The Toronto Livings guide
Multi-million dollar condos in Toronto.
Full-floor suites, penthouses and private residences in the city’s best buildings, and how to buy at the top of the market with confidence.
What they are
Toronto’s top tier of condos.
Multi-million dollar condos sit at the top of Toronto’s condo market. They are less about the number of bedrooms and more about the building, the floor and the outlook: full-floor and half-floor suites, penthouses, and private residences in hotel-branded and boutique buildings.
The market is concentrated in a few places, led by Yorkville, with more along the waterfront, in the downtown core and in the low-rise buildings of Rosedale and Forest Hill. Supply is limited, and a meaningful share of sales happen quietly, through agents who know which owners are open to an offer.
These homes suit buyers who want the space of a house with the security, service and ease of a condo, whether as a main home or a city residence. Who they may not suit: buyers who want a private garden, who are uneasy with condo rules and board decisions, or who want low monthly fees.
For sale now
Multi-million dollar condos for sale.
The highest-priced condos on the market across the city, updated daily.
Listing data from PropTx MLS®, deemed reliable but not guaranteed.
What to expect
What sets them apart.
Space and layout
Full-floor and half-floor plans, ceilings well above the standard suite and rooms sized like a house.
Privacy
Private or semi-private elevators, few suites per floor and discreet entrances.
Service
Concierge and, in many buildings, valet and hotel-style services, so the home runs smoothly when you’re away.
Outdoor space
Large terraces with room to sit and dine, and views that are hard to build out.
Finishes
Custom millwork and chef’s kitchens, and in new buildings the chance to finish a suite to your own plans.
Parking and storage
More than one parking space and generous storage, which can matter more than an extra room at this level.
Where to find them
The neighbourhoods to look in.
Toronto’s most expensive condos cluster where the city’s best addresses meet its best views.
Buying advice
What to know before you buy.
At this level, small details make a big difference to value, and the best opportunities aren’t always listed. These are the questions we work through with every buyer.
The building matters as much as the suite
The building’s reputation, management and mix of owners shape how a suite holds value. We look at how similar suites in the building have sold, and how long they took.
Condo fees and the reserve fund
Fees are often high in full-service buildings. Read the status certificate and the reserve fund study, and ask what major projects are coming.
Views and what’s planned nearby
A view is part of what you’re paying for. We check development applications around the building before you make an offer.
Land transfer tax
Toronto buyers pay both the Ontario and the Toronto land transfer tax, and both rise in steps at higher prices. Check the total before you set your budget.
Off-market opportunities
Some owners would rather sell quietly. Working with an agent who knows the buildings can open doors to suites that never appear online.
Viewing checklist
- Compare recent sales in the same building
- Confirm the number of suites per floor and elevator access
- Ask what’s included: parking, lockers and any exclusive-use areas
- Review the status certificate and reserve fund study
- Look up development applications nearby
- Check the rules on renovations, rentals and pets
Further reading
More on luxury real estate.
FAQ
Common questions.
What counts as a multi-million dollar condo in Toronto?
There’s no official line. In practice it means suites at the very top of the condo market: full-floor and half-floor residences, penthouses and large suites in the city’s best buildings. The building, floor, view and outdoor space drive the price as much as size.
Where are most luxury condos in Toronto?
Yorkville has the largest concentration, followed by the waterfront, the downtown core, Rosedale and Forest Hill.
Are there off-market luxury condos?
Yes. Some owners prefer a quiet sale, especially for penthouses and full-floor suites. Join our private list and we’ll tell you about suites that match what you’re looking for.
Are condo fees higher in luxury buildings?
Usually. Fees follow suite size and the level of service, so concierge, valet and amenities add to the cost. The status certificate shows what the fees cover and how healthy the reserve fund is.
Do luxury condos hold their value?
Well-located suites in buildings with a strong reputation have tended to hold their appeal better than the wider condo market. Features the floors below can’t copy, such as a full floor, a large terrace or a protected view, matter most.
Is the land transfer tax higher on a luxury condo?
Yes. In Toronto you pay both the provincial and the municipal land transfer tax, and both rise in steps as the price goes up. Our luxury land transfer tax calculator shows the total.
Talk to a specialist
Looking at luxury condos?
Mark handles our luxury condo buyers and sellers. A short, confidential call, no pressure.
