Jul 2026
Average Price
$1,009,925
Based on the latest Etobicoke housing market report, the current balance between sales and active listings is clearly favouring buyers. Let’s take a closer look -
Compared to the peak pandemic phase, market activity in Etobicoke has significantly slowed, giving buyers more breathing room with less competition and fewer bidding wars. On the supply side, the number of homes on the market is much higher than what we saw during the tight seller-driven stretch. Simply put, buyers can now take their time, read between the lines in listings, smartly narrow down their choices, and negotiate terms that work in their favour.
With historically low interest rates in play, housing demand stayed strong in Etobicoke. In several months, sales crossed the 1,000 mark. At the same time, the number of homes available continued to grow, showing that supply was expanding alongside demand.
After mid-2017, sales began to come down from earlier highs, mostly staying between 450 and 1,000 units. At the same time, Etobicoke real estate statistics show that active listings gradually moved lower, shifting from above 4,300 toward the 2,500-4,000 range by 2019.
Early 2020 saw a sharp but short-lived drop in sales due to pandemic uncertainty. However, as interest rates dropped and demand strengthened, activity rebounded quickly. By March 2021, sales reached 1,388 transactions - the highest level recorded in the decade. During this stretch, we saw a sharp jump in sales of houses, especially for detached homes, driven by a shift in lifestyle preferences. Active listings, meanwhile, moved in the opposite direction, moving from above 4,000 units in 2020 to below 3,000 in certain months in 2021.
Following the early 2021 peak, sales started to move lower from their earlier highs as interest rates increased. Transaction volumes mostly stayed between 350 and 1,000 units, with 2024 seeing sales remain below 800 units. Now, when it comes to active listings, they stayed relatively tight, mostly between 2,000 and 4,000 units from mid-2021 to 2022. In 2023, listings eased to around 1,800-3,500 units before slightly climbing again in 2024.
Available inventory steadily moved lower, from around 2,000-2,600 in mid-2025 to about 1,955 units by April 2026 in the Etobicoke real estate market. During this time, sales remained relatively modest, generally ranging between 200 and 320 per month, without any major spikes.
In 2016, the absorption rate mostly stayed in the 70%-75% range, clearly showing demand ahead of supply. Moving into 2017, housing market activity remained strong but showed a wider range, sitting between roughly 40% and 80%.
The Etobicoke housing market’s absorption rate generally stayed in the 50%-70% range, pointing to a more even market between buyers and sellers.
During this stretch, the absorption rate often stayed between 50% and 95%, with multiple months crossing 80%, showing strong demand and tighter conditions favouring sellers.
The Etobicoke housing market trends showed changing market conditions, with the absorption rate largely staying between 40% and 70%. Later in 2023, activity slowed, with the absorption rate at 29.74% in September 2023.
From 2024 onward, the absorption rate has mostly stayed between 30% and 50%. There are a few months that stand out, like November 2024 at 62.12%, but overall, the market is leaning more toward buyers compared to earlier years. As per the Etobicoke housing market forecast, strong activity is not expected through 2026, meaning the market will likely remain in favour of buyers.
Source: Based on analysis of historical information made available from respective real estate boards.
Detached homes recorded 28,886 sales, with an average price of about $1.31M, making them the most expensive option among all property types.
A total of 8,720 semi-detached houses were sold, with prices averaging around $991K.
There were 2,769 freehold townhouse transactions in the Etobicoke property market. However, even with fewer sales, freehold townhouses remain on the higher side of pricing (average sale price - $1M) out of townhouses for sale, due to the perk of full ownership.
Condo townhouses accounted for 6,716 sales, with average prices around $687K.
Condo apartments led the market with 32,827 sales, with an average price of about $577K, making them the most widely purchased housing type and the most affordable option among all categories.
Take a closer look at the Etobicoke housing market, and you’ll clearly notice two key factors shaping it: strong long-term performance and relative affordability. Let’s start with the first. Etobicoke’s prime location, strong connectivity, and, of course, affordability, have helped keep its housing demand steady and prices moving higher, making this city one of the top choices for real estate investment. Over the past ten years, home prices in Etobicoke have increased by 49.10%.
Not just this factor, the Etobicoke property market is also known for offering homes at relatively lower prices, especially when compared to Toronto. And in recent years, this housing market has become even more budget-friendly. That’s right! Since the pandemic, housing markets across Ontario, including Etobicoke, have entered a correction phase, bringing prices significantly down. Right now, the average house price in Etobicoke is down 4.31% year-over-year and on a year-to-date basis, they have shown a modest increase of 2.52%. Add to this the fact that Etobicoke homes are taking longer to sell than before, giving buyers another layer of opportunity.
Starting at around $680K in March 2016, prices moved past the $700K mark by late 2016 and continued climbing into 2017. By March 2017, the average home price had reached roughly $892.29K.
The market took a turn as tighter mortgage rules and higher mortgage rates came into effect. In mid-2017, Etobicoke home prices had come down to around $730K, followed by a phase of ups and downs in pricing.
By mid to late 2019, prices were consistently nearing $900K, and this trend continued into early 2020.
Lower interest rates and a heated housing market gave prices a strong push. During this period, property prices mostly stayed between $950K and $1.20M. In March 2022, Etobicoke home prices reached $1.22M, marking the highest average price in this entire timeline.
As interest rates rose, the rapid upward run in average prices began to slow. Prices dropped through the rest of 2022, falling below $1M by year-end. In 2023, they moved back above $1M in several months and through 2024, prices stayed close to the $1M-$1.10M range. In 2025 and early 2026, prices eased again, with several months recording prices below $1M. As of April 2026, the Etobicoke real estate market prices stand at $1.02M.
The short-term correction and rebalancing in the broader Etobicoke real estate market has carried into the rental segment. Right now, average rental prices are down 8.70% year-over-year. However, here’s what investors should keep on their radar - the long-term trend in the Etobicoke rental market remains strong. In fact, over the past five years, rents have gone up by 19.07%, and over a ten-year stretch, they have shown steady growth of 37.15%.
Leasing activity remained fairly consistent, typically falling between 260 and 570 transactions. Rents moved from around $2,000 to roughly $2,400-$2,500, showing a gradual strength in pricing.
Early 2020 brought a sharp but short-lived drop in the Etobicoke rental housing market, with April 2020 marking a noticeable dip. However, soon after, activity picked up pace again, climbing back to around 500-650 leases in the months that followed. Rental prices, meanwhile, moved up and down in 2020 but largely stayed within the $2,400-$2,500 range, without a clear upward trend. Moving into early 2021, prices slightly dipped, touching one of the lowest points at around $2,312 in March 2021, before moving back near the $2,500-$2,600 range by late 2021.
According to the Etobicoke housing market report, leasing activity often stayed above 500 units and reached a decade high of 837 leases in July 2022. At the same time, prices moved up steadily, rising from around $2,450 to approximately $3,000.
Through 2024, rent levels stayed elevated, frequently sitting close to or above $3,000 in several months. Activity also remained strong during this time, generally ranging between 650 and 800 transactions.
Monthly leasing activity settled into the 330-600 range, while rents eased from above $3,200 in mid-2025 to around $2,800-$2,900 by early 2026.