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Glass condo towers along Toronto's Harbourfront with the CN Tower rising between them

Downtown Toronto real estate guideDowntown Toronto

Downtown Toronto is the city centre inside Old Toronto, running from Bathurst Street to the Don Valley and from the lake up to Bloor Street, about 16.6 square kilometres in all.

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Population, 2021
252,330
Own their home, 2021
36.4%
Population change, 2016 to 2021
+18.0%
Immigrants, 2021
40.7%

Sources: City of Toronto. Full citations at the foot of the page. Compiled November 2026.

Homes & prices

TRREB sales for October 2026, and the 2021 Census housing mix.

Avg sale-to-list ratio
C01 98% / C08 97%
HPI benchmark price
$543,300
Months of inventory
C01 4.9 / C08 6.0

Average price by home type

  • C01(272 sales)$815,185
  • C08(128 sales)$706,827
  • Condo apartment (C01 + C08)(331 sales)$677,577
TRREB Market Watch, October 2026.

Homes by type[1]

  • Apartment, 5 or more storeys86.7%
  • Apartment, fewer than 5 storeys7.6%
  • Row house3.2%
  • Semi-detached house0.8%
  • Apartment or flat in a duplex0.8%
  • Single-detached house0.5%
Share of occupied private dwellings, 2021 Census.

What's your home worth?

Start with your address for a rough range on a Downtown Toronto home.

Read the market and housing notes

The market in October 2026

TRREB districts C01 and C08 cover the downtown core. C01, which runs west of Yonge Street, recorded 272 sales in October 2026 at an average of $815,185 and a median of $681,000. C08, east of Yonge, had 128 sales at an average of $706,827 and a median of $574,950. Condo apartments made up 331 of the 400 sales in the two districts, about 83%, at a combined average of $677,577. Supply was higher than the city overall: C01 had 4.9 months of inventory and C08 had 6.0, compared with 4.6 for the City of Toronto. The composite benchmark fell 7.38% year over year in C01 and 6.95% in C08.

The housing stock

Downtown is almost entirely apartment living. In Wards 10 and 13, 86.7% of occupied homes are in buildings of five or more storeys and another 7.6% are in smaller apartment buildings. Single-detached houses make up just 0.5% of the stock and semis 0.8%. Row houses make up 3.2%. Most households rent: owners account for 36.4%, the lowest share of any area in this guide. Households are small, averaging about 1.7 people in both wards. Ward 10 Spadina-Fort York grew by 18.4% in five years and Ward 13 Toronto Centre by 17.4%.

More figures

C08 MLS HPI apartment benchmarkDown 6.21% year over year; composite $543,500, down 6.95%
$492,300[2]
Median total household income, 2020 (by ward)Range of ward medians; medians cannot be combined across wards
$65,000 to $89,000[1]
Median age, 2021 (by ward)Range of ward medians
32.8 to 34.8[1]
Homes in apartment buildings of 5+ storeys, 2021Share of 149,695 occupied private dwellings
86.7%[1]
Single-detached houses, 2021Share of occupied private dwellings
0.5%[1]
Mother tongue is a non-official language, 2021Single responses; neither English nor French
37.2%[1]

Getting around

Stations, rapid transit and highways.

  • Union Station[5]GO train
  • Line 1 Yonge-University: Union, King, Queen, TMU, College, Wellesley, St Andrew, Osgoode, St Patrick, Queen's Park[4]Subway
  • Line 2 Bloor-Danforth: Bloor-Yonge, Sherbourne, Castle Frank[4]Subway
  • Streetcars 501 Queen, 504 King, 505 Dundas, 506 College, 509 Harbourfront, 510 Spadina[4]Streetcar

Schools

Boundaries change. Confirm your address with the board before you buy.

  • Jarvis Collegiate Institute[6]SecondaryToronto District School Board
  • Market Lane Junior and Senior Public School[6]ElementaryToronto District School Board
  • The Waterfront School[6]ElementaryToronto District School Board
  • Nelson Mandela Park Public School[6]ElementaryToronto District School Board
  • St. Michael's Choir School[6]SecondaryToronto Catholic District School Board
  • École élémentaire Gabrielle-Roy[6]ElementaryConseil scolaire Viamonde
  • Toronto Metropolitan University[8]Post-secondaryToronto Metropolitan University
  • George Brown College, St. James Campus[6]Post-secondaryGeorge Brown College
Find the schools near a specific address

Lifestyle

Parks, neighbourhoods and who Downtown Toronto suits.

