Toronto Real Estate | Houses For Sale in Toronto

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Detached

47 Laurel Ave, Kennedy Park, Toronto, Ontario M1K3J4

ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE
2Bedroom(s)
1Bathroom(s)
25Picture(s)
Great First Time Buyer Home! Amazing Price - Condo Alternative! Detached Bungalow In Demand Area! 2 Bedrooms With Large Closets. Living Room And Both Bedrooms Feature 9.5 Foot Ceilings. Large Eat-In Kitchen With Walk-Out To Private Yard. Great Location, Walk To Ttc, Go Train, Schools Including R.H. King And Norman Cook Public School, Shopping. Short Drive To The 401. New Shingled Roof In 2021.
C$729,000

Detached

9 Linden Ave, Kennedy Park, Toronto, Ontario M1K 3H6

DAN PLOWMAN TEAM REALTY INC., BROKERAGE
3Bedroom(s)
1Bathroom(s)
1Picture(s)
**Offers Anytime** Opportunity Is Knocking At Your Door & You Don't Want To Miss It. Perfect Chance To Put Your Imagination & Creativity Work To Make A Home Your Own & The Hard Work Is Already Done! Custom Design To Your Taste Or Work W/ Current Open Building Permit.
C$740,000

Detached

14 Seneca Ave, Rockcliffe-Smythe, Toronto, Ontario M6N2G6

RE/MAX WEST EXPERTS, BROKERAGE
2+1Bedroom(s)
2Bathroom(s)
30Picture(s)
Attention All First Time Home Buyers, Builders, Contractors, And Investors. Great Opportunity To Build Your Dream Home Or To Renovate And Add Your Personal Touch. Detached 2 Bed 2 Bath Bungalow In High Demand Area Next To Public Transit, Schools, Shopping, The Stockyard Village And Just Mins To Hwy 401 & 400. Amazing Condo Alternative.
C$740,000

Detached

47 Sibley Ave, Crescent Town, Toronto, Ontario M4C5E8

RE/MAX EXCEL REALTY LTD., BROKERAGE
2+2Bedroom(s)
5Bathroom(s)
16Picture(s)
Rare Offer Detached East York Bungalow Perfect For First Time Buyer Investors, Downsizers & Those Who Prefer House Over Condo. Amazing Opportunity To Build Your Dream Home Or Live On The Main Floor & Rent Out The Basement. Access To Attic For Storage Separate Walkout As A Cozy 2 Bedrooms Apt On Of The Kind For Income Or In-Law Suites Large Backyard With Lane Access To Parking.
C$749,880

Detached

204 Winnett Ave, Oakwood Village, Toronto, Ontario M6C 3L9

ROYAL LEPAGE SUPREME REALTY, BROKERAGE
1+2Bedroom(s)
1Bathroom(s)
1Picture(s)
Here Is Your Chance To Build Your Custom Detached Dream Home! Great Builders Lot To Add Your Own Vision To A New Modern Home On This Beautiful Street Within Walking Distance To St. Clair West, Parks, Schools, Shops And Restaurants. Excellent Location In Toronto With Major Highways And Both The Oakwood Lrt Station And Eglinton West Subway Station Just Minutes Away.
C$749,900

Detached

45 Mcdonald Ave, Oakridge, Toronto, Ontario M1L3Y7

RIGHT AT HOME REALTY, BROKERAGE
1+2Bedroom(s)
2Bathroom(s)
30Picture(s)
This Cozy Oakridge Bungalow Is A Great Alternative To A Condo! Situated On A 138 Foot Private Lot On A Quiet Cul-De-Sac, This Home Offers A Unique Floor Plan With A Bright Primary Bedroom On The Main Level & Two Complementary Bedrooms On The Lower, Including An Ensuite Powder Rm.
C$750,000

Detached

29 North Woodrow Blvd, Clairlea-Birchmount, Toronto, Ontario M1K1W2

RE/MAX ALL-STARS REALTY INC., BROKERAGE
2+2Bedroom(s)
2Bathroom(s)
8Picture(s)
Opportunity For Investors, Builders, Handy People. This Bungalow Has Great Bones And Just Needs That Special Touch To Make It A Perfect Home. Sitting On A 25' X 140' Extra Deep Lot In Clairlea-Birchmount, Close Access To Ttc, Go Transit, Schools, Shopping And More.
C$775,000

Detached

41 Gaiety Dr, Woburn, Toronto, Ontario M1H1B9

HOMELIFE/FUTURE REALTY INC., BROKERAGE
3+2Bedroom(s)
2Bathroom(s)
19Picture(s)
Totally Renovated From Top To Bottom. 3+2 Bedroom With Separate Entrance And Huge Pie Shaped Land. Hardwood Throughout The Main. 10' Ceiling And 2 Steps To Bedrooms And Down To Kitchen With Granite Counter, Backsplash And Crown Moulding . All New Windows; Except Living, New Furnace, Air Condition, 100 Am Electrical On Brake And Pot Lights.
C$788,000

