The one number that matters: months of inventory
Take a neighbourhood's active condo listings and divide by its own monthly sales pace: that's months of inventory (MOI) — how long the shelf would take to clear if nothing new listed. The old rule of thumb: under 4 months favours sellers, 4–6 is balanced, over 6 favours buyers.
Where downtown sits in mid-2026
- Waterfront Communities (C1) — the King West/CityPlace/Harbourfront supercluster and the GTA's biggest condo pool: about 6.1 months of inventory, median sold price around $640,000.
- Church–Yonge Corridor — roughly 7.9 months; one of the heaviest shelves in the core.
- Bay Street Corridor — about 5.4 months, helped by steady demand near the hospitals and universities.
- Niagara / Fort York — about 5.7 months; Moss Park — about 6.7.
Read together: most of the core is sitting at or past the buyer's-market line. And the clearing prices agree — across the GTA condo market, roughly 86% of closings in our 90-day window settled below asking, with sold-to-asking ratios in the core clustering near 96–97%.
If you're buying downtown
This is the most leverage a downtown condo buyer has held in years. Conditions — financing, inspection, status review — are back on the table, and a data-grounded offer under asking is a normal opening, not an insult. The discipline: leverage varies block by block, so check the pocket, not the headline. Our Market Pulse tracks all 57 GTA pockets live, no registration required.
If you're selling downtown
Homes are absolutely still selling — about 103 per month in Waterfront C1 alone. What's changed is the price of optimism: list above the comparables and you join a long shelf; price on the real closings and you transact. The 4% gap between asking and sold is where preparation, presentation and negotiation earn their keep.
If you're holding an investment unit
Soft resale pricing plus a firm rental market changes the hold/sell math — and Toronto's 3% Vacant Home Tax makes "leave it empty" the one strategy that definitely loses. We'll run lease-out income against a realistic sale figure from the same data above, and tell you plainly which way it points.
Want the pocket-level numbers, live?
Market Pulse ranks all 57 GTA condo pockets by months of inventory and what homes actually fetch — the same data this article is built on, updated regularly.
Source: Toronto Regional Real Estate Board MLS® System data via licensed feed — condo-apartment closings, 90 days to June 9, 2026, and active listings as of June 9, 2026. Aggregated statistics only; neighbourhood figures use TRREB community boundaries and require at least 15 closings. Originally published early 2025; rebuilt with current data June 2026. This article is general information, not legal or financial advice — speak with a Realtor®, or a lawyer where noted, about your situation. NestAbode · Right at Home Realty, Brokerage.