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About the MLS® HPI
The MLS® HPI is calculated using a sophisticated statistical model that augments the traditional repeat sales approach (i.e., comparing the sale price for the same home between two points in time) by taking into account a home’s quantitative (e.g., number of bedrooms and bathrooms, square footage, lot size, age) and qualitative (e.g., whether it has a finished basement, views, proximity to amenities) features. This method accounts for and assigns value to changes in homes over time. (source TREB)
The November 2025 market update for 2-storey attached homes across the GTA shows a continued cooling in short-term price performance. Most regions recorded mild declines over the past 1–6 months, reflecting more buyer caution as affordability challenges persist. Toronto stands out with the highest benchmark price at just under $1.2M, yet even there, prices are down more than 5% year-over-year. Regions like Halton and York also show similar annual adjustments as buyers weigh price against borrowing costs and consider more affordable outer markets.
Durham and Simcoe continue to be some of the strongest affordability plays in the GTA, with benchmark prices around the low $700s and high $600s respectively. Although these regions have also experienced moderate short-term declines, they remain highly competitive for long-term investment — supported by population growth, ongoing infrastructure expansion, and relative value compared to the western GTA and Toronto core.
Looking long-term, every region shows substantial price appreciation over the past decade. Dufferin, Simcoe, and Durham lead in 10-year growth — many homes in these areas have nearly doubled in value. This illustrates that even with current market softness, the fundamentals supporting homeownership in the Greater Toronto Area remain strong. Buyers seeking cost-effective entry points and future appreciation potential continue to look eastward and northward, where equity growth and lifestyle value remain attractive.
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Greater Toronto Area Regions (Toronto - Dufferin - Simcoe - Peel - Halton - York - Durham)
Region of Simcoe (Essa - Adjala-Tosorontio - Bradford West Gwillimbury - Innisfil)
Region of Peel (Caledon - Brampton - Mississauga)
Region of Halton (Milton - Burlington - Halton Hills - Oakville)
Region of York (King - Vaughan - Markham - Richmond Hill - Whitchurch-Stouffville - Aurora - New Market - East Gwillimbury - Georgina)
Region of Durham (Uxbridge - Pickering - Brock - Scugog - Ajax - Whitby - Oshawa - Clarington)
