Greater Toronto Housing Market Trends
Benchmark price $917,600 · -4.6% yearly change
MLS® Home Price Index Data · Source: CREA · Last updated 2026-09
Composite Benchmark
$917,600
-0.9% from last month · HPI 291Monthly Change
-0.9%
month over monthYearly Change
-4.6%
year over yearAll-Time Peak
$1,279,800
-28.3% from peak · Feb 2022Buyer's Market — Greater Toronto. Prices are declining. Higher inventory gives buyers more negotiating power.
Market Insights
Key signals computed from full price history
Price Recovery from Peak$917,600vs peak $1,279,800 · Feb 2022
Quarter-over-Quarter-2.5%price change, last 3 months
3-Year Total Return-15.0%trailing 36 months
5-Year Total Return-14.0%trailing 60 months
Price VolatilityLowstd dev of monthly changes: 0.51%
Affordability vs Ontario152%Ontario avg $605,479
Historical Low (Trough)$315,300Jan 2005 · +191.0% above low
Condo vs House Gap$589,500single-family costs more than condos
Best PerformerTwo Storey -4.9%worst: Apartment / Condo -6.7%
Market Momentum Score3.5/10Weak — trend, volatility & conditions
Benchmark Price Trend
12-month composite benchmark price
Benchmark Price Over Time
Composite benchmark price history
HPI Index Over Time
Composite HPI (base 100)
Property Type Breakdown
Latest benchmark prices by type
Single Family$1,116,700HPI 309.1
Monthly-1.1%
Yearly-5.0%
One Storey$917,600HPI 302.8
Monthly-1.5%
Yearly-5.9%
Two Storey$1,168,900HPI 309.8
Monthly-1.0%
Yearly-4.9%
Townhouse$668,800HPI 318.3
Monthly+0.3%
Yearly-6.5%
Apartment / Condo$527,200HPI 265.9
Monthly-0.8%
Yearly-6.7%
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Property Type Details
Detailed breakdown for Greater Toronto
| Property Type | Benchmark | HPI Index | Monthly | Yearly | 12-Month Trend | Perf. Rank |
|---|---|---|---|---|---|---|
| Composite | $917,600 | 291 | -0.9% | -4.6% | — | — |
| Single Family | $1,116,700 | 309.1 | -1.1% | -5.0% | #2 | |
| One Storey | $917,600 | 302.8 | -1.5% | -5.9% | #3 | |
| Two Storey | $1,168,900 | 309.8 | -1.0% | -4.9% | #1 | |
| Townhouse | $668,800 | 318.3 | +0.3% | -6.5% | #4 | |
| Apartment / Condo | $527,200 | 265.9 | -0.8% | -6.7% | #5 |
All Ontario Markets
Compare benchmark prices and changes across all 28 Ontario markets.
| Board Region | Benchmark | Monthly | Yearly | Peak | From Peak | Condition |
|---|---|---|---|---|---|---|
| Oakville Milton | $1,023,000 | -2.0% | -4.2% | Feb 2022 $1,573,100 | -35.0% | Buyer's Market |
| Greater Toronto | $917,600 | -0.9% | -4.6% | Feb 2022 $1,279,800 | -28.3% | Buyer's Market |
| Mississauga | $903,600 | -1.1% | -6.4% | Mar 2022 $1,326,500 | -31.9% | Buyer's Market |
| Guelph and District | $720,200 | +0.6% | -3.6% | Feb 2022 $976,100 | -26.2% | Balanced Market |
| Hamilton Burlington | $718,600 | -1.3% | -5.1% | Feb 2022 $1,031,700 | -30.3% | Buyer's Market |
| Barrie and District | $687,400 | -1.2% | -5.3% | Mar 2022 $969,700 | -29.1% | Buyer's Market |
| Cambridge | $662,700 | -0.6% | -4.2% | Feb 2022 $983,300 | -32.6% | Buyer's Market |
| Kitchener Waterloo | $630,200 | +0.3% | -5.6% | Feb 2022 $943,300 | -33.2% | Buyer's Market |
| Northumberland Hills | $628,600 | +0.1% | -2.5% | Mar 2022 $864,400 | -27.3% | Balanced Market |
| Ottawa | $623,500 | -2.2% | -0.3% | Mar 2022 $703,100 | -11.3% | Buyer's Market |
| Lakelands | $610,600 | -1.3% | -4.8% | Mar 2022 $795,400 | -23.2% | Buyer's Market |
| Brantford Region | $610,000 | -0.8% | -7.7% | Feb 2022 $863,000 | -29.3% | Buyer's Market |
| Windsor Essex | $570,000 | -2.4% | -2.4% | Apr 2022 $707,000 | -19.4% | Buyer's Market |
| Peterborough and Kawarthas | $568,200 | -0.8% | -3.8% | Mar 2022 $743,800 | -23.6% | Buyer's Market |
| Simcoe and District | $567,900 | +0.4% | -3.4% | Mar 2022 $701,700 | -19.1% | Balanced Market |
| Niagara Region | $567,400 | -0.4% | -4.6% | Mar 2022 $811,700 | -30.1% | Buyer's Market |
| Woodstock Ingersoll Tillsonburg | $566,700 | -1.8% | -5.1% | Apr 2022 $788,400 | -28.1% | Buyer's Market |
| Grey Bruce Owen Sound | $555,200 | -0.9% | -1.7% | Apr 2022 $667,800 | -16.9% | Balanced Market |
| London St Thomas | $552,500 | -0.2% | -2.6% | Feb 2022 $780,400 | -29.2% | Balanced Market |
| Kawartha Lakes | $547,400 | -1.8% | -8.6% | Apr 2022 $757,900 | -27.8% | Buyer's Market |
| Kingston and Area | $542,800 | -1.3% | +0.5% | Mar 2022 $624,100 | -13.0% | Balanced Market |
| Huron Perth | $538,900 | +0.9% | -2.7% | Apr 2022 $687,600 | -21.6% | Balanced Market |
| Rideau St Lawrence | $513,200 | -5.0% | -5.3% | Apr 2022 $590,500 | -13.1% | Buyer's Market |
| Sudbury | $498,000 | -0.3% | -1.2% | May 2026 $527,300 | -5.6% | Balanced Market |
| Quinte and District | $478,100 | -2.0% | -6.9% | Mar 2022 $626,400 | -23.7% | Buyer's Market |
| Bancroft and Area | $420,700 | +1.2% | -13.5% | Aug 2022 $521,000 | -19.3% | Buyer's Market |
| North Bay | $418,600 | -0.2% | -1.7% | Apr 2022 $440,000 | -4.9% | Balanced Market |
| Sault Ste Marie | $311,800 | -2.0% | -2.4% | Sep 2025 $319,400 | -2.4% | Buyer's Market |
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Browse ListingsData source: Canadian Real Estate Association (CREA) — MLS® Home Price Index. Last updated 2026-09.