Market figures

The numbers we use, and where they come from

Every rent, rate and index below is pulled straight from a public statistics service and stored with the day it was published. Nothing here is estimated by a model.

Last pulled 9/6/2026, 3:38:30 AM.

Figure	Value	Area and period	Source
Posted 5-year mortgage rate	6.09 percent per year	canada · 2026-09-02	Bank of Canada Valet interest rate series approved
Filed construction cost per sq ftCost the builder filed with the City, divided by the residential floor area on the same permit. Not a sale price.	313 CAD per sq ft of residential floor area	City of Toronto · 2026-07-14From 855 filings	City of Toronto Open Data Portal approved
Filed construction cost per new homeFiled construction cost per new dwelling unit for detached house zones. Land, fees and financing are not in this figure.	70,000 CAD per new dwelling unit	toronto-building-permits-detached · 2026-07-14From 414 filings	City of Toronto Open Data Portal approved
Filed construction cost per sq ftMedian of 426 City of Toronto filings for detached house zones since 2023-09-07.	324 CAD per sq ft of residential floor area	toronto-building-permits-detached · 2026-07-14From 426 filings	City of Toronto Open Data Portal approved
Filed construction cost per new homeFiled construction cost per new dwelling unit created. Land, fees and financing are not in this figure.	100,000 CAD per new dwelling unit	City of Toronto · 2026-07-14From 813 filings	City of Toronto Open Data Portal approved
New housing price indexIndex only — never a per-square-foot sale price.	144.2 index, 2016-12 = 100	Toronto CMA · 2026-07-01	Statistics Canada new housing price index, table 18-10-0205 approved
Filed construction cost per sq ftMedian of 29 City of Toronto filings for apartment and mixed-use zones since 2023-09-07.	291 CAD per sq ft of residential floor area	toronto-building-permits-apartment · 2026-03-19From 29 filings	City of Toronto Open Data Portal approved
Filed construction cost per new homeFiled construction cost per new dwelling unit for apartment and mixed-use zones. Land, fees and financing are not in this figure.	250,000 CAD per new dwelling unit	toronto-building-permits-apartment · 2026-03-19From 29 filings	City of Toronto Open Data Portal approved
Filed construction cost per sq ftMedian of 106 City of Toronto filings for semi-detached zones since 2023-09-07.	452 CAD per sq ft of residential floor area	toronto-building-permits-semi · 2026-02-12From 106 filings	City of Toronto Open Data Portal approved
Filed construction cost per new homeFiled construction cost per new dwelling unit for semi-detached zones. Land, fees and financing are not in this figure.	90,000 CAD per new dwelling unit	toronto-building-permits-semi · 2026-02-12From 99 filings	City of Toronto Open Data Portal approved
Filed construction cost per sq ftMedian of 19 City of Toronto filings for townhouse and multiplex zones since 2023-09-07.	388 CAD per sq ft of residential floor area	toronto-building-permits-townhouse · 2025-12-23From 19 filings	City of Toronto Open Data Portal approved
Filed construction cost per new homeFiled construction cost per new dwelling unit for townhouse and multiplex zones. Land, fees and financing are not in this figure.	100,000 CAD per new dwelling unit	toronto-building-permits-townhouse · 2025-12-23From 17 filings	City of Toronto Open Data Portal approved
Average rentThree bedroom	2,294 CAD per unit per month	Toronto CMA · 2025-10-01	CMHC average rents via Statistics Canada table 34-10-0133 approved
Average rentOne bedroom	1,761 CAD per unit per month	Toronto CMA · 2025-10-01	CMHC average rents via Statistics Canada table 34-10-0133 approved
Average rentTwo bedroom	2,045 CAD per unit per month	Toronto CMA · 2025-10-01	CMHC average rents via Statistics Canada table 34-10-0133 approved
Average rentBachelor	1,491 CAD per unit per month	Toronto CMA · 2025-10-01	CMHC average rents via Statistics Canada table 34-10-0133 approved

CMHC survey against the City's own permit filings

Two independent public sources, asked the same questions. CMHC surveys what finished homes earn; the City of Toronto publishes what builders filed it would cost to build them.

What one new home is worth, and what it costs to build

CMHC survey: $2,045 a month for a two-bedroom, so $24,540 a year (survey 2025-10-01)
City of Toronto open data: $70,000 filed per new dwelling unit, from 414 permits (2023-09-07 to 2026-07-14)

Rent covers the filed construction cost in about 2.9 years before land, fees, financing and vacancy — a screening ratio, not a return.

Cost per square foot of new residential space

CMHC survey: CMHC does not publish a construction cost, so it has nothing to say here.
City of Toronto open data: $313 per sq ft median, $186–$516 between the quarter points, from 855 filings

This is the builder's own filed estimate at permit time. Real tendered cost usually lands above it, so treat it as a lower bound.

Are prices rising?

CMHC survey: The rent survey is published once a year, so it moves slowly.
City of Toronto open data: New housing price index at 144.2 (2026-07-01), published by Statistics Canada, not by the City.

An index shows direction only. Neither source gives a dollar-per-square-foot sale price, and we will not infer one.

What is deliberately missing

No figure here is a board-sourced comparable sale. PropAgent holds no MLS licence, so sold prices, sold dates and days-on-market from HouseSigma, Zillow or Realtor.ca are not used at all.
Rent is the CMHC Rental Market Survey average for the census metropolitan area, not for this street.
The City figure is the construction cost a builder filed on a permit. It excludes land, fees, financing and profit, so it is a floor on what a project costs, never the whole cost.

Source: Bank of Canada.

Contains information licensed under the Open Government Licence – Toronto.

Source: Statistics Canada, table 18-10-0205.

Source: Statistics Canada, table 34-10-0133 (Canada Mortgage and Housing Corporation, Rental Market Survey).