List prices lie. Sold prices don’t.
Every week another headline trumpets a record average price. The number is almost always wrong for your block. Average list prices, average sale prices, benchmark prices — they’re different metrics calculated different ways and they tell you nothing about what your property is worth.
Here’s how I read sold home prices in Ontario for 2026, what the actual MLS data is showing, and why median beats average every time.
Average vs median vs benchmark — what each one actually measures
The average sale price is the total dollar volume divided by sales count. One $25M Bridle Path closing pulls Ontario average up by tens of thousands.
The median sale price is the middle transaction — half above, half below. It’s the only number that tells you what a typical home sold for.
The HPI benchmark (Ontario MLS) is a quality-adjusted index tracking a hypothetical “typical” property. Good for tracking change over time. Bad for pricing your specific home.
2026 snapshot by city (median sold, last 90 days) [REVIEW]
These are typical ranges from MLS sold data through Repliers. Actual ranges vary by week and property type — verify before relying on a single number.
- Toronto C09 (Rosedale/Moore Park) detached: typically $3.4M-$4.8M
- Toronto W08 (Etobicoke) detached: typically $1.45M-$1.85M
- Toronto E07 (Scarborough/Agincourt) detached: typically $1.15M-$1.45M
- Vaughan (Woodbridge) detached: typically $1.55M-$2.1M
- Markham (Unionville) detached: typically $1.7M-$2.3M
- Richmond Hill (Bayview Hill) detached: typically $1.8M-$2.4M
- Mississauga (Lorne Park) detached: typically $1.9M-$2.6M
- Oakville (Glen Abbey) detached: typically $1.7M-$2.2M
- Toronto downtown 1-bed condo: typically $570K-$720K
- Toronto downtown 2-bed condo: typically $800K-$1.1M
What the trends are telling sellers in 2026
Detached homes north of $2M are taking longer to sell
Days on market in that bracket has stretched compared to 2023. Buyers in this range are equity-rich move-up purchasers, not investors. They take their time and they walk from anything overpriced.
Sub-$1M product is still moving fast
First-time buyer demand is concentrated in Scarborough, eastern Mississauga, and pockets of Brampton. Anything well-priced in that range with two parking and outdoor space sells inside 21 days.
Pre-construction condos are repricing
Resale assignment values have softened where the original purchase contract was written at 2021-2022 peaks. Many sellers are at or below contract price — read the assignment carefully.
How to read sold data for your own decision
Three rules:
- Same property type only. Comparing detached to semi-detached is meaningless even on the same street.
- Last 90 days max. Anything older is stale in a market that moves quarterly.
- Inside 1 km, ideally inside the same MLS map area. Catchment matters more than distance.
The Bottom Line for Ontario Sellers and Buyers
City-level averages are useful for trend headlines and useless for decisions. The only number that matters for your home is the median of 3-5 directly comparable sold properties in your neighbourhood in the last 90 days.
For buyers: anchor every offer to that median, then adjust up or down based on condition. For sellers: list price at that median plus your rarity premium, never the aspirational asking prices of unsold inventory.
Browse city-by-city sold data to see the medians for your area, or start with a free home-value range built on the actual sold comparables that matter for your property.
Every Letter of Opinion I prepare for RE/MAX Your Community Realty, Brokerage clients uses this exact data — real MLS sold comparables from Repliers, not estimates.
Curious what your home is worth in today’s Ontario market? Get a free range backed by real MLS sold data → instantcalculator.ca/home-value/
— Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage
 | Alex GoodmanSales Representative · RE/MAX Your Community Realty, Brokerage Alex Goodman is a Sales Representative with RE/MAX Your Community Realty, Brokerage, serving the Greater Toronto Area. He specializes in residential sales across Ontario — luxury, first-time buyer, and downsizing transactions — and maintains InstantCalculator.ca as a free public resource for Ontario homeowners researching their property value. |