09/25/2026
Seven investors bought 204 new Toronto area condos in a single quarter. They paid about $773 a square foot. The asking price on comparable completed units was around $1,186.
That is roughly 35 per cent below asking, for buying in bulk.
It is worth knowing about even if you will never buy 200 units, because it changes what you are competing with. If you own one investor condo and you are trying to sell it, some of the inventory beside you is being cleared at institutional pricing.
For context, those 204 units were part of 702 total new condo sales across the GTHA last quarter, which was up 52 per cent year over year and the first annual gain since 2023. Strip the bulk deals out and there were still 498 sales, up 8 per cent. So it is not only the funds.
None of this says sell, hold, or do anything in particular. It says know the number before you set yours.
Were you pricing against this, or against last year?
416-886-2000 or https://the4sale.com