This market quirk sits alongside the Bank of Canada’s June 10 decision to hold its policy rate at 2.25% for a fifth straight time. With borrowing costs steady, what’s interesting is less about rates than about which property type offers the better deal, and in May that was condos.

The median GTA condo apartment sold for $549,000 in May 2026 (see infographic below). That’s down 7.7% from May 2025, the steepest decline of the three home types; detached homes, by comparison, slipped just 2.3% annually. Condos also sold for a median 3.21% below asking price, the widest gap of any home type.

The middle of the market held firmest compared with the price sellers hoped to achieve. Attached homes such as townhouses and semis sold at a median of 1.87% below asking, the closest to list of any segment, and at a median price of $853,000. Detached homes sat between the two, typically selling 2.65% under asking and at a median of $1,230,000. Across all property types, 73.9% of GTA homes sold below their list price in May, with the typical sale closing about 2.56%, or roughly $20,000, under asking.

The market as a whole is firming, even as it sits below last year. The overall median sale price was $922,050 in May, up from April and higher across all three home types, though still 4.4% below May 2025. As in much of the country, monthly prices have been edging up while year-over-year figures stay negative, so the gap with last year is closing rather than widening.

The month’s extreme sales vs list prices

The condo market is not uniformly offering deep discounts. The single largest jump from list to sale price in May was a two-bedroom North York condo apartment listed at $399,000 that sold for $660,000, 65% over asking. It’s proof that the right unit at the right price still draws a crowd even in the most-discounted segment. The biggest premium in dollar terms was a Toronto semi-detached home that sold $711,000 above its $1,599,000 list price.

The steepest discounts went the other way, at the top of the market: a North York detached bungalow listed at just under $3.75 million sold for $2,650,000, 29% below asking, which is the month’s biggest percentage drop. And the biggest dollar cut was seen by a five-bedroom luxury home, also in North York, which sold for a whopping $1.45 million under its asking price of $8,995,000.

What it all means for buyers and sellers

For buyers, those looking for a condo are getting not only the lowest entry point but also the most room to negotiate, while move-up buyers shopping the firmer middle should expect to pay much closer to asking.

For sellers, the lesson runs in the same direction, since condo sellers in particular are meeting buyers well below their initial price, and the homes that move are the ones priced to recent comparable sales rather than to last year’s market.

With the Bank of Canada keeping borrowing costs steady, neither side is waiting on cheaper money any more, and the task now is reading where each part of the market actually stands, which in May meant three very different places.

Check out the full GTA May 2026 PriceWatch infographic below for more details and breakdowns by area and property type. Mouseover or touch the price chart points to reveal the full data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: With rates on hold and prices down, the GTA’s cheapest homes come with deepest discounts appeared first on HouseSigma.

Detached home sales in the Greater Toronto Area rose 6.8% year-over-year in April 2026, even as the typical detached buyer paid below asking. That combination, more deals closing and more of them at a discount, looks contradictory at first. The data shows it isn’t, because asking prices were lower YOY too.

The median detached listing price across the GTA was $1,200,000 in April 2026, down from $1,279,900 a year earlier. That’s a 6.2% drop in what sellers were willing to ask as a starting point. Attached and condo sellers moved similarly: median list prices for both fell about 5.5% to 5.8% YOY.

Sale prices fell almost as much. The median detached sale closed at $1,200,000 in April 2026, compared with $1,275,000 in April 2025, a 5.9% drop.

Finding more middle ground for transactions

So most of what looks like a “deeper discount” story is actually a “lower list prices” story. Within each transaction, buyers did push for slightly more off the asking price — the typical detached sale closed 2.86% below list this April, versus 2.02% below list last April — but that 0.84-percentage-point shift is small compared to the 6% reduction in list prices.

The result of this is more middle ground. With less daylight between asking prices and what buyers were prepared to pay, more transactions found a place to close. This is likely a key reason why detached sales rose 6.8% YOY, and total GTA sales were up 3.5%.

“One likely factor in detached sales rising is that upsizers get a better deal in this market. With sale and listing prices lower across the board, the buyer may lose some dollars in the sale of their smaller home, but will gain more with deeper discounts on the larger home they are buying. In this market, it makes much more sense to upsize than to downsize from a house to a condo.”

