Corridor Intelligence / W04 Weston, Mount Dennis and Eglinton West
W04 got the transit. The prices never followed.
Weston, Mount Dennis, Briar Hill-Belgravia, Yorkdale-Glen Park, Beechborough-Greenbrook, Brookhaven-Amesbury, Humberlea-Pelmo Park W4, Maple Leaf and Rustic. In the twelve months to September 2026 this district got a new four-mode transit hub and the west end of Line 5 Eglinton. Over the same stretch its benchmark price fell further than the City of Toronto's on houses and on the all-homes measure — but for the first time in this run, not on condos. Here is what the data says, and how we price against it.
Data through September 2026 / TRREB Market Watch, Community, Condo and Rental Market Reports / Reviewed monthly / Eric Geng, Salesperson, RE/MAX City Accord Realty Inc., Brokerage
The short version
"The infrastructure arrived and the price lift did not." Mount Dennis station opened to GO, UP Express and TTC on 16 November 2025. Line 5 Eglinton opened on 8 February 2026, with Mount Dennis as its west end. Over the year to September 2026 W04's benchmark price fell 4.50%. The City of Toronto fell 3.84% and the whole TRREB region fell 4.65%. The benchmark price is TRREB's measure of a typical home, adjusted so a change in what sold does not move it. The gap to the City narrowed from 3.45 points in August — the widest of this run — to 0.66 in September, the narrowest since the transit opened. The condo benchmark fell 4.75%, now milder than the City's 6.36% and the third-mildest of the six districts we cover, after being the worst a month ago. In June 2025 W04 was the one doing better, down only 1.61% while the City was down 4.43%. It went from leading to lagging over exactly the months its transit was delivered. A year on it still lags, but by less than a point. One month does not reverse a year; it does mean the "transit got nothing" story needs a smaller font.
The reason is still supply, and the supply is thinning. W04 had 5.5 months of supply in September 2026, second only to W05 among the ten Toronto West districts. Months of supply is how long the homes for sale would last at the current pace of sales. Only 36.0% of new listings sold, the lowest rate in Toronto West. Condo apartments were 34% of new listings in the second quarter but only 30% of sales. Houses are still working: detached sold at 101% of asking in 38 days, on 18 sales. Condos had their biggest month of this run — 25 sales at 95% of asking in 43 days, after 13 in August — and on our calculation their months of supply halved, from 8.9 to 5.0. That is one month, on 25 sales, and the average they sold at was $431,996, down 14% from August. Read it as the glut thinning, not clearing. This is a working house market with a condo overhang that just got smaller, and the transit is still being soaked up by listings before it reaches price.
Source: TRREB Market Watch, September 2026 and June 2025, City of Toronto municipal breakdown, pp. 4, 8, 16 and 26.
Market snapshot, by home type
In June this was the one corridor we cover where the district average sat below the district median. A deep, cheap condo segment was pulling the average under a middle set by houses. The median is the middle price — half the sales are above it, half below. September kept the average on top, $677,004 against $616,250, but both fell hard as detached dropped to 18 of 54 sales and condos rose to 25. The structure has not changed: even a condo-heavy month left the average above the median.
| Home type | Sales | Avg price | Median | New listings | Active | % of asking | Days to sell |
|---|---|---|---|---|---|---|---|
| All home types | 54 | $677,004 | $616,250 | 161 | 286 | 98% | 42 |
| Detached | 18 | $995,100 | $997,000 | 77 | 123 | 101% | 38 |
| Semi-detached | 4 | — | — | 11 | 10 | — | — |
| Att/row/townhouse | 4 | — | — | 1 | 4 | — | — |
| Condo townhouse | 3 | — | — | 10 | 24 | — | — |
| Condo apartment | 25 | $431,996 | $380,000 | 61 | 124 | 95% | 43 |
Source: TRREB Market Watch, September 2026, pp. 4, 8, 10, 12, 14, 16. District share of new listings that sold (trend) 36.0%; months of supply (trend) 5.5. TRREB publishes those two only for all home types together. W04 recorded no att/row/townhouse sales in May or June 2026, one in each of July and August, and four in September — too few for a price signal.
