39

Toronto House Prices at a Glance

Home Prices Toronto

The average sale price for a detached house in the Greater Toronto Area was about $1.36 million in mid 2025, down around 4.5% year‑over‑year
 

Semi‑detached homes averaged about $1.04 million, a decline of roughly 2.5% compared with the same month last year
 

Freehold townhouses saw the sharpest price shift, with an average selling price of about $930,000, down about 8.8% year‑over‑year
 

Overall, the market remained buyer‑friendly; the average home price across all property types in the GTA was $1.05 million, about 5% lower than a year earlier
 

With supply rising and sale prices easing, buyers now have more negotiating power and a wider selection of houses in Toronto’s suburban neighbourhoods

Toronto Real Estate Market Trends

The Toronto housing market continues to shift toward increased affordability while maintaining its position as one of Canada’s most dynamic and in-demand urban real estate sectors. Median prices are showing a modest decline, opening up more opportunities for buyers while still holding long-term investment potential.

Currently, the median asking price for a detached home in Toronto is $1,250,000 — a 2% decrease year-over-year. This dip reflects broader market adjustments rather than a crash, and pricing remains well above national averages. For Toronto townhouses and townhomes, the median sale price in the second quarter of 2025 was $728,000, marking a 6.7% year-over-year decrease. These shifts are attracting both first-time buyers and savvy investors aiming to enter or expand within the city.

For freehold townhomes & townhouses in the GTA, the average sold price in July 2025 was approximately $929,524, marking an 8.8% year-over-year decline. This reflects growing supply and softened buyer demand in this housing segment. For buyers who have been priced out in the past, these changes could signal a more approachable entry point, especially for those tracking Toronto MLS listings and watching for undervalued or overlooked opportunities.

Browse Real Estate Listings in Toronto

Property.ca provides the most current and accurate feed of Toronto real estate listings, updated frequently with MLS® data. There are currently 12,859 active listings in Toronto, 5,210 of which are all detached, semi detached and townhomes:

4,075 Detached & Semi-Detached Houses
 

1,135 townhomes

Despite market softening, Toronto’s home market remains one of Canada’s most in-demand. Check our detailed Toronto housing statistics for in-depth information on pricing, market trends, and inventory levels.

Toronto comprises 143 diverse neighbourhoods, each offering unique amenities, culture, and property types. Use our tools to explore the top neighbourhoods in Toronto, compare school rankings, and find your ideal fit. Plan a visit to an open house in Toronto to explore in person.

Looking to rent? Our database includes over 10,000 rental listings, including apartments, lofts, and detached homes for lease.

Connect with a licensed Toronto real estate agent to begin your home buying journey.

Living in Toronto, Ontario

Toronto is Ontario’s capital and the largest city in Canada, known globally for its cultural diversity, innovation, and economic strength. It anchors the populous Golden Horseshoe region, home to over 11 million people as of 2024 (nearly 30% of Canada’s population). 

As Canada’s financial capital, Toronto’s Bay Street is lined with the headquarters of major banks (the “Big Five”) and the Toronto Stock Exchange, the world’s seventh-largest stock exchange by market cap. The city’s economy is highly diversified, with strengths in finance, real estate, technology, media, and telecommunications. In recent years, Toronto has also emerged as a tech powerhouse: its technology sector added over 95,000 jobs from 2018 to 2023 (a 44% increase), and the city now ranks 4th in North America for tech talent quality.

Toronto is additionally one of the largest film and television production centers in North America (nicknamed “Hollywood North”), ranking #3 after Los Angeles and New York in volume. These growing industries, combined with Toronto’s established financial and service sectors, continue to drive robust economic growth and attract skilled workers from around the world.

Toronto’s Real Estate Growth

Toronto’s skyline is continually evolving, reflecting a boom in high-rise construction driven by strong housing demand and urban growth. In 2023, the city led North America with 240 active construction cranes, far more than any other city, a testament to its robust real estate development.

Toronto Real Estate Market Trends

The median sale price in Toronto is $930,000, with sales activity stabilizing and most properties still moving quickly.

Toronto’s housing market in 2025 reflects a mix of price corrections and steady demand, positioning the city as one of Canada’s most closely watched real estate markets. Detached, semi-detached, and townhomes remain the foundation of Toronto housing, each showing unique dynamics in pricing, inventory, and buyer interest.

Detached homes continue to be the most sought-after option, though prices have eased slightly. The median asking price for a detached home in Toronto is $1,250,000, marking a modest 2% decline from last year. Across the GTA, the average detached price is higher at $1,425,264, which means Toronto’s core still offers relative value for buyers. With over 4,000 detached houses currently available on Toronto MLS® listings, buyers have more opportunity to negotiate while sellers face pressure to price homes competitively.