Jeremy Bator, leading HouseSigma agent

Market outliers: Home sells for nearly a million over its $2M asking price

There were exceptions, including one striking one. A four-bedroom detached home in North Riverdale, Toronto, more than a century old, was listed on April 14 at $1,999,000 and sold just six days later for $2,952,000. That’s $953,000 over ask, the largest dollar over-bid in the GTA in April, and nearly the highest in percentage terms at 49.7% above list.

The list price wasn’t unusually low in terms of comps, yet this beautifully decorated home drew a buyer who valued it well above what similar homes had been fetching. And it shows us that this is a market where competitive pricing can still create a great result for the seller. What it doesn’t definitively do, however, is suggest that widespread detached bidding wars are coming back. Right now, it’s more of an exception to the rule.

The home that saw the largest percentage increase from list to sale price was this four-bedroom attached Toronto home, which looks ripe for renovating or redeveloping. It went for 51.4% over its $699K list price, selling for $1,058,000.

At the other end of the spectrum, the biggest dollar discount from asking was given to the buyer of this fabulous lakeside home in Oakville. The seller had been asking a whopping $15.5 million but the buyer paid $12.6 million. And the deepest percentage discount was a three-bedroom condo-townhouse that sold for $530K, which is more than a third less than the $799K asking price.

What this varied market means for buyers and sellers

For all buyers, the practical message is the same as it was last month, just with more confidence behind it: don’t be afraid to offer below ask. The math is on your side. More than seven in 10 detached buyers paid below list in April, with the typical discount running about $32,500 below the asking price. That said, the detached market warmed up in April so it’s possible these conditions may not remain this way for long. Condos are still selling for significantly below asking, and have condo sales have softened the most.

For sellers, the data points the same direction it has all year, only more so: list prices and recent comparable sold prices have moved closer together, and pricing that is aligned to recent comps will draw more activity than pricing aligned to last year’s expectations. Properties priced well still attract attention. Properties priced for a market that no longer exists tend to sit, drop, and then sell below where a sharper initial price would have landed them.

Check out the full GTA April 2026 PriceWatch infographic below for more details and breakdowns by area and property type. Mouseover or touch the price chart points to reveal the full data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

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Just 4,896 resale homes sold in the GTA in March 2026, as seen in the infographic below. For context, the 10-year average for March sales is 9,003, with this March coming in at only just over half that average. In fact, last month was the lowest March for sales in HouseSigma’s GTA data, which goes back to 2003 — lower even than the 2008/9 financial crisis.

The sluggish market continues to put downward pressure on prices. The median sale price across all GTA home types came in at $875,000 in March, only slightly lower than February’s $878,500 but down 7.4% from a year ago. All three property types sold for a lower median price, year-over-year: detached homes at $1,200,000 (-7.7%), attached at $850,000 (-8.1%), and condo apartments at $548,000 (-9.4%).

Lower listing counts but slow sales cycles

The mismatch between supply and demand is showing up clearly in days on market. Active listings took an average of 32 days to sell in March, down from 36 in February, which is a normal seasonal improvement. Property days on market, which captures the full picture of how long a home has actually been available (including any periods where it was briefly delisted and relisted), sits at 65 days. That gap between DOM and PDOM is evidence a lot of the home listings in the GTA have been around for a while.

Active listings at month-end reached 20,959 — up 9.6% from February, but down 19% from March 2025. That is because the 14,401 new listings in March mentioned above, which may be higher than February, are still down 17% from March 2025. It’s clear that both sides of the market are pulling back, with sellers clearly nervous that now is not a good time to offload their home (especially if they’re looking for a strong price).

Pent-up demand in the wings?

There may still be considerable demand waiting in the wings. After all, life goes on, and people still need to move and buy homes. Mortgage rate cuts over the past year have improved affordability on paper, and the reduction in home prices have improved it further still. But improving affordability and people actually buying are two different things, and the gap between them is visible in the data. Buyers aren’t uninterested — they’re uncertain, and uncertain buyers usually watch and wait.

Sammy Kohn, a leading HouseSigma agent in the GTA, said, “The rise in spring listings isn’t unusual, but the slower pace suggests a healthy recalibration. Some listings have stayed on longer, and buyers now have room to make thoughtful moves. Toronto’s long run as a sellers’ market needed this correction.”

