If you’re planning to buy a home in Toronto this year, one of the first—and most personal—questions you’ll face is this:
Should I buy a condo or a house?
It’s a decision many Toronto buyers are wrestling with in 2025. And with the market evolving, price gaps shifting, and lifestyle demands changing, there’s no one-size-fits-all answer. But there is a smart way to approach it.
The Price Gap Isn’t What It Used to Be
In the past, houses were seen as the clear next step up. But today, the price gap between high-quality condos and freehold homes has narrowed significantly.
Condos in desirable central Toronto neighbourhoods typically range from $1M to $2M. Freeholds, depending on location and condition, often start around $2.2M and can easily climb above $3.5M.
But purchase price is only part of the equation. Freeholds come with higher ongoing costs—maintenance, insurance, landscaping, and unpredictable repairs. For busy professionals or families balancing multiple priorities, this is a serious consideration.
Space Isn’t Everything—Lifestyle Is
Many relocating families or move-up buyers prioritize square footage. But in Toronto, it’s often how you use the space—and where you’re located—that defines your lifestyle.
CHOOSE A HOUSE IF:
- You value privacy, outdoor space, or a multigenerational layout
- You’re ready to invest time and resources into the property
- You want long-term control over the building
CHOOSE A CONDO IF:
- You prefer a low-maintenance, turnkey lifestyle
- You travel frequently or value building amenities and security
- You want a central location with walkability, transit, and schools nearby
Learn more from the following articles:
- Pros and Cons of Condo Living: Is It Right For You?
- Pros And Cons Of Living In The 5 Most Prestigious Toronto Neighbourhoods
Location May Matter More Than the Property Type
A well-designed condo in Summerhill may offer a stronger long-term investment than a detached home in a far-out suburb. The best neighbourhoods—Rosedale, Leaside, Lawrence Park, Forest Hill—have long been stable value zones.
Buyers often overlook the benefits of central infrastructure, proximity to high-ranked schools, access to healthcare, and daily commute time. These factors influence both resale value and quality of life more than many expect.
Resale Performance: Freehold vs. Condo
Historically, freeholds have recovered faster after market corrections. But the condo segment has matured—and not all condos are created equal.
Well-managed, low-turnover buildings with timeless architecture and functional layouts continue to hold value, particularly in established neighbourhoods. The key is to look past flashy finishes and consider long-term livability.
Final Thoughts
Choosing between a condo and a house isn’t just a market decision—it’s a lifestyle decision. The smartest buyers in 2025 are those who think not just about where they want to live, but how they want to live.
If you’re unsure which direction is right for you, I can help you think through the financial, emotional, and strategic angles of both options—whether you’re buying your first home, relocating, or making a move within the city.
Send an email at olena@agentolena.com or call 647.294.3039 to get started.
