Home of the Week, 8 Crown Park Rd., Toronto.Negin Javaherimilani/Dreamocean
This week, in the first of a new series, we take a look at the benchmark price of a home in the Toronto region, and the closest listings you can find in different neighbourhoods. Plus, a TD economist weighs in on the state of the housing market, and one property worth a look.
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The Price Point
What kind of house does $1.4-million get you in Toronto?
Listed at $3.685-million, 18 Astley Avenue is the closest to Toronto's benchmark price in its Rosedale neighbourhood.Pineway Media
Home prices are always a moving target, making it difficult for buyers and sellers to know their real worth. The various real estate boards in Canada’s major cities publish sales results each month that try to pinpoint the price at which a standard home in that area has sold. In our new series The Price Point, real estate reporter Shane Dingman will look at the benchmark home price of a different city every month.
For the first edition, he took a look at Toronto. The Toronto Regional Real Estate Board September, 2025 benchmark price for a detached house was $1,487,600 – down 5.8 per cent from a year ago. Toronto’s detached home price hasn’t been this low since April, 2021. Read more to find out what that benchmark price can get you in different parts of the city, and share your thoughts on which you think is the best deal.
Sharing the expense
Vancouver renters find a new home through co-ownership
The seven-suite apartment building at 795 Keefer St., Vancouver.Darren Sutherland/Darren Sutherland/Snowchimp Creative
An increasing number of Vancouver renters are using co-ownership, in which a group of people go in on title with a shared mortgage, as a more affordable pathway to home ownership. As Kerry Gold writes, a popular option is an equity co-op with shareholders who form a company and own a percentage of the property – an old style of ownership that was popular before condo corporations came along.
It’s generally more affordable than freehold ownership because financing is more restricted, and the buildings tend to be older, with fewer modern conveniences such as laundry machines in every suite. Read more as Kerry Gold talks with two renters in their early 30s who made the jump to co-ownership.
This week’s lowest fixed and variable mortgage rates in Canada
Rates shown are the lowest available for each term/type and category (insured versus uninsured) as of market close on Thursday, Oct. 23.
Done Deal
Fourth price cut for Calgary condo in a soft market clinches a deal
649 Marsh Rd., N.E., No. 316, CalgaryCIR Realty
This 1,120-square-foot, two-bedroom corner unit is part of a 27-year-old building a few blocks north of the Bow River and Reconciliation Bridge leading into Calgary’s downtown core. Agent Kamil Lalji initially listed the condo at an asking price of $399,900, knowing that figure could be reduced as an incentive to buyers this summer. As expected, the price was cut three times over 10 weeks, but still no offers came in. That changed when the price was cut to $359,900 after Labour Day and a bid of $340,000 was accepted. Here’s what the buyers got for that price.
Expert advice
TD economist Rishi Sondhi on what’s next for the Canadian housing market
An aerial view shows carpenters building a log home made from white pine in Salaberry-de-Valleyfield, Que., on Wednesday, Oct. 22, 2025.Christinne Muschi/The Canadian Press
The Canadian housing market is no longer simply following one story, as pockets of both strength and weakness appear across different regions. Next year may represent an inflection point, with underperforming markets strengthening and leading markets cooling. Investment reporter Jennifer Dowty spoke with TD economist Rishi Sondhi to discuss his outlook for Canada’s highly fragmented housing market, from how buyers will get back into Ontario’s condo market to 2026 mortgage renewals.
Home of the Week
Toronto Beaches home reanimates with luxury renovation
Home of the Week, 8 Crown Park Rd., Toronto.Negin Javaherimilani/Dreamocean
8 Crown Park Rd., Toronto – Full gallery here
Before owner David Poppleton bought 8 Crown Park in Toronto’s Beaches neighbourhood, the home was subdivided into six apartments, and much of its turn-of-the-century charm had been erased. After a complete transformation, the four-bedroom home now has more than 8,000 square feet of living space.
The house feels even larger thanks in part to the almost 10-foot-tall ceilings and an open floor plan on the half of the main level that covers the living room and kitchen. Wide-plank white-oak flooring fills most of the house. A huge free-standing fireplace in the living room defines that space from the large entertaining kitchen behind. A wide patio wraps around on the ground level with multiple exits to connect the inside to the landscape beyond, and the basement sets the stage for entertaining with a media room, a games room and a wall of glassed-in wine storage.
Guess the price
a. The asking price is $14,799,999.