May 10th 2021
Hey Toronto, how much have home values appreciated in your neighbourhood?
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Using our free AI-powered home value calculator, Instant Estimate, we’ve compared the selling prices of homes purchased in the six month period prior to COVID-19 (September 2019 - February 2020) to their current Instant Estimate value, as of May 2021. Similar to trends seen throughout the greater GTA, Toronto homeowners are moving out of the downtown core in search of bigger properties with more greenspace, causing neighbourhoods on the edges of the city to see the greatest appreciation in home values.
How does your area stack up? Here’s the breakdown of home value appreciation by neighbourhood:
| Area Within Toronto | Neighbourhood | Median Sold Price Sept 2019 - Feb 2020 |
Median Instant Estimate May 2021 |
Avg Price Increase (%) |
|
Downtown
|
Waterfront Communities C1 | $682,250 | $715,828 | 5% |
| Bay Street Corridor | $695,000 | $735,701 | 7% | |
| Niagara | $665,000 | $698,116 | 8% | |
| Church-Yonge Corridor | $672,500 | $719,284 | 8% | |
| Moss Park | $708,888 | $762,307 | 9% | |
| Waterfront Communities C8 | $660,500 | $719,204 | 9% | |
| Regent Park | $635,000 | $720,273 | 13% | |
| Kensington-Chinatown | $680,000 | $783,512 | 14% | |
| North St. James Town | $722,500 | $842,246 | 15% | |
| Cabbagetown-South St. James Town | $845,000 | $980,153 | 17% | |
| Downtown Total | $680,000 | $721,709 | 8% | |
|
East End
|
The Beaches | $1,330,000 | $1,381,596 | 9% |
| North Riverdale | $1,460,000 | $1,528,041 | 10% | |
| South Riverdale | $1,033,000 | $1,222,039 | 10% | |
| Danforth | $1,311,000 | $1,332,443 | 12% | |
| Woodbine Corridor | $1,031,000 | $1,205,312 | 16% | |
| East End-Danforth | $970,000 | $1,155,504 | 17% | |
| Greenwood-Coxwell | $981,500 | $1,215,487 | 22% | |
| East End Total | $1,093,000 | $1,277,413 | 13% | |
|
East York
|
Leaside | $1,526,000 | $1,551,606 | 5% |
| Broadview North | $980,000 | $1,219,696 | 15% | |
| Woodbine-Lumsden | $985,000 | $1,138,064 | 17% | |
| Danforth Village-East York | $998,000 | $1,183,188 | 18% | |
| East York | $1,017,000 | $1,204,899 | 18% | |
| O'Connor-Parkview | $925,000 | $1,147,156 | 19% | |
| Crescent Town | $389,500 | $515,720 | 37% | |
| East York Total | $970,000 | $1,138,064 | 18% | |
|
Etobicoke
|
Princess-Rosethorn | $1,300,000 | $1,489,690 | 13% |
| Islington-City Centre West | $565,000 | $622,515 | 13% | |
| Mimico | $620,000 | $698,333 | 14% | |
| Stonegate-Queensway | $1,266,500 | $1,442,905 | 15% | |
| Markland Wood | $638,000 | $669,872 | 15% | |
| Long Branch | $810,000 | $964,713 | 19% | |
| Etobicoke West Mall | $520,000 | $618,666 | 20% | |
| Willowridge-Martingrove-Richview | $880,000 | $1,131,041 | 23% | |
| Eringate-Centennial-West Deane | $805,000 | $1,059,341 | 24% | |
| Alderwood | $945,500 | $1,195,367 | 24% | |
| New Toronto | $835,000 | $1,030,389 | 25% | |
| Rexdale-Kipling | $760,000 | $941,767 | 25% | |
| West Humber-Clairville | $525,000 | $632,725 | 28% | |
