New Condos Ontario
Ontario, Canada’s heartland, offers a captivating blend of urban excitement and natural beauty. With a thriving economy and growing population, the province’s real estate market is flourishing. From the vibrant energy of Toronto to the serene beauty of Northern Ontario, there’s a perfect new condo in Ontario for every lifestyle. Curious about the housing market in Ontario? Discover exciting opportunities awaiting you in this dynamic province.
Ontario Pre-Construction Condo Market Trends 2025
According to our recent data, as of October 2025:
- Prices for pre-construction condos in Ontario vary widely by region but average around $1,150 to $1,200 per square foot.
- In the previous month, the median home price in Ontario averaged approximately $828,896.
- The average rent for homes in Ontario was around $2,050 (one-bedroom unit).
- The vacancy rate across Ontario was approximately 2.8%.
- Condos in Ontario sell within 30 days of being listed.
- Townhomes in Ontario stay on the market for 26 days.
- Detached homes in Ontario stay on the market for an average of 25 days.
Pre-Construction Condos Ontario
Reasons to Invest in Ontario
Economic Prosperity
Ontario’s robust economy, boasting a $887.7 billion GDP in 2024, underpins a thriving housing market. The province’s steady job growth and a consistent 1.8% annual increase over the past five years are driving increased demand for homes.
Unparalleled Connectivity
Ontario offers diverse transportation options to suit every traveller. GO Transit provides convenient rail and bus connections throughout the region, while budget-friendly bus services link cities across the province. The extensive highway network facilitates road trips for those exploring Ontario’s vast landscapes.
High Quality of Life
Ontario offers an exceptional quality of life, blending vibrant culture, affordable living, and diverse housing options. From bustling city centres to serene natural retreats, the province caters to every lifestyle. With a strong emphasis on safety and a low crime rate, Ontario is an ideal place to call home for individuals and families alike.
Ontario Rental and Seller Market 2025
Rental Market
As of October 2025, Ontario’s rental market continues to cool. Advertised rents are easing, vacancy rates are ticking up, and new housing completions are adding to supply. The Greater Toronto Area (which accounts for about 70% of provincial activity) shows this trend most clearly, with higher inventory giving renters more room to negotiate.
Average rents across Ontario were approximately $1,650 for studios (down 3.5%), $2,000–$2,100 for one-bedrooms (down 4.5%), $2,300–$2,500 for two-bedrooms (down 3%), and $2,600+ for three-bedrooms (down 2%) compared to October 2024. Looking ahead, the market is expected to remain soft through the end of 2025, with potential stabilization in early 2026 as new supply gets absorbed.
Seller Market
Ontario’s housing market recorded a 2.7% annual decline, bringing the average home price to about $828,900. By property type, detached homes averaged around $866,200 (down 6.7%), condos at $518,700 (down 8.8%), and townhouses at $627,900 (down 7.4%) compared to last year.
The market is expected to stay stable through Q4, no big boom or bust in sight. Prices may dip slight
-New Condos
Renting Time for Condos: Many condo units in Ontario rent out within about 20 days.
Selling Time for Condos: New condos in Ontario typically sell within about 30 days.
-New Homes
-Renting Time for Homes: Detached homes in Ontario find tenants in about 25 days, while townhouses take around 22 days.
-Selling Time for Homes: On average, it takes about 26 days to sell a townhome in Ontario and roughly 25 days for a detached homely due to high supply, but sales should hold steady thanks to pent-up demand and possible rate cuts. GTA condos remain under pressure, while some secondary markets could see small rebounds. Looking ahead to 2026, a modest recovery of around 2–4% is possible if job growth improves.
Average Renting and Selling Time in Ontario
-New Condos
Renting Time for Condos: Many condo units in Ontario rent out within about 20 days.
Selling Time for Condos: New condos in Ontario typically sell within about 30 days.
-New Homes
-Renting Time for Homes: Detached homes in Ontario find tenants in about 25 days, while townhouses take around 22 days.
