.

Critics, including industry groups, counter that repeated transaction‑based taxes risk dampening market activity and making Toronto less competitive long‑term — especially at a time when buyers have more geographic flexibility than ever.

As with many policy decisions, the truth likely sits somewhere in the middle.

What Buyers and Sellers Should Be Thinking About Right Now

Whether you’re buying or selling in the luxury segment, planning ahead matters:

  • Understand how April 2026 changes your closing costs
  • Stress‑test your budget beyond the purchase price
  • Factor timing into your broader strategy

These aren’t reasons to rush or panic — but they are reasons to be informed.

Looking for a Luxury Home in Toronto?

Final Thoughts: Another Cost Layer in an Already Expensive City

Toronto remains one of the most desirable real estate markets in the country, but it’s also becoming one of the most complex from a cost standpoint.

The newly approved luxury land transfer tax hike, effective April 2026, adds another variable buyers and sellers need to account for. With the right planning and guidance, it’s manageable — but ignoring it isn’t an option.

If you’re considering a luxury purchase or sale and want to understand how these changes affect your specific situation, this is a conversation worth having sooner rather than later… send us a message below!

530 St. Clair

Pied-à-Terre in Toronto: Meaning, Use Cases, and Where Buyers Focus

By Advice For Buyers, Advice For Sellers

What Is a Pied-à-Terre?

A pied-à-terre is a small, secondary residence used on a part‑time basis rather than as a primary home. The term comes from France (literally meaning “foot on the ground”), and in Toronto real estate it almost always refers to a downtown condo owned by someone who lives elsewhere most of the time.

Think of it as a city base — a place to stay during the workweek, for cultural events, or for regular visits — without the commitment of full‑time urban living. In practice, Toronto pied‑à‑terres are typically studios or one‑bedroom condos in walkable, transit‑rich neighbourhoods with strong building management and concierge services.

Importantly, a pied‑à‑terre isn’t bought purely as an investment. It’s a lifestyle‑driven purchase first, with flexibility and long‑term value playing supporting roles.

Why Pied-à-Terres Fell Out of Favour — And Why They’re Back

During the height of COVID, Toronto experienced a very real shift. Remote work untethered many professionals from daily commutes, and a noticeable number of residents left the city for larger homes, quieter streets, or more space further afield. Downtown condos — the traditional home of the pied‑à‑terre — suddenly felt less essential.

Fast‑forward to today, and the story has shifted once again — quietly, but meaningfully.

1001 Roselawn Ave
1001 Roselawn Ave

Hybrid work is now the norm rather than the exception. Offices are busier mid‑week. Cultural life has fully returned. And many people who left Toronto didn’t lose their connection to the city — they just changed how they use it.

Instead of moving back full‑time, a growing number of buyers are opting for part‑time ownership. A pied‑à‑terre offers a practical middle ground: maintain a primary home outside the core while still having a reliable, comfortable place downtown.

Add in the fact that downtown condo prices have come down from their peak, and the timing suddenly makes sense. For many buyers, today’s market feels like a re‑entry point rather than a stretch.

Who Typically Buys a Pied-à-Terre in Toronto

While every buyer’s story is different, pied‑à‑terre owners in Toronto tend to fall into a few familiar profiles:

  • Professionals commuting into the city two or three days a week
  • Former Torontonians who moved out during COVID but still work, socialize, or invest time downtown
  • Suburban homeowners who want a downtown base for events, dining, or late nights
  • Snowbirds and international buyers splitting time between cities
  • Empty nesters who no longer need a full‑time city home but still want access

What they share isn’t a desire for more space — it’s a desire for convenience, predictability, and control over how they experience the city.

What Buyers Look for in a Toronto Pied-à-Terre

When a property is only used part‑time, priorities naturally shift.

Most pied‑à‑terre buyers focus on:

  • Location over size — walkability and transit matter more than square footage
  • Efficient layouts — every inch needs to work
  • 24‑hour concierge and security — peace of mind when you’re away
  • Low‑maintenance ownership — lock‑and‑leave convenience
  • Strong resale and rental demand — flexibility if plans change

Not every condo checks these boxes, even if the price looks right on paper.

How we help: We help buyers avoid buildings that look good online but don’t function well for part‑time living — from inefficient layouts to management issues that only show up after you own.

Where Buyers Focus: Toronto’s Most Popular Pied-à-Terre Neighbourhoods

While pied‑à‑terres can exist across the city, demand consistently clusters in a few key downtown areas.

Yorkville

Yorkville remains a top choice for buyers who value prestige, walkability, and transit access. Luxury buildings, strong concierge services, and proximity to Bloor Street make it especially appealing for executives and international owners.

King West & King East

For buyers who want to be close to tech, finance, dining, and nightlife, King West and King East continue to dominate. These neighbourhoods work particularly well for mid‑week living and short, frequent stays.

