Rent or buy a condo in the GTA?
Monthly cost to own vs. rent, size for size. TRREB data, Aug to Oct 2026.
$367 more a month to buy
Real cost, after the equity you build. Out of pocket: $600 more than rent.
Monthly mortgage payment
Condo fees, property tax, insurance
All-in monthly cost
Your rent
More than your rent each month
Pays off your loan (stays yours)*
Land transfer tax and legal, spread over your stay*
What your down payment could earn instead*
Real extra cost of buying
Get my building's numbers, free
*Averaged over the years you plan to stay. The monthly figures assume the price stays the same and leave out selling costs. Beats renting means that when you sell, you have more money than if you had rented and kept your down payment invested. That line includes selling costs (5% commission plus HST).
Source: TRREB data via Habistat, condo apartment sales and leases, Aug 1 to Oct 31, 2026 (medians). Estimates for planning, not a mortgage quote.