Source: TRREB MarketWatch, October 2018
MLS® Home Price Index
October 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 October 2018
| Month | MLS® HPI benchmark | Average price |
|---|---|---|
| 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 |
| Aug '18 | 764800 | 765270 |
| Sep '18 | 765400 | 796786 |
| Oct '18 | 766300 | 807340 |
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 October 2018
| Month | All TRREB | City of Toronto | York | Peel | Durham |
|---|---|---|---|---|---|
| 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 |
| Aug '18 | 764800 | 838200 | no data | no data | no data |
| Sep '18 | 765400 | 841700 | no data | no data | no data |
| Oct '18 | 766300 | 845900 | no data | no data | no data |
Movers on the index
Composite, year-over-year
Top 10
- Toronto C09 +17.3% up 17.3%
- Toronto C08 +15.2% up 15.2%
- Toronto C11 +13.8% up 13.8%
- Toronto C01 +11.6% up 11.6%
- Toronto E01 +11.3% up 11.3%
- Toronto W02 +11.1% up 11.1%
- Toronto W05 +11.0% up 11.0%
- Toronto W01 +10.9% up 10.9%
- Toronto W10 +9.1% up 9.1%
- Toronto C03 +8.9% up 8.9%
Bottom 10
- Toronto C15 −1.8% down 1.8%
- Toronto E05 −1.4% down 1.4%
- Toronto C07 −0.1% down 0.1%
- Toronto E07 +0.9% up 0.9%
- Toronto E10 +1.4% up 1.4%
- Toronto C14 +1.8% up 1.8%
- Toronto C04 +1.9% up 1.9%
- Toronto E06 +2.3% up 2.3%
- Toronto C06 +2.3% up 2.3%
- Toronto E11 +2.4% up 2.4%
Apartment, year-over-year
Top 10
- Toronto W05 +23.2% up 23.2%
- Toronto C09 +17.5% up 17.5%
- Toronto E01 +17.3% up 17.3%
- Toronto E03 +17.3% up 17.3%
- Toronto C11 +16.0% up 16.0%
- Toronto E04 +15.6% up 15.6%
- Toronto C08 +15.4% up 15.4%
- Toronto W02 +14.8% up 14.8%
- Toronto W04 +14.2% up 14.2%
- Toronto W01 +13.5% up 13.5%
Bottom 10
- Toronto E05 −0.1% down 0.1%
- Toronto E10 +2.1% up 2.1%
- Toronto E11 +3.7% up 3.7%
- Toronto E07 +3.9% up 3.9%
- Toronto C07 +5.3% up 5.3%
- Toronto W07 +5.4% up 5.4%
- Toronto C14 +6.2% up 6.2%
- Toronto C15 +6.6% up 6.6%
- Toronto E02 +7.2% up 7.2%
- Toronto C04 +7.5% up 7.5%
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 | $1,897,500 | +3.3% up 3.3% | +1.0% up 1.0% versus September 2018 | $2,207,800 | +2.6% up 2.6% | +2.4% up 2.4% versus September 2018 | $1,110,900 | +2.1% up 2.1% | +3.1% up 3.1% versus September 2018 | $831,000 | −5.2% down 5.2% | −1.1% down 1.1% versus September 2018 | $860,300 | +8.8% up 8.8% | −1.4% down 1.4% versus September 2018 |
| Toronto C03 | $1,563,800 | +8.9% up 8.9% | +3.0% up 3.0% versus September 2018 | $1,712,200 | +8.6% up 8.6% | +3.7% up 3.7% versus September 2018 | $1,089,100 | +7.9% up 7.9% | +5.0% up 5.0% versus September 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus September 2018 | $877,100 | +9.0% up 9.0% | +0.3% up 0.3% versus September 2018 |
| Toronto C04 | $1,545,900 | +1.9% up 1.9% | +2.0% up 2.0% versus September 2018 | $1,778,300 | +0.9% up 0.9% | +1.6% up 1.6% versus September 2018 | $1,218,600 | +0.4% up 0.4% | +5.0% up 5.0% versus September 2018 | $0 | −100.0% down 100.0% | n/a not available, prior month not on file versus September 2018 | $544,700 | +7.5% up 7.5% | +2.2% up 2.2% versus September 2018 |
