Toronto vs Vancouver: Home Prices and Housing Market Compared
In October 2026, the average home in Greater Vancouver sold for $1,226,143, 20% more than the $1,024,108 average in the Greater Toronto Area. Over the past year, the average price fell 2.7% in the Greater Toronto Area and 3.1% in Greater Vancouver. A detached home averaged $1,310,627 in the Greater Toronto Area and $1,988,382 in Greater Vancouver; a condo, $621,400 and $693,748. The Greater Toronto Area is a buyer's market, while Greater Vancouver is a balanced market. On a home at the average price, a buyer pays $16,957 in the Greater Toronto Area ($33,914 in the City of Toronto) and $22,523 in Greater Vancouver.
In this comparison, Toronto is the Greater Toronto Area and Vancouver is Greater Vancouver, as the local boards report them.
Side by side
| Greater Toronto AreaOctober 2026 | Greater VancouverOctober 2026 | |
|---|---|---|
| Price | $1,024,108 average | $1,226,143 average |
| Yearly change in price | -2.7% | -3.1% |
| Homes sold | 5,603 (-7.9% yearly) | 2,024 (-10.2% yearly) |
| Detached / single-family | $1,310,627 | $1,988,382 |
| Condo / apartment | $621,400 | $693,748 |
| Days on market | 31 days | n/a |
| Market conditions | Buyer's market (37.9% sales to new listings, 12-month) | Balanced (13% sales to active listings) |
| Months of inventory | 4.6 12-month | n/a |
| Land transfer tax at that price | $16,957 ($33,914 in the City of Toronto) | $22,523 |
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 Vancouver Housing Market: Quick Answers
Is Toronto more expensive than Vancouver?
No. In October 2026, the average home in Greater Vancouver sold for $1,226,143, 20% more than the $1,024,108 average in the Greater Toronto Area.
Are home prices going up in Toronto or Vancouver?
Over the past year, the average price fell 2.7% in the Greater Toronto Area and 3.1% in Greater Vancouver.
Is it easier to buy in Toronto or Vancouver?
The Greater Toronto Area, going by market conditions. The Greater Toronto Area is a buyer's market, while Greater Vancouver is a balanced market.
Full reports and tools
- Greater Toronto Area housing market report
- Greater Vancouver 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
- Toronto vs Calgary
- Vancouver vs Calgary
- Calgary vs Edmonton
- Toronto vs Montreal
- Montreal vs Quebec City
- Montreal vs Gatineau
- Quebec City vs Gatineau
- Toronto vs Ottawa
- Ottawa vs Montreal
- Ottawa vs Calgary
- Ottawa vs Vancouver
- Ottawa vs Edmonton
- Ottawa vs Winnipeg
- Ottawa vs Halifax
- Ottawa vs Kitchener-Waterloo
- Ottawa vs Hamilton
- Ottawa vs Gatineau
- Toronto vs London
- London vs Kitchener-Waterloo
- London vs Hamilton
- Ottawa vs London
- London vs Montreal
- London vs Calgary
- London vs Vancouver
- London vs Edmonton
- London vs Winnipeg
- London vs Halifax
- Mississauga vs Brampton
- Markham vs Richmond Hill
- Oakville vs Burlington
- Kitchener vs Waterloo
- North Vancouver vs West Vancouver
- Hamilton vs Burlington
The statistics on this page belong to the Toronto Regional Real Estate Board (TRREB) and the Greater Vancouver REALTORS® (GVR). You may quote them with credit and a link: see using our data.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.