Source: TRREB MarketWatch, April 2025

MLS® Home Price Index

April 2025

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 2025

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 2025

Movers on the index

Composite, year-over-year

Top 10

  1. Scugog +4.9%
  2. Toronto E02 +4.3%
  3. Toronto W02 +1.3%
  4. Uxbridge +0.9%
  5. Innisfil −0.6%
  6. Toronto W10 −1.0%
  7. Toronto C02 −1.6%
  8. Toronto C06 −1.6%
  9. Toronto W01 −1.8%
  10. Bradford West Gwillimbury −2.0%

Bottom 10

  1. Toronto W07 −12.8%
  2. Toronto C08 −12.6%
  3. Toronto C14 −10.6%
  4. Oakville −10.5%
  5. Toronto E04 −10.2%
  6. Toronto E05 −9.3%
  7. Toronto E06 −8.8%
  8. Toronto W09 −8.3%
  9. Toronto C10 −8.1%
  10. Markham −8.1%

Apartment, year-over-year

Top 10

  1. Toronto W03 +3.3%
  2. Toronto W04 +2.8%
  3. Toronto W02 +1.7%
  4. Toronto C04 +1.6%
  5. Toronto W01 +1.0%
  6. Bradford West Gwillimbury +0.2%
  7. Oshawa −0.6%
  8. Toronto W05 −1.1%
  9. Toronto E08 −1.1%
  10. Toronto C13 −2.1%

Bottom 10

  1. Toronto C08 −14.6%
  2. Toronto C14 −12.6%
  3. Toronto W09 −11.8%
  4. Brampton −11.3%
  5. Orangeville −11.2%
  6. Toronto W07 −10.7%
  7. Toronto C09 −9.9%
  8. Toronto C01 −9.3%
  9. Toronto C10 −9.0%
  10. Markham −8.7%

