Realty Insights · Downtown Toronto (C01 + C08)
A 1-Bedroom Now Costs Less Than a Studio Did in 2024
Five years of downtown sales data on studios and 1-bedrooms under 500 sq ft, and what it means if you're buying or selling small.
Watch the breakdown
The numbers
Studio vs. 1-bedroom, 2021 to today
Every studio and 1-bedroom condo under 500 sq ft with one bathroom that sold in downtown Toronto (TRREB districts C01 and C08), from January 2021 to September 26, 2026, broken down year by year: 3,279 sales in all.
Median sold price by year
*2026 is January 1 to September 26.
The full numbers
| Year | Studio median | 1-bed median | Bedroom premium | Studios sold | 1-beds sold | Studio DOM | 1-bed DOM | Studio sold/list | 1-bed sold/list |
|---|---|---|---|---|---|---|---|---|---|
| 2021 | $468,300 | $550,000 | $81,700 | 476 | 556 | 14 | 9 | 99% | 100% |
| 2022 (peak) | $511,063 | $589,933 | $78,870 | 289 | 357 | 10 | 10 | 100% | 100% |
| 2023 | $480,000 | $560,217 | $80,217 | 219 | 332 | 20 | 14 | 98% | 99% |
| 2024 | $438,000 | $525,000 | $87,000 | 163 | 244 | 28 | 24 | 98% | 98% |
| 2025 | $375,000 | $460,000 | $85,000 | 121 | 235 | 35 | 28 | 96% | 97% |
| 2026* | $342,245 | $423,500 | $81,255 | 112 | 175 | 30 | 27 | 96% | 97% |
DOM = median days on market. Sold/list = median sold price as a percentage of the list price. All figures are medians.
Change from the 2022 peak
Nearly the same dollar drop, but a bigger hit on the studio's smaller price.
Sales volume, 2021 vs. 2025
Studios fell from 46% of these sales in 2021 to 34% in 2025.
What it means
- 1-beds are on sale. The typical 1-bed under 500 sq ft sold for $423,500 in 2026, less than the typical studio in 2024 ($438,000).
- The bedroom premium never moved. A 1-bed has cost $79K–$87K more than a studio in every year since 2021, even as both fell.
- Buyers are leaving studios faster. Studio sales dropped 75% from 2021 to 2025, versus 58% for 1-beds.
- Neither sells fast anymore. Both now take about a month to sell and close at roughly 96–97% of asking, down from about 10 days at or over asking in 2022.
For buyers
Is now the time to buy small?
- 1-beds are selling for less than studios did two years ago
- Sellers are accepting 96–97% of asking, with a month to negotiate
- I'll show you which buildings are holding value and which aren't
For sellers
Own a studio or 1-bed downtown?
- Find out what your unit would sell for today, based on real downtown sales
- See how your building compares to the numbers on this page
- Get a plan to sell in a slower market without leaving money on the table
Source: TRREB MLS® data via REALM, pulled September 27, 2026. Sold condo apartments in Toronto C01 and C08 (all communities), approx. 0–499 sq ft, 1 washroom; studios = 0 bedrooms, 1-beds = 1 bedroom (units with a den included). 2026 covers January 1 to September 26. Figures are medians and are deemed reliable but not guaranteed. Samir Kumar, Sales Representative, RE/MAX Realty Services Inc., Brokerage.