Home Prices in Toronto
The asking price of homes for sale in Toronto has increased 46.48% since June last year, while the number of homes for sale has decreased -1.64%. See more Toronto Home Prices & Values.
Toronto MLS® Listings & Real Estate
Zolo helps you search for your perfect home out of the 6842 homes for sale in Toronto. Narrow down these homes by property type, price, number of bedrooms, size, keywords like "swimming pool," and more to find Toronto condos or houses for sale in Toronto. With Zolo you'll be able to find the hottest Toronto neighbourhoods, neighbourhoods with the best schools in the city, and easily navigate the MLS® system. Most locals in the city own their homes, while 45% live in Toronto rentals. If you're looking for Toronto apartments for rent or houses for rent in Toronto, we've got you covered.
Zolo has the most thorough, up-to-date set of Toronto real estate listings and allows you to search within the Toronto MLS® system for nearby cities and neighbourhoods. If you're interested in the Toronto real estate market and how it's changed over the year, Zolo's Toronto average house price stats are the perfect way to further your research. After analyzing Toronto MLS® data for thousands of homes, we've collected new insights on average home prices, housing inventory, and days on market. Currently, the average Toronto home will sell for $845,673 and will be on the market for 14 days. Get in touch with one of our Toronto Realtors to get started on landing your dream home today! Interested in cities around Toronto? Find Markham real estate as well as search for homes for sale in Vaughan and within the Mississauga MLS® system on Zolo.
Toronto City Guide
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
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Median List Price$649K
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Median Selling Price$659K
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Listing-to-Selling Ratio101.46%
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Price Change (Month)-2.44%
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Price Change (Year)+11.61%
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Average Days on Market14
At this point in time, Toronto's median sale price is $658,500. This number is determined by finding the mid-point price of all property sold within a specified period of time. For example, if 1399 condos sold last month and only 811 detached homes sold in the same time frame, then the median price would reflect the mid-point between the 1399 condos and the 811 detached homes sold during that time. At present, Toronto has 2,451 houses for sale, 1,292 townhomes for sale and 3,105 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 |
|---|---|---|---|---|
| 1Thorncliffe Park | 100% | 100% | $527K | 5 |
| 2Danforth | 100% | 85% | $985K | 9 |
| 3Blake-jones | 92% | 77% | $1.1M | 15 |
| 4North Riverdale | 90% | 79% | $1.4M | 13 |
| 5Playter Estates-danforth | 83% | 83% | $1.4M | 12 |
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 |
|---|---|---|---|---|
| 1Bradford West Gwillimbury | 511% | 66% | $751K | 231 |
| 2Pickering | 70% | 75% | $729K | 287 |
| 3Ajax | 67% | 80% | $684K | 364 |
| 4Milton | 67% | 70% | $763K | 593 |
| 5Halton Hills | 65% | 66% | $746K | 191 |
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.
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. (Learn more in our Toronto school guide.)
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.
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.
