{"id":309688,"date":"2025-05-27T15:43:53","date_gmt":"2025-05-27T15:43:53","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?page_id=309688"},"modified":"2025-06-19T16:57:03","modified_gmt":"2025-06-19T16:57:03","slug":"gta-sees-surge-in-budget-friendly-condo-sales-under-500k","status":"publish","type":"page","link":"https:\/\/wahi.com\/ca\/en\/press-releases\/may-27-gta-condo-500k","title":{"rendered":"GTA Sees Surge in Budget-Friendly Condo Sales Under $500K"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”53px||9px||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2024\/05\/LogosWahi-05-1-1.png” alt=”Wahi.com” title_text=”%91Logos%93Wahi-05 1 (1)” _builder_version=”4.27.4″ _module_preset=”default” max_width=”600px” max_width_tablet=”600px” max_width_phone=”60%” max_width_last_edited=”on|phone” custom_margin=”||3px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_text_color=”#000000″ header_font_size=”2.5rem” header_line_height=”3.5rem” custom_padding=”12px||||false|false” global_colors_info=”{}”]

News Release<\/h1>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”17px” text_line_height=”1.9em” header_2_font_size=”22px” header_2_line_height=”1.1em” custom_margin=”||50px|||” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

GTA Sees Surge in Budget-Friendly Condo Sales Under $500K<\/h2>\n

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As the Greater Toronto Area\u2019s condo market stalls, demand for units priced under $500,000 has been the exception, suggests analysis by Wahi.
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TORONTO, ONT. \u2014May 27, 2025 \u2014 Condo sales are down sharply in the Greater Toronto Area so far this year, but the number of units changing hands for under $500,000 is surging, according to new analysis by Wahi, a Canadian digital real estate platform.<\/span><\/p>\n

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In fact, despite the ongoing downturn in the first quarter, the number of GTA<\/a> condos selling for between $400,000 and $499,999 increased by 20% compared to the same time last year.<\/span><\/p>\n


These condos, which include apartments as well as townhomes with maintenance fees, have considerably lower prices than the region\u2019s first-quarter median of $629,250, which edged about 4% lower from Q1 2024.<\/span><\/p>\n

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\u201cSome homebuyers are clearly taking advantage of cooler conditions in the GTA\u2019s condo market to purchase units at a lower price than they could have even a year ago,\u201d says Wahi CEO Benjy Katchen. \u201cWith investors mostly absent from the condo market today, there\u2019s less competition for end-user buyers who may have been priced out of the single-family home market,\u201d he continues.<\/span><\/p>\n


There was also a spike (55%) in condos selling for between $300,000 to $399,999, although this accounts for a sliver of the overall market, accounting for 2% of all condo transactions. Just 96 condos in the price range of $300,000 to $399,999 sold in Q1, compared to 62 units (12% of all sales) in Q1 of previous year.<\/span><\/p>\n

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The pickup in sub-$500,000 condo-buying activity was concentrated outside of the City of Toronto, particularly Halton and Peel<\/a> regions.<\/span><\/span><\/p>\n

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Sales in all other price brackets were down: GTA-wide, condo sales totalled 5,188, a decline of 23% from the first quarter of 2024. The sharpest drop was in the $700,000-$799,000 range, with sales falling 36% annually.<\/span><\/p>[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]