Average home price by property type in Toronto
These are the average home prices by property type in Toronto updated with housing market data released August 2026 for the July 2026 period (source: TRREB).
| Home Type | Home Price | Y/Y Change | M/M Change |
|---|---|---|---|
| All Home Types | $1,003,956 | -4.54% | -5.17% |
| Detached | $1,291,690 | -5.14% | -5.32% |
| Semi-Detached | $964,922 | -7.34% | -7.13% |
| Att/Row/Townhouse | $903,986 | -2.75% | -0.92% |
| Condo Apartment | $636,323 | -2.33% | +0.89% |
Average home price in the Greater Toronto Area (GTA)
The GTA average home price across all property types was $1,003,956 in July 2026, down 4.54% from a year ago and down 5.17% from June 2026. The City of Toronto itself averaged $1,010,836, down 3.23% year-over-year and down 6.52% month-over-month.
The GTA’s MLS HPI benchmark price was $934,600, down 4.63% year-over-year. In the City of Toronto, the benchmark was $928,200, down 3.83% from July 2025.
Thinking about renting instead? See our Toronto rental market data for current average rents and vacancy rates, or use the rent vs. buy comparison to see which makes more sense for you.
Want to see how much home you can afford in your preferred GTA region? Try our income to afford home calculator or mortgage affordability calculator.
| Area | Avg. Home Price | Y/Y Change |
|---|---|---|
| All GTA (TRREB) | $1,003,956 | -4.54% |
| City of Toronto | $1,010,836 | -3.23% |
How much income would it take to afford a home in Toronto?
The income it would take to purchase a home in Toronto varies widely based on the home type. This table shows how much household income it would take to afford a home based on July 2026 home prices.
| Home Type | Home Price | Mortgage | Income Required |
|---|---|---|---|
| All Home Types | $1,003,956 | $803,165 | $212,318 |
| Detached | $1,291,690 | $1,033,352 | $267,752 |
| Semi-Detached | $964,922 | $771,938 | $204,798 |
| Att/Row/Townhouse | $903,986 | $723,189 | $193,058 |
| Condo Apartment | $636,323 | $509,058 | $141,491 |
If you wanted to purchase the average detached home in Toronto it would take household income of $267,752 which is much higher than the average income in Toronto and the typical income in Canada. This income would put you in the top income percentile earners based on the Canada income percentile calculator.
The income to afford calculation uses the following inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 4.04%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month
- Heating costs of $150 per month
Toronto market metrics
These key metrics provide additional context for the Toronto housing market as of July 2026:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 5,995 | -0.9% |
| New Listings | 14,484 | -17.8% |
| Active Listings | 26,098 | -12.1% |
| Average Days on Market | 45 | +5 days |
| Sales-to-New-Listings Ratio | 37.1% | N/A |
| Months of Supply | 4.6 | N/A |
| Sale-to-List Price Ratio | 97% | N/A |
With the sales-to-new-listings ratio at 37.1% — still below the 40% balanced threshold — the Toronto market remains in buyer’s territory. Properties are taking an average of 45 days to sell, and homes sold for an average of 3% below asking price (97% sale-to-list ratio). New listings declined sharply (-17.8% YoY) even as active listings also pulled back (-12.1% YoY), keeping months of supply at 4.6.
Key trends in the Toronto housing market
Buyer’s market conditions
Toronto’s resale housing market tightened somewhat in July 2026 compared to a year earlier: sales edged down just 0.9% year-over-year to 5,995, while new listings fell a much steeper 17.8%, leaving active buyers facing less competition from other listings. TRREB President Daniel Steinfeld noted that with sales taking a larger share of listings, buyers may find less room to negotiate going forward, and prices could start to level off if the trend continues. Prices remain below their 2022 peaks across all property types, and the average price is down 4.54% year-over-year and 5.17% month-over-month (the benchmark price, which controls for the mix of homes sold, is down 4.63% year-over-year). Homes sold for an average of 3% below asking in July (97% sale-to-list ratio), with average days on market at 45.
Pre-construction market
Toronto’s pre-construction condo market continues to face headwinds. Investor demand — which had driven much of the condo sector — has retreated amid higher carrying costs and slower rent growth. Several planned projects have been delayed or cancelled, and assignment sales remain common as investors seek exits. Semi-detached homes posted the largest year-over-year average-price decline (-7.34%) among all property types this month, while condo apartments were roughly flat month-over-month (+0.89%) after a softer June.
Population growth and demand
The Greater Toronto Area remains Canada’s primary destination for newcomers, with the region absorbing a significant share of the country’s immigration intake. This structural demand driver underpins long-term housing needs, though short-term market conditions continue to diverge from demographic trends as affordability constraints weigh on buyer activity.
