Source: TRREB MarketWatch, April 2023

MLS® Home Price Index

April 2023

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 2023

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 2023

Movers on the index

Composite, year-over-year

Top 10

  1. Toronto C14 −6.0%
  2. Toronto E10 −6.9%
  3. Oakville −7.8%
  4. Toronto C15 −7.8%
  5. Burlington −7.9%
  6. Toronto C01 −8.8%
  7. Toronto C08 −8.9%
  8. Toronto C07 −9.0%
  9. Toronto E06 −9.0%
  10. Markham −9.2%

Bottom 10

  1. Caledon −19.7%
  2. Oshawa −18.0%
  3. Ajax −18.0%
  4. Orangeville −17.9%
  5. Pickering −17.5%
  6. Essa −17.5%
  7. Whitby −17.4%
  8. Innisfil −17.0%
  9. Uxbridge −16.7%
  10. Toronto W01 −16.5%

Apartment, year-over-year

Top 10

  1. Toronto C08 −8.7%
  2. Toronto C02 −8.7%
  3. Toronto C01 −8.9%
  4. Toronto C09 −9.0%
  5. Toronto C15 −9.4%
  6. Toronto E03 −9.4%
  7. Toronto C11 −9.5%
  8. Toronto C14 −9.7%
  9. Toronto C07 −10.7%
  10. Toronto W06 −10.9%

Bottom 10

  1. Toronto E08 −21.1%
  2. Brampton −20.2%
  3. Orangeville −20.0%
  4. Pickering −19.6%
  5. Ajax −19.5%
  6. Whitby −19.1%
  7. Halton Hills −18.6%
  8. Uxbridge −18.5%
  9. Toronto W10 −17.8%
  10. Clarington −17.7%