Who Downtown Toronto suits

  • First-time buyers who want a condo close to work
  • People who want to live without a car
  • Younger single and couple households
  • Buyers planning to rent out a unit

Neighbourhoods within Downtown Toronto

  • Financial District
  • Entertainment District
  • St. Lawrence
  • Bay Street Corridor
  • Church-Yonge Corridor
  • Kensington-Chinatown
  • Waterfront Communities
  • Niagara
  • University
  • Moss Park
  • Regent Park
  • Cabbagetown-South St. James Town
  • North St. James Town
  • Corktown
  • Distillery District
  • The Islands

Parks

  • Allan Gardens[7]
  • St. James Park[7]
  • Corktown Common[7]
  • Grange Park[7]
  • Canoe Landing[7]
  • Toronto Islands (Ward's Island Park)[7]
Read the full Downtown Toronto guide

Overview

Downtown Toronto is the city centre inside Old Toronto, running from Bathurst Street to the Don Valley and from the lake up to Bloor Street, about 16.6 square kilometres in all. It holds the Financial District, the Entertainment District, the St. Lawrence neighbourhood and the provincial and city governments. Wards 10 and 13, which cover most of the core, grew by 18.0% between 2016 and 2021, far faster than the city as a whole.

Day-to-day life

Living downtown means most errands can be done on foot. The PATH network links much of the core underground, the Toronto Eaton Centre anchors the Yonge Street retail strip, and St. Lawrence Market runs a Saturday farmers' market in one of the oldest parts of the city. The Entertainment District, west of the Financial District, holds Roy Thomson Hall and the Royal Alexandra and Princess of Wales theatres, and the Harbourfront area includes the Rogers Centre. Four public universities are based downtown: the University of Toronto, Toronto Metropolitan University, OCAD University and Université de l'Ontario français, plus George Brown College. Ferries to the Toronto Islands put beaches and picnic areas within reach of the towers.

Is Downtown Toronto a good fit for you?

  • First-time buyers who want a condo close to work: condo apartments in C01 and C08 averaged $677,577 in October 2026.
  • People who want to live without a car: Lines 1 and 2, six streetcar routes, Union Station and the PATH underground walkway are all within the core.
  • Younger single and couple households: median ages are 32.8 in Ward 10 and 34.8 in Ward 13, and households average about 1.7 people.
  • Buyers planning to rent out a unit, in an area where 63.6% of households rent.

Homes for sale in Downtown Toronto

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Questions about Downtown Toronto

Still unsure? Call or text 437-525-2544.

What area counts as downtown Toronto?

Downtown is generally defined as the part of Old Toronto between Bathurst Street and the Don Valley, from Lake Ontario north to Bloor Street and the CP rail line, about 16.6 square kilometres. TRREB's closest districts are C01 and C08, which also take in some neighbourhoods west of Bathurst Street.

What does a downtown Toronto condo cost?

In October 2026, 331 condo apartments sold across C01 and C08 at a combined average of $677,577. The MLS HPI apartment benchmark was $543,300 in C01 and $492,300 in C08.

Are there houses for sale downtown?

Very few. Single-detached houses are 0.5% of homes in Wards 10 and 13. Row houses and semis are a little more common, at 3.2% and 0.8% of homes, so most downtown sales are condo apartments.

How fast is downtown growing?

The population of Wards 10 and 13 rose from 213,905 in 2016 to 252,330 in 2021, an increase of 18.0%, compared with 2.3% for the City of Toronto as a whole.

Nearby areas

All 18 guides

Sources (9)

  1. [1] City of Toronto, Ward Profiles (25-Ward Model), 2021 and 2016 Census custom tabulations (Statistics Canada), file 2023-WardProfiles-2011-2021-CensusData (accessed 2026-10-12)
  2. [2] Toronto Regional Real Estate Board, Market Watch, October 2026 (accessed 2026-11-06)
  3. [3] TRREB Community Housing Market Report, Toronto Central, Q2 2026 (district and community list) (accessed 2026-10-12)
  4. [4] Toronto Transit Commission, Subway, Light Rail and Streetcar Map (edition 09/26) (accessed 2026-10-12)
  5. [5] GO Transit, Union Station GO station details (accessed 2026-10-12)
  6. [6] City of Toronto Open Data, School Locations - All Types (includes school board and former municipality code) (accessed 2026-10-12)
  7. [7] City of Toronto Open Data, Parks and Recreation Facilities (names, addresses, amenities) (accessed 2026-10-12)
  8. [8] Wikipedia, Downtown Toronto (accessed 2026-10-12)
  9. [9] Statistics Canada, 2021 Census Profile (Census Profile web data service): Toronto, C (CSD 3520005) (accessed 2026-10-12)

Photos are stock or Creative Commons images for illustration, not homes listed or sold by Ishwar Garg. Photo credits.

Market figures are averages for the period shown and vary by property type and street. They are not an appraisal of any home. Try the home value calculator for a rough range on a specific property.

Buying in Downtown Toronto: the costs

Land transfer tax, closing costs and first-time buyer incentives, with official sources.

All market insights

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