| Toronto C09 | $1,344,200 | +17.3% up 17.3% | −0.4% down 0.4% versus September 2018 | $1,769,900 | +8.8% up 8.8% | +2.5% up 2.5% versus September 2018 | $1,277,600 | +9.5% up 9.5% | +2.3% up 2.3% versus September 2018 | $1,625,600 | +19.7% up 19.7% | −1.5% down 1.5% versus September 2018 | $710,300 | +17.5% up 17.5% | −1.8% down 1.8% versus September 2018 |
| Toronto C02 | $1,270,400 | +8.7% up 8.7% | +2.7% up 2.7% versus September 2018 | $1,899,200 | +8.4% up 8.4% | +2.9% up 2.9% versus September 2018 | $1,397,200 | +4.4% up 4.4% | +2.5% up 2.5% versus September 2018 | $1,224,900 | +11.0% up 11.0% | −1.8% down 1.8% versus September 2018 | $756,100 | +11.0% up 11.0% | +3.1% up 3.1% versus September 2018 |
| Toronto C10 | $1,061,900 | +6.5% up 6.5% | +0.7% up 0.7% versus September 2018 | $1,549,700 | −1.9% down 1.9% | +1.7% up 1.7% versus September 2018 | $1,179,200 | −2.7% down 2.7% | +1.5% up 1.5% versus September 2018 | $807,400 | +15.7% up 15.7% | −1.2% down 1.2% versus September 2018 | $678,000 | +9.9% up 9.9% | +0.5% up 0.5% versus September 2018 |
| Toronto E02 | $1,056,400 | +8.0% up 8.0% | −1.1% down 1.1% versus September 2018 | $1,107,600 | +7.8% up 7.8% | −1.5% down 1.5% versus September 2018 | $990,600 | +8.4% up 8.4% | −2.0% down 2.0% versus September 2018 | $909,000 | +10.0% up 10.0% | +1.0% up 1.0% versus September 2018 | $730,800 | +7.2% up 7.2% | −0.3% down 0.3% versus September 2018 |
| Toronto E01 | $1,053,100 | +11.3% up 11.3% | +0.9% up 0.9% versus September 2018 | $1,157,400 | +9.3% up 9.3% | +0.4% up 0.4% versus September 2018 | $1,076,900 | +10.5% up 10.5% | +1.1% up 1.1% versus September 2018 | $699,800 | +8.0% up 8.0% | +0.2% up 0.2% versus September 2018 | $751,900 | +17.3% up 17.3% | +0.7% up 0.7% versus September 2018 |
| Toronto C06 | $1,041,300 | +2.3% up 2.3% | −0.3% down 0.3% versus September 2018 | $1,076,300 | −5.0% down 5.0% | −2.3% down 2.3% versus September 2018 | $742,800 | −1.4% down 1.4% | −2.5% down 2.5% versus September 2018 | $655,700 | +4.0% up 4.0% | −0.4% down 0.4% versus September 2018 | $629,800 | +9.5% up 9.5% | +1.5% up 1.5% versus September 2018 |
| Toronto W07 | $1,008,300 | +6.9% up 6.9% | +0.9% up 0.9% versus September 2018 | $1,086,100 | +7.7% up 7.7% | +0.8% up 0.8% versus September 2018 | $888,200 | +4.0% up 4.0% | −1.0% down 1.0% versus September 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus September 2018 | $604,600 | +5.4% up 5.4% | −0.5% down 0.5% versus September 2018 |
| Toronto W01 | $1,008,000 | +10.9% up 10.9% | +2.3% up 2.3% versus September 2018 | $1,238,800 | +8.0% up 8.0% | +3.5% up 3.5% versus September 2018 | $984,800 | +6.3% up 6.3% | +2.6% up 2.6% versus September 2018 | $528,100 | +7.0% up 7.0% | no change no change versus September 2018 | $573,100 | +13.5% up 13.5% | +2.0% up 2.0% versus September 2018 |
