Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Heading into 2027, the median condo apartment near The Queensway sold for $584,000 in TRREB district W07 and $525,000 in W08 (January–October 2026), down 5.0% and 8.7% from 2025. Detached medians were $1,548,000 in W07, up 6.8%, and $1,540,000 in W08, down 7.8%. Condos take five to six weeks to sell.
This is a 2027 market check for anyone buying, selling or renting along The Queensway in Etobicoke. It uses TRREB sales data for the two districts the corridor runs through, October’s Market Watch, the latest rent figures and the local projects that could move prices next year, so you can see where condo and house values actually stand.
What are Queensway condo and house prices heading into 2027?
From January to October 2026, the median condo apartment sold for $584,000 in TRREB district W07 (Stonegate-Queensway) and $525,000 in W08, the larger district that includes the western part of the corridor. Median detached prices were $1,548,000 in W07 and $1,540,000 in W08. Condo medians were down 5.0% and 8.7% from the same period of 2025.
These are district figures, not prices for The Queensway itself. TRREB does not publish a statistic for the street, and I will not make one up.
Which TRREB districts cover The Queensway?
The corridor crosses a district line. The eastern stretch sits in W07, which TRREB reports as one community, Stonegate-Queensway. The western stretch sits in W08, which TRREB’s community reports split into seven communities: Edenbridge-Humber Valley, Eringate-Centennial-West Deane, Etobicoke West Mall, Islington-City Centre West, Kingsway South, Markland Wood and Princess-Rosethorn.
That matters for reading the numbers. W08’s condo figures include the Islington and Kipling tower cluster, and its house figures include some of Etobicoke’s priciest streets. W07 is small, so a handful of sales can swing its median. For more detail on the boundary, see my earlier breakdown of what Queensway condos actually sold for.
What did condos near The Queensway sell for in 2026?
| District and type | Sales Jan–Oct 2026 | Median 2024 | Median 2025 | Median 2026 | 1-year change | 2-year change | Avg days on market 2026 |
|---|---|---|---|---|---|---|---|
| W07 condo apartment | 41 | $635,000 | $615,000 | $584,000 | -5.0% | -8.0% | 36 |
| W08 condo apartment | 507 | $603,500 | $575,000 | $525,000 | -8.7% | -13.0% | 38 |
| W08 condo townhouse | 54 | $832,500 | $817,500 | $747,500 | -8.6% | -10.2% | 39 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. Median sold prices; districts W07 and W08 only, not The Queensway itself. W07 had no condo townhouse sales in 2026.
Two things stand out. Condo prices in W08 have fallen about 13% over two years, faster than in W07. And W07 has only 41 condo apartment sales so far in 2026, so treat its median as a rough guide rather than a precise number.
What did houses sell for in W07 and W08 in 2026?
| District and type | Sales Jan–Oct 2026 | Median 2025 | Median 2026 | 1-year change | Avg days on market 2026 |
|---|---|---|---|---|---|
| W07 detached | 140 | $1,450,000 | $1,548,000 | +6.8% | 19 |
| W08 detached | 440 | $1,670,000 | $1,540,000 | -7.8% | 24 |
| W07 freehold townhouse | 13 | $1,176,000 | $1,190,000 | +1.2% | 23 |
| W08 freehold townhouse | 25 | $1,235,000 | $1,140,000 | -7.7% | 17 |
| W08 semi-detached | 13 | $1,052,000 | $1,010,000 | -4.0% | 22 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025. Median sold prices by district. Small samples (under 30 sales) can move sharply from year to year.
W07 detached homes were the exception to the GTA’s 2026 slide, with the median up 6.8%. Over two years, though, the W07 detached median is still about 6% below its 2024 level of $1,655,000. Houses in both districts are selling in roughly three weeks on average, far faster than condos.
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.
What did the market look like in October 2026?
TRREB’s Market Watch for October 2026, released 4 November, gives the latest single month:
- W07 all home types: 25 sales, median $1,248,000, selling at 100% of list price on average, 3.9 months of inventory.
- W08 all home types: 115 sales, median $718,000, 97% of list price, 4.3 months of inventory.
- Condo apartments: 7 sales in W07 at a median of $520,000 and 54 in W08 at $522,500, both at 97% of list. The City of Toronto condo median was $545,000.
