Downtown Toronto real estate: prices, communities, and neighbourhood guides
Downtown is where Toronto lives without a car. It runs from the waterfront and Liberty Village north through Yorkville and the Annex, and east to St. Lawrence, Cabbagetown, and Regent Park, with the financial district, the universities, and most of the city's restaurants and venues inside it.
Average sale price
$857,633
TRREB 2026 Q1
Sales
1,106
in the quarter
Communities
19
Busiest market
Waterfront Communities C1
297 sales
The condo core and office district, from the waterfront to the Annex.
Every Downtown Toronto community, by price
TRREB reports 19 communities here. Averages run from $588,947 in Church-Yonge Corridor to $2,232,125 in Casa Loma, so the district figure of $857,633 describes almost no single street.
| Community | Sales | Average | Median | Sale to list | Days |
|---|---|---|---|---|---|
| Casa Loma | 16 | $2,232,125 | $1,762,500 | 97% | 49 |
| Yonge-St. Clair | 32 | $1,738,750 | $1,562,500 | 95% | 42 |
| University | 11 | $1,731,455 | $1,650,000 | 102% | 32 |
| Wychwood | 17 | $1,547,029 | $1,480,000 | 105% | 21 |
| Palmerston-Little Italy (Little Italy) | 17 | $1,380,678 | $1,300,000 | 96% | 46 |
| Annex (The Annex, Yorkville) | 64 | $1,352,721 | $948,000 | 97% | 38 |
| Trinity-Bellwoods (Trinity Bellwoods) | 35 | $1,350,976 | $1,251,000 | 99% | 35 |
| Dufferin Grove | 12 | $1,040,254 | $907,500 | 97% | 24 |
| Little Portugal | 20 | $983,225 | $675,000 | 98% | 32 |
| Kensington-Chinatown (Kensington Market) | 40 | $869,407 | $750,000 | 94% | 51 |
| Waterfront Communities C8 (St. Lawrence Market) | 75 | $802,923 | $640,000 | 95% | 43 |
| Bay Street Corridor | 82 | $794,487 | $590,000 | 96% | 42 |
| Cabbagetown-South St. James Town (Cabbagetown) | 16 | $730,563 | $589,000 | 98% | 44 |
| Waterfront Communities C1 | 297 | $727,655 | $635,000 | 97% | 41 |
| Niagara (King West, Liberty Village) | 134 | $655,325 | $599,000 | 98% | 37 |
| Moss Park | 73 | $647,474 | $550,000 | 97% | 33 |
| Regent Park | 32 | $641,343 | $597,500 | 100% | 40 |
| North St. James Town | 12 | $629,542 | $598,000 | 98% | 43 |
| Church-Yonge Corridor | 121 | $588,947 | $530,000 | 97% | 47 |
TRREB Community Housing Market Report, 2026 Q1, all home types, TRREB districts C01, C02, C08. We group those districts into Downtown Toronto ourselves, so the boundary is an approximation, not an official one. The district average is total dollar volume divided by total sales, not an average of the community averages. TRREB suppresses any community with two or fewer sales, so a few small communities are missing rather than zero. Averages mix property types: a community that is mostly condos averages far below one that is mostly houses.
What Downtown Toronto is like
Condo apartments make up most of the sales, and they trade at a fraction of what a house costs. Detached and semi-detached homes change hands mainly in the Annex, Trinity-Bellwoods, Cabbagetown, and Casa Loma, at several times the condo price, so the district average hides two very different markets.
Communities worth knowing
- Waterfront Communities C1
- The largest condo market in the country by sales: CityPlace, Harbourfront, and the towers south of Front Street.
- Niagara
- King West and Liberty Village. Newer condos, lofts, and the dense restaurant strip on King.
- Bay Street Corridor
- Condos around Yonge and Bloor and the financial district's northern edge.
- Church-Yonge Corridor
- Dense condo and rental stock beside the Gay Village, with the lowest average price in the district.
- Annex
- Victorian semis and houses beside the University of Toronto, with two subway lines at the door.
- Casa Loma
- Large houses on the hill north of Davenport, and the priciest community in the district.
Downtown Toronto neighbourhood guides
9 neighbourhoods inside Downtown Toronto have full guides, each with prices, rent by unit size, a living guide, and the questions people ask.
