Markham
Richmond Hill
Other GTAToronto was once known as a "city of cranes". "Lots of buildings are finishing now" and "there may be fewer new condos later" can both be true at the same time.
Buildings completing today reflect development decisions made several years ago. Construction starting today shapes how much new supply arrives in the years ahead.
156 condo units started construction in the City of Toronto in the first half of 2026
Units, not buildings, and the City of Toronto, not the whole GTA
What it does and doesn't mean
Lower starts affect future supply with a delay, but they do not guarantee higher prices. Demand, purchasing power and the broader economy still matter.
Source CMHC, Fall 2026 Housing Supply Report: Toronto
The market in the GTA, September 2026
Average price: $1,006,409
Median price: $860,000
Detached, average: $1,292,016
Sales: 5,040
New listings: 16,500
Active listings: 26,131
Months of inventory: 4.6
Sold vs. list price: 98%
Days on market: 34 days
Source: TRREB Market Watch, September 2026 (released October 6, 2026). All home types unless noted. Explore Homes & Communities Across the GTA
What to compare in any condo
- Layout and space Room use, storage, light and day-to-day practicality.
- Maintenance fees What the stated fee covers and the ownership costs beyond it. Verify property-specific facts.
- Parking and access Parking arrangement, access routes, elevators and carrying everyday items.
- Building management Management, maintenance and relevant building information. Legal documents are for a lawyer to interpret.
- Amenities and rules Actual amenities and relevant building rules. Not every building offers the same features.
- Location and lifestyle Transport, errands, local amenities and proximity to the places that matter to you.
