Source: TRREB MarketWatch, July 2018
MLS® Home Price Index
July 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 July 2018
| Month | MLS® HPI benchmark | Average price |
|---|---|---|
| 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 |
| May '18 | 770900 | 809305 |
| Jun '18 | 772100 | 807871 |
| Jul '18 | 768400 | 782129 |
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 July 2018
| Month | All TRREB | City of Toronto | York | Peel | Durham |
|---|---|---|---|---|---|
| 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 |
| May '18 | 770900 | 839800 | no data | no data | no data |
| Jun '18 | 772100 | 840200 | no data | no data | no data |
| Jul '18 | 768400 | 838900 | no data | no data | no data |
Movers on the index
Composite, year-over-year
Top 10
- Toronto C09 +11.9% up 11.9%
- Toronto C01 +11.5% up 11.5%
- Toronto W01 +11.5% up 11.5%
- Toronto C11 +10.3% up 10.3%
- Toronto C08 +9.6% up 9.6%
- Toronto W08 +8.0% up 8.0%
- Toronto E01 +7.9% up 7.9%
- Toronto W09 +7.3% up 7.3%
- Toronto W02 +6.3% up 6.3%
- Toronto W06 +5.6% up 5.6%
Bottom 10
- Toronto C15 −4.3% down 4.3%
- Toronto C12 −4.3% down 4.3%
- Toronto C13 −4.1% down 4.1%
- Toronto E10 −3.7% down 3.7%
- Toronto C07 −3.7% down 3.7%
- Toronto E07 −3.5% down 3.5%
- Toronto E05 −3.3% down 3.3%
- Toronto C06 −1.0% down 1.0%
- Toronto W10 −0.3% down 0.3%
- Toronto E11 −0.2% down 0.2%
Apartment, year-over-year
Top 10
- Toronto W05 +17.5% up 17.5%
- Toronto E03 +17.0% up 17.0%
- Toronto C11 +14.5% up 14.5%
- Toronto C09 +14.3% up 14.3%
- Toronto E06 +14.3% up 14.3%
- Toronto E01 +13.9% up 13.9%
- Toronto W08 +13.1% up 13.1%
- Toronto C01 +12.9% up 12.9%
- Toronto W02 +12.8% up 12.8%
- Toronto W01 +12.4% up 12.4%
Bottom 10
- Toronto W10 −0.2% down 0.2%
- Toronto E11 +0.6% up 0.6%
- Toronto E05 +4.2% up 4.2%
- Toronto C03 +4.3% up 4.3%
- Toronto C12 +4.7% up 4.7%
- Toronto C15 +4.8% up 4.8%
- Toronto C02 +5.6% up 5.6%
- Toronto C07 +5.9% up 5.9%
- Toronto E07 +6.5% up 6.5%
- Toronto C04 +6.8% up 6.8%
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 | $1,863,300 | −4.3% down 4.3% | −0.5% down 0.5% versus June 2018 | $2,144,600 | −8.7% down 8.7% | +0.2% up 0.2% versus June 2018 | $1,079,100 | −10.5% down 10.5% | −1.0% down 1.0% versus June 2018 | $843,400 | −2.7% down 2.7% | −0.1% down 0.1% versus June 2018 | $847,500 | +4.7% up 4.7% | −2.5% down 2.5% versus June 2018 |
| Toronto C04 | $1,524,300 | +0.0% up 0.0% | +0.2% up 0.2% versus June 2018 | $1,755,700 | −1.1% down 1.1% | +0.3% up 0.3% versus June 2018 | $1,151,700 | −2.6% down 2.6% | −0.8% down 0.8% versus June 2018 | $1,145,400 | −4.6% down 4.6% | +0.6% up 0.6% versus June 2018 | $540,500 | +6.8% up 6.8% | +0.3% up 0.3% versus June 2018 |