Semi-detached homes remain a popular choice for families who want space without the cost of a detached property. Demand is strongest in neighbourhoods close to schools, parks, and transit, with listings moving steadily in areas like East York, Leaside, and Etobicoke. For many buyers, semis are the bridge between starter homes and fully detached houses.

Townhomes are seeing a rise in popularity as they offer balance between affordability and functionality. With a median price near $990,000 and more than 1,100 townhomes currently listed, they’re an attractive option for younger families, downsizers, and anyone prioritizing modern amenities with less maintenance.

Despite slight price declines, the Toronto housing market remains one of the most in-demand in Canada. Population growth, immigration, and ongoing development continue to fuel long-term demand. Whether you’re exploring Toronto homes for sale, comparing Toronto housing market stats, or touring open houses in Toronto, the opportunities in detached, semi-detached, and townhomes remain strong in 2025.

Explore the latest Toronto real estate stats to monitor how prices, listing volume, and market competitiveness are shifting.

Top Neighbourhoods in Toronto

From post-war bungalows in Scarborough to stacked townhomes in downtown, Toronto neighbourhoods offer a property type for every lifestyle. Each area offers its own character, housing styles, and price points, giving buyers plenty of choice when searching for Toronto homes for sale. From vibrant urban hubs to quiet family enclaves, the city’s most popular neighbourhoods highlight how diverse Toronto real estate really is.

Areas like Riverdale and the Danforth consistently rank high for fast sales and often sell for over-asking, proving that buyers are eager to secure homes in these established east-end communities. In the west end, Bloor West Village attracts families with tree-lined streets and easy access to parks and schools. Meanwhile, the Woodbine Corridor is quickly gaining traction among buyers who want a balance of affordability, proximity to downtown, and a lively local community.

Here are the 5 hottest communities in terms of speed, pricing, and over-asking activity:

Beyond the top five, neighbourhoods like The Junction, Kensington Market, and Liberty Village remain popular with young professionals and first-time buyers, while East York appeals to families seeking larger homes and established communities. Whether you’re planning a move, comparing Toronto neighbourhoods, or deciding between detached, semi-detached, and townhomes, understanding these trends is essential for making the right investment.

The Junction
 

Cabbage Town
 

Kensington Market
 

Liberty Village
 

East York
 

Nearby Cities to Consider

For buyers priced out of Toronto or simply looking for more space, many turn to GTA cities near Toronto that offer affordability, strong communities, and excellent commuter access. Exploring homes for sale near Toronto allows buyers to find better value while still enjoying proximity to the city’s core.

Many buyers expand their search to cities near Toronto for more space and better affordability. In Ajax, homes remain in high demand with 32% selling in under 10 days. The average price sits at $935,000, making it one of the more affordable family-friendly markets in Durham Region, with 379 active listings. Pickering continues to grow as a prime east-end option, supported by major infrastructure projects and waterfront living. The average price is about $1.0M, with 545 listings available.

These areas offer excellent commuter access and vibrant communities of their own:

Beyond these cities, buyers also explore Vaughan, Mississauga, Oshawa, Markham, and Richmond Hill, each offering its own mix of neighbourhoods, schools, and transit connections. Expanding your search beyond the downtown core not only opens up more options but also helps maximize value in today’s Toronto housing market. Explore listings in other key GTA cities:

Vaughan
 

Mississauga
 

Oshawa
 

Markham
 

Richmond Hill

Toronto Rent vs. Mortgage Snapshot

Median Monthly Rent (All Property Types):
Approximately $2,465 per month in August 2025, based on 30‑day-average data showing a 5% year-over-year decline.
Average One-Bedroom Rent:
Around $2,175, which aligns with typical one-bedroom pricing in the market.
Average Monthly Mortgage Payment (Average Home):
Based on 25-year amortization and a 5-year fixed mortgage rate (20% down), the monthly mortgage ranges from approximately $3,953 to $4,808.

Demographics & Lifestyle in Toronto

Toronto balances big-city energy with stable residential living, making it one of the most desirable housing markets in Canada. With 55% homeowners and 45% renters, the city offers a wide mix of properties, from detached homes to townhouses.

The city’s population is highly educated, 58% hold a college degree, with a median family income of $102,570 and a median age of 39. Home to more than 642,000 families, Toronto’s diverse demographics shape vibrant neighbourhoods that appeal to buyers and renters alike.

Top-Rated Schools

Education plays a major role in where families choose to buy or rent, and the Toronto housing market benefits from having some of the best-ranked schools in Ontario. High-performing schools not only shape neighbourhood desirability but also help sustain property values in their surrounding areas.

