Source: TRREB MarketWatch, March 2019
MLS® Home Price Index
March 2019
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 March 2019
| Month | MLS® HPI benchmark | Average price |
|---|---|---|
| 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 |
| Nov '18 | 763600 | 788345 |
| Dec '18 | 764200 | 750180 |
| Jan '19 | 761800 | 748328 |
| Feb '19 | 767800 | 780397 |
| Mar '19 | 779100 | 788335 |
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 March 2019
| Month | All TRREB | City of Toronto | York | Peel | Durham |
|---|---|---|---|---|---|
| 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 |
| Nov '18 | 763600 | 844600 | no data | no data | no data |
| Dec '18 | 764200 | 845000 | no data | no data | no data |
| Jan '19 | 761800 | 840100 | no data | no data | no data |
| Feb '19 | 767800 | 852400 | no data | no data | no data |
| Mar '19 | 779100 | 863800 | no data | no data | no data |
Movers on the index
Composite, year-over-year
Top 10
- Toronto E01 +10.0% up 10.0%
- Toronto C01 +9.2% up 9.2%
- Toronto C10 +8.7% up 8.7%
- Toronto W01 +8.6% up 8.6%
- Toronto E08 +8.5% up 8.5%
- Toronto C02 +8.1% up 8.1%
- Toronto C08 +7.7% up 7.7%
- Toronto W02 +7.5% up 7.5%
- Toronto W09 +7.3% up 7.3%
- Toronto W05 +7.0% up 7.0%
Bottom 10
- Toronto C15 −1.1% down 1.1%
- Toronto E05 −0.0% down 0.0%
- Toronto C07 −0.0% down 0.0%
- Toronto C12 +0.8% up 0.8%
- Toronto C04 +1.1% up 1.1%
- Toronto W07 +1.6% up 1.6%
- Toronto C03 +2.5% up 2.5%
- Toronto C14 +2.6% up 2.6%
- Toronto C06 +2.9% up 2.9%
- Toronto E07 +3.0% up 3.0%
Apartment, year-over-year
Top 10
- Toronto E01 +14.5% up 14.5%
- Toronto E08 +14.1% up 14.1%
- Toronto W09 +13.8% up 13.8%
- Toronto E03 +12.4% up 12.4%
- Toronto C02 +12.3% up 12.3%
- Toronto W05 +11.1% up 11.1%
- Toronto W01 +10.5% up 10.5%
- Toronto W08 +10.0% up 10.0%
- Toronto E10 +10.0% up 10.0%
- Toronto C11 +9.9% up 9.9%
Bottom 10
- Toronto C04 −0.7% down 0.7%
- Toronto E05 −0.5% down 0.5%
- Toronto C03 −0.5% down 0.5%
- Toronto C09 +2.8% up 2.8%
- Toronto C07 +3.1% up 3.1%
- Toronto C12 +3.3% up 3.3%
- Toronto C15 +3.6% up 3.6%
- Toronto E11 +3.9% up 3.9%
- Toronto E07 +4.9% up 4.9%
- Toronto W07 +5.3% up 5.3%
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 | $1,884,700 | +0.8% up 0.8% | −0.2% down 0.2% versus February 2019 | $2,196,000 | +2.3% up 2.3% | +0.6% up 0.6% versus February 2019 | $1,101,300 | +3.4% up 3.4% | +3.1% up 3.1% versus February 2019 | $791,000 | −9.2% down 9.2% | −4.5% down 4.5% versus February 2019 | $876,000 | +3.3% up 3.3% | +0.3% up 0.3% versus February 2019 |
| Toronto C03 | $1,558,000 | +2.5% up 2.5% | +2.1% up 2.1% versus February 2019 | $1,711,000 | +3.2% up 3.2% | +3.9% up 3.9% versus February 2019 | $1,116,200 | +4.2% up 4.2% | +4.4% up 4.4% versus February 2019 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus February 2019 | $856,900 | −0.5% down 0.5% | −1.5% down 1.5% versus February 2019 |
