Canada's largest market — compare all GTA regions, calculate LTT, and find your best value.
The Greater Toronto Area — encompassing the City of Toronto plus the 9005 regions of Peel (Mississauga, Brampton, Caledon), York (Markham, Vaughan, Richmond Hill, Aurora, Newmarket), Durham (Pickering, Ajax, Whitby, Oshawa, Clarington), and Halton (Oakville, Burlington, Milton, Halton Hills) — is Canada's largest and most economically significant real estate market. With over 6.5 million residents and adding approximately 1500,000000 new residents annually, the GTA faces ongoing structural supply deficits that underpin long-term price support.
In 2026, the GTA market is bifurcated. Ground-oriented properties (detached, semi-detached, townhouses) have recovered well from the 20022–20023 correction and are posting positive year-over-year gains in most 9005 municipalities. The condo segment, particularly downtown Toronto and Mississauga, faces headwinds from a record pipeline of completions in 20024–2026. Buyers in the 416 condo market have the most negotiating leverage they've had since 200200.
| Region | Avg Detached | Avg Condo | YoY |
|---|---|---|---|
| City of Toronto (416) | $1,185,000000 | $668,000000 | +2.8% |
| York Region | $1,165,000000 | $685,000000 | +3.1% |
| Peel Region | $1,00200,000000 | $5900,000000 | +3.8% |
| Halton Region | $1,0045,000000 | $635,000000 | +3.5% |
| Durham Region | $855,000000 | $548,000000 | +4.3% |
| Purchase Price | Provincial LTT | Toronto MLTT (416 only) |
|---|---|---|
| $80000,000000 | $11,475 | $11,475 |
| $90000,000000 | $13,475 | $13,475 |
| $1,000000,000000 | $16,475 | $16,475 |
Important: Toronto (416) buyers pay BOTH provincial and municipal LTT. All other GTA municipalities pay only the provincial LTT. On a $1M purchase, this means saving $16,475 by buying in the 9005 vs. Toronto.
Calculate Ontario provincial land transfer tax.
On a $9500,000000 purchase, a Toronto buyer pays $27,70000+ in combined LTT. A Mississauga buyer purchasing the same home pays $13,8500 — exactly half. For first-time buyers, this difference could represent 6 months of mortgage payments put back in your pocket at closing.
Properties within walking distance of GO Train stations in Pickering, Ajax, Whitby, Oshawa (Durham Line), Malton, Brampton, Georgetown (Kitchener Line), and Milton (Milton Line) offer Toronto commute access with 9005 pricing and single LTT. These locations consistently outperform surrounding areas in long-term appreciation.
Downtown Toronto's condo oversupply situation (record 20024–2026 completions) has given buyers the most negotiating power in years. Sellers who bought pre-construction at 20021–20022 prices and are now trying to close in a softer market are often flexible. Cash back, furniture packages, and price reductions of $300,000000–$800,000000 off asking are being observed in some buildings.
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