Yorkville tops the list of GTA's priciest luxury markets, with one standout median price
The Greater Toronto Area’s luxury real estate market experienced a downturn in the third quarter of 2025, though several established neighbourhoods defied the trend with increased activity among high-end buyers.
Sales of homes priced at $3 million and above fell approximately 15% compared with the same period in 2024, according to analysis from Wahi. Between July and September, 321 luxury properties changed hands on the resale market, down from 376 during the third quarter of last year. The figure also represents a 17% decline from the second quarter of 2025, when 388 luxury homes were sold.
“Luxury homebuyers may have bigger budgets than typical buyers, but many seem to be exercising caution and standing on the sidelines anyway,” said Wahi economist Ryan McLaughlin.
Toronto dominates luxury activity
Despite the broader slowdown, luxury home sales remained concentrated within the City of Toronto, particularly in centrally located neighbourhoods. Of the 22 GTA neighbourhoods with at least five luxury home sales in the third quarter, 14 were located in Toronto proper.
Eight neighbourhoods with at least five luxury transactions in both the third quarters of 2024 and 2025 saw increased activity in the $3 million-plus range this year. These included the Toronto neighbourhoods of Ledbury Park, Lawrence Park, Rosedale, Forest Hill, the Beach, Yorkville, and Willowdale, as well as West Oakville in Halton.
Price and volume leaders
Yorkville emerged as the GTA’s most expensive luxury neighbourhood, with a median price of $6.25 million among the nine luxury homes that sold during the quarter. Casa Loma was the only other neighbourhood where the median luxury home price exceeded $5 million, at $5.3 million.
York Mills recorded the highest volume of luxury sales, with 18 properties selling above $3 million in the third quarter, matching the same number as last year. Two Oakville neighbourhoods followed: Eastlake had 17 luxury sales, down from 19 in the third quarter of 2024, while Old Oakville recorded 16 sales, compared with 26 a year earlier.
Eastlake, a waterfront neighbourhood with a higher-than-normal share of custom luxury homes, has frequently appeared among the top five most underbid neighbourhoods in Wahi’s monthly Market Pulse reports. In 2024, the area was among the most underbid for eight consecutive months.
The data suggests established neighbourhoods with central locations continue to attract well-heeled purchasers willing to transact at the $3 million-plus price point.