- Detached: 17 sales in W07 at a median of $1,330,000 and 101% of list; 48 in W08 at $1,306,500 and 97% of list.
TRREB’s benchmark prices, which adjust for the type of home sold, tell the same story. In October 2026 the W07 apartment benchmark was $523,600, down 8.01% from a year earlier, and the W08 apartment benchmark was $526,600, down 4.50%. Detached benchmarks barely moved: up 0.76% in W07 and down 2.50% in W08.
How fast are homes selling around The Queensway?
Condos are the slow part of this market. Condo apartments in W07 and W08 averaged 36 to 38 days on market so far in 2026, compared with 34 and 31 days in 2024. W08 had 256 condo apartments listed in October against 54 sales that month, roughly four to five months of supply. Detached homes moved in 19 to 24 days on average.
For sellers, that means condo pricing has to be right from day one. For buyers, it means time to compare and negotiate, especially on small one-bedroom units, which make up a large share of the supply.
What are rents on The Queensway?
TRREB’s Rental Market Report for Q2 2026 (the Q3 report was not posted when I checked in November 2026) shows average condo apartment lease rates:
- W07: one-bedroom $2,199 and two-bedroom $2,725 (23 and 24 leases).
- W08: one-bedroom $2,172 and two-bedroom $2,828 (415 and 219 leases).
- City of Toronto: one-bedroom $2,316 and two-bedroom $3,154.
The wider trend may be turning. Urbanation’s Q3 2026 rental report said average GTA condo rents rose 2.4% from the second quarter and were down only 0.6% from a year earlier, while active condo rental listings fell 25%. Building-level rents are in my guide to condos to rent on The Queensway.
Are Queensway condos cheaper than other Etobicoke condo areas?
Slightly, on the medians. From January to October 2026, the median condo apartment sold for $525,000 in W08 and $584,000 in W07, compared with $607,500 in W06, the lakeshore district that covers Mimico, New Toronto, Long Branch and Alderwood. W06 condo prices also held up better, falling 2.7% from 2025 against 8.7% in W08.
Across the whole City of Toronto, TRREB’s October 2026 benchmark price for a condo apartment was $540,100, down 6.97% from a year earlier. So Queensway-area condos sit close to the city benchmark and a little below the lakeshore. In my experience the gap is mostly about unit size, age and view rather than the street itself. If you are choosing between the two areas, my comparison of Humber Bay Shores and The Queensway covers lifestyle, fees and resale.
What could move Queensway prices in 2027?
Interest rates
The Bank of Canada raised its policy rate to 2.50% on 28 October 2026, its first increase in more than three years, and said a further increase could be needed. Big-bank prime rose to 4.70%. The next decision is 9 December 2026. Higher borrowing costs weigh most on condo buyers, who are often first-time buyers on tight budgets.
New condo supply
Urbanation reported in October 2026 that GTHA condo completions are scheduled to fall from 20,868 units in 2026 to 15,825 in 2027 and 12,065 in 2028, with construction starts 82% below the ten-year average. It also reported that average resale condo prices per square foot fell 7.9% from a year earlier in the outer 416 in Q3 2026, against 2.8% in the former City of Toronto. Fewer completions could ease the oversupply that has pushed outer-416 condo prices down, but that is a slow process.
Local construction
The City of Toronto says construction of The Queensway Complete Street, with raised protected cycle tracks from the Humber River to Burma Drive, is anticipated to start in 2027. The City also says full rehabilitation of Gardiner Expressway Section 3, from Highway 427 to the Humber River, is scheduled to start as soon as 2027. Expect disruption on the corridor next year. The approved towers further along the street are tracked in my Queensway development pipeline.
District medians mix very different homes. A 500-square-foot one-bedroom in a W08 tower and a two-bedroom in a W07 mid-rise both count as condo apartments. Before you price or offer, compare sales in the same building and the same layout over the last 12 months.
My view, and it is only a view: Queensway condo prices are closer to the bottom than the top, but I do not expect a quick rebound in 2027 with rates rising and construction starting on the street. Buyers who plan to stay five years or more have more choice and leverage than they have had in years. Condo sellers should price against their own building’s recent sales. House owners in W07 are in a steadier market and can be more patient.
