Source: TRREB MarketWatch, April 2018
MLS® Home Price Index
April 2018
What the benchmark is, and why it is the cleaner signal
The average price is the mean of everything that sold, so it moves when the mix of homes changes — a month with more detached sales lifts it even if no individual home got more expensive. The median is the middle sale, which resists outliers but still follows the mix.
The MLS® HPI benchmark instead prices a consistent, typical home for the area and adjusts for its attributes, so a change in the benchmark is closer to a change in price for the same house. That makes its year-over-year figure the most like-for-like price signal on this site — and it is why the benchmark and the average often disagree.
Benchmark against average price
All TRREB areas · 13 months to April 2018
| Month | MLS® HPI benchmark | Average price |
|---|---|---|
| Apr '17 | 811300 | 920791 |
| May '17 | 821400 | 863910 |
| Jun '17 | 810700 | 793915 |
| Jul '17 | 773000 | 746218 |
| Aug '17 | 755400 | 732292 |
| Sep '17 | 750800 | 775546 |
| Oct '17 | 747800 | 780104 |
| Nov '17 | 744700 | 761757 |
| Dec '17 | 743500 | 735021 |
| Jan '18 | 743200 | 736783 |
| Feb '18 | 751700 | 767818 |
| Mar '18 | 760800 | 784558 |
| Apr '18 | 766300 | 804584 |
Where these diverge, the gap is mix: the average is being pulled by what sold that month, while the benchmark holds the home constant.
Composite benchmark by region
13 months to April 2018
| Month | All TRREB | City of Toronto | York | Peel | Durham |
|---|---|---|---|---|---|
| Apr '17 | 811300 | 817000 | no data | no data | no data |
| May '17 | 821400 | 830300 | no data | no data | no data |
| Jun '17 | 810700 | 829500 | no data | no data | no data |
| Jul '17 | 773000 | 807800 | no data | no data | no data |
| Aug '17 | 755400 | 790000 | no data | no data | no data |
| Sep '17 | 750800 | 787700 | no data | no data | no data |
| Oct '17 | 747800 | 790300 | no data | no data | no data |
| Nov '17 | 744700 | 791300 | no data | no data | no data |
| Dec '17 | 743500 | 793900 | no data | no data | no data |
| Jan '18 | 743200 | 794200 | no data | no data | no data |
| Feb '18 | 751700 | 807500 | no data | no data | no data |
| Mar '18 | 760800 | 817800 | no data | no data | no data |
| Apr '18 | 766300 | 830500 | no data | no data | no data |
Movers on the index
Composite, year-over-year
Top 10
- Toronto W01 +11.8% up 11.8%
- Toronto C01 +9.2% up 9.2%
- Toronto W05 +8.9% up 8.9%
- Toronto C11 +7.9% up 7.9%
- Toronto C08 +7.1% up 7.1%
- Toronto C09 +6.1% up 6.1%
- Toronto C10 +5.8% up 5.8%
- Toronto C02 +5.3% up 5.3%
- Toronto W04 +4.8% up 4.8%
- Toronto W10 +4.2% up 4.2%
Bottom 10
- Toronto W07 −8.4% down 8.4%
- Toronto C12 −8.0% down 8.0%