Financial District

This is the classic pied‑à‑terre market. Smaller, efficient condos used primarily during the workweek, with unmatched access to offices, transit, and PATH connections.

Entertainment District

Events, culture, restaurants, and transit converge here. Buyers drawn to sports, theatre, and downtown energy often gravitate to this pocket.

Yonge & Bloor

As a major transit hub with consistent resale demand, Yonge & Bloor offers flexibility. It’s especially popular with buyers who want easy access to multiple parts of the city.

Neighbourhood guidance: Choosing the right neighbourhood matters even more when you’re only here part‑time. We help match how you’ll use the city with where you’ll enjoy it most.

Below are some our favourite luxury buildings in the city, that often attract those looking for a pied-a-terre

Are Pied-à-Terres a Good Investment?

A pied‑à‑terre shouldn’t be viewed as a traditional income property. While some owners choose to rent their units long‑term, the real value lies in flexibility.

You’re buying:

  • A guaranteed place to stay
  • Freedom from hotels or short‑term rentals
  • A hedge against rising accommodation costs
  • Optional future rental or resale upside

With condo pricing more balanced than it was a few years ago, many buyers feel the risk‑reward equation has improved — especially if they already plan to use the unit regularly.

CTA — Honest advice: We’ll tell you when buying makes sense — and when renting or staying flexible is the smarter move. Not every situation calls for ownership.

A Smart Alternative: Medium‑Term Rentals

For some buyers, owning a pied‑à‑terre is the end goal. For others, it’s a step they’re not quite ready to take — and that’s where medium‑term rentals come in.

Medium‑term rentals (typically 1–6 months) have quietly become a strong alternative for people who:

  • Need a downtown base a few days a week
  • Are testing neighbourhoods before buying
  • Want flexibility without committing capital
  • Are returning to Toronto gradually post‑COVID

Unlike short‑term rentals, medium‑term options feel more like real homes. And unlike hotels, they offer consistency, privacy, and comfort — without long‑term ownership risk.

How this ties in: Many clients use a medium‑term rental as a bridge — re‑establishing a downtown routine first, then deciding whether a pied‑à‑terre makes sense longer term.

Final Thoughts: Toronto Isn’t an All‑or‑Nothing City Anymore

For many buyers, the pied‑à‑terre reflects how life actually works now — flexible schedules, hybrid work, and a desire to stay connected without over‑committing. As prices recalibrate and the city continues to hum back to life, part‑time ownership is becoming a very intentional choice.

How we can help: If you’re considering a pied‑à‑terre in Toronto, we can help you evaluate buildings, neighbourhoods, and options that actually suit part‑time living — and avoid the ones that don’t.

Whether you’re returning to the city or redefining how you use it, the goal is the same: buy smart, buy intentionally, and enjoy the flexibility that comes with it – send us a message below to get started today!

Arch Lofts

Church Lofts vs Hard Lofts in Toronto: What’s the Difference?

By Advice For Buyers, Church Lofts, Lofts

Why “Loft” Means Very Different Things in Toronto

In Toronto real estate, the word loft gets used a lot — and not always accurately. To some buyers, a loft simply means high ceilings and exposed brick. To others, it’s about history, character, and living in a space that clearly wasn’t designed as a condo from day one.

Two of the most commonly compared options are church loft conversions and hard loft conversions. On the surface, they can seem similar: both are adaptive reuse projects, both offer architectural character, and neither feels like a cookie‑cutter glass tower. But in practice, they deliver very different living experiences.

We see this play out with buyers all the time. Someone starts their search thinking they want “a loft,” only to realize later that which type of loft matters just as much as the neighbourhood or price point.

Let’s break down the real differences.

What Is a Church Loft Conversion?

A church loft conversion takes a former place of worship — often dating back 80 to 120 years — and reimagines it as residential space. In Toronto, these projects are usually boutique in scale, sometimes with fewer than 20 units total.

What draws buyers in is obvious the moment you walk inside: soaring vaulted ceilings, stone or brick walls, original wood trusses, arched windows, and in some cases, preserved stained glass. These are spaces that feel special.

That said, church lofts are also shaped by what already exists. Floor plates, ceiling heights, window placement, and structural elements are largely dictated by the original building. As a result, layouts tend to be more fixed and less flexible.

For a deeper look at specific buildings and conversions, see our guide to Church Loft Conversions in Toronto.

What Is a Hard Loft Conversion?

Hard lofts are created from former industrial buildings — factories, warehouses, manufacturing plants, and sometimes commercial bakeries or print shops. Most date back to the early-to-mid 20th century, particularly in neighbourhoods like Liberty Village, King West, Leslieville, and the Junction.

