Toronto real estate

The hottest neighbourhoods for buying a house in Toronto right now

If you're looking to buy a detached house in Toronto right now, well bless your heart. That is not an easy task.

The real estate market has been volatile recently, to say the least, but experts say that house prices are back on the rise after more than a year of plummeting sales and values.

A new report from RE/MAX shows that price appreciation for detached, single-family homes in the second quarter of 2018 showed "a marked improvement over Q1 figures" across the Greater Toronto Area.

The so called "Hot Pocket Report" (lol) concluded that the average price of all homes analyzed was either on par or climbing over the past three months in 75 per cent of Toronto Real Estate Board districts — some of those districts, more than others.

remax hot pocket report

The RE/MAX Hot Pocket Report examined sales and average prices of detached homes in 65 Toronto Real Estate Board districts. Image via RE/MAX.

Here are the top-performing markets in terms of price appreciation in and around Toronto.

Palmerston-Little Italy and Trinity-Bellwoods (C01)

Home values up 17 per cent with an average second-quarter price of $1,872,407 

The Beaches (E02)

Home values up 13 per cent with an average second-quarter price of $1,503,034

Leaside (C11)

Home values up 10 per cent with an average second-quarter price of $2,031,031

Edenbridge, Humber Valley, Islington (W08)

Home values up 10 per cent with an average second-quarter price of $1,571,919

Birchcliffe-Cliffside (E06)

Home values up 9 per cent with an average second-quarter price of $1,571,919

Stonegate-Queensway (W07)

Home values up 9 per cent with an average second-quarter price of $1,383,888

Willowridge-Martingrove-Richview (W08)

Home values up 9 per cent with an average second-quarter price of $1,052,187

So, the best houses to invest in may not necessarily be starter homes. I guess the old adage rings true, once again: It takes money to make money.

Lead photo by

Shane Fester


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Real Estate

Toronto Parking Authority slammed for nearly doubling a small business' rent

This is what a $21 million designer house in Toronto looks like

Buyers are now offering way less than asking price for homes in these parts of the GTA

Luxury Toronto hotel reportedly for sale at record price close to $450 million

Brampton home re-listed four times in two years shows just how much prices fluctuate

Futuristic tower to replace luxury car dealerships north of Toronto

Toronto's real estate market continues to be so overrun with homes no one is buying

Toronto slaughterhouse and trash incinerator to be heart of new shopping destination