- Toronto E05 −7.4% down 7.4%
- Toronto C13 −6.8% down 6.8%
- Toronto E10 −6.7% down 6.7%
- Toronto C06 −6.7% down 6.7%
- Toronto E06 −5.4% down 5.4%
- Toronto C15 −5.2% down 5.2%
- Toronto C04 −5.0% down 5.0%
- Toronto E03 −3.7% down 3.7%
Apartment, year-over-year
Top 10
- Toronto W05 +29.7% up 29.7%
- Toronto E11 +22.6% up 22.6%
- Toronto E01 +22.3% up 22.3%
- Toronto E10 +21.9% up 21.9%
- Toronto E08 +21.4% up 21.4%
- Toronto E09 +19.5% up 19.5%
- Toronto E05 +19.0% up 19.0%
- Toronto E04 +18.9% up 18.9%
- Toronto W04 +18.5% up 18.5%
- Toronto C11 +17.8% up 17.8%
Bottom 10
- Toronto E02 −0.1% down 0.1%
- Toronto E06 +6.3% up 6.3%
- Toronto W09 +6.5% up 6.5%
- Toronto C14 +7.1% up 7.1%
- Toronto C06 +7.9% up 7.9%
- Toronto W07 +8.0% up 8.0%
- Toronto E03 +8.3% up 8.3%
- Toronto C08 +8.4% up 8.4%
- Toronto W10 +8.6% up 8.6%
- Toronto C03 +9.4% up 9.4%
Every area
37 areas × five categories · sorted by composite benchmark
| Area | Composite | YoY | MoM | Single-family detached | YoY | MoM | Single-family attached | YoY | MoM | Townhouse | YoY | MoM | Apartment | YoY | MoM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Toronto C12 | $1,859,900 | −8.0% down 8.0% | −0.5% down 0.5% versus March 2018 | $2,139,200 | −15.7% down 15.7% | −0.4% down 0.4% versus March 2018 | $1,067,400 | −17.4% down 17.4% | +0.2% up 0.2% versus March 2018 | $824,600 | −6.7% down 6.7% | −5.4% down 5.4% versus March 2018 | $865,700 | +14.3% up 14.3% | +2.0% up 2.0% versus March 2018 |
| Toronto C03 | $1,535,100 | +1.0% up 1.0% | +1.0% up 1.0% versus March 2018 | $1,690,700 | −2.8% down 2.8% | +2.0% up 2.0% versus March 2018 | $1,095,400 | −2.2% down 2.2% | +2.3% up 2.3% versus March 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus March 2018 | $842,000 | +9.4% up 9.4% | −2.6% down 2.6% versus March 2018 |
| Toronto C04 | $1,495,300 | −5.0% down 5.0% | −1.2% down 1.2% versus March 2018 | $1,702,900 | −8.6% down 8.6% | −1.9% down 1.9% versus March 2018 | $1,134,800 | −10.8% down 10.8% | −0.6% down 0.6% versus March 2018 | $1,093,200 | +7.0% up 7.0% | +0.3% up 0.3% versus March 2018 | $545,400 | +13.1% up 13.1% | +0.9% up 0.9% versus March 2018 |
| Toronto C09 | $1,263,500 | +6.1% up 6.1% | +0.8% up 0.8% versus March 2018 | $1,761,100 | −6.3% down 6.3% | +0.2% up 0.2% versus March 2018 | $1,267,800 | −4.8% down 4.8% | −0.5% down 0.5% versus March 2018 | $1,644,700 | +15.5% up 15.5% | +9.0% up 9.0% versus March 2018 | $659,000 | +12.2% up 12.2% | +0.3% up 0.3% versus March 2018 |
| Toronto C02 | $1,255,600 | +5.3% up 5.3% | +5.0% up 5.0% versus March 2018 | $1,890,400 | −1.5% down 1.5% | +5.3% up 5.3% versus March 2018 | $1,436,000 | −1.8% down 1.8% | +6.1% up 6.1% versus March 2018 | $1,232,100 | +3.5% up 3.5% | +3.1% up 3.1% versus March 2018 | $734,200 | +13.2% up 13.2% | +4.4% up 4.4% versus March 2018 |
