{"id":1777,"date":"2026-07-01T08:01:57","date_gmt":"2026-07-01T13:01:57","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/01\/toronto-condos-are-now-cheaper-than-montreals-a-market-first\/"},"modified":"2026-07-01T08:01:57","modified_gmt":"2026-07-01T13:01:57","slug":"toronto-condos-are-now-cheaper-than-montreals-a-market-first","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/07\/01\/toronto-condos-are-now-cheaper-than-montreals-a-market-first\/","title":{"rendered":"Toronto Condos Are Now Cheaper Than Montreal\u2019s: A Market First"},"content":{"rendered":"<p>For the first time in over a decade, the Toronto condo market has undergone a significant shift, becoming more affordable than its Montreal counterpart. According to a new report from RBC Economics, Toronto condo prices have dropped faster than most other Canadian markets, effectively resetting affordability levels to those seen in 2019. <\/p>\n<p>As of Q1 2026, the affordability index for Toronto condos sits at 36.1 per cent of household income\u2014a notable improvement from the 38.5 per cent recorded in late 2019. While this offers a long-awaited window for sidelined buyers, experts warn that the market remains &#8216;stretched,&#8217; as elevated condo fees, property taxes, and utility costs continue to weigh on owners. Local realtor Jen Heakes notes that while some units are selling below 2019 levels, the &#8216;building and product&#8217; matter more than ever. For a deeper dive into these shifting trends, read the full report at thestar.com.<\/p>\n<p><!-- RealEstateToday Source Article --><\/p>\n<div style=\"display:none\" data-original-url=\"https:\/\/www.thestar.com\/real-estate\/condos-in-toronto-are-now-more-affordable-than-in-montreal\/article_b37ee16e-8685-47d9-b9b7-07abf881c794.html\"><\/div>\n<p><em>Source: <a href=\"https:\/\/www.thestar.com\/real-estate\/condos-in-toronto-are-now-more-affordable-than-in-montreal\/article_b37ee16e-8685-47d9-b9b7-07abf881c794.html\" target=\"_blank\" rel=\"noopener\">Read the original article<\/a><\/em><\/p>\n<p><!-- RealEstateToday Instagram Handles --><\/p>\n<div style=\"display:none\" data-instagram-handles=\"@rbc\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto condos are now more affordable than Montreal&#8217;s for the first time in a decade. Is this the entry point buyers have been waiting for?<\/p>\n","protected":false},"author":2,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[192,224,182,221,645,207],"class_list":["post-1777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-affordability","tag-condo-market","tag-gta","tag-housing-prices","tag-rbc-economics","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}