On this page

Ontario Sales Rise While Prices Keep Sliding

According to the Ontario Real Estate Association (OREA) for June 2026, provincial home sales rose 5.5% year over year to 18,051 units, sitting 2.3% above the five-year average but still 12.3% below the 10-year average, even as the MLS Home Price Index composite fell 4.6% to $753,300.

• The composite benchmark price came in at $753,300, down 4.6% year over year, with apartments posting the steepest decline at 8.0% and townhouses down 6.6%.
• New listings fell 5.5% year over year to 43,442, while active listings dropped 5.1% to 75,759, and months of inventory eased to 4.2 from 4.7 a year earlier.
• The average sale price slipped 2.5% to $831,595, while total dollar volume still climbed 2.9% to $15 billion on the back of higher sales activity.

If you’re shopping in a market where prices still favour buyers, speak with nesto mortgage experts and compare current mortgage rates in Ontario before you make an offer.

---

Ontario Housing Market Highlights

• The average selling price of a home in Ontario decreased by 4.6% year-over-year to $753,300 in June.
• The average selling price of a single-family home in Ontario decreased by 4.2% year-over-year to $836,900 in June.
• The average selling price of a townhouse/multiplex in Ontario decreased by 6.6% year-over-year to $592,200 in June.
• The average selling price of a condo in Ontario decreased by 8% year-over-year to $491,500 in June.
• The average rent in Ontario decreased by 5.3% year-over-year to $2,233 for June.
• July 21, 2026: Today’s lowest mortgage rate in Ontario is 4.09% for a 5-year fixed.

Data from the Ontario Real Estate Association (OREA) indicates that the average price of resale residential homes sold across Ontario in June was $753,300, and it decreased of 4.6% compared to a year ago.

OREA reported a sales-to-new-listings ratio (SNLR) of 42%, indicating Balanced market conditions in Ontario for June.

---

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

---

Ontario Market Rents Snapshot

The average rent in Ontario was $2,233 for June, which decreased by 5.3% year over year.

The average rent for a 1-bedroom apartment in Ontario was $1,953 for the month of June, which decreased by 5.3% year over year.

The average rent for a 2-bedroom apartment in Ontario was $2,422 for the month of June, which decreased by 5.3% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms
1	North Vancouver	$2,983	$2,457	$3,363
2	Vancouver	$2,723	$2,392	$3,336
3	North York	$2,563	$2,154	$2,765
4	Kanata	$2,551	$2,282	$2,766
5	Toronto	$2,543	$2,213	$2,912
6	Burnaby	$2,522	$2,135	$2,766
7	Coquitlam	$2,504	$2,083	$2,687
8	Oakville	$2,438	$2,170	$2,657
9	Etobicoke	$2,427	$2,084	$2,629
10	Burlington	$2,381	$2,064	$2,470
11	Mississauga	$2,360	$2,056	$2,437
12	Halifax	$2,351	$2,051	$2,628
13	Langley	$2,285	$1,965	$2,439
14	Vaughan	$2,277	$2,028	$2,586
15	Victoria	$2,258	$1,999	$2,642
16	Brampton	$2,231	$1,962	$2,355
17	Ajax	$2,217	$1,834	$2,262
18	Scarborough	$2,210	$1,862	$2,292
19	Guelph	$2,193	$1,901	$2,276
20	Surrey	$2,187	$1,803	$2,239
21	Ottawa	$2,179	$1,956	$2,462
22	Barrie	$2,144	$1,874	$2,164
23	New Westminster	$2,132	$1,888	$2,640
24	Waterloo	$2,115	$1,918	$2,253
25	Kingston	$2,111	$1,875	$2,232
26	Kelowna	$2,110	$1,831	$2,241
27	Nanaimo	$2,102	$1,847	$2,313
28	Laval	$2,089	$1,726	$2,350
29	East York	$2,077	$1,829	$2,335
30	Cambridge	$2,075	$1,836	$2,141
31	Airdrie	$2,027	$1,477	$1,814
32	Peterborough	$2,000	$1,755	$1,968
33	Brossard	$1,987	$1,708	$2,246
34	Greater Sudbury	$1,980	$1,702	$2,140
35	Oshawa	$1,966	$1,740	$2,015
36	Montreal	$1,951	$1,780	$2,257
37	Kamloops	$1,949	$1,796	$2,034
38	Hamilton	$1,939	$1,680	$2,255
39	London	$1,932	$1,664	$2,068
40	Brantford	$1,923	$1,779	$2,029
41	Calgary	$1,886	$1,515	$1,853
42	Kitchener	$1,865	$1,662	$2,048
43	Niagara Falls	$1,861	$1,607	$1,976
44	St. Catharines	$1,827	$1,570	$1,904
45	Gatineau	$1,781	$1,593	$1,888
46	Welland	$1,762	$1,533	$1,937
47	Côte Saint-Luc	$1,705	$1,450	$1,971
48	Windsor	$1,702	$1,488	$1,921
49	Winnipeg	$1,678	$1,472	$1,770
50	Sarnia	$1,664	$1,477	$1,709
51	Edmonton	$1,610	$1,292	$1,632
52	Saskatoon	$1,544	$1,341	$1,561
53	Lethbridge	$1,534	$1,321	$1,543
54	Quebec City	$1,508	$1,292	$1,675
55	Red Deer	$1,508	$1,337	$1,499
56	Regina	$1,457	$1,309	$1,523
57	Fort McMurray	$1,413	$1,212	$1,443
58	Medicine Hat	$1,370	$1,238	$1,374
59	Lloydminster	$1,306	$1,026	$1,378
60	St. John's	$1,172	$1,061	$1,268

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership Across Ontario?

Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.09% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.

---

Frequently Asked Questions (FAQ) About the Ontario Housing Market Outlook for 2026

---

Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

---

Let’s get started!

New Mortgage

Mortgage Renewal

Mortgage Refinance