Here's where you'll find the cheapest condos in and around Toronto right now Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Condominium apartments, once seen as the affordable alternative to houses in Toronto, have been growing more and more expensive in recent months as people take advantage of low interest rates and pandemic-led supply bumps to enter the market. Yes, even despite all of the tiny downtown condos being put up for sale since last March, demand remains strong enough to drive prices up across the board — and not only in the City of Toronto proper, but in outlying suburbs and towns.