Toronto, Canada
Property prices · 2026 · Americas · Price +2.9% vs 2025
Property price trend in Toronto (2024–2026)
Property comparison — cities in Canada (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Toronto |
|---|---|---|---|---|
| Toronto | CAD 13,375 | CAD 8,774 | CAD 2,675 | — |
| Vancouver | CAD 15,515 | CAD 10,165 | CAD 2,996 | +16% |
| Montreal | CAD 7,276 | CAD 4,815 | CAD 1,926 | -45.6% |
| Ottawa | CAD 6,165 | CAD 4,039 | CAD 1,913 | -53.9% |
| Calgary | CAD 5,528 | CAD 3,614 | CAD 2,020 | -58.7% |
| Edmonton | CAD 4,039 | CAD 2,658 | CAD 1,488 | -69.8% |
| Quebec City | CAD 3,720 | CAD 2,445 | CAD 1,169 | -72.2% |
Other Americas cities (2026)
Frequently asked questions
How much does property cost in Toronto in 2026?
In Toronto, the average price per sqm in the city centre is CAD 13,375, and CAD 8,774 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Toronto in 2026?
A 1-bedroom apartment in Toronto rents for approximately CAD 2,675 per month in 2026. A 3-bedroom apartment costs around CAD 4,815/month.
Is it better to buy or rent in Toronto?
Renting is generally more cost-effective in Toronto. The price-to-rent ratio is 24.0x — it would take approximately 24.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.80%.
What are mortgage rates in Canada in 2026?
The average mortgage rate in Canada is approximately 5.80% as of 2026. With a price-to-rent ratio of 24.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Toronto changed?
Property prices in Toronto have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Toronto?
The average property price per square metre in Toronto city centre is CAD 13,375 in 2026. Outside the centre, expect to pay around CAD 8,774/sqm.