| Toronto C03 | $1,522,500 | +0.6% up 0.6% | −0.6% down 0.6% versus June 2018 | $1,646,400 | −2.1% down 2.1% | −1.0% down 1.0% versus June 2018 | $1,058,300 | −0.5% down 0.5% | −0.5% down 0.5% versus June 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus June 2018 | $874,100 | +4.3% up 4.3% | −0.8% down 0.8% versus June 2018 |
| Toronto C09 | $1,341,400 | +11.9% up 11.9% | +2.2% up 2.2% versus June 2018 | $1,743,600 | +3.4% up 3.4% | −0.8% down 0.8% versus June 2018 | $1,242,600 | +2.0% up 2.0% | −0.8% down 0.8% versus June 2018 | $1,536,800 | +4.6% up 4.6% | −4.9% down 4.9% versus June 2018 | $729,900 | +14.3% up 14.3% | +4.9% up 4.9% versus June 2018 |
| Toronto C02 | $1,241,700 | +1.9% up 1.9% | −1.0% down 1.0% versus June 2018 | $1,850,400 | −2.2% down 2.2% | −1.0% down 1.0% versus June 2018 | $1,411,300 | −1.0% down 1.0% | −1.8% down 1.8% versus June 2018 | $1,195,900 | −1.1% down 1.1% | −3.5% down 3.5% versus June 2018 | $733,900 | +5.6% up 5.6% | −0.3% down 0.3% versus June 2018 |
| Toronto E02 | $1,072,000 | +5.3% up 5.3% | −0.6% down 0.6% versus June 2018 | $1,132,700 | +5.3% up 5.3% | −1.0% down 1.0% versus June 2018 | $1,004,600 | +5.7% up 5.7% | −0.4% down 0.4% versus June 2018 | $919,300 | −1.2% down 1.2% | +0.5% up 0.5% versus June 2018 | $743,100 | +9.0% up 9.0% | +1.0% up 1.0% versus June 2018 |
| Toronto C06 | $1,070,100 | −1.0% down 1.0% | −1.3% down 1.3% versus June 2018 | $1,127,200 | −11.1% down 11.1% | −1.7% down 1.7% versus June 2018 | $760,900 | −10.1% down 10.1% | −2.4% down 2.4% versus June 2018 | $660,300 | −1.0% down 1.0% | −0.6% down 0.6% versus June 2018 | $637,600 | +11.4% up 11.4% | −1.1% down 1.1% versus June 2018 |
| Toronto E01 | $1,034,400 | +7.9% up 7.9% | −0.6% down 0.6% versus June 2018 | $1,140,100 | +5.8% up 5.8% | −1.3% down 1.3% versus June 2018 | $1,061,500 | +8.1% up 8.1% | −1.5% down 1.5% versus June 2018 | $676,600 | −1.3% down 1.3% | −1.2% down 1.2% versus June 2018 | $737,500 | +13.9% up 13.9% | +2.6% up 2.6% versus June 2018 |
| Toronto C10 | $1,032,200 | +4.0% up 4.0% | −1.1% down 1.1% versus June 2018 | $1,517,600 | −6.6% down 6.6% | −1.8% down 1.8% versus June 2018 | $1,161,400 | −7.5% down 7.5% | −1.0% down 1.0% versus June 2018 | $771,200 | +0.7% up 0.7% | −2.7% down 2.7% versus June 2018 | $658,400 | +9.9% up 9.9% | −0.6% down 0.6% versus June 2018 |
| Toronto W07 | $1,004,800 | +2.9% up 2.9% | +0.2% up 0.2% versus June 2018 | $1,080,900 | +3.0% up 3.0% | +0.5% up 0.5% versus June 2018 | $898,800 | +1.6% up 1.6% | −0.4% down 0.4% versus June 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus June 2018 | $626,900 | +10.0% up 10.0% | −0.8% down 0.8% versus June 2018 |
| Toronto W01 | $1,000,300 | +11.5% up 11.5% | −1.2% down 1.2% versus June 2018 | $1,266,900 | +10.9% up 10.9% | −1.7% down 1.7% versus June 2018 | $1,003,300 | +8.2% up 8.2% | −2.4% down 2.4% versus June 2018 | $555,600 | +11.2% up 11.2% | +1.7% up 1.7% versus June 2018 | $555,300 | +12.4% up 12.4% | −1.1% down 1.1% versus June 2018 |
