Condo vs Bungalow: The Best Downsizing Choice in the GTA

Downsizing in the Greater Toronto Area (GTA) often comes down to one key decision: condo or bungalow? Both have unique advantages, and the right choice depends on your lifestyle, budget, and long-term goals.

As Realtors® who’ve worked with countless downsizers — and debated this choice ourselves — Keith leans toward condo living while I prefer the comfort of a bungalow. Here’s a detailed look at how each option works for downsizers in Mississauga, Vaughan, Ajax, Toronto, and surrounding cities.

Condo Living in the GTA

Advantages

• Low Maintenance
  No yard work, snow shoveling, or exterior repairs. Condo associations handle these tasks, making condos ideal for lock-and-leave convenience. MoneySense explains why condos are appealing for downsizers.
• Amenities at Your Doorstep
  Gyms, pools, party rooms, and concierge services are standard in many Toronto and Mississauga buildings, adding value and convenience.
• Security and Peace of Mind
  Controlled entry, cameras, and on-site staff are common, offering reassurance for those who want extra safety.
• Walkability and Transit Access
  In Vaughan or downtown Toronto, daily errands, dining, and cultural attractions are within walking distance, reducing or even eliminating the need for a car.

Considerations

• Monthly Fees
  Maintenance fees can add $500–$1,000+ to your housing costs.
• Less Space
  Downsizing to a condo often requires significant decluttering or renting a storage locker.
• Community Rules
  Condo boards regulate pets, renovations, and noise. Ontario’s government site outlines condo regulations.

Bungalow Living in the GTA

Advantages

• One-Level Living
  No stairs make bungalows ideal for aging in place. They’re practical now and for the years ahead.
• Private Outdoor Space
  Larger lots mean gardens, patios, and outdoor living space — something you won’t get with most condos.
• Freedom to Renovate
  Unlike condo living, there’s no board approval needed for updates or additions.
• Choice of Styles
  From traditional Craftsman homes in Vaughan to modern bungalow lofts in Mississauga, options are varied.

Considerations

• More Maintenance
  Lawn care, snow removal, and exterior upkeep are your responsibility, though local services can manage these tasks for you.
• Higher Costs
  Bungalows in prime GTA locations often come with higher purchase prices due to larger lot sizes. RateHub breaks down maintenance costs.
• Potential Accessibility Upgrades
  Older homes may need modifications like ramps, wider doorways, or bathroom updates.

How to Decide Between a Condo or a Bungalow

When helping GTA downsizers, we always look at three main factors:

1. Lifestyle
   Do you want the convenience of a condo with amenities, or the privacy and outdoor space of a bungalow?
2. Budget
   Compare the upfront cost of a bungalow with ongoing condo fees. Location plays a major role in both.
3. Future Needs
   Both options can be “future-proof” — a stair-free bungalow or an elevator-equipped condo can work as you age.

Your Next Step

Choosing the right downsizing path in the GTA isn’t just about square footage. It’s about creating a lifestyle that fits your next chapter.

📥 Download our free Ontario Downsizing Timeline & Checklist to organize your move step by step.

👥 Book a downsizing consultation with us. We’ll guide you through condo and bungalow options across the GTA and help you make a confident, informed decision.

Frequently Asked Questions

Is it cheaper to downsize to a condo or a bungalow in the GTA?
Condos usually have lower purchase prices but add monthly fees. Bungalows cost more upfront but avoid condo fees. The better choice depends on your long-term budget.

What are average condo fees in Toronto and Mississauga?
Fees vary but often range between $500 and $1,000+ per month depending on building age, amenities, and location.

Are bungalows a good choice for aging in place?
Yes. Single-level living eliminates stairs, and with simple upgrades, bungalows can remain practical well into retirement.