Every area

72 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 $3,047,900 −11.9% +2.7% $3,983,300 −13.2% +2.5% $1,676,300 −11.0% −0.4% $1,483,600 −8.6% +0.7% $1,375,900 −14.7% +6.0%
Toronto C09 $2,323,200 −10.4% +4.5% $4,116,600 −10.1% +8.0% $2,783,400 −8.4% +9.3% $1,952,500 −14.1% +4.9% $1,157,800 −9.0% −2.8%
Toronto C04 $2,279,800 −10.8% +2.8% $2,851,700 −9.5% +2.8% $1,705,900 −14.0% +2.2% — n/a n/a $803,800 −14.1% +2.4%
King $1,878,500 −15.0% +0.4% $2,080,400 −15.4% +0.1% $1,001,600 −12.1% +2.8% — n/a n/a $750,100 −12.2% +2.1%
Toronto C03 $1,620,400 −12.2% +1.3% $2,073,000 −9.6% +1.3% $1,298,300 −11.7% +0.1% — n/a n/a $910,000 −15.9% +5.4%
Toronto W07 $1,585,300 −9.5% +1.9% $1,822,800 −8.7% +2.2% $1,369,800 −8.8% +2.2% $1,129,900 −10.7% +2.5% $811,000 −11.5% +2.3%
Toronto C02 $1,494,500 −11.9% +0.7% $2,778,400 −12.3% −1.4% $2,064,700 −14.3% −3.4% $1,439,500 −16.7% +3.8% $992,300 −8.7% +6.5%
Richmond Hill $1,480,600 −9.8% +2.1% $1,940,900 −10.2% +1.6% $1,265,000 −8.8% +2.4% $909,200 −17.6% +1.5% $658,200 −13.6% +3.5%
Whitchurch-Stouffville $1,445,100 −13.2% +0.6% $1,604,500 −13.3% +0.3% $1,100,400 −11.6% +0.9% $913,000 −10.0% +1.6% $667,800 −14.1% +2.1%
Toronto E02 $1,444,900 −12.6% +2.9% $1,849,400 −12.7% +2.8% $1,383,600 −12.6% +2.1% $1,142,100 −8.8% −0.1% $927,700 −11.3% +3.3%
Oakville $1,443,700 −7.8% +2.4% $1,868,300 −6.9% +2.4% $1,231,000 −4.4% +4.2% $928,100 −4.3% +1.5% $664,700 −16.6% +2.2%
Aurora $1,418,700 −12.3% +2.0% $1,685,300 −12.7% +2.1% $1,119,200 −14.4% +1.2% $968,000 −8.2% +4.1% $651,700 −13.4% +1.9%
Markham $1,410,700 −9.2% +3.0% $1,886,300 −8.8% +3.2% $1,320,900 −8.7% +2.6% $984,100 −11.1% +5.5% $706,200 −13.8% +1.8%
York Region $1,379,700 −11.1% +2.1% $1,676,900 −11.4% +2.0% $1,208,300 −10.4% +2.2% $950,600 −11.8% +3.5% $690,200 −13.6% +2.1%
Vaughan $1,379,100 −11.4% +2.3% $1,785,200 −11.5% +2.3% $1,228,600 −10.6% +2.3% $953,700 −13.1% +0.7% $705,100 −13.8% +1.5%
Caledon $1,376,900 −19.7% +1.9% $1,472,600 −19.6% +1.9% $1,014,300 −18.8% +1.9% $931,000 −20.9% +1.2% — n/a n/a
East Gwillimbury $1,353,000 −13.2% +1.4% $1,404,100 −13.2% +1.3% $894,300 −14.0% +0.7% — n/a n/a — n/a n/a
Toronto C11 $1,331,400 −9.5% +6.2% $2,645,300 −9.8% +7.7% $1,595,400 −9.6% +7.5% $763,500 −4.4% +0.3% $548,600 −9.5% +2.0%
Toronto W02 $1,318,400 −12.5% +6.2% $1,829,400 −11.1% +9.2% $1,353,500 −12.3% +5.9% $1,081,300 −12.8% +1.5% $757,600 −12.5% +2.1%
Toronto C13 $1,299,200 −11.4% +1.8% $2,108,500 −10.8% +1.3% $1,097,100 −10.1% +1.2% $951,100 −10.0% +0.8% $747,200 −12.3% +2.5%
Toronto E01 $1,283,100 −10.2% +3.3% $1,622,600 −9.6% +3.4% $1,406,200 −10.4% +4.3% $1,019,500 −9.7% −2.8% $851,800 −11.0% +0.4%
Toronto C07 $1,265,300 −9.0% +2.6% $2,139,800 −8.0% +4.7% $1,305,800 −4.1% +5.2% $809,800 −14.8% −1.9% $805,600 −10.7% +0.2%
Newmarket $1,256,700 −12.1% +1.7% $1,387,500 −12.2% +1.6% $1,019,400 −12.8% +1.3% $870,600 −8.6% +2.9% $596,500 −12.8% +1.9%
Toronto E03 $1,247,300 −11.2% +2.2% $1,418,100 −10.8% +1.9% $1,321,000 −12.1% +2.5% — n/a n/a $633,200 −9.4% +1.3%