| Toronto E02 | $1,049,900 | +1.7% up 1.7% | +1.2% up 1.2% versus March 2018 | $1,116,300 | +1.4% up 1.4% | +0.5% up 0.5% versus March 2018 | $990,900 | +1.6% up 1.6% | +1.5% up 1.5% versus March 2018 | $894,400 | +0.3% up 0.3% | +0.6% up 0.6% versus March 2018 | $694,400 | −0.1% down 0.1% | +1.6% up 1.6% versus March 2018 |
| Toronto C10 | $1,040,800 | +5.8% up 5.8% | +2.5% up 2.5% versus March 2018 | $1,525,000 | −10.0% down 10.0% | +0.5% up 0.5% versus March 2018 | $1,174,300 | −9.8% down 9.8% | +0.8% up 0.8% versus March 2018 | $794,500 | +8.9% up 8.9% | +6.0% up 6.0% versus March 2018 | $664,300 | +14.7% up 14.7% | +3.0% up 3.0% versus March 2018 |
| Toronto C06 | $1,028,500 | −6.7% down 6.7% | −2.7% down 2.7% versus March 2018 | $1,098,600 | −17.6% down 17.6% | −1.7% down 1.7% versus March 2018 | $782,800 | −8.3% down 8.3% | −5.2% down 5.2% versus March 2018 | $676,400 | +14.9% up 14.9% | +5.8% up 5.8% versus March 2018 | $604,000 | +7.9% up 7.9% | −4.0% down 4.0% versus March 2018 |
| Toronto E01 | $1,019,700 | +3.3% up 3.3% | +4.5% up 4.5% versus March 2018 | $1,130,600 | −1.0% down 1.0% | +4.3% up 4.3% versus March 2018 | $1,035,600 | −0.5% down 0.5% | +4.2% up 4.2% versus March 2018 | $682,800 | +2.6% up 2.6% | +3.5% up 3.5% versus March 2018 | $734,600 | +22.3% up 22.3% | +5.7% up 5.7% versus March 2018 |
| Toronto W01 | $985,800 | +11.8% up 11.8% | +5.7% up 5.7% versus March 2018 | $1,254,400 | +10.3% up 10.3% | +4.4% up 4.4% versus March 2018 | $1,012,600 | +9.3% up 9.3% | +5.6% up 5.6% versus March 2018 | $526,000 | +14.6% up 14.6% | +3.6% up 3.6% versus March 2018 | $546,700 | +12.9% up 12.9% | +6.6% up 6.6% versus March 2018 |
| Toronto W07 | $978,200 | −8.4% down 8.4% | +0.8% up 0.8% versus March 2018 | $1,046,700 | −10.0% down 10.0% | +0.5% up 0.5% versus March 2018 | $867,200 | −5.2% down 5.2% | −1.4% down 1.4% versus March 2018 | $0 | −100.0% down 100.0% | n/a not available, prior month not on file versus March 2018 | $612,700 | +8.0% up 8.0% | +4.3% up 4.3% versus March 2018 |
| Toronto W02 | $944,000 | +1.6% up 1.6% | +1.2% up 1.2% versus March 2018 | $1,063,500 | −2.9% down 2.9% | no change no change versus March 2018 | $889,200 | −2.9% down 2.9% | +1.0% up 1.0% versus March 2018 | $634,100 | +10.3% up 10.3% | +5.4% up 5.4% versus March 2018 | $559,800 | +14.1% up 14.1% | +1.4% up 1.4% versus March 2018 |
| Toronto C11 | $920,000 | +7.9% up 7.9% | +2.6% up 2.6% versus March 2018 | $1,445,500 | −5.7% down 5.7% | −0.4% down 0.4% versus March 2018 | $1,050,300 | −5.7% down 5.7% | −0.2% down 0.2% versus March 2018 | $364,800 | −5.9% down 5.9% | −4.2% down 4.2% versus March 2018 | $437,600 | +17.8% up 17.8% | +4.8% up 4.8% versus March 2018 |
