Most Affordable Neighbourhoods in Toronto
In August 2026, the most affordable neighbourhood in Toronto was Cabbagetown & St. Lawrence Market, where the average home sold for $692,887, and the most expensive was Forest Hill South & Oakwood–Vaughan, at $2,290,894: about 3.3 times as much. 20 of the 27 neighbourhoods ranked were below the average of $979,684 for the City of Toronto. Over the past year, the average price was higher than a year earlier in 10 of the 27 neighbourhoods and lower in 17. The biggest rise was in Leaside & Thorncliffe Park (+46.9%) and the biggest drop in Don Mills & Parkwoods–Donalda (-24.5%).
Neighbourhoods ranked by average price, August 2026
| Rank | Neighbourhood | Average Price | vs City of Toronto | Yearly Change | Sales |
|---|---|---|---|---|---|
| 1 | Cabbagetown & St. Lawrence Market C08 | $692,887 | -29.3% | +10% | 135 |
| 2 | Agincourt & Malvern West E07 | $699,790 | -28.6% | -10.3% | 53 |
| 3 | Downsview & Humber Summit W05 | $701,795 | -28.4% | -15.3% | 59 |
| 4 | Rouge & Malvern E11 | $704,597 | -28.1% | -9.5% | 31 |
| 5 | Scarborough City Centre & Woburn E09 | $738,255 | -24.6% | -7.4% | 54 |
| 6 | Rexdale & Claireville W10 | $743,477 | -24.1% | -1.5% | 42 |
| 7 | The Golden Mile & Dorset Park E04 | $753,670 | -23.1% | -15.8% | 47 |
| 8 | Scarborough Village & Cliffcrest E08 | $775,635 | -20.8% | -20.2% | 37 |
| 9 | Downtown & Harbourfront C01 | $778,870 | -20.5% | -4.2% | 231 |
| 10 | York & Glen Park W04 | $824,555 | -15.8% | -3.2% | 49 |
| 11 | Rouge & Port Union E10 | $826,355 | -15.7% | -8% | 32 |
| 12 | Steeles & L'Amoreaux West E05 | $843,494 | -13.9% | -1.3% | 50 |
| 13 | New Toronto & Long Branch W06 | $867,508 | -11.5% | +0.4% | 74 |
| 14 | Newtonbrook East & Willowdale East C14 | $898,084 | -8.3% | -17.3% | 72 |
| 15 | Hillcrest Village & Bayview Woods-Steeles C15 | $906,508 | -7.5% | +0.6% | 102 |
| 16 | High Park & South Parkdale W01 | $926,035 | -5.5% | -1.3% | 32 |
| 17 | Bloor West Village & Baby Point W02 | $930,945 | -5% | -23.3% | 41 |
| 18 | Don Mills & Parkwoods–Donalda C13 | $957,913 | -2.2% | -24.5% | 46 |
| 19 | Davisville Village & Midtown Toronto C10 | $970,538 | -0.9% | +13.4% | 35 |
| 20 | Keelesdale & Eglinton West W03 | $970,900 | -0.9% | +5.6% | 36 |
| 21 | Danforth & East York E03 | $1,100,458 | +12.3% | +6.9% | 44 |
| 22 | Willowdale West & Newtonbrook West C07 | $1,107,287 | +13% | +31.9% | 59 |
| 23 | Leaside & Thorncliffe Park C11 | $1,240,438 | +26.6% | +46.9% | 32 |
| 24 | The Kingsway & Central Etobicoke W08 | $1,256,380 | +28.2% | +9.7% | 99 |
| 25 | The Annex & Yorkville C02 | $1,506,649 | +53.8% | -9% | 39 |
| 26 | Bedford Park & Lawrence Manor C04 | $1,935,770 | +97.6% | -8.8% | 36 |
| 27 | Forest Hill South & Oakwood–Vaughan C03 | $2,290,894 | +133.8% | +20.5% | 34 |
The average covers every home type sold, so neighbourhoods with more condos rank lower than their detached prices would put them: each neighbourhood's report breaks its prices down. The yearly change compares the price with the same month a year earlier. From our Greater Toronto Area report, built from the Toronto Regional Real Estate Board (TRREB).
Left out because they had fewer than 30 sales this month, too few for a steady average: Sunnylea & Stonegate-Queensway (9), Kingsview Village-The Westway & Richview (19), North York & Clanton Park (26), Moore Park & Rosedale (18), York Mills & St. Andrew-Windfields (17), Riverdale & Danforth (28), The Beaches & Woodbine Corridor (27), Birch Cliff & Oakridge (22).
Toronto Housing Market: Quick Answers
What is the most affordable neighbourhood in Toronto?
Cabbagetown & St. Lawrence Market: in August 2026, the average home sold for $692,887, on 135 sales. The next most affordable neighbourhoods were Agincourt & Malvern West ($699,790) and Downsview & Humber Summit ($701,795).
What is the most expensive neighbourhood in Toronto?
Forest Hill South & Oakwood–Vaughan: in August 2026, the average home sold for $2,290,894, on 34 sales. After it came Bedford Park & Lawrence Manor ($1,935,770) and The Annex & Yorkville ($1,506,649).
Are home prices falling in Toronto?
Over the past year, the average price was higher than a year earlier in 10 of the 27 neighbourhoods and lower in 17. The biggest rise was in Leaside & Thorncliffe Park (+46.9%) and the biggest drop in Don Mills & Parkwoods–Donalda (-24.5%).
More rankings and reports
The full Greater Toronto Area housing market report, all markets on the reports page, and pairs of cities side by side on the comparisons page.
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