The defining features are industrial: exposed concrete, steel beams, brick walls, massive factory windows, and wide, open floor plans. Unlike church lofts, hard lofts were often large, rectangular spaces designed for efficiency — which translates well to residential living.

Hard lofts typically offer more layout flexibility and are easier to renovate over time. It’s not uncommon to see owners reconfigure bedrooms, kitchens, and workspaces as their needs evolve.

For a broader breakdown, explore our Toronto Hard & Soft Lofts Guide.

The Forest Hill Lofts
The Forest Hill Lofts

Church Lofts vs Hard Lofts: A Side‑by‑Side Comparison

FeatureChurch Loft ConversionHard Loft Conversion
Original UsePlace of worshipFactory / warehouse
Typical ScaleBoutique, low unit countMedium to large buildings
Ceiling HeightsExtremely high, often vaultedHigh but more uniform
Layout FlexibilityLimitedHigh
Architectural DetailsStained glass, stone, archesBrick, concrete, steel
Heritage RestrictionsCommon and often strictLess restrictive
Renovation FreedomLimited by structure & heritageGenerally more flexible
Condo FeesCan be higher due to building complexityOften more predictable
Buyer ProfileEmotion‑driven, long‑term ownersLifestyle‑focused, urban buyers
Resale PoolNiche but passionateBroader market appeal

Design & Architecture: Old‑World Grandeur vs Industrial Edge

Design is where the emotional split really happens.

Church lofts lean into history. They feel dramatic, almost gallery‑like, and there’s a sense of permanence to the architecture. Buyers who choose them often talk about the feeling the space gives them rather than pure functionality.

Hard lofts, by contrast, feel urban and practical. The beauty comes from raw materials and scale rather than ornamentation. Exposed concrete and brick create a backdrop that can adapt to different furniture styles, artwork, and renovations over time.

Neither is better — but they appeal to very different personalities.

Layout & Livability: Day‑to‑Day Reality

One of the biggest surprises for first‑time loft buyers is how differently these spaces live.

Church loft layouts are often vertical, with mezzanines or split levels. Bedrooms may overlook living areas, and privacy can be limited. Storage is sometimes creative rather than abundant. These homes reward buyers who value atmosphere over efficiency.

Hard lofts tend to be more forgiving. Larger floor plates make it easier to carve out proper bedrooms, home offices, and storage. Ceiling heights are still generous, but the overall space usually feels more balanced for daily living.

We often see buyers initially drawn to church lofts emotionally, then gravitate toward hard lofts once they start thinking about how they’ll actually use the space every day.

Heritage Designation & Renovation Limits (Toronto‑Specific)

Many church lofts in Toronto are heritage‑designated. While this protects the character of the building, it also limits what owners can change — especially when it comes to windows, exterior elements, and sometimes interior features tied to the original structure.

Hard lofts may also be heritage buildings, but restrictions are usually lighter and focused on exterior façades. Interior renovations are typically far more straightforward.

Before buying, it’s critical to understand what is and isn’t allowed. This is one area where due diligence can save buyers from frustration later.

Maintenance, Condo Fees & Ownership Reality

Church lofts often operate with smaller condo corporations and highly customized buildings. Roofs, stonework, specialty windows, and aging systems can all translate into higher maintenance costs or special assessments over time.

Hard loft buildings tend to have more standardized systems and larger reserve funds, simply due to scale. Fees are often easier to predict, though they can still vary widely depending on amenities and building condition.

Neither option is inherently risky — but expectations should be realistic.

Who Each Loft Type Is Best For

A Church Loft Might Be Right If…

  • You value architecture and history over layout efficiency
  • You want a truly one‑of‑a‑kind home
  • You’re buying for long‑term enjoyment, not frequent renovations
  • You’re comfortable with some design compromises

A Hard Loft Might Be Right If…

  • You want open‑concept living with flexibility
  • You plan to renovate or reconfigure over time
  • You prefer a more urban, industrial aesthetic
  • You want a broader resale audience down the road

Toronto FAQs: Church Lofts vs Hard Lofts

Are church lofts harder to resell?
They appeal to a narrower audience, but buyers who want them are usually highly motivated.

Do church lofts always have higher condo fees?
Not always, but unique building systems can increase costs over time.

Can I renovate a church loft unit?
Interior changes are often limited. Always review heritage restrictions first.

Which holds value better long‑term?
Both can perform well. Hard lofts tend to be more liquid; church lofts rely more on emotional demand.

Ready to Explore Loft Options in Toronto?

Drawn to character and history? Explore current church loft conversions for sale in Toronto and see what makes these homes truly unique.

Prefer flexibility and an industrial edge? Browse Toronto hard lofts for sale and compare layouts, neighbourhoods, and price points.

If you’re not sure which direction makes sense, that’s normal. The right choice often becomes clear once you walk a few buildings and experience the difference firsthand.