Against the corridors we cover
Six corridors, ranked by how fast they sell. The east end is tight and sells at or above asking. The downtown condo districts are loose and sell below it.
| Market | Sales | Avg price | Median | Active | Months of supply | % of asking | Days to sell |
|---|---|---|---|---|---|---|---|
| Toronto E01 / Leslieville | 64 | $1,223,544 | $1,221,500 | 160 | 2.4 | 109% | 18 |
| Toronto E03 / Danforth East | 66 | $1,122,091 | $1,029,750 | 164 | 2.7 | 100% | 27 |
| Toronto W06 / Mimico | 82 | $891,517 | $756,250 | 414 | 4.6 | 98% | 35 |
| Toronto C01 / Waterfront | 241 | $804,651 | $635,000 | 1,322 | 4.9 | 99% | 35 |
| Toronto W04 / Weston | 54 | $677,004 | $616,250 | 286 | 5.5 | 98% | 42 |
| Toronto C08 / East Bayfront | 146 | $646,347 | $562,500 | 846 | 5.9 | 97% | 40 |
| City of Toronto | 1,937 | $1,034,320 | $810,000 | 9,865 | 4.6 | 99% | 33 |
| All TRREB areas | 5,040 | $1,006,409 | $860,000 | 26,131 | 4.6 | 98% | 34 |
Source: TRREB Market Watch, September 2026, all home types, City of Toronto municipal breakdown and All TRREB Areas summary. Months of supply is TRREB's published 12-month trend figure.
And on where prices went over twelve months, which is the measure that strips out what happened to sell.
| Market | Benchmark price | All homes, 1 yr | Detached, 1 yr | Attached, 1 yr | Condo, 1 yr |
|---|---|---|---|---|---|
| Toronto W06 | $832,100 | +1.24% | +1.41% | +3.42% | -1.17% |
| City of Toronto | $908,200 | -3.84% | -4.48% | -4.94% | -6.36% |
| Toronto E01 | $1,032,000 | -4.26% | -7.39% | -5.60% | -4.47% |
| Toronto W04 | $782,300 | -4.50% | -6.29% | -4.63% | -4.75% |
| Toronto E03 | $1,016,900 | -5.82% | -5.98% | -7.82% | -7.69% |
| Toronto C01 | $645,400 | -5.87% | -6.45% | -6.83% | -6.88% |
| Toronto C08 | $546,800 | -7.49% | -21.18% | -18.21% | -5.51% |
Source: TRREB Market Watch, September 2026, p.26. These are TRREB's own published year-over-year figures. TRREB revises its price history, so doing the arithmetic on the index does not reproduce them. TRREB publishes no townhouse benchmark for E03.
The most useful single comparison on this page: in September, downtown out-averaged Weston again — $804,651 for C01 against $677,004 for W04, a month after Weston was ahead. Nothing repriced. In August detached was 29 of W04's 49 sales; in September it was 18 of 54, and condos were 25. A TRREB district average tracks what kind of home sold far more than it tracks where, and W04's swung 18% in a month to prove it. The condo overhang is smaller than it was: on our calculation 5.0 months of condo supply against 5.9 in C01, down from 8.9 in August, on 25 condo sales at 95% of asking in 43 days.
Nine communities, and the two that matter are not Weston
W04 is not a neighbourhood. It is a TRREB district made of nine MLS communities, and the district figures above are a blend of all nine.
| Community | Sales | Share | Avg price | Median | Condo share | % of asking | Days to sell |
|---|---|---|---|---|---|---|---|
| Yorkdale-Glen Park | 39 | 21.2% | $789,387 | $560,000 | 54% | 98% | 35 |
| Briar Hill-Belgravia | 32 | 17.4% | $757,422 | $725,000 | 38% | 98% | 32 |
| Weston | 26 | 14.1% | $683,400 | $690,000 | 35% | 98% | 37 |
| Brookhaven-Amesbury | 20 | 10.9% | $903,945 | $920,000 | 15% | 98% | 24 |
| Maple Leaf | 20 | 10.9% | $1,069,260 | $1,079,500 | 5% | 100% | 30 |
| Mount Dennis | 17 | 9.2% | $669,200 | $555,000 | 47% | 101% | 25 |
| Beechborough-Greenbrook | 13 | 7.1% | $780,146 | $750,000 | 15% | 97% | 24 |
| Rustic | 9 | 4.9% | $1,014,111 | $990,000 | 0% | 102% | 33 |
| Humberlea-Pelmo Park W4 | 8 | 4.3% | $1,178,625 | $1,184,500 | 0% | 99% | 30 |
| W04 total | 184 | 100% | — | — | 30.4% | — | — |
Source: TRREB Community Housing Market Report, Toronto West, Q2 2026, Toronto W04 Community Breakdown, all home types. Our extraction sums to 184 sales across the nine communities, and the condo column sums to 56, matching TRREB's Condo Market Report Q2 2026 W04 row. Shares and condo shares calculated by us. TRREB withholds figures where there were two sales or fewer. Quarterly and all home types, so not directly comparable to the monthly figures above.
