Report 05/29/23

2023 GTA Condo Investment Report

Humber Bay Bridge with people cycling and walking by it

It’s not yet a typical spring market in the GTA, but early signs of stabilization are already evident. The average number of days in the market is starting to fall and bidding wars are more common.



Buyers are trying to offset the sting of higher interest rates by increasingly focusing on less expensive homes. The share of homes selling for more than $1 million is currently under 40% — down notably from the near 60% seen last year. The average mortgage size in the GTA fell by 17% over the past year.