Here Are Home Prices in Every Single Federal Election Riding in Toronto

Wahi ranks the most and least expensive Toronto electoral ridings for single-family homes and condos and examines how prices have evolved since the last time the writ dropped.

By Josh Sherman | 3 minute read

Home prices are often analyzed at the city or regional level, but Wahi’s latest report breaks the numbers down into electoral districts.

The analysis compares median prices from the first quarter of this year to where they stood in the third quarter of 2021, when the last federal election took place. Note that the comparison period comes at the tail end of a meteoric rise in home prices during the pandemic, as 2022 was a banner year for Toronto home prices. Declines since then represent a fall from all-time highs.

Since the 44th election four years ago, when Justin Trudeau, then the leader of the Liberal party, won a third term, prices for single-family homes — including detached and semi-detached homes as well as row and townhouses — climbed in eight ridings, fell in 15 ridings, and were flat in one. The median price of a single-family home in Toronto in the first quarter of this year ($1,286,000) is roughly unchanged compared to four years prior.

Unsurprisingly, given the weakness in the mid- and high-rise markets, prices for condos declined in 16 ridings, remained flat in four, and increased in just three over this period. The few ridings in which condo prices appreciated were found in the city’s west end (Etobicoke Centre, Etobicoke North, Humber River—Black Creek). Condos include townhouses with monthly maintenance fees. The median price of a Toronto condo as of the first quarter ($630,000) has fallen 4% since the last election.

Toronto Ridings with the Most (and Least) Expensive Single-Family Homes

In the first quarter, the most expensive ridings for single-family homes in Toronto were concentrated in and around Midtown Toronto. Don Valley West had the highest median single-family home price at $2,303,607. That makes it the only riding with a median house price above $2 million. The electoral district encompasses 14 neighbourhoods and notably includes the Bridle Path, one of Toronto’s most affluent communities. While prices in Don Valley West are down 10% since the last election, most GTA ridings saw percentage fluctuations in the single digits.
 

Among the most affordable electoral districts for single-family homes, only three had a median price below $1 million. These include Etobicoke North ($950,000), its neighbour to the east, Humber River—Black Creek ($975,500), and Scarborough—Woburn ($997,500). Prices were down 5% in Etobicoke North and roughly flat (-1%) in Humber River—Black Creek. Home prices in the area encompassing Scarborough—Woburn, a new riding for the 2025 federal election, have fallen 8% since the previous election.

Toronto Ridings With the Most (and Least) Expensive Condos

At the top end for condos, five ridings have a median price in excess of $700,000, led by Davenport at $782,500, which is approximately unchanged compared to election time in 2021. The others are Toronto—Danforth ($753,000), Toronto—St. Paul’s ($729,500), Taiaiako’n—Parkdale—High Park ($725,000), and University—Rosedale ($720,000).

Etobicoke North is the most affordable riding for condos with a median price of $543,000, a 3% increase from the last time the writ dropped, signalling the last election. Overall, median condo prices were in the $500,000-$599,000 range in eight electoral districts, including Etobicoke North’s neighbour, Humber River—Black Creek ($559,000) and several ridings in Scarborough.

Suburban Ridings See the Biggest Price Gains

Wahi also ran the numbers for the four regional municipalities surrounding the Greater Toronto Area: Durham, Halton, Peel, and York. 

Throughout the GTA, most ridings saw either moderate increases in prices or declines between the third quarter of 2021 and the first quarter of this year. Declines varied from moderate up to a 26% drop for condos in Brampton South, where the median price is $551,250, and 11% for single-family homes in Markham—Unionville, which has a median price of $1,470,000. Markham—Unionville’s declines were only surpassed by two Toronto ridings, Spadina—Harbourfront and Toronto Centre (15%).

Over this time, there were a handful of price surges in the region, and the greatest increases were in the 905.

Oakville West was an outlier for its sizable gains in the single-family home segment. Its Q1 median price of $1,595,000 stands 10% higher than it did four years prior. 

For condos, Mississauga—Lakeshore and Bowmanville—Oshawa North experienced the greatest price growth in the entire GTA (14%) between election periods. Mississauga—Lakeshore’s median price is $665,000 and Bowmanville—Oshawa North’s is $598,500.