Weston and Mount Dennis together were 43 of 184 sales — 23% of the district that carries their name. Briar Hill-Belgravia and Yorkdale-Glen Park were 39% between them. Both sit mid-way along Eglinton rather than at the Mount Dennis end. The listing pipeline still leans more to condos than the sales do: 177 of 528 new listings in the second quarter, 34%, were condo apartments, against 30% of sales. That gap is the glut, in one number, and it is narrower than it was. Two boundary notes. Weston-Pellam Park is in W03, not W04 — the most common comparable-search error in this district. And Humberlea-Pelmo Park W4 is a different community from Humberlea-Pelmo Park W5, which sits in W05.
Briar Hill-Belgravia
Mid-way along Eglinton, and the one place in W04 where condo listings actually clear: 71% of its new condo listings sold, against 32% across the district, at 98% of asking overall on 32 sales. Its condo apartments averaged $592,000, 32% above Weston's $449,000. If the Line 5 price lift is showing up anywhere in this district, it is here — in how fast the stock moves, not yet in what it fetches.
Yorkdale-Glen Park
The southern edge on Eglinton West, running north toward Lawrence and the Allen. A fifth of all district sales, and the most homes for sale of the nine at 86. Only 31% of its new condo listings sold — 68 listings against 21 sales — and its condo apartments averaged $451,000, within $2,000 of Weston's. It moves the district average and has little to do with Weston.
Weston
Weston Village around the GO and UP Express station. Houses hold up: detached averaged $908,000 at 98% of asking in 34 days, on 11 sales. Condos lag: $449,000 average, the cheapest condo stock in the district, 36% of new listings sold, 47 days, 25 new listings against 9 sales. Better than the first quarter's 23% and 55 days, and still the slowest condo sale in W04. This is where the transit-premium story and the sales record disagree most sharply.
Mount Dennis
Eglinton West at Weston Road, Black Creek across to the Humber. The lowest average price of the nine at $669,200, and 47% of its sales are condos. The record is better than a quarter ago: 17 sales at 101% of asking, second only to Rustic, and 67% of its new condo listings sold, on 8 sales against 12 listings. Home to the four-mode hub, the Eglinton maintenance yard, and the only tower under construction in the district.
Beechborough-Greenbrook
Between the CP rail corridor and Eglinton, east of Black Creek. Condo apartments were two of its 13 sales, and it had the weakest result against asking in the district at 97%. It sits next to the Westside Mall redevelopment lands at Eglinton and Black Creek. That is the largest approved supply event near this community — and only its first phase is approved.
Brookhaven-Amesbury
North of Eglinton, west of Caledonia. 79 new listings against 20 sales, the widest listing-to-sale gap in W04 — and yet, at 24 days, tied with Beechborough-Greenbrook for the fastest sale of the nine, after being the slowest at 64 days in the first quarter. The median sits above the average here too, at $920,000 against $903,945.
Humberlea-Pelmo Park W4
West of the Humber, north of the CN corridor. No condo sales at all in the second quarter either: seven of its eight sales were detached. Detached averaged $1,208,000 with a $1,215,000 median, and the community average of $1,178,625 is the highest of the nine in a district whose headline average is $677,004. It got 99% of asking. Low turnover, and nothing to do with the district statistics.