Every area

71 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 $2,519,100 −7.6% −9.3% $3,467,100 −6.1% −8.1% $1,359,800 −12.8% −0.4% $1,249,300 −5.1% −4.3% $1,154,500 −4.7% −10.9%
Toronto C04 $1,982,500 −3.4% −3.3% $2,585,300 −4.3% −1.5% $1,565,400 −9.6% −5.9% — n/a n/a $751,700 +1.6% −3.1%
Toronto C09 $1,923,400 −7.9% −15.6% $3,607,900 −10.2% −12.2% $2,369,500 −9.0% −10.3% $1,548,300 −3.7% −2.0% $909,700 −9.9% −14.7%
King $1,737,500 −4.3% −2.9% $1,992,300 −3.9% −5.2% $885,800 −5.4% −7.3% — n/a n/a $678,500 −2.8% −0.0%
Toronto C03 $1,578,500 −4.6% −6.1% $2,033,400 −5.9% −6.0% $1,313,300 −1.8% −5.5% $1,457,200 −0.9% −13.2% $765,400 −6.8% −6.3%
Toronto C02 $1,429,200 −1.6% −4.5% $2,867,100 −6.3% −5.3% $2,071,200 −4.8% +0.2% $1,536,100 −2.8% +16.8% $883,200 −3.5% −9.2%
Toronto E02 $1,419,700 +4.3% +1.0% $1,892,200 +8.1% −3.8% $1,370,500 +3.3% −0.9% $986,800 +1.1% −5.1% $753,000 −8.4% −4.2%
Richmond Hill $1,342,700 −5.8% −4.3% $1,763,900 −5.5% −5.2% $1,146,500 −5.2% −3.9% $855,200 −6.5% −5.3% $586,700 −5.3% −4.4%
Whitchurch-Stouffville $1,322,500 −4.7% −3.0% $1,468,700 −4.9% −2.6% $976,200 −5.1% −6.6% $762,000 −4.9% −13.0% $636,600 −2.3% +5.6%
Toronto W07 $1,302,700 −12.8% −8.4% $1,520,500 −10.5% −10.5% $1,174,500 −9.9% −7.8% — n/a n/a $583,900 −10.7% −3.3%
Aurora $1,288,200 −5.6% −6.1% $1,515,800 −6.4% −6.2% $1,049,400 −6.6% −8.5% $891,800 −3.1% −5.2% $593,400 −3.3% −9.0%
Toronto W02 $1,282,900 +1.3% −0.7% $1,799,400 −0.5% +2.8% $1,358,100 +2.7% −1.0% $828,300 −5.2% −18.8% $687,200 +1.7% −2.3%
East Gwillimbury $1,261,800 −4.2% −1.9% $1,301,400 −4.2% −1.7% $911,900 −4.9% +2.2% — n/a n/a — n/a n/a
Vaughan $1,252,500 −4.5% −4.1% $1,670,400 −3.6% −2.8% $1,145,000 −3.2% −3.3% $863,500 −3.1% −6.6% $598,300 −4.4% −10.0%
York Region $1,229,500 −6.0% −4.5% $1,510,100 −5.8% −4.2% $1,093,500 −5.2% −4.6% $842,600 −5.0% −7.9% $597,100 −6.0% −8.1%
Oakville $1,221,600 −10.5% −5.8% $1,727,200 −9.5% −2.5% $1,073,100 −9.2% −6.2% $850,300 −6.4% −4.8% $629,000 −7.5% −1.5%
Caledon $1,204,700 −7.9% −7.3% $1,313,600 −7.6% −7.2% $902,500 −6.4% −5.0% $803,900 −4.9% −20.9% $693,300 −3.9% +1.3%
Uxbridge $1,189,400 +0.9% −6.4% $1,260,200 +1.8% −7.2% $926,900 +2.0% −8.5% $729,100 −2.1% +13.6% $648,000 −4.7% −6.0%
Markham $1,179,500 −8.1% −5.6% $1,608,700 −8.4% −5.1% $1,152,900 −6.3% −4.9% $833,200 −6.1% −9.7% $604,100 −8.7% −8.8%
Toronto C11 $1,165,300 −5.3% −11.9% $2,273,500 −9.1% −13.4% $1,411,700 −11.2% −9.1% $665,900 −1.6% −4.1% $467,900 −7.7% −6.2%
Toronto C13 $1,140,300 −5.9% −4.9% $1,856,700 −7.2% −2.3% $1,043,300 −4.1% −0.2% $837,500 −4.4% −4.7% $669,800 −2.1% −7.7%
Toronto E03 $1,136,000 −3.6% −6.3% $1,316,300 −3.9% −5.7% $1,198,700 −4.0% −8.1% — n/a n/a $510,000 −7.0% −13.6%
Toronto E01 $1,130,600 −3.4% −3.0% $1,529,500 −3.5% −0.2% $1,315,100 −2.6% −0.7% $855,200 +1.4% −9.8% $668,500 −6.4% −6.4%