| Thistletown-Beaumonde Heights | $774,000 | $988,739 | 28% | |
| Mount Olive-Silverstone-Jamestown | $430,750 | $562,916 | 34% | |
| Etobicoke Total | $685,000 | $773,743 | 19% | |
|
Midtown
|
Casa Loma | $900,000 | $921,945 | 6% |
| Annex | $890,000 | $931,293 | 7% | |
| Wychwood | $1,360,000 | $1,501,580 | 14% | |
| Midtown Total | $1,085,000 | $1,114,965 | 7% | |
|
North York
|
Bedford Park-Nortown | $1,950,000 | $2,135,506 | 3% |
| St. Andrew-Windfields | $1,750,000 | $2,051,421 | 9% | |
| Lansing-Westgate | $849,000 | $869,365 | 11% | |
| Bayview Village | $585,000 | $629,465 | 11% | |
| Willowdale West | $766,500 | $838,211 | 12% | |
| Yorkdale-Glen Park | $574,000 | $629,447 | 12% | |
| Willowdale East | $649,950 | $726,035 | 12% | |
| Henry Farm | $530,000 | $597,139 | 12% | |
| Banbury-Don Mills | $672,500 | $768,618 | 15% | |
| Clanton Park | $613,500 | $682,640 | 15% | |
| Englemount-Lawrence | $800,000 | $904,203 | 16% | |
| Don Valley Village | $695,000 | $742,960 | 16% | |
| Bathurst Manor | $960,000 | $1,259,385 | 16% | |
| Maple Leaf | $998,000 | $1,183,202 | 18% | |
| Westminster-Branson | $556,500 | $618,491 | 18% | |
| Newtonbrook East | $653,500 | $788,365 | 19% | |
| Newtonbrook West | $776,500 | $871,334 | 19% | |
| Hillcrest Village | $781,150 | $1,017,464 | 19% | |
| Pleasant View | $896,500 | $1,049,438 | 20% | |
| Victoria Village | $578,000 | $624,640 | 22% | |
| Parkwoods-Donalda | $675,000 | $949,998 | 22% | |
| Flemingdon Park | $444,000 | $546,409 | 24% | |
| Downsview-Roding-CFB | $712,500 | $892,992 | 24% | |
| York University Heights | $523,500 | $614,638 | 25% | |
| Brookhaven-Amesbury | $810,000 | $1,004,401 | 27% | |
| Humberlea-Pelmo Park W5 | $520,000 | $653,030 | 27% | |
| Humber Summit | $732,500 | $940,232 | 32% | |
| Glenfield-Jane Heights | $735,000 | $924,383 | 34% | |
| North York Total | $665,000 | $758,879 | 17% | |
|
Scarborough
|
Tam O'Shanter-Sullivan | $630,000 | $756,845 | 22% |
| Woburn | $722,000 | $929,516 | 22% | |
| Birchcliffe-Cliffside | $807,521 | $1,014,281 | 22% | |
| Eglinton East | $522,400 | $627,243 | 22% | |
| Steeles | $621,250 | $749,480 | 23% | |
| Agincourt South-Malvern West | $510,000 | $626,415 | 23% | |
| Clairlea-Birchmount | $768,444 | $971,394 | 24% | |
| Cliffcrest | $830,000 | $1,053,854 | 24% | |
| Dorset Park | $619,500 | $783,038 | 25% | |
| Wexford-Maryvale | $825,000 | $1,014,858 | 25% | |
| Highland Creek | $925,000 | $1,208,840 | 25% | |
| Agincourt North | $670,000 | $857,980 | 27% | |
| L'Amoreaux | $623,400 | $748,411 | 27% | |
| Oakridge | $745,000 | $931,954 | 28% | |
| Malvern | $606,944 | $770,303 | 28% | |
| Centennial Scarborough | $825,000 | $1,089,334 | 29% | |
| Kennedy Park | $588,500 | $840,065 | 29% | |
| Milliken | $727,000 | $939,933 | 30% | |
| Rouge E11 | $772,450 | $1,004,552 | 30% | |
| Rouge E10 | $792,500 | $1,053,231 | 30% | |
| Morningside | $625,000 | $761,791 | 30% | |
| West Hill | $665,100 | $869,797 | 30% | |
| Scarborough Village | $460,000 | $636,430 | 31% | |
