Source: TRREB MarketWatch, June 2025

MLS® Home Price Index

June 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 June 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 June 2025

Movers on the index

Composite, year-over-year

Top 10

  1. Toronto W02 +1.7%
  2. Toronto C02 +0.2%
  3. Scugog −0.0%
  4. Essa −0.7%
  5. Toronto C06 −1.2%
  6. Oakville −1.6%
  7. Toronto W04 −1.6%
  8. Georgina −2.5%
  9. Toronto W08 −2.5%
  10. New Tecumseth −2.7%

Bottom 10

  1. Toronto C13 −11.5%
  2. Toronto C14 −10.0%
  3. Toronto C12 −9.8%
  4. Markham −9.4%
  5. Burlington −9.4%
  6. Richmond Hill −9.4%
  7. Toronto C07 −8.7%
  8. Toronto E05 −8.7%
  9. Newmarket −8.3%
  10. Caledon −8.3%

Apartment, year-over-year

Top 10

  1. Toronto W03 −1.1%
  2. Toronto W02 −1.6%
  3. Oshawa −2.0%
  4. Toronto W01 −2.2%
  5. Toronto W04 −2.5%
  6. Bradford West Gwillimbury −2.8%
  7. Toronto W10 −2.8%
  8. Toronto W05 −3.1%
  9. Toronto C02 −4.1%
  10. Toronto C06 −4.1%

Bottom 10

  1. Toronto C03 −15.6%
  2. Toronto C09 −15.3%
  3. Toronto W06 −12.8%
  4. Toronto E01 −12.8%
  5. Toronto C11 −11.9%
  6. Toronto E03 −11.2%
  7. Toronto C04 −10.4%
  8. Toronto E02 −10.3%
  9. Toronto C07 −10.2%
  10. Toronto C12 −10.2%

