The City of Toronto benchmark price was $908,800 in October 2026, down 3.6% from a year earlier. In February it was down 8.1%.
The prices here are benchmark prices from the Toronto Regional Real Estate Board's MLSยฎ Home Price Index, which tracks a typical home of each type. Prices cover the City of Toronto. Sales and new listings cover the whole GTA.
Source: TRREB Market Watch and MLSยฎ Home Price Index, October 2025 to October 2026.
What are Toronto house prices now?
The benchmark price for all home types in the City of Toronto was $908,800 in October 2026, down 3.6% from October 2025. By home type:
| Home type | Benchmark price | Change from October 2025 |
|---|---|---|
| Detached | $1,422,800 | down 3.82% |
| Semi-detached and attached | $1,116,100 | down 4.08% |
| Townhouse | $702,900 | down 6.94% |
| Condo apartment | $540,100 | down 6.97% |
Every home type is down from a year earlier. A benchmark is the price of a typical home of one type, and it is a different number from the average price. Home Price Index vs average price explains the difference.
How have Toronto house prices changed over the last 12 months?
The benchmark rose from $941,800 in October 2025 to $945,200 in November, then fell through the winter to $920,400 in February. It climbed each month through the spring and peaked at $938,000 in May, then fell each month until September. In October it was $908,800, the first month since May without a decline.
Compared with a year earlier
Home prices follow the seasons. Spring is busier than winter, and prices rise and fall with it, so we compare each month with the same month a year earlier.
On that measure the benchmark was below the year-earlier level in every month of the period. It was furthest below in February, at 8.1%. By October the difference was 3.6%. Prices are still below a year earlier, and the gap has more than halved since February.
Where can I see a Toronto house prices chart?
This chart shows the City of Toronto benchmark price for each month from October 2025 to October 2026. Switch between the price and the change from a year earlier, and between home types.
| Month | Benchmark price | Change from a year earlier | Detached | Semi-detached and attached | Townhouse | Condo apartment |
|---|---|---|---|---|---|---|
| Oct 2025 | $941,800 | down 4.07% | $1,481,300 | $1,168,100 | $755,600 | $577,000 |
| Nov 2025 | $945,200 | down 4.12% | $1,489,700 | $1,172,200 | $750,100 | $576,500 |
| Dec 2025 | $934,800 | down 4.33% | $1,465,600 | $1,157,200 | $738,400 | $573,600 |
| Jan 2026 | $924,100 | down 6.62% | $1,456,600 | $1,142,700 | $737,100 | $560,200 |
| Feb 2026 | $920,400 | down 8.08% | $1,448,000 | $1,139,500 | $729,900 | $560,000 |
| Mar 2026 | $929,900 | down 7.33% | $1,465,100 | $1,152,600 | $729,300 | $561,600 |
| Apr 2026 | $934,900 | down 5.23% | $1,474,900 | $1,170,600 | $726,700 | $556,700 |
| May 2026 | $938,000 | down 5.40% | $1,480,300 | $1,170,400 | $716,500 | $556,600 |
| Jun 2026 | $934,000 | down 4.33% | $1,469,200 | $1,163,700 | $724,200 | $553,900 |
| Jul 2026 | $928,200 | down 3.83% | $1,455,200 | $1,146,300 | $725,300 | $551,900 |
| Aug 2026 | $918,400 | down 3.73% | $1,437,900 | $1,127,200 | $717,200 | $547,400 |
| Sep 2026 | $908,200 | down 3.84% | $1,417,600 | $1,111,200 | $714,700 | $543,800 |
| Oct 2026 | $908,800 | down 3.60% | $1,422,800 | $1,116,100 | $702,900 | $540,100 |
City of Toronto benchmark prices, as first published in each month's TRREB Market Watch. TRREB revises earlier months, so a year-over-year figure can differ slightly from the ratio of two rows.
Are Toronto condo prices still dropping?
The City of Toronto condo apartment benchmark was $540,100 in October 2026, down 6.97% from October 2025. It was $543,800 in September. Condo apartments and townhouses, at 6.97% and 6.94%, were down by more than detached homes, at 3.82%. These figures report what has happened up to October. They do not say what comes next.
Fewer sales and fewer new listings across the GTA
Across the GTA, sales were below the year-earlier level in eight of the last twelve months. They rose from March to June, by between 2% and 9%, and have fallen in each month since. In October, 5,603 homes sold, down 7.9% from a year earlier.
New listings have been below the year-earlier level for ten straight months, by between 9% and 19%. In October, 14,173 homes were newly listed, down 11.9%.
We read it this way. Buyers and sellers pulled back together, so prices slipped over the year without a sharp drop. For how much choice that left buyers, see homes for sale per sale, by home type.
What a 12-month chart cannot tell you
A citywide benchmark does not take your specific property into account, or what your neighbours' homes sold for. Neighbourhoods also move differently, and a single month can be an outlier. In October the benchmark rose in 4 of the 35 districts TRREB reports for Toronto and fell in 31. You can look up your own district in the October market post. The best way to get an accurate price is to talk to an agent who understands the market and your specific neighbourhood, and who can prepare a detailed comparative market analysis (CMA).
If you plan to buy or sell
- If you plan to buy, prices are lower than a year earlier in every home type, and condo apartments and townhouses are down the most. Check the figures for your home type and neighbourhood before you set a budget.
- If you plan to sell, a price from the spring, or from a sale a year ago, is out of date. Ask for a CMA built on sales from the last few weeks.
Everything here reports the twelve months to October.
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Questions and answers
What are Toronto house prices now?
The City of Toronto composite benchmark price was $908,800 in October 2026, down 3.6% from a year earlier. These are benchmark prices from TRREB's MLSยฎ Home Price Index, which track a typical home of each type.
How have Toronto house prices changed over the last 12 months?
The benchmark rose from $941,800 in October 2025 to $945,200 in November, fell to $920,400 in February, peaked in this period at $938,000 in May, then fell to $908,200 in September. October was $908,800, the first month since May without a decline. Compared with a year earlier, the gap was widest in February, at 8.1%, and had narrowed to 3.6% by October.
Are Toronto condo prices still dropping?
The City of Toronto condo apartment benchmark was $540,100 in October 2026, down 6.97% from October 2025. Townhouses were down 6.94%, detached homes 3.82%, and semi-detached and attached homes 4.08%.
When did housing prices peak in Toronto?
Inside this 12-month window, the City of Toronto composite benchmark peaked at $938,000 in May 2026, then fell each month until September. This post does not report an all-time peak.
What happened to sales and new listings?
Across the GTA, 5,603 homes sold in October, down 7.9% from a year earlier. New listings were 14,173, down 11.9%, and have been below the year-earlier level for ten straight months.
Source: TRREB MLSยฎ Home Price Index, October 2025 to October 2026. TRREB Market Watch, November 2025 to October 2026. Benchmark figures cover the City of Toronto. Sales and new listings cover the GTA. Prepared by Forest Hill Real Estate Inc., Brokerage.