The quick answer
The average home price in Toronto is the total dollar value of all sales divided by the number of sales. The median is the middle sale when every price is lined up from lowest to highest. For the City of Toronto in September 2026, TRREB reported an average of $1,034,320 and a median of $810,000 across all home types. Neither number is the value of a particular home. Recent sales of similar homes nearby are the better guide.
The short answer
The average home price in Toronto is the total dollar value of every sale in a period divided by the number of sales. The median is the price of the sale in the middle once all sales are lined up from lowest to highest. The two almost never match so when you read a headline price it helps to know which one you are looking at.
All figures below come from the Toronto Regional Real Estate Board (TRREB) Market Watch for September 2026, released October 6, 2026. They cover firm sales entered into TRREB’s MLS system between the first and last day of that month. For the City of Toronto across all home types, TRREB reported 1,937 sales with an average price of $1,034,320 and a median price of $810,000.
That is a gap of $224,320 between two numbers that both describe the same 1,937 sales. The rest of this post explains where the gap comes from and how to use each number sensibly.
What do TRREB’s average price and median price actually measure?
TRREB’s report notes that sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into its MLS system during the month. The average is dollar volume divided by sales. For the City of Toronto in September 2026 that is $2,003,478,196 across 1,937 sales.
The median ignores how large each price is and only cares about position. Half of the sales were below $810,000 and half were above it. A sale at $900,000 and a sale at $9,000,000 count the same way for the median, since each simply sits on the upper side of the middle.
Both numbers describe sales that already closed. They are not asking prices and they are not an estimate of what any one home would sell for today.
Why are the average and median different?
The average is sensitive to extreme prices. One very expensive sale adds its full dollar amount to the total and pulls the average up. The median only moves if the middle position changes.
Here is a worked example. The numbers are made up for illustration and are not real sales.
| Illustrative sale prices | Average | Median |
|---|---|---|
| $600,000, $650,000, $700,000, $750,000 and $2,300,000 | $1,000,000 | $700,000 |
| The same list without the $2,300,000 sale | $675,000 | $675,000 |
The five prices add up to $5,000,000. Divided by five sales that gives an average of $1,000,000. The middle price in the list is $700,000, so that is the median. Take away the one large sale and the four remaining prices add up to $2,700,000. Divided by four that is $675,000. With an even number of sales the median is the midpoint of the two middle prices, $650,000 and $700,000, which is also $675,000.
One sale moved the average by $325,000 and the median by $25,000. Real markets work the same way on a larger scale. The average gets pulled upward by luxury sales while the median stays closer to a typical sale.
What do the figures look like by home type?
Averaging a $500,000 condo apartment with a $2,000,000 detached house gives a number that describes neither. TRREB reports figures by home type for that reason. The table below shows the City of Toronto for September 2026.
| Home type, City of Toronto, September 2026 | Sales | Average | Median | Average minus median |
|---|---|---|---|---|
| Detached | 640 | $1,562,966 | $1,200,000 | $362,966 |
| Semi-detached | 211 | $1,207,884 | $1,091,000 | $116,884 |
| Condo apartment | 884 | $640,248 | $535,000 | $105,248 |
| All home types | 1,937 | $1,034,320 | $810,000 | $224,320 |
The all home types line sits between the house and condo lines because it blends them. Condo apartments were 884 of the 1,937 City of Toronto sales that month, which is about 46 per cent. Detached homes were 640 sales. If you own or want a house the all home types median of $810,000 is not your reference point. The detached median of $1,200,000 is closer. A local comparison is closer still.
The gap is also wider for detached homes than for condo apartments. Detached prices spread over a wider range, so a few large sales have more room to pull the average away from the middle.
For ongoing figures by type and community, see our page on Toronto house prices. That page shows the month it was last refreshed, which may differ from the September 2026 figures used here.
Why do the numbers change between areas?
TRREB’s report separates the City of Toronto into three groups of districts. Central covers the C districts, East the E districts and West the W districts. The City of Toronto is also one line within the larger TRREB area, which includes Halton, Peel, York and other regions. Here is the same month at each level for all home types.
| Area, all home types, September 2026 | Sales | Average | Median |
|---|---|---|---|
| All TRREB areas | 5,040 | $1,006,409 | $860,000 |
| City of Toronto | 1,937 | $1,034,320 | $810,000 |
| Toronto West | 532 | $985,920 | $830,000 |
| Toronto Central | 924 | $1,102,955 | $721,000 |
| Toronto East | 481 | $956,004 | $880,000 |
Notice that the City of Toronto has a higher average than all TRREB areas but a lower median. Toronto Central explains much of that. It had the most sales of the three groups and the largest gap between its average and its median, $381,955. Condo apartments made up 593 of its 924 sales, which keeps the median low while expensive house sales lift the average. Toronto East had the smallest gap at $76,004.
