Average home price by property type in Toronto
These are the average home prices by property type in Toronto updated with housing market data released September 2025 for the August 2025 period.
| Home Type | Home Price |
|---|---|
| All Home Types | $1,022,143 |
| Att/Row/Townhouse | $946,395 |
| Condo Apartment | $642,195 |
| Detached | $1,312,240 |
| Semi-Detached | $980,102 |
Average home price in the Greater Toronto Area (GTA)
The table below shows the average home price for each region across all home types in August 2025 to help buyers and sellers understand where home prices are the most and least expensive.
King is the most expensive area with the average home price over $2.2 million, with detached homes in the $2.4 million range.
Some more affordable areas include Oshawa with an average home price of $695,000 across all home types, Essa with an average of $705,000, Orangeville with $730,000 and Brock with $730,000.
Want to see how much home you can afford in your preferred GTA region? Try our income to afford home calculator or mortgage affordability calculator.
| Area | Home Price |
|---|---|
| All TRREB Areas | $1,022,143 |
| Halton Region | $1,159,791 |
| Burlington | $1,075,789 |
| Halton Hills | $1,036,010 |
| Milton | $964,086 |
| Oakville | $1,415,357 |
| Peel Region | $960,351 |
| Brampton | $924,980 |
| Caledon | $1,139,311 |
| Mississauga | $968,250 |
| City of Toronto | $992,085 |
| Toronto West | $957,474 |
| Toronto Central | $1,035,938 |
| Toronto East | $945,522 |
| York Region | $1,184,196 |
| Aurora | $1,358,974 |
| East Gwillimbury | $1,219,240 |
| Georgina | $857,314 |
| King | $2,198,734 |
| Markham | $1,136,323 |
| Newmarket | $995,420 |
| Richmond Hill | $1,247,531 |
| Vaughan | $1,210,952 |
| Stouffville | $1,223,606 |
| Durham Region | $860,951 |
| Ajax | $893,972 |
| Brock | $848,623 |
| Clarington | $793,715 |
| Oshawa | $747,282 |
| Pickering | $913,648 |
| Scugog | $894,895 |
| Uxbridge | $1,202,325 |
| Whitby | $972,305 |
| Dufferin County | $759,496 |
| Orangeville | $759,496 |
| Simcoe County | $893,023 |
| Adjala-Tosorontio | $1,224,713 |
| Bradford | $954,685 |
| Essa | $740,246 |
| Innisfil | $891,499 |
| New Tecumseth | $862,517 |
How much income would it take to afford a home in Toronto?
The income it would take to purchase a home in Toronto varies widely based on the home type. This table shows how much household income it would take to afford a home based on August 2025 home prices.
| Home Type | Home Price | Mortgage | Income Required |
|---|---|---|---|
| All Home Types | $1,022,143 | $817,714 | $215,828 |
| Att/Row/Townhouse | $946,395 | $757,116 | $201,235 |
| Condo Apartment | $642,195 | $513,756 | $142,629 |
| Detached | $1,312,240 | $1,049,792 | $271,717 |
| Semi-Detached | $980,102 | $784,082 | $207,729 |
If you wanted to purchase the average detached home in Toronto it would take household income of $271,717 which is much higher than the typical income in Canada. This income would put you in the top income percentile earners based on the Canada income percentile calculator.
The income to afford calculation uses the following inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 4.04%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month
- Heating costs of $150 per month
Toronto market metrics
These key metrics provide additional context for the Toronto housing market as of August 2025:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 4,975 | -5.3% |
| New Listings | 12,547 | +1.2% |
| Active Listings | 24,780 | +18.5% |
| Average Days on Market | 27 | +4 days |
| Sales-to-New-Listings Ratio | 39.6% | -2.8 pp |
| Months of Inventory | 4.98 | +1.2 months |
With the sales-to-new-listings ratio below 40%, the Toronto market has shifted decisively toward buyer’s territory. Elevated inventory and longer days on market give purchasers more time and leverage to negotiate.