| Scarborough Total | $710,000 | $915,008 | 25% | |
|
Uptown
|
Yonge-Eglinton | $1,385,000 | $1,454,365 | 4% |
| Lawrence Park North | $1,675,000 | $1,674,635 | 4% | |
| Mount Pleasant West | $685,000 | $719,632 | 5% | |
| Mount Pleasant East | $1,384,500 | $1,424,504 | 5% | |
| Lawrence Park South | $1,838,000 | $1,934,109 | 6% | |
| Forest Hill North | $1,927,500 | $2,178,665 | 11% | |
| Uptown Total | $1,132,000 | $1,229,273 | 5% | |
|
West End
|
High Park North | $1,350,000 | $1,449,212 | 10% |
| Roncesvalles | $1,175,000 | $1,419,458 | 10% | |
| Trinity-Bellwoods | $1,212,500 | $1,364,015 | 11% | |
| High Park-Swansea | $664,000 | $756,406 | 13% | |
| Dovercourt-Wallace Emerson-Junction | $940,000 | $1,179,196 | 13% | |
| Little Portugal | $680,000 | $737,334 | 14% | |
| Runnymede-Bloor West Village | $1,228,000 | $1,391,579 | 14% | |
| Junction Area | $935,250 | $1,153,395 | 15% | |
| Palmerston-Little Italy | $1,450,000 | $1,599,244 | 16% | |
| Dufferin Grove | $1,150,000 | $1,361,618 | 22% | |
| Corso Italia-Davenport | $985,000 | $1,228,139 | 26% | |
| Weston-Pellam Park | $824,000 | $1,018,121 | 27% | |
| West End Total | $953,500 | $1,170,700 | 15% | |
|
York
|
Humewood-Cedarvale | $1,410,000 | $1,518,908 | 8% |
| Briar Hill-Belgravia | $747,509 | $816,856 | 15% | |
| Caledonia-Fairbank | $887,500 | $1,085,983 | 19% | |
| Oakwood-Vaughan | $967,500 | $1,172,996 | 19% | |
| Mount Dennis | $530,000 | $611,817 | 21% | |
| Lambton Baby Point | $1,200,000 | $1,490,598 | 22% | |
| Rockcliffe-Smythe | $720,500 | $933,923 | 26% | |
| Weston | $652,500 | $835,687 | 27% | |
| Keelesdale-Eglinton West | $777,500 | $967,386 | 28% | |
| York Total | $790,000 | $992,324 | 21% |
“There’s been increased and justified conversation around the skyrocketing homes prices in Toronto,” said Anshul Ruparell, Co-founder and CEO of Properly. “But what’s happening is actually the reverse of what we usually assume: that people want to be close to downtown. Old Toronto is seeing the overall lowest appreciation with the City of Toronto. Even within the city core, the more centrally located neighbourhoods that we’ve come to expect high growth from, like the Annex or Trinity Bellwoods, are not disproportionately driving the appreciation.”
Use Properly’s Instant Estimate to get a real-time valuation of your home and see how it compares to the greater City of Toronto trends
About The Data
Properly compared sold prices of homes bought in each TRREB municipality in the 6 months prior to the pandemic (September 2019 - February 2020) to their current Instant Estimate selling price on May 1, 2021. For each individual home, Properly calculated the difference in sold price to the home’s estimated market value in April using its AI-driven Instant Estimate, then provided an average by municipality. Homes over $3.5M and with higher than a 0.35 error rate were removed. Municipalities with under 25 sold properties during the September 2019 - February 2020 period were also removed. Properly Instant Estimate accuracy: R-squared: ~92%, MAPE ~7%.