The Annex
Victorian semis, university energy, and Bloor Street at the door
House $2.17M · Condo $818K· Walk 96
StudentsYoung professionalsCar free living
Yorkville
Luxury retail, gallery openings, and Toronto's priciest condos
House $3.1M · Condo $1.18M· Walk 98
LuxuryYoung professionalsCar free living
King West
Glass towers, restaurant patios, and the densest nightlife downtown
House $1.33M · Condo $640K· Walk 98
Young professionalsCar free livingInvestors
Liberty Village
Converted warehouses and mid-rise condos in a self-contained pocket
House $1.33M · Condo $540K· Walk 93
Young professionalsFirst time buyersInvestors
Cabbagetown
The largest intact Victorian streetscape in North America
House $1.42M · Condo $589K· Walk 94
Young professionalsFamiliesBest value
Trinity Bellwoods
Queen West's front lawn, and the centre of gravity for west-end Toronto
House $2.08M · Condo $775K· Walk 96
Young professionalsCar free livingFirst time buyers
Little Italy
College Street patios, with quiet Victorian blocks one street over
House $1.5M · Condo $681K· Walk 96
Young professionalsCar free livingStudents
Kensington Market
The most stubbornly independent square kilometre in Canada
House $1.18M · Condo $675K· Walk 97
StudentsCar free livingBest value
St. Lawrence Market
The only part of downtown where you can do a real grocery run
House $1.25M · Condo $628K· Walk 97
Young professionalsCar free livingFirst time buyers
Getting around Downtown Toronto
- Line 1 (Yonge-University) and Line 2 (Bloor-Danforth), with interchanges at Bloor-Yonge and St. George.
- Union Station for GO Transit and the UP Express to Pearson, and the PATH network under the financial district.
- The 501, 504, and 505 streetcars along Queen, King, and Dundas. The Ontario Line, which will add a new downtown subway, is under construction.
Campuses
- University of Toronto (St. George)
- Toronto Metropolitan University
- OCAD University
- George Brown College (St. James)
Who Downtown Toronto suits
Young professionals who want to walk to work, students at the downtown campuses, and investors buying condos for tenants. It is the strongest area for car-free living in the country.
Who it is wrong for
Families who need three bedrooms and a yard on a moderate budget, and anyone bothered by noise, construction, or weekend crowds.
Downtown Toronto buildings
Downtown Toronto: frequently asked questions
How much does it cost to buy in Downtown Toronto?
TRREB recorded 1,106 sales across 19 downtown communities in 2026 Q1, at a sales-weighted average of $857,633. Averages run from about $588,947 in Church-Yonge Corridor to $2,232,125 in Casa Loma. The low end is mostly condos and the high end mostly houses.
Is Downtown Toronto a good place for young professionals?
Yes, and it is the default. You can walk or take one subway ride to most offices, the restaurant and event density is the highest in the city, and there is deep condo and rental inventory. The trade is small units, noise, and a lot of new supply competing with resale condos.
Where do students live in Downtown Toronto?
Most students near the University of Toronto and Toronto Metropolitan University rent in the Annex, Kensington-Chinatown, the Church-Yonge Corridor, and the condo towers on the Bay Street Corridor. Older walk-ups and shared houses in the Annex are the cheapest per room; new condos are the easiest to lease.
Which parts of Downtown Toronto are best for families?
The Annex, Cabbagetown, and Trinity-Bellwoods have the houses, parks, and schools, at a much higher price than the condo areas. Most families who stay downtown buy a larger condo or a semi and accept less space in return for the commute.
Other Toronto districts
Midtown
Yonge-Eglinton, Forest Hill, Rosedale, Lawrence Park, and Leaside
North York
Yonge-Sheppard condos, Willowdale bungalows, Don Mills, and the Bridle Path
Scarborough
Toronto's east end, from the Bluffs and Guildwood to Agincourt and Malvern
Etobicoke
The Lakeshore, Islington, The Kingsway, and Rexdale in Toronto's west end
Guides and tools for buying in Downtown Toronto
- First Time Home Buyer in Toronto: The Complete 2026 Guide
- Steps to Buying a House for the First Time in Toronto (2026)
- Home Inspection When Buying a House in Toronto (2026)
- Buying a Home vs Condo in Toronto (2026)
- Pre Construction Condo vs Resale Condos in Toronto (2026)
- Toronto land transfer tax calculator
- Toronto closing costs calculator
- Toronto property tax calculator
- Toronto rent vs own calculator
- Toronto condo fee calculator
- Best neighbourhoods in Toronto
- Downtown Toronto real estate agents