Check out our interactive March 2026 GTA MarketWatch infographic, below, to see the full stats breakdown by property type and the hottest communities for listing activity. Just hover over or click on the charts to see the precise data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA real estate market sees slowest March on record, with sales just over half the 10-year average appeared first on HouseSigma.

HouseSigma’s Market Temperature graphs measure something different: the absorption rate, which is the share of active listings that sell in a given month. It captures the live balance between supply and demand. You can find these Market Temperature graphs by scrolling down a little on any of our Market Trends pages, such as this Metro Vancouver page, this GTA page, and this Greater Calgary page. (You can also choose any other HouseSigma-covered geographic area, and filter by factors such as municipality, neighbourhood, and home type.)

When we examined five years of transaction data across Metro Vancouver, the Greater Toronto Area and Greater Calgary, a clear pattern emerged. The absorption rate doesn’t just describe current conditions — it often moves ahead of what sellers actually accept at the negotiating table, otherwise known as the sale-to-list-price ratio.

This means that the absorption rate can give us a clue about where prices are heading, because if we can predict that sellers will be forced into giving deeper discounts (or if they have the power to not accept discounts, or even force buyers to offer over list price) then we can predict what the overall typical sale prices will be.

A tale of three major markets

The pandemic buying frenzy of 2021 and early 2022 pushed absorption rates to extraordinary levels in all three urban areas, though the experience differed considerably between them.

In the GTA, demand was so intense during that period that monthly sales far outpaced the number of “active listings” — the count of available homes for sale at the end of the month. This can happen when homes that are being listed throughout the month are being snapped up, in addition to existing inventory, and never make it to the month-end inventory count.

Check out this graph below, with the blue line and left-side Y axis showing the absorption rate across the GTA as a whole over the past five years.

Metro Vancouver saw similarly elevated activity in 2021 and 2022, per the graph below, before also seeing a rapid decline that has led to today’s buyer’s market. Like in the GTA, there was a brief recovering mini-peak in 2023 before the slow period of mostly decline up to today.

If you examine the green line on those two graphs, with a measure on the right-side Y-axis, you can see the sale-to-list-price ratio — the median percentage of the asking price that sellers were getting in the actual sale. It’s clear that in both cities during that 2021-22 period, sellers weren’t just receiving offers at asking price (the 100% dotted red line); homes were typically closing at a price above asking, especially in the GTA for a prolonged period. However, this is clearly not the case today.

Calgary told a subtler version of the same story. The absorption rate climbed sharply, but even at peak heat, most transactions completed at or just above the asking price rather than dramatically over it.

Calgary’s market competitiveness has always expressed itself through speed and volume rather than the kind of overbidding that became common in Toronto and Vancouver. Record international and interprovincial migration drove housing demand in Calgary, with employment gains and relative affordability continuing to attract people to the province even amid high interest rates.

Does the absorption rate actually predict what comes next for prices?

To answer this accurately, we ran a statistical analysis testing whether the absorption rate (or “Market Temperature”) in a given month is more closely correlated with sale-to-list-price ratios in that same month, or in the months that follow. The answer depends on the market.

In the GTA and Greater Calgary, the absorption rate is genuinely predictive of rising or falling sale-to-list-price ratios. The correlation between this month’s absorption rate and next month’s median sale-to-list ratio is stronger than the concurrent relationship — meaning the absorption rate tends to move about a month ahead of negotiating outcomes in those cities.

Greater Vancouver Realtors’ historical analysis confirms the broader relationship between absorption rate and pricing, finding that downward pressure on home prices occurs when the absorption rate dips below 12% for a sustained period, while upward pressure tends to emerge when it surpasses 20%. In HouseSigma’s Metro Vancouver graph above, however, the correlations are nearly identical at every month, as the two metrics move together rather than one leading the other. Vancouver’s market appears to adjust faster — suggesting that sellers tend to change prices more quickly in response to changing absorption conditions, compressing the gap.

Jeremy Bator, a leading HouseSigma agent in the Lower Mainland of BC, observed, ““Metro Vancouver sellers don’t sit around waiting for the market to catch up — they adjust on the fly. With the region’s strong international influence, there’s an added layer of sophistication in how sellers read and react to market signals. It’s kind of like driving around here — hesitate for a second and someone’s already merged into your lane.”

