{"id":316951,"date":"2026-10-21T08:28:11","date_gmt":"2026-10-21T12:28:11","guid":{"rendered":"https:\/\/wahi.com\/ca\/en\/?p=316951"},"modified":"2026-10-21T08:28:13","modified_gmt":"2026-10-21T12:28:13","slug":"prices-for-these-gta-condos-are-still-well-above-pre-pandemic-levels","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/buy\/gta-condo-prices-above-pre-pandemic-levels\/","title":{"rendered":"Prices for These GTA Condos Are Still Well-Above Pre-Pandemic Levels"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||3px|||” 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” width=”95%” max_width=”100%” 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As the Greater Toronto Area\u2019s condo market takes a beating, larger units hold value better, in some cases climbing significantly between 2020 and 2026, according to Wahi research.\u00a0 <\/span><\/p>[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”||11px|||” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]

By Josh Sherman<\/a>\u00a0<\/span>| 4 minute read<\/p>[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||26px|||” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||3px|||” da_disable_devices=”off|off|off” locked=”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=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|desktop” custom_padding=”0px||9px|||” global_colors_info=”{}” width__hover_enabled=”off|desktop”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” align=”center” force_fullwidth=”on” _builder_version=”4.27.4″ _dynamic_attributes=”src” _module_preset=”default” custom_margin=”1px||29px|||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.75rem” custom_margin=”-18px||2px|||” custom_padding=”||7px||false|true” custom_padding_tablet=”||7px||false|true” custom_padding_phone=”|15px|7px|15px|false|true” custom_padding_last_edited=”on|phone” text_font_size_tablet=”1.13rem” text_font_size_phone=”0.9rem” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]

Size matters when it comes to the pricing performance of Greater Toronto Area condos.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”32px||23px|||” da_disable_devices=”off|off|off” locked=”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=”4.18.0″ _module_preset=”default” custom_padding=”11px||14px|||” 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=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.3em” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” text_font_size_tablet=”21px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”36px” header_2_font_size_phone=”25px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]

There\u2019s no sugar-coating it: the Greater Toronto Area\u2019s condo market is undergoing a generational correction: the number of unsold units that are languishing on the market remains near historic highs; overall prices haven\u2019t found bottom and continue to fall; and sales activity is heavily muted.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Yet even amid a seismic shift in the Greater Toronto Area\u2019s condo market, some unit types are performing better than others. In fact, buyers who purchased units on the larger end of the spectrum early in the pandemic are still ahead \u2014 at least for now. <\/span>
<\/span>
<\/span>So suggests new analysis by Wahi. The Canadian digital real estate platform and brokerage compared median sale prices and transactions for condos between Q1 2020 \u2014 ahead of the unprecedented price run during Covid \u2014 and the first quarter of this year. According to the analysis, only one-bedroom units are down in price over the six-year period.<\/span>
<\/span>
<\/span>In Q1 of this year, the median price of a one-bedroom GTA condo was $480,000, a decrease of 14% from Q1 2020 and the result of a sustained downward trend; one-bedroom pricing has been flat or down in every consecutive quarter since Q1 2022. \u201cIn today\u2019s GTA condo market, the end user is the main source of anything resembling demand,\u201d says Wahi Economist Ryan McLaughlin. \u201cThere simply isn\u2019t much appetite among buyers for smaller units, which have historically been geared primarily towards investors looking to flip them and\/or rent them out,\u201d he continues. <\/span>
<\/span>
<\/span>The sales figures for the smallest units are telling. Some 1,574 one-bedroom condos changed hands in the GTA in Q1 of this year. This represents a decrease of 39% compared to Q1 2020. It\u2019s also down a jaw-dropping 66% from the peak recorded in Q1 2021. Meanwhile, just seven studio condos changed hands during this year\u2019s first quarter, unchanged from a year ago but dramatically below the peak of 230 transactions in Q1 2022. <\/span><\/p>\n


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