Here Are the GTA’s Best-Selling Condo Buildings

New research from digital real estate platform Wahi analyzes which existing condo buildings in the Greater Toronto Area are most popular with homebuyers.

By Josh Sherman | 4 minute read

To determine the best-selling condos across the region, Wahi’s data team examined 2023 transactions for thousands of condo addresses across the GTA.

A new ranking from digital real estate platform Wahi reveals the Greater Toronto Area’s best-selling condo buildings.

“The best-selling Toronto condos show there’s still strong demand for condos depending on the location,” says Wahi CEO Benjy Katchen. When ranking condos according to sales, Wahi took into account both the volume of transactions as well as the number of units in each building to establish a top 10.

Four out of the 10 best-selling condos were located within the City of Toronto, and three were in Vaughan. Milton, Mississauga, and Richmond Hill were also represented with one building in each. Buildings with the highest sales-to-units ratios were also typically completed within the past decade, with a notable exception: Applewood Landmark Condos, which were built in 1978. 

Based on Wahi’s research, only three buildings had sales-to-units ratios above 9%. 

• Hawthorne South Village Condos, a 213-unit mid-rise building in Milton by Mattamy Homes, led the way with 21 suites changing hands for a sales-to-units ratio of 9.86%. 
• Bianca Condos, a nine-storey condo by Tridel located in Toronto’s Annex neighbourhood, followed with 21 sales in 2023 out of a total of 216 units, which gave it a sales-to-units ratio of 9.72%. 
• Bianca was followed closely by 9085 Jane St., which is one of two towers located within the Park Avenue Place Towers development by Solmar Development Corp., in Vaughan. It recorded 27 sales and had a total of 285 units for a sales-to-units ratio of 9.47%.

How Wahi Ranks the Best-Selling GTA Condos

To determine the best-selling condos across the region, Wahi’s data team examined 2023 transactions for thousands of addresses, ultimately focusing on buildings that had more than 20 sales last year. A total of 74 addresses in the GTA met the 21-sale minimum. The analysis does not include pre-construction developments, although some new-condo assignments may be captured in data. “As higher interest rates have taken their toll, many units purchased two-to-three years ago are now hitting the market at discounts from the original pre-construction purchase prices,” Katchen explains.

Accounting for the fact that the buildings with the most units are also likely to have the most sales, Wahi then divided the number of sales for each building by the number of units it included. This sales-to-units ratio was used to rank condos for selling performance. The condos with the highest sales-to-units ratio were the best-selling buildings.

Note that a variety of factors impact a condo building’s popularity. These factors range from builder reputation and amenities to location and maintenance fees, to name a few.

Wahi’s ranking of top-selling condos follows its recent analysis of the GTA’s condo buildings with the most and least expensive monthly maintenance fees.