Properties For Sale in Toronto, Canada 2025

Foreign buyers interested in purchasing property in Toronto need to be aware of several legal requirements. Firstly, as of 2023, the Canadian government imposes a Non-Resident Speculation Tax (NRST) of 15% on properties situated in the Greater Golden Horseshoe Region, which includes Toronto. This tax applies to individuals who are not Canadian citizens or permanent residents. Additionally, buyers must ensure they have a valid Canadian address for correspondence and should engage a local real estate lawyer to facilitate the transaction and due diligence process, such as title searches and contract reviews.

Toronto is one of Canada's most vibrant and diverse real estate markets, often compared to cities like Vancouver and Montreal. As of late 2023, Toronto's average home price is approximately CAD 1 million, placing it among the highest in Canada. The city's market is characterized by high demand, driven by its economic opportunities and cultural attractions, which contribute to its status as a global city. Investors should note the city's resilience and potential for capital appreciation, although it also experiences price volatility influenced by economic policies and interest rate changes.

International buyers looking to finance property purchases in Toronto usually have a few options. Many Canadian banks offer mortgage services to non-residents, although these typically require a down payment of at least 35% of the property value. Interest rates can vary, and the buyer's credit history in their home country may be considered. It's advisable for international buyers to work with mortgage brokers who specialize in non-resident clients to navigate the complex requirements and secure the best terms.

Owning property in Toronto offers a plethora of lifestyle benefits. The city is known for its cultural diversity, which is reflected in its vibrant neighborhoods, culinary scene, and annual festivals. Toronto boasts a robust public transit system, including subways, streetcars, and buses, making commuting easy. The city also offers world-class educational institutions, healthcare facilities, and recreational areas, such as the Toronto Islands and High Park, which are ideal for families and individuals alike.

Toronto's property market has historically been a strong performer for long-term investments. Over the past decade, property values have seen consistent appreciation, driven by population growth and economic development. The city's stable job market and global reputation attract both domestic and international investors. While there can be short-term fluctuations due to economic cycles and policy changes, the underlying fundamentals suggest a continued upward trajectory, making it an appealing choice for long-term investment.

International buyers purchasing property in Toronto are subject to the same property taxes as Canadian residents. Property taxes are calculated based on the assessed value of the property and the municipal tax rate. It's important to note the Non-Resident Speculation Tax (NRST) for foreign buyers within the Greater Golden Horseshoe Region, including Toronto. Buyers should budget for these taxes and seek advice from a tax professional to understand their obligations and any potential tax treaty benefits between Canada and their home country.

Toronto is home to several sought-after neighborhoods for property investment. Areas such as Yorkville, known for its high-end boutiques and dining, and The Annex, with its historic homes and vibrant culture, are popular among affluent buyers. For those seeking potential growth, neighborhoods like Leslieville, with its trendy cafes and shops, and Liberty Village, with its modern condos and proximity to downtown, are worth considering. Each neighborhood offers unique investment potential based on its amenities, development plans, and demographic trends.

Toronto's public transportation system is a major factor influencing real estate investments, as it enhances accessibility and desirability of different neighborhoods. The Toronto Transit Commission (TTC) operates an extensive network of subways, buses, and streetcars, making properties near transit lines particularly attractive. Areas with good public transport links, such as those along the Yonge-University subway line or the new Eglinton Crosstown LRT, often see higher demand and value appreciation. Easy access to public transit is a critical consideration for both residential and rental property investments.

The condo market in Toronto remains dynamic and competitive as of 2023. Recent trends indicate a strong demand for condos, driven by urban professionals and downsizers seeking convenient and low-maintenance living options. The average price per square foot in Toronto's condo market is around CAD 1,200, with variations depending on location and amenities. The construction of new developments continues to rise, particularly in areas like downtown and midtown Toronto, reflecting the city's growing population and its continuous appeal to investors and homebuyers alike.