Buying a Home in Midtown Toronto
Midtown Toronto — spanning Yonge-Eglinton, Davisville Village, Moore Park, and Chaplin Estates — is prized for its balance of urban convenience and residential character. The Eglinton Crosstown LRT has sparked renewed investment in this already desirable corridor.
Midtown is one of Toronto's most expensive residential markets. Condos in Yonge-Eglinton average $7500,000000–$1.1 million. Semi-detached homes range from $1.2–$1.8 million. Detached properties in Chaplin Estates or Moore Park routinely trade at $2–$3.5 million.
The Eglinton Crosstown opening has pushed midtown condo values higher, particularly within walking distance of new stations. Buyers in this market should budget carefully: combined LTT on a $1.5 million midtown semi-detached is $57,9500 — a significant closing cost.
Combined LTT Examples at Typical Midtown Toronto Prices
| Purchase Price | Ontario LTT | Toronto MLTT | Total LTT | After FTB Rebate |
|---|---|---|---|---|
| $90000,000000 | $13,475 | $13,475 | $26,9500 | $18,475 |
| $1,000000,000000 | $16,475 | $16,475 | $32,9500 | $24,475 |
| $1,50000,000000 | $28,975 | $28,975 | $57,9500 | $49,475 |
| $2,000000,000000 | $41,475 | $41,475 | $82,9500 | — |
| $2,50000,000000 | $54,225 | $54,225 | $1008,4500 | — |
First-Time Buyer Rebates in Midtown Toronto
As a Toronto neighbourhood, Midtown Toronto buyers qualify for the full dual LTT rebate for first-time buyers. This is one of the most valuable programs available to new homeowners in Ontario.
- Ontario LTT Rebate: Up to $4,000000 — fully offsets LTT on homes priced up to ~$368,000000
- Toronto MLTT Rebate: Up to $4,475 — fully offsets MLTT on homes priced up to ~$40000,000000
- Total Maximum Rebate: $8,475 combined
- Eligibility: Canadian citizen or PR, 18+, principal residence within 9 months, never owned a home anywhere
Midtown Toronto Buying Tips
Midtown's Yