New Construction Homes, Condos & Townhomes in Toronto

Thinking about buying a new home in Toronto, Ontario? Pre-construction homes—whether condos, townhouses, or single homes—give you the chance to customize your space before it's even built. Plus, with Toronto’s growing real estate market, it’s a smart investment for the future!

Top new pre construction homes for sale in Toronto

1. The Well – Classic Series - Location: 474 Wellington Street West Toronto, Ontario, M5V 1E3
2. Tricycle Condominiums - Location: 1151 Markham Rd. Scarborough, ON M1H 2Y5
3. Concord Canada House - Location: 88 Queens Wharf Road, Toronto ON M5V 0P2
4. Raglan House - Location: Suite 300 – 95 St Clair Ave W., Toronto, ON M4V 1N7, Canada
5. Freed Hotel & Residences - Location: 240 Adelaide Street West, Toronto, ON M5H 1W7
6. Raglan House - Location: Suite 300 – 95 St Clair Ave W., Toronto, ON M4V 1N7, Canada
7. Lily at Crosstown - Location: 844 DON MILLS RD NORTH YORK, ON M3C 1V7
8. Bellwoods House - Location: 737 Queen St W, Toronto, ON, M6J 1G1

Toronto

Toronto is the capital of Ontario and the largest city in Canada. It spans 630 square kilometers and sits along the shores of Lake Ontario. While most of the city is flat, some areas have hills, adding to its unique landscape. Toronto is the most populous city in Canada and fourth most populous city in North America .

Living in Toronto’s Neighborhoods

Toronto is one of the world’s most cosmopolitan cities and a major hub for immigrants from around the globe. Its neighborhoods are incredibly diverse, home to people from various cultural, ethnic, and economic backgrounds. The way different communities live together in the same neighborhoods makes the city even more welcoming for future immigrants. Festivals in Toronto:

• Canadian Music Week 🎵
• Cavalcade of Lights ✨
• Doors Open Toronto 🏛️
• Bud Light Dreams Festival 🎶
• Honda Indy Toronto 🏎️
• Beaches International Jazz Festival 🎷
• Hot Docs International Documentary Film Festival 🎬

Leading Neighbourhoods in Toronto

Runnymede-Bloor West Village Playter Estates Danforth Moss Park

Casa Loma	Wychwood	Yonge-Eglinton
Yorkdale Glen Park	Lawrence Park North	Yonge-St. Clair
Mount Pleasant West	Bay Street Corridor	Annex
Corso Italia Davenport	Leaside Bennigton	Danforth
Bedford park - Nortown	Kingsway South	North Riverdale
High Park North	Old East York	The Beaches

House Market of Toronto

Toronto builders prefer condos/condominiums over rental buildings entirely driven by the fast money in condos/condominiums business. Very tiny percentage of residential properties are built as rental buildings. Rental buildings aren't budget friendly either. So, condos and condominiums maintain their consistent demand. Rental Property Types in Toronto,Ontario:

• Condo condominiums:89.1%
• Rental Buildings: 10.9%

Real estate investors prefer condos because they offer quick returns on investment. This housing trend is expected to continue in the future. Toronto’s condo market is thriving, driven by strong and consistent interest from investors.

Mortgage terms

When buying a house in Toronto, you need to pay at least 20% of the purchase price as a down payment. Mortgage rates can vary significantly based on the lender, down payment amount, mortgage type, and insurance.

Canada Property taxes and other taxes details

Toronto’s property tax system is based on the assessed value of your home, which can be quite different from its market value. With a property tax rate of 0.599704%, Toronto’s taxes are lower than many other areas. The final tax amount is determined by multiplying the tax rate by the assessed property value. Income tax rate can vary according to your taxable income.

• 5.05% on the first $44,470 of taxable income,
• 9.15% on the income over $44,470 up to $89,482
• 11.16% on the income over $89,482 up-to $150,00
• 12.16% on the income over $150,00 up-to $220,000

Land Transfer Tax(LTT)

When buying a house or land in Toronto, you must pay Land Transfer Tax (LTT) at closing. This is a marginal tax, meaning different portions of your property’s value are taxed at different rates. In Toronto, buyers must pay both provincial and municipal LTT.

How much does it cost to live in Toronto?

Toronto isn't exactly a budget friendly place to live but it is worth the money if you can afford it. The average living cost in Toronto is around $32,885 per year. The major part of your income has to be kept aside for shelter/household expenses.

Estimated monthly Cost on above categories:

( Movies, Weekend Getaway, Night outs, Facny Dining )

• $1672.13 on rent/mortage
• $354 on entertainment

(Monthly Bus Fare, Maintenance cost if you own a vehicle )

• $283.60 on groceries
• $176.25 on transportation

(Gym Membership, Diet Cost, Trainer Fees )

• $127.50 on phone and internet
• $75 on fitness

(Home Insurance, Life Insurance, Vehicle Insurance)

• $52 on insurance

Streets, Parking & Transportation in Toronto

The Toronto Transit Commission (TTC) is the city’s main public transportation provider, offering subways, streetcars, and buses. Riders can purchase daily or weekly passes for unlimited travel. Beyond the TTC, you can also get around by ferry, taxi, car, or bike. If you prefer biking, Bike Share Toronto is a convenient option, with around 300 stations across the city. A $7 pass gives you unlimited 30-minute rides for an entire day, making it easy to explore Toronto on two wheels!

Parking:-

It is not a difficult task to find a parking spot in Toronto if you know where to look. The parking fare varies between $1-$4 per hour depending on the area of the city. Sometimes you might be able to utilize temporary on-street free parking but mostly you will have to pay. Major streets of Toronto:

• Queens Quay
• Mill Street
• Front Street
• Queens Street
• Wellington Street
• King Street
• Adelaide street
• Estern Avenue
• Lake Shore Boulevard

Canada Weather of Toronto

Toronto is one of Canada’s warmer cities, yet snow covers the ground for about 65 days a year on average. The city's weather is heavily influenced by Lake Ontario, bringing warm summers and harsh, unpredictable winters that can feel long. Snow deeper than 1 cm is common from late December to early March. However, thanks to Lake Ontario, Toronto’s winters aren’t as extreme as they could be.

Canada Education System in Toronto

Toronto is a leading hub for education, research, and innovation in Canada. The city is home to world-renowned academic institutions and a highly educated population, making it a key center for learning and advancement. Toronto has hundreds of private and public schools offering quality elementary and primary education. Some of the top schools include: Private Schools:

• Upper Canada College (SK-12)
• Royal St. George’s College (3-12)
• University of Toronto Schools (7-12)
• St. Andrew’s College (5-12)

Public Schools:

• Old Orchard Public School (K-6)
• Pape Avenue Public School (K-6)

University costs

Tuition fees in Toronto vary by university, with international students typically paying much higher costs than local students. On average, a 4-year university program costs around $63,603, excluding residence and other expenses. Most Popular Courses:

• Architecture
• Commerce and Management
• Medical Engineering
• Computer Science
• Psychology

Favourable areas for students residence

Most parts of Downtown Toronto pretty much fulfill the safety standards. But if you are intending otherwise, then some of the favourable residential neighbourhoods

• The Annex
• North York
• Trinity Bellwoods
• Don Mills
• Greektown

Health Care System in Toronto

If you apply for public health insurance, you can receive free healthcare services in Toronto. To qualify for the Ontario Health Insurance Plan (OHIP), you must be a resident of Ontario for at least 3 months and be either a Canadian citizen or a permanent resident. BestHospitals in Toronto:

• Toronto General Hospital
• St. Joseph’s Health Care
• The Salvation Army Toronto Grace Health Care
• Toronto Western Hospital
• Mount Sinai Hospital
• University Health Network

Food scene of Toronto

Toronto’s population is very diverse and it has a great impact on the city’s food scenario. You get a large variety of cuisines to choose from. Different cuisines are especially popular in different parts of the city. It won't be wrong to say that you will definitely find your taste in Toronto.

Popular cuisines in different parts of Toronto

Toronto is a food lover’s paradise, offering diverse cuisines from around the world. Different neighborhoods are known for their signature dishes and cultural flavors. Here are some popular cuisines in various parts of the city:

• Chinatown – Authentic Chinese, Dim Sum, and BBQ
• Little Italy – Classic Italian pasta, pizza, and espresso
• Greektown (Danforth) – Delicious Greek souvlaki, gyros, and baklava
• Koreatown – Flavorful Korean BBQ, kimchi, and bibimbap
• Little India – Spicy Indian curries, biryani, and samosas
• Kensington Market – Eclectic mix of Mexican, Caribbean, and vegan eats
• Little Portugal – Traditional Portuguese seafood, piri piri chicken, and custard tarts
• Scarborough – Famous for Sri Lankan, Middle Eastern, and Caribbean cuisine

Toronto for Doing Business

Toronto is not just Canada’s business and finance hub but also a top global financial center. The city is experiencing rapid growth across various industries, including food and beverages, technology, fashion, arts, life sciences, film, TV production, and music. It is home to the headquarters of many global financial service companies, and its large population creates a thriving environment for businesses of all kinds.The GDP growth rate of Toronto is approximately 3.3%.

Pride of Toronto

There are some of the prestigious awards and tributes which are presented every year to appreciate every contribution for Toronto’s glory.

• Agnes Macphail Award
• Access, Equity and Human Rights Award
• Toronto Urban Design Awards
• Toronto’s Greenest Choice
• The Pam McConnell Award For Young Women in Leadership
• The Mayor's Community Safety Awards
• Toronto sport Hall of Honour
• Garden Contest

Tributes

• Flag-Raising and Half-Masting
• Remembering HRH Prince Philip
• Proclamations, Congratulatory Scrolls and Letters of Greeting
• Commemorative Tree and Bench Program
• Key to the City
• Fallen Firefighter Memorial
• Toronto Paramedic Service Memorial Wall
• Freedom of the City
• Toronto Remembers

Getaways and Nightlife in Toronto

Toronto is a vibrant city with exciting nightlife and plenty of weekend getaway options. Whether you want to dance the night away or take a break from the city, there’s something for everyone.

Nightlife in Toronto

Toronto is one of Canada’s top nightlife destinations, featuring nightclubs, bars, and pubs with international DJs and live music. Whether you’re into upscale lounges or energetic dance floors, the city has plenty to offer. However, keep in mind that nightlife in Toronto can be expensive.

Weekend Getaways Near Toronto

Sometimes, a quick escape from the city is just what you need. Here are some amazing destinations within a short drive from Toronto:

Niagara Falls (1.5-hour drive)

Niagara Falls is the ultimate getaway from Toronto, offering breathtaking views and exciting attractions. Accommodations vary for different budgets, but Falls-view rooms are worth the splurge. In addition to the falls, you’ll find casinos, wineries, and adventure activities.

CN Tower (Downtown Toronto)

You don’t have to leave the city for this architectural wonder. The CN Tower offers stunning panoramic views, and while it may be pricey, the experience is unforgettable. A must-visit landmark in Toronto!

Royal Ontario Museum (ROM) (5-minute ride from downtown)

The largest museum in Canada, the ROM houses over six million artifacts and forty galleries, covering everything from natural history to world cultures. The building’s unique architecture is also a major attraction.

Blue Mountain & Collingwood (2-hour drive)

A perfect year-round getaway, Blue Mountain offers hiking, skiing, and stunning views. If visiting in summer, the Elvis Festival is a must-see!

Algonquin Provincial Park (3-hour drive)

For those seeking peace and nature, Algonquin Park is the ideal escape. Whether you prefer fishing, hiking, or simply relaxing by the lake, this park is a perfect retreat from city life.

Ripley’s Aquarium (Downtown Toronto)

One of Toronto’s most fascinating attractions, Ripley’s Aquarium features over 15,000 marine creatures. The highlight is the underwater tunnel, where you can walk through a lagoon filled with sharks, sawfish, and sea turtles.

Wasaga Beach (2-hour drive)

The world’s longest freshwater beach, Wasaga Beach is a favorite summer getaway for Torontonians. The lively beach town adds to the experience, and on warm days, expect a big crowd enjoying the sun and waves.

conclusion:

Toronto’s real estate market is booming with numerous new construction homes, condos, and townhomes, catering to various buyers and investors. If you're looking for pre-construction condos in Toronto under $500K, options like The Forest Hill Condominiums, Blvd. Q, and The Dawes Condos offer excellent investment opportunities. Prominent locations such as 45 The Esplanade, 100 Lombard Street, 2150 Lake Shore, and 859 Eglinton Avenue West provide modern living with convenient access to transit, entertainment, and shopping. For those interested in new builds in Toronto, developments like Q Tower Condos, Allure Condominiums, The Addisons Residence, and Forest Hill Condos are redefining urban living. The demand for new construction homes in Ontario under $500K continues to rise, with areas like Kipling & Dundas, Cliffside Apartments, and Keeley Condos attracting homebuyers and investors alike. Popular townhomes and condominiums such as Olive Residences, Westline Condos, 8 Temple Condos, and Motto Condos present lucrative real estate opportunities. If you are looking for a prime location, Toronto new housing developments such as River & Fifth, Birchley Park Condos, Dundas-Kipling, and The Narrative Condos offer modern designs and world-class amenities. Additionally, developments like 145 St. George Toronto, 200 Queens Quay West, 252 Church Street Toronto, and 2150 Lake Shore Boulevard West Toronto provide waterfront views and excellent connectivity. Investors and homebuyers searching for new condominiums in Toronto, pre-construction detached homes in Toronto, or new construction townhomes in Toronto will find a variety of options at 5251 Dundas St West, 210 Bloor Street West, 4569 Kingston Rd, and 2151 Kingston Road Toronto. Whether you’re looking for luxury condos like The Bedford Toronto, affordable pre-construction homes in Toronto, or townhomes in Kipling Station, there’s something for everyone. With projects like The Rise on Fifth, The Esplanade Toronto ON, Toronto new condos, and Pre-construction condos downtown Toronto, investing in Toronto’s new housing market is a smart choice. Whether it’s Oscar Residences, 123 Portland Street Toronto, or Clonmore Drive, the city offers a dynamic and competitive real estate landscape, perfect for those looking to buy or invest in new construction homes, condos, and townhomes in Toronto