In the first quarter of 2026, condominium apartments in Stonegate–Queensway sold for an average of $669,000 and a median of $605,000. In Islington–City Centre West the average was $540,000 and the median $515,000. Both figures are from TRREB’s own community market report.
The reason there are two numbers is the thing most people writing about this street get wrong: The Queensway is not one real estate district. It runs through two. Quoting a single “Queensway condo price” is quoting an average of two different markets.
The corridor is split down the middle
TRREB divides the city into districts, and The Queensway crosses the boundary between two of them:
- Toronto W07 — Stonegate–Queensway. The eastern half, roughly Park Lawn Road to Islington Avenue. This is where Reina, Qube, Queensway Park, Curio, 859 West, Kazmir and the Hive Lofts sit. It is the smaller, older, lower-density half.
- Toronto W08 — Islington–City Centre West. The western half, Islington Avenue out to Kipling and Sherway. This is where Verge, Loggia, IQ and The Tailor sit, along with essentially the entire tower pipeline. It is also a much larger district than the piece of it that touches The Queensway.
Neither district is The Queensway. W08 in particular is a large area that includes the Etobicoke City Centre towers around Kipling, which have nothing to do with this street. There is no published TRREB statistic for “The Queensway” as such, and I am not going to manufacture one. Use these as the closest honest proxy, and use building-level comparable sales for anything that actually matters.
TRREB Q1 2026 — condominium apartments
From TRREB’s Condo Market Report for the first quarter of 2026, released 21 May 2026:
| Area | Sales | Average price | Median price | New listings | Active listings | Sold/list price | Avg days on market |
|---|---|---|---|---|---|---|---|
| Toronto W07 (Stonegate–Queensway) | 11 | $669,136 | $605,000 | 36 | 26 | 97% | 56 |
| Toronto W08 (Islington–City Centre West) | 120 | $594,228 | $522,500 | 430 | 218 | 96% | 41 |
| City of Toronto | 2,249 | $649,330 | $570,000 | 7,557 | 4,309 | 97% | 42 |
| All TRREB areas | 3,361 | $618,484 | $545,000 | 11,723 | 6,688 | 97% | 43 |
The neighbourhood-level cut, from TRREB’s Community Market Report for Toronto West in the same quarter, is tighter still:
| Community | Sales | Average | Median | New listings | Sales to new listings | Days on market |
|---|---|---|---|---|---|---|
| Stonegate–Queensway | 11 | $669K | $605K | 36 | 31% | 56 |
| Islington–City Centre West | 85 | $540K | $515K | 257 | 33% | 40 |
The most recent month
From TRREB’s Market Watch for July 2026:
| Area | Sales | Average price | Median price | New listings | Active listings | Avg days on market |
|---|---|---|---|---|---|---|
| Toronto W07 | 5 | $528,978 | $469,000 | 7 | 22 | 34 |
| Toronto W08 | 58 | $575,564 | $525,000 | 125 | 247 | 37 |
| Toronto West | 199 | $616,629 | $545,000 | 531 | 1,090 | 37 |
| City of Toronto | 1,054 | $672,807 | $561,500 | 2,690 | 5,228 | 37 |
| All TRREB areas | 1,564 | $636,323 | $540,500 | 4,190 | 8,352 | 40 |
Do not build anything on the W07 July figure. Five sales in a month is not a market, it is a handful of transactions, and the average of five sales moves violently depending on which five they were. TRREB itself suppresses statistics at two or fewer transactions for exactly this reason. Use the quarterly number for W07 and treat the monthly as noise.
Three things these numbers actually tell you
1. The east end of the street prices higher, on very few sales
Stonegate–Queensway’s $669K average against Islington–City Centre West’s $540K is a real gap of about $129,000. Part of that is unit mix — the eastern buildings are smaller, newer boutique mid-rises with more larger suites, while W08 carries a lot of small tower inventory. Part of it is simply that eleven sales is a small sample. Both things are true.
2. Inventory is heavy, and that is the sellers’ real problem
Look at the ratio, not the price. In Q1 2026 Islington–City Centre West had 257 new condo listings and 85 sales — roughly one sale for every three new listings. Stonegate–Queensway ran 36 new listings against 11 sales. City-wide there were 4,309 active condo listings against 2,249 quarterly sales.
That is what a buyer’s market looks like from the inside. If you are selling a condo on this street, you are not competing with the market average. You are competing with the eight other units in your own building.
3. Sale-to-list is holding at 96–97%
This is the number that surprises people. Despite heavy inventory, sellers are getting 96 to 97 cents on the asking dollar. What that means is that the discounting is happening in the list price, before the property goes up, not in the negotiation. Homes priced correctly are selling near ask. Homes priced on 2022 expectations are sitting for 40 to 56 days and then reducing.