| Toronto W02 | $998,600 | +11.1% up 11.1% | +1.8% up 1.8% versus September 2018 | $1,132,400 | +9.4% up 9.4% | +2.3% up 2.3% versus September 2018 | $929,900 | +8.9% up 8.9% | +2.6% up 2.6% versus September 2018 | $660,000 | +17.1% up 17.1% | +0.9% up 0.9% versus September 2018 | $599,600 | +14.8% up 14.8% | +0.5% up 0.5% versus September 2018 |
| Toronto C11 | $967,800 | +13.8% up 13.8% | +1.5% up 1.5% versus September 2018 | $1,453,000 | +8.4% up 8.4% | +1.6% up 1.6% versus September 2018 | $1,094,100 | +12.7% up 12.7% | +3.3% up 3.3% versus September 2018 | $397,900 | +4.7% up 4.7% | −0.6% down 0.6% versus September 2018 | $463,900 | +16.0% up 16.0% | +1.4% up 1.4% versus September 2018 |
| Toronto C13 | $906,300 | +6.7% up 6.7% | +2.1% up 2.1% versus September 2018 | $1,358,800 | +3.1% up 3.1% | +2.6% up 2.6% versus September 2018 | $732,000 | +3.9% up 3.9% | +2.0% up 2.0% versus September 2018 | $684,900 | −2.5% down 2.5% | −2.9% down 2.9% versus September 2018 | $498,800 | +11.5% up 11.5% | +2.1% up 2.1% versus September 2018 |
| Toronto W08 | $873,500 | +8.2% up 8.2% | +0.3% up 0.3% versus September 2018 | $1,115,500 | +4.7% up 4.7% | +0.8% up 0.8% versus September 2018 | $776,100 | +3.3% up 3.3% | +0.6% up 0.6% versus September 2018 | $594,800 | +10.8% up 10.8% | −0.7% down 0.7% versus September 2018 | $462,900 | +11.1% up 11.1% | +0.1% up 0.1% versus September 2018 |
| Toronto C07 | $871,100 | −0.1% down 0.1% | −1.3% down 1.3% versus September 2018 | $1,298,700 | −5.4% down 5.4% | −2.3% down 2.3% versus September 2018 | $727,100 | −5.6% down 5.6% | −2.9% down 2.9% versus September 2018 | $686,000 | +4.5% up 4.5% | +0.5% up 0.5% versus September 2018 | $579,700 | +5.3% up 5.3% | −0.4% down 0.4% versus September 2018 |
| Toronto C14 | $848,800 | +1.8% up 1.8% | −2.6% down 2.6% versus September 2018 | $1,480,100 | −9.3% down 9.3% | −2.0% down 2.0% versus September 2018 | $1,100,000 | −6.3% down 6.3% | −2.3% down 2.3% versus September 2018 | $839,700 | +5.7% up 5.7% | −0.2% down 0.2% versus September 2018 | $633,400 | +6.2% up 6.2% | −2.9% down 2.9% versus September 2018 |
| City of Toronto | $845,900 | +7.0% up 7.0% | +0.5% up 0.5% versus September 2018 | $1,109,300 | +1.9% up 1.9% | +0.4% up 0.4% versus September 2018 | $889,100 | +5.3% up 5.3% | +1.1% up 1.1% versus September 2018 | $630,600 | +5.6% up 5.6% | +0.1% up 0.1% versus September 2018 | $538,300 | +10.9% up 10.9% | +0.5% up 0.5% versus September 2018 |
| Toronto E03 | $803,200 | +5.6% up 5.6% | +0.0% up 0.0% versus September 2018 | $902,200 | +4.3% up 4.3% | +0.2% up 0.2% versus September 2018 | $812,100 | +4.6% up 4.6% | +0.4% up 0.4% versus September 2018 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus September 2018 | $369,400 | +17.3% up 17.3% | −0.6% down 0.6% versus September 2018 |
| Toronto C15 | $785,400 | −1.8% down 1.8% | −0.5% down 0.5% versus September 2018 | $1,329,300 | −9.1% down 9.1% | −1.7% down 1.7% versus September 2018 | $761,700 | −10.7% down 10.7% | −3.2% down 3.2% versus September 2018 | $666,100 | −0.3% down 0.3% | +1.0% up 1.0% versus September 2018 | $513,000 | +6.6% up 6.6% | no change no change versus September 2018 |
| All TRREB Areas | $766,300 | +2.6% up 2.6% | +0.1% up 0.1% versus September 2018 | $914,500 | −0.4% down 0.4% | +0.0% up 0.0% versus September 2018 | $714,900 | +1.5% up 1.5% | no change no change versus September 2018 | $567,400 | +3.6% up 3.6% | +0.1% up 0.1% versus September 2018 | $507,700 | +9.6% up 9.6% | +0.3% up 0.3% versus September 2018 |
| Toronto W03 | $727,600 | +6.2% up 6.2% | +1.6% up 1.6% versus September 2018 | $766,300 | +4.7% up 4.7% | +1.4% up 1.4% versus September 2018 | $712,300 | +5.6% up 5.6% | +2.6% up 2.6% versus September 2018 | $571,600 | +20.2% up 20.2% | +3.0% up 3.0% versus September 2018 | $483,700 | +13.4% up 13.4% | −0.4% down 0.4% versus September 2018 |
| Toronto E06 | $725,900 | +2.3% up 2.3% | +0.1% up 0.1% versus September 2018 | $743,200 | +1.3% up 1.3% | +0.2% up 0.2% versus September 2018 | $603,500 | −4.2% down 4.2% | −1.8% down 1.8% versus September 2018 | $0 | −100.0% down 100.0% | n/a not available, prior month not on file versus September 2018 | $545,400 | +11.8% up 11.8% | −0.8% down 0.8% versus September 2018 |
| Toronto E10 | $725,900 | +1.4% up 1.4% | −1.0% down 1.0% versus September 2018 | $790,800 | +1.0% up 1.0% | −1.6% down 1.6% versus September 2018 | $638,400 | +3.9% up 3.9% | −1.0% down 1.0% versus September 2018 | $542,600 | −0.9% down 0.9% | +2.6% up 2.6% versus September 2018 | $400,400 | +2.1% up 2.1% | −3.3% down 3.3% versus September 2018 |
| Toronto C01 | $720,800 | +11.6% up 11.6% | +0.7% up 0.7% versus September 2018 | $1,141,400 | +11.6% up 11.6% | +3.1% up 3.1% versus September 2018 | $1,014,800 | +10.9% up 10.9% | +4.3% up 4.3% versus September 2018 | $799,600 | +10.8% up 10.8% | −0.2% down 0.2% versus September 2018 | $606,500 | +11.7% up 11.7% | +0.5% up 0.5% versus September 2018 |
| Toronto C08 | $719,400 | +15.2% up 15.2% | +1.7% up 1.7% versus September 2018 | $1,698,400 | +13.2% up 13.2% | +1.6% up 1.6% versus September 2018 | $1,377,700 | +13.0% up 13.0% | +1.5% up 1.5% versus September 2018 | $720,700 | +14.4% up 14.4% | +0.6% up 0.6% versus September 2018 | $591,900 | +15.4% up 15.4% | +1.8% up 1.8% versus September 2018 |
| Toronto W04 | $652,900 | +6.6% up 6.6% | +0.5% up 0.5% versus September 2018 | $786,700 | +2.5% up 2.5% | −0.1% down 0.1% versus September 2018 | $693,400 | +5.7% up 5.7% | +1.2% up 1.2% versus September 2018 | $532,200 | +4.4% up 4.4% | −0.7% down 0.7% versus September 2018 | $394,100 | +14.2% up 14.2% | +1.3% up 1.3% versus September 2018 |
| Toronto E04 | $644,600 | +6.6% up 6.6% | −0.3% down 0.3% versus September 2018 | $717,900 | +1.6% up 1.6% | +0.7% up 0.7% versus September 2018 | $605,600 | +1.1% up 1.1% | +0.8% up 0.8% versus September 2018 | $557,800 | +6.0% up 6.0% | +1.1% up 1.1% versus September 2018 | $456,000 | +15.6% up 15.6% | −2.0% down 2.0% versus September 2018 |