| Toronto W02 | $973,500 | +6.3% up 6.3% | +0.4% up 0.4% versus June 2018 | $1,089,300 | +3.5% up 3.5% | −0.7% down 0.7% versus June 2018 | $918,600 | +5.8% up 5.8% | +1.6% up 1.6% versus June 2018 | $633,400 | +3.3% up 3.3% | −0.7% down 0.7% versus June 2018 | $588,600 | +12.8% up 12.8% | +0.5% up 0.5% versus June 2018 |
| Toronto C11 | $941,300 | +10.3% up 10.3% | +0.3% up 0.3% versus June 2018 | $1,425,700 | +2.8% up 2.8% | −1.9% down 1.9% versus June 2018 | $1,041,900 | +1.6% up 1.6% | −0.5% down 0.5% versus June 2018 | $382,700 | +1.0% up 1.0% | +1.4% up 1.4% versus June 2018 | $453,000 | +14.5% up 14.5% | +1.5% up 1.5% versus June 2018 |
| Toronto C07 | $888,100 | −3.7% down 3.7% | −1.4% down 1.4% versus June 2018 | $1,354,500 | −11.7% down 11.7% | −1.5% down 1.5% versus June 2018 | $754,300 | −14.0% down 14.0% | −2.2% down 2.2% versus June 2018 | $680,700 | −1.9% down 1.9% | −0.9% down 0.9% versus June 2018 | $582,200 | +5.9% up 5.9% | −1.2% down 1.2% versus June 2018 |
| Toronto W08 | $886,700 | +8.0% up 8.0% | +0.3% up 0.3% versus June 2018 | $1,122,800 | +2.4% up 2.4% | +0.1% up 0.1% versus June 2018 | $783,100 | +1.0% up 1.0% | −0.5% down 0.5% versus June 2018 | $600,300 | +4.5% up 4.5% | +2.4% up 2.4% versus June 2018 | $472,700 | +13.1% up 13.1% | +0.2% up 0.2% versus June 2018 |
| Toronto C13 | $881,700 | −4.1% down 4.1% | −1.1% down 1.1% versus June 2018 | $1,300,700 | −16.2% down 16.2% | −2.0% down 2.0% versus June 2018 | $703,300 | −14.5% down 14.5% | −0.9% down 0.9% versus June 2018 | $695,000 | −2.0% down 2.0% | +0.5% up 0.5% versus June 2018 | $488,900 | +11.4% up 11.4% | −1.0% down 1.0% versus June 2018 |
| Toronto C14 | $856,400 | −0.1% down 0.1% | −0.8% down 0.8% versus June 2018 | $1,535,300 | −13.9% down 13.9% | −1.9% down 1.9% versus June 2018 | $1,137,500 | −15.6% down 15.6% | −1.3% down 1.3% versus June 2018 | $856,600 | −3.5% down 3.5% | −0.3% down 0.3% versus June 2018 | $632,300 | +7.9% up 7.9% | −0.5% down 0.5% versus June 2018 |
| City of Toronto | $838,900 | +3.9% up 3.9% | −0.2% down 0.2% versus June 2018 | $1,112,800 | −2.9% down 2.9% | −0.6% down 0.6% versus June 2018 | $882,400 | +0.3% up 0.3% | −0.5% down 0.5% versus June 2018 | $634,600 | +0.3% up 0.3% | +0.0% up 0.0% versus June 2018 | $530,200 | +10.2% up 10.2% | +0.2% up 0.2% versus June 2018 |
| Toronto E03 | $813,700 | +4.7% up 4.7% | −1.5% down 1.5% versus June 2018 | $910,300 | +3.1% up 3.1% | −1.8% down 1.8% versus June 2018 | $829,800 | +4.1% up 4.1% | −1.9% down 1.9% versus June 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus June 2018 | $372,400 | +17.0% up 17.0% | +1.9% up 1.9% versus June 2018 |
| Toronto C15 | $798,700 | −4.3% down 4.3% | −0.6% down 0.6% versus June 2018 | $1,353,700 | −11.7% down 11.7% | −2.5% down 2.5% versus June 2018 | $779,900 | −13.4% down 13.4% | −2.0% down 2.0% versus June 2018 | $673,500 | −3.3% down 3.3% | −1.8% down 1.8% versus June 2018 | $519,700 | +4.8% up 4.8% | +0.7% up 0.7% versus June 2018 |
