Toronto & GTA Market Reports
General overview of the Toronto & GTA housing market. For accurate, current data on your specific area, contact us directly.
Interest Rates
Bank of Canada rates stabilizing. Fixed 5-year rates around 5.0–5.5%. Variable rates starting to recover.
Inventory
Listings remain below historical averages in most GTA regions, keeping prices supported.
Buyer Demand
Pent-up demand from 2023–2024 is driving 2025–2026 activity, especially from first-time buyers.
Outlook
Most analysts project modest 3–5% price appreciation across the GTA through the remainder of 2026.
Area-by-Area Breakdown
Toronto (GTA)
+2.1% YoY$1,142,000
Average Sale Price
Condos and detached homes remain in high demand downtown.
North York
+3.4% YoY$1,085,000
Average Sale Price
Strong demand near subway lines. Semis and detached homes selling fast.
Scarborough
+1.8% YoY$895,000
Average Sale Price
Affordable entry point with growing interest from first-time buyers.
Vaughan
+4.2% YoY$1,198,000
Average Sale Price
One of the fastest-growing communities in the GTA. Townhomes and detached leading.
Richmond Hill
+2.9% YoY$1,254,000
Average Sale Price
Top-rated schools driving strong family demand. Limited inventory.
Markham
+3.1% YoY$1,175,000
Average Sale Price
Tech corridor growth fueling demand. New builds and resale both active.
Mississauga
+1.5% YoY$942,000
Average Sale Price
Condos near Square One strong. Suburbs offering good value.
Oakville
+2.3% YoY$1,465,000
Average Sale Price
Luxury market steady. Lakefront and golf course properties in demand.