Municipal zoning reform and housing costs
TRREB CEO John DiMichele highlighted removing municipal roadblocks to attainable housing as a pressing issue in the GTA and Simcoe County ahead of the fall municipal election, pointing to restrictive zoning, outdated rules, high taxes and fees, and approval delays as factors adding tens of thousands of dollars to the cost of every home. TRREB Chief Information Officer Jason Mercer noted that recent economic growth and jobs data have surprised to the upside, which could help bolster consumer confidence and prompt an uptick in home purchases in the months ahead – especially if prices stabilize through the fall.
10-year Toronto home price history
The GTA average home price has moved through a full cycle over the past decade — rising steadily through the late 2010s, surging during the 2020–2022 pandemic boom, and correcting since the 2022 peak as higher mortgage rates weighed on buyer affordability.
| Year | Avg. Home Price |
|---|---|
| 2013 | $525,681 |
| 2014 | $569,402 |
| 2015 | $623,529 |
| 2016 | $731,927 |
| 2017 | $823,422 |
| 2018 | $784,118 |
| 2019 | $812,989 |
| 2020 | $926,340 |
| 2021 | $1,098,088 |
| 2022 | $1,193,766 |
| 2023 | $1,131,219 |
| 2024 | $1,120,241 |
| 2025 | $1,067,844 |
| 2026 YTD (through July) | $1,032,207 |
GTA Average Home Price, All Property Types (2013–2026)
Through July 2026, the GTA average sits at $1,032,207 year-to-date — roughly 14% below the 2022 peak of $1,193,766, but still 27% above pre-pandemic 2019 levels. Source: TRREB Market Watch historic annual and monthly statistics.
Neighbourhood overview
The Greater Toronto Area encompasses a diverse range of neighbourhoods, each with distinct price levels and market dynamics:
- Downtown Toronto (C01, C08) — The condo-dominated core with the highest density. Average condo prices sit around $700,000–$750,000. Popular with young professionals and investors.
- Midtown (C02, C03, C04) — Neighbourhoods like Forest Hill, Rosedale, and Lawrence Park feature among the most expensive detached homes in Canada, often exceeding $2 million.
- North York (C06, C07, C14, C15) — A mix of older detached homes and newer condo developments. Areas along the Yonge corridor and near subway stations command premiums.
- Scarborough (E03, E04, E05) — Generally more affordable than the central city, with detached homes often $200,000–$300,000 below the citywide average. Growing transit investment is expected to support price growth.
- Etobicoke (W02, W05, W06, W08) — A mix of waterfront condos, suburban detached homes, and established neighbourhoods. Prices range widely depending on proximity to transit and the lake.
- 905 Regions — The surrounding municipalities of Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville, and others offer a range of housing types. Many buyers have moved to the 905 in search of more space at lower price points, though these areas have seen significant price increases as well.
Toronto’s double land transfer tax
Toronto is the only city in Ontario that levies a municipal land transfer tax (MLTT) in addition to the provincial land transfer tax (LTT). This means buyers in Toronto pay approximately double the transfer tax compared to other Ontario municipalities.
Ontario Provincial Land Transfer Tax:
| Purchase Price Bracket | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Toronto Municipal Land Transfer Tax (MLTT):
| Purchase Price Bracket | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
For a home purchased at Toronto’s average price of $1,017,796, the total combined land transfer tax would be approximately $31,400 — a significant closing cost that buyers must budget for. First-time home buyers in Ontario can receive a rebate of up to $4,000 on the provincial LTT, and Toronto offers an additional MLTT rebate of up to $4,475.
Use our land transfer tax calculator to estimate the exact amount you would owe, and our closing costs calculator to get a full picture of purchase costs.
Related Toronto housing calculators
If you are buying a home in the Toronto area, these calculators can help you plan:
- Mortgage Calculator — Estimate monthly payments on a Toronto home
- Mortgage Affordability Calculator — How much home can you afford?
- Income to Afford Home Calculator — Salary needed at different Toronto price points
- Mortgage Insurance Calculator — Calculate CMHC premiums for down payments under 20%
- Land Transfer Tax Calculator — Calculate Ontario + Toronto MLTT
- Closing Costs Calculator — Budget for all costs beyond the purchase price
- Mortgage Stress Test Calculator — Qualify under the stress test
- Mortgage Rates — Compare current Toronto mortgage rates
More housing market reports
- Ontario Housing Market — Provincial overview including all Ontario regions
- Hamilton Housing Market — Neighbouring market with lower average prices
- Ottawa Housing Market — Ontario’s second-largest market
- Waterloo Region Housing Market — Growing tech hub west of Toronto
- London Housing Market — Affordable alternative in southwestern Ontario
- Canada Housing Market Overview — National trends, prices, and provincial comparisons
- First-Time Home Buyer Guide — Programs, incentives, and step-by-step buying process
Data Sources
The housing market data in this report is sourced from: