Prices turned: up 0.7% in August, down 2.3% in September.
C04 was one of three districts in the city with a rising benchmark in August. In September it is down 2.33% on the year — still the third-best result in central Toronto.
Fifty-four sales in September, up from 36, at an average of $2,176,506 and a median of $1,984,000. Thirty-seven of them were detached houses, so the two numbers sit close together. Homes sold at 97% of asking in 27 days, on 4.0 months of inventory.
The benchmark is $1,862,100, down 2.33% on the year; in August it was up 0.66%. Detached, $2,390,800, is down 3.58%, from 0.17% in August. The small condo segment, $690,500, is down 3.55%. That is still a smaller fall than the City of Toronto's 3.84%, but it is no longer a rise.
Demand here moves on schools and lot sizes more than on interest rates, and that buyer is still active: new listings doubled, from 103 to 207, and sales rose with them. Sellers should price to September, not to the spring. Buyers will find more choice than in August. Ask for the current read before you offer.
MLS® HPI Benchmarks · C04 · September 2026 · y/y
| Composite | $1,862,100 | -2.33% |
| SF Detached | $2,390,800 | -3.58% |
| SF Attached | $1,394,600 | -5.17% |
| Apartment | $690,500 | -3.55% |
Figures: TRREB Market Watch, September 2026, and MLS® Home Price Index (September 2026), extracted and arithmetically verified; subject to TRREB revision. Refreshed with each monthly cycle. Not intended to solicit buyers or sellers currently under contract. Eric Geng, Salesperson, RE/MAX City Accord Realty Inc., Brokerage. Each Office Independently Owned and Operated.