New Wahi data showed a sharper split between Toronto’s priciest streets and its entry‑level condo belts
Homebuyers in the Greater Toronto Area faced an even starker choice in March 2026: multi‑million‑dollar enclaves in central Toronto and Oakville, or condo‑heavy corridors where prices still hovered under $500,000 just months earlier.
According to digital real estate platform Wahi, Lawrence Park in Old Toronto led the region’s March rankings with a median sold price of $4.5 million, far ahead of other neighbourhoods with at least five sales.
Eastlake and West Oakville in Oakville, along with Kingsway South and Forest Hill in Toronto, all posted medians from roughly $2.3 million to just under $3 million, reinforcing their status as luxury markets geared to high‑net‑worth buyers.
Phil Soper, President and Chief Executive Officer of Royal LePage, says Toronto and Vancouver are expected to see continued price declines, while several other Canadian cities are forecast to post steady gains amid improving local demand.https://t.co/3wiLhR5ef6
— Canadian Mortgage Professional Magazine (@CMPmagazine) April 17, 2026
Luxury pockets pulled further away
Earlier Wahi analysis showed Eastlake, Kingsway South and North York enclaves such as Ledbury Park and Hogg’s Hollow consistently near the top of the price table. These neighbourhoods were driven by demand for detached homes, established school networks and convenient access to transit and downtown job centres.
That concentration of wealth at the high end sat uneasily beside broader market signals. CIBC economists Benjamin Tal and Katherine Judge argued this year that prices in major centres remain “still too high to buy and not high enough to build,” warning that the economics of homebuilding are “simply broken” in much of the country.
Condo corridors held the line on access
Wahi’s recent monthly reports pointed to pockets where median prices stayed below the $500,000 mark, including Queen Street Corridor in Brampton and Core Mississauga – both dominated by condo and apartment stock and appealing to first‑time buyers seeking a foothold rather than space.
Pine Valley Business Park in Vaughan followed with a median of about $457,500, while York University Heights in North York and Core Mississauga in Mississauga both came in around the high‑$460,000 range.
In Burlington, Freeman recorded a median of roughly $470,000, rounding out a bottom‑five list firmly capped below the half‑million threshold.
In Ipsos polling for the Toronto Regional Real Estate Board, 88% of Toronto residents said they are concerned about local housing affordability, with similar levels in Brampton and Mississauga.
“These numbers showed that Vaughan residents were ready for bold action on housing affordability,” TRREB president Daniel Steinfeld said, pointing to public backing for lower development charges as one way to narrow the gap.
Meanwhile, rate cuts coaxed some buyers back, especially into established low‑rise neighbourhoods in the $800,000 to $1.4 million band.
“What we were seeing this spring is a market that has found its floor,” said Ladan Hosseinzadeh Sadeghi, president and CEO of Sky Property Group.
“There’s pent‑up demand that built for two years. As rates stabilize, buyers who were waiting – and there are a lot of them – are re‑entering.”
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