Canada's largest market
Toronto Housing Market Report
This Toronto housing market report tracks benchmark prices, rents, vacancy and property tax across Greater Toronto Area, using TRREB, September 2026 and CMHC rental data.
MLS benchmark · TRREB, September 2026 · Greater Toronto Area · Updated through September 2026
Toronto average price by property type
What each kind of home costs in Greater Toronto Area, and how far apart a house and an apartment have moved.
Detached
$1,360,000
House, not attached to a neighbour
Row / townhouse
$1,314,000
Attached, but not an apartment
All property types
$917,600
MLS benchmark
Condo
$631,000
The usual entry point
TRREB, September 2026, for Greater Toronto Area. A detached home costs 2.2× what a condo does here. Detached, all types and condo are the same measure from the same release (mls benchmark), so they can be compared with each other, though not directly against another city’s differently-measured figure. The row / townhouse figure is a different measurement: TRREB Community Housing Market Report, 2026 Q1, averaged across the 8 communities that reported one.
Toronto community averages by property type
What each kind of home costs, from the same release.
Average sale price by type, TRREB Community Housing Market Report, 2026 Q1. Each figure is the mean of the community averages that reported that type, so townhouses rest on fewer areas than detached or apartments. Quarterly averages, so a different basis than the TRREB, September 2026 benchmark above.
A finer split, from the TRREB community report
Detached
$2,275,235
17 of 25 areas
Semi-detached
$1,492,813
16 of 25 areas
Row / townhouse
$1,314,000
8 of 25 areas
Condo townhouse
$956,625
8 of 25 areas
Condo apartment
$831,318
22 of 25 areas
Average sale price by type, TRREB Community Housing Market Report, 2026 Q1. Each figure is the mean of the community averages that reported that type, not a board-wide average, and TRREB suppresses any cell with two or fewer transactions, which is why townhouses rest on fewer areas than detached or apartments. These are quarterly averages, so they sit on a different basis than the June 2026 benchmark above.
What it costs to buy
The benchmark, where it has moved in twelve months, and the land transfer cheque that clears on closing day.
MLS benchmark
$917,600
TRREB, September 2026
12 month change
−4.7%
Composite, same source
Land transfer on closing
$29,654
At the benchmark, 20% down, no rebate
Condo benchmark
$631,000
The usual entry point
Toronto is the only city in Canada that charges a full municipal land transfer tax on top of the provincial one, so the closing cheque here is double what the same price costs in Ottawa. A falling benchmark does not reduce that bill proportionally: the brackets are fixed, and the top bracket starts at $2 million. Compare neighbourhoods in Toronto to narrow the citywide figures to areas that fit your search.
Price and twelve month change: TRREB, September 2026. The closing figure is Ontario LTT + Toronto municipal LTT, calculated on the MLS benchmark at 20% down with no first-time rebate applied. Run your own price through the land transfer tax calculator or the closing costs calculator.
Continue in the Buyer HubFirst-time buyer guides, neighbourhoods and closing calculatorsWhat the market pays a seller
Where the detached and condo segments have split, and what comes out of the sale price before you see it.
Detached
$1,360,000
TRREB, September 2026
Condo
$631,000
Same board, same month
Detached to condo
2.2×
How many condos to one house
12 month change
−4.7%
What your comparables are worth now
The detached and condo segments are not one market. In September the average condo apartment price was down 7.7% from a year earlier against 5.1% for detached, which means a condo listing and a house listing on the same street need different pricing strategy and different comparables. Before setting an asking price, use our guide to interviewing a Toronto real estate agent to ask for comparable sales and a clear pricing plan.
Sales
1,158
Across 25 communities
Days on market
35
Sales-weighted average
Sale to list
99.2%
Under 100% means buyers negotiated
Sales to new listings
32%
3,652 new, 1,808 active
TRREB Community Housing Market Report, 2026 Q1. These figures sum the 25 TRREB communities that our Toronto neighbourhood guides map, not TRREB’s city-wide release, so they describe those communities rather than the whole board area. Days on market and sale-to-list are weighted by sales. TRREB suppresses any cell with two or fewer transactions. See the neighbourhood breakdown.