| Toronto E07 | $642,200 | +0.9% up 0.9% | −0.0% down 0.0% versus September 2018 | $877,100 | −1.3% down 1.3% | +0.3% up 0.3% versus September 2018 | $669,100 | −2.4% down 2.4% | +0.5% up 0.5% versus September 2018 | $570,200 | −0.1% down 0.1% | −0.4% down 0.4% versus September 2018 | $445,100 | +3.9% up 3.9% | +0.2% up 0.2% versus September 2018 |
| Toronto E05 | $642,100 | −1.4% down 1.4% | +0.8% up 0.8% versus September 2018 | $892,400 | −2.0% down 2.0% | +0.2% up 0.2% versus September 2018 | $679,000 | −1.8% down 1.8% | +0.1% up 0.1% versus September 2018 | $541,700 | −2.0% down 2.0% | −0.3% down 0.3% versus September 2018 | $457,700 | −0.1% down 0.1% | +2.0% up 2.0% versus September 2018 |
| Toronto E08 | $636,600 | +5.2% up 5.2% | −0.4% down 0.4% versus September 2018 | $769,900 | +0.4% up 0.4% | −0.6% down 0.6% versus September 2018 | $567,200 | −3.8% down 3.8% | −1.7% down 1.7% versus September 2018 | $558,200 | +8.0% up 8.0% | +0.9% up 0.9% versus September 2018 | $467,100 | +13.1% up 13.1% | −0.0% down 0.0% versus September 2018 |
| Toronto W06 | $619,100 | +8.6% up 8.6% | +0.2% up 0.2% versus September 2018 | $879,700 | +7.2% up 7.2% | +0.7% up 0.7% versus September 2018 | $668,500 | +4.2% up 4.2% | +0.4% up 0.4% versus September 2018 | $857,700 | +4.7% up 4.7% | −2.2% down 2.2% versus September 2018 | $452,800 | +11.3% up 11.3% | +0.3% up 0.3% versus September 2018 |
| Toronto W09 | $610,200 | +7.9% up 7.9% | +0.2% up 0.2% versus September 2018 | $853,200 | +4.0% up 4.0% | +1.1% up 1.1% versus September 2018 | $587,800 | +5.4% up 5.4% | +0.8% up 0.8% versus September 2018 | $713,900 | +11.4% up 11.4% | −0.5% down 0.5% versus September 2018 | $326,700 | +12.1% up 12.1% | −1.0% down 1.0% versus September 2018 |
| Toronto E09 | $594,200 | +3.7% up 3.7% | +0.4% up 0.4% versus September 2018 | $683,400 | −1.1% down 1.1% | +0.1% up 0.1% versus September 2018 | $565,300 | +0.5% up 0.5% | +0.2% up 0.2% versus September 2018 | $528,000 | +1.6% up 1.6% | +1.9% up 1.9% versus September 2018 | $472,300 | +8.7% up 8.7% | +0.3% up 0.3% versus September 2018 |
| Toronto W05 | $569,400 | +11.0% up 11.0% | +0.2% up 0.2% versus September 2018 | $799,000 | +4.3% up 4.3% | −0.4% down 0.4% versus September 2018 | $645,900 | +4.5% up 4.5% | −0.3% down 0.3% versus September 2018 | $435,100 | +11.3% up 11.3% | +0.1% up 0.1% versus September 2018 | $338,100 | +23.2% up 23.2% | +1.0% up 1.0% versus September 2018 |
| Toronto E11 | $568,700 | +2.4% up 2.4% | +0.3% up 0.3% versus September 2018 | $739,000 | +2.1% up 2.1% | −0.3% down 0.3% versus September 2018 | $592,700 | +3.6% up 3.6% | +0.6% up 0.6% versus September 2018 | $390,000 | +0.8% up 0.8% | −0.8% down 0.8% versus September 2018 | $446,000 | +3.7% up 3.7% | +2.0% up 2.0% versus September 2018 |
| Toronto W10 | $563,200 | +9.1% up 9.1% | +2.6% up 2.6% versus September 2018 | $731,400 | +6.7% up 6.7% | −0.9% down 0.9% versus September 2018 | $635,700 | +6.6% up 6.6% | +0.5% up 0.5% versus September 2018 | $474,500 | +6.8% up 6.8% | +1.0% up 1.0% versus September 2018 | $347,000 | +12.1% up 12.1% | +6.5% up 6.5% versus September 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.