News Release

GTA Condo Parking Now Costs Up To $268K

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TORONTO, ONT. —March 30, 2026 — Toronto’s condo slowdown hasn’t cooled one thing: parking prices. New data from Wahi, a digital real estate platform and brokerage, shows buyers are paying up to $268,500 more for a parking spot in some Greater Toronto Area neighbourhoods.

As investors pull back, homebuyers are driving the market, prioritizing space and convenience. Condos with parking are commanding six-figure premiums in over a dozen neighbourhoods and selling up to two-and-a-half weeks faster than units without.

“The condo buyers who remain out there right now are generally looking for larger, more livable units with features such as parking,” says Wahi Economist Ryan McLaughlin. “As more condo projects are completed with fewer parking spots, one would expect that the law of supply and demand would drive prices up over time.”

Premiums are highest in central areas like Riverdale, with rising demand also seen in emerging neighbourhoods outside of the City of Toronto, such as Vaughan’s Pine Valley Business Park.

The full report, with downloadable charts, is available here.

Ryan McLaughlin is available to discuss buyer trends, supply constraints, and what this means for GTA condo prices.

About Wahi

Wahi redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with a robust agent-first platform. Wahi continues to expand across key Canadian markets, combining local expertise with national scale.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com