| Toronto C04 | $1,529,900 | +1.1% up 1.1% | −0.8% down 0.8% versus February 2019 | $1,766,300 | +1.7% up 1.7% | −1.3% down 1.3% versus February 2019 | $1,186,800 | +3.9% up 3.9% | +1.2% up 1.2% versus February 2019 | $0 | −100.0% down 100.0% | n/a not available, prior month not on file versus February 2019 | $537,000 | −0.7% down 0.7% | −0.3% down 0.3% versus February 2019 |
| Toronto C02 | $1,295,800 | +8.1% up 8.1% | +2.6% up 2.6% versus February 2019 | $1,839,200 | +2.4% up 2.4% | +4.1% up 4.1% versus February 2019 | $1,387,200 | +2.5% up 2.5% | +2.0% up 2.0% versus February 2019 | $1,236,500 | +3.4% up 3.4% | +2.6% up 2.6% versus February 2019 | $789,400 | +12.3% up 12.3% | +2.5% up 2.5% versus February 2019 |
| Toronto C09 | $1,292,500 | +3.2% up 3.2% | +1.4% up 1.4% versus February 2019 | $1,693,300 | −3.6% down 3.6% | +3.9% up 3.9% versus February 2019 | $1,230,400 | −3.5% down 3.5% | +4.3% up 4.3% versus February 2019 | $1,668,300 | +10.6% up 10.6% | +6.0% up 6.0% versus February 2019 | $675,900 | +2.8% up 2.8% | −1.0% down 1.0% versus February 2019 |
| Toronto C10 | $1,104,100 | +8.7% up 8.7% | +2.1% up 2.1% versus February 2019 | $1,695,400 | +11.7% up 11.7% | +2.2% up 2.2% versus February 2019 | $1,300,200 | +11.6% up 11.6% | +2.3% up 2.3% versus February 2019 | $821,100 | +9.5% up 9.5% | +3.9% up 3.9% versus February 2019 | $688,700 | +6.8% up 6.8% | +1.7% up 1.7% versus February 2019 |
| Toronto E02 | $1,089,700 | +5.2% up 5.2% | +1.6% up 1.6% versus February 2019 | $1,159,100 | +4.3% up 4.3% | +3.2% up 3.2% versus February 2019 | $1,032,400 | +5.8% up 5.8% | +2.4% up 2.4% versus February 2019 | $929,400 | +8.9% up 8.9% | −5.0% down 5.0% versus February 2019 | $723,100 | +5.8% up 5.8% | +0.3% up 0.3% versus February 2019 |
| Toronto C06 | $1,087,700 | +2.9% up 2.9% | +3.7% up 3.7% versus February 2019 | $1,093,900 | −2.1% down 2.1% | +2.8% up 2.8% versus February 2019 | $772,800 | −6.5% down 6.5% | −0.8% down 0.8% versus February 2019 | $643,700 | +0.7% up 0.7% | −2.2% down 2.2% versus February 2019 | $671,900 | +6.8% up 6.8% | +4.8% up 4.8% versus February 2019 |
| Toronto E01 | $1,073,100 | +10.0% up 10.0% | +1.5% up 1.5% versus February 2019 | $1,172,600 | +8.2% up 8.2% | +2.1% up 2.1% versus February 2019 | $1,081,400 | +8.8% up 8.8% | +1.5% up 1.5% versus February 2019 | $717,900 | +8.8% up 8.8% | −2.7% down 2.7% versus February 2019 | $795,600 | +14.5% up 14.5% | +2.9% up 2.9% versus February 2019 |
| Toronto W01 | $1,012,000 | +8.6% up 8.6% | +2.8% up 2.8% versus February 2019 | $1,275,800 | +6.2% up 6.2% | +5.7% up 5.7% versus February 2019 | $1,002,900 | +4.6% up 4.6% | +4.9% up 4.9% versus February 2019 | $543,300 | +7.0% up 7.0% | +0.7% up 0.7% versus February 2019 | $566,600 | +10.5% up 10.5% | +1.7% up 1.7% versus February 2019 |
| Toronto W02 | $1,003,900 | +7.5% up 7.5% | +1.4% up 1.4% versus February 2019 | $1,135,800 | +6.8% up 6.8% | +2.5% up 2.5% versus February 2019 | $942,200 | +7.0% up 7.0% | −0.7% down 0.7% versus February 2019 | $654,100 | +8.8% up 8.8% | +1.4% up 1.4% versus February 2019 | $601,100 | +8.6% up 8.6% | +2.7% up 2.7% versus February 2019 |
