Ontario Housing Market Report

Average Home Prices in Ontario for September 2025

Historical Average Home Prices in Ontario

View Home Listings in Ontario

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The average home price in the GTA in September 2025 was $1,059,377, down 4.3% year-over-year and up 3.6% monthly. The City of Toronto’s average home price is $1,089,918, down 2.1% year-over-year.

Some suburban areas, such as Mississauga and Brampton, are experiencing larger year-over-year price declines, with Mississauga average home prices down 7.6% year-over-year to $969,501. Similarly, the average Brampton home price is down 10.3% year-over-year to $928,542. Vaughan home prices are down 8.4% year-over-year, while Richmond Hill home prices are down 3.0% year-over-year.

Out west, Burlington home prices are down 8.3% annually, while Oakville home prices are down 11.7% annually.

Ottawa's housing market had an average home price of $690,397, up 0.7% year-over-year and up 0.6% month-over-month. Ottawa’s benchmark home price has also increased year-over-year, up 1.1% to $627,200. Ottawa’s robust job market, particularly in the public sector, and high quality of life make it an attractive destination for Ontario homebuyers.

Kitchener-Waterloo and London have seen significant growth in the past few years, with their tech sectors attracting young professionals, although home price growth is slowing. The average home price in the Kitchener-Waterloo-Cambridge Region is now $753,162, down 4.5% year-over-year. In London’s housing market, the average home price is $622,805, down 2.9% year-over-year.

Central Ontario remains the most expensive region in the province, with an average home price of $1,070,950 in September 2025, down 4.4% year-over-year. Anchored by Toronto, the region continues to grapple with significant affordability challenges, despite further price softening since the market peak in 2022.

Southern Ontario, which includes Hamilton, shows a more moderate decline of 2.1%, with average prices settling at $760,938. This area has long been a popular alternative for those priced out of Toronto.

Northeastern Ontario home prices are down 8.3% year-over-year, bringing the average home price to $757,812, marking the steepest annual price decline among Ontario’s housing regions for September 2025. In contrast, Eastern Ontario, which includes Ottawa, is showing some resilience as prices have instead increased 0.7% year-over-year to $629,273. Ottawa’s large public sector presence continues to offer some price stability despite broader provincial softness.

Western Ontario, which includes London, has experienced a modest decline of 0.9% year-over-year, with average prices at $590,036. Western Ontario has historically been more affordable compared to the Greater Toronto Area. Meanwhile, Northern Ontario remains the most affordable region, with prices averaging $409,419 after a 6.2% annual increase, reflecting relative price stability in markets like Sudbury compared to the GTA. Eastern and Northern Ontario are the only regions in the province to see an annual increase in their average home price compared to September 2024.

Despite multiple interest rate cuts from the Bank of Canada between June 2024 and March 2025, Ontario's market has failed to respond positively, unlike many other provinces. Many of Ontario’s major cities, particularly around the GTHA, are in buyer's market territory, while many other Canadian provinces are in seller's markets with sales-to-new-listings ratios above 60%. Unaffordability and economic uncertainty, particularly related to tariff concerns, appear to weigh heavily on buyer confidence in Ontario's markets.