Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Toronto prices are still easing: detached medians fell in 32 of the city’s 35 TRREB districts from January to October 2026, and condo medians fell in 31. For 2027, CMHC’s baseline sees Toronto-area sales up about 13% and the average price up about 3% to $1,050,000, but that forecast came before the October 2026 rate hike.
This guide is for anyone buying, selling or owning a home in the City of Toronto who wants the real numbers before making a 2027 plan. You will get the newest TRREB figures for October 2026, three years of sold data across all 35 Toronto districts, what the major forecasters expect, and my own cautious view, clearly labelled.
What are home prices in Toronto right now?
In October 2026, the average home in the City of Toronto sold for $1,075,627 and the median (the middle sale) was $835,000. That covers every home type, from a downtown studio to a Rosedale house, so the type of home matters more than the city-wide figure.
| Home type (City of Toronto) | Sales, Oct 2026 | Change in sales vs Oct 2025 | Average price, Oct 2026 | Change in price vs Oct 2025 |
|---|---|---|---|---|
| Detached | 741 | +0.5% | $1,603,886 | -1.2% |
| Semi-detached | 266 | +1.5% | $1,225,229 | +0.5% |
| Townhouse (freehold and condo) | 217 | -13.2% | $927,804 | +4.2% |
| Condo apartment | 949 | -10.7% | $659,214 | -5.6% |
| All home types | 2,184 | n/a | $1,075,627 | n/a |
Source: TRREB Market Watch, October 2026 (released 4 November 2026), City of Toronto (416) figures. One month of data; averages move with the mix of homes sold.
Two things stand out. Houses held close to last year’s level in October, while condo apartments kept falling. And Toronto had about 4.6 months of inventory, meaning it would take that long to sell every active listing at October’s pace. Across the whole GTA, October sales were 5,603, down 7.9% from a year earlier, and the average price was $1,024,108, down 2.7%.
How much did Toronto home prices change from 2024 to 2026?
Prices fell for a second year in most of the city. From January to October 2026, the median detached price was lower than in the same months of 2025 in 32 of Toronto’s 35 TRREB districts. Condo apartment medians were lower in 31 of 35. TRREB splits Toronto into West (W), Central (C) and East (E) districts. The table groups them into the four parts of the city most people know.
| Part of Toronto | TRREB districts | Detached median range, 2026 | Detached medians down vs 2025 | Condo apartment median range, 2026 | All sales Jan–Oct 2024 / 2025 / 2026 |
|---|---|---|---|---|---|
| Etobicoke | W06–W10 | $870,000 (W10) to $1,548,000 (W07) | 3 of 5 | $401,000 (W10) to $607,500 (W06) | 3,031 / 2,721 / 2,641 |
| North York | C06, C07, C13, C14, C15, W05 | $971,250 (W05) to $1,691,900 (C14) | 6 of 6 | $450,000 (W05) to $578,000 (C07) | 3,738 / 3,495 / 3,613 |
| Scarborough | E04–E11 | $866,500 (E09) to $1,148,250 (E05) | 8 of 8 | $380,000 (E10) to $569,500 (E06) | 3,610 / 3,431 / 3,112 |
| Central Toronto, York and East York | W01–W04, C01–C04, C08–C12, E01–E03 | $882,500 (W03) to $3,627,500 (C09) | 15 of 16 | $452,500 (E03) to $1,112,500 (C12) | 10,699 / 10,157 / 10,147 |
| All of Toronto | 35 districts | $866,500 to $3,627,500 | 32 of 35 | $380,000 to $1,112,500 | 21,078 / 19,804 / 19,513 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024 (median sold price by district; districts with at least 10 sales of that type). Not a forecast.
Notice the spread. The cheapest detached districts in Scarborough and north Etobicoke sell for well under $1 million at the median, while the top central districts sell for more than $3 million. A single “Toronto price” hides all of that, so always start with your own district.
How many homes are selling in Toronto, and how fast?
