Topic

Toronto Condos: Buying, Selling and the Market

What makes a good condo, and what the Toronto condo market is doing.

A good Toronto condo is decided by things that never show up in the listing photos: a layout people can actually live in, a fair maintenance fee, a healthy reserve fund, and whether the unit is vacant or tenanted. Moe Asgarian covers how to buy one, how to sell one, old versus new, and where the condo market stands.

Buying, Selling and the Condo Market

Frequently asked questions

What should I check before buying a condo in Toronto?

Read the status certificate with your lawyer before you firm up. It shows the reserve fund, any special assessment on the way and any lawsuit against the building. Then look at the maintenance fee against the size of the unit, the layout, and whether parking and a locker are included.

Is an older condo or a new one the better buy?

Older buildings usually give you more space and a more practical layout for the money, with higher fees and more upkeep. Newer ones give you modern finishes and amenities in a smaller footprint. The right answer depends on whether you are going to live in it or rent it out.

How do I sell a condo when the market is slow?

Price it to the sales of the last few weeks in your own building, not to what a neighbour hoped for last year. Show it empty or properly staged, fix the small things a buyer will notice in the first minute, and make it easy to book a showing. Units that get those right still sell.

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