Maple Leaf
North of Lawrence, east of the Humber. Twenty sales, 17 of them detached, at 100% of asking in 30 days. Detached averaged $1,120,000 against a $1,092,000 median — a normal gap, after a first quarter in which one sale near $3.7 million set the whole community's average. The median is usable again.
Rustic
Between Jane and the Black Creek corridor, south of Sheppard. Nine sales in the quarter, up from two, so TRREB now publishes figures: $1,014,111 average, 102% of asking, the best in the district, 33 days. Five detached and four semis. 29 new listings against those nine sales. That is still a thin base; treat any single quarter here as a rough indication.
What is actually changing here
W04 has the most infrastructure already built of any corridor we cover, and the least settled schedule for what comes next. Each file below is set out with what is actually confirmed.
- Line 5 Eglinton: open since 8 February 2026, and still officially in a start-up phase. Construction was substantially complete on 5 December 2025. Passengers started riding on Sunday 8 February 2026, with the first eastbound train out of Mount Dennis at 7:37 a.m. It runs nineteen kilometres and 25 stops, Kennedy to Mount Dennis. Hours were extended on 5 April 2026, and peak trains went to every 3 to 4 minutes on 22 June 2026. Mount Dennis to Kennedy takes about 52 minutes, against 1 hour 51 minutes on the buses it replaced. Three caveats belong in any pricing. Trains in the tunnels are still held to 60 km/h against a design maximum of 80. The TTC has not declared the start-up period over. And the widely quoted 123,000 weekday riders is what the line can carry, not what it carries. At its 3 June 2026 board meeting the TTC still had not reported actual against projected demand on Line 5, and pushed it to September 2026.
- Eglinton Crosstown West Extension: being built, with no opening date in existence. 9.2 km from Mount Dennis west to Renforth, seven stations, roughly $3.97 billion, with about $1.87 billion from Ottawa. The first 6.3 km of twin tunnels is finished. The last piece, Jane Street to Mount Dennis, is what ties the extension into the terminus. It is being mined by hand at one to two metres a day. Station digging started at Martin Grove, Kipling, Islington and Royal York in July 2026. No opening date has been published anywhere. Not on the Metrolinx project page. Not in the Infrastructure Ontario project sheet, the City's page, or the July 2026 federal progress release. And not in the March 2026 Ontario Budget, which says only "once complete." Any listing that names a year for the ECWE is not citing a government source.
- The airport claim is wrong twice over. The Pearson link is a separate 4.7 km extension north from Renforth. Metrolinx describes it only as "being explored" with the GTAA. It has no funding and no timeline. The funded ECWE ends at Renforth Gateway, not the airport. So "one seat to Pearson on Line 5" is wrong on the route and wrong on the funding. W04 does have a real one-seat airport ride: the UP Express, running since 2015.
- UP Express: a train every 15 minutes, and not in One Fare. UP Express runs every 15 minutes from roughly 5 a.m. to 1 a.m. Weston to Pearson is $4.71 on PRESTO. It ran on time 97.6% of the time from September to December 2025. But UP Express is not part of Ontario's One Fare program, which lets you transfer between transit systems without paying twice. The TTC says adding it would have slowed the rollout, and Metrolinx's One Fare page lists TTC, GO, Brampton, Durham, MiWay and York Region, with UP Express absent. One Fare was extended by two years on 1 December 2025, and the extension did not add it. At Mount Dennis, GO and UP share two platforms. A resident who boards the GO Kitchener train gets the TTC transfer credit. A resident who boards the UP Express pays twice.
- The GO Kitchener upside has been scaled back. Mount Dennis GO opened 16 November 2025 — Kitchener line, non-express, 64 weekday trips at 30 minutes apart, 16 minutes to Union. Kitchener corridor trips to Union have grown from 40 to 95 since 2018. In October 2025 Metrolinx reached an agreement in principle with CN to buy land for dedicated track between Bramalea and Georgetown. But an updated Metrolinx ten-year plan drafted in March 2025 pushes back trains every 15 minutes in both directions all day. Kitchener, Barrie and Stouffville will not be electrified inside the new ten-year window — only Lakeshore East and West remain. Some Kitchener trips are projected to get slower, because new stations add stops without the speed-up that electrification would have brought. City staff report back to Council on GO Expansion in Fall 2026.
