Toronto is home to four out of the five neighbourhoods across Canada that saw price growth in the detached home segment, according to a new report by REMAX. Just six per cent, or five of the 83 markets surveyed in Canada, saw detached homes increase in value in the second quarter of 2026. “The bulk of markets reporting price gains were reported in Greater Toronto… with two markets in the central core and two in the West Toronto seeing an uptick in values,” the report read. Here are the five markets that saw price growth: Stonegate-Queensway and Islington City Centre West saw the biggest price gains at 5.2 per cent, with the average price rising from $1.65 million to $1.74 million year-over-year. “Economic uncertainty continues to influence housing activity in the Greater Toronto Area (GTA), although the gap between buyer and seller expectations has started to narrow,” the report read. “Well-priced detached properties attracted stronger interest early in the year, and as the delayed spring market gained momentum, several key markets posted double-digit gains in sales activity.” The report notes that “sales recovery remains selective” despite the fact the region has seen record population growth. “Despite lingering economic uncertainty and weather-related delays earlier in the year, home-buying activity gained momentum in the second quarter of 2026 and is expected to continue through the balance of the year,” the report stated. “However, overall sales remain well below pandemic-era levels and are more consistent with volumes recorded in the early 2000s, a concerning trend given the scale of population growth across the Toronto CMA in recent years.” It goes on to note that softer values have “limited equity growth” for some homeowners, making it difficult to move up in the market. “As a result, underlying housing need is not translating into demand at the pace typically expected in a region that added almost 10 per cent to its population — or 635,923 people — between July 1, 2021, and July 1, 2025,” the report said. “…demand is concentrating in the most affordable pockets of the market, helping to fuel the uptick in detached sales below the $1.2-million threshold.”
