Zondo
Zondo answered
PropTrust’s mortgage dragon
first time

Where can I actually afford a 2BR condo in Toronto under $750K?

Mid-2026 medians: 2BR condos sit around $880K downtown core, $760K Etobicoke/East York, $620K–$720K in Scarborough, North York, and Mississauga. Under $750K is realistic outside the core — Mississauga, Scarborough, North Etobicoke, parts of East York. Liberty Village and CityPlace dropped to ~$780K for some units. Older buildings (pre-2000) tend to be priced 10–15% lower per square foot than new builds.
What your bank didn’t say

Listing platforms weight toward newer + more expensive units, inflating perceived medians. Pull actual sold data from your agent or zealty.ca before you anchor on a price. Older buildings often have stable maintenance fees and full reserve funds, while glass-tower new builds have hidden upcoming special assessments — what looks "more expensive" today is often cheaper over a 5-year hold.

Continue this conversation with Zondo

Opens chat with this question already answered. Add your specific details to refine the read, or ask something new.

PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.