Quick answer: If you are buying a home in Toronto, expect an average price of $1,075,627 (the median was $835,000), based on October 2026 sales. At $835,000 you need a minimum down payment of $58,500 and $26,350 for land transfer tax. Buyers pay Toronto's municipal land transfer tax as well as Ontario's.
Toronto at a glance, October 2026
- Average sale price: $1,075,627
- Median sale price: $835,000
- Average condo apartment: $659,214
- Average detached house: $1,603,886
- Sale price to list price: 98%
- Days on market: 30 (final listing)
- Municipal land transfer tax: Yes — City of Toronto
- Region: City of Toronto
Buying a home in Toronto: where it is and who it suits
Toronto is Ontario's capital and Canada's largest city. The City of Toronto covers the former municipalities of Old Toronto, East York, York, North York, Scarborough and Etobicoke, and it is the only municipality in Ontario that charges its own land transfer tax on top of the provincial one.
The Toronto market in October 2026
| Measure | Toronto, October 2026 |
|---|---|
| Sales | 2,184 |
| New listings | 5,451 |
| Sales-to-new-listings ratio | 40.1% |
| Active listings at month end | 9,526 |
| Months of inventory (12-month trend) | 4.6 |
| Average sale price | $1,075,627 |
| Median sale price | $835,000 |
| Average sale price to list price | 98% |
| Average days on market (final listing / total) | 30 / 45 |
Toronto recorded 2,184 sales against 5,451 new listings, a sales-to-new-listings ratio of 40.1%. As a rule of thumb, a ratio below about 40% favours buyers, 40% to 60% is balanced and above 60% favours sellers, so Toronto was in balanced territory for the month. Homes sold for 98% of list price.
What it costs to buy in Toronto
| Example | Price | Minimum down payment | Land transfer tax | Land transfer tax, first-time buyer |
|---|---|---|---|---|
| Toronto median, all home types | $835,000 | $58,500 | $26,350 | $17,875 |
| Average condo apartment | $659,214 | $40,921 | $19,318 | $10,843 |
| Average detached house | $1,603,886 | $320,777 | $57,106 | $48,631 |
These are the two largest cash items. For the rest, see closing costs in Ontario; for the rules behind the numbers, minimum down payment and Toronto's municipal land transfer tax.
Types of homes in Toronto
Condo apartments dominate downtown, the waterfront, Yonge–Eglinton and North York Centre. Semi-detached and row houses are typical of the older east and west ends, such as Leslieville, Riverdale, the Junction and Roncesvalles. Detached homes on wider lots are concentrated in North York, Scarborough, Etobicoke and midtown pockets like Leaside and Lawrence Park.
| Home type | Sales | Average price |
|---|---|---|
| Detached | 741 | $1,603,886 |
| Condo apartment | 949 | $659,214 |
Transit and commuting
The TTC runs subway Lines 1, 2 and 4, Line 5 Eglinton (opened February 2026) and Line 6 Finch West (opened December 2025), plus streetcars and buses. GO Transit's rail lines meet at Union Station, and the UP Express links Union to Pearson Airport. The Ontario Line is under construction between Exhibition and the Science Centre area.
Toronto neighbourhoods at a glance
- Downtown core, King West and CityPlace — condos
- Leslieville and Riverside — semis and row houses
- The Junction, High Park and Roncesvalles — detached and semis
- Yonge–Eglinton and Midtown — condos plus detached
- The Beaches — detached and semis
- North York Centre and Willowdale — condos plus detached
- Danforth and East York — bungalows and semis
- Scarborough (Birch Cliff, Guildwood, Agincourt) — detached, towns and condos
Each one is described in where to buy in Toronto: a neighbourhood guide.
What buyers in Toronto should know
- Older houses need a careful inspection. Pre-war homes can still have knob-and-tube wiring, galvanized or lead water lines, and low basements. Budget for what an inspector finds, and ask your insurer about wiring before you firm up.
- Check the parking, not just the listing. Many older streets rely on permit street parking, a laneway garage or a licensed front pad. Confirm what is legal and transferable.
- Know what the lot allows. Toronto permits laneway suites, garden suites and multiplexes of up to four units on most residential lots, subject to zoning rules. That can change what a property is worth to you.
First purchase? Start with the Ontario first-time home buyer guide. Selling as well? See selling a home in Toronto.
Buying in Toronto: common questions
Do Etobicoke, Scarborough and North York count as Toronto for land transfer tax?
Yes. Etobicoke, Scarborough, North York, York and East York are all part of the City of Toronto, so buyers there pay Toronto's municipal land transfer tax as well as Ontario's. Mississauga, Vaughan, Markham and Pickering are separate municipalities and do not charge it.
What is the average house price in Toronto?
The average sale price in Toronto was $1,075,627 in October 2026 across all home types, and the median was $835,000, according to the Toronto Regional Real Estate Board. Condo apartments averaged $659,214 and detached houses $1,603,886.
How much is land transfer tax on a home in Toronto?
At the median price of $835,000, land transfer tax in Toronto is $26,350, which includes Toronto's municipal land transfer tax. An eligible first-time buyer would pay $17,875 after refunds.
How much down payment do I need to buy in Toronto?
The minimum is 5% of the first $500,000 plus 10% of the rest for homes under $1.5 million. At $835,000, the median price in Toronto in October 2026, that is $58,500.
Sources
- TRREB — Market Watch October 2026 (full report, PDF)
- Toronto Regional Real Estate Board (TRREB) — Market Watch, October 2026
- Government of Ontario — Land transfer tax
- City of Toronto — Municipal Land Transfer Tax (MLTT)
- Financial Consumer Agency of Canada — Down payment
Facts checked: November 14, 2026. Rules and figures change; confirm current details with the source, your lawyer, your mortgage professional or the Canada Revenue Agency before you act. This page is general information, not legal, tax or financial advice.