After years of soaring prices, bidding wars, and ultra-tight supply, the market has flipped in favour of buyers. According to the latest data, condo prices in the Greater Toronto Hamilton Area (GTHA) have dropped nearly 19% from their 2022 peak. With resale listings at record highs and pre-construction sales falling 91% below the 10-year average, the opportunities for smart, strategic buyers are plentiful.
A Buyer’s Market Like No Other
Newly released figures show the average GTA condo sold for just $651,000 in July 2025—the lowest in four years. With interest rates now stabilized at 2.75% and further cuts possible this fall, affordability is improving. Sellers are motivated, developers are offering discounts, and inventory is abundant—especially for one-bedroom and studio units.
While investors once drove the market, many are exiting due to high carrying costs and lower-than-expected rental yields. That’s great news for buyers who actually plan to live in their units, or for savvy investors looking to purchase undervalued properties in prime locations.
Why This Matters for Lendworth Clients
At Lendworth, we specialize in equity-based lending on residential real estate across the GTA. For buyers looking to capitalize on today’s condo market, our flexible mortgage solutions—starting from 8.99%—make it easier to close quickly and confidently. We don’t rely solely on income verification, making us a top choice for self-employed individuals, newcomers, or those with unique financial profiles.
Plus, if you’re already a property owner looking to take advantage of lower condo prices, Lendworth’s refinancing options can help unlock the equity you need to expand your portfolio or downsize with ease.
First-Time Buyers: The Window Is Open
For first-time homebuyers, today’s market conditions offer a rare opportunity: more choice, less competition, and actual negotiating power. With resale units often priced lower than pre-construction, now is the time to shop for value, not just hype.
Condos with unique layouts, prime views, or larger balconies are holding their value better than cookie-cutter units. And older buildings, while sometimes overlooked, often offer more space and lower price-per-square-foot—ideal for end-users with an eye for long-term living.
What’s Next for Toronto’s Condo Market?
While the market may remain soft through late 2025, experts expect sales to rebound gradually by mid-2026. As new construction slows and inventory is absorbed, demand will tighten—and prices could firm up quickly.
That means today’s buyers are uniquely positioned to benefit from lower prices and rates, while building equity for the future.
📍 Ready to finance your next condo move or refinance your existing mortgage?
Lendworth offers fast, common-sense mortgage approvals for GTA real estate.
✅ Equity-based solutions
✅ Rates starting at 8.99%
✅ Residential properties across Toronto, Vaughan, Mississauga, and more
Contact us today to learn more or start your application. Opportunity waits for no one.
👉 www.lendworth.ca | 📞 905-597-1225 | 📩 info@lendworth.ca