Toronto · City guide
Toronto
Canada's largest market — and its widest gap between a downtown condo and a 416 detached home.
Market data as of March–April 2026 · TRREB / Zoocasa, March–April 2026
Price snapshot
Average price
~$1.02M
−7.9% YoY
Detached (416)
~$1.61M
Condo
~$649K
Q1
Source: TRREB / Zoocasa, March–April 2026. Figures shown as published — not rounded. Refreshed quarterly; this snapshot is dated March–April 2026.
Property-type spread
The gap between house and condo is wide: a 416 detached averages about $1.61M, while a condo sits near $649K (Q1). For context, the GTA-wide benchmarks are $1.36M detached and $639K condo (TRREB, May 2026).
GTA benchmark · context
- GTA average
- $1,069,700−4.6% YoY
- Detached
- $1.36M
- Semi-detached
- $1.07M
- Freehold town
- $916K
- Condo
- $639K
TRREB Market Watch, May 2026. GTA-wide context — not Toronto figures.
The 2026 market
- The Bank of Canada has held its policy rate at 2.25% — its fourth consecutive hold.
- Prices are down year-over-year, but spring sales are recovering.
- Buyers have leverage right now — many are negotiating below list.
- Condos are under the most price pressure of any segment.
An honest read of the market — not a “prices are soaring, buy now” pitch. The job is to price and negotiate to where the market actually is.
Sources: Bank of Canada (2026) · TRREB Market Watch (2026)
The insider read
✎ TODO · Alex
Add one specific thing a non-local wouldn't know about Toronto — a pocket, a street, a school-boundary quirk. The detail that proves first-hand knowledge.
Who Toronto is for
✎ TODO · Alex
Who thrives in Toronto — the buyer profile this market actually fits.
Who it's not for
✎ TODO · Alex
Be honest about who should look elsewhere — the trade-offs Toronto asks for.
Toronto — questions buyers ask
- What is the average home price in Toronto in 2026?
- About $1.02M, down 7.9% year-over-year (TRREB / Zoocasa, March–April 2026).
- How much is a detached home or a condo in Toronto?
- A 416 detached home averages roughly $1.61M, and a condo sits near $649K in Q1 (TRREB / Zoocasa, March–April 2026).
- Is it a buyer's or a seller's market in Toronto right now?
- Buyers have leverage. Prices are down year-over-year and many buyers are negotiating below list, with condos under the most pressure. The Bank of Canada has held its rate at 2.25% (a fourth consecutive hold) and spring sales are recovering (Bank of Canada, 2026; TRREB, 2026).
Thinking about Toronto? Better call Goodman.
I'll pull the comps for your exact street and come back with a plan — one to two business days.