Uxbridge $1,234,200 −16.7% +1.5% $1,284,600 −16.7% +1.5% $894,700 −17.6% +1.1% $719,300 −18.3% +1.7% $743,500 −18.5% +2.2%
Toronto E06 $1,229,800 −9.0% +5.9% $1,358,300 −9.0% +6.5% $1,091,300 −8.5% +6.4% $825,900 −11.9% +0.6% $760,700 −12.1% +2.4%
Halton Region $1,221,400 −8.8% +2.5% $1,560,600 −8.2% +2.6% $1,079,700 −6.9% +3.3% $846,900 −4.5% +1.5% $622,900 −16.6% +2.2%
Toronto C14 $1,195,900 −6.0% +2.5% $2,649,200 −4.7% +4.6% $1,752,300 −2.4% +5.4% $878,800 −7.5% +2.2% $814,300 −9.7% +0.5%
Halton Hills $1,187,800 −13.6% +2.2% $1,264,700 −14.0% +2.4% $930,800 −10.9% +2.3% $727,200 −3.9% +1.6% $650,800 −18.6% +1.9%
Toronto C06 $1,166,800 −11.8% +3.4% $1,743,400 −10.1% +5.2% $1,240,800 −8.4% +5.8% $821,000 −16.1% −2.9% $672,900 −13.8% +0.8%
Toronto C10 $1,148,500 −12.5% +1.4% $2,435,100 −9.7% +3.6% $1,756,600 −9.7% +3.3% $1,090,400 −13.0% +1.5% $758,000 −13.2% −0.8%
All TRREB Areas $1,145,700 −12.1% +2.4% $1,462,500 −12.2% +2.7% $1,116,900 −11.6% +2.9% $833,700 −12.0% +1.9% $714,300 −12.2% +1.5%
Toronto W01 $1,135,700 −16.5% +3.2% $1,952,200 −20.1% +4.6% $1,416,200 −20.2% +6.1% $900,900 −13.3% −1.2% $691,500 −11.6% +3.1%
Toronto W08 $1,129,900 −10.6% +1.3% $1,903,100 −10.8% +0.9% $1,370,100 −10.3% +2.5% $735,700 −9.1% +1.8% $630,000 −11.1% +2.1%
City of Toronto $1,128,800 −10.3% +2.5% $1,746,100 −9.6% +3.4% $1,326,300 −10.8% +3.1% $888,200 −10.7% +1.3% $751,000 −10.6% +1.3%
Bradford West Gwillimbury $1,108,500 −15.3% −0.1% $1,165,600 −15.4% −0.4% $906,300 −15.4% +0.5% $631,100 −22.8% +0.5% $591,800 −13.4% +1.7%
Milton $1,108,100 −10.2% +1.2% $1,433,600 −9.7% +1.0% $999,600 −9.3% +1.4% $822,100 −4.6% +1.4% $632,800 −17.0% +2.2%
Toronto E10 $1,103,700 −6.9% +1.1% $1,336,800 −6.6% +1.2% $993,800 −8.8% +1.0% $702,900 −4.6% −2.0% $532,300 −16.4% −0.0%
Peel Region $1,090,900 −15.1% +2.8% $1,396,900 −15.0% +3.0% $1,026,000 −14.1% +3.4% $811,000 −15.1% +2.3% $625,000 −16.4% +1.7%
Whitby $1,085,000 −17.4% +2.9% $1,183,400 −17.9% +2.8% $907,200 −16.6% +3.3% $679,900 −13.6% +1.0% $615,300 −19.1% +1.4%
Burlington $1,077,800 −7.9% +3.5% $1,414,700 −6.6% +3.9% $1,059,300 −5.0% +6.0% $803,900 −5.0% +1.5% $591,900 −16.5% +2.2%
Brampton $1,075,900 −14.3% +3.6% $1,277,200 −13.8% +4.0% $999,700 −13.0% +4.2% $733,600 −17.7% +1.4% $578,500 −20.2% +1.4%
Mississauga $1,073,900 −15.3% +2.1% $1,538,700 −15.6% +2.2% $1,073,000 −15.3% +2.3% $844,600 −13.9% +2.7% $633,900 −15.7% +1.7%
Pickering $1,073,000 −17.5% +3.5% $1,285,600 −17.0% +3.9% $941,400 −17.1% +3.8% $701,800 −18.2% +1.9% $630,800 −19.6% +1.0%
Ajax $1,041,700 −18.0% +2.5% $1,155,600 −17.4% +2.9% $925,200 −17.6% +2.4% $712,600 −18.2% +1.5% $573,400 −19.5% +1.9%
Toronto C15 $1,025,400 −7.8% +2.9% $2,091,700 −9.0% +3.0% $1,237,000 −5.5% +4.1% $887,800 −10.5% +5.4% $669,300 −9.4% +1.5%
Toronto E08 $1,015,200 −11.1% +3.6% $1,342,600 −8.2% +5.4% $1,024,200 −9.6% +5.8% $741,500 −11.6% +1.0% $564,400 −21.1% −1.8%
Toronto W09 $1,009,600 −9.8% −0.1% $1,405,000 −8.5% −0.8% $983,800 −9.9% +1.7% $873,300 −10.8% −0.1% $496,300 −15.7% +2.5%
Toronto E05 $1,008,900 −11.0% +2.8% $1,454,800 −9.0% +2.7% $1,099,700 −9.7% +3.3% $829,700 −12.3% +4.7% $640,600 −11.4% +2.9%
Toronto E07 $988,600 −11.0% +3.0% $1,386,100 −9.9% +3.3% $1,098,800 −10.5% +4.5% $879,400 −8.6% +4.5% $641,600 −15.8% +0.4%
Toronto W06 $983,200 −9.4% +1.4% $1,366,600 −8.8% +2.6% $1,243,900 −7.2% +2.2% $1,049,900 −10.2% +2.4% $768,500 −10.9% +0.1%
Toronto W03 $981,400 −13.8% +0.9% $1,052,100 −13.1% +1.2% $1,014,200 −14.9% +0.3% $901,300 −10.5% +1.2% $600,100 −13.4% +2.9%
Durham Region $972,200 −17.0% +2.6% $1,058,800 −16.9% +2.8% $843,200 −16.2% +2.8% $670,000 −17.9% +1.4% $589,600 −18.9% +1.9%
Scugog $959,100 −15.8% +2.4% $976,100 −15.4% +3.2% $680,600 −20.7% +0.6% — n/a n/a — n/a n/a
Toronto E04 $940,000 −9.7% +3.4% $1,196,700 −7.3% +4.5% $999,000 −13.5% +3.2% $840,900 −13.6% +0.3% $556,900 −14.3% +2.0%
Toronto W04 $931,400 −11.2% +0.9% $1,227,000 −10.6% +1.8% $950,300 −13.7% +3.0% $731,400 −11.8% −0.3% $604,300 −13.4% −0.7%
Toronto C01 $906,800 −8.8% +2.5% $1,833,500 −7.3% +5.1% $1,572,100 −8.0% +5.2% $911,600 −11.9% +1.0% $825,900 −8.9% +2.1%
Toronto E09 $894,200 −9.8% +1.6% $1,171,600 −8.3% +2.5% $968,200 −9.4% +3.1% $708,100 −8.9% −1.9% $597,000 −14.0% +0.7%
Clarington $891,000 −13.1% +2.1% $980,300 −13.2% +2.2% $759,000 −9.4% +1.8% $673,700 −19.5% +1.8% $569,200 −17.7% +2.2%
Simcoe County $883,000 −16.2% −0.1% $931,400 −15.8% −0.4% $761,100 −15.3% +1.2% $630,800 −22.1% +2.1% $621,400 −13.2% +2.0%
Toronto E11 $863,800 −12.3% +2.4% $1,164,300 −11.0% +2.3% $970,900 −12.1% +2.6% $773,700 −11.5% +0.2% $526,300 −16.5% +4.0%
Toronto W05 $861,200 −10.8% +2.4% $1,236,400 −10.1% +3.9% $986,400 −10.9% +3.1% $681,400 −7.3% −0.9% $568,600 −16.4% +1.0%
Oshawa $859,600 −18.0% +2.4% $919,900 −18.0% +2.6% $732,200 −16.8% +2.6% $626,900 −18.6% +1.0% $521,900 −17.6% +3.6%
Toronto C08 $854,800 −8.9% +0.0% $2,324,600 −8.4% +5.1% $1,682,700 −7.4% +5.2% $1,186,000 −9.1% −0.6% $788,200 −8.7% −0.7%
New Tecumseth $849,900 −16.4% +0.7% $955,900 −15.9% +0.2% $700,300 −15.8% +0.9% $706,000 −21.7% +2.5% $610,800 −13.0% +2.1%
Georgina $843,900 −15.4% +1.5% $854,400 −15.0% +1.7% $724,100 −18.1% +1.6% — n/a n/a — n/a n/a
Toronto W10 $806,900 −15.6% +5.6% $1,080,500 −15.5% +8.1% $949,900 −17.2% +6.1% $715,800 −13.1% +2.1% $548,200 −17.8% +0.9%
Innisfil $804,500 −17.0% −0.1% $814,800 −16.5% −0.3% $671,900 −18.2% +3.3% $305,700 −17.8% +1.7% $647,400 −14.1% +2.1%
Dufferin County $800,400 −17.9% +2.2% $905,600 −17.5% +1.3% $709,900 −16.7% +1.6% $588,400 −18.9% +1.1% $523,100 −20.0% +1.0%
Orangeville $800,400 −17.9% +2.2% $905,600 −17.5% +1.3% $709,900 −16.7% +1.6% $588,400 −18.9% +1.1% $523,100 −20.0% +1.0%
Essa $767,300 −17.5% −0.6% $818,400 −16.8% −0.9% $680,100 −16.2% +1.5% $623,700 −22.1% +1.5% — n/a n/a
Brock $689,000 −16.5% +2.2% $688,400 −16.4% +2.2% — −100.0% n/a — n/a n/a — n/a n/a

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.