Please complete your profile to unlock commenting and other important features.

User AvatarBuild your avatar
Please select your date of birth for special perks on your birthday. Your username will be your unique profile link and will be publicly used in comments.
Narcity Pro

This is a Pro feature.

Time to level up your local game with Narcity Pro.

Pro

$5/month

$40/year

  • Everything in the Free plan
  • Ad-free reading and browsing
  • Unlimited access to all content including AI summaries
  • Directly support our local and national reporting and become a Patron
  • Cancel anytime.
For Pro members only Pro
Summary

These Are The Cheapest Neighbourhoods In Toronto To Buy A Condo

Not all condos will cost you a million dollars.
Toronto Condos Are Selling For The Cheapest in These Neighbourhoods
Bakerjarvis | Dreamstime
Contributing Writer

It turns out that buying a Toronto condo doesn't have to cost you millions. 

According to Zoocasa, some units are selling for cheaper prices than in 2019, thanks to a growing lack of demand.

Editor's Choice: This Ontario Company Is Hiring Full-Time 'Candyologists' To Taste-Test Sweets At Home

$412,450 The average price of a Toronto condo in Malvern, Rogue

For example, condo prices have dropped by as much as 9% in the Entertainment District and Liberty Village.

Yet, the median price tag for those high-demand areas is still over $600,000. So, you will still need a hefty down payment. 

However, there are still some neighbourhoods in the 6ix that offer condos for an even cheaper rate. 

Toronto's most affordable condominiums are located in Malvern and Rouge area, which sees a median condo price of $412,450. 

West Hill, Centennial Scarborough follows closely behind with $427,000. 

Coming in third is Scarborough Village, Guildwood at $428,000. 

From Your Site Articles
TorontoCanadaReal EstateReal Estate
  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

Here's what $1,900 in rent gets you in 11 Toronto neighbourhoods and the range is wild

Which spot would you pick? 👀

4 of Toronto's best 'hidden gem' neighbourhoods that have much cheaper house prices

Would you live in some of these neighbourhoods? 🏠

These two GTA rental markets are both 30 min from Toronto but one is over $500 cheaper

Time to move? 😬

Canada's housing market is set to get cheaper and 5 cities are dropping more than Toronto

A buyer's market is finally taking shape across much of Canada. 🏡

Canada has some surprisingly intense warnings for American travellers over the holidays

"Leave your firearms at home." 😬

Canada is increasing the GST/HST Credit — Here's how much you can get in 2026

A little boost for your budget is on the way. 💰

Bath & Body Works Canada's Black Friday sale offers free items and here's how to get the deal

This deal includes three-wick candles!

Parts of southern Ontario are under weather advisories as snow squalls threaten 30 to 50 cm

"Travel may be hazardous, and some routes may be impassable."

Lotto Max winning numbers for Tuesday, November 25 are out and there's a $55 million jackpot

Maxmillions are up for grabs too!

The average salaries across Canada were revealed — Here's which spot earns the most in 2025

The salary gap between provinces is wild. 🫣

This Ontario restaurant with beautiful country views was just named among the best in Canada

It's a magical place to dine.

Costco has these Black Friday deals in-warehouse and you can get products for up to $500 off

This sale includes electronics, groceries, small kitchen appliances, and more!

Statistics Canada is hiring for census jobs that pay up to $97,000 but you have to apply soon

You need to know how to use a computer.

Canada's weather forecast for December reveals which parts of the country will get snowstorms

It also tells you if it'll be a white Christmas!