| All TRREB Areas | $768,400 | −0.6% down 0.6% | −0.5% down 0.5% versus June 2018 | $923,800 | −4.2% down 4.2% | −0.8% down 0.8% versus June 2018 | $719,800 | −1.6% down 1.6% | −0.3% down 0.3% versus June 2018 | $569,300 | −1.5% down 1.5% | +0.2% up 0.2% versus June 2018 | $501,400 | +8.3% up 8.3% | −0.2% down 0.2% versus June 2018 |
| Toronto E06 | $739,000 | +2.4% up 2.4% | +2.1% up 2.1% versus June 2018 | $757,400 | +1.1% up 1.1% | +2.2% up 2.2% versus June 2018 | $631,800 | +1.1% up 1.1% | +1.3% up 1.3% versus June 2018 | $623,900 | −5.8% down 5.8% | −0.0% down 0.0% versus June 2018 | $551,300 | +14.3% up 14.3% | +1.5% up 1.5% versus June 2018 |
| Toronto W03 | $734,300 | +2.4% up 2.4% | −0.9% down 0.9% versus June 2018 | $780,500 | +1.3% up 1.3% | −0.8% down 0.8% versus June 2018 | $716,100 | +1.4% up 1.4% | −1.1% down 1.1% versus June 2018 | $555,300 | +8.0% up 8.0% | −1.0% down 1.0% versus June 2018 | $469,500 | +12.4% up 12.4% | −0.1% down 0.1% versus June 2018 |
| Toronto E10 | $728,200 | −3.7% down 3.7% | −0.3% down 0.3% versus June 2018 | $789,500 | −5.7% down 5.7% | −0.8% down 0.8% versus June 2018 | $626,500 | −5.9% down 5.9% | −0.9% down 0.9% versus June 2018 | $551,900 | −0.1% down 0.1% | +1.8% up 1.8% versus June 2018 | $415,600 | +10.1% up 10.1% | −0.1% down 0.1% versus June 2018 |
| Toronto C01 | $704,100 | +11.5% up 11.5% | +0.1% up 0.1% versus June 2018 | $1,056,200 | +2.4% up 2.4% | −0.2% down 0.2% versus June 2018 | $943,400 | +2.4% up 2.4% | −0.7% down 0.7% versus June 2018 | $774,800 | +1.0% up 1.0% | −0.0% down 0.0% versus June 2018 | $593,100 | +12.9% up 12.9% | +0.1% up 0.1% versus June 2018 |
| Toronto C08 | $689,300 | +9.6% up 9.6% | +0.5% up 0.5% versus June 2018 | $1,638,900 | +4.1% up 4.1% | +2.6% up 2.6% versus June 2018 | $1,322,800 | +3.1% up 3.1% | +2.6% up 2.6% versus June 2018 | $695,500 | +5.3% up 5.3% | −0.3% down 0.3% versus June 2018 | $566,800 | +10.3% up 10.3% | +0.4% up 0.4% versus June 2018 |
| Toronto W04 | $661,300 | +4.7% up 4.7% | +0.1% up 0.1% versus June 2018 | $807,800 | +0.6% up 0.6% | −1.0% down 1.0% versus June 2018 | $703,500 | +4.3% up 4.3% | −1.1% down 1.1% versus June 2018 | $554,600 | +6.0% up 6.0% | +0.6% up 0.6% versus June 2018 | $388,500 | +12.4% up 12.4% | +1.7% up 1.7% versus June 2018 |
| Toronto E05 | $648,900 | −3.3% down 3.3% | −0.1% down 0.1% versus June 2018 | $906,900 | −5.8% down 5.8% | +0.1% up 0.1% versus June 2018 | $689,400 | −6.3% down 6.3% | −0.2% down 0.2% versus June 2018 | $549,500 | −7.3% down 7.3% | +0.9% up 0.9% versus June 2018 | $459,200 | +4.2% up 4.2% | −0.9% down 0.9% versus June 2018 |
