PropertyMesh Research

Ontario Condo Market Heat

Condo apartments trade in their own rhythm — higher listing turnover, more investor supply, and market conditions that can diverge sharply from freehold houses in the same city. This report tracks how fast condos sell, how sale prices compare with original asking prices, and where cuts are spreading, with relisting chains merged. Condo townhouses are covered in the townhouse report.

Report period: 2026 Q2
Status: REVISED
Eligible sales (Condo Apartment): 5,526
Methodology: v1.1 · full notes

Finalized August 27, 2026 — these figures are frozen and will not change without a visible revision note.

Analyst commentary — 2026 Q2

Commentary for this report period has not been published yet. The figures on this page come straight from the finalized snapshot data above.

Condo Apartment — Ontario at a Glance (2026 Q2)

5,526 eligible condo apartment sales analysed this period.

42 days

Median market time (CDOM, days) (Ontario)

39.4%

Sold within 30 days (%) (Ontario)

13.4%

Sold at/above original asking (%) (Ontario)

95.1%

Median sale-to-original-list ratio (Ontario)

Fastest Condo Apartment Markets

Ontario cities ranked by Condo Apartment median market time
City	Median market time	Eligible sales
1Markham	31 days	182
2Whitby	34 days	28
3Pickering	35 days	43
4Kingston	37 days	41
5Toronto	38 days	2,776
6Burlington	40 days	118
7London	42 days	115
8Ottawa	42 days	469
9Vaughan	44 days	206
10Mississauga	45 days	381

Cities below the disclosure floor are excluded — sample sizes shown per city. Full table, every metric and every city: open the interactive index.

Property-type cells use a 25-eligible-sale disclosure floor. Filtered index view: Condo Apartment across every metric.

Condo Apartment in the Major Markets

The largest qualifying condo apartment markets by sample size, side by side across speed, asking-price performance, reductions and discounts.

Major-city comparison for Condo Apartment
City	Sales	Median market time	At/above asking	Sale ÷ original ask	Reduction rate	Median discount
1Toronto	2,776	38 days	15.0%	95.2%	17.7%	5.7%
2Ottawa	469	42 days	11.5%	96.2%	22.6%	4.4%
3Mississauga	381	45 days	15.5%	94.9%	17.6%	6.0%
4Vaughan	206	44 days	10.7%	94.4%	20.9%	6.3%
5Markham	182	31 days	19.8%	95.1%	17.0%	6.1%
6Burlington	118	40 days	9.3%	95.0%	23.7%	5.6%
7Richmond Hill	116	52 days	16.4%	94.2%	19.8%	7.2%
8London	115	42 days	8.7%	95.1%	20.0%	5.3%
9Oakville	100	51 days	11.0%	95.1%	21.0%	5.8%
10Hamilton	99	49 days	4.0%	93.4%	26.3%	6.6%
11Brampton	75	62 days	10.7%	93.9%	24.0%	7.1%
12Barrie	66	63 days	6.1%	94.0%	25.8%	6.4%

Where Condo Apartment Markets Are Moving

Year-over-year movement will appear here once the index has a full year of finalized quarters behind this one — the series starts in Q3 2025.

This report describes past sales of condo apartments and is not investment advice or a price forecast. Above-asking rates partly reflect list-low pricing strategies; discount medians are conditional on selling below the original ask. Semi-detached homes are covered inside the index's semi-detached filter rather than a standalone report — too few cities clear the disclosure floor for a reliable ranking. Full rules in the methodology.

Keep exploring

Ontario Market Heat Index
The full interactive index — every city, metric, period and property type.
Townhouse market heat
Includes the condo-townhouse cut alongside freehold rows.
Detached market heat
How the freehold end of the market compares.
Homebuyer negotiating room
Where the asking-to-sold gap is widest across all property types.
Methodology
How relisting chains, disclosure floors and frozen periods work.
Browse Ontario listings
See current condo apartments for sale across Ontario.