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Renanza Realty
Ontario · Local guide

Toronto Real Estate

Toronto is Canada's largest and most active real estate market, spanning downtown condo districts along the waterfront and the Financial District out to established residential neighbourhoods like Leaside, the Annex, Etobicoke and Scarborough. The listing mix runs from high-rise apartments to detached houses across dozens of distinct communities.

Market snapshot

The Toronto market right now

Toronto currently has 8,495 active listings. Most homes for sale are priced between $449K and $2.50M, with a median around $799K. Condos and apartments make up the largest share of the market.

8,495
Active listings
8,495
For sale
$799K
Median list price
$449K–$2.50M
Typical range
$786
Median price / sq ft
29
Median days listed
1,156
New in last 7 days
2012
Median year built

Toronto prices by bedrooms

BedroomsActive listingsMedian asking price
1965$479K
22,787$599K
31,926$889K
4+2,626$1.50M

Figures reflect current active MLS® listings and update as the market moves.

Buying a home in Toronto

In Ontario, most resale house offers go firm quickly in competitive markets, so line up financing and consider a pre-offer inspection. Your lawyer will search title, check for work orders and permits, and confirm the property's zoning.

Budget for Ontario's land transfer tax on top of the price; purchases in the City of Toronto also pay a separate municipal land transfer tax. First-time buyers may qualify for refunds on both.

Living in Toronto

Toronto is Canada's largest city, with 2,794,356 people at the 2021 census, on the northwestern shore of Lake Ontario. It is mostly flat land rising gently from the lake, cut by a network of wooded ravines along the Humber River in the west end, the Don River east of downtown and the Rouge River at the city's eastern edge. Those ravines are why so many Toronto neighbourhoods back onto green space.

The housing stock splits sharply by area: high-rise condominiums dominate downtown and the major transit corridors, while the older inner neighbourhoods are mostly semi-detached and detached houses, and the post-war suburbs of North York, Etobicoke and Scarborough add larger lots and bungalows.

Toronto neighbourhoods at a glance

Downtown condo living centres on Downtown Toronto, King West and Liberty Village. Just north, The Annex, Yorkville, Rosedale and Forest Hill are established, higher-priced residential areas, with Leaside and Lawrence Park further north.

East of the Don, Riverdale, Leslieville, the Danforth and The Beaches mix Victorian and Edwardian houses with main-street retail. In the west end, High Park, Roncesvalles, Bloor West Village and The Junction are popular with families, while The Kingsway, Mimico and Long Branch extend into Etobicoke. North York (Willowdale, Don Mills, Bayview Village) and Scarborough (Agincourt, Wexford, Guildwood) offer more space for the money.

Getting around

The TTC runs the subway, streetcar and bus network within the city, and GO Transit trains and buses connect Toronto with the surrounding region from Union Station. The UP Express links Union Station with Toronto Pearson International Airport.

Public education is delivered by four school boards: the Toronto District School Board, the Toronto Catholic District School Board, and the French-language Conseil scolaire Viamonde and Conseil scolaire catholique MonAvenir.

Buying in Toronto

Browse Toronto condos for sale, houses, townhomes or all Toronto homes for sale. Toronto buyers pay both Ontario's land transfer tax and the City's own municipal land transfer tax, with first-time-buyer refunds available on both, so budget for closing costs before you offer.

Common questions

Buying in Toronto

If yours isn't here, ask us directly — we'd rather answer it now.

What are the most popular neighbourhoods in Toronto?

It depends on what you're after. Downtown, King West and Liberty Village are the main condo areas; the Annex, Rosedale, Forest Hill, Leaside and Lawrence Park are established, higher-priced residential areas; Leslieville, Riverdale, the Beaches, High Park and Roncesvalles are popular with families; North York and Scarborough offer more space for the money.

Do you pay two land transfer taxes in Toronto?

Yes. Purchases in the City of Toronto pay Ontario's land transfer tax plus the City's municipal land transfer tax. First-time buyers may qualify for refunds on both.

Which school boards serve Toronto?

The Toronto District School Board, the Toronto Catholic District School Board, and two French-language boards, Conseil scolaire Viamonde and Conseil scolaire catholique MonAvenir.

How much does a home cost in Toronto?

The median asking price for homes currently for sale in Toronto is about $799,000, and most are listed between $449,000 and $2,498,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Toronto right now?

There are 8,495 active listings on this page's search, 1,156 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Toronto?

Median asking prices by bedroom count in Toronto right now — 1 bedroom: about $479,000; 2 bedrooms: about $599,000; 3 bedrooms: about $889,000; 4+ bedrooms: about $1,500,000. Based on 8,304 active listings.

What is the price per square foot for homes in Toronto?

The median asking price per square foot of living area is about $786 across homes currently listed in Toronto. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Toronto been on the market?

The typical active listing here first came on the market about 29 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Toronto?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Ready to see Toronto in person?

Tell us your timeline and budget and we'll line up viewings that actually fit.