Calgary’s second boom cycle

One of the most interesting findings from the five-year dataset is that Calgary ran a second complete boom cycle that Vancouver and the GTA did not. After cooling in late 2022, Calgary’s absorption rate surged again through 2023 and into early 2024, fuelled by continued interprovincial migration from British Columbia and Ontario. CMHC noted that roughly 70% of net interprovincial migration into Alberta was coming from B.C. and Ontario, as buyers priced out of those markets sought relative affordability in Calgary. The absorption rate and the median sale-to-list-price ratio both peaked again in spring 2024, with sellers once more commanding full asking price — and in each case the absorption rate’s climb preceded the improvement in sale-to-list outcomes by roughly a month, consistent with the statistical analysis.

That pattern then reversed. Calgary’s absorption rate has been falling steadily since mid-2024, and the sale-to-list-price ratio has tracked it downward. Sellers who were receiving full asking price 18 months ago are now accepting modest discounts.

Raj Sandhu, a leading HouseSigma agent in Calgary, said, “Calgary’s market has been one of the most resilient in the country over the past few years. However, as supply has caught up and interest rates remain a factor, we’re now seeing a clear cooling trend. The absorption rate has been a reliable leading signal. Once it started declining, we saw seller’s price expectations adjust shortly after.”

Where things stand now

All three markets are currently cooling, and in each the sale-to-list ratio is following the absorption rate down. Metro Vancouver’s absorption rate hit a five-year low in January 2026 and is still very muted. The GTA has been soft throughout 2025, with sellers consistently accepting below asking. Calgary, starting from a higher base, has cooled more recently but is now tracking the same direction.

The sales-to-active listings ratio in Metro Vancouver remains below the level that typically signals upward price pressure, indicating that downward pressure on pricing may persist if conditions do not tighten. The same observation holds in the GTA and Calgary.

Sammy Kohn, a leading HouseSigma agent in the GTA, warned that it is important to recognize statistics only paint part of the picture. He said, “‘I definitely look at stats, but lean more on client realities — it’s always case by case. That said, Toronto’s demand edging up right now means balanced absorption, which signal steady or rising prices ahead — and if it keeps buyers and sellers even, that’s a win for everyone.”

That said, stats are a useful part of the picture, as long as they’re taken in context. And for anyone trying to decide when to list or when to buy, the Market Temperature graph offers something the sale-price charts don’t: an early read on where negotiating conditions may be heading. In most markets, that signal tends to arrive before the shift shows up in what homes actually sell for, so it’s worth keeping an eye on it.

Follow your local Market Temperature and other data on our Market Trends pages, such as this Metro Vancouver page, this GTA page, and this Greater Calgary page.

The post Where is the market heading? Our interactive Market Temperature charts can help predict home prices appeared first on HouseSigma.

February’s real estate statistics still tell the story of a buyer’s market. The total number of homes sold in the GTA in February was 3,672, which was a fairly typical near-20% seasonal increase from January, but down 11.1% from a year ago. Across all home types, the median GTA sale price in February was $878,500, up 4.4% since January but 5.5% lower than a year ago.

February’s inventory sat at 19,129 active listings, giving buyers plenty of choice and negotiating room. Homes are still sitting on the market for 72 days on average, including instances where homes were de-listed and quickly re-listed. That’s well above the frenzied sales pace of previous years.

Is the market finding its floor?

However, there is an interesting development in home listing terminations and expirations, which dropped to 4,612 in February — nearly half the 10,781 recorded last September, after months of decline. This steady fall suggests sellers are increasingly pricing realistically from the start, rather than testing the market at aspirational prices and being forced to retreat. While there are no guarantees of how the market will move, when the gap between what sellers want and what buyers will pay starts to close, it’s typically one of the earliest indicators that a market is finding its floor.

For buyers, this could be a “pay attention” moment. The combination of still-lower prices, high inventory, and a motivated seller base that’s getting more pragmatic may represent the sweet spot — before spring competition potentially picks up and that leverage gradually disappears.

Condo prices down but showing recovery

Entry-level buyers looking for a condo may have a particularly good opportunity right now. The median condo price is $552,000, down from $602,250 a year ago — a saving of $50K, which is meaningful difference on a purchase of that size. But the price has risen twice in the past two months, and could continue to see an increase into the spring market.

