If you follow the Midtown condo market, you know how quickly things can shift from month to month. This report breaks down the latest data for one and two bedroom condos at Yonge and Eglinton and explains what the numbers might mean for buyers and sellers. As a reminder, I’m now sharing median prices in place of averages, because they offer a more realistic snapshot of what a typical buyer is paying.
How One Bedroom Condos Performed
The median price for a one bedroom condo in November landed at $538,500. That is up from $503,000 in October. At first glance this looks like a positive turn for the market and it is always nice to see upward movement.
The context matters though. Only nine one bedroom units sold in November. With such a small sample size, the numbers can shift based on the mix of units rather than a change in market demand. If the condos that happened to sell were slightly nicer or larger, that alone can pull the median upward. So while the increase is encouraging for sellers, it may also be a short term blip.
Year-over-year, one bedroom condos are still below where they were in November 2024. Last year the median was $590,000, which means we are down about 8.7%. The larger trend still leans downward, although we may be seeing some early momentum month-over-month.
How Two Bedroom Condos Performed
Two bedroom units did not follow the same month-over-month pattern. The median price in November was $720,000 which is down from $750,000 in October. Year-over-year the segment is also lower than November 2024 when the median was $825,000.
Just like with one bedrooms, these numbers reflect the mix of units that sold during the month. Layouts, square footage, finishes, and condition can vary a lot from sale to sale and that variation can create noticeable swings.
Why Looking at One Month of Data Is Not Enough
Monthly medians and averages rise and fall based on which units sell and how many sales occur in a given period. This is why one strong month does not always signal rising demand and one weaker month does not necessarily mean the opposite.
Year-over-year trends help tell a clearer story because they reduce the noise and show how the market has moved over a longer stretch of time. In both the one and two bedroom segments, the broader trend is still trending downward.
What This Means for Buyers and Sellers
If you are thinking about entering the market at Yonge and Eglinton, the most important step is understanding how these numbers connect to your specific goals. Sellers may feel encouraged by short term lifts, but it is helpful to consider the bigger picture. Buyers may find more negotiating power in a market that is still adjusting.
If you want help interpreting how these trends apply to your plans, feel free to reach out anytime.
Thanks for reading and I will see you in the next update.