Elementary Schools

Toronto is home to top-ranked elementary schools that consistently score high:

Hillmount | 10.0
 

Crestwood School | 10.0
 

Arbor Glen | 9.9
 

Seneca Hill | 9.9
 

St. Michael's Choir | 9.9

Secondary

Families also look to secondary schools when choosing the right neighbourhood. Some of Toronto’s best-rated include:

Cardinal Carter Academy | 8.9
 

North Toronto | 8.8
 

Etobicoke School of the Arts | 8.6
 

Ursula Franklin | 8.5
 

William Lyon Mackenzie | 8.4

Access to top-rated Toronto schools is a key reason buyers prioritize certain neighbourhoods, making these areas especially attractive in the competitive Toronto real estate market.

Commuting in Toronto

Getting around is a key factor for anyone considering the Toronto housing market. A majority of residents—53%—commute by car, taking advantage of major highways like the 401, Don Valley Parkway, and Gardiner Expressway. Another 37% rely on public transit, with the TTC subway, streetcars, buses, and GO Transit trains providing extensive coverage across the city and into the GTA.

Active commuters also play a role in shaping neighbourhood choice. 7% of Torontonians walk to work, often in downtown neighbourhoods, while 2% commute by bike using Toronto’s growing network of bike lanes and cycling infrastructure.

Commute Type

% of Residents

Drive

53%

Transit

37%

Walk

7%

Bike

2%

With multiple options for driving, transit, biking, or walking, commuting in Toronto directly impacts where buyers and renters look for homes. Easy access to subway stations, GO Transit hubs, or major highways often makes neighbourhoods more desirable, boosting both lifestyle convenience and long-term property value.

Highlights of Toronto Living

Whether you're visiting or moving, Toronto life delivers. Living in Toronto means being part of a dynamic, cosmopolitan city that blends economic opportunity with cultural richness. From the booming real estate developments to the diverse neighborhoods humming with activity, Toronto offers an urban lifestyle that is vibrant, diverse, and continually evolving, securing its reputation as one of Canada’s most attractive places to live and work

Food and markets at St. Lawrence Market
 

Art and interactive exhibits at the AGO
 

Waterside bike trails to the Toronto Islands
 

Global cuisine in Queen West and Greektown
 

From families to investors, there’s a reason so many are drawn to Toronto real estate. Beyond economics, city living in Toronto is often described as exceptional. The city regularly ranks among the world’s most livable cities for its safety, cleanliness, and amenities. Residents enjoy a high quality of life with extensive green spaces and beachfront boardwalks along Lake Ontario, a world-class food scene (from food trucks to five-star restaurants representing every culture), and a calendar full of festivals and arts events. Family-friendly attractions abound: the iconic CN Tower defines the skyline, St. Lawrence Market offers fresh food and local history, and the Ontario Science Centre and Royal Ontario Museum provide educational fun for all ages. Toronto’s public transit system (subways, streetcars, and buses) makes getting around feasible, while new infrastructure projects aim to improve commuting in this rapidly growing metropolis.

Property.ca – FAQs About Toronto Homes

What is the average home price in , ONToronto?
The average home price in Toronto is about $1,349,000, based on recent MLS® data. Homes typically stay on the market for around 23 days with a strong 97% sale-to-list ratio.

How much does a detached house cost in Toronto?
Detached homes in Toronto average $2,480,000 and sell in roughly 28 days.

How much does a townhouse cost in Toronto?
Townhouses are averaging $1,192,000, showing an -8.2% change year-over-year, with nearly 2,000 listings available.

What are the most expensive neighbourhoods for houses in Toronto?
Neighbourhoods like Lawrence Park South, Rosedale-Moore Park, and Bridle Path-Sunnybrook-York Mills regularly see detached homes exceeding $3 million.

What are the most affordable neighbourhoods for houses in Toronto?
Communities such as Flemingdon Park, Crescent Town, and Henry Farm offer homes starting in the $500,000–$700,000 range.

Do more people rent or own homes in Toronto?
Ownership is slightly higher, with about 55% owning versus 45% renting, though affordability continues to shape demand.

Some good places to grab a bite are Extreme Pita, Swiss Chalet Rotisserie & Grill or Leaside Pizza. Venture a little further for a meal at one of the neighbourhood's restaurants. If you love coffee, you're not too far from Second Cup located at 2075 Bayview Ave. Nearby grocery options: Whole Foods Market is only an 8 minute walk.

Transit riders take note, you are a short distance away to the closest Bus Stop (Raab Blvd at Hospital Rd West Side (K & L Wings)) with route Bayview, and route Sunnybrook. For drivers, the closest highway is Don Valley Parkway and is within a few minutes drive, making it easier to get into and out of the city using Wynford Dr ramps.