Newmarket $1,122,200 −7.3% −5.3% $1,242,900 −6.7% −5.1% $908,100 −6.6% −6.3% $816,800 −3.4% −6.0% $526,000 −3.1% −11.5%
Toronto C07 $1,115,400 −7.4% −2.4% $1,853,200 −7.8% −4.9% $1,093,900 −7.7% −10.2% $780,700 −7.5% −7.3% $697,000 −5.5% +0.4%
Toronto W01 $1,096,700 −1.8% −4.5% $2,146,400 −4.7% +5.5% $1,416,600 −3.7% −1.8% $724,200 −8.4% −14.3% $626,100 +1.0% −7.2%
Bradford West Gwillimbury $1,081,000 −2.0% −1.4% $1,132,200 −0.9% −2.4% $846,900 −1.6% −6.1% $632,500 −6.9% +26.7% $551,900 +0.2% +5.1%
Toronto C06 $1,056,700 −1.6% −2.4% $1,605,400 −5.4% +0.4% $1,231,000 −3.2% −3.2% $803,200 −10.5% −8.6% $532,200 −7.6% −9.1%
Halton Hills $1,045,600 −7.8% −2.6% $1,146,200 −6.7% −2.7% $813,200 −7.5% −2.6% $643,100 −6.0% −4.3% $591,000 −6.1% −3.4%
Halton Region $1,026,200 −8.9% −5.7% $1,410,800 −8.6% −0.7% $942,300 −8.6% −3.6% $764,700 −6.3% −5.1% $585,100 −6.4% −3.3%
All TRREB Areas $1,009,400 −5.4% −5.5% $1,318,100 −5.7% −4.0% $1,015,300 −4.5% −4.3% $758,400 −5.1% −5.2% $593,000 −7.3% −8.1%
Toronto E10 $1,007,700 −3.6% −2.6% $1,173,400 −6.0% −3.3% $878,900 −5.5% −3.4% $625,200 −2.4% −7.5% $492,000 −4.5% +0.6%
Scugog $1,002,400 +4.9% +5.9% $1,002,100 +5.1% +6.0% $757,200 −0.5% −4.3% — n/a n/a — n/a n/a
Toronto E06 $1,002,300 −8.8% −8.3% $1,109,500 −9.5% −7.0% $922,400 −10.3% −3.5% $711,200 −10.3% −9.1% $598,400 −7.6% −16.3%
Toronto W08 $998,700 −5.2% −5.8% $1,643,200 −9.8% −6.8% $1,165,500 −8.8% −13.3% $782,000 −3.9% +1.3% $573,500 −5.7% −1.2%
Whitby $993,000 −3.2% −4.3% $1,076,600 −3.8% −3.7% $812,400 −3.2% −5.8% $642,200 +2.3% −1.5% $568,900 −3.8% +1.0%
City of Toronto $985,400 −4.5% −7.0% $1,559,500 −6.6% −5.1% $1,248,500 −3.2% −3.1% $788,600 −3.7% −7.9% $606,500 −7.6% −9.8%
Mississauga $964,700 −3.5% −5.7% $1,410,000 −4.3% −4.6% $974,300 −4.9% −4.5% $786,200 −4.5% −3.5% $556,300 −8.6% −2.0%
Toronto C14 $963,500 −10.6% −8.9% $2,144,200 −9.4% −8.3% $1,359,600 −11.2% −10.7% $803,200 −5.5% −8.1% $637,200 −12.6% −10.2%
Pickering $960,300 −3.3% −2.9% $1,163,500 −3.7% −3.6% $862,100 −3.1% −2.2% $686,400 −3.5% +3.1% $548,200 −5.1% −4.0%
Peel Region $959,500 −5.4% −5.5% $1,243,400 −5.6% −5.1% $890,100 −6.2% −5.5% $753,300 −4.9% −3.3% $545,000 −8.9% −2.1%
Toronto W03 $945,600 −4.2% −5.0% $1,021,900 −5.1% −5.3% $1,017,800 −1.3% −2.1% $730,900 −6.6% −6.0% $583,100 +3.3% −7.3%
Milton $930,200 −8.1% −5.9% $1,232,000 −8.0% −3.1% $857,400 −8.0% −4.2% $717,200 −6.6% −6.8% $567,700 −6.1% −5.8%
Ajax $920,500 −4.9% −3.8% $1,006,900 −5.1% −6.4% $837,500 −4.7% −4.4% $692,400 −3.6% +2.0% $519,400 −4.3% −1.2%
Brampton $916,100 −7.9% −4.9% $1,079,600 −8.0% −5.0% $833,100 −7.8% −6.3% $659,900 −7.5% −3.7% $476,800 −11.3% −3.1%
Toronto C10 $915,000 −8.1% −5.0% $1,993,700 −5.7% −7.9% $1,501,100 −7.4% −3.6% $938,400 +0.9% −5.8% $631,700 −9.0% −5.6%
Burlington $905,600 −8.0% −5.0% $1,292,800 −7.8% +4.5% $943,900 −8.5% +1.5% $730,900 −6.4% −4.4% $561,300 −5.9% −3.6%
