How much value does parking add to a GTA condo?

In the Greater Toronto Area, buying a one-bedroom condo with parking can cost over $200,000 more in neighborhoods like Riverdale, Deer Park, and The Annex due to scarce street parking. In contrast, areas like Bloor West Village see minimal parking premiums. While some buyers skip parking to save money in transit-friendly areas, having a parking spot generally boosts resale value and speeds up sales in high-demand locations.