York Mills Condo Market: Trends, Prices, and Predictions for 2024

Katy Torabi


The York Mills neighbourhood in Toronto is synonymous with upscale living and is highly regarded for its luxurious condos, prime location, and desirable lifestyle amenities. The condo market trends in York Mills are influenced by unique factors, from local demographics to larger economic trends. Understanding these influences will help both buyers and sellers navigate the market successfully. Here are the latest trends, pricing insights, and predictions for York Mills' condo market in 2024.

Current Trends in the York Mills Condo Market

  1. Demand and Inventory: Over the past year, York Mills condos have seen consistent demand despite market fluctuations. Demand remains high among young professionals, downsizing retirees, and investors. Inventory, however, has been limited due to the desirability of the area and a scarcity of new developments.

  2. Luxury Market: As a high-end market, York Mills caters to buyers seeking spacious condos with premium finishes and amenities. This segment of the market has shown resilience, with buyers willing to pay a premium for exclusivity.

  3. Remote Work Influence: The rise of remote work has shifted some buyers' preferences toward larger condos with additional rooms that can be used as home offices or flexible spaces.

  4. Sustainability Features: Eco-friendly and energy-efficient features have become increasingly popular among York Mills buyers, leading developers to prioritize sustainable building practices.
These trends are shaping the way buyers and sellers approach transactions and determine which condo features will continue to be in high demand.

Pricing and Market Insights

  1. Average Prices: The average price per square foot for York Mills condos remains high due to limited supply and strong demand. While some segments have seen slight price adjustments, high-end units continue to fetch premium prices.

  2. Price Growth: Year-over-year price growth has stabilized, with steady appreciation expected in the coming year. Units with luxury amenities, scenic views, or proximity to transit continue to perform exceptionally well.

  3. Rental Market: The rental market for York Mills condos has remained competitive due to high demand and increasing rents. Investors have found success renting out their units for steady returns, and this trend is likely to continue.

  4. Time on Market: The average time on the market for York Mills condos remains relatively low compared to other neighbourhoods, signalling a healthy market.
These insights will help buyers set realistic expectations and guide sellers in pricing their properties appropriately.

Predictions for 2024

  1. Steady Demand: Demand is expected to remain strong throughout 2024 due to continued interest from luxury buyers, downsizers, and investors. The desirability of York Mills will continue to draw those looking for quality amenities and a prestigious address.

  2. Supply Challenges: New condo developments are unlikely to keep pace with demand due to limited available land and strict zoning regulations. This will keep supply tight, particularly for larger units.

  3. Price Appreciation: While prices are expected to appreciate, the growth will likely be moderate. Some segments may stabilize due to economic uncertainty and changing buyer preferences.

  4. Customization and Flexibility: Buyers are increasingly seeking condos that offer customization options or flexible layouts to accommodate evolving needs. Developers and sellers should consider how to market these features effectively.

  5. Investment Potential: Investors will continue to see potential in York Mills condos due to strong rental demand and steady appreciation. Short-term rental regulations may influence their strategies, leading some to focus on longer-term rentals.
Overall, the rest of 2024 is looking promising for York Mills real estate, provided buyers and sellers stay informed and adapt to emerging trends.

Strategies for Buyers and Sellers


  • Secure mortgage pre-approval to establish a realistic budget and strengthen offers.
  • Act quickly when suitable listings become available due to high competition.
  • Consider future needs and resale potential when evaluating condos.


  • Stage and present units effectively to emphasize their unique features.
  • Price properties competitively based on recent comparable sales and market trends.
  • Work with agents who understand the nuances of the York Mills real estate market.

Find Your Ideal York Mills Condo with Katy Torabi

Navigating the condo market trends in York Mills requires in-depth knowledge and expertise to secure favourable results. Katy Torabi is ready to assist buyers and sellers with personalized guidance and up-to-date insights.

Reach out to Katy Torabi for assistance with York Mills real estate and start your journey toward a successful condo transaction in this prestigious neighbourhood.

*Header photo courtesy of Katy Torabi’s website

Katy Torabi

Katy Torabi

B.Eng. | Broker of Record

About the Author

Royal Lepage Real Estate Services Katy Torabi ., Brokerage

Very few real estate professionals can match Katy Torabi when it comes to accolades, career sales, or sheer skill.
A record-breaking, award-winning broker, Katy 's portfolio includes some of the most prominent and expensive properties in Toronto and beyond. 
With over $1 billion in career sales under her belt, she has branded herself as a leading luxury real estate broker.
At the core of Katy ’s success is her caring and hardworking attitude, which manifests across several facets of her professional and personal life. Aside from her pioneering work in real estate, she is also known for supporting a wide range of philanthropic causes and community building initiatives. Katy is a consistent advocate of women's empowerment and children’s welfare.
A highly sought-after luxury broker with in-depth knowledge of the Central Toronto markets, Katy 's steady hand and top-notch expertise ensure the best outcomes for her valued clients.

Background & Notable Achievements

The early years

Katy Torabi began her real estate journey in 2009. Just roughly a year into her career, she struck success almost immediately. 

Coming off a string of incredible achievements, Katy Torabi incorporated her own brokerage in 2017.

Since then, Katy hasn't looked back. She has continued to shatter sales records while representing numerous A-listers and high profile clients — eventually becoming one of the most prolific and in-demand luxury realtors in Toronto.

Katy Torabi Today

It’s been about Twelve years since Katy started her career, yet her ability to deliver outstanding results has remained consistent.
Katy ’s pioneering approach in the luxury marketplace, plus her knack for bringing success to her clients, has garnered her a plethora of awards and recognitions:
  • Royal lePage Chairman’s Club, National Top 1%.
  • Top Ten Individual Designated.
  •  One of the 100 Most Influential Real Estate Agents in Toronto.

Why Clients Love Working With Katy Torabi

  • Katy values constant innovation. It's the reason why she has remained at the top throughout her decades-spanning career Incorporating the latest technologies available. 
  • Her attention to detail is unmatched. With Katy by your side, expect every detail of the transaction to be taken care of.
  • Katy believes in honor and integrity. Her code of ethics is one of the main reasons why she has risen to become a legend in international luxury real estate. Katy is dedicated to doing what is right for her clients and respects everyone she works with.
  • Her expertise in international luxury real estate is unparalleled. Katy and her team can meet the demands of a wide variety of clients. Furthermore, Katy is committed to passing on her skills and knowledge to a new generation of high-caliber professionals.

Commitment to Philanthropy and Community Building

Cementing her lofty status in international luxury real estate has only strengthened Katy's passion for giving back. For decades she has been championing various philanthropic causes and local community initiatives. Katy always finds the time to give back to the community she's a part of and uplift those who have been marginalized.


Katy is dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact Katy today to discuss all your real estate needs!