Key trends in the Toronto housing market
Pre-construction market
Toronto’s pre-construction condo market has experienced notable cooling. Investor demand — which had driven much of the condo sector in recent years — has retreated amid higher carrying costs and slower rent growth. Several planned projects have been delayed or cancelled, and assignment sales have become more common as investors seek exits. This has implications for future supply and pricing in the condo segment.
Population growth and demand
The Greater Toronto Area remains Canada’s primary destination for newcomers, with the region absorbing a significant share of the country’s immigration intake. This structural demand driver underpins long-term housing needs, though short-term market conditions can diverge from demographic trends.
Investor activity
Investor-owned units represent a substantial portion of Toronto’s condo market — estimated at 30–40% of total condo stock by CMHC. With rising carrying costs, some investor-owners have listed units for sale, contributing to elevated inventory in the condo segment.
Neighbourhood overview
The Greater Toronto Area encompasses a diverse range of neighbourhoods, each with distinct price levels and market dynamics:
- Downtown Toronto (C01, C08) — The condo-dominated core with the highest density. Average condo prices sit around $700,000–$750,000. Popular with young professionals and investors.
- Midtown (C02, C03, C04) — Neighbourhoods like Forest Hill, Rosedale, and Lawrence Park feature among the most expensive detached homes in Canada, often exceeding $2 million.
- North York (C06, C07, C14, C15) — A mix of older detached homes and newer condo developments. Areas along the Yonge corridor and near subway stations command premiums.
- Scarborough (E03, E04, E05) — Generally more affordable than the central city, with detached homes often $200,000–$300,000 below the citywide average. Growing transit investment is expected to support price growth.
- Etobicoke (W02, W05, W06, W08) — A mix of waterfront condos, suburban detached homes, and established neighbourhoods. Prices range widely depending on proximity to transit and the lake.
- 905 Regions — The surrounding municipalities of Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville, and others offer a range of housing types. Many buyers have moved to the 905 in search of more space at lower price points, though these areas have seen significant price increases as well.
Toronto’s double land transfer tax
Toronto is the only city in Ontario that levies a municipal land transfer tax (MLTT) in addition to the provincial land transfer tax (LTT). This means buyers in Toronto pay approximately double the transfer tax compared to other Ontario municipalities.
Ontario Provincial Land Transfer Tax:
| Purchase Price Bracket | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
Toronto Municipal Land Transfer Tax (MLTT):
| Purchase Price Bracket | Rate |
|---|---|
| First $55,000 | 0.5% |
| $55,001 to $250,000 | 1.0% |
| $250,001 to $400,000 | 1.5% |
| $400,001 to $2,000,000 | 2.0% |
| Over $2,000,000 | 2.5% |
For a home purchased at Toronto’s average price of $1,022,143, the total combined land transfer tax would be approximately $33,000 — a significant closing cost that buyers must budget for. First-time home buyers in Ontario can receive a rebate of up to $4,000 on the provincial LTT, and Toronto offers an additional MLTT rebate of up to $4,475.
Use our land transfer tax calculator to estimate the exact amount you would owe, and our closing costs calculator to get a full picture of purchase costs.
Related Toronto housing calculators
If you are buying a home in the Toronto area, these calculators can help you plan:
- Mortgage Calculator — Estimate monthly payments on a Toronto home
- Mortgage Affordability Calculator — How much home can you afford?
- Income to Afford Home Calculator — Salary needed at different Toronto price points
- Mortgage Insurance Calculator — Calculate CMHC premiums for down payments under 20%
- Land Transfer Tax Calculator — Calculate Ontario + Toronto MLTT
- Closing Costs Calculator — Budget for all costs beyond the purchase price
- Mortgage Stress Test Calculator — Qualify under the stress test
- Mortgage Rates — Compare current Toronto mortgage rates
These home prices are updated based on data released by the Toronto Regional Real Estate Board (TRREB).