Toronto Real Estate

Refine your Toronto real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Toronto.

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Home Prices in Toronto

The asking price of homes for sale in Toronto has decreased -10.56% since September last year, while the number of homes for sale has increased 0.13%. See more Toronto Home Prices & Values.

House
Median Asking Price
$1.7M
2,013 Houses
Townhouse
Median Asking Price
$1.2M
742 Townhouses
Condo
Median Asking Price
$659K
5,817 Condos

Find Real Estate & MLS® Listings in Toronto

Zolo has the most thorough, up-to-date set of Toronto real estate listings. Currently, Toronto has 2,798 homes for sale, including 2,013 houses, 5,817 condos, and 742 townhouses listed for sale. The average sold price for all home types in Toronto is $1.0M, which is 16% higher than September 2019. See our Toronto housing market stats for a more detailed analysis on average home prices, housing inventory, and days on market.

Toronto is home to 143 unique neighbourhoods. With Zolo you'll be able to find the hottest Toronto neighbourhoods, the top schools in the city, and evaluate nearby amenities. Check out the upcoming open houses in Toronto to tour homes in person. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

If you’re looking for rentals instead of properties for sale, Zolo has a comprehensive set of 12,138 Toronto rental listings, including 831 houses and 10,010 apartments for rent. Most residents in the city own their homes, while 45% live in rentals with an average lease price of $1,001.

MLS® Listing data for Toronto is updated every 15 minutes to provide you the most-up-to-date home listings. Get in touch with one of our Toronto real estate agents to get started on landing your dream home today.

Toronto City Guide

2.6M
Population
4.5%
Population Growth
9%
Unemployment

As the provincial capital of Ontario and the largest city in Canada, Toronto is no stranger to attention. Home to award-winning artists and headline-catching sports teams, being in the spotlight is just part of the city’s image. Even Hollywood A-listers consider it a go-to hotspot.

But don’t be fooled. Residents are hard-working and down to earth. Toronto is considered a global city, by the Globalization and World Cities Research Network (GaWC). It’s recognized by various publications and institutions worldwide as one of the most multicultural and cosmopolitan cities. It is the anchor city in the heavily urbanized Golden Horseshoe area, which is home to 9.2 million residents, or 26% of Canada’s population.

The access to the vast amount of labour makes the city an important centre for business and commerce. It’s considered the financial capital of Canada because it has the highest concentration of banks and brokerage firms on Bay Street, the city’s centre of finance. The Toronto Stock Exchange is the world’s 7th-largest equity exchange by market capitalization. Finance isn’t the only economic engine of this city. It’s an important centre for media, publishing, telecommunication, information technology and film and production industries. While manufacturing takes place outside of Toronto city limits, the city continues to be an important wholesale and distribution point.

There are plenty of options and opportunities for those living and working in this award-winning city. No wonder, then, even rapidly rising house prices haven’t stopped people from relocating to this massive city. Visit once and you know why. On a sunny afternoon, everyone seems to stroll along the beaches boardwalk, while weekends are spent at the CN Tower, learning about the nation’s favourite sport at the Hockey Hall of Fame, or buying local meat from a butcher at St. Lawrence Market. This city is definitely a vibrant hub of urban activity and an excellent spot to gain a foothold in Canada’s real estate landscape.  

Market Trends

  • Median List Price$799K
  • Median Selling Price$839K
  • Listing-to-Selling Ratio104.96%
  • Price Change (Month)+2.9%
  • Price Change (Year)+16.48%
  • Average Days on Market16
Note: Data based on last 28 days

At this point in time, Toronto's median sale price is $838,650. This number is determined by finding the mid-point price of all property sold within a specified period of time. For example, if 1384 condos sold last month and only 1042 detached homes sold in the same time frame, then the median price would reflect the mid-point between the 1384 condos and the 1042 detached homes sold during that time. At present, Toronto has 2,013 houses for sale, 742 townhomes for sale and 5,817 condos for sale.

For more information on the current state of Toronto’s real estate market check out the Market Stats page.

A quick scan on MLS ®  shows thousands of homes for sale in Toronto. That doesn’t mean finding a home will be easy. Property shopping in this market will take grit and guts. In recent years, houses for sale in Toronto would only stay on the market for a week or two, on average, and usually, sell for over asking price. That makes the Toronto property market one of the most competitive in the Canadian real estate landscape. While the market is starting to stabilize, buyers should continue to act fast and be prepared to pay top dollar for well renovated, completely updated or new-build homes. For more affordable options consider suburban houses, townhouses or urban Toronto condos, or look for new houses for sale in areas reclaimed by developers.

For more information on real estate in Toronto, check out the city’s MLS listings, which gets data from the Toronto Real Estate Board. To see the latest homes for sale in Toronto set up an MLS alert. The most up-to-date houses for sale in Toronto are sent straight to your inbox.

Neighbourhoods

Toronto real estate is known for its eclectic mix of communities and housing styles. Want a solid brick post-war bungalow? Head to Scarborough or check out the west-end Maple Leaf neighbourhood. Those with classic tastes may want a Victorian townhouse in the artistic enclave of Kensington Market. You could also settle into a good family home in the Riverdale community—made famous by the Kids of Degrassi High. For funky lofts check out the Distillery District. Then there are the modern, glass condo buildings along University Avenue.