Toronto C15 $896,100 −4.3% −5.2% $1,802,700 −5.0% −5.7% $1,090,100 −5.3% −3.9% $832,900 −0.7% −6.8% $585,100 −8.1% −3.9%
Toronto W09 $895,300 −8.3% −7.5% $1,231,900 −10.2% −7.5% $981,100 −2.4% −14.5% $746,300 −9.2% −9.8% $462,100 −11.8% −1.6%
Durham Region $891,600 −3.1% −3.3% $971,700 −3.2% −3.5% $773,400 −3.2% −4.1% $634,400 −3.7% −1.1% $531,900 −3.4% −1.2%
Toronto W04 $865,000 −2.5% −7.1% $1,107,300 −6.7% −7.8% $926,100 −2.0% +0.9% $654,800 −6.0% −7.7% $577,600 +2.8% −5.6%
Toronto E08 $863,300 −5.8% −7.5% $1,123,400 −9.1% −6.3% $841,200 −10.9% +2.3% $661,000 −6.0% −10.8% $544,500 −1.1% −0.7%
Simcoe County $847,800 −1.0% −4.1% $888,900 −0.6% −3.8% $745,200 +0.1% −3.6% $656,000 −5.3% +0.3% $548,000 −4.8% −4.4%
Toronto E05 $837,800 −9.3% −7.4% $1,205,700 −11.8% −6.3% $942,500 −11.6% −5.7% $720,800 −10.3% −11.5% $537,300 −4.9% −8.0%
Toronto E07 $831,100 −6.8% −7.0% $1,195,200 −6.6% −2.1% $954,200 −7.2% −6.2% $837,900 −2.0% −5.4% $555,000 −6.4% −5.2%
Toronto W06 $828,500 −7.3% −11.1% $1,196,400 −11.4% −5.4% $1,103,200 −10.9% −7.4% $854,800 −4.1% −12.0% $619,500 −8.3% −13.0%
Clarington $817,200 −2.7% −3.7% $908,400 −2.4% −3.5% $712,800 −2.4% −4.8% $602,200 −6.3% −4.3% $523,800 −3.3% +3.6%
New Tecumseth $816,700 −2.6% −3.2% $900,000 −2.1% −2.7% $707,700 −1.2% −0.2% $664,800 −4.7% −5.3% $514,100 −7.5% −5.0%
Toronto W05 $810,900 −2.4% −1.0% $1,166,300 −3.7% +2.5% $951,800 −3.8% +0.9% $613,600 −7.3% −6.6% $528,500 −1.1% −1.1%
Georgina $804,100 −2.4% −1.6% $797,400 −2.6% −2.5% $709,300 −3.9% +1.7% — n/a n/a — n/a n/a
Oshawa $786,300 −5.1% −3.4% $841,900 −5.6% −2.6% $679,000 −3.2% −3.5% $568,700 −6.2% −6.4% $468,900 −0.6% −4.5%
Toronto E09 $785,000 −5.4% −7.3% $983,500 −9.8% −5.7% $820,700 −10.2% −6.9% $638,700 −3.1% −8.4% $512,500 −6.6% −9.5%
Toronto E04 $773,100 −10.2% −8.0% $953,800 −13.2% −7.4% $824,900 −9.8% −8.9% $722,700 −9.1% −9.8% $481,700 −6.3% −7.8%
Toronto W10 $768,800 −1.0% −4.0% $997,500 −4.1% −2.6% $887,100 −3.8% +1.0% $651,700 −6.3% −8.1% $503,300 −4.2% −4.4%
Dufferin County $766,400 −2.2% −2.1% $876,800 −1.7% −1.4% $700,300 −1.9% −0.4% $563,000 −4.1% −3.3% $441,400 −11.2% +4.9%
Orangeville $766,400 −2.2% −2.1% $876,800 −1.7% −1.4% $700,300 −1.9% −0.4% $563,000 −4.1% −3.3% $441,400 −11.2% +4.9%
Innisfil $752,800 −0.6% −6.5% $767,400 −0.8% −5.2% $632,300 −0.1% −3.1% $789,800 −7.2% +148.3% $577,000 −4.4% −8.1%
Essa $749,500 −2.5% −3.9% $788,100 −1.5% −2.2% $664,300 −2.0% −1.7% $621,200 −5.0% −3.4% — n/a n/a
Toronto E11 $741,500 −7.8% −5.6% $1,002,000 −7.0% −6.7% $816,500 −8.0% −8.7% $694,700 −1.4% −1.5% $481,700 −7.6% −3.4%
Toronto C01 $707,200 −6.9% −11.5% $1,811,700 −2.2% −0.1% $1,457,700 −4.0% −0.0% $778,100 −3.3% −10.8% $609,000 −9.3% −13.7%
Toronto C08 $601,400 −12.6% −17.7% $2,138,500 −6.4% −1.7% $1,420,400 −8.4% −2.9% $926,200 −2.0% −9.5% $539,800 −14.6% −19.6%

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.