- The Kodak Building is a station entrance, not an amenity. Building 9, built 1939 to 1940, is the last structure standing from Kodak's sixteen-building Mount Dennis campus. It was moved sixty metres in 2016 and moved back in 2017. Its ground floor opened to the public on 16 November 2025 as the main entrance to Mount Dennis station. The three upper floors are empty and reserved for future development. No timeline, funding source, operator or tenant has been published, and no heritage designation is confirmed. Copy that describes a working community, arts or office space inside the Kodak Building is describing an intention.
- The pipeline is enormous and almost entirely unbuilt. United Way Greater Toronto's work on Greater Weston-Mount Dennis counts more than 40 developers with applications for over 27,000 units across 75 buildings — and fewer than 500 units under construction. That ratio is the single most important check on any "wave of development" story here. What is actually in the ground is The Dennis, at 8 Locust Street: 37 storeys and 448 rental units, 89 of them affordable. It broke ground on 3 September 2025, had its crane up by June 2026, and is targeting completion in August 2028. It was one of the first projects to start under Toronto's Purpose-built Rental Housing Incentives Stream. That policy, not the LRT, is why rental is starting here while condo applications sit. Approved but not started: Westside Mall Phase 1, 35 storeys and 397 condo units, with no affordable component. The "4,000-plus units" figure attached to that site covers six phases, and one of them is approved. Not approved, and being marketed: 1705 Weston Road, expanded to two 43-storey towers in an April 2026 revision, with 6 affordable units out of 549 in the previous version. Weston Park at 1871 to 1885 Weston Road, 50 and 46 storeys and 1,032 units, filed on 22 December 2022 and still at the OPA/ZBA stage three and a half years later. And 25 Photography Drive on the Kodak lands, seven towers and about 2,356 units. It got a preliminary staff report in 2022, we could find no City decision report, and it is being actively pre-marketed at "Platinum VIP pricing."
- Weston in Gear: the near-term zoning variable. The City's planning framework for the Weston Major Transit Station Area launched in Fall 2024. Phase 1 finished in Fall 2025 and Phase 2 in June 2026. Phase 3, Emerging Plan and Policy, is underway now, with a status update to Etobicoke York Community Council on 7 July 2026. No final policy is adopted, so building heights and community-benefit expectations across the Weston MTSA are unsettled. That is upside for a patient land assembly and risk for anyone paying today. The Mount Dennis side is further along. OPA 571 was adopted in July 2022 and approved by the Ontario Land Tribunal on 11 October 2024, except for site-specific appeals, which are still outstanding. One correction. There is no separate "Weston Road Avenue Study." And the City's funded Weston Road streetscape project runs between Steeles Avenue and Lanyard Road, in Humber Summit, far north of Weston Village.
- Flood: funded, scheduled late, and publicly contested. Rockcliffe-Smythe sits in the Black Creek and Lavender Creek floodplain and is among the most flood-vulnerable areas in Toronto. Federal funding is $129.3 million through the Disaster Mitigation and Adaptation Fund. The order of the work matters more than the total. Phase 1: the Jane Street bridge replacement begins in late August 2026, and the Scarlett Road bridge runs from late 2027 to 2029. Phase 2, 2030 to 2032, covers the Rockcliffe Boulevard bridge, the Weston Road flood protection wall and the widening of Black Creek. Those are the parts that matter most to property in Weston and Mount Dennis. Phase 3 has no dates. The modelling is also being challenged. CBC reported in June 2026 that an engineer argues the project rests on a faulty environmental model and will not help most flood-affected residents. We could not retrieve the article itself, so we cannot report the specifics or the City's response, only that a credible public challenge exists. Nobody should treat flood risk here as settled before 2032.
- The jobs case is the weak point, and it has not recovered. Kodak employed roughly 800 workers when it closed in 2005 to 2006. Between 1995 and 2006, employment in the Mount Dennis study area fell by 2,816 jobs, from 3,409 to roughly 600. What replaced it on the 23-hectare brownfield is the Eglinton Maintenance and Storage Facility, substantially complete in 2018, housing all 76 light rail vehicles. Metrolinx has never published a headcount. The figure in circulation, roughly 500 jobs, is a councillor's estimate reported second-hand, and the facility is not TTC-run, so those are not TTC jobs. The one file that would change this is a possible George Brown College campus. CreateTO has listed it as pre-development since Council directed it in May 2022 — four years, no site, no timeline. Five neighbourhoods in and next to this district carry the City's Neighbourhood Improvement Area label, but it rests on 2014 data and on a tool the City is retiring. The replacement is in piloting through 2026, with a Council report in 2027.