Detached and condo figures are from the same release as the composite, so the spread between them is like-for-like. What comes out of the sale price is a provincial question. See the commission calculator and the sale proceeds calculator.
Continue in the Seller HubCommission by province and what you actually netWhat the rent covers
Sitting rents, CMHC vacancy, gross yield on the benchmark, and the property tax drag underneath it.
Rent, 2 bedroom
$2,700
Per month, asking
Vacancy
3.0%
1.0% for rental condos
Gross yield
3.5%
Annual rent over price, before costs
Property tax
$7,066
0.77% on the benchmark, per year
Purpose-built vacancy hit 3.0% for the first time since the pandemic, but rental condos stayed at 1.0%. The CMA average hides the split: post-secondary pockets in Mississauga and Brampton went above 4% while Old Toronto did not move much at all.
Vacancy describes Toronto CMA, purpose-built and comes from CMHC Rental Market Report, October 2025. That area is wider than Toronto itself, so treat it as the backdrop rather than the rate on one building. Gross yield is annual two-bedroom rent over the MLS benchmark, before vacancy, tax, insurance and maintenance. It is not a cap rate. Property tax is Toronto’s residential rate of 0.77% applied to that same price.
Continue in the Investor HubCap rate and cash flow calculators by cityPrices by neighbourhood
Toronto is the only market here where the board publishes at community level, so it is the only report that can break the city down this way. Sort by price, sales, or how long listings took to sell.
Toronto neighbourhoods, by TRREB community
Average sale price in the quarter, for the 25 communities our Toronto guides map.
TRREB Community Housing Market Report, 2026 Q1, the most recent release that reports at community level. Each neighbourhood is mapped to the TRREB community containing it, so a few informal areas share a community. TRREB suppresses any cell with two or fewer transactions.
How Toronto compares
The same measures across all eight markets. Switch the measure to move the ranking.
Where Toronto ranks
Benchmark, median or average price. Toronto is 3rd of the eight markets on this measure.
Each board's own headline price figure. Montreal is a median and Winnipeg an average, so those two answer a slightly different question than the six benchmarks.
| Market | Price | 12 mo | Detached | Condo | Rent, 2br | Vacancy |
|---|---|---|---|---|---|---|
| VictoriaGreater Victoria | $1,170,200MLS benchmark | −2.0% | $1,280,100 | $547,800 | $2,120 | 3.3% |
| VancouverMetro Vancouver | $1,075,900MLS benchmark | −5.5% | $1,799,400 | $686,200 | $3,150 | 3.7% |
| TorontoGreater Toronto Area | $917,600MLS benchmark | −4.7% | $1,360,000 | $631,000 | $2,700 | 3.0% |
| MontrealMontreal CMA | $635,000Median price | +0.5% | $635,000 | $430,000 | $2,050 | 2.9% |
| OttawaOttawa Census Division | $623,500MLS benchmark | −0.3% | $705,100 | $380,800 | $2,300 | 3.0% |
| CalgaryCity of Calgary | $566,700MLS benchmark | −0.8% | $739,400 | $291,400 | $1,900 | 5.0% |
| HalifaxHalifax–Dartmouth | $541,700MLS benchmark | −4.1% | $610,000 | $420,000 | $1,826 | 2.7% |
| WinnipegWinnipeg Census Metropolitan Area | $408,020Board average | +2.3% | $454,264 | $290,522 | $1,550 | 2.8% |
Price and twelve month change come from each city’s own board, on the month named in that city’s report. They are not all the same month, and Montreal and Winnipeg publish medians and averages rather than a benchmark. Rents are market asking rents; vacancy is CMHC purpose-built for the CMA named on each report page, which is wider than the city proper.
Toronto against another market
Pick a second market to put beside this one. Both charts below answer a different question about the same pair.
Both charts below move together when you change this.
Detached, composite and condo
What each segment costs in Toronto against Vancouver.
