{"id":801739,"date":"2026-07-14T17:28:09","date_gmt":"2026-07-14T17:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/801739\/"},"modified":"2026-07-14T17:28:09","modified_gmt":"2026-07-14T17:28:09","slug":"toronto-real-estate-price-jump-among-detached-homes-remax-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/801739\/","title":{"rendered":"Toronto real estate: Price jump among detached homes, REMAX says"},"content":{"rendered":"<p class=\"c-paragraph\">Toronto is home to four out of the five neighbourhoods across Canada that saw price growth in the detached home segment, according to <a href=\"https:\/\/blog.remax.ca\/detached-housing-trends\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/blog.remax.ca\/detached-housing-trends\/\">a new report<\/a> by REMAX.<\/p>\n<p class=\"c-paragraph\">Just six per cent, or five of the 83 markets surveyed in Canada, saw detached homes increase in value in the second quarter of 2026.<\/p>\n<p class=\"c-paragraph\">\u201cThe bulk of markets reporting price gains were reported in Greater Toronto\u2026 with two markets in the central core and two in the West Toronto seeing an uptick in values,\u201d the report read. <\/p>\n<p class=\"c-paragraph\">Here are the five markets that saw price growth: <\/p>\n<p>(W07) &#8211; Stonegate-Queensway and Islington City Centre West\u00a0(Toronto) Port Moody\/Belcarra\u00a0(Greater Vancouver) (W09) &#8211; Kingsview Village, the Westway, Humber Heights, Willowridge-Martingrove-Richview, West Humber, Clairville\u00a0(Toronto) (C02) &#8211; Yonge-St. Clair, Casa Loma, Wychwood, Annex (Toronto) (C10) &#8211; Mount Pleasant East, Mount Pleasant West\u00a0(Toronto) <\/p>\n<p class=\"c-paragraph\">Stonegate-Queensway and Islington City Centre West saw the biggest price gains at 5.2 per cent, with the average price rising from $1.65 million to $1.74 million year-over-year. <\/p>\n<p class=\"c-paragraph\">\u201cEconomic uncertainty continues to influence housing activity in the Greater Toronto Area (GTA), although the gap between buyer and seller expectations has started to narrow,\u201d the report read. <\/p>\n<p class=\"c-paragraph\">\u201cWell-priced detached properties attracted stronger interest early in the year, and as the delayed spring market gained momentum, several key markets posted double-digit gains in sales activity.\u201d<\/p>\n<p class=\"c-paragraph\">The report notes that \u201csales recovery remains selective\u201d despite the fact the region has seen record population growth.<\/p>\n<p class=\"c-paragraph\">\u201cDespite lingering economic uncertainty and weather-related delays earlier in the year, home-buying activity gained momentum in the second quarter of 2026 and is expected to continue through the balance of the year,\u201d the report stated. <\/p>\n<p class=\"c-paragraph\">\u201cHowever, overall sales remain well below pandemic-era levels and are more consistent with volumes recorded in the early 2000s, a concerning trend given the scale of population growth across the Toronto CMA in recent years.\u201d <\/p>\n<p class=\"c-paragraph\">It goes on to note that softer values have \u201climited equity growth\u201d for some homeowners, making it difficult to move up in the market. <\/p>\n<p class=\"c-paragraph\">\u201cAs a result, underlying housing need is not translating into demand at the pace typically expected in a region that added almost 10 per cent to its population \u2014 or 635,923 people \u2014 between July 1, 2021, and July 1, 2025,\u201d the report said.<\/p>\n<p class=\"c-paragraph\">\u201c\u2026demand is concentrating in the most affordable pockets of the market, helping to fuel the uptick in detached sales below the $1.2-million threshold.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Toronto is home to four out of the five neighbourhoods across Canada that saw price growth in the&hellip;\n","protected":false},"author":2,"featured_media":801740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[712,45,49,48],"class_list":["post-801739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple-news","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=801739"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/801740"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=801739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=801739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=801739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}