The market, in writing.
Quarterly reads on Toronto’s luxury condo market — what closed, what didn’t, and what to watch. Plus working calculators for HST rebate, land transfer tax, foreign buyer tax, and more.
Quarterly reads.
- Market ReportApril 28, 202612 min read
Forest Hill, on the hill proper.
Old-money provenance, UCC and BSS within the footprint, and the kind of detached-home density Toronto stopped building forty years ago. Condo product is rare; when it lists, it moves.
Read the report - Market ReportApril 28, 202611 min read
King West, the new addition.
KING Toronto by Bjarke Ingels, Thompson Hotel, TIFF Lightbox, and the densest restaurant strip in Canada. Toronto's culture-anchored luxury corridor.
Read the report - Market ReportApril 28, 202610 min read
The Bridle Path, by appointment only.
A roughly 100-home enclave of two-to-six-acre estates ten minutes from Yorkville. The condominium market here is a footnote — the houses are the market. Drake, Conrad Black, the $27.3M Park Lane Circle trade.
Read the report - Market ReportApril 28, 202612 min read
Rosedale, the green spine.
Toronto's leafiest old-money neighbourhood — heritage homes on ravined streets, two subway stops, and a small group of new heritage-base condos (No. 7 Dale, One Roxborough West, 1 Marlborough) that are quietly bringing a different buyer to the apex.
Read the report - Market ReportApril 28, 202611 min read
Yonge & Eglinton, midtown rebuilt.
Line 5 Eglinton opened February 2026. The Capitol Residences is finishing. Hariri Pontarini and Studio Munge are now building on Yonge at Castlefield. The midtown reinvention has stopped being theoretical.
Read the report - Market ReportApril 15, 202614 min read
Yorkville, the chapter of record.
Six blocks of Mink Mile retail, Mizrahi's One above, and a quiet density of buyers who choose this address for one reason: nothing else in Toronto sits at this altitude.
Read the report
Calculators.
- Calculator
Pre-Construction HST Rebate
Under the 2026 Ontario Budget, the new-construction HST rebate is full 13% relief (capped at $130,000) for homes under $1M, $80,000 flat from $1M to $1.5M, then phases down linearly to $24,000 at $1.85M and above.
- Calculator
Toronto Land Transfer Tax
Toronto MLTT was overhauled effective April 1, 2026. The new schedule jumps from 2.5% to 4.4% above $3M and tops out at 8.6% above $20M, applying to 1- or 2-unit single-family residences inside Toronto city limits.
- Calculator
Foreign Buyer Tax (NRST)
Ontario's NRST is 25% (since Oct 25, 2022) on Ontario residential purchases by foreign nationals. Exemptions: Ontario Immigrant Nominee, protected persons, and qualifying spouses. Full rebate available if buyer becomes PR within 4 years.
- Calculator
Deposit Schedule
Toronto luxury pre-construction deposit structures: 15% extended (luxury standard, $10K with offer plus 14.5% across construction), 20% standard (mainstream), or 35% international (foreign buyers).
- Calculator
Closing Cost Estimator
On a $5M Toronto luxury condo, total closing costs typically run $290K–$310K — Land Transfer Tax is the largest line ($271K), then legal fees ($5K), title insurance ($3K), property tax adjustment, condo fee adjustment, and (pre-con) Tarion enrolment.
- Calculator
Monthly Carrying Cost
Monthly carrying cost on a Toronto luxury condo includes mortgage (Canadian semi-annual compounding), property tax, condo fees, insurance, and utilities. A $3M Yorkville condo at 35% down and 5% mortgage typically runs $15K/month, or about 6% of price annualized.
- Calculator
Cap Rate
Cap rate is annual Net Operating Income divided by purchase price. Toronto luxury condos at the $3M–$10M tier typically run at 2.5%–3.5% cap rates as of 2026.
- Calculator
Assignment Sale
Pre-construction assignments in Ontario have been ALWAYS HST-taxable since May 7, 2022 (CRA Notice 323), and the federal anti-flipping rule treats sub-365-day assignment profits as 100% taxable business income. Non-Canadian assignees are blocked through Jan 1, 2027.
- Calculator
Currency Converter
Toronto luxury pricing in CAD, converted to USD/EUR/GBP/AED/HKD/CNY/CHF/JPY/INR using Bank of Canada mid-market rates. Bank wire rates land 1.5%–3% off mid-market after FX spread.