Toronto Riding's Real Estate Prices: 2021 vs 2025

Where Values Rose, Fell, or Held Firm Across the City

As Canadians casted their votes in the April 2025 federal election, housing affordability remained top of mind. With inflation easing but mortgage rates still elevated, many buyers and homeowners are asking a familiar question: What’s happening to prices where I live?

A new data visualization by Wahi breaks down home price trends not by neighbourhood or MLS zone, but by Toronto’s 24 federal electoral ridings, comparing Q1 2025 prices to Q3 2021, the last federal election period. The result? A revealing look at how different pockets of the city have evolved, especially in light of pandemic-era market peaks. Toronto riding real estate prices:

Toronto Riding Real Estate Prices: What’s Changed Since the Last Election?

Single-Family Homes:

• Prices increased in 8 ridings, fell in 15, and remained flat in 1.

• The city-wide median sits at $1,286,000, relatively unchanged since 2021.

• The highest-value riding: Don Valley West at $2.3M (down 10%).

• The lowest: Etobicoke North at $950,000 (down 5%).

Condos:

• 16 ridings saw price drops, 4 stayed flat, and just 3 increased.

• Condo median now sits at $630,000, down 4% since the last election.

• Notable condo appreciation occurred only in the west end (Etobicoke Centre, Etobicoke North, Humber River, Black Creek).

Notable Price Drops and Gains

• Biggest declines: Spadina, Harbourfront and Toronto Centre both down 15% for single-family homes.

• Steady luxury zones: High-income ridings like Forest Hill, the Bridle Path, and Summerhill saw minimal movement despite large sticker prices.

• 905 rebound: Surrounding areas like Oakville West and Bowmanville, Oshawa North recorded price gains in both condos and houses, underscoring suburban resilience.

Election Insight Meets Market Insight

Real estate is always local, but this year, it’s also political. As Toronto residents weigh economic uncertainty against personal affordability, these price shifts speak to broader patterns of growth, retreat, and recalibration.

At Seventy Seven Park, we believe in decisions grounded in data, not speculation. Whether you're evaluating your current property, preparing to buy, or considering refinancing, a clear understanding of your specific market is essential.

We offer free consultations to help you explore your options—whether that means moving your mortgage, financing a renovation, or entering the market for the first time.

Let’s build your strategy together.

Smart Real Estate. Smarter Strategies.

(416) 350-8448

info@seventysevenpark.ca

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