Toronto real estate market — prices, rental yield and trend

• Average price: $8,012 / m²
• Gross rental yield: 4.76%
• 12-month price change (USD): -8.97%
• Net rental yield: 3.77%
• Transaction cost: 10.6%
• Price basis: local-market average

Residential property in Toronto averages $8,012 per square metre — -9% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 21st most expensive of the 236 markets in the set.

What a buyer pays in Toronto

The $8,012 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.6% of the price here. On a 100 m² apartment at the average price that is roughly $84,931 on top of the $801,240 purchase price. That is close to the 10.3% median across the set. Against the Canada national average of $4,585, Toronto carries a 74.8% premium — the gap between this market and the country as a whole. Among the other Canada markets we track, Montreal at $5,080 is 57.7% cheaper, and Vancouver at $8,220 is level with it.

What it earns

A square metre lets for about $31.8 a month. Against a purchase price of $8,012 per square metre that is 4.8% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 154th of 269 markets by gross yield. Rental income is taxed at 20.7–25% — the rate is not a single number here. That is the difference between 3.6% and 3.8% net on the same property. The 3.8% net figure we publish uses 20.7%.

How the tax works. 20.72% with the section 216 net-basis election: the 14% federal rate multiplied by the 48% non-resident surtax (ITA § 120(1)), with no personal credit (§ 216(1)(d)). Without the election the default Part XIII withholding of 25% on the gross rent applies, which is the upper end of the band. Both figures are flat across typical rent levels, which stay inside the first federal bracket. Source: laws-lois.justice.gc.ca.

Who can buy in Toronto

Foreign purchase banned until 2027. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Toronto is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Toronto be compared with a country average or another city.

Sources: Numbeo city page · numbeo.com · housepriceindex.ca. Snapshot: 2026-10-17.