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 $2,439,100 −9.8% −2.6% $3,304,500 −9.0% −4.3% $1,466,100 −3.4% +4.5% $1,288,300 −2.3% −1.3% $1,108,700 −10.2% −1.5%
Toronto C09 $1,967,300 −5.7% +0.7% $3,656,300 −6.4% −1.4% $2,342,400 −8.0% +0.6% $1,528,200 −1.9% −7.7% $921,000 −15.3% +3.0%
Toronto C04 $1,952,700 −3.8% −0.3% $2,565,500 −3.9% +0.3% $1,554,200 −6.9% +1.1% — n/a n/a $692,200 −10.4% −7.2%
King $1,719,800 −6.5% −2.0% $1,963,300 −7.1% −2.2% $862,000 −9.3% −3.0% — n/a n/a $650,800 −6.4% −1.3%
Toronto C03 $1,532,700 −4.3% +0.6% $1,983,700 −3.5% +1.6% $1,259,100 −1.8% −3.1% $1,425,400 −0.8% −8.1% $720,000 −15.6% −4.9%
Toronto C02 $1,393,300 +0.2% +2.4% $2,713,300 −3.8% −0.1% $1,941,500 +0.3% −1.3% $1,577,700 +1.3% −6.1% $898,900 −4.1% +7.2%
Toronto E02 $1,353,000 −3.5% −5.6% $1,781,800 −1.9% −6.6% $1,288,300 −5.1% −5.8% $978,900 −4.1% −3.2% $751,600 −10.3% −5.1%
Toronto W07 $1,309,600 −7.7% −3.5% $1,549,600 −4.3% −3.2% $1,207,700 −2.6% −3.2% — n/a n/a $586,000 −6.8% +1.8%
Richmond Hill $1,282,300 −9.4% −3.5% $1,680,600 −9.2% −4.3% $1,094,300 −9.5% −2.4% $848,400 −7.9% −1.7% $566,900 −8.2% −0.5%
Oakville $1,268,100 −1.6% −1.3% $1,755,700 −1.5% −1.9% $1,087,300 −3.2% −2.1% $805,600 −10.8% −0.8% $626,100 −7.5% +0.6%
Whitchurch-Stouffville $1,263,600 −7.5% −2.4% $1,398,700 −7.8% −3.1% $928,700 −8.0% −1.5% $751,300 −1.9% +2.3% $607,000 −7.3% −0.6%
Toronto W02 $1,235,600 +1.7% −2.2% $1,716,300 +1.6% −2.8% $1,287,500 +0.5% −2.7% $821,100 −5.6% −3.8% $667,500 −1.6% −2.5%
East Gwillimbury $1,231,800 −6.8% −1.5% $1,267,300 −7.0% −2.0% $884,800 −7.4% −0.7% — n/a n/a — n/a n/a
Aurora $1,227,000 −8.0% −4.3% $1,444,800 −8.7% −4.5% $996,300 −9.0% −5.8% $881,700 −1.2% +1.6% $566,700 −7.5% −0.6%
Vaughan $1,205,200 −8.1% −2.9% $1,607,400 −7.6% −3.2% $1,110,400 −6.7% −2.5% $847,300 −2.9% −0.8% $568,900 −9.4% −3.0%
York Region $1,188,800 −8.4% −2.6% $1,461,000 −8.4% −2.8% $1,054,900 −8.3% −2.2% $822,800 −5.6% −2.4% $575,900 −9.0% −2.1%
Toronto C11 $1,188,300 −3.0% +1.1% $2,281,600 −6.7% −1.7% $1,426,000 −7.3% −0.2% $663,300 −4.3% −1.6% $463,600 −11.9% −0.9%
Caledon $1,183,100 −8.3% +1.6% $1,295,600 −8.0% +1.2% $884,200 −5.2% +2.3% $754,200 −11.1% −4.0% $659,500 −8.8% −3.1%
Uxbridge $1,158,500 −3.3% −1.4% $1,225,400 −2.7% −1.6% $906,400 −2.0% −1.5% $708,400 −1.7% −1.0% $629,100 −7.3% −2.7%
Markham $1,154,800 −9.4% −1.7% $1,582,000 −9.6% −1.3% $1,120,900 −8.7% −1.5% $802,700 −8.5% −5.6% $592,600 −9.4% −2.4%
Toronto E03 $1,112,600 −4.1% +0.4% $1,287,400 −4.9% −0.1% $1,184,700 −4.2% +1.6% — n/a n/a $499,800 −11.2% −4.5%
Toronto C07 $1,099,100 −8.7% −0.8% $1,835,000 −8.3% −0.6% $1,090,400 −8.2% −1.1% $800,900 −4.9% −0.1% $676,500 −10.2% −1.7%
Toronto E01 $1,092,500 −6.8% −3.4% $1,481,200 −7.1% −3.3% $1,269,000 −5.5% −4.0% $848,700 −3.9% −3.8% $637,400 −12.8% −3.1%