Sales across the five main home types were 19,513 from January to October 2026, about 1.5% fewer than in 2025 and 7.4% fewer than in 2024. Detached and freehold town sales actually rose a little. Condo sales kept shrinking.
| Home type | Sales 2024 / 2025 / 2026 | Average days on market 2024 / 2025 / 2026 | Active listings at end of Oct 2024 / 2025 / 2026 |
|---|---|---|---|
| Detached | 6,407 / 6,250 / 6,296 | 19 / 24 / 26 | 2,347 / 2,911 / 2,717 |
| Semi-detached | 2,002 / 2,184 / 2,070 | 17 / 20 / 20 | 514 / 575 / 551 |
| Freehold townhouse | 690 / 733 / 761 | 19 / 23 / 24 | 227 / 299 / 254 |
| Condo townhouse | 1,361 / 1,342 / 1,213 | 26 / 32 / 36 | 708 / 740 / 701 |
| Condo apartment | 10,618 / 9,295 / 9,173 | 30 / 36 / 38 | 5,850 / 5,832 / 5,289 |
Source: TRREB MLS data via REALM, January–October 2024, 2025 and 2026, totals for Toronto’s 35 districts. Days on market are sales-weighted averages, rounded.
Here is the simple way to read it. Toronto sold about 630 detached homes a month in 2026, with 2,717 listed at the end of October. That is roughly four months of supply, which leans toward buyers but is not far from balanced. Condo apartments sold about 917 a month with 5,289 listed, close to six months of supply. That is a clear buyer’s market for condos.
Which parts of Toronto held their value best in 2026?
Only three districts had a higher detached median than in 2025: C10 (Mount Pleasant) up 9.5%, W07 (Stonegate-Queensway) up 6.8% and W06 (Mimico, New Toronto, Long Branch and Alderwood) up 1.6%. E03 (East York and the Danforth area) was almost flat at -0.4%.
Among districts with at least 30 detached sales, the biggest drops were in downtown C01 at -15.6%, E11 (Malvern and Rouge) at -13.9%, C06 (Bathurst Manor and Clanton Park) at -13.6% and E08 (Cliffcrest, Guildwood and Scarborough Village) at -12.7%. For condos, the sharpest falls were in W10 (Rexdale area) at -21.9%, C09 (Rosedale-Moore Park) at -22.0% and E08 at -17.0%. A few small condo markets rose, led by E02 (the Beaches) at +4.8%. My guide to whether condo prices are going down in Toronto has every district’s condo numbers.
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How does the October 2026 rate hike affect Toronto buyers and owners?
On 28 October 2026, the Bank of Canada raised its policy rate by 0.25 points to 2.50%, its first increase in more than three years. It acted to stop high energy prices, linked to the war in the Middle East, from spreading into other prices. The Bank expects inflation to average about 3% in 2027 and to return to 2% by the middle of 2028. It also said housing should stay relatively weak.
The big banks raised prime from 4.45% to 4.70% on 29 October, so variable mortgages and lines of credit tied to prime went up right away. Fixed rates follow bond yields, which had already risen through September and October. By my own arithmetic, a rate that moves from 4.50% to 4.75% adds about $112 a month to an $800,000 mortgage on a 25-year amortization.
Economists do not agree on what comes next. After the hike, TD Economics said it expects one more 0.25-point increase in the first quarter of 2027, to 2.75%. CIBC expects a hold on 9 December, a hike in January, and then no change for the rest of 2027. Treat both as forecasts.
What do forecasters expect for the Toronto housing market in 2027?
