$300,000 Toronto Condos Are Back... But There’s a Catch 👀

Описание: $300,000 Toronto Condos Are Back... But There’s a Catch 👀
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►►Is the Toronto housing crash finally making living in downtown Toronto affordable, or are you just buying a $300,000 glorified shoebox? In this episode, we break down the reality of sub-$400,000 Toronto Condo listings in the 2026 Toronto Real Estate Market and whether "affordable" and "livable" can co-exist.

The #torontostar recently reported that Toronto Condo prices are dropping back down into the $300,000 range, which is a price point we have not seen in volume since 2018. While the real estate data suggests a 10x increase in units selling between $400K to $500K, there is a major catch regarding square footage, GDS ratios, and functional layout. We go beyond the headlines to crunch the numbers on three specific sold examples in downtown Toronto to see what you're actually getting and if your income even qualifies you for these entry-level condo units.

We also dive into the affordability paradox: why banks are currently more lenient on mortgage serviceability (GDS) for owners than landlords are on rent-to-income ratios for tenants. If you are a first-time buyer looking at "micro condos" or studio units in the GTA, this data-driven analysis will help you determine if you're finding a diamond in the rough or a financial trap.

In this episode, we cover:
– Why the share of Toronto Condo units sold under $500K has exploded in 2026
– A tour of a $239,000 micro Toronto condo and what it actually feels like
– The GDS Formula: How to calculate if a $40,000–$60,000 salary in Toronto can afford a condo mortgage
– Neighborhood Spotlights: Analyzing recent condo sales in Toronto
– Why You Need a Higher Income to Rent vs Buy
– How to fix layout issues in otherwise affordable condo units

00:00 - $300,000 Toronto Condos are BACK
02:30 - Sub $400,000 Toronto Condos Available
04:16 - $240,000 Condo Example
06:27 - $315,000 Condo Example
07:07 - $370,000 Condo Example
09:01 - Rent vs Buy in Toronto


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#torontorealestate #torontocondos #affordablehousing #affordablecondo #affordability #microcondo #buyingacondo #housingcrash #rentvsbuy

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