Housing in Toronto
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Toronto, Ontario
Toronto's housing market is characterized by high demand and elevated prices, making it a significant factor in the city's cost of living. As of April 2026, the average selling price of a home in the Greater Toronto Area (GTA) was approximately $1,051,969 CAD, with condo apartments averaging $635,653 CAD. The average price per square foot for a condo in the resale market was around $534 USD in Q1 2026.
Rental costs are also substantial, with the median rent for a one-bedroom apartment in Toronto at $2,097 USD and a two-bedroom at $2,700 USD as of May 2026. While the market has seen some moderation and a slight decline in asking rents year-over-year, affordability remains a key concern for both renters and prospective buyers. The sales-to-new-listings ratio in April 2026 indicated a buyer's market, suggesting some negotiating power for purchasers amidst high inventory levels.
Housing
About Toronto, Ontario
Toronto, the capital of Ontario, stands as Canada's largest city and a prominent global hub, renowned for its multiculturalism and dynamic urban landscape. Situated on the northwestern shore of Lake Ontario, the city boasts a rich history dating back to its founding in 1793 as the Town of York. Today, it is a magnet for individuals and families seeking diverse economic opportunities, world-class education, and a vibrant cultural scene. Its continuous growth is driven by both domestic and international migration, contributing to its reputation as one of North America's fastest-expanding metropolitan areas.
Toronto's character is defined by its distinct neighborhoods, each offering a unique charm and community feel. The city seamlessly blends towering skyscrapers with expansive green spaces, providing residents with a balance of urban excitement and natural tranquility. People are drawn to Toronto for its high standard of living, wide access to public services, and a welcoming environment for immigrants, fostering a truly global community.