In brief
Across Ontario, the average price of closed sales is $791,691 in September 2026 (−4.3% year over year) and the composite MLS® HPI benchmark price is $736,300 (−3.9%), according to CREA; with 13,340 sales (−8.3%) and 5.4 months of inventory, the provincial market is balanced. City by city, the reference price ranges from $395,000 (Thunder Bay) to $1,160,000 (Richmond Hill). Sources: TRREB, OREB and local boards · CREA, dated figures per city below.
Are house prices falling in Ontario?
Yes, in most markets: 18 of the 19 markets with a published annual change are down year over year, against 1 up. In the main markets: Toronto −3.73%, Ottawa −0.3%. Each change compares the latest month published with the same month a year earlier, on the same indicator as the price shown (MLS® benchmark, median or average).
Sharpest declines: Brantford (-7.7 %), Richmond Hill (-6.97 %), Markham (-6.42 %). Strongest gains: Kingston (+0.5 %). The row-by-row detail is in the table below.
What is the average house price in Ontario?
The average sale price is $979,684 in Toronto (August 2026) and $685,640 in Ottawa (September 2026), according to the local real estate boards.
Ontario housing market prices: what is the latest month published?
The most recent figures are for October 2026; of 19 markets with a published annual change, 1 are up and 18 down year over year (Toronto −3.73%, Ottawa −0.3%). Boards do not all publish the same month: every row of the table carries its own period.
For the price of a specific property, a local professional reads these figures for you: real estate broker in Toronto, appraiser in Toronto, real estate broker in Ottawa and appraiser in Ottawa.
Ontario home prices by city (October 2026)
The table shows the headline value published for each market: the composite MLS® HPI benchmark where the board publishes one, otherwise the median, otherwise the average — the type is flagged on every row, and the annual change refers to that same indicator. Every row also states its reference period. Ranked from most to least expensive.
| City | Data scope | Reference price | Indicator | 1-year change | Period |
|---|---|---|---|---|---|
| Richmond Hill | City of Richmond Hill (York Region) | $1,160,000 | HPI | -6.97 % | August 2026 |
| Vaughan | City of Vaughan (York Region) | $1,124,400 | HPI | -4.99 % | August 2026 |
| Markham | City of Markham (York Region) | $1,055,300 | HPI | -6.42 % | August 2026 |
| Oakville | Territoire OMDREB au complet (Oakville + Milton + Halton Hills) — aucun agrégat « Town of Oakville » publié par CREA | $1,044,000 | HPI | -5.7 % | August 2026 |
| Toronto | Ville de Toronto | $918,400 | HPI | -3.73 % | August 2026 |
| Mississauga | Ville de Mississauga | $874,400 | HPI | -4.65 % | August 2026 |
| Burlington | City of Burlington — ligne municipale du Market Watch TRREB (Halton) | $849,900 | HPI | -0.8 % | August 2026 |
| Brampton | Ville de Brampton | $834,800 | HPI | -5.8 % | August 2026 |
| Hamilton | Territoire de Cornerstone (Hamilton–Burlington–Haldimand–Niagara Nord) — aucun chiffre publié pour la ville seule | $728,900 | HPI | -2.4 % | October 2026 |
| Barrie | Ville de Barrie — colonne dédiée de l'infographie « Simcoe County Market Stats » de la BDAR (distincte d'Innisfil et d'Orillia) ; données MLS® TRREB. | $706,668 | average | -4.1 % | September 2025 |
| Oshawa | City of Oshawa (Durham Region) | $705,200 | HPI | -5.8 % | August 2026 |
| Waterloo | Agrégat Kitchener–Waterloo (Cornerstone ne publie aucun chiffre propre à la ville de Waterloo) | $630,200 | HPI | -5.6 % | September 2026 |
| Kitchener | Ville de Kitchener (« Market Quick Glance » Cornerstone); HPI = agrégat Kitchener–Waterloo | $628,300 | HPI | -6 % | September 2026 |
| Ottawa | Region de la chambre OREB (National Capital Region) | $623,500 | HPI | -0.3 % | September 2026 |
| Brantford | Territoire de la BRREA (Brantford Regional Real Estate Association) — Brantford et comté de Brant | $610,000 | HPI | -7.7 % | September 2026 |
| Windsor | Windsor-Essex | $570,000 | HPI | -2.4 % | September 2026 |
| Kingston | Ensemble de la juridiction de la chambre (MLS® System of the Kingston and Area Real Estate Association) — pas uniquement la ville de Kingston ; aucune ventilation municipale publiée. | $542,800 | HPI | +0.5 % | September 2026 |
| London | Juridiction LSTAR (London–St. Thomas) — aucun agrégat « City of London » publié | $538,000 | HPI | — | October 2026 |
| St. Catharines | Ville de St. Catharines — ligne « St. Catharines » du tableau par juridiction du Stats Package mensuel de la NAR (la chambre couvre toute la région de Niagara). | $528,500 | HPI | — | July 2026 |
| Greater Sudbury | Grand Sudbury | $498,000 | HPI | -1.2 % | September 2026 |
| Thunder Bay | Ville de Thunder Bay | $395,000 | median | -1.3 % | September 2026 |
"HPI" = MLS® benchmark price (typical home, CREA method); "median"/"average" = closed-sale prices. The year-over-year change is the one published by the source for the same indicator; "—" = not published. Full detail (inventory, days on market, exact links) is on each city's page.