How we price W04
This corridor rewards the opposite discipline to a downtown district. In C01 the work is finding the rare floorplan inside a wide price range. Here the work is telling a working house market apart from a stalled condo market that shares its postal code. And it is refusing to pay today for a schedule nobody has published.
- Houses first. Detached is selling at 101% of asking in 38 days. Condos stayed below asking in September — 95% on 25 sales, against a benchmark down 4.75% on the year. Detached under $1.1 million inside the City of Toronto is a shrinking set, and W04 is one of the last districts that still has it
- Homes that work on today's rents and today's transit. Line 5 and the Mount Dennis hub are already running, so the ECWE, GO electrification and the George Brown campus are upside — not the reason to buy
- The gap between communities, which is 1.8 times on average price: a Weston house priced as if it were in Humberlea-Pelmo Park W4, or a Briar Hill-Belgravia condo priced off the district average
- Briar Hill-Belgravia on relative strength — 71% of new condo listings sold, 98% of asking — where the mid-Eglinton Line 5 effect actually shows up in the sales record
- Condos only where the going-in yield carries a real allowance for vacancy and time to rent. Price them against the segment's 2026 range of 40 to 50 days, not against the quick 32 and 34 of July and August; September was 43
- Parcels outside the Black Creek and Lavender Creek flood mapping, checked on the mapping itself, not on the district
- Anything priced off the W04 district average. It is a blend of two different markets — below the median in June, above it since — and it flatters neither
- A premium for being next to an ECWE station. There is no published opening date to hold a premium against
- The "one seat to Pearson on Line 5" pitch, which is wrong on the route and wrong on the funding. Also any "seamless transit" claim that ignores UP Express sitting outside One Fare
- Pre-construction and assignment deals in a district with 27,000 proposed units, fewer than 500 under construction, and a flagship application still unapproved after three and a half years
- Kodak Building amenity claims. Three floors are empty, with no operator and no date
- Condos in Weston and Yorkdale-Glen Park at district prices, where only 36% and 31% of new listings sold, on 25 and 68 listings
- Community-level valuations built on Humberlea-Pelmo Park W4's eight-sale quarter or Rustic's nine
- Floodplain property priced as though Phase 2 were built. It starts in 2030 at the earliest, and the modelling is under public challenge
The rental case
This is the strongest argument in the district, and it is arithmetic rather than story. W04 rents for less than the City, but it sells for a lot less than that. In the second quarter of 2026 a one-bedroom leased at $2,126 here against $2,316 across the City, 8.2% lower. A two-bedroom leased at $2,539 against $3,154, 19.5% lower. Meanwhile the quarter's condo average was $493,441 against $667,916 for the City, 26.1% lower. Put the two together and the gross yield runs roughly 5.2% here against roughly 4.2% City-wide. That is our calculation from TRREB's published figures, gross, before costs. In a district that just got a four-mode transit hub, that is a real spread, and it is the honest reason to be here.
Against it, three things that belong in the same model. First, speed. Resale condos here took 40 to 50 days to sell through the spring, easing to 32 in July and 34 in August, then 43 in September. The Q2 rental report shows 212 apartments listed against 137 leased in W04. Budget a longer lease-up than downtown. Second, supply. The Dennis delivers 448 purpose-built rental units in Mount Dennis in August 2028, straight into the district's cheapest pocket — competition for a private landlord, arriving inside a normal hold. Third, fares. A tenant who commutes on UP Express pays twice, which is a live objection at lease-up that a GO-riding tenant does not face.
We write that model, with those three assumptions visible and arguable, before recommending either side of it.
Questions we get about W04
What neighbourhoods are in Toronto's W04 district?