“Sellers appear to be finally catching up to where the market really is, not where it used to be. We’re seeing more listings priced right from the start — and that’s a healthy adjustment for everyone. It’s an encouraging sign that confidence is returning as pricing becomes more grounded in today’s reality.”

Sammy Kohn, a leading HouseSigma agent in the GTA

Check out our newly interactive February 2026 GTA MarketWatch infographic, below, to see the full breakdown by property type and where the hottest communities are for listing activity. Just hover your mouse over the charts to see the precise data.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA buyer’s market window still open, but are there early signs of it closing? appeared first on HouseSigma.

Home sales in the Greater Toronto Area in January 2026 totalled just 2,912 residential transactions – the lowest monthly figure since December 2008, which was during the global financial crisis.

Despite the sluggish market, new home listings in the region doubled last month compared with December 2025 – although December’s new listings were so low, it’s still a relatively small figure. Nevertheless, active inventory is very high for January, due to the extremely slow sales activity.

Naturally, with so much inventory and so relatively few transactions, average property days on market in the GTA is now 90 days, which is the highest on HouseSigma’s records. Property days on market is the average number of days it takes a home to sell, including if the home was delisted and quickly relisted.

The median price of a home sold last month slipped slightly from December to $848,500. The price has been dropping steadily and is now at levels seen just before the 2021 surge in pricing.

“While January brought the slowest sales in more than 17 years, the increase in listings and steady pricing suggest a market finding its footing. For buyers and sellers with a plan, this environment can work to their advantage.”

Sammy Kohn, a leading HouseSigma agent in the Greater Toronto Area

Check out the January 2026 MarketWatch infographic below for more details on the GTA real estate market, including breakdowns by property type and municipality.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: January saw lowest number of GTA home sales since 2008 global financial crisis appeared first on HouseSigma.

The owner (possibly the developer, as this is a 2023-built home) first listed it at $19.99 million, and gradually decreased the price in new listings over the following months, finally asking $10.29 million and ending up in a power-of-sale transaction in May 2025 at $7.5 million. Even at this price, the home made our GTA 10 most expensive home sales of 2025 list. The eventual $2.79 million difference between the sale price and its final list price was still the largest dollar discount of any single GTA residential property sale in 2025.

HouseSigma’s deep dive into list-price-vs-sales-price data (see infographic below) found that nearly three-quarters of GTA home sales went for under the final asking price in 2025, with nearly one quarter going for over list. The median difference in the GTA region across 2025 was a discount of 2.5%. Condos saw slightly deeper discounts, followed by detached homes, with attached homes getting closest to asking.

The softening of the high-end sector is also evident in the fact that luxury-home-heavy areas such as King, Caledon, and Oakville were the municipalities to see the largest gaps between asking price and sale price. In contrast, Oshawa and Clarington, municipalities among the cheapest for median sale prices, saw the lowest median discounts from list price.

The individual home that went for the highest percentage amount under its final list price was not the above Forest Hill mansion, but an unassuming Scarborough bungalow whose owners had wanted $1.49 million but accepted $845,000, a reduction of 43.5%.

However, with a quarter of GTA homes going for over list price, there were some sales success stories. The home that went for the highest dollar amount over asking in 2025 was a lakefront beauty in The Beaches, right on the boardwalk, which got $1.68 million over its $2.5 million list price, for a sale at $4.18 million. The highest percentage premium was paid for a one-bed North York condo that was strategically listed at $199,000 and sold at $495,000, or 148.7% more.

Sammy Kohn, a leading HouseSigma agent in the region, said, “The GTA’s high-end homes aren’t bulletproof. Listing what a seller feels is a $10 million-plus property, only to see it sell for $7.5 million, is a clear reminder that even the priciest addresses need to respect market shifts. In today’s market, prestige alone doesn’t set the price—buyers do.” 

Check out the full-year 2025 GTA PriceWatch infographic, below, to see more details and breakdowns of median sale prices and discounts by property types and municipality rankings.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA luxury home sector falters, with one mansion selling $12.2M under first asking price appeared first on HouseSigma.