Bradford West Gwillimbury $1,091,500 −3.3% −1.3% $1,142,400 −2.8% −1.3% $849,300 −3.0% −1.6% $629,700 −7.6% −2.5% $528,600 −2.8% −0.4%
Newmarket $1,090,100 −8.3% −1.1% $1,206,700 −8.0% −1.2% $874,300 −8.4% −1.8% $798,900 −1.3% +0.3% $510,200 −6.4% +0.4%
Toronto C13 $1,068,200 −11.5% −6.9% $1,727,400 −12.9% −8.5% $979,800 −10.1% −5.8% $842,800 −5.1% −2.0% $635,300 −8.7% −3.6%
Toronto W01 $1,062,600 −3.6% −2.3% $2,026,500 −8.5% −4.8% $1,328,900 −8.6% −5.2% $720,700 −10.9% +2.5% $619,900 −2.2% −0.8%
Halton Hills $1,048,100 −4.7% −3.3% $1,131,900 −5.2% −3.7% $816,400 −3.6% −2.7% $625,200 −7.7% −1.2% $590,000 −6.3% +0.1%
Toronto C06 $1,046,100 −1.2% −0.0% $1,580,700 −4.0% +0.2% $1,230,500 −3.2% +4.2% $807,700 −7.4% −3.6% $541,000 −4.1% −0.8%
Halton Region $1,029,200 −5.0% −2.2% $1,388,600 −5.4% −3.2% $949,700 −4.2% −2.7% $736,800 −9.2% −0.9% $583,600 −6.6% +0.5%
Toronto E06 $1,026,000 −6.9% +4.6% $1,146,600 −6.8% +6.1% $947,500 −7.4% +7.0% $744,700 −7.8% +2.3% $581,800 −10.2% −7.0%
Toronto W08 $1,023,600 −2.5% −0.7% $1,699,400 −5.7% −2.0% $1,193,300 −4.4% −2.2% $803,700 −0.6% −0.2% $567,000 −6.3% −0.3%
All TRREB Areas $995,100 −5.5% −1.7% $1,296,200 −6.0% −2.0% $988,800 −5.7% −1.9% $739,500 −7.1% −2.1% $585,100 −8.0% −1.4%
Scugog $982,300 −0.0% −0.6% $980,100 +0.1% −1.0% $754,600 −0.3% −0.4% — n/a n/a — n/a n/a
City of Toronto $975,400 −4.4% −1.2% $1,541,900 −6.2% −1.4% $1,213,700 −4.3% −1.7% $778,200 −6.0% −2.6% $599,700 −7.9% −1.7%
Toronto E10 $972,600 −4.4% −1.4% $1,138,800 −5.7% −0.9% $842,800 −6.0% −1.2% $599,900 −7.4% −6.3% $461,400 −7.7% −3.1%
Whitby $965,400 −4.5% −2.2% $1,046,200 −5.5% −2.2% $778,700 −5.5% −3.5% $637,500 −2.5% +0.4% $551,800 −6.3% −1.6%
Toronto C14 $957,200 −10.0% −1.8% $2,122,900 −12.1% −2.7% $1,348,000 −12.9% −2.4% $720,300 −15.5% −7.2% $632,100 −9.1% −2.2%
Mississauga $944,500 −5.3% −2.2% $1,372,100 −6.6% −2.7% $950,100 −7.1% −2.4% $763,700 −6.8% −2.9% $551,300 −9.6% −1.1%
Peel Region $944,200 −5.9% −1.6% $1,222,700 −6.3% −1.8% $876,800 −6.4% −1.6% $729,300 −7.4% −3.0% $540,200 −9.4% −0.7%
Pickering $938,100 −4.5% −1.5% $1,138,800 −5.2% −1.6% $838,600 −5.5% −2.1% $676,700 −2.2% −1.2% $528,200 −7.7% −2.0%
Milton $935,600 −4.0% −2.3% $1,236,100 −3.8% −3.4% $859,700 −4.4% −2.9% $678,100 −10.9% −0.7% $565,700 −6.1% +0.7%
Toronto W03 $926,800 −3.4% −4.4% $1,009,000 −3.5% −5.0% $986,200 −1.9% −4.3% $731,000 −6.6% −0.3% $564,800 −1.1% −2.7%
Toronto W09 $919,400 −5.3% −5.1% $1,266,500 −8.3% −5.4% $1,027,400 −3.4% +2.1% $748,800 −9.2% +4.1% $456,700 −7.6% −10.6%
Toronto C10 $908,900 −8.0% −0.7% $1,931,700 −8.8% −3.1% $1,475,500 −10.4% −2.8% $940,700 +3.0% −5.8% $627,000 −9.6% −0.9%
Ajax $908,300 −5.5% −1.4% $989,300 −6.2% −1.5% $820,900 −5.5% −2.0% $686,600 −1.9% −0.3% $501,800 −6.7% −1.9%
Brampton $907,200 −6.8% −1.6% $1,072,200 −6.8% −1.6% $827,200 −6.7% −1.5% $628,200 −10.9% −3.6% $475,200 −8.8% +2.1%