| Toronto C07 | $886,700 | −2.8% down 2.8% | +0.2% up 0.2% versus March 2018 | $1,338,500 | −15.5% down 15.5% | −0.0% down 0.0% versus March 2018 | $756,500 | −15.3% down 15.3% | −0.4% down 0.4% versus March 2018 | $700,700 | +13.7% up 13.7% | +5.7% up 5.7% versus March 2018 | $581,400 | +11.1% up 11.1% | +0.2% up 0.2% versus March 2018 |
| Toronto C13 | $874,100 | −6.8% down 6.8% | +0.8% up 0.8% versus March 2018 | $1,339,600 | −20.1% down 20.1% | −0.8% down 0.8% versus March 2018 | $721,100 | −19.4% down 19.4% | −0.2% down 0.2% versus March 2018 | $672,700 | −5.8% down 5.8% | −6.1% down 6.1% versus March 2018 | $469,400 | +15.7% up 15.7% | +2.8% up 2.8% versus March 2018 |
| Toronto C14 | $872,400 | −1.9% down 1.9% | +1.6% up 1.6% versus March 2018 | $1,595,400 | −18.8% down 18.8% | +2.4% up 2.4% versus March 2018 | $1,148,700 | −17.1% down 17.1% | +3.2% up 3.2% versus March 2018 | $830,800 | +2.0% up 2.0% | +0.8% up 0.8% versus March 2018 | $642,700 | +7.1% up 7.1% | +1.4% up 1.4% versus March 2018 |
| Toronto W08 | $854,000 | +1.8% up 1.8% | +1.8% up 1.8% versus March 2018 | $1,102,400 | −8.1% down 8.1% | +0.2% up 0.2% versus March 2018 | $770,600 | −4.7% down 4.7% | −0.8% down 0.8% versus March 2018 | $556,300 | +10.7% up 10.7% | +6.0% up 6.0% versus March 2018 | $450,400 | +11.2% up 11.2% | +2.9% up 2.9% versus March 2018 |
| City of Toronto | $830,500 | +1.6% up 1.6% | +1.6% up 1.6% versus March 2018 | $1,109,700 | −9.6% down 9.6% | +0.8% up 0.8% versus March 2018 | $878,100 | −4.5% down 4.5% | +1.7% up 1.7% versus March 2018 | $620,800 | +3.7% up 3.7% | +2.3% up 2.3% versus March 2018 | $523,000 | +12.3% up 12.3% | +1.8% up 1.8% versus March 2018 |
| Toronto E03 | $819,800 | −3.7% down 3.7% | +2.1% up 2.1% versus March 2018 | $933,200 | −4.9% down 4.9% | +2.0% up 2.0% versus March 2018 | $844,500 | −3.8% down 3.8% | +2.2% up 2.2% versus March 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus March 2018 | $336,900 | +8.3% up 8.3% | +2.7% up 2.7% versus March 2018 |
| Toronto C15 | $803,200 | −5.2% down 5.2% | +0.8% up 0.8% versus March 2018 | $1,416,100 | −20.0% down 20.0% | +0.9% up 0.9% versus March 2018 | $807,200 | −21.4% down 21.4% | +0.5% up 0.5% versus March 2018 | $654,100 | −2.3% down 2.3% | +1.6% up 1.6% versus March 2018 | $512,700 | +16.1% up 16.1% | +0.9% up 0.9% versus March 2018 |
| All TRREB Areas | $766,300 | −5.2% down 5.2% | +0.7% up 0.7% versus March 2018 | $927,800 | −10.3% down 10.3% | +0.3% up 0.3% versus March 2018 | $715,600 | −8.8% down 8.8% | +0.5% up 0.5% versus March 2018 | $561,500 | −2.6% down 2.6% | +0.7% up 0.7% versus March 2018 | $495,600 | +10.2% up 10.2% | +1.6% up 1.6% versus March 2018 |
| Toronto E06 | $734,000 | −5.4% down 5.4% | +4.2% up 4.2% versus March 2018 | $758,300 | −6.8% down 6.8% | +4.3% up 4.3% versus March 2018 | $646,300 | −4.0% down 4.0% | +5.9% up 5.9% versus March 2018 | $596,500 | +4.1% up 4.1% | +4.8% up 4.8% versus March 2018 | $514,900 | +6.3% up 6.3% | +3.6% up 3.6% versus March 2018 |
| Toronto W03 | $731,500 | +1.1% up 1.1% | +2.4% up 2.4% versus March 2018 | $777,800 | −0.7% down 0.7% | +2.2% up 2.2% versus March 2018 | $720,800 | −0.6% down 0.6% | +2.0% up 2.0% versus March 2018 | $551,200 | +15.1% up 15.1% | +6.6% up 6.6% versus March 2018 | $452,100 | +14.2% up 14.2% | +4.1% up 4.1% versus March 2018 |
| Toronto E10 | $716,700 | −6.7% down 6.7% | +3.3% up 3.3% versus March 2018 | $790,500 | −9.4% down 9.4% | +3.7% up 3.7% versus March 2018 | $617,700 | −6.7% down 6.7% | +5.0% up 5.0% versus March 2018 | $517,100 | −2.3% down 2.3% | +0.2% up 0.2% versus March 2018 | $400,400 | +21.9% up 21.9% | +2.8% up 2.8% versus March 2018 |
| Toronto C01 | $702,600 | +9.2% up 9.2% | +2.3% up 2.3% versus March 2018 | $1,079,700 | +2.6% up 2.6% | +2.2% up 2.2% versus March 2018 | $962,700 | +2.0% up 2.0% | +1.2% up 1.2% versus March 2018 | $774,200 | +4.0% up 4.0% | +3.3% up 3.3% versus March 2018 | $590,800 | +10.2% up 10.2% | +2.3% up 2.3% versus March 2018 |
| Toronto C08 | $686,900 | +7.1% up 7.1% | +1.2% up 1.2% versus March 2018 | $1,551,900 | −6.1% down 6.1% | +3.2% up 3.2% versus March 2018 | $1,248,400 | −7.5% down 7.5% | +3.0% up 3.0% versus March 2018 | $704,600 | +8.3% up 8.3% | +4.1% up 4.1% versus March 2018 | $566,800 | +8.4% up 8.4% | +1.0% up 1.0% versus March 2018 |
| Toronto W04 | $641,300 | +4.8% up 4.8% | +0.8% up 0.8% versus March 2018 | $793,300 | −1.8% down 1.8% | +0.7% up 0.7% versus March 2018 | $696,000 | +1.7% up 1.7% | −0.6% down 0.6% versus March 2018 | $541,400 | +15.2% up 15.2% | +4.4% up 4.4% versus March 2018 | $368,300 | +18.5% up 18.5% | +0.5% up 0.5% versus March 2018 |
| Toronto E05 | $636,300 | −7.4% down 7.4% | −1.1% down 1.1% versus March 2018 | $885,000 | −19.6% down 19.6% | −0.4% down 0.4% versus March 2018 | $663,200 | −21.2% down 21.2% | −1.0% down 1.0% versus March 2018 | $534,800 | −5.7% down 5.7% | −0.3% down 0.3% versus March 2018 | $454,100 | +19.0% up 19.0% | −2.5% down 2.5% versus March 2018 |
| Toronto E04 | $630,100 | −2.7% down 2.7% | +1.4% up 1.4% versus March 2018 | $719,700 | −12.3% down 12.3% | +0.7% up 0.7% versus March 2018 | $614,500 | −9.0% down 9.0% | +2.7% up 2.7% versus March 2018 | $510,300 | +0.3% up 0.3% | +0.9% up 0.9% versus March 2018 | $432,800 | +18.9% up 18.9% | +1.9% up 1.9% versus March 2018 |