| Toronto W07 | $985,500 | +1.6% up 1.6% | +1.9% up 1.9% versus February 2019 | $1,058,800 | +1.7% up 1.7% | +2.3% up 2.3% versus February 2019 | $868,100 | −1.3% down 1.3% | +2.6% up 2.6% versus February 2019 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus February 2019 | $618,800 | +5.3% up 5.3% | +0.9% up 0.9% versus February 2019 |
| Toronto C11 | $944,100 | +5.3% up 5.3% | +1.4% up 1.4% versus February 2019 | $1,378,100 | −5.1% down 5.1% | +1.8% up 1.8% versus February 2019 | $1,033,500 | −1.8% down 1.8% | +2.4% up 2.4% versus February 2019 | $395,000 | +3.7% up 3.7% | −3.9% down 3.9% versus February 2019 | $459,300 | +9.9% up 9.9% | +1.5% up 1.5% versus February 2019 |
| Toronto C13 | $902,000 | +4.0% up 4.0% | +1.6% up 1.6% versus February 2019 | $1,359,900 | +0.8% up 0.8% | +3.2% up 3.2% versus February 2019 | $731,000 | +1.2% up 1.2% | +2.0% up 2.0% versus February 2019 | $667,800 | −6.7% down 6.7% | −5.2% down 5.2% versus February 2019 | $495,800 | +8.6% up 8.6% | +1.0% up 1.0% versus February 2019 |
| Toronto W08 | $889,900 | +6.0% up 6.0% | +2.4% up 2.4% versus February 2019 | $1,106,600 | +0.6% up 0.6% | +4.2% up 4.2% versus February 2019 | $755,400 | −2.8% down 2.8% | +3.4% up 3.4% versus February 2019 | $598,200 | +13.9% up 13.9% | −1.8% down 1.8% versus February 2019 | $481,200 | +10.0% up 10.0% | +1.5% up 1.5% versus February 2019 |
| Toronto C07 | $885,000 | −0.0% down 0.0% | +0.2% up 0.2% versus February 2019 | $1,301,000 | −2.8% down 2.8% | +1.9% up 1.9% versus February 2019 | $727,100 | −4.2% down 4.2% | +0.7% up 0.7% versus February 2019 | $669,400 | +1.0% up 1.0% | −2.1% down 2.1% versus February 2019 | $598,000 | +3.1% up 3.1% | −0.4% down 0.4% versus February 2019 |
| Toronto C14 | $881,500 | +2.6% up 2.6% | +0.5% up 0.5% versus February 2019 | $1,439,000 | −7.7% down 7.7% | +0.8% up 0.8% versus February 2019 | $1,053,300 | −5.4% down 5.4% | −0.9% down 0.9% versus February 2019 | $809,000 | −1.9% down 1.9% | −2.7% down 2.7% versus February 2019 | $674,200 | +6.4% up 6.4% | +0.7% up 0.7% versus February 2019 |
| City of Toronto | $863,800 | +5.5% up 5.5% | +1.3% up 1.3% versus February 2019 | $1,120,200 | +1.8% up 1.8% | +2.2% up 2.2% versus February 2019 | $902,700 | +4.5% up 4.5% | +2.1% up 2.1% versus February 2019 | $634,400 | +5.8% up 5.8% | −0.2% down 0.2% versus February 2019 | $554,300 | +7.9% up 7.9% | +1.0% up 1.0% versus February 2019 |
| Toronto E03 | $834,900 | +3.9% up 3.9% | +2.3% up 2.3% versus February 2019 | $938,900 | +2.6% up 2.6% | +2.2% up 2.2% versus February 2019 | $853,400 | +3.3% up 3.3% | +2.5% up 2.5% versus February 2019 | — | n/a not available, prior month not on file | n/a not available, prior month not on file versus February 2019 | $369,000 | +12.4% up 12.4% | +1.0% up 1.0% versus February 2019 |
