Thinking about buying your first condo in Toronto? You’re in the right place, especially with prices starting to cool and more affordable options entering the market.
I've put together a curated list of Toronto condos priced between $400,000 and $600,000, perfect for first-time buyers looking to get into the market without overextending. Plus, you’ll get instant access to my free First-Time Condo Buyer Guide—your step-by-step playbook for navigating today’s buyer-friendly market with confidence.
Get the guide. Browse the list. Take your first step toward condo ownership today.
Welcome to the Market!
Buying your first condo in Toronto is a big milestone—but with so much information (and misinformation) out there, it can feel overwhelming. This step-by-step guide is built to help you move forward with clarity, confidence, and the right strategy in today’s market.
Step 1: The Toronto Condo Market Is Shifting—In Your Favour
After years of soaring prices, Toronto’s condo market is becoming more affordable, giving first-time buyers a rare advantage.
Opportunity alert: With rising rents and softening prices, this is one of the best windows in recent years for first-time buyers to get into the market.
Step 2: Get Pre-Approved for a Mortgage
Start with a mortgage pre-approval. It sets your budget, makes you a stronger buyer, and helps you act quickly when you find the right condo.
Benefits of pre-approval:
Need a lender referral? I work with mortgage pros who specialize in first-time buyers.
Step 3: Choose the Right Neighbourhood for Your Lifestyle
Toronto is a city of micro-markets—each neighbourhood offers something different. Your lifestyle and long-term plans should shape your decision.
Examples:
Trends to watch: Pre-construction vs resale, maintenance fees, and proximity to transit (think: Line 1 and Ontario Line expansions)
Bonus Tip: Look at buildings near future transit lines or revitalization zones—they often see faster appreciation
Step 4: Buy vs. Rent — What Makes Sense Right Now?
With rents climbing and prices softening, many Torontonians are reconsidering whether to rent or buy.
✅ Buying a Condo: Pros
❌ Buying a Condo: Cons
✅ Renting a Condo: Pros
❌ Renting a Condo: Cons
Bottom line: If you plan to stay in Toronto for 3+ years, buying often makes more financial sense—especially in today’s buyer-friendly market.
Step 5: Work With a Realtor Who Puts First-Time Buyers First
As a buyer, your agent’s services are free.
Your agent should be more than just someone who shows you listings. You need someone who knows the market, protects your interests, and educates you along the way.
What I offer:
Step 6: Understand Condo Fees and Ownership Costs
Condo living comes with unique monthly fees and responsibilities. Knowing what’s included (and what’s not) can help you avoid surprises.
Typical condo fees cover:
Also important:
I’ll walk you through every clause before you commit—no fine print confusion here.
Step 7: Make Your Move With Confidence
Found the one? Here’s what happens next:
Pro tip: Don’t forget to budget for closing costs (approx. 1.5%–4% of the purchase price), including:
Ready to Own Your First Condo in Toronto?
Whether you’re buying for lifestyle, stability, or long-term investment, this is a rare moment where the Toronto market is tilting in your favour.
Ready to Talk Strategy?
The Toronto condo market is shifting—and so should your game plan.
Maybe you're just starting to explore your options, or you're ready to buy in the next few months. A 30-minute strategy call can give you the clarity you need to move forward with confidence.
📅 Book Your Free 30-Minute Buyer Strategy Call Today
Let’s figure out the smartest path to your first condo—together.