In what was the slowest home sales year on HouseSigma’s 23-year record, almost half of homes that were listed for sale in 2025 did not end up selling. Some 47% of unique home listings either expired, or were terminated, or are still for sale.

The GTA saw only 60,597 residential resale transactions in 2025, which is the lowest on HouseSigma’s 23 years of records, less than half that of the peak in 2021, as well as being down nearly 12% from 2024, and even lower than the financial crisis year of 2008 (see graph in infographic below). The Toronto Regional Real Estate board reported that the last time sales were lower than this was in 2000, at just over 60,000 sales.

There were 181,477 new listings on the market across 2025, although not all those were unique properties, as some were delisted and relisted. The number of unique homes listed was 110,564, of which 52,426 did not sell.

This increase in supply combined with falling sales put downward pressure on the median price of a GTA home sale in 2025, which was down 4% year over year to $925,000.

Since 2016, HouseSigma has been tracking “property days on market” in the region, which measures the average total number of days a property (all home types combined) has been for sale, including if it was delisted and quickly relisted. This monthly figure was higher in 2025 than all of the previous years on record, and culminated in a record high in December 2025 of 87 average property days on market.

Sammy Kohn, a leading HouseSigma agent in the Greater Toronto Area, commented, “Low sales don’t mean a broken market—they signal a transition. Buyers finally have some leverage, and sellers who adapt early are the ones still getting deals done. This is one of the most interesting moments I’ve seen in Toronto real estate in years.”

Check out the full-year 2025 GTA infographic for more details, below.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: Only half of homes listed in the GTA in 2025 were sold appeared first on HouseSigma.

The homes range from a mega property combination deal, to a turreted party mansion that looks straight out of The Great Gatsby, to refined and elegant urban homes. Plus, there are a LOT of beautiful swimming pools to envy!

Check these amazing properties out below, then head to our home page to see more sold and for-sale homes in your area, where you can filter by price and many other attributes.

1. North York property combo: $27.325M

20/22 Park Lane Circle, North York: We have to admit, this property sale – which is higher priced than any on the Metro Vancouver most expensive sales list – is a bit of a cheat in terms of ranking #1 on this list. It’s actually two neighbouring North York properties combined into one deal – one for $16.205 million and one for $11.12 million, which closed on the same day to the same buyer. So, although the combination makes it Canada’s highest priced residential resale property deal of 2025, it’s not actually the individual most expensive Canadian home sale of the year (that title goes number 2 on this list).

Details: 8 bed, 9 bath • Sold February 4, 2025

2. Palatial party pad: $17.8M

15466 The Gore Road, Caledon: What in the Great Gatsby is this? Just… wow. We figure this huge, turreted home in Caledon on a vast property could host the most epic party the GTA has ever seen. And, at $17.8 million, its sale in May was the highest priced single residential resale transaction of 2025, anywhere in Canada (according to MLS records and not counting farms/ranches, land-based deals, or any off-market transactions). The main home has incredible interiors and gorgeous finishes, such as double-height ceilings and internal stone walls. The property includes 52 acres of forested land, with trail walks, a stream with waterfalls, and a “beach house” for guests on one of the small lakes – which have fountains, of course.

Details: 7 bed, 9 bath • Sold May 1, 2025

3. Sleek and stylish architectural home: $16.18M

11 Thornwood Road, Toronto: This Rosedale home, named Thornwood House and designed by KPMB Architects, is as much art as it is house. It was designed to showcase artwork and let in tonnes of natural light. The dark, mysterious frontage of the house is contrasted by the wall-to-wall windows around the back L-shape of the building, offering views of a serene garden. We hope the new owner is a car lover, as there’s also a garage with a car lift to store an extra vehicle underground.

Details: 5 bed, 8 bath • Sold May 11, 2025

4. House fit for King: $13.45M

72 Manitou Drive, King: This is a huge French chateau-style home that seems built for royalty, with 22,000 square feet of living space, located in the Narrows of Kingscross Estates. The home is wall-to-wall marble and ultra-luxury finishes throughout. The grounds feature a circular parking courtyard and driveway for up to 20 cars, plus there’s an underground garage for an additional 10 cars. There is also a tennis court, and separate 3,400sf building housing a heated saltwater indoor pool with mural ceilings.

