studio / research
Research.
What we're studying, what we're finding, what we're tracking. Where Writing argues, Research shows.
2 studies·updated regularly·live
Study 01 / State of TorontoUpdated May 2026
The numbers behind the city.
Housing prices, rent, supply, and what's actually driving the trend lines. A quarterly check-in.
Housing prices
Avg. detached home
$1,450,000
↑ 2.8%vs. Q1 2026
Outpacing wage growth for the 12th consecutive year.
Source: TRREB · Q2 2026
Avg. condo price
$725,000
↓ 1.4%vs. Q1 2026
Soft as supply absorbs. Smaller units bearing most of the drop.
Source: TRREB · Q2 2026
Rent
Avg. rent · 1BR
$2,450
↑ 1.2%vs. Q1 2026
Still ~38% above 2020 levels in real terms.
Source: Rentals.ca · Apr 2026
Avg. rent · 2BR
$3,200
↑ 0.6%vs. Q1 2026
Family-sized rentals hardest to find on the market.
Source: Rentals.ca · Apr 2026
Supply
Housing starts (annual)
~28,000
↓ 4.2%vs. 2025
Below long-run targets. High rates and costs pressuring builds.
Source: CMHC · Toronto CMA
Mid-rise permits issued
~1,800
↑ 7.1%vs. 2025
Slow but real progress. As-of-right zoning helping.
Source: City of Toronto · 2026
What this tells us
Toronto remains structurally short on housing — particularly the kind of mid-rise, walkable, transit-adjacent housing that Bloorgrove works on. Detached prices keep rising while real wages don't. Condos are softening, but mostly in formats that don't suit families. Rents are still elevated.
The bright spot is the mid-rise permit count. As-of-right zoning changes are starting to translate into permits, even as overall housing starts contract. The gap between what gets approved and what gets built is the next thing to watch.
Sources
TRREB
Toronto Regional Real Estate Board · monthly market reports
CMHC
Canada Mortgage and Housing Corp. · housing starts data
Rentals.ca
Monthly national rent report · Toronto breakdown
City of Toronto
Building permit data · open data portal
← Back to overviewnext update: Aug 2026