To get started, check out the hottest and coldest ‘hoods with homes for sale in Toronto. This list examines how fast properties sell, the percentage of homes that sell over asking and the average house price in that neighbourhood—then it ranks the neighbourhoods based on these metrics. Another option is to spend a weekend checking out Toronto open houses to see which property and community suit you best.

Neighbourhood
(Top 5)
 Sold under 10d Sold above asking Average sale price Active listings
1North Riverdale 88% 88% $1.6M 10
2Runnymede-bloor West Village 82% 80% $1.5M 5
3Woodbine Corridor 83% 74% $1.2M 15
4South Riverdale 82% 75% $1.2M 89
5Woodbine-lumsden 80% 78% $1.0M 15

Nearby Cities

Many buyers opt to purchase in a nearby city and commute to work. These buyers want larger homes and lots but with good commuter access to Toronto’s downtown core. Good options include Vaughan, Pickering and Burlington. Look for neighbourhoods that are closer to the highway or commuter train stations, such as Maple, Liverpool or Appleby. Even cities that require a bit longer of a commute, such as Ajax, Oshawa and Brampton, are options as they offer more affordable detached homes.

City
(Top 5)
 Sold under 10d Sold above asking Average sale price Active listings
1Pickering 210%54%$845K198
2Ajax 57%65%$745K149
3Orangeville 57%61%$680K68
4Milton 51%49%$885K299
5Brampton 50%50%$867K1180

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Toronto’s demographics, including median age, schools and income, using census information from Statistics Canada.

45%
Rent
55%
Own
$1,001
Monthly Rent (Median)
$1,304
Monthly Mortgage (Median)
642,180
Total Families
$58,381
Family Income (Median)
39
Age (Median)
58%
College Educated

Schools

Those interested in a place to live and raise a family, the city is home to top-rated elementary and secondary schools. To help you narrow down your Toronto housing market search, here are the top five schools in each category.

Elementary Schools

10.0 Hillmount
10.0 Kennedy
9.9 Arbor Glen
9.9 Seneca Hill
9.9 St Michael's Choir

Secondary Schools

8.9 Cardinal Carter Academy for the Arts
8.8 North Toronto
8.6 Etobicoke School of the Arts
8.5 Ursula Franklin
8.4 William Lyon Mackenzie

Commuters

Those living and working in Toronto rely on the city’s extensive public transit system. Rapid transit in the city includes underground subways, above-ground light rail and passenger trains, streetcars and 24-hour bus routes. If you’d rather bike to work you’ll enjoy the expanding network of dedicated bike lanes. While those relying on a car need not worry. Toronto is home to the largest highway network in Canada and across North America—making the largest city in Ontario very commuter-friendly.

To get a better idea of how city residents commute, consider the data collected by Statistics Canada.

53%
Drive
37%
Transit
2%
Bike
7%
Walk

Local Scoop

Toronto is one of Canada’s most culturally diverse urban centres. Every year the city ranks as one of the best places in the world to live. One reason is the smorgasbord of tantalizing food on offer. From Caribbean jerk chicken to Portuguese BBQ to Punjabi-inspired curry or authentic Asian, it’s all in Toronto.

Parents and kids like to chill-out at the many family-focused attractions around the city. The Ontario Science Centre’s KidSpark helps little tikes learn to enjoy science. The Art Gallery of Ontario offers little hands a chance to create at their hands-on activity centre. Or spend a day at the historical-themed kids’ play area at the Royal Ontario Museum.

For adult time, pull up a patio seat and enjoy some local brew in the Distillery District or The Junction. Or spend the day outdoors cycling along one of the city’s many dedicated bike paths, before paddling out to the Islands for a picnic.

FAQs About Toronto Real Estate

According to current Toronto MLS© statistics, the average home listing price in Toronto, ON is $1,183,000. Based on Toronto housing inventory, the average home is listed on the market for 124 days and has a 102.3% selling to listing price ratio.

Based on current Toronto MLS© data, the average detached house in Toronto, ON has a listing price of $2,233,000. In Toronto, detached houses are on the market for 15 days on average.

According to current Toronto MLS© data, the average condo in Toronto, ON has a listing price of $804,000. In Toronto, the average price for a 2-bedroom condo is $927,000 and the average price for a 1-bedroom condo is $627,000.

In Toronto, ON, the most expensive neighbourhoods to buy a home include Bridle Path-sunnybrook-york Mills, Forest Hill South, Lawrence Park South and Rosedale-moore Park. Bridle Path-sunnybrook-york Mills is the most expensive neighbourhood in Toronto with an average home price of $5,696,000.

The cheapest neighbourhoods to buy a home in Toronto include Crescent Town, Scarborough Village, Mount Olive-silverstone-jamestown and Flemingdon Park. Crescent Town is the most affordable neighbourhood in Toronto with an average home price of $598,000.

The closest cities to Toronto, ON include Markham, Vaughan, Richmond Hill and Mississauga. Out of the nearby Toronto cities, Richmond Hill has the highest average home price of $1,570,000 and Mississauga has the most affordable average home price of $1,145,000.

The average townhouse in Toronto has an average listing price of $1,481,000, which represents a 0.8% change in price from last year. There are currently 751 townhouses for sale in Toronto, ON.

According to Statistics Canada Census data, the median total household income in Toronto is $58,381 per year, which is below the national median income of $67,000 per year.

In Toronto, ON, fewer people rent their homes than own at 45.4% rent versus 54.6% own. The median monthly rent price is $2,400 per month versus the median monthly mortgage of $4,200 per month.

toronto
The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor Zolo.