Condos for Sale in Toronto
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Toronto this band: $475K · 46 active · avg 19 days on market.
46 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Toronto Under $500K
46 active · median $475K
Median List Price
$475K
Active Listings
46
Avg Days on Market
19 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$479K
Jan
$462K
Feb
$476K
Mar
$484K
Apr
$476K
May
$462K
What is the average condo price in Toronto in 2026?
The benchmark price for a condo in Toronto in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 46 active listings, moving in an average of 19 days on market. Prices are down 9.1% year-over-year.
Is Toronto a buyer's or seller's market right now?
Toronto is currently a balanced market for condos in this band. Inventory is turning over in 19 days with prices down 9.1% year-over-year. Neither side has decisive leverage right now.
Families helped in Toronto
273+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Six months in Canada and they got us approved with 10% down. Could not believe how fast it moved.”
What $475K gets you in Toronto.
Condos in Toronto priced under $500k are tracking against a CREA MLS® HPI benchmark of $539K for the greater toronto area. Within this band the median list comes in near $475K — down 9.1% year-over-year. Active inventory is moving in roughly 19 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$503K
$435K
$521K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in Toronto.
Keep exploring Toronto.
Other property types
Toronto Condo FAQ
What is the median price for condos in Toronto under $500k?
As of 2026-05-01, the median list price for condos in Toronto priced under $500k sits at approximately $475K based on active MLS inventory.
How many condos are currently for sale in Toronto in this price range?
There are roughly 46 active condos for sale in Toronto priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Toronto?
Condos in Toronto priced under $500k are averaging 19 days on market. That signals a seller-leaning market — buyers should expect competition and pre-approved offers.
Are Toronto condo prices going up or down?
Year-over-year median condo prices in Toronto (this band) are down 9.1%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in Toronto?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $2,322 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 46 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Toronto advisor within 1 business hour.
Condos in Toronto Under $500K
Median $475K · 46 active · 3.95% 5-yr fixed
Get pre-approved for a $380K mortgage.
Based on $475K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.