Buying a home is often as much about building equity as it is about finding a place to live—especially in markets like Toronto and the GTA. Ideally, the longer you live in your home, the higher your return on investment will be. That’s why homebuyers often ask questions like, “will this house increase in value?” and “is a condo in Toronto a good investment?”
We took a look at some numbers. By comparing average condominium prices for 2018 and 2023, sourced from the Toronto Regional Real Estate Board, we can see how much equity buyers built over this specific time period. And while virtually every neighbourhood saw a change in equity growth—and many areas saw substantial growth—Ionview, West Hill, Scarborough Village, Kennedy Park, and The Beach saw the largest percentage increases.
So if you’re wondering if purchasing a condo in Toronto’s east end is a smart investment, past performance makes a compelling case—and it’s likely you’d build even more equity in the long term.
Looking to move to a new neighbourhood, or wish you bought five years ago? Don’t wait another year— contact our team to answer the question “Is a condo in Toronto a good investment?“