| Toronto E07 | $629,700 | −1.0% down 1.0% | +0.0% up 0.0% versus March 2018 | $861,000 | −13.5% down 13.5% | −0.3% down 0.3% versus March 2018 | $658,200 | −12.6% down 12.6% | −0.0% down 0.0% versus March 2018 | $552,200 | −5.0% down 5.0% | −0.2% down 0.2% versus March 2018 | $435,200 | +17.1% up 17.1% | +0.6% up 0.6% versus March 2018 |
| Toronto E08 | $627,900 | +1.3% up 1.3% | +3.0% up 3.0% versus March 2018 | $791,400 | −8.3% down 8.3% | +2.7% up 2.7% versus March 2018 | $605,000 | −3.1% down 3.1% | +5.4% up 5.4% versus March 2018 | $503,300 | +3.2% up 3.2% | +0.5% up 0.5% versus March 2018 | $439,800 | +21.4% up 21.4% | +3.6% up 3.6% versus March 2018 |
| Toronto W06 | $598,900 | +1.0% up 1.0% | +0.7% up 0.7% versus March 2018 | $845,800 | −10.2% down 10.2% | −0.8% down 0.8% versus March 2018 | $651,500 | −6.2% down 6.2% | −2.2% down 2.2% versus March 2018 | $840,200 | +5.6% up 5.6% | +5.6% up 5.6% versus March 2018 | $437,600 | +15.2% up 15.2% | +1.3% up 1.3% versus March 2018 |
| Toronto E09 | $590,100 | +0.2% up 0.2% | +1.7% up 1.7% versus March 2018 | $688,300 | −14.4% down 14.4% | +1.2% up 1.2% versus March 2018 | $570,600 | −11.7% down 11.7% | +1.7% up 1.7% versus March 2018 | $496,400 | +0.4% up 0.4% | +0.3% up 0.3% versus March 2018 | $466,700 | +19.5% up 19.5% | +2.4% up 2.4% versus March 2018 |
| Toronto W09 | $579,500 | −0.1% down 0.1% | +1.9% up 1.9% versus March 2018 | $852,500 | −6.4% down 6.4% | +1.6% up 1.6% versus March 2018 | $596,100 | +1.0% up 1.0% | +4.0% up 4.0% versus March 2018 | $686,600 | +15.1% up 15.1% | +5.0% up 5.0% versus March 2018 | $287,800 | +6.5% up 6.5% | +1.6% up 1.6% versus March 2018 |
| Toronto E11 | $564,100 | +2.9% up 2.9% | −0.2% down 0.2% versus March 2018 | $728,200 | −5.6% down 5.6% | −0.8% down 0.8% versus March 2018 | $579,100 | −4.7% down 4.7% | −1.1% down 1.1% versus March 2018 | $406,100 | +6.2% up 6.2% | +3.6% up 3.6% versus March 2018 | $437,100 | +22.6% up 22.6% | −0.7% down 0.7% versus March 2018 |
| Toronto W05 | $557,100 | +8.9% up 8.9% | +0.7% up 0.7% versus March 2018 | $797,600 | −1.1% down 1.1% | −0.9% down 0.9% versus March 2018 | $646,500 | −0.9% down 0.9% | −0.8% down 0.8% versus March 2018 | $416,000 | +15.5% up 15.5% | +3.3% up 3.3% versus March 2018 | $325,600 | +29.7% up 29.7% | +1.9% up 1.9% versus March 2018 |
| Toronto W10 | $550,300 | +4.2% up 4.2% | +0.3% up 0.3% versus March 2018 | $738,600 | +0.3% up 0.3% | −0.1% down 0.1% versus March 2018 | $636,200 | +1.4% up 1.4% | +0.2% up 0.2% versus March 2018 | $446,400 | +11.8% up 11.8% | +0.5% up 0.5% versus March 2018 | $330,300 | +8.6% up 8.6% | +0.7% up 0.7% versus March 2018 |
Year-over-year is TRREB's own published figure. Month-over-month is computed here from the prior month's benchmark, because TRREB does not print it.