Details: 7 bed, 6 bath • Sold February 7, 2025

5. A rose in Rosedale: $13.2M

20 Elm Avenue, Toronto: This is a real Rosedale gem – an elegant home from 1890 that has been meticulously restored to state-of-the-art standards. The 135-year-old home offers over 11,500 square feet of living space across four levels, with original architectural details including hand-carved moldings, eight fireplaces, and a dramatic entrance foyer, plus they have installed a four-floor elevator. Outside it has one-third of an acre of gardens, including a terraces, patios, a shaded pool, and mature trees.

Details: 6 bed, 9 bath • Sold August 30, 2025

6. Brand-new penthouse: $12.5M

7 Dale Avenue #PH3, Toronto: The only condo on this top 10 list, this is a penthouse at the exclusive and striking 7 Dale Avenue building – designed by architect Hariri Pontarini with the interiors by Studio Munge, and completed last year. This unit boasts a huge outdoor terrace with Rosedale and wider city views, and 4,200 square feet of indoor living space. The listing shows no interior images, and the description says the as-yet-unlived-in penthouse listing is “presented with the opportunity for the purchaser to choose their colours and materials” – so we believe it was not finished upon listing, but sold at the completed price.

Details: 4 bed, 4 bath • Sold October 14, 2025

7. Riches in Richmond Hill: $12.25M

61 Westwood Lane, Richmond Hill: At first glance, this Richmond Hill residence is all about the grandeur. Custom-built in Georgian style (except, you know… new), the house showcases such extravagant features as 23-foot ceilings in the rotunda-style entrance foyer, and formal topiary on the pool terraces. But inside, the house is surprisingly livable and accessible, while still being very luxurious. Outside, there’s a tricked-out pool cabana with a bathroom, laundry room, and an outdoor kitchen with a grilling station and a wood-fired pizza oven.

Details: 6 bed, 10 bath • Sold April 29, 2025

8. Design-magazine-style home: $12.2M

18 Chestnut Park Road, Toronto: The charming family-home exterior of this Rosedale house belies the design-magazine-quality modern interiors, which are jaw-droppingly sumptuous. Just check out the listing photos – especially that high-end-club-style basement recreation space. That wine room is something else, too.

Details: 6 bed, 7 bath • Sold October 14, 2025

9. Burlington family estate: $12M

4472 Escarpment Drive, Burlington: Located in enclave of The Bluffs in Burlington near the Bruce Trail, this custom-built family home sits on two acres of land. The home offers 15,000 square feet of living space, with seven bedrooms, 11 bathrooms, an elevator, a movie theatre, a spectacular two-storey gourmet kitchen, and an expansive outdoor pool area.

Details: 7 bed, 11 bath • Sold June 24, 2025

10. New-build Forest Hill home: $11.9M

228 Dunvegan Road, Toronto: Back in the city, the last on our list is a newly built home in Forest Hill. The house has nearly 9,000 square feet of modern living space, and was created by architect Richard Wengle and built by Marvel Homes. Out back, there’s a yard with a shady swimming pool and a terrace for outdoor dining.

Details: 6 bed, 9 bath • Sold August 1, 2025

Keep up to date with our Ontario real estate blog, with market news and listing articles, here.

The post Gatsby-style partying to refined urban living: The top 10 most expensive GTA home sales of 2025 appeared first on HouseSigma.

It is taking sellers as long as has ever been recorded by HouseSigma to sell a home – an average of 73 “property days on market,” which is the joint-highest since our records began. Average “property days on market” measures the total number of days a property has been for sale, including if it was delisted and quickly relisted.

Residential resales across the GTA in November totalled 4,588 transactions, which is 15.5% lower than October and nearly 20% down from November last year. The median price of a home also decline, by more than 3% month over month. This was led by a drop in detached home prices, which make up the largest portion of home sales.

Home sellers shied away from listing their homes in November, with new GTA listings dropping month over month by more than 30%. This pulled total active listings down somewhat to 24,165 homes, which is lower than the previous month but only by 11%, given the slower sale absorption.

All of these factor are giving home buyers in the region a significant advantage, in terms of negotiating power, choice of homes, and lack of competition.

Check out the full details of November’s GTA market stats in our infographic below.

Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.

The post Infographic: GTA homes taking longer than ever to sell, while prices keep slipping appeared first on HouseSigma.