Toronto LedgerMedian price of GTA one-bedroom condos falls 14% since 2020
Small condos in the Greater Toronto Area (GTA) have lost value, while big ones have gained. Wahi, a Toronto real estate platform and brokerage, compared median condo sale prices across the GTA in early 2020 and early 2026. Mortgage Professional America reported that the one-bedroom median fell 14%, to $480,000.
Two-bedroom units fared better: their median was $630,000, up only 2%. NOW Toronto reported that three-bedroom prices rose 13% to $700,000, and units with four or more bedrooms rose 15% to $715,000. Sales of larger units still fell by 33% to 43% since early 2020.
Ryan McLaughlin, Wahi’s economist, said buyers have little appetite for smaller units, long geared toward investors who flip or rent them out. He tied weaker demand to the end of the 2022-2024 immigration boom: newcomers tend to rent first, then buy smaller units. Wahi recorded only seven studio sales in early 2026, against 230 in early 2022.
Builders have pulled back too. Statistics Canada counted 9,885 new condo apartments started in Toronto in 2025, down 55% from 21,855 in 2024 and the lowest since 2007. The peak was 28,091 in 2022.
Mr McLaughlin said developers may need to diversify the units they build, but they are not starting condo projects of any size, so change may be slow.
Sources: Mortgage Professional America (MPA) · NOW Toronto · Wahi · Statistics Canada
Two-bedroom: 2,046 dollars a month in 2025, up 3.6% from 1,974 in 2024. It is the highest in the years shown. One-bedroom: 1,761 dollars a month.
Daniels launches 84 family-sized rental townhomes in Brampton
Daniels, a construction company, has launched 84 three- and four-bedroom rental townhomes in Brampton, built to be rented, not sold. NOW Toronto reported that Daniels president Jake Cohen said rents start around $3,200 and reach about $3,600. About 10% was leased within two weeks; the first residents are due on December 1.
A City of Brampton report found that in 2021 only 13% of purpose-built rentals had three or more bedrooms. Daniels, citing the city, said 26% of Brampton households have five or more residents, the most in the Greater Toronto Area. The Pointer reported that Brampton added only 744 rental units in the past decade, leaving 11,457 in a city of almost 800,000.
Mr Cohen said developers often skip larger rentals because they build for maximum density and many are not comfortable building townhouse-style homes. Whether other developers follow is not yet known.
Sources: The Daniels Corporation (Business Wire release · NOW Toronto · The Pointer
Rental: 9,154 homes a year in 2025, up 44% from 6,341 in 2024. For sale (condo and freehold): 16,933 homes a year.
Ontario solar rebate bars recipients from net metering, TAF says
Ontario’s rooftop solar rebate of up to $5,000 bars recipients from net metering for the life of the system, the Toronto Atmospheric Fund (TAF) said.
Net metering gives homeowners bill credits for surplus power their panels send back to the grid.
TAF found that a 10 kW system with net metering pays back its cost in roughly half the time of one without, even counting the rebate. TAF said many installers advise customers against joining the program.
The program sits within the efficiency framework of the Independent Electricity System Operator (IESO). According to the Ontario government’s Environmental Registry, that framework has up to $10.9 billion over 12 years from 2025, against over $1 billion in 2021-2024.
TAF proposes that the energy minister sign a directive saying net metering is not a government program for these purposes. Whether the minister will sign it is not yet known.
Sources: Toronto Atmospheric Fund · Environmental Registry of Ontario
14%: the fall in the median price of a one-bedroom condo in the Greater Toronto Area from the first quarter of 2020 to the first quarter of 2026, Mortgage Professional America reported. Two-bedroom prices rose 2% over the same period.
Net metering: a billing arrangement that gives homeowners with solar panels bill credits for excess electricity sent back to the grid. Credits carry forward up to 12 months. The Toronto Atmospheric Fund says Ontario’s solar rebate bars it.
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Lucius O’Brien, painter, 1880. Lucius O’Brien, born near Barrie in 1832 and once a drawing-master in Toronto, became the first president of the Royal Canadian Academy of Arts in 1880, a post he held for ten years. His painting Sunrise on the Saguenay dominated the academy’s first exhibition and has been in the National Gallery of Canada’s collection ever since. Earlier, as vice-president of the Ontario Society of Artists, he had established the Ontario School of Art in Toronto in 1876, where he taught water-colour painting.
Sources: Dictionary of Canadian Biography: Lucius Richard O’Brien
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John Stuart Mill, On Liberty (1859). English philosopher and economist (1806-1873), whose On Liberty defends free discussion.
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