AUGUST 2025 URBANATION REPORT: CONDOS

Condo sales may have slipped to a 22-year low in August, but the story isn’t the same everywhere.

While the 905 Region is still under pressure, downtown Toronto is starting to stabilize — with sales ticking up and prices holding closer to 2019 levels after a 20% correction from the peak.

While average GTA condo prices are down short-term, they’re still 12.5% higher than 2019, showing long-term resilience.

Every market tells a different story — and your neighbourhood might look very different from the headlines.

Let’s talk about what this means for you.