Market data › GTA prices since 1980
GTA Home Prices Since 1980: Every Boom, Correction and Recovery
The average GTA resale price was $75,694 in 1980 and $1,067,715 in 2025. For January to September 2026 it was $1,025,266. Prices have not gone up in a straight line — here is every year, and every time they fell.
Every time average prices fell
| Peak → low | Peak average | Low average | Fall | Back above the peak |
|---|---|---|---|---|
| 1989 → 1996 | $273,698 | $198,317 | −27.5% | 2002 |
| 2017 → 2018 | $823,422 | $784,118 | −4.8% | 2020 |
| 2022 → 2025 | $1,193,766 | $1,067,715 | −10.6% | Not yet |
These are annual averages, so the monthly swings were bigger. The longest stretch was the early-1990s correction, when the average took more than a decade to get back above the 1989 level. The average also moves with the mix of homes sold — a year with more condo sales pulls the average down even if prices for each type are steady.
Every year
| Year | Homes sold | Average price | Change |
|---|---|---|---|
| 2025 | 62,311 | $1,067,715 | −4.7% |
| 2024 | 70,274 | $1,120,241 | −1.0% |
| 2023 | 69,888 | $1,131,219 | −5.2% |
| 2022 | 79,588 | $1,193,766 | +8.7% |
| 2021 | 127,312 | $1,098,088 | +18.5% |
| 2020 | 101,096 | $926,340 | +13.9% |
| 2019 | 94,044 | $812,989 | +3.7% |
| 2018 | 82,626 | $784,118 | −4.8% |
| 2017 | 96,932 | $823,422 | +12.5% |
| 2016 | 118,084 | $731,927 | +17.4% |
| 2015 | 107,429 | $623,529 | +9.5% |
| 2014 | 98,571 | $569,402 | +8.3% |
| 2013 | 92,767 | $525,681 | +5.3% |
| 2012 | 90,925 | $499,413 | +7.1% |
| 2011 | 94,568 | $466,388 | +7.6% |
| 2010 | 91,035 | $433,431 | +9.0% |
| 2009 | 92,294 | $397,490 | +3.9% |
| 2008 | 79,281 | $382,512 | +1.1% |
| 2007 | 98,363 | $378,339 | +6.7% |
| 2006 | 87,561 | $354,605 | +5.0% |
| 2005 | 88,290 | $337,747 | +6.5% |
| 2004 | 87,608 | $316,987 | +7.5% |
| 2003 | 82,434 | $294,747 | +6.3% |
| 2002 | 77,870 | $277,375 | +9.3% |
| 2001 | 70,225 | $253,658 | +3.7% |
| 2000 | 60,783 | $244,653 | +6.6% |
| 1999 | 61,520 | $229,564 | +5.2% |
| 1998 | 57,718 | $218,288 | +3.1% |
| 1997 | 60,588 | $211,729 | +6.8% |
| 1996 | 58,564 | $198,317 | −1.0% |
| 1995 | 40,534 | $200,220 | −2.5% |
| 1994 | 46,056 | $205,448 | −0.5% |
| 1993 | 38,990 | $206,490 | −3.9% |
| 1992 | 41,703 | $214,971 | −8.3% |
| 1991 | 38,144 | $234,313 | −8.1% |
| 1990 | 26,779 | $255,020 | −6.8% |
| 1989 | 38,960 | $273,698 | +19.2% |
| 1988 | 49,381 | $229,635 | +21.4% |
| 1987 | 43,475 | $189,105 | +36.1% |
| 1986 | 52,919 | $138,925 | +27.3% |
| 1985 | 45,509 | $109,094 | +6.6% |
| 1984 | 31,905 | $102,318 | +0.7% |
| 1983 | 30,046 | $101,626 | +6.4% |
| 1982 | 25,336 | $95,496 | +5.9% |
| 1981 | 29,625 | $90,203 | +19.2% |
| 1980 | 26,017 | $75,694 | — |
Source: TRREB Historic Statistics, MLS® System sales and average price, 1980–2025, and TRREB Market Watch September 2026 (year to date). TRREB notes that its market area has changed over time, so use caution comparing years far apart.
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