Nine MLS communities: Weston, Mount Dennis, Briar Hill-Belgravia, Yorkdale-Glen Park, Beechborough-Greenbrook, Brookhaven-Amesbury, Humberlea-Pelmo Park W4, Maple Leaf and Rustic.
Two corrections worth holding on to. Weston-Pellam Park is in W03, not W04, despite the name. And Humberlea-Pelmo Park W4 is a different place from Humberlea-Pelmo Park W5, which sits in W05.
In the second quarter of 2026, Weston and Mount Dennis together were only 23% of W04 sales. Briar Hill-Belgravia and Yorkdale-Glen Park were 39% between them. Source: TRREB Community Housing Market Report, Toronto West, Q2 2026.
What is the average home price in Toronto W04?
In September 2026 the average sale price across all home types in W04 was $677,004, with a median of $616,250, on 54 sales. Detached averaged $995,100 and condos $431,996.
Until June the average sat below the median. That made W04 the only market on our comparison table where that was true. It has stayed on top since, even in September, when condos were 25 of 54 sales and both numbers fell hard. Here is the thing to understand underneath it. In September W04's average was 34.5% below the City of Toronto's, and its median was 23.9% below. A month earlier the median was 5.8% above the City's. The deep condo segment drags both down when it trades in volume, and it traded in volume this month. So anyone describing W04 as "cheaper than Toronto" is describing the condos, and this month the condos were half the sales. On the houses — detached at $995,100 — it is not cheaper at all. Source: TRREB Market Watch, September 2026.
Did the Eglinton Crosstown opening raise prices in Weston and Mount Dennis?
Not on the data published so far, but the gap has closed. Mount Dennis station opened 16 November 2025 and Line 5 opened 8 February 2026. Over the year to September 2026 the W04 benchmark price fell 4.50% against 3.84% for the City of Toronto. The condo benchmark fell 4.75% against 6.36% — the first month in this run where W04 condos did better than the City's. In June 2025 W04 was down only 1.61% while the City was down 4.43%. So the district went from doing better than the City to doing worse over exactly the months its transit was delivered, and a year later it still trails — but by 0.66 points, down from 3.45 a month earlier.
The likely explanation is supply. W04 had 5.5 months of supply in September, second-highest of the ten Toronto West districts, and only 36.0% of its new listings sold, the lowest rate in the West. Condo apartments were 34% of new listings in the second quarter against 30% of sales. Where the corridor does show strength is in how the stock clears rather than in price: Briar Hill-Belgravia sold 71% of its new condo listings and Mount Dennis 67%, both at 97% of asking for condos.
Over long periods, new transit has usually supported values near stations. It has not done so here yet. A case that assumes it must is a ten-year case, not a two-year one.
When will the Eglinton Crosstown West Extension open?
No government source publishes an opening date. Not Metrolinx, Infrastructure Ontario or the City of Toronto. Not the federal progress release of July 2026. And not the March 2026 Ontario Budget, which says only "once complete."
What is confirmed: 9.2 km from Mount Dennis to Renforth, seven stations, roughly $3.97 billion. The first 6.3 km of tunnels is complete. The last stretch, Jane Street to Mount Dennis, is being mined by hand at one to two metres a day. Station digging began in July 2026. The value of the stations, rail and systems contract is still to be set at financial close.
If a listing or a marketing piece names a year, ask which government publication it comes from. We have not found one.
Can you get to Pearson Airport from Weston?
Yes — on the UP Express, which has run since 2015, every 15 minutes, at $4.71 from Weston to Pearson on PRESTO. That is a real and underrated feature of this district.
What is not true is the "one seat to Pearson on Line 5" claim. The funded Eglinton Crosstown West Extension ends at Renforth Gateway, not the airport. The Pearson link is a separate, unfunded 4.7 km extension. Metrolinx describes it only as "being explored" with the Greater Toronto Airports Authority, and it has no timeline.
One more thing worth knowing before you buy the transit story. UP Express is not part of Ontario's One Fare program, which lets you transfer between transit systems without paying twice. The two-year extension in December 2025 did not add it. At Mount Dennis, GO and UP share two platforms. A rider who boards the GO Kitchener train gets the TTC transfer credit. A rider who boards the UP Express pays two fares.
Is Weston or Mount Dennis a flood risk?