| Toronto C15 | $788,300 | −1.1% down 1.1% | +1.0% up 1.0% versus February 2019 | $1,291,200 | −8.0% down 8.0% | +2.5% up 2.5% versus February 2019 | $735,400 | −8.4% down 8.4% | +3.4% up 3.4% versus February 2019 | $667,600 | +3.7% up 3.7% | −1.9% down 1.9% versus February 2019 | $526,400 | +3.6% up 3.6% | +1.2% up 1.2% versus February 2019 |
| All TRREB Areas | $779,100 | +2.6% up 2.6% | +1.5% up 1.5% versus February 2019 | $923,000 | +0.1% up 0.1% | +1.7% up 1.7% versus February 2019 | $725,900 | +2.0% up 2.0% | +1.7% up 1.7% versus February 2019 | $577,700 | +4.1% up 4.1% | +0.5% up 0.5% versus February 2019 | $522,300 | +7.2% up 7.2% | +1.1% up 1.1% versus February 2019 |
| Toronto W03 | $754,100 | +5.6% up 5.6% | +3.0% up 3.0% versus February 2019 | $797,900 | +4.8% up 4.8% | +2.6% up 2.6% versus February 2019 | $748,900 | +6.0% up 6.0% | +3.8% up 3.8% versus February 2019 | $561,200 | +8.6% up 8.6% | +2.6% up 2.6% versus February 2019 | $476,400 | +7.2% up 7.2% | +2.2% up 2.2% versus February 2019 |
| Toronto C01 | $748,400 | +9.2% up 9.2% | +0.1% up 0.1% versus February 2019 | $1,177,400 | +11.4% up 11.4% | +4.1% up 4.1% versus February 2019 | $1,030,200 | +8.3% up 8.3% | +3.5% up 3.5% versus February 2019 | $804,800 | +7.0% up 7.0% | +0.3% up 0.3% versus February 2019 | $631,900 | +9.4% up 9.4% | −0.2% down 0.2% versus February 2019 |
| Toronto E06 | $746,300 | +6.0% up 6.0% | −0.2% down 0.2% versus February 2019 | $770,900 | +6.0% up 6.0% | +0.0% up 0.0% versus February 2019 | $649,100 | +6.3% up 6.3% | +1.6% up 1.6% versus February 2019 | $0 | −100.0% down 100.0% | n/a not available, prior month not on file versus February 2019 | $532,300 | +7.1% up 7.1% | −1.6% down 1.6% versus February 2019 |
| Toronto E10 | $733,800 | +5.7% up 5.7% | +1.9% up 1.9% versus February 2019 | $796,200 | +4.5% up 4.5% | +2.2% up 2.2% versus February 2019 | $633,500 | +7.7% up 7.7% | +3.6% up 3.6% versus February 2019 | $545,700 | +5.8% up 5.8% | +1.4% up 1.4% versus February 2019 | $428,500 | +10.0% up 10.0% | −1.9% down 1.9% versus February 2019 |
| Toronto C08 | $730,400 | +7.7% up 7.7% | +1.5% up 1.5% versus February 2019 | $1,689,600 | +12.4% up 12.4% | +4.2% up 4.2% versus February 2019 | $1,364,800 | +12.6% up 12.6% | +3.5% up 3.5% versus February 2019 | $745,600 | +11.4% up 11.4% | −4.3% down 4.3% versus February 2019 | $601,800 | +7.2% up 7.2% | +1.6% up 1.6% versus February 2019 |
| Toronto W04 | $664,100 | +4.4% up 4.4% | +1.1% up 1.1% versus February 2019 | $810,000 | +2.8% up 2.8% | +1.5% up 1.5% versus February 2019 | $715,400 | +2.1% up 2.1% | −0.0% down 0.0% versus February 2019 | $540,900 | +4.3% up 4.3% | +0.7% up 0.7% versus February 2019 | $392,200 | +7.0% up 7.0% | +1.0% up 1.0% versus February 2019 |
| Toronto E08 | $661,200 | +8.5% up 8.5% | +0.9% up 0.9% versus February 2019 | $806,100 | +4.6% up 4.6% | +0.7% up 0.7% versus February 2019 | $599,800 | +4.5% up 4.5% | +1.9% up 1.9% versus February 2019 | $556,200 | +11.0% up 11.0% | +0.3% up 0.3% versus February 2019 | $484,200 | +14.1% up 14.1% | +1.4% up 1.4% versus February 2019 |