Most forecasts point to more sales and small price gains in 2027. But most were made before the October hike, so read them as a best case.
| Who | Published | What they expect | Key assumption |
|---|---|---|---|
| CMHC (Toronto census metropolitan area, baseline) | 22 Jul 2026 | MLS sales from 63,500 in 2026 to 71,500 in 2027; average price from $1,020,000 to $1,050,000 | Five-year posted fixed rate averaging 5.4% in 2027 |
| CREA (national) | 16 Oct 2026 | 2027 sales up 4.4%; average price up 1.2% to $689,909 | Limited Bank of Canada action over the next year |
| TD Economics (Ontario) | 29 Sep 2026 | 2027 sales up 7.4%; prices up 0.6% | Bank of Canada on hold through 2027 |
| Bank of Canada | 28 Oct 2026 | Housing to remain relatively weak; economy growing 2% in 2027 | Further rate increases possible |
Sources: CMHC Summer Update 2026 Housing Market Outlook; CREA quarterly forecast; TD Economics Provincial Resale Market Outlook; Bank of Canada rate announcement. All are forecasts, not guarantees.
CMHC’s numbers are the closest thing to a Toronto forecast: about 13% more sales and about 3% higher average prices across the Toronto area in 2027. TRREB has not published a 2027 number. In its October report, it said a Canada-U.S. trade deal and an end to the Middle East conflict could ease worries about inflation and renew interest in buying as 2027 begins. That is a condition, not a forecast.
What Toronto-specific changes could matter in 2027?
- Transit. Line 5 Eglinton opened on 8 February 2026 from Mount Dennis to Kennedy. Homes near its stations now have a working line, not a promise.
- More homes per lot. Toronto has allowed up to four units on residential lots across the city since May 2023. That gives some house buyers a second way to make the numbers work. My guide to the benefits of a multiplex for Toronto homeowners covers how.
- Closing costs. Toronto buyers pay both the Ontario and the Toronto land transfer tax. On a $1 million home that is a large cheque, so read my Toronto land transfer tax guide before you set a budget.
- New-home HST relief. Ontario’s enhanced rebate, whose enabling act received Royal Assent on 12 May 2026 (the federal regulations and CRA application process were still to follow in the reports I found), offers up to $130,000 in combined HST relief on eligible new homes when the agreement is signed between 1 April 2026 and 31 March 2027. That could pull some new-condo demand into early 2027.
- Property taxes. Toronto’s 2026 budget raised the combined residential property tax and City Building Fund by 2.2%, about $91.53 a year on an average home assessed at $692,140.
Is 2027 a good time to buy a home in Toronto?
For a buyer with steady income and a solid down payment, Toronto offers more choice and more room to negotiate than at any point in the last three years. Condo buyers have the most power: almost six months of supply and listings that sit for well over a month. House buyers have less room, but still more than in 2024.
The catch is the rate. Prices are lower, but borrowing costs are rising. Get a pre-approval with a rate hold, then test your budget at a rate one point higher than you are offered.
This is my own cautious view, not a forecast. I do not expect Toronto prices to jump in 2027, and I would not plan around a big further drop either. Houses look close to finding a floor, while condos still have too many listings. If you find the right home at a payment you can carry at today’s rate, buying in a slow market usually beats waiting for a bottom you only see afterwards.
Is 2027 a good time to sell a home in Toronto?
It can be, if you price for the market you are in. A detached seller in most districts faces about four months of supply. A condo seller faces about six, often with similar units for sale in the same building. Homes listed at 2024 prices tend to sit, then sell for less after price cuts.
If you are selling and buying in Toronto, the drop works both ways. A condo owner moving up to a house may lose on the sale but often gains back as much or more on the purchase. For a full plan, see how to sell a house in Toronto, step by step, and my earlier look at whether Toronto house prices will drop in 2027.
The forecasts above were mostly made before the October 2026 hike. If the Bank of Canada raises rates again on 9 December 2026 or 27 January 2027, the 2027 recovery in sales could come later or be smaller. Do not firm up a purchase before your current home is sold unless you can carry both homes for several months.
What to do next
- Find your district in the tables above and compare its 2026 median with recent sales within a few blocks of you.
- Get a mortgage pre-approval with a rate hold before the 9 December 2026 Bank of Canada decision.
- If you own, get a value range based on 2026 sales and today’s competing listings, not on last year’s prices.
- If you are thinking about a new home, check whether you can sign by 31 March 2027 to qualify for the enhanced HST relief.
