A Sorting Market, Not a Crashing One
The Liberty Village condo market in 2026 is not booming and it is not collapsing. It is sorting. Well-laid-out two-bedrooms in quality buildings hold value and sell reasonably quickly. Small investor-grade one-bedrooms and studios are sitting longer and trading at softer prices. Understanding the difference is everything.
The Numbers
As of January 2026, the median rent in Liberty Village sits at approximately $2,608 per month. The median sale price in December 2025 was around $610,000, based on 17 transactions.
Those headline numbers mask significant variation. A renovated two-bedroom with a functional layout in a well-managed building commands a clear premium — we are talking $680,000 to $750,000 depending on the floor and finishes. Meanwhile, a 450-square-foot studio with a combined living-sleeping area might trade at $420,000 to $460,000, and it may take 45 to 60 days to find a buyer.
What Is Performing Well
Two-Bedrooms with Real Layouts
Units where both bedrooms can fit a queen bed and the living area is not a hallway are in steady demand. Liberty Village's demographic — young couples, roommates, and remote workers who need a home office — prioritizes functional space over square footage gimmicks.
Well-Managed Buildings
Condo fees in Liberty Village range from roughly $0.60 to $0.90 per square foot depending on the building and amenities. Buildings with healthy reserve funds, well-maintained common areas, and responsive management sell at a premium. Ask for the status certificate before making an offer — it will tell you more than the listing ever will.
Turnkey Units
Renovated kitchens and bathrooms win in this market. Buyers are willing to pay a rational premium to avoid a renovation in a condo, but only if the premium makes sense versus comparable sales in the building.
What Is Struggling
Investor-Grade Studios
Small studios built primarily as investment units — the ones with the builder's cheapest finishes and no layout creativity — are the toughest segment. They compete with a flood of similar inventory and renters are increasingly choosy in a market with more options.
Ground-Floor Units
Street noise in Liberty Village is real, especially along King Street West and East Liberty. Ground-floor units facing major streets typically sell at a discount and take longer to move.
The Rental Market
The rental market remains tight but has loosened from its pandemic-era peak. Inventory is higher than 2023-2024, giving renters slightly more negotiating power. The key trends:
- One-bedrooms: $2,400 to $2,800 depending on building and amenities - Two-bedrooms: $3,200 to $3,800 — in high demand from roommate pairs - Furnished units: command 10 to 15 percent premiums, popular with contract workers
For new arrivals, our moving to Liberty Village guide covers the practical details of settling in.
What Is Coming
Several major developments will reshape the neighbourhood over the next 3 to 5 years:
51-storey rental tower at 58 Atlantic Avenue — a revised proposal that would replace a previously approved mid-rise office building with a rental-focused high-rise. This adds significant rental inventory to the market.
55-storey mixed-use tower at 147 Liberty Street — if approved, this becomes Liberty Village's tallest building. The proposal includes 732 residential units, with 27 percent being two- and three-bedroom layouts.
34 Hanna Avenue park — part of the Liberty Village Public Realm Strategy, this 4,900-square-metre park is planned for construction after the FIFA World Cup in summer 2026. More green space directly impacts livability and, eventually, property values.
Ontario Line Exhibition Station — scheduled for 2031 completion. This will give Liberty Village its first rapid transit connection and is expected to have a meaningful impact on property values once operational.
Should You Buy Now?
There is no universal answer, but here are the considerations:
Case for buying: Mortgage rates have stabilized, inventory is available, and you have more negotiating room than you did in 2021 or 2022. The Ontario Line and new park infrastructure will improve the neighbourhood over the next five years.
Case for waiting: New supply from the 58 Atlantic and 147 Liberty developments will add competition. If you are looking at the investor studio segment, prices may soften further.
Case for renting: Liberty Village is a great neighbourhood to test before committing. Rent for a year, learn which buildings and streets you prefer, then buy with local knowledge.
Work with someone who knows the specific buildings. The Liberty Village Real Estate Team specializes in the neighbourhood, or browse our real estate agents directory for other options. For mortgage and financial planning, the local Scotiabank and RBC Royal Bank branches both have advisors familiar with Liberty Village inventory.
Our parking guide is essential reading if you are buying — parking spot availability and cost varies dramatically between buildings.