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.
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.
Here’s what the benchmark price might get you across the city. Scroll to the bottom to vote on which house you think is the best deal.
11 Artreeva Dr.
Asking price: $1,469,995
TRREB splits up Toronto into 36 sub-areas. The area with detached home prices closest to the city benchmark is Zone CO6, north of Highway 401 between Dufferin Street and Bathurst Avenue. Smack in the middle of that is 11 Artreeva Dr., a raised bungalow similar to many in the city built in the post-war housing boom. It sits on a 50- by 109-foot lot and has 1,300 square feet of living space with three bedrooms and one bathroom. The main floor has been recently renovated. The basement has been finished and adds two more bedrooms, a bathroom and a second kitchen that allows the floors to operate as separate living spaces.
“You get land in this area; you’re also very central and you can walk to the subway,” said listing agent Jordan Glaser with Re/Max Realtron Realty Inc. He describes the area as very affordable, though he points out that there are other houses nearby that are priced much lower. “In the ‘entry level’ of these bungalows, there are some smaller two-beds,” he said. “You also get bungalows I call ‘the originals’ where nothing has been done since the 50s and 60s.”
Detached home prices in the area, known as Bathurst Manor, are down almost 7 per cent from last year, and there were only eight transactions here in September. According to Mr. Glaser, those who are buying include new families and some of their downsizing parents who are moving from bigger houses in other parts of the region to stay close to the grandkids.
18 Astley Ave.
Asking price: $3.685-million
Toronto is home to some of the most expensive neighbourhoods in Canada, where finding a home at the citywide MLS benchmark is essentially impossible; in Rosedale-Moore Park (TRREB’s C09 zone), the detached benchmark is $3,687,200. There were also only eight transactions in this area in September, and many of the homes currently listed have asking prices of between $2-million and $17-million.
Is there anything in Rosedale that even approaches the TRREB benchmark? The five-bedroom house at 18 Astley Ave. is what in Rosedale would qualify as a starter home. It is listed for $3.685-million, and while it has no garage, it does have a pool, all the modern appliances and finishes and what could be a separate income suite in the basement. Recent renovations inside and out give it a contemporary vibe that’s more angular and spare than the 100-year-old structure’s original finishes, but it retains the same basic scale from 1925.
This is a good home for a young family, according to listing agent Farzad Ghazi, with Re/Max Realtron Barry Cohen Homes Inc. There might be larger homes available for less money in other areas of the city, but Mr. Ghazi says this enclave near the city’s bustling core (just north of Bloor Street next to the Don Valley) can’t be beat.
“A lot of people just want to live in Rosedale – the privacy and proximity to a lot of amenities you get, and the brand itself,” said Mr. Farzad. He said the sellers of this house aren’t giving up on the Rosedale brand. “In my case, the clients are not leaving Rosedale, they are just moving to a different home. They have been there for over ten years; they just love the neighbourhood.”
77 Morningview Trail
Asking price: $1,499,000
What about a house priced at the MLS Benchmark in an area that’s known for more affordable detached product? Priced at $1,499,000, this four-bedroom house at 77 Morningview Trail has more than 3,000 square feet of living space and another income suite in the basement with two more bedrooms. It’s also listed for about 50 per cent more money than other detached houses in the area.
Located on the north-eastern edge of the city in a small suburb that hugs the Toronto Zoo, this part of the former city of Scarborough is among the more affordable detached home communities in Toronto, benchmarked at $981,800. Far from the city’s bustling core, it’s an area known for bigger lots, though this particular lot is just under 40 feet wide and 130 feet deep.
“It is a little bit more pricey than what’s selling in the neighbourhood,” said Kari Ramjass, listing agent with Re/Max Ultimate Realty Inc. The sellers are looking for the right buyer. “This is where they raised their family, and they are a little picky about who buys it. They don’t want to sell it to an investor.” Located relatively close to university and college campuses, the area is attractive to some investors who subdivide homes for student rentals.
For this price, you get a fairly large house, but because it’s priced at a premium, it may take a while to sell. “If this were 2022, it would have been sold already,” said Ms. Ramjass. “There’s a house that’s been nicely done up on a street very close to them … it’s listed for $1.3-million and it’s been on the market quite a few times in the last year. That’s not selling.”
658 Davenport Rd.
Asking price: $1,428,800
Houses can sit for a while even when they are priced significantly lower than is usual in an expensive community, as listing agent Ryan Wykes of Real Broker Ontario Ltd. has discovered.
At $1,428,800, his listing on busy Davenport Road is priced more than $1-million under the benchmark price – $2,559,600 – for detached homes in the area, which includes Casa Loma and The Annex. Pricing in the midtown area has fallen 12.5 per cent from TRREB’s 2024 report. That has made buyers very picky, according to Mr. Wykes.
“The best homes – the perfect homes – in the right neighbourhoods, are still selling for record prices,” he said. “What I’m seeing with this listing, or others: As soon as there’s even one major drawback, people want a serious discount.”
The traffic on Davenport and the small backyard, thanks to a ravine wall that climbs up behind the home, are drawbacks. Otherwise, the home is competitive in terms of location and modernized interior finishes, with three bedrooms and more than 1,100 square feet of living space. Still, it has been on the market for more than five months at various prices.
“This was a tough one,” said Mr. Wykes. “Usually, I’m good at pricing. … I thought we would have sold at this price. We’re in the worst market we’ve seen in over 20 years, whether people want to believe it or not. And still the inventory’s piling on.”
801 – 270 Queens Quay Blvd. W.
Asking price: $599,900
Detached homes are generally more expensive than condos, though during the long run-up in prices that peaked in 2022, condos were gaining ground.
Back in September, 2022, the benchmark price for a Toronto condo was $761,100. In just three years, it has fallen more than 23 per cent to $579,900.
Listed for $599,900, this apartment, 801 – 270 Queens Quay Blvd. W., in the Harbourpoint III building, built in 1985, is located just south of the Rogers Centre on the lakefront. With a one-bedroom-plus-den layout over 825 square feet, it might be considered a good value when compared to some of the nearby newly-completed condos that once sold for much higher prices, for much less space.
“The majority of these new buildings or new supply never catered to the end-user,” said listing agent Chris Bibby, broker with Re/Max Hallmark Bibby Group Realty. “The people buying condos off of paper plans never had any intention of living in it,” he says. The investor mindset was “‘I’m just going to rent it out’
“It’s almost like every year the price per square foot went up and the functionality went down.”
In addition to the drop in condo resale prices, the number of sales is way down. In September, things ticked up a bit, with 1,437 sales across the Greater Toronto Region, up 7 per cent from the year before. But September sales have fallen 46 per cent compared to the 2,664 sold in the same month in 2021, a high-water mark. And condos are taking longer to sell, with days on market doubling from 20 days in Sept. 2021 to 39 in Sept. 2025.
“The last three and a half years have certainly been turbulent,” said Mr. Bibby. “We had a period in 2021, where I remember coming into the office and we launched three listings, and all three were sold by the end of the day.”
What city do you want to see in the next month's edition?
Each month in The Price Point, real estate reporter Shane Dingman will take a deeper look at a region in Canada and find out what the benchmark price gets you in various cities or neighbourhoods. Let us know which region you'd like to see in the next edition and it could be featured in a special reader section.