- Check these numbers again in spring 2027, when early-year sales will show whether the forecast rebound is real.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
Will Toronto house prices go down in 2027?
No major forecaster expects a big drop in Toronto house prices in 2027. CMHC’s July 2026 baseline has the Toronto-area average price rising about 3%, to $1,050,000. That forecast came before the Bank of Canada raised its rate to 2.50% in October 2026, so if rates keep rising, prices could stay flat or slip a little more. Detached medians already fell in 32 of 35 Toronto districts in 2026.
What is the Toronto housing market forecast for 2027?
The main 2027 forecasts for Toronto call for more sales and small price gains. CMHC’s baseline sees Toronto-area MLS sales rising from 63,500 in 2026 to 71,500 in 2027, with the average price near $1,050,000. CREA expects national sales up 4.4% and TD expects Ontario sales up 7.4%. Most of these were published before the October 2026 rate hike.
What is the average house price in Toronto in 2026?
The average detached house in the City of Toronto sold for $1,603,886 in October 2026, according to TRREB. The average for all home types was $1,075,627, and the median was $835,000. Detached medians by district ranged from about $866,500 in Scarborough’s E09 to $3,627,500 in C09 (Rosedale-Moore Park) from January to October 2026.
Is Toronto a buyer’s market right now?
Yes, especially for condos. In late 2026 Toronto had close to six months of condo apartment supply and about four months of detached supply, based on TRREB sold data from January to October. TRREB counted 4.6 months of inventory for all home types in October 2026. Buyers have time to compare homes and room to ask for conditions.
How long does it take to sell a house in Toronto in 2026?
A Toronto detached house took about 26 days on average to sell from January to October 2026, up from about 19 days in 2024. Condo apartments took about 38 days, and condo townhouses about 36. In October 2026, TRREB reported an average of 24 days for detached homes and 36 for condo apartments in the City of Toronto.
Which Toronto districts went up in price in 2026?
Only three Toronto districts had a higher detached median in January to October 2026 than a year earlier. C10 (Mount Pleasant) rose 9.5%, W07 (Stonegate-Queensway) rose 6.8% and W06 (Mimico, New Toronto, Long Branch and Alderwood) rose 1.6%. All other districts were flat or down, according to TRREB MLS data via REALM.
Will interest rates go up again in 2027?
They might. The Bank of Canada raised its rate to 2.50% on 28 October 2026 and said a further increase could be needed. TD Economics expects one more 0.25-point hike in early 2027, and CIBC expects a hike in January 2027 followed by a hold. The next decisions are on 9 December 2026 and 27 January 2027.
Should I wait until 2027 to buy a home in Toronto?
Waiting only helps if prices fall faster than your borrowing costs rise. In late 2026 Toronto buyers already have more choice and negotiating room than in years, but rates are going up, not down. If you have a stable job and a down payment ready, getting a rate hold now and shopping carefully is usually safer than trying to time the bottom.
Are condo prices still falling in Toronto?
Yes. From January to October 2026, condo apartment medians fell in 31 of Toronto’s 35 districts compared with 2025, according to TRREB MLS data via REALM. In October 2026, the average City of Toronto condo apartment sold for $659,214, down 5.6% from a year earlier. Supply is still high, at close to six months.
Sources
- TRREB Market Watch, October 2026
- TRREB news release: October 2026 GTA home sales (4 November 2026)
- Bank of Canada press release, 28 October 2026
- CMHC, Summer Update: 2026 Housing Market Outlook
- CREA quarterly resale housing market forecast (16 October 2026)
- TD Economics, Provincial Resale Market Outlook (September 2026)
- Mortgage Professional Canada: economists react to the October 2026 rate hike
- Rabideau Law: Ontario’s enhanced HST rebate becomes law (May 2026)
Related reading
- GTA Housing Market Forecast 2027: City-by-City Numbers
- Mississauga Housing Market 2027: Prices, Sales and What to Expect
- Brampton Housing Market 2027: Prices, Sales and What to Expect
- Markham and Richmond Hill Housing Market 2027
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.