Average, median or MLS® benchmark price: what does each figure measure?
The average price is the total of the month's sale prices divided by the number of sales. It is exact, but it moves with the mix of sales: a month with more large homes sold pushes it up without any property gaining value.
The median price is the midpoint of closed sales: half of transactions close above it, half below. A few very expensive sales move it far less than the average.
The MLS® benchmark price (composite HPI) is computed by CREA from sales: it is the price of a "typical" property whose characteristics stay the same from month to month, across all categories (houses, townhouses, apartments). It is not the price of any actual sale, but it is the most accurate indicator of whether prices are rising or falling. A real example — Toronto, August 2026: benchmark price $918,400, average price $979,684 — a gap of $61,284 (6.7%) between two exact figures that do not measure the same thing.
In practice: compare one city with another on the same indicator (the table's "indicator" column says which), and read the year-over-year change rather than the month-to-month move, which follows the season.
How to read these figures
The gap between markets is the dominant fact. Between Richmond Hill ($1,160,000) and Thunder Bay ($395,000), the reference price varies enormously within a single province — comparing your city to the provincial average is often misleading.
The one-year trend. Of the 19 markets with a published annual change, 1 are up and 18 down. Leading the gains: Kingston (+0.5 %). Sharpest declines: Brantford (-7.7 %), Richmond Hill (-6.97 %), Markham (-6.42 %).
A reference price is not a guaranteed price. The HPI tracks a "typical home"; the median is the midpoint of closed sales. Neither tells you what a specific property is worth — for that, there is the verified appraiser and broker for your sector. And every year the purchase price carries a property tax whose rate varies widely from one city to the next: see the real property tax rate, city by city.
The provincial picture
Province-wide, CREA put Ontario's average price at $791,691 in September 2026 (−4.3% year over year) and the composite benchmark at $736,300 (−3.9%); by type, the benchmark is $814,900 for a single-family home (−3.8%), $581,400 for a townhouse (−6%) and $484,900 for an apartment (−6.2%). The month's 13,340 sales are down 8.3% year over year and inventory stands at 5.4 months (5.2 a year earlier): a balanced market. For comparison, the Canadian average price was $666,538 (−1.6%) the same month.
In the Toronto region, TRREB reported for September 2026 (release of October 6, 2026) 5,040 sales (−9% year over year), an average price of $1,006,409 (−5.1%) and a composite MLS® HPI benchmark down 4.7% year over year; seasonally adjusted, both the benchmark and the average price also edged lower from August. Provincial and TRREB figures checked at the source on November 4, 2026.
Borrowing costs remain the main driver: see our policy-rate dossier for current rates and the Bank of Canada's decision calendar.
Methodology and sources
Where the figures come from. Every value comes from statistics published by the real estate boards (TRREB, OREB and local boards · CREA). Where a published figure is regional rather than municipal, the "scope" column says so explicitly, row by row.
Every figure carries its date. Boards publish at different paces: the "period" column gives the exact month or quarter of each figure. This table is regenerated on every update of our market data (last generated: November 4, 2026) — the same source feeds our city pages and our open market-data feed.
Our rule: no invented data. When a source does not publish a value, the cell shows "—" rather than an estimate. No figure on this page is computed, extrapolated or "adjusted" by Payotte.
Frequently asked questions
What is the price of a house in Ontario?