| Toronto E04 | $644,100 | +2.7% up 2.7% | +0.8% up 0.8% versus June 2018 | $718,200 | −2.8% down 2.8% | −0.3% down 0.3% versus June 2018 | $610,400 | −1.9% down 1.9% | +0.3% up 0.3% versus June 2018 | $540,200 | +1.7% up 1.7% | −0.7% down 0.7% versus June 2018 | $456,000 | +11.7% up 11.7% | +3.0% up 3.0% versus June 2018 |
| Toronto E07 | $637,600 | −3.5% down 3.5% | −0.3% down 0.3% versus June 2018 | $870,200 | −10.8% down 10.8% | +0.8% up 0.8% versus June 2018 | $669,900 | −12.9% down 12.9% | +1.7% up 1.7% versus June 2018 | $580,800 | −4.3% down 4.3% | +2.9% up 2.9% versus June 2018 | $438,100 | +6.5% up 6.5% | −1.8% down 1.8% versus June 2018 |
| Toronto E08 | $636,400 | +4.3% up 4.3% | +1.2% up 1.2% versus June 2018 | $784,600 | −0.1% down 0.1% | +0.8% up 0.8% versus June 2018 | $593,100 | +0.7% up 0.7% | +1.0% up 1.0% versus June 2018 | $552,500 | +7.6% up 7.6% | +1.3% up 1.3% versus June 2018 | $453,600 | +11.6% up 11.6% | +1.8% up 1.8% versus June 2018 |
| Toronto W06 | $615,600 | +5.6% up 5.6% | −0.0% down 0.0% versus June 2018 | $879,700 | +3.1% up 3.1% | −0.1% down 0.1% versus June 2018 | $677,000 | +1.7% up 1.7% | −0.4% down 0.4% versus June 2018 | $866,900 | −2.6% down 2.6% | −1.5% down 1.5% versus June 2018 | $446,400 | +10.8% up 10.8% | +0.3% up 0.3% versus June 2018 |
| Toronto E09 | $603,000 | +2.1% up 2.1% | +0.8% up 0.8% versus June 2018 | $688,300 | −3.9% down 3.9% | −0.8% down 0.8% versus June 2018 | $571,600 | −2.7% down 2.7% | −0.8% down 0.8% versus June 2018 | $535,800 | +1.2% up 1.2% | +2.1% up 2.1% versus June 2018 | $483,000 | +8.4% up 8.4% | +2.2% up 2.2% versus June 2018 |
| Toronto W09 | $602,900 | +7.3% up 7.3% | +1.3% up 1.3% versus June 2018 | $855,100 | +2.8% up 2.8% | +0.4% up 0.4% versus June 2018 | $590,900 | +4.5% up 4.5% | −0.8% down 0.8% versus June 2018 | $726,200 | +13.2% up 13.2% | +1.9% up 1.9% versus June 2018 | $314,000 | +12.2% up 12.2% | +2.1% up 2.1% versus June 2018 |
| Toronto W05 | $563,500 | +5.2% up 5.2% | −0.9% down 0.9% versus June 2018 | $800,900 | −2.0% down 2.0% | no change no change versus June 2018 | $645,600 | −1.9% down 1.9% | −0.2% down 0.2% versus June 2018 | $419,800 | +9.2% up 9.2% | −0.4% down 0.4% versus June 2018 | $334,200 | +17.5% up 17.5% | −2.9% down 2.9% versus June 2018 |
| Toronto E11 | $562,100 | −0.2% down 0.2% | −0.6% down 0.6% versus June 2018 | $729,900 | −0.3% down 0.3% | −0.1% down 0.1% versus June 2018 | $587,300 | +1.9% up 1.9% | −0.6% down 0.6% versus June 2018 | $387,400 | −3.8% down 3.8% | −0.3% down 0.3% versus June 2018 | $438,300 | +0.6% up 0.6% | −0.7% down 0.7% versus June 2018 |
| Toronto W10 | $556,700 | −0.3% down 0.3% | +0.8% up 0.8% versus June 2018 | $738,600 | −1.3% down 1.3% | −0.1% down 0.1% versus June 2018 | $635,900 | −0.8% down 0.8% | +0.6% up 0.6% versus June 2018 | $466,600 | +4.7% up 4.7% | +3.6% up 3.6% versus June 2018 | $336,300 | −0.2% down 0.2% | +1.2% up 1.2% versus June 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.