- Toronto
- Vancouver
Same board release in each city, so the segments are like-for-like within a market. Across markets the measurement differs: TRREB, September 2026 against Greater Vancouver Realtors, September 2026.
Tax on closing, as the price climbs
Land transfer, property transfer, welcome or deed tax at 20% down, with no first-time rebate.
- Toronto
- Vancouver
Calculated from each province’s published brackets, the same functions behind our calculators. Toronto: Ontario LTT + Toronto municipal LTT. Vancouver: BC property transfer tax. Alberta charges no land transfer tax at all, so its line is registration fees only and stays near the axis.
Go deeper in this market
Neighbourhood prices, agent coverage, and the calculators preloaded with this city's figures.
This Toronto housing market report is updated when the boards publish, and each refresh is logged in the changelog. Figures carry the month they were released, not the day you read them.
Toronto housing market changelog
What changed on this report at its last refresh, and how Toronto moved month by month through 2026.
Last refreshed October 29, 2026 · data through September 2026
- Headline moved from the June to the September TRREB release: the composite benchmark is $917,600, down 4.7% from a year earlier (was $940,800, down 5.4%).
- Added January to September history with sales and the GTA average price for each month.
- Rewrote the summary and seller note: the apartment segment is falling faster than detached, but detached is no longer described as holding.
| Month | MLS HPI composite | GTA average price | GTA sales | Notes |
|---|---|---|---|---|
| September 2026 | $917,600−4.7% | $1,006,409−5.1% | 5,040−9.0% | New listings fell 14.4% and active listings 9.3%. Condo apartments averaged 7.7% lower than a year earlier against 5.1% for detached. |
| August 2026 | —−4.5% | $993,410−2.7% | 5,057−2.1% | — |
| July 2026 | —−4.6% | $1,003,956−4.5% | 5,995−0.9% | — |
| June 2026 | $940,800−5.4% | $1,058,658−3.9% | 6,770+9.4% | — |
| May 2026 | —−6.7% | $1,069,700−4.6% | 6,583+6.3% | — |
| April 2026 | —−6.6% | $1,051,969−4.9% | 5,946+7.0% | — |
| March 2026 | —−7.4% | $1,017,796−6.7% | 5,039+1.7% | — |
| February 2026 | —−7.9% | $1,008,968−7.1% | 3,868−6.3% | — |
| January 2026 | —−8.0% | $973,289−6.5% | 3,082−19.3% | The average selling price fell below $1 million for the first time since January 2021. |
Each month links to its archived report. Percentages under each figure are the change from the same month a year earlier. A dash means the board did not state that figure in a form we could read, and we do not fill it in. TRREB reports the whole GTA, not the City of Toronto alone. The composite is the MLS Home Price Index; its dollar value is shown only for the months where we hold it, and every month carries the twelve month change. Source: TRREB Market Watch, monthly releases.
Sources
Every figure on this page, and where it came from.
Prices come from Toronto's own board on the month named above. Vacancy is CMHC's, and the tax figures are calculated from the published rates and brackets rather than quoted from a listing. Where a board publishes its release on the open web but we do not hold the link, the release is cited by name.
- Prices and twelve month changeTRREB, September 2026
- Sales, days on market, sale-to-list, and price by property typeTRREB Community Housing Market Report, 2026 Q1
- VacancyCMHC Rental Market Report, October 2025
- RentsMarket asking rents, held in our city comparison dataset
- Property tax rateCity of Toronto: Property tax rates and fees
- Property tax rateMPAC: How your property is assessed
- Tax on closingToronto land transfer tax
Other housing market reports
The rest of the markets we track, most expensive first.
Victoria Market Report
VREB, September 2026 Core HPI / July Greater Victoria SF
Vancouver Market Report
Greater Vancouver Realtors, September 2026
Montreal Market Report
APCIQ, September 2026
Ottawa Market Report
OREB, September 2026
Calgary Market Report
CREB, September 2026
Halifax Market Report
NSAR Halifax–Dartmouth MLS HPI, September 2026
Winnipeg Market Report
Winnipeg Regional Real Estate Board, July 2026
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