-Selling Time for Homes: On average, it takes about 26 days to sell a townhome in Ontario and roughly 25 days for a detached home
Cities & Neighbourhoods
Toronto
Toronto, Canada’s dynamic metropolis, is a vibrant hub of culture, finance, and innovation. A global hub of innovation, the city offers a vibrant lifestyle with world-class amenities. From bustling entertainment districts to peaceful residential neighbourhoods, Toronto’s diverse communities welcome residents and visitors alike.
1. Danforth
- Highlights: This bustling area offers a diverse culinary scene, excellent schools, and ample green spaces like Withrow Park. Its convenient location, served by the TTC, ensures easy access to downtown Toronto and other parts of the city.
- Perfect for: New pre-construction townhouses in Ontario, in this area, are practical options for families, professionals, foodies, and those seeking a sense of community.
2. Avondale
- Highlights: Nestled at the intersection of Yonge and Sheppard, with towering new builds in Ontario complementing the charming bungalows. The neighbourhood’s prime location, with easy access to the 401, subway lines, and bike lanes, makes it an ideal choice for commuters.
- Perfect for: Young professionals, families, and downsizers desiring convenient amenities and transportation options.
3. Annex
- Highlights: Renowned for its youthful energy, artistic flair, and rich history. With a lively atmosphere, the Annex offers a diverse culinary scene, trendy bars, and cozy cafes. Beyond the bustling main streets, the neighbourhood features tree-lined avenues adorned with charming townhouses for sale in Ontario.
- Perfect for: Artists young professionals, students, and individuals seeking a lively, culturally rich community.
Ottawa
Ottawa, Canada’s capital, blends urban life with natural beauty. The city boasts diverse neighbourhoods, from historic Old Ottawa South to trendy Hintonburg. Ottawa’s suburban areas offer tranquillity, while downtown living provides convenience.
1. Downtown
- Highlights: A hub of government, business, and culture. Its central location offers easy access to the city’s core amenities, making it a convenient choice for many residents. The area boasts a mix of pre-construction projects in Ontario and historic buildings, creating a dynamic cityscape.
- Perfect for: New condos for sale in Ontario, in this area, are perfect for government employees, professionals seeking a central location, and those who prioritize convenience and accessibility.
2. Old Ottawa South
- Highlights: A picturesque neighbourhood renowned for its historic charm and elegant homes. Tree-lined streets, beautiful parks, and a strong sense of community define this sought-after area. Residents enjoy easy access to the Rideau Canal, perfect for outdoor activities year-round.
- Perfect for: Families, professionals, and those who appreciate a blend of history and modern convenience.
3. Hintonburg
- Highlights: This neighbourhood is a haven for artists, musicians, and young professionals seeking affordable new Ontario condos. Its proximity to downtown makes it an attractive option for those who want to be close to the action.
- Perfect for: Young professionals, artists, students, and those who enjoy a lively, urban atmosphere may choose new developments in Ontario, in this area.
Oshawa
Once a powerhouse of automotive manufacturing, Oshawa is reinventing itself as a dynamic hub for innovation and culture. The city offers a diverse tapestry of neighbourhoods and pre-construction homes in Ontario, it’s an attractive place to call home.
1. O’Neil
- Highlights: The “Heart of Oshawa,” offers a range of homes from charming bungalows to impressive new projects in Ontario, catering to various lifestyles and budgets. Residents appreciate the strong sense of community, excellent schools, and proximity to essential amenities like the Oshawa Hospital.
- Perfect for: Families seeking a strong community, history buffs, and those who value a central location with a variety of housing options.
2. Lakeview
- Highlights: Residents enjoy an enviable proximity to Lake Ontario and the expansive Lakeview Park, offering a serene escape from city life. This idyllic setting is complemented by surprisingly affordable housing options compared to other parts of Ontario.
- Perfect for: Families, outdoor enthusiasts, budget-conscious homebuyers, and those seeking a tranquil yet convenient lifestyle may choose new pre-construction homes in Ontario, in this neighbourhood.
