Navigating the Market for New Construction Condos in Toronto with Expert Insight

Buying a condo under construction is an opportunity that demands informed decisions. We’ve seen pricing dynamics change, developer projects shift, and buyer power grow while looking at new construction condos in Toronto. Let’s walk you through what’s happening, why it matters, and how we help our clients make smarter moves.

A Review Of Current Prices and Supply Levels

Right now, prices for new construction condos in Toronto have seen a dip. The average cost fell from about USD 538,700 in early 2024 to around USD 506,800 by mid-2025. At the same time, more than 31,000 new condos are completing in 2025, but over 24,000 remain unsold. Only 502 new units sold this past quarter, way below the 10-year average.

Buyers now have greater power in negotiations. Many developers are holding unsold inventory and adjusting project timelines or converting units into rentals. These market shifts create real advantages if you’re making decisions with the right guidance.

Price Per Square Foot and the Real Value Gap

Let’s talk numbers. The average pre-sale price stands at USD 880 per square foot (psf). In contrast, completed condos are reselling closer to USD 670 psf. That’s a 24% difference. If you’re stepping into a contract today, knowing how that gap impacts future value is critical.

With Condos and Homes Hub, we walk you through what these numbers mean. We help you understand the break-even points, the neighborhood trends, and whether an assignment contract, a re-sale unit, or a brand-new launch offers the most return.

How We Help Buyers Make Confident Decisions?

Our role is to guide you through each phase—from selection to closing. We analyze:

• The reliability of developers based on past completions
• Neighborhood growth and resale potential
• Construction timelines and expected occupancy
• Legal terms and hidden clauses in builder contracts

Whether you're buying for personal use or investment, we assess everything. In 2025, with construction risk increasing, buyers need more than listings—they need knowledge.

Saving Thousands Through Smart Evaluation

One of our clients wanted to buy a waterfront condo through assignment. The original price was set at USD 890 psf. Based on our market research, similar units had recently sold at USD 670 psf. We encouraged renegotiation.

The client waited. Two months later, they got a contract for USD 710 psf—saving USD 180 psf and avoiding excessive deposit risks. These results come from planning, not guessing.

What the Rest of 2025 Could Bring?

We expect developers to delay new projects as high inventory weighs on pricing. This will slowly reduce supply in 2026. Recovery may begin with interest rate cuts and increased demand, but pricing will likely stay flat for a while.

With immigration slowing and investor demand subdued, affordability challenges remain. That’s why having professional advice now can help you lock in better prices with less risk.

Your Next Step with Condos and Homes Hub

We offer personalized support built on real market knowledge:

• Navigate fluctuating prices with tailored insights
• Access developer deals and promotions before public release
• Protect your investment with legal and contractual guidance

New construction condos in Toronto will always evolve, but making smart choices during uncertain phases can give you the biggest edge.

Reach out to Condos and Homes Hub to get the clarity, strategy, and savings you need.

FAQs

How long do most new construction condos take to complete?
Typically 3–5 years, but delays have been common in 2024–2025 due to permits and supply shortages. We help you review estimated timelines and ensure proper contract protections.

What’s the risk in paying pre-sale prices today?
In 2025, pre-sale condos average USD 880 psf while resale units sell closer to USD 670 psf. This 24% difference can impact your resale value if the market stays flat. We help you analyze if the deal truly offers long-term value.

Are builder incentives available right now?
Yes. Many developers are offering deposit extensions, upgrades, or closing discounts. We negotiate these on your behalf and guide you toward the best available offers.