Toronto vs Calgary: Home Prices and Housing Market Compared
In August 2026, the average home in the Greater Toronto Area sold for $993,410, 56% more than the $638,440 average in Calgary. Over the past year, the average price fell 2.7% in the Greater Toronto Area and rose 4.3% in Calgary. A detached home averaged $1,288,669 in the Greater Toronto Area and $813,806 in Calgary; a condo, $617,593 and $316,248. The Greater Toronto Area is a buyer's market, while Calgary is a balanced market (sales at 37.5% and 53% of new listings). Homes took 35 days on average to sell in the Greater Toronto Area, and 41 days in Calgary. On a home at the average price, a buyer pays $16,343 in the Greater Toronto Area ($32,686 in the City of Toronto) and $690 in title transfer fees in Calgary. Alberta has no land transfer tax, only title registration fees.
In this comparison, Toronto is the Greater Toronto Area, as its local board reports it.
Side by side
| Greater Toronto AreaAugust 2026 | CalgaryAugust 2026 | |
|---|---|---|
| Price | $993,410 average | $638,440 average |
| Yearly change in price | -2.7% | +4.3% |
| Homes sold | 5,057 (-2.1% yearly) | 1,660 (-16.4% yearly) |
| Detached / single-family | $1,288,669 | $813,806 |
| Condo / apartment | $617,593 | $316,248 |
| Days on market | 35 days | 41 days |
| Market conditions | Buyer's market (37.5% sales to new listings, 12-month) | Balanced (53% sales to new listings) |
| Months of inventory | 4.6 12-month | 3.92 |
| Land transfer tax at that price | $16,343 ($32,686 in the City of Toronto) | $690 title fees only |
Latest month of each report. Prices are averages of all homes sold unless marked; conditions come from the sales-to-new-listings ratio (a buyer's market below 40%, a seller's above 60%), or for Greater Vancouver's region from sales to active listings (below 12% and above 20%). Land transfer tax is worked out on the price in the first row with the land transfer tax calculator, before any first-time buyer rebate.
Toronto vs Calgary Housing Market: Quick Answers
Is Toronto more expensive than Calgary?
Yes. In August 2026, the average home in the Greater Toronto Area sold for $993,410, 56% more than the $638,440 average in Calgary.
Are home prices going up in Toronto or Calgary?
Over the past year, the average price fell 2.7% in the Greater Toronto Area and rose 4.3% in Calgary.
Is it easier to buy in Toronto or Calgary?
The Greater Toronto Area, going by market conditions. The Greater Toronto Area is a buyer's market, while Calgary is a balanced market (sales at 37.5% and 53% of new listings). Homes took 35 days on average to sell in the Greater Toronto Area, and 41 days in Calgary.
Full reports and tools
- Greater Toronto Area housing market report
- Calgary housing market report
- City vs City affordability comparison: what the same income buys in each city
- Land transfer tax calculator, with first-time buyer rebates
More comparisons
Data from the Toronto Regional Real Estate Board (TRREB) and the Calgary Real Estate Board (CREB®) monthly statistics packages reports.
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