3. Vanier
- Highlights: A sought-after neighbourhood, offering a diverse range of new homes in Ontario. Its proximity to major shopping centres like the Oshawa Center, coupled with excellent transportation links including the 401, and 407 highways, makes it incredibly convenient for residents.
- Perfect for: Families, young professionals, students, and investors looking for a prime location with easy access to amenities.
Pros of Living in Ontario
- A Mosaic of Cultures: Ontario is a diverse and inclusive province with a rich cultural tapestry. Home to people from over 250 ethnic backgrounds, it celebrates multiculturalism through vibrant festivals and events. This diversity enriches the community and fosters a welcoming environment.
- A Playground for Every Lifestyle: From the serene landscapes of Algonquin Park to the vibrant energy of Toronto, there’s something for everyone. Enjoy outdoor adventures like hiking, fishing, and skiing, or immerse yourself in the thriving arts, culture, and culinary scenes of its major cities.
- Excellent Education System: Ontario is a leading education hub, home to world-renowned universities and colleges. The province offers exceptional learning opportunities, from early childhood to post-secondary education, empowering individuals to reach their full potential.
- World-Class Healthcare: Ontario boasts a comprehensive healthcare system providing universal access to quality medical care through Medicare. Residents benefit from a low uninsured rate and convenient access to well-equipped healthcare facilities.
Cons of Living in Ontario
- Winter Challenges: Ontario’s winters can be quite harsh, with temperatures often dipping well below freezing. While many enjoy the snowy landscapes and winter activities, those coming from warmer climates should be prepared for the cold.
- Population Density: Ontario’s population is concentrated in urban centers, resulting in a high population density. While this concentration offers access to a wide range of amenities and a thriving real estate market, including new pre-construction condos in Ontario, it can also lead to crowded living conditions and extended commute times.
Cities in Ontario
- Adelaide Metcalfe
- Adjala-Tosorontio
- Alberton
- Algoma District
- Allandale
- Almonte
- Alvinston
- Amherstburg
- Angus
- Archipelago
- Ardagh
- Armour
- Arthur
- Asphodel-Norwood
- Atikokan
- Attawapiskat
- Aurora
- Aylmer
- Baden
- Bancroft
- Barrie
- Bayham
- Beaverton
- Belleville
- Black River-Matheson
- Blandford-Blenheim
- Bluewater
- Bond Head
- Bowmanville
- Bracebridge
- Bradford West Gwillimbury
- Brampton
FAQs about New Condos and New Homes in Ontario
In Ontario’s housing market, the typical home now costs roughly $828,900. Breaking it down by type, detached homes average $866,200, condos come in around $518,700, and townhouses sit near $627,900 compared with last year’s prices.
New condos in Ontario offer investment potential, modern amenities, and lower maintenance for buyers.
As of October 25, 2025, Ontario’s real estate market is leaning toward buyers. Prices are softening, inventory is rising, and sales activity is slowly picking up. Province-wide, the sales-to-new-listings ratio sits at 38%, pointing to balanced-to-buyer-friendly conditions.
New developments in Ontario often feature on-site amenities like gyms, pools, community centers, and outdoor recreational spaces.
Yes, New Ontario condos offer lower entry costs, investment potential, and tax benefits.
Prime condo investment locations in Ontario include Toronto, Ottawa, and the GTA suburbs.
Condo prices in Ontario have slipped in 2025 due to high inventory, soft investor demand, and slower resale and pre-construction activity, with the provincial average at $518,700. For the rest of Q4, prices are expected to remain mostly flat or dip slightly, while a modest rebound of 2–4% could occur in 2026 if interest rates fall below 4% and job growth stays steady.
Major cities like Toronto offer extensive networks, while smaller towns and rural areas have limited options.
Typically, a 20% down payment is required for pre-construction condos in Ontario.
Pre-construction townhouses in Ontario can be a great choice for families, offering a balance of space, affordability, and community amenities.
Yes, Ontario boasts several top-tier universities, including the University of Toronto, McMaster University, and Western University.
Closing costs for a new condo in Ontario typically range from 1% to 4% of the purchase price and include legal fees, land transfer taxes, and other expenses.
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