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Securing a great deal on a condo-apartment in Toronto during the spring 2025 market depends on knowing where to look. Different neighborhoods offer better negotiation opportunities, especially those where listings remain on the market longer or where sales activity is lower. Sellers may be more inclined to adjust prices or provide incentives to close these neighbourhoods.
Understanding these market dynamics can give you an advantage in finding the best value for your investment. Given the overwhelming number of condo listings in Toronto, there is significant potential for long-term equity building. Zoocasa analyzed data from February 2025 to identify the best neighborhoods to find a deal now that the spring market is officially underway.
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More Listings, More Equity-Building Opportunities
If you’re seeking an excellent real estate deal on a condo-apartment, two Toronto neighborhoods stand out as buyer-friendly markets where you can likely negotiate a better price. The Downtown and Entertainment Districts, and Liberty Village, currently have an impressive 1,308 active listings and a low sales-to-new-listings ratio (SNLR) of 12.54%. The SNLR measures the number of home sales compared to new listings to determine if markets are favouring buyers, sellers, or are balanced. In February 2025, only 164 listings were sold. These conditions suggest buyers have more negotiating power, as there are plenty of options and limited competition. The neighbourhood makes up nearly 30% of all active listings in Toronto Central, marking it the region’s most oversupplied area.
Regent Park, St. James Town, and Corktown also present strong buyer opportunities, with only 116 condos sold in February and 809 active listings. With an SNLR of just 14.34%, these market conditions are perfect for motivated buyers. This indicates sellers face more competition and may be more willing to lower prices or offer incentives. This neighborhood accounts for 23% of all listings in Toronto Central, showcasing a significant inventory buildup. As Regent Park continues revitalizing and Corktown attracts increased interest, buyers should take advantage of the current conditions before demand rises.
Buyers looking for specific features—such as a spacious two-bedroom, two-bathroom layouts ideal for roommates or a unit with a den suited for a nursery—may find more options in these neighborhoods. Higher inventory levels improve the chances of securing a home meeting their criteria and budget.
“Condos have always been a great entry point for new buyers, offering opportunity despite the significant price gap compared to houses,” says Dan Chiasson, a Toronto real estate agent with eXp Realty.
The Top Neighborhoods for Condo Buyers to Negotiate a Deal
Targeting neighborhoods with longer listing days on the market (LDOM) can provide the best leverage for buyers who want to maximize their budget. Condo apartments in Black Creek and York University Heights currently take about 72 days to sell, with an average price of $494,763, offering buyers strong negotiation power. In West Hill and Centennial Scarborough, units average $430,500 and remain on the market for 58 days, making this another favorable area for negotiations.
For mid-range buyers, Bathurst Manor and Clanton Park offer units at an average price of $552,929. Properties currently take about 46 days to sell, suggesting that sellers in these areas may be open to price reductions. Similarly, condo apartments in Yorkdale, Glen Park, and Weston average $584,426 and have been staying on the market for about 52 days, creating additional room for negotiation.
Buyers in the luxury segment can also find opportunities. In Yorkville, Annex, and Summerhill, units average $1,431,755 and have recently been taking about 45 days to sell. Sellers in these neighbourhoods may be more willing to negotiate, particularly given the higher price point. Meanwhile, neighborhoods like Bedford Park, Nortown, Lawrence Park, and Forest Hill North also offer opportunity for price flexibility, with condos averaging $749,136 and 41 days on the market.
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Act Fast in These Competitive Toronto Neighborhoods
Conversely, it’s crucial to be prepared to act quickly if you’re searching in a high-demand area. Condo apartments in York Mills, Bridle Path, and Hoggs Hollow sell in just 9 days at an average price of $1,193,333, making it one of Toronto’s fastest-moving luxury markets, likely because of its limited inventory. Similarly, units in Rosedale and Moore Park are currently moving off the market within 10 days at an average price of $939,000, meaning buyers must be ready with a firm offer.
For mid-range buyers, areas such as Steeles, Tam O’Shanter, and Sullivan see units selling in an average of just 18 days for $535,163, while Forest Hill South and Oakwood Village offer condos averaging $791,695 that sell in about 22 days. In these competitive markets, serious buyers should have their financing ready and be prepared to move quickly.
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Condo Price Range and Size Buyers Want in Spring 2025
Demand for condos in Toronto varies significantly based on price range and unit size. Luxury condos priced between $1M and $1.5M are experiencing strong demand, selling in just 27 days on average. These units, often featuring premium amenities and larger living spaces, attract buyers seeking high-end urban living.
Condos priced between $600K and $800K take around 33 days to sell, indicating steady demand. This price bracket likely consists of two-bedroom or two-bedroom-plus-den units, which appeal to couples, young families, and investors looking to rent to roommates.
On the other hand, condos in the $400K to $600K range take an average of 42.5 days to sell, suggesting lower demand for one-bedroom or studio units. Smaller units are more affordable but may compete with rentals or take longer to sell.
As demand for detached houses stays strong, many buyers who are priced out start looking at larger condo units as an alternative. Buyers who can’t afford a house often prioritize space, making bigger condos more appealing compared to compact units that may compete with rental options. This drives quicker sales for higher-priced, more spacious condos, while smaller, entry-level units tend to sit on the market longer.
The Best Condo Markets in the GTA For Spring
Mississauga is the most in-demand condo market in the GTA with 101 sales, an average price of $581,431, and units selling in approximately one month. Vaughan had 58 condo sales, an average price of $653,396, and an average of 31 days to sell. Meanwhile, Richmond Hill had 38 condos that traded hands and 104 new listings averaging $617,208.
The average price of a condo in Toronto’s core is $724,632, while buyers in the 905 can snag a unit for a more budget-friendly $611,198.
“As the detached housing market becomes more competitive, buyers who initially aimed for a single-family home often reconsider their options. Sometimes they have little choice but to take a step back, reassess their priorities, and pivot to a condo to get into the market sooner. I’ve worked with several buyers who originally wanted a house but ultimately decided that securing homeownership—even if it meant starting with a condo—was the right move for them,” explains Chiasson.
For those thinking about buying or selling this spring, talk to a real estate agent about where to find the best investment opportunity for long-term equity growth. This spring, staying informed will help you make confident and strategic real estate decisions.
Our expert real estate agents are right here in your city, ready to guide you through every step. Whether you’re curious about current trends or wondering when the best time to buy might be for you, we’re here to help.
The post Where to Find the Best Condo Deals in Toronto This Spring appeared first on Zoocasa Blog.