Across Ontario, the average price of closed sales is $791,691 in September 2026 (−4.3% year over year) and the composite MLS® HPI benchmark price is $736,300 (−3.9%), according to CREA; with 13,340 sales (−8.3%) and 5.4 months of inventory, the provincial market is balanced. City by city, the reference price ranges from $395,000 (Thunder Bay) to $1,160,000 (Richmond Hill). Sources: TRREB, OREB and local boards · CREA, dated figures per city below.
What is the average house price in Ontario?
The average sale price is $979,684 in Toronto (August 2026) and $685,640 in Ottawa (September 2026), according to the local real estate boards.
Ontario housing market prices: what is the latest month published?
The most recent figures are for October 2026; of 19 markets with a published annual change, 1 are up and 18 down year over year (Toronto −3.73%, Ottawa −0.3%). Boards do not all publish the same month: every row of the table carries its own period.
What is the cheapest city in Ontario to buy in?
Among the 21 markets Payotte tracks, the lowest reference price is Thunder Bay at $395,000 (median, September 2026). At the other end, the highest is Richmond Hill at $1,160,000 (HPI).
Are Ontario home prices rising or falling in 2026?
Yes, in most markets: 18 of the 19 markets with a published annual change are down year over year, against 1 up. Leading the published gains: Kingston (+0.5 %). Sharpest declines: Brantford (-7.7 %), Richmond Hill (-6.97 %), Markham (-6.42 %).
Where do these figures come from?
From official real estate board statistics (TRREB, OREB and local boards · CREA), for the period shown on each row. Payotte compiles and dates; no value is estimated or extrapolated. Full detail and source links are on each city page.
The figure, city by city
The percentage above applied to each city’s actual reference price. 42 cities — the calculation is published on every page.
- Real Estate Broker — BarrieOn Barrie's reference price ($706,668), a 4.32% commission comes to roughly $30,528, plus tax.
- Real Estate Lawyer — BarrieOn Barrie's reference price ($706,668), land transfer tax comes to roughly $10,608.
- Real Estate Broker — BramptonOn Brampton's reference price ($834,800), a 4.32% commission comes to roughly $36,063, plus tax.
- Real Estate Lawyer — BramptonOn Brampton's reference price ($834,800), land transfer tax comes to roughly $13,171.
- Real Estate Broker — BrantfordOn Brantford's reference price ($610,000), a 4.32% commission comes to roughly $26,352, plus tax.
- Real Estate Lawyer — BrantfordOn Brantford's reference price ($610,000), land transfer tax comes to roughly $8,675.
- Real Estate Broker — BurlingtonOn Burlington's reference price ($849,900), a 4.32% commission comes to roughly $36,716, plus tax.
- Real Estate Lawyer — BurlingtonOn Burlington's reference price ($849,900), land transfer tax comes to roughly $13,473.
- Real Estate Broker — Greater SudburyOn Greater Sudbury's reference price ($498,000), a 4.32% commission comes to roughly $21,514, plus tax.
- Real Estate Lawyer — Greater SudburyOn Greater Sudbury's reference price ($498,000), land transfer tax comes to roughly $6,435.
- Real Estate Broker — HamiltonOn Hamilton's reference price ($728,900), a 4.32% commission comes to roughly $31,488, plus tax.
- Real Estate Lawyer — HamiltonOn Hamilton's reference price ($728,900), land transfer tax comes to roughly $11,053.
- Real Estate Broker — KingstonOn Kingston's reference price ($542,800), a 4.32% commission comes to roughly $23,449, plus tax.
- Real Estate Lawyer — KingstonOn Kingston's reference price ($542,800), land transfer tax comes to roughly $7,331.
- Real Estate Broker — KitchenerOn Kitchener's reference price ($628,300), a 4.32% commission comes to roughly $27,143, plus tax.
- Real Estate Lawyer — KitchenerOn Kitchener's reference price ($628,300), land transfer tax comes to roughly $9,041.
- Real Estate Broker — LondonOn London's reference price ($538,000), a 4.32% commission comes to roughly $23,242, plus tax.
- Real Estate Lawyer — LondonOn London's reference price ($538,000), land transfer tax comes to roughly $7,235.
- Real Estate Broker — MarkhamOn Markham's reference price ($1,055,300), a 4.32% commission comes to roughly $45,589, plus tax.
- Real Estate Lawyer — MarkhamOn Markham's reference price ($1,055,300), land transfer tax comes to roughly $17,581.
- Real Estate Broker — MississaugaOn Mississauga's reference price ($874,400), a 4.32% commission comes to roughly $37,774, plus tax.
- Real Estate Lawyer — MississaugaOn Mississauga's reference price ($874,400), land transfer tax comes to roughly $13,963.
