The Entertainment District is one of Toronto’s busiest condo pockets, and each month brings new insight into how different segments of the market are performing. This report walks through the latest median prices for one and two bedroom units and explains what these trends may mean as we approach the end of the year.
Understanding Median Prices
All figures in this report are based on median prices. This measure gives us a clearer view of what a typical buyer is paying because it filters out unusually high or low sales that can distort averages. With a neighbourhood as dense and active as the Entertainment District, medians help cut through that noise.
How One Bedroom Condos Performed
The median price for a one bedroom condo in November was $510,000. That is a drop from $538,000 in October and a noticeable decline from the $587,000 median recorded last November.
This area has a large supply of one bedroom units. High inventory gives buyers the flexibility to compare, take their time, and negotiate. Even though interest rates are now lower and stable, buyers in this segment are still firmly in control. Month to month volatility is normal, but the broader pattern continues to show softness.
How Two Bedroom Condos Performed
Two bedroom units came in at a median of $817,500 for November. That is slightly higher than October’s $800,000 and down from $853,500 this time last year.
Something interesting shows up when you zoom out. The November median is almost identical to where two bedroom prices sat in September. Therefore, even though there has been some bouncing around, overall the fall market has held fairly steady for this segment. It is not experiencing the same downward pressure that one bedrooms are seeing.
Two Very Different Markets Within One Neighbourhood
The numbers suggest that the Entertainment District is behaving like two separate markets.
One bedrooms continue to lean buyer-friendly with softer prices both month-over-month and year-over-year, and inventory levels support continued negotiation power.
Two bedrooms appear more stable. Prices have hovered within a narrow range for a few months. This stability indicates that demand is still present and responsive, and sellers in this category may be experiencing a bit of a plateau rather than a decline.
What This Means for Buyers and Sellers
If you own or are thinking of purchasing a one bedroom, the current market offers opportunities but also calls for careful pricing and strategy. Buyers have choices and tend to move slowly in this pocket.
If you own a two bedroom, the recent steadiness may be encouraging. Even with year-over-year declines, the fall market has not shown significant downward movement.
As always, your own situation depends on your unit type, your timeline, and your goals. If you want help understanding how your property fits into these trends, feel free to reach out any time.
Thanks for reading and stay tuned for the next update.