What to do next
- Pull the last 12 months of sales in your building or on your street rather than relying on district medians.
- If you are buying, stress-test your payment at a rate above today’s, given the Bank of Canada’s October hike.
- If you are selling a condo, check how many units in your building are listed now and price against them.
- Check the City’s plans for the block you live on or are buying on before you pay for a view or quiet.
- Read the wider Etobicoke housing market 2027 outlook for district-by-district comparisons.
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
What is the average condo price on the Queensway in 2027?
There is no official Queensway figure, but the nearest TRREB districts give a guide. From January to October 2026, the median condo apartment sold for $584,000 in W07 (Stonegate-Queensway) and $525,000 in W08, according to TRREB MLS data via REALM. Those are the latest full-year figures heading into 2027 and were down 5.0% and 8.7% from 2025.
Are Queensway condo prices going down?
Yes, through 2026. Median condo apartment prices in TRREB district W08 fell from $603,500 in January–October 2024 to $525,000 in the same period of 2026, about 13% over two years, and W07 fell about 8%. TRREB’s October 2026 benchmark for W07 apartments was down 8.01% year over year. Whether prices fall further in 2027 is uncertain.
How much is a house on the Queensway in Etobicoke?
Detached homes in the districts around The Queensway had a median sold price of $1,548,000 in W07 and $1,540,000 in W08 from January to October 2026, according to TRREB MLS data via REALM. In October 2026 alone, the W07 detached median was $1,330,000 and the W08 median was $1,306,500, per TRREB’s Market Watch.
What TRREB district is The Queensway in?
Two. The eastern part of The Queensway in Etobicoke is in TRREB district W07, which is the single community of Stonegate-Queensway. The western part is in W08, a larger district with seven communities, including Islington-City Centre West and Etobicoke West Mall. Because W08 is large, its numbers include areas well away from The Queensway.
How long do condos take to sell on the Queensway?
About five to six weeks on average. Condo apartments in TRREB districts W07 and W08 averaged 36 and 38 days on market from January to October 2026, according to TRREB MLS data via REALM, up from 31 to 34 days in 2024. Detached homes in the same districts sold in 19 to 24 days on average.
What is the rent for a one-bedroom condo on the Queensway?
About $2,200 a month. TRREB’s Rental Market Report for Q2 2026 shows an average one-bedroom condo lease of $2,199 in W07 (Stonegate-Queensway) and $2,172 in W08, below the City of Toronto average of $2,316. Two-bedroom averages were $2,725 in W07 and $2,828 in W08. TRREB’s Q3 2026 report was not yet posted in November 2026.
Will Queensway condo prices go up in 2027?
No one can say for sure. Urbanation reported that GTHA condo completions will fall to 15,825 units in 2027 and that rents began recovering in Q3 2026, which could support prices over time. Against that, the Bank of Canada raised its policy rate to 2.50% in October 2026 and signalled further hikes are possible. Treat any 2027 forecast with caution.
Is the Queensway getting bike lanes in 2027?
The City of Toronto says construction of The Queensway Complete Street, which adds raised protected cycle tracks from the Humber River to Burma Drive, is anticipated to start in 2027. Council approved the project on 7 April 2022, and the start was delayed by critical bridge repairs. Timing could still change, so check the City’s project page.
Sources
- TRREB Market Watch, October 2026
- TRREB Rental Market Report, Q2 2026
- TRREB Community Housing Market Report, Toronto West, Q2 2026
- Urbanation: Rental recovery begins in the GTHA as vacancy and incentives fall (27 October 2026)
- Urbanation: GTHA new condo sales double from a year ago in Q3 (19 October 2026)
- Bank of Canada: policy rate announcement, 28 October 2026
- City of Toronto: The Queensway Complete Street
- City of Toronto: Gardiner Expressway Section 3, Highway 427 to Humber River
Related reading
- Should You Buy a Condo on the Queensway in 2027?
- Selling a Condo on the Queensway in 2027: Pricing and Timing
- Renting on the Queensway in 2027: Condo Rents and Where to Look
- Queensway Condos Finishing in 2027: What’s Closing and What It Means
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.