Condos for Sale in Scarborough
Over $1.5M
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Scarborough this band: $1.57M · 33 active · avg 20 days on market.
33 active · median $1.57M
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Scarborough Over $1.5M
33 active · median $1.57M
Median List Price
$1.57M
Active Listings
33
Avg Days on Market
20 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$1.53M
Jan
$1.53M
Feb
$1.54M
Mar
$1.56M
Apr
$1.55M
May
$1.53M
What is the average condo price in Scarborough in 2026?
The benchmark price for a condo in Scarborough in 2026 is approximately $1.57M based on the latest CREA MLS® HPI release. Within the over $1.5m band there are currently 33 active listings, moving in an average of 20 days on market. Prices are down 9.1% year-over-year.
Is Scarborough a buyer's or seller's market right now?
Scarborough is currently a balanced market for condos in this band. Inventory is turning over in 20 days with prices down 9.1% year-over-year. Neither side has decisive leverage right now.
Families helped in Scarborough
91+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Bidding war with three other offers. Their pre-approval letter made our offer credible enough to win.”
What $1.57M gets you in Scarborough.
Condos in Scarborough priced over $1.5m are tracking against a CREA MLS® HPI benchmark of $539K for the greater toronto area. Within this band the median list comes in near $1575K — down 9.1% year-over-year. Active inventory is moving in roughly 20 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$1.45M
$1.63M
$1.47M
Sample comparables only — request the live MLS report for current availability and pricing.
Keep exploring Scarborough.
Other property types
Scarborough Condo FAQ
What is the median price for condos in Scarborough over $1.5m?
As of 2026-05-01, the median list price for condos in Scarborough priced over $1.5m sits at approximately $1.57M based on active MLS inventory.
How many condos are currently for sale in Scarborough in this price range?
There are roughly 33 active condos for sale in Scarborough priced over $1.5m. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Scarborough?
Condos in Scarborough priced over $1.5m are averaging 20 days on market. That signals a seller-leaning market — buyers should expect competition and pre-approved offers.
Are Scarborough condo prices going up or down?
Year-over-year median condo prices in Scarborough (this band) are down 9.1%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in Scarborough?
On a $1.57M purchase with 20% down, you'd carry a mortgage of about $1.26M. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $7,700 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 33 active, median $1.57M.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Scarborough advisor within 1 business hour.
Condos in Scarborough Over $1.5M
Median $1.57M · 33 active · 3.95% 5-yr fixed
Get pre-approved for a $1.26M mortgage.
Based on $1.57M median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.