Toronto Central market report · February 2026
Toronto Central housing market: February 2026
Toronto Central housing market in February 2026: $1,058,585 average sale price (down 8.4% year over year), 757 homes sold, 6.0 months of supply — a buyer's market. Figures from the Toronto Regional Real Estate Board.
What happened in Toronto Central in February 2026
Toronto Central recorded 757 sales in February 2026, 2.3% fewer than the same month a year earlier. Sellers brought 2,156 new listings to market, leaving 4,245 properties in inventory — 9.1% less than a year ago. At the month's pace of sales that is 6.0 months of supply, which puts Toronto Central in a buyer's market. 31% of the month's new listings sold.
The average sale price across all property types was $1,058,585, down 8.4% year over year and up 6.4% on the month. Detached homes averaged $2,197,236 against $709,690 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to February 2026
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $2,197,236 | -22.6% | 131 | 388 | 762 |
| Semi-detached | $1,461,443 | -2.2% | 50 | 94 | 129 |
| Row / townhouse | $1,433,053 | +0.1% | 19 | 59 | 99 |
| Apartment | $709,690 | -8.3% | 505 | 1,512 | 3,038 |
| All types | $1,058,585 | -8.4% | 757 | 2,156 | 4,245 |
Source: the Toronto Regional Real Estate Board, Toronto Central, February 2026.
What this means if you're buying in Toronto Central
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Central is where the $1.5 million cap bites hardest: detached houses in these districts typically trade well above it, so 20% down is the floor, insurance is unavailable, and fewer lenders will look at the file. On the condo side the recurring problem is pre-construction closings — a lender lends against the lesser of price and appraised value, and where a 2021 or 2022 purchase appraises below its contract price today, the shortfall has to be covered in cash. If you have a closing coming, get it looked at months ahead, not weeks.
Read the full Toronto Central area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Toronto Central?
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