Toronto Real Estate: Homes, Condos, Sold Prices and School Districts
Toronto is Canada's largest city and one of North America's most expensive real estate markets. Whether you are searching for a detached family home in North York, a condo near the financial district, or a school district property in Forest Hill, this guide covers price ranges, neighbourhoods, transit and how to search with RealMaster.
Toronto real estate market overview
Toronto's real estate market is large, diverse and highly segmented by property type and neighbourhood. After the steep corrections of 2022–2023 driven by rapid interest rate increases, the market stabilized through 2024 and saw renewed activity in 2025 as the Bank of Canada cut rates multiple times. Detached homes in desirable Toronto neighbourhoods remain among the most expensive in Canada; the condo market in particular saw elevated inventory and moderate price softness in 2024.
The Greater Toronto Area (GTA) includes the City of Toronto and surrounding municipalities: Mississauga, Brampton, Markham, Richmond Hill, Vaughan, Oakville, Burlington, Pickering, Ajax, Whitby and Oshawa. For many buyers priced out of central Toronto, GTA suburbs offer significantly more value while maintaining access to major employment hubs via GO Transit and Highway 401/407.
2024–2025 approximate price ranges by property type (City of Toronto)
- Detached house: $1.2M–$3.5M+ (wide range by neighbourhood and lot size)
- Semi-detached house: $900K–$2.2M
- Condo apartment: $550K–$1.4M (depending on size, floor and building)
- Condo townhouse: $700K–$1.4M
- Freehold townhouse: $900K–$1.8M
Prices vary substantially by neighbourhood. A semi-detached in Leslieville may transact at $1.1M while a similar-sized semi in Rosedale commands $2.5M+. Always consult recent sold comparables in your specific target area. Use RealMaster's sold history map to research actual transaction prices.
Key Toronto neighbourhoods and districts
Downtown Core & Midtown
Bay Street Corridor, King West, Liberty Village, Yonge-Eglinton corridor. Dominated by condo towers. Strong rental demand from young professionals. 2-bed condos: $700K–$1.1M. Close to TTC subway and Union Station GO hub.
North York
Willowdale, Bayview Village, Don Mills, Fairview. Mix of detached homes and high-rise condos. Excellent value relative to central Toronto. TDSB schools include Earl Haig Secondary (IB/TOPS program). Detached: $1.3M–$2.5M. Yonge-Sheppard and Sheppard Ave subway access.
Scarborough
Agincourt, Scarborough Village, Highland Creek. Most affordable detached housing within the city. Diverse community with strong Asian Canadian population. Good GO Transit and future LRT access. Detached: $900K–$1.5M. School boards: TDSB, TCDSB, TDSB Mandarin program schools.
Etobicoke
Bloor West Village, Runnymede, Islington, Mimico. Family-oriented neighbourhoods with detached homes. Good connectivity to downtown via Bloor-Danforth subway. Detached: $1.1M–$2.2M. Growing condo corridor along the waterfront in Mimico and Long Branch.
Forest Hill, Rosedale & Lawrence Park
Toronto's most prestigious residential enclaves. Top-ranked TDSB schools drive premium pricing. Detached homes: $2.5M–$8M+. Low turnover; properties often sold off-market. School catchments for Forest Hill, John Wanless and Whitney JPS among the most sought after in Canada.
Markham (adjacent to Toronto)
While not within the City of Toronto, Markham in York Region is closely connected economically and culturally. Home to a large Chinese Canadian community. Top YRDSB schools: Unionville HS, Pierre Elliott Trudeau HS, Milliken Mills HS. Detached homes: $1.2M–$2.3M — strong value relative to Toronto proper.
Toronto school districts
Toronto is served by four school boards: Toronto District School Board (TDSB, secular English), Toronto Catholic District School Board (TCDSB, Catholic English), Conseil scolaire Viamonde (French public) and Conseil scolaire catholique MonAvenir (French Catholic). Top-ranked elementary schools for TDSB include John Wanless Jr PS (Lawrence Park), Whitney Jr PS (Rosedale) and Forest Hill Jr PS. Top-ranked secondary schools include Forest Hill CI, Rosedale Heights School of the Arts, Northern Secondary and Marc Garneau CI.
School catchment boundaries significantly affect home prices. RealMaster's school district map overlay lets you draw catchment boundaries and filter listings inside a specific school zone in real time.
Toronto transit — subway and GO Transit
The TTC operates 4 subway lines covering central Toronto, North York and Scarborough. Key lines for buyers: Line 1 (Yonge-University) runs from Vaughan to Finch; Line 2 (Bloor-Danforth) covers the east-west spine. The Eglinton Crosstown LRT (under construction) will add major east-west surface rapid transit. GO Transit provides regional rail connections from Union Station to Mississauga, Brampton, Markham, Richmond Hill, Pickering, Ajax, Whitby and Hamilton.
Proximity to a subway station adds meaningful value. RealMaster's transit filter lets you set a maximum walking distance to any TTC or GO station and filters results accordingly.
Frequently asked questions
What is the average house price in Toronto in 2025?
The Toronto Regional Real Estate Board (TRREB) reported average home prices across all property types in the Greater Toronto Area around $1.1M–$1.15M in early 2025, down from the 2022 peak of ~$1.33M. The City of Toronto proper runs higher, particularly for detached homes. Condo prices have been softer due to elevated supply; detached prices remain firm in top school district neighbourhoods. Use RealMaster's sold data for specific neighbourhood comparables rather than relying on headline averages.
Is Toronto still a good real estate investment in 2025?
Toronto has a history of long-term price appreciation driven by population growth, immigration and limited land supply within desirable areas. Short-term conditions (2022–2024 correction, high condo inventory, rate sensitivity) have created a more nuanced picture. Detached homes in top school districts have held value better than the condo market. Investors should assess carrying costs carefully in the current rate environment. Consult a licensed REALTOR and financial advisor for investment-specific guidance.
How do I find homes in a specific school catchment in Toronto?
On RealMaster.com, activate the School Districts layer in the map filter panel. Search for the specific school by name and the map draws the catchment boundary. Apply your price, property type and bedroom filters and all matching active listings within the catchment appear on the map. You can save this as a search and receive alerts for new listings in that school zone.
What are the closing costs for buying a home in Toronto?
Toronto buyers pay both Ontario Land Transfer Tax and the Toronto Municipal Land Transfer Tax — combined they can reach $28,000–$35,000+ on a $1M purchase. Add legal fees ($1,500–$2,500), title insurance (~$300), home inspection ($400–$600) and CMHC premium if your down payment is under 20%. First-time buyers save up to $8,475 through combined LTT rebates. See our Closing Costs guide for full details.
Can I contact a licensed agent through RealMaster?
Yes. Email services@realmaster.ca or call 647-931-3331. RealMaster Technology Inc. is based in Markham and serves buyers, sellers and renters across the GTA. Services include buying representation, listing and marketing, assignment sales and new construction guidance.