Fall has officially arrived, and the condo market in Midtown Toronto is showing some interesting shifts. After a summer of unpredictable numbers, we’re finally starting to see a bit more activity, but as always, the story behind the stats is what really matters.
One-Bedroom Condos: A Stable Market Behind the Numbers
The average price for a one-bedroom condo in Yonge and Eglinton came in at $566,178 this September, which is up 14.5% from August.
At first glance, that looks like a big jump. But it’s important to remember that last month’s data was based on a very small number of sales. When the sample size is that limited, one or two lower-priced transactions can really skew the averages.
When we zoom out and look year-over-year, prices for one-bedroom units are actually down just 0.5% compared to September 2024. That paints a much clearer picture: despite some monthly fluctuations, the smaller-unit segment has remained remarkably stable over the past year.
Two-Bedroom Condos: A Market Adjusting to Buyer Selectivity
Two-bedroom condos averaged $766,875 this month – a 34.2% increase from August. Like with the one-bedrooms, this isn’t necessarily a sign of a sudden price surge, but rather a reflection of how few sales occurred last month.
When we compare to last year, however, prices for two-bedrooms are down 11.3%. This suggests that while short-term averages can bounce around, the broader trend still points to some softness in larger-unit pricing.
Buyers in this category are being more selective, and many listings are sitting on the market longer than they did a year ago.
The Takeaway: Month-to-Month vs. Year-to-Year
Month-over-month swings can sometimes look dramatic, especially when the number of transactions is low. That’s why the year-over-year comparison is much more reliable this month.
Here’s the bottom line:
- One-bedrooms are holding steady overall.
- Two-bedrooms are still adjusting and showing slightly weaker values than last year.
As the fall market unfolds, it’ll be interesting to see if increased inventory and buyer activity start to bring things closer to balance.
Why Yonge & Eglinton Still Offers Value
Even with all the ups and downs, Yonge and Eglinton remains one of the strongest value, and most attractive, areas in Toronto. Buyers who’ve been waiting for the right opportunity may find that this fall offers a window to secure a great condo in a vibrant Midtown location.
Between the strong transit access, local amenities, and ongoing development, this neighbourhood continues to attract buyers who want the best of city living with a community feel.
Thinking About Buying or Selling in Midtown?
If you’re curious how these market shifts affect your buying or selling plans, I’d love to walk you through the data and what it means for your next move.
You Have Questions, We Have Answers.
Whether you’re buying or selling a home, we’re happy to help! Click the button below to get in touch.
