Toronto, Canada
Property prices · 2024 · Americas
Property price trend in Toronto (2024–2026)
Property comparison — cities in Canada (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Toronto |
|---|---|---|---|---|
| Toronto | CAD 12,500 | CAD 8,200 | CAD 2,500 | — |
| Vancouver | CAD 14,500 | CAD 9,500 | CAD 2,800 | +16% |
| Montreal | CAD 6,800 | CAD 4,500 | CAD 1,800 | -45.6% |
| Ottawa | CAD 5,800 | CAD 3,800 | CAD 1,800 | -53.6% |
| Calgary | CAD 5,200 | CAD 3,400 | CAD 1,900 | -58.4% |
| Edmonton | CAD 3,800 | CAD 2,500 | CAD 1,400 | -69.6% |
| Quebec City | CAD 3,500 | CAD 2,300 | CAD 1,100 | -72% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Toronto in 2024?
In Toronto, the average price per sqm in the city centre is CAD 12,500, and CAD 8,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Toronto in 2024?
A 1-bedroom apartment in Toronto rents for approximately CAD 2,500 per month in 2024. A 3-bedroom apartment costs around CAD 4,500/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 2024?
The average mortgage rate in Canada is approximately 5.80% as of 2024. With a price-to-rent ratio of 24.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Toronto?
The average property price per square metre in Toronto city centre is CAD 12,500 in 2024. Outside the centre, expect to pay around CAD 8,200/sqm.