Toronto E08 $874,500 −4.1% +3.5% $1,149,000 −6.8% +4.6% $870,600 −9.3% +8.8% $691,300 −3.4% +2.7% $516,200 −4.2% −3.7%
Durham Region $871,800 −4.4% −1.9% $949,400 −4.7% −2.0% $750,600 −5.0% −2.5% $623,700 −3.8% −1.1% $515,400 −5.9% −1.8%
Burlington $871,100 −9.4% −3.1% $1,197,500 −11.5% −5.0% $911,300 −9.5% −3.8% $722,500 −7.0% −0.8% $560,300 −6.2% +0.3%
Toronto C15 $864,000 −8.0% −3.5% $1,715,600 −10.8% −3.3% $1,039,100 −11.4% −3.7% $785,600 −9.1% −3.3% $573,800 −8.3% −3.7%
Simcoe County $863,000 −2.1% −0.6% $906,400 −1.9% −0.3% $734,100 −3.6% +0.1% $632,100 −8.6% −4.0% $527,600 −7.4% −0.2%
Toronto W04 $862,600 −1.6% −3.1% $1,127,600 −3.0% −3.0% $914,100 −3.2% −0.8% $659,400 −5.6% +0.3% $546,800 −2.5% −5.0%
New Tecumseth $831,300 −2.7% +0.1% $920,900 −2.2% +0.9% $713,300 −2.6% +0.8% $629,300 −9.5% −4.1% $495,400 −9.8% −0.1%
Toronto W06 $830,500 −5.9% −3.2% $1,221,700 −4.6% −3.5% $1,143,100 −2.8% −3.4% $870,800 −2.4% +0.2% $599,200 −12.8% −4.7%
Toronto E05 $825,700 −8.7% −1.8% $1,185,700 −10.3% −0.8% $917,200 −10.9% −0.1% $753,100 −3.3% −2.5% $518,500 −9.0% −4.0%
Toronto E07 $814,000 −7.4% −1.7% $1,158,300 −8.7% −1.7% $919,800 −9.1% −1.9% $804,200 −3.2% −1.6% $551,600 −5.3% −2.1%
Toronto W05 $797,000 −3.6% −0.5% $1,134,500 −5.3% −1.3% $929,400 −5.2% −1.4% $614,900 −9.7% +1.0% $510,100 −3.1% −0.9%
Georgina $794,800 −2.5% −2.4% $786,200 −2.9% −2.7% $701,800 −4.8% +0.4% — n/a n/a — n/a n/a
Clarington $791,300 −4.2% −3.6% $880,100 −4.1% −3.6% $684,600 −3.6% −3.7% $597,100 −5.9% −1.0% $507,000 −5.8% −2.3%
Essa $785,800 −0.7% +0.8% $815,400 −1.4% +0.9% $677,000 −1.8% +1.0% $595,700 −9.5% −3.4% — n/a n/a
Toronto E04 $783,700 −7.4% −0.5% $979,700 −8.6% −0.6% $817,300 −9.0% −1.1% $748,100 −7.0% +1.2% $461,100 −8.6% −1.6%
Oshawa $771,500 −5.6% −1.6% $825,800 −6.0% −1.6% $660,400 −6.0% −2.2% $551,500 −6.9% −2.1% $460,800 −2.0% −0.8%
Toronto E09 $769,400 −6.1% −1.5% $962,300 −9.9% −1.2% $810,000 −9.8% −0.1% $622,200 −7.4% −2.9% $501,600 −7.3% −3.2%
Innisfil $755,000 −3.9% −1.6% $771,500 −3.9% −1.4% $601,300 −7.8% −0.5% $858,600 +2.4% −4.1% $553,400 −8.2% −0.5%
Toronto E11 $748,900 −6.5% +1.7% $1,024,700 −5.1% +3.2% $850,500 −4.7% +4.7% $648,600 −9.8% −5.2% $475,400 −6.7% −1.8%
Toronto W10 $747,300 −3.3% −3.1% $952,000 −8.2% −3.8% $838,400 −9.4% −3.8% $648,600 −7.8% −0.4% $501,400 −2.8% −1.6%
Dufferin County $736,000 −6.9% −2.7% $844,800 −6.2% −3.1% $671,000 −7.4% −2.0% $526,700 −10.5% −3.6% $444,900 −6.8% +3.8%
Orangeville $736,000 −6.9% −2.7% $844,800 −6.2% −3.1% $671,000 −7.4% −2.0% $526,700 −10.5% −3.6% $444,900 −6.8% +3.8%
Toronto C01 $707,900 −5.7% −0.7% $1,808,300 −0.3% +1.7% $1,444,000 −2.8% +1.1% $738,900 −10.8% −5.7% $607,900 −8.2% −1.7%
Toronto C08 $610,400 −7.3% −1.2% $2,085,100 −11.2% −2.6% $1,384,400 −11.4% −0.9% $921,400 −4.9% −3.3% $552,800 −7.9% −1.1%

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.