Detached

71 Mossbrook Cres, Steeles, Toronto, Ontario M1W2W8

RE/MAX HALLMARK JOY VERDE GROUP REALTY, BROKERAGE
3+1Bedroom(s)
4Bathroom(s)
4Picture(s)
Make Your Mark! Detached 3 Bed, 4 Bath In Coveted North Scarborough Enclave. Side Door Access To Potential Lower Level Inlaw Suite. Private Drive, Attached 1 Car Garage. 24 X 108- Pie Shaped Lot On Traffic Calm Crescent. Sought After School District, Excellent Proximity To Local Amenities. Bring Your Imagination.
C$789,900

Detached

2778 St Clair Ave, O\'Connor-Parkview, Toronto, Ontario M4B1M9

MODERN SOLUTION REALTY INC., BROKERAGE
2+1Bedroom(s)
2Bathroom(s)
39Picture(s)
Opportunity Knocks!!! Estate Sale!!! Livable Condition! Live The Way It Is! Good For First Time Home Buyers! Finished Basement With Separate Entrance With One Bedroom Will Bring Potential Extra Income! Great Opportunity To Rebuilt A Modern New Dream Home! Close To Schools, Shopping Centers, Parks.
C$799,000

Detached

23 Linden Ave, Kennedy Park, Toronto, Ontario M1K3H6

RE/MAX HALLMARK REALTY LTD., BROKERAGE
4+1Bedroom(s)
1Bathroom(s)
37Picture(s)
Calling All First Time Buyers And Contractors! This Starter Home With 4 Bedrooms Is Situated On A 27 X 109 Foot Lot With Future Potential To Build Your Dream Home Or Renovate. Located Close To Schools, Shopping, Ttc And Within Walking Distance To The Go Station. This Is A Great Up And Coming Area With Close Proximity To Downtown. Updates Include: Furnace And Roof.
C$799,000

Detached

11 Fletcherdon Cres, Black Creek, Toronto, Ontario M3N1S2

ROYAL LEPAGE MEADOWTOWNE REALTY, BROKERAGE
3+1Bedroom(s)
1Bathroom(s)
22Picture(s)
Great Opportunity, Excellent Value In Todays Market, Detached 3 Bedroom B/S On Oversized 50X120 Ft Lot With 1.5 Detached Garage. Fantastic Floor Plan, Plenty Of Natural Light, Family Size Kitchen With Eat In Area, B/I Kitchen Appliance's As Is, Upper Level 3 Bedrooms, Lower Level Has Good Size Laundry Rm, Huge Rec Rm With Paneled Walls. House Needs Some Tlc.
C$799,000
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Frequently Asked Questions

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Buying Real Estate in Toronto

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Toronto is the capital city of the Ontario province. This city is the most populous city in Canada, and the commercial and financial center. Toronto is Canada’s largest city and is considered as a world leader in areas like business, technology, finance, culture and entertainment. Toronto has a population of 6.9 million which has been estimated in 2022. It covers an area of 5,903 sq. km under the Greater Toronto area limits. This country has a large population and has accepted immigrants from all over the globe, which has also made Toronto one of the most multicultural cities in the world.

On Jan. 1, 1998, Toronto’s amalgamation took effect, which merged the six previous municipalities that made up Metro Toronto (Etobicoke, Scarborough, York, East York, North York, and the City of Toronto) into a new singular City of Toronto.

Toronto has a continental climate. The average temperature for January is in the low to mid-20s F (about –4.2 °C), and in the summer, the average July temperature is in the low 70s F (about 22.2 °C), which can also exceed 90 °F (32 °C) with 100 percent humidity.

Living in Toronto can be quite expensive, especially anywhere near downtown. Rents are among the highest in Canada, and other standard monthly expenses such as groceries, phone plans, and transit are not cheap either. We will dive into Toronto’s Real Estate Market and Conditions and draw a better picture of Toronto Real Estate for those who want to buy a house in Toronto.

When there’s talk about investing in Toronto real estate, you’re either in for it or go against it. There are the skeptics out there that like to hang onto the headlines that prophesy that Toronto’s real estate bubble is going to burst. On the other hand, you have everyday Toronto homeowners and the real estate investors that have made extraordinary equity gains just from choosing to buy property when they did. Investing in Toronto real estate is still quite profitable and with Toronto’s growing population, the demand for rentals remains stable. The Covid pandemic may have had its time and, quite frankly, lowered rental demand but that was temporary and we are already in the up-and-up situation. With college students attending school again and immigration expected to reach record-breaking levels, we expect stable but increasing demand for rentals in Toronto.