- Real Estate Broker — OakvilleOn Oakville's reference price ($1,044,000), a 4.32% commission comes to roughly $45,101, plus tax.
- Real Estate Lawyer — OakvilleOn Oakville's reference price ($1,044,000), land transfer tax comes to roughly $17,355.
- Real Estate Broker — OshawaOn Oshawa's reference price ($705,200), a 4.32% commission comes to roughly $30,465, plus tax.
- Real Estate Lawyer — OshawaOn Oshawa's reference price ($705,200), land transfer tax comes to roughly $10,579.
- Real Estate Broker — OttawaOn Ottawa's reference price ($623,500), a 4.32% commission comes to roughly $26,935, plus tax.
- Real Estate Lawyer — OttawaOn Ottawa's reference price ($623,500), land transfer tax comes to roughly $8,945.
- Real Estate Broker — Richmond HillOn Richmond Hill's reference price ($1,160,000), a 4.32% commission comes to roughly $50,112, plus tax.
- Real Estate Lawyer — Richmond HillOn Richmond Hill's reference price ($1,160,000), land transfer tax comes to roughly $19,675.
- Real Estate Broker — St. CatharinesOn St. Catharines's reference price ($528,500), a 4.32% commission comes to roughly $22,831, plus tax.
- Real Estate Lawyer — St. CatharinesOn St. Catharines's reference price ($528,500), land transfer tax comes to roughly $7,045.
- Real Estate Broker — Thunder BayOn Thunder Bay's reference price ($395,000), a 4.32% commission comes to roughly $17,064, plus tax.
- Real Estate Lawyer — Thunder BayOn Thunder Bay's reference price ($395,000), land transfer tax comes to roughly $4,400.
- Real Estate Broker — TorontoOn Toronto's reference price ($918,400), a 4.32% commission comes to roughly $39,675, plus tax.
- Real Estate Lawyer — TorontoOn Toronto's reference price ($918,400), land transfer tax comes to roughly $29,686 — provincial AND municipal, since Toronto charges it twice.
- Real Estate Broker — VaughanOn Vaughan's reference price ($1,124,400), a 4.32% commission comes to roughly $48,574, plus tax.
- Real Estate Lawyer — VaughanOn Vaughan's reference price ($1,124,400), land transfer tax comes to roughly $18,963.
- Real Estate Broker — WaterlooOn Waterloo's reference price ($630,200), a 4.32% commission comes to roughly $27,225, plus tax.
- Real Estate Lawyer — WaterlooOn Waterloo's reference price ($630,200), land transfer tax comes to roughly $9,079.
- Real Estate Broker — WindsorOn Windsor's reference price ($570,000), a 4.32% commission comes to roughly $24,624, plus tax.
- Real Estate Lawyer — WindsorOn Windsor's reference price ($570,000), land transfer tax comes to roughly $7,875.
Related reading — our data dossiers
- Short-term rental rules
- Joint tenancy vs tenancy in common
- Credit score to buy a house
- Home inspection checklist
- Rent increase 2026 (Ontario, Quebec)
- Mortgage rates in Canada today
- Canada policy rate
- 2026-2027 forecasts: will prices drop?
- What income do you need to buy?
- Average rent by city (CMHC)
- Quebec real estate prices
- Alberta real estate prices
- British Columbia real estate prices
- Saskatchewan real estate prices
- Manitoba real estate prices
- Nova Scotia real estate prices
- New Brunswick real estate prices
- Rent or buy? The monthly gap by city
- How long to sell? City by city
- Land transfer tax, city by city
- 25 vs 30-year amortization: the real cost
- Real estate commission: the real numbers
- Sell with an agent or sell yourself?
- Quebec notary fees
- GST/HST on a new home, by province
- Title insurance: cost and coverage
- How much does a home appraisal cost?
- Condo status certificate: price by province
- Mortgage discharge fees
- Cancelling an accepted offer: the deadlines by province
- New home warranty, province by province
- Foreign buyers: the ban and the taxes
- Who owns that property? The title search
- Surveys and the certificat de localisation
- Real-estate market statistics
- Notary or lawyer? Province by province
- Lawyer and notary fees, by province
- Inspection vs appraisal: the difference
- Who pays what: buyer vs seller
- Mortgage pre-approval, without the myths
Buying or selling in one of these cities?
Payotte publishes a single verified expert per sector and profession — broker, mortgage broker, inspector, lawyer, appraiser — selected on public data, never on payment.
See verified experts — Ontario