| Toronto E04 | $653,800 | +5.3% up 5.3% | +2.1% up 2.1% versus February 2019 | $727,300 | +1.8% up 1.8% | +2.6% up 2.6% versus February 2019 | $600,500 | +0.4% up 0.4% | +2.5% up 2.5% versus February 2019 | $554,700 | +9.7% up 9.7% | +0.9% up 0.9% versus February 2019 | $466,900 | +9.9% up 9.9% | +1.6% up 1.6% versus February 2019 |
| Toronto E07 | $648,400 | +3.0% up 3.0% | +2.1% up 2.1% versus February 2019 | $876,100 | +1.4% up 1.4% | +0.8% up 0.8% versus February 2019 | $670,500 | +1.8% up 1.8% | +0.5% up 0.5% versus February 2019 | $553,900 | +0.2% up 0.2% | −1.5% down 1.5% versus February 2019 | $453,800 | +4.9% up 4.9% | +3.7% up 3.7% versus February 2019 |
| Toronto E05 | $643,400 | −0.0% down 0.0% | +0.0% up 0.0% versus February 2019 | $891,000 | +0.3% up 0.3% | +2.4% up 2.4% versus February 2019 | $671,000 | +0.2% up 0.2% | +1.8% up 1.8% versus February 2019 | $541,100 | +0.8% up 0.8% | −0.1% down 0.1% versus February 2019 | $463,400 | −0.5% down 0.5% | −2.6% down 2.6% versus February 2019 |
| Toronto W06 | $627,300 | +5.5% up 5.5% | +2.9% up 2.9% versus February 2019 | $857,000 | +0.6% up 0.6% | +2.2% up 2.2% versus February 2019 | $650,900 | −2.3% down 2.3% | +2.3% up 2.3% versus February 2019 | $853,600 | +7.3% up 7.3% | −1.2% down 1.2% versus February 2019 | $471,800 | +9.2% up 9.2% | +4.1% up 4.1% versus February 2019 |
| Toronto E09 | $615,700 | +6.1% up 6.1% | +2.5% up 2.5% versus February 2019 | $711,500 | +4.6% up 4.6% | +3.4% up 3.4% versus February 2019 | $576,300 | +2.7% up 2.7% | +3.7% up 3.7% versus February 2019 | $532,200 | +7.5% up 7.5% | +0.9% up 0.9% versus February 2019 | $490,100 | +7.5% up 7.5% | +2.0% up 2.0% versus February 2019 |
| Toronto W09 | $610,200 | +7.3% up 7.3% | +3.0% up 3.0% versus February 2019 | $855,500 | +1.9% up 1.9% | +5.5% up 5.5% versus February 2019 | $596,400 | +4.1% up 4.1% | +6.7% up 6.7% versus February 2019 | $720,200 | +10.2% up 10.2% | +2.1% up 2.1% versus February 2019 | $322,500 | +13.8% up 13.8% | −0.2% down 0.2% versus February 2019 |
| Toronto W05 | $592,200 | +7.0% up 7.0% | +1.9% up 1.9% versus February 2019 | $825,800 | +2.6% up 2.6% | +0.3% up 0.3% versus February 2019 | $666,600 | +2.2% up 2.2% | +0.6% up 0.6% versus February 2019 | $454,000 | +12.7% up 12.7% | +4.1% up 4.1% versus February 2019 | $354,900 | +11.1% up 11.1% | +2.7% up 2.7% versus February 2019 |
| Toronto E11 | $582,900 | +3.1% up 3.1% | +1.1% up 1.1% versus February 2019 | $758,200 | +3.3% up 3.3% | +1.0% up 1.0% versus February 2019 | $601,300 | +2.7% up 2.7% | +1.7% up 1.7% versus February 2019 | $400,200 | +2.0% up 2.0% | +1.4% up 1.4% versus February 2019 | $457,400 | +3.9% up 3.9% | +0.6% up 0.6% versus February 2019 |
| Toronto W10 | $573,300 | +4.5% up 4.5% | +2.6% up 2.6% versus February 2019 | $744,000 | +0.6% up 0.6% | +3.2% up 3.2% versus February 2019 | $644,100 | +1.5% up 1.5% | +2.4% up 2.4% versus February 2019 | $472,300 | +6.4% up 6.4% | −1.1% down 1.1% versus February 2019 | $354,200 | +8.0% up 8.0% | +2.6% up 2.6% versus February 2019 |
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.