Toronto Buyers Are Combining Condo Units

In Toronto's tough presale market, two condo projects have still attracted buyers by focusing on end users, not the fast-moving investors who once dominated.
A boutique project near Yorkville and the Annex is ~40% sold, with many buyers combining smaller suites into homes averaging ~$3M before customization.
A north Toronto project is ~35% sold after cutting planned units to ~500, creating more spacious layouts, including many two-bedroom and some three-bedroom homes.
Both projects have leaned into downsizer demand, with buyers seeking luxury or better livability, while accepting a slower sales cycle than Toronto's past boom.
One Toronto project is building with its own capital despite modest presales, while the other targets construction in 2027 after reaching financing thresholds.