The average price of a condo in Whitby, Ontario, has dropped by 20 per cent over the last year, even as the price of larger houses in the area continues to rise as of March 2026. This shift means the average price for a condo unit now sits at approximately $563,000, which is a much sharper decline than the 12 per cent drop recorded earlier this year.
According to the real estate data platform Zolo.ca, one-bedroom condos have seen their growth slow down significantly to just 4 per cent compared to much higher increases last year. Despite the lower prices for condos, the overall housing market remains active with houses selling in an average of 18 days. The average price for all home types in the community currently stays around $858,033.
Market analysts at TD Economics suggest that a surplus of new units and a slowdown in population growth are contributing to the lower prices for apartments across the region. This trend is mirrored throughout the province, as data from Bridge.broker shows that condos have faced larger price corrections than detached or semi-detached homes over the last year.
On March 18, 2026, the Bank of Canada decided to keep its main interest rate steady at 2.25 per cent. Real estate experts at Zoocasa noted that while the condo market is moving more slowly, the local region is still considered a high-value area for buyers looking for better prices than those found in larger neighbouring cities.
Looking toward the future, the Town of Whitby is moving forward with plans to support the construction of 18,000 new homes by 2031. These new buildings are part of a long-term provincial goal to prepare for the local population, which is expected to reach 240,000 residents by the year 2051.
