The average sales price in Greater Toronto, Canada, increased for all property types except condos in 2023. Buying a condo in December 2023 would cost a home buyer about ******* Canadian dollars. Toronto is Canada's most populous city and the country's most important economic center. It consists of ** municipalities, including Toronto City, Mississauga, Brampton, and others.

The house price for Ontario is forecast to increase slightly in 2025, after declining by six percent in 2023. From roughly 872,312 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to 881,039 Canadian dollars in 2025. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2023 was an estimated 15.6 million people. The median total family income in 2022 came to 101,920 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.

Average House Prices in Canada decreased to 690900 CAD in May from 692400 CAD in April of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

The house price for Ontario is forecast to decrease by eight percent in 2023, followed by a minor increase of one percent in 2024. From roughly 932,000 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to fall to 861,000 Canadian dollars in 2024. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2018 was an estimated 14.3 million people. The median total family income in 2016 came to 83,160 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2024. Additionally, the average home prices in Ontario have significantly increased since 2007.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

New housing price index (NHPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (201612=100).

This data set provides the calculated annual average price of residential homes sold, by home type, within Peel and the area municipalities since 2005. Data is compiled from monthly data released by the Toronto Real Estate Board’s Market Watch reports.NoteAverage annual home price by type for Peel and each of the area municipalities has been calculated using monthly sales and dollar volume. For years 2005 to 2011, data was first aggregated based on TREB districts.

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

House prices in British Columbia and Ontario were notably higher than any other province in Canada in 2024. The average house price in any other province was less than ******* Canadian dollars, whereas in British Columbia and Ontario, it exceeded ******* Canadian dollars. The most affordable province to buy a home was Newfoundland, where the average home cost about ******* Canadian dollars.

Canada House Price Index: New Housing: Ontario: Toronto data was reported at 112.600 Dec2016=100 in Mar 2025. This records a decrease from the previous number of 112.800 Dec2016=100 for Feb 2025. Canada House Price Index: New Housing: Ontario: Toronto data is updated monthly, averaging 64.600 Dec2016=100 from Jan 1981 (Median) to Mar 2025, with 531 observations. The data reached an all-time high of 115.600 Dec2016=100 in Jan 2023 and a record low of 28.000 Dec2016=100 in Jan 1981. Canada House Price Index: New Housing: Ontario: Toronto data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB003: House Price Index: Dec2016=100.

This statistic shows the average home prices in Ontario in 2007 and 2017, by submarket. In 2017, the average selling price for a home in Greater Toronto reached ******* Canadian dollars, up from ******* Canadian dollars ten years earlier.

The Canadian housing market, particularly in major urban centers, has experienced a prolonged period of rapid price appreciation, driven by factors such as low interest rates, strong population growth, and limited supply. According to the Canada Mortgage and Housing Corporation (CMHC), the national average house price rose by more than 50% between 2020 and 2022, with prices in some major cities, such as Toronto and Vancouver, increasing by even more. This rapid price growth has made it increasingly difficult for many Canadians to afford a home, especially in the country's most desirable markets. However, the Canadian housing market is starting to show signs of cooling in 2023, as rising interest rates and stricter mortgage lending rules from the government begin to take effect. The CMHC predicts that the national average house price will decline by 7.6% in 2023, with prices in some markets, such as Toronto and Vancouver, expected to fall by even more. This cooling is expected to continue in 2024, with the CMHC predicting a further decline in the national average house price of 3.2%. The long-term outlook for the Canadian housing market is more uncertain, but the CMHC expects that prices will continue to rise, albeit at a more moderate pace. The Canadian housing market is one of the most expensive in the world, with prices in major cities like Toronto and Vancouver soaring to record highs in recent years. This has led to a growing concern about affordability, as many Canadians are being priced out of the market. Key drivers for this market are: Increasing Adoption of Remote and Hybrid Work Model. Potential restraints include: Lack of Privacy. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.

The house price ratio in Canada peaked in the second quarter of 2022, followed by three quarters of decline and a slight rebound in 2023. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Canada's index score in the third quarter of 2024 amounted to *****, which means that house price growth has outpaced income growth by almost ** percent since 2015. Canadian home prices are fallingAfter several years of steady increase, Canadian house prices were forecast to fall slightly in 2023. This was also the case in British Columbia, which has consistently been the most expensive province for housing. This is likely because Vancouver, Canada's most expensive city, is located there. Canadian incomes on the riseIncomes in Canada have steadily risen since 2000 and show no signs of slowing down in the near future. This should improve housing affordability, as long as home price growth slows down.

Canada House Price Index: New Housing: Toronto and Oshawa data was reported at 138.700 2007=100 in Dec 2016. This stayed constant from the previous number of 138.700 2007=100 for Nov 2016. Canada House Price Index: New Housing: Toronto and Oshawa data is updated monthly, averaging 78.250 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 138.700 2007=100 in Dec 2016 and a record low of 38.900 2007=100 in Jan 1981. Canada House Price Index: New Housing: Toronto and Oshawa data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB006: House Price Index: 2007=100.

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

The City of Toronto monitors food affordability every year using the Ontario Nutritious Food Basket (ONFB) costing tool. Food prices, among other essential needs, have increased considerably in the last several years. People receiving social assistance and earning low wages often do not have enough money to cover the cost of basic expenses, including food. As such, ONFB data is best used to assess the cost of living in Toronto by analyzing food affordability in relation to income, alongside other local basic expenses. The dataset describes the affordability of food and other basic expenses relative to income for 13 household scenarios. Scenarios were selected to reflect household characteristics that increase the risk of being food insecure, including reliance on social assistance as the main source of income, single-parent households, and rental housing. A median income scenario has also been included as a comparator. Income, including federal and provincial tax benefits, and the cost of four basic living expenses - rent food, childcare, and transportation - are estimated for each scenario. Results show the estimated amount of money remaining at the end of the month for each household. Three versions of the scenarios were created to describe: Income scenarios with subsidies: Subsidies can substantially reduce a households’ monthly expenses. Local subsidies for rent (Rent-Geared-to-Income), childcare (Childcare Fee Subsidy), and transit (Fair Pass) are accounted for in this file. Income scenarios without subsidies + average market rent: In this file, rental costs are based on average market rent, as measured by the Canadian Mortgage and Housing Corporation (CMHC). Income scenarios without subsidies + current market rent: Rental costs are based on current market rent (as of October 2023), as measured by the Toronto Regional Real Estate Board (TRREB). All values are rounded to the nearest dollar.

Data on resident buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form: number of and incomes of residential property buyers, sale price, price-to-income ratio by the number of buyers as part of a sale, age groups, first-time home buyer status, buyer characteristics (sex, family type, immigration status, period of immigration, admission category).

Depending on the size of the unit, the median rent for senior housing in Toronto, Canada ranged between 4,600 and almost 9,000 Canadian dollars in 2024. For a one-bedroom unit, seniors paid about 6,611 Canadian dollars. A two-bedroom unit cost 8,819 Canadian dollars.

Canada Construction Price Index: Residential: Single Detached House: Toronto data was reported at 105.600 2023=100 in Mar 2025. This records a decrease from the previous number of 105.700 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Single Detached House: Toronto data is updated quarterly, averaging 62.300 2023=100 from Mar 2017 (Median) to Mar 2025, with 33 observations. The data reached an all-time high of 105.700 2023=100 in Dec 2024 and a record low of 45.700 2023=100 in Mar 2017. Canada Construction Price Index: Residential: Single Detached House: Toronto data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.