Forest Hill South Real Estate Market Report — Week of June 01, 2026
The week in numbers
Forest Hill South recorded three home sales in the week of June 1, 2026, with a median sold price of $4.05 million. The neighborhood continues to attract high-value transactions, with sale prices ranging from $2.975 million to $5.6 million. Below is a snapshot of key metrics:
| Metric | This week |
|---|---|
| Median sold price | $4,050,000 |
| Sales count | 3 |
| Sale-to-list ratio | 89.8% |
| Price range | $2,975,000–$5,600,000 |
The sale-to-list ratio of 89.8% indicates homes are selling at a discount to asking, a pattern consistent with Forest Hill South’s positioning as a premium neighborhood where pricing discipline matters and buyer selectivity remains high.
What sold
Three detached homes closed this week across the mid-to-upper range of Forest Hill South’s market. Sales spanned a narrow price band relative to the neighborhood’s total inventory—each property appears to have undergone negotiation, with discounts ranging from roughly 10% to 13% from list price. The mix reflects the neighborhood’s appeal to established families and investors seeking substantial family residences in one of Toronto’s most established enclaves.
- Rosemary Road: $5,600,000 sold | Detached | 3,500–5,000 sqft
- Elmsthorpe Avenue: $4,050,000 sold | Detached | 3,000–3,500 sqft
- Tarlton Road: $2,975,000 sold | Detached | 3,000–3,500 sqft
What’s listed right now
Eight properties are currently active in Forest Hill South, representing inventory across a wide price spectrum. The range—from $2.388 million to $13.95 million—demonstrates the neighborhood’s diversity within the luxury segment. Active listings suggest sellers have brought significant new stock to market, reflecting confidence in demand despite this week’s modest sale count.
- Dunvegan Road: $10,995,000
- Dewbourne Avenue: $13,950,000
- Forest Hill Road: $8,495,000
- Ava Road: $6,795,000
- Killarney Road: $5,198,000
- Tarlton Road: $4,499,000
- Forest Hill Road: $4,995,000
- Spadina Road: $2,388,000
Market call
This week’s data points to a buyer-favorable environment. With three sales against eight active listings, inventory-to-sales ratio stands at roughly 2.7:1, giving buyers negotiating room. The 89.8% sale-to-list ratio reinforces that pricing expectations remain elevated relative to what buyers are prepared to pay; expect 10–13% haircuts from asking as the norm. Days-on-market data was not available this week, so velocity cannot be assessed, but the modest sale count relative to inventory suggests absorption is measured rather than brisk.
Forest Hill South remains a market for patient buyers and sellers willing to reprice. The breadth of active listings—from under $2.4 million to nearly $14 million—indicates segmented demand within the neighborhood. No anomalous sales were flagged, suggesting valuations are in line with recent comparable activity.
How this compares to the broader Toronto Central
Forest Hill South’s median of $4.05 million sits well above Toronto’s broader residential median, consistent with its status as a flagship neighborhood for high-net-worth buyers. The sale-to-list ratio of 89.8% is slightly softer than the city-wide average, reflecting the reality that ultra-premium real estate typically requires longer negotiation and sharper price adjustment than the mid-market. Toronto Central as a whole has seen steady luxury demand; Forest Hill South’s current inventory depth suggests competition among sellers in this tier is intensifying.
What this means if you’re thinking of selling
If you own in Forest Hill South and are considering a sale, three things stand out. First, pricing matters: this week’s sales closed 10–13% below asking, so work with a listing agent who can model realistic expectations upfront. Second, the market is not in a rush—eight active listings indicate choices for buyers, so your home must be prepared to compete on condition and presentation. We recommend reviewing our pre-listing checklist before marketing, and use our seller net sheet calculator to understand what you’ll net after costs and real estate fees. Third, the neighborhood’s prestige is your asset; market to international and interprovincial buyers, not just local traffic.
What this means if you’re thinking of buying
Buyers have leverage this week. With eight homes on the market and a consistent 10% discount from list, you can expect meaningful negotiation room. However, Forest Hill South attracts serious competition; homes at the top end of the range will likely draw multiple interested parties. Our advice: narrow your target price band, have your financing in place, and engage early with a buyer’s agent familiar with the neighborhood’s nuances. Book a 20-minute walkthrough with us to explore homes that fit your criteria and learn the current negotiation landscape in Forest Hill South.
Sources & method
This report draws on transaction data from the Toronto Regional Real Estate Board (Ontario MLS) and assessed values from MPAC — Making Sense of Your Assessment. Data covers the week of June 1, 2026 (three closed sales and eight active listings). For more context on Toronto real estate trends, visit InstantCalculator.ca or check our Forest Hill South home value estimate.
