In brief
In Ontario, the provincial average price stands at $839,112 in April 2026 (−1.8% year over year) and the HPI benchmark at $752,400 (CREA), in a balanced market (4.5 months of inventory). City by city, the reference price ranges from $439,500 (Thunder Bay) to $1,163,100 (Oakville). Sources: TRREB, OREB and local boards · CREA, dated figures per city below.
The reference price in 16 Ontario cities
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 |
|---|---|---|---|---|---|
| Oakville | Town of Oakville (Halton Region) | $1,163,100 | HPI | -1.6 % | June 2026 |
| Vaughan | City of Vaughan (York Region) | $1,132,200 | HPI | — | June 2026 |
| Richmond Hill | City of Richmond Hill (York Region) | $1,104,000 | median | — | June 2026 |
| Markham | City of Markham (York Region) | $1,067,000 | HPI | -7.59 % | June 2026 |
| Toronto | Ville de Toronto (juin 2026) | $934,000 | HPI | -4.33 % | June 2026 |
| Mississauga | Ville de Mississauga | $887,200 | HPI | -6.05 % | June 2026 |
| Burlington | City of Burlington (Halton Region) | $871,400 | HPI | — | June 2026 |
| Brampton | Ville de Brampton | $847,800 | HPI | -6.7 % | June 2026 |
| Hamilton | Hamilton (region de la ville, sans Burlington/Haldimand/Niagara North) | $746,245 | average | -9.2 % | June 2026 |
| Oshawa | City of Oshawa (Durham Region) | $724,200 | HPI | — | June 2026 |
| Kitchener | Région de Waterloo (Kitchener–Waterloo–Cambridge) | $649,700 | HPI | -8.8 % | April 2026 |
| Ottawa | Region de la chambre OREB (National Capital Region) | $629,800 | HPI | -2.1 % | April 2026 |
| Windsor | Windsor-Essex | $583,500 | HPI | +0.3 % | May 2026 |
| London | City of London | $563,000 | HPI | -7.4 % | April 2026 |
| Greater Sudbury | Grand Sudbury | $514,800 | HPI | +0.9 % | June 2026 |
| Thunder Bay | Ville de Thunder Bay | $439,500 | median | — | June 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.
How to read these figures
The gap between markets is the dominant fact. Between Oakville ($1,163,100) and Thunder Bay ($439,500), 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 11 markets with a published annual change, 2 are up and 9 down. Leading the gains: Greater Sudbury (+0.9 %), Windsor (+0.3 %). Sharpest declines: Hamilton (-9.2 %), Kitchener (-8.8 %), Markham (-7.59 %).
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.
The provincial picture
Province-wide, CREA put Ontario's average price at $839,112 in April 2026 (−1.8% year over year) and the benchmark at $752,400, in a balanced market (4.5 months of inventory). In the Toronto region, TRREB reported June 2026 sales up 9.4% year over year with prices still down annually but up slightly month over month (seasonally adjusted) — a tightening market.
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: July 26, 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?
In Ontario, the provincial average price stands at $839,112 in April 2026 (−1.8% year over year) and the HPI benchmark at $752,400 (CREA), in a balanced market (4.5 months of inventory). City by city, the reference price ranges from $439,500 (Thunder Bay) to $1,163,100 (Oakville). Sources: TRREB, OREB and local boards · CREA, dated figures per city below.
What is the cheapest city in Ontario to buy in?
Among the 16 markets Payotte tracks, the lowest reference price is Thunder Bay at $439,500 (median, June 2026). At the other end, the highest is Oakville at $1,163,100 (HPI).
Are Ontario home prices rising or falling in 2026?
Of 11 markets with a published annual change, 2 are up and 9 down. Leading the published gains: Greater Sudbury (+0.9 %), Windsor (+0.3 %). Sharpest declines: Hamilton (-9.2 %), Kitchener (-8.8 %), Markham (-7.59 %).
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.
Our price dossiers by province
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