Two Thirds Of GTA Condos Sold For Less Than $600K In September

In September, 67.9% of GTA condo sales were under $600,000, with 45.1% below $500,000. The average condo price dropped 7.7% year-over-year to $605,257, the largest decline among housing types. Toronto condos averaged $640,248, down 6.1%, while suburban 905 area condos fell 12% to $533,654. Condo sales decreased 7.8%, with high inventory levels creating strong resale competition for new projects.