Parts of the area are, seriously. Rockcliffe-Smythe sits in the Black Creek and Lavender Creek floodplain and is among the most flood-vulnerable areas in Toronto. The fix is funded — $129.3 million federal through the Disaster Mitigation and Adaptation Fund — but the schedule is long. Phase 1 begins with the Jane Street bridge in late August 2026, then the Scarlett Road bridge from late 2027 to 2029. The Weston Road flood protection wall, the widening of Black Creek and the Rockcliffe Boulevard bridge are all Phase 2, 2030 to 2032. Phase 3 has no dates.
The modelling is also being challenged in public. CBC reported in June 2026 that an engineer argues the project rests on a faulty environmental model and will not help most flood-affected residents. We have not been able to verify the specifics or the City's response.
Where that leaves you: this is a question about a specific parcel, not about the district. We check the flood mapping and the insurance position on the address before we talk about price.
What rental yield can an investor expect in W04?
Higher than downtown, and the gap is real. In the second quarter of 2026 one-bedrooms leased at $2,126 in W04 against $2,316 City-wide, 8.2% lower. Meanwhile the condo average was $493,441 against $667,916, 26.1% lower. Rent falls less than price does, which lifts the gross yield to roughly 5.2% here against roughly 4.2% City-wide. That is our arithmetic from TRREB's published figures, gross, before costs.
The honest offsets. Condos here took 40 to 50 days to sell through the spring, easing to 32 in July and 34 in August, then 43 in September — against 40 days in C01 in September. W04 listed 212 apartments against 137 leases in the second quarter. And The Dennis brings 448 purpose-built rental units into Mount Dennis in 2028. We model vacancy, time to rent and that 2028 supply explicitly, and we put the assumptions in writing so they can be argued with.
How does W04 compare to E03 Danforth East?
This is the comparison most often made badly. Their price histories are nearly identical — a benchmark index of 305.8 for W04 against 305.7 for E03, within 0.1%. Their price levels and their speed of sale are not. The benchmark price is $782,300 here against $1,016,900 there, and months of supply is 5.5 against 2.7. W04 has 286 homes for sale on 54 sales a month. E03 has 164 on 66.
So they are not a matching pair of mid-market west and east districts. They have the same rate of historical gain and opposite conditions right now. E03's 30% price premium buys you a faster sale and scarce houses, not a better growth record.
Next step
House or condo — because in W04 they are two different markets
Send me the address, or tell me which of the nine communities you are looking at. I will tell you three things: what the right comparable sales are, whether the district average is helping or hurting the price you have been quoted, and what the flood mapping says about that parcel. A written answer within 24 hours.
Request the W04 thesis Read the engagementMarket statistics are aggregate figures reproduced from the Toronto Regional Real Estate Board's Market Watch reports for August and September 2026 and June 2025 (City of Toronto municipal breakdown), Community Housing Market Report, Toronto West, 2026 Q2, Condo Market Report, 2026 Q2, and Rental Market Report, 2026 Q2. Months of supply is TRREB's published 12-month trend figure for all home types together. Segment splits, community shares, home-type shares, percentage comparisons between markets and gross yield figures are calculated by us from published figures. Where we calculate months of supply for a single segment, it is active listings divided by that month's sales. Gross yield is stated before costs and is not a return projection. Year-over-year MLS Home Price Index changes are TRREB's published figures; TRREB revises its price history, so doing the arithmetic on the index does not reproduce them. TRREB withholds figures where there were two sales or fewer. Community boundary descriptions come from TRREB's published community map layer, which TRREB has not updated since 2011 and for which it publishes no street-level definitions. Information is deemed reliable but not guaranteed, and is not an appraisal or a valuation of any specific property. Past market performance does not predict future results. Infrastructure, planning and development timelines are as publicly reported by Metrolinx, the TTC, Infrastructure Ontario, Waterfront Toronto, the Province of Ontario, the Government of Canada and the City of Toronto as of September 2026, and are subject to change. Where a timeline is unpublished, unfunded, appealed or contested we have said so. Prepared by Eric Geng, Salesperson, RE/MAX City Accord Realty Inc., Brokerage. Each Office Independently Owned and Operated. Not intended to solicit properties currently listed for sale or buyers currently under contract.