Both educational opportunities and immigration are causing a surplus of qualified residents to come to this city.

In 2019, the Huffington Post published that Toronto is the quickest growing city in the Canada and U.S with an increase of 77,435 new residents between July 2017 and July 2018. In 2021 Canada welcomed 401,000 new immigrants, has already landed over 70,000 just in the first quarter and plans to tie record immigration levels set in 1913.

When there’s talk about investing in Toronto real estate, you’re either in for it or go against it. There are the skeptics out there that like to hang onto the headlines that prophesy that Toronto’s real estate bubble is going to burst. On the other hand, you have everyday Toronto homeowners and the real estate investors that have made extraordinary equity gains just from choosing to buy property when they did. Investing in Toronto real estate is still quite profitable and with Toronto’s growing population, the demand for rentals remains stable. The Covid pandemic may have had its time and, quite frankly, lowered rental demand but that was temporary and we are already in the up-and-up situation. With college students attending school again and immigration expected to reach record-breaking levels, we expect stable but increasing demand for rentals in Toronto.

Both educational opportunities and immigration are causing a surplus of qualified residents to come to this city.

In 2019, the Huffington Post published that Toronto is the quickest growing city in the Canada and U.S with an increase of 77,435 new residents between July 2017 and July 2018. In 2021 Canada welcomed 401,000 new immigrants, has already landed over 70,000 just in the first quarter and plans to tie record immigration levels set in 1913.

When you decide to invest your money this question may arise, is investing in the Toronto real estate actually better than investing in the stock market? Well, the short answer is yes — Although, if you can afford it.

The real estate market in Toronto has shown time and time again to produce far better steady growth and be more stable than the stock market. Just ask yourself this, how much have your traditional investments made you over the past decade compared to your home?

When you buy a house in Toronto, you are investing in real estate — a tangible asset, not the shares of a company that might take a nose dive caused by a bad PR crisis. It’s a long-term investment as well; so even if the market takes a minor drop, it will continue to climb and increase in the long run.

When you get into the numbers of it all, investing in Toronto real estate has the potential to make you earn ten times the amount of traditional bonds and stocks because when you invest in real estate, you’re leveraging your money into a much bigger asset.

For example, if you buy $30,000 in stocks and the market goes up 10%, you have just made $3,000.

Although, if you put $30,000 down on a property that’s worth $300,000 and the market increases up to 10%, you’ve made $30,000.

When you want to buy a house in Toronto, you have three main options:

  1. Apartment Buildings – Managed and Owned by one company (against a bunch of individual owners), apartment buildings aren’t as numerous as you might think in downtown Toronto.  While there haven’t been very many new apartment buildings built in the past few decades, we have seen an increase in dedicated rental buildings under construction. There is still some high quality (although older) buildings that periodically have vacancies.
  2. Houses – With more and more people wanting to live downtown, many Toronto home-owners have converted a part of their home into an apartment. While many of these buildings are basement apartments, some houses have been converted into several apartments. The greatest advantage of renting a house is the opportunity to live in a residential neighborhood, which is often with private outdoor space and sometimes even parking!
  3. Condos – It’s quite easy to see that Toronto has a lot of condos, and many of them are owned by investors who rent them out. By renting a condo, you take advantage of some of the city’s best locations, and many of them have amenities like pools, gyms, concierge services and party rooms, and they’re normally close to TTC transit. If you decide to rent a condo, you’ll be renting directly from the suite owner, but you will be required to abide by the condominium’s rules.

The asking price of homes that are for sale in Toronto has increased 2% since May last year. The number of homes in Toronto which are for sale has gone down -6.36%.

Over half of the housing stock of Toronto consists of single detached homes and large apartment buildings, and the remaining dwellings are mainly small apartment buildings and townhouses. This city has a good selection of housing size options, ranging from lofts to four or more bedrooms. About 60% of the population of this city own their home and renters make up the remainder. Around one quarter of properties in this city were constructed between 1960 and 1980, while the majority of the remaining buildings were built pre-1960 and in the 1980s.

Toronto Real Estate ListingsJune 18, 2022

6207                                 Listed

29                                     Avg. DOM

N/A                                 Avg. $ / Sq.Ft.

$949,000                       Med. List Price

Housing Market Report for June 2022

Current Toronto stats indicate an average house price of $1,203,164 and 6,403 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 14 days.

  • Current (May 18 – Jun 15)
  • Past (Apr 20 – May 18)

$1.2M                     Avg sold price

2.9%                      Monthly change

2.3%                       Quarterly change

9%                         Yearly change

6,403                                                    new listings(last 28 days)

2,309                                                    homes sold 1(last 28 days)

14                                                         average days on market

103%                                                    selling to listing price ratio

13th                                                         Most expensive

13th                                                         Fastest Growing

5th                                                           Fastest Selling

10th                                                         Highest Turnover

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.