Buy or rent in Scarborough? This November 2026 report puts the cost of owning a condo next to the cost of renting one. 699 units were listed on November 1, 2026 at a median asking price of $499,500. Over the last 90 days 354 sold, at a median of $472,500. Leased units went for a median of $2,350 a month.
Buy or rent: Scarborough condos by size
The table compares the median asking price, the median sale over the last 90 days and the median monthly rent for each unit size. Gross yield is a year of rent divided by the sale price (or the asking price where there were too few sales), before fees, tax and vacancy. Studios and 1 bedrooms show the highest gross yield in Scarborough at 7.3%, which means the price equals about 13.7 years of rent. Take the median condo fee off the median rent and the yield across all sizes drops to about 4.2% before property tax.
| Unit size | Asking (median) | Sold, 90 days | Rent / month | Gross yield |
|---|---|---|---|---|
| Studios and 1 bedrooms | $400K | $361K | $2,200 | 7.3% |
| 2 bedrooms | $500K | $476K | $2,600 | 6.6% |
| 3 or more bedrooms | $625K | $619K | $2,950 | 5.7% |
What condo fees run in Scarborough
Half of the 693 listings that state a fee pay less than $695 a month, and half pay more. Per square foot that is about $0.78 a month, which is the fairer way to compare a large unit with a small one. Over a year the median fee adds up to $8,340, or 1.7% of the median asking price. It was $699 in October 2026. What the fee covers matters as much as its size: it pays for building insurance, the common areas, amenities and the reserve fund, and in many buildings heat and water as well.
Are Scarborough condos selling at asking?
Condos that sold in Scarborough over the last 90 days went for a median of 96.7% of their final asking price, and 15% sold for more than asking. The typical sold unit was on the market for 29 days. Sales are down 13% from the same 90 days last year (407), and the median sale is down 11% from $530,000.
Buildings with the most units listed
A cluster of listings in one tower is worth a closer look: it can point to motivated sellers or simply a very large building. The busiest Scarborough addresses this month:
| Address | Units listed | Typical ask |
|---|---|---|
| 3220 Sheppard Avenue | 15 | $595K |
| 100 Wingarden Court | 11 | $440K |
| 3088 Kennedy Road | 9 | $399K |
| 88 Corporate Drive | 9 | $499K |
| 180 Markham Road | 8 | $395K |
| 1350 Kingston Road | 8 | $749K |
| 2800 Warden Avenue | 7 | $299K |
| 20 Meadowglen Place | 7 | $400K |
On the market by unit type in Scarborough: condo apartments: 486 at $472K; condo townhouses: 183 at $625K; penthouses: 24 at $490K.
Compare with nearby condo markets
Condo questions about Scarborough
How much does it cost to rent a condo in Scarborough?
Condos leased in Scarborough over the last 90 days rented for a median of $2,350 a month across 825 leases.
What is a typical condo fee in Scarborough?
The median monthly fee on condos listed for sale on November 1, 2026 was $695. Fees depend on the size of the unit and on what the building includes, such as heat, water or parking.
Are condos in Scarborough selling over asking?
In the last 90 days, 15% of Scarborough condo sales closed above asking. The median sale came in at 96.7% of the asking price.
How many condos are for sale in Scarborough?
699 on November 1, 2026, with a median asking price of $499,500.
Sources: asking prices and fees are from the condos for sale on Condo Connect on November 1, 2026. Sale and rent figures are totals of MLS® sales and leases in Scarborough over the 90 days before that date; individual sold prices are available to signed-in members. Yields are gross and for comparison only.