Individual districts can look even more lopsided. In district C09 TRREB recorded 21 sales with an average of $2,728,952 and a median of $895,000. In district C08 there were 146 sales with an average of $646,347 and a median of $562,500. A district with few sales can swing a lot on one or two transactions. A guide to a specific neighbourhood, such as Leaside, is a better starting point than a broad area figure.
Pay attention to the area every time. TRREB’s headline average of $1,006,409 for September 2026 is for all TRREB areas, not the City of Toronto. When a news story or website says “Toronto” it may mean the city or the wider region.
What is each number good for?
The average and the median answer different questions, so neither is wrong.
- Average price: tracks the total dollars changing hands. It is useful for seeing the overall size of the market and it moves when more expensive homes sell.
- Median price: describes a typical sale better. It is steadier when a few luxury sales land in the same month.
- Neither: a valuation. Both mix home types and areas and both describe the sales that happened to close in one month.
The mix of sales matters as much as the price level. When more condo apartments sell in one month the all home types median can drop even though no individual home became cheaper. This is why TRREB reports figures by home type. Compare like with like. A detached median this month belongs next to a detached median from the same area in another month instead of next to a condo figure.
What should you compare for a specific home?
If you are buying or selling one home, recent sales of similar homes nearby are the useful comparison. A short checklist helps:
- Pick the same home type, such as detached or condo apartment.
- Stay in the same neighbourhood or a tightly matched one.
- Use recent sales that closed and not asking prices.
- Match size, lot or unit layout, age and condition as closely as you can.
- Note how long each home took to sell and how the sale price compared with the list price.
TRREB’s September 2026 report includes the average sale price as a share of the average list price for the City of Toronto, at 99 per cent. That is another city wide figure, so treat it as context and not as a prediction for any home.
An agent can pull a comparative market analysis for your street or building. If you are weighing whether to buy, our buyers page explains how we work. If you are thinking of selling, the sellers page does the same and our home valuation page is the place to start for your own address. Confirm your own situation with a lawyer, accountant or mortgage professional where money decisions are involved.
Questions to ask when you see a price headline
- Is it an average or a median?
- Which area does it cover: the City of Toronto, a district or all TRREB areas?
- Which home types does it include?
- Which month or period does it cover?
- How many sales sit behind it?
When you cannot answer one of these, hold the number loosely. For current monthly figures, the market reports section collects the data we publish.
If you would like help finding recent sales for a specific home or street, contact us.
Common questions
What was the average home price in Toronto in September 2026?
TRREB reported an average price of $1,034,320 for the City of Toronto across all home types in September 2026, from 1,937 sales. For all TRREB areas combined the average was $1,006,409.
What was the median home price in Toronto in September 2026?
TRREB reported a median price of $810,000 for the City of Toronto across all home types in September 2026. The median for all TRREB areas combined was $860,000.
Why is the average price higher than the median?
A small number of very expensive sales raise the average but barely move the median. In September 2026 the City of Toronto average was $224,320 above the median.
Which is better for judging what my home is worth, the average or the median?
Neither one describes a single home. Both blend houses and condos and many different areas, so recent sales of similar homes nearby tell you more.
Does the Toronto average price include the whole GTA?
It depends on the figure. TRREB's headline average covers all TRREB areas, while the City of Toronto has its own line in the same report. Check which area a number refers to before you compare it with another.
Keep exploring
- First-Time Buyers Two land transfer taxes, two rebates and a budget that holds up at closing.
- Downsizing A long held Toronto house, a smaller home next and two closings that have to meet.
- Toronto house prices TRREB figures for the city by property type and community.
- Toronto sold prices Look up what homes sold for with a free account.
Sources
Figures and rules were checked against these sources on the date this post was published or last updated.
Not advice. This post is general information only. It is not legal, tax, mortgage or investment advice. Rules and figures change, so confirm the details for your own situation with a qualified professional before acting.
Market data. Any prices quoted are general information for the period stated. They are not an appraisal or an opinion of value for any specific property.