My read
If you are buying on The Queensway, the numbers are on your side and time is on your side — but the building matters far more than the district. The gap between a well-run 2015 building with a healthy reserve and a brand-new one with an untested fee is worth more than the $129,000 gap between the two districts.
If you are selling, price it against your own building’s last three sales and nothing else. The city average is irrelevant to you and so, frankly, is the district average.
Work your own numbers
These are the same tools I use before a listing appointment: condo value estimator · home valuation · land transfer tax · mortgage payment · net proceeds · all calculators. They give you an instant estimate from market data — a starting point, not an appraisal.
Want the numbers for your actual building?
District averages are a starting point and nothing more. Send me your address and I will pull every sale and lease in your building for the last twelve months, and tell you what your specific suite is worth against them. No obligation and no pitch — I would rather you had the real number.
connect@jatindua.com · 437-987-1925 · Book a free consultation
Confidential. Read personally and answered within 24 hours. I never share, sell or distribute your information.
Free tool — AI condo value estimator
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
Frequently asked questions
What is the average condo price on The Queensway in Etobicoke?
There is no TRREB statistic for The Queensway itself. The street runs through two districts. In Q1 2026, condo apartments in Stonegate-Queensway (Toronto W07) averaged $669,136 with a median of $605,000, and in Islington-City Centre West (Toronto W08) averaged $594,228 with a median of $522,500.
Which TRREB district is The Queensway in?
Both W07 and W08. The eastern half, roughly Park Lawn Road to Islington Avenue, is Toronto W07 / Stonegate-Queensway. The western half, Islington out to Kipling and Sherway, is Toronto W08 / Islington-City Centre West. Any single “Queensway price” is averaging two different markets.
Is the Etobicoke condo market a buyer’s market in 2026?
The inventory ratios point that way. In Q1 2026 Islington-City Centre West recorded 257 new condo listings against 85 sales, and city-wide there were 4,309 active condo listings against 2,249 quarterly sales. At the same time, sale-to-list ratios held at 96 to 97 percent, which suggests correctly priced units are still selling close to asking.
How long are Etobicoke condos taking to sell?
In Q1 2026, average days on market were 56 in Stonegate-Queensway and 40 to 41 in Islington-City Centre West, against 42 for the City of Toronto. In July 2026 the figure was 37 days for both Toronto West and the City.
Why is the Stonegate-Queensway average higher than Islington-City Centre West?
Two reasons, and both matter. Unit mix: the eastern buildings are mostly newer boutique mid-rises with a higher share of larger suites, while W08 includes a lot of small tower inventory around Etobicoke City Centre that has nothing to do with The Queensway. And sample size: the W07 figure rests on eleven quarterly sales, which is small enough that individual transactions move the average.
Related reading
- Every condo building on The Queensway, one list
- The Queensway development pipeline in 2026
- Pre-construction on The Queensway compared
- The Queensway vs Humber Bay Shores: where to buy
- Ontario real estate answers — 42 questions
Sources
Every figure on this page traces to one of these. Checked 30 August 2026.
- TRREB — Condo Market Report, Q1 2026 (released 21 May 2026). Quarterly condominium apartment sales, average and median price by TRREB district, including Toronto W07 and W08. Accessed 30 August 2026.
- TRREB — Market Watch, July 2026. Monthly sales, average and median price, new and active listings by district. Accessed 30 August 2026.
- TRREB — Community Market Report, Toronto West, Q1 2026. Neighbourhood-level condominium apartment figures for Stonegate-Queensway and Islington-City Centre West. Accessed 30 August 2026.
- TRREB — Condo Market Report index. Where the current and archived quarterly condominium reports are published. Accessed 30 August 2026.
- Condominium Authority of Ontario. Ontario’s condominium regulator and the public registry of condominium corporations. Accessed 30 August 2026.
- Condominium Act, 1998, S.O. 1998, c. 19 (Ontario). The statute governing status certificates, including the ten-day delivery requirement and the prescribed maximum fee. Accessed 30 August 2026.
About the author — Jatin Dua, Etobicoke real estate agent
I’m a licensed Realtor with RE/MAX Quantum Realty at 799 The Queensway in Etobicoke. My office is on this street, which is the only reason I can write pages like this one: I walk past these sites, I read the City files, and I check the numbers against the source rather than repeating what a marketing page says. I work with buyers, sellers and investors across Stonegate–Queensway, Mimico, Humber Bay Shores, New Toronto, Long Branch and Alderwood.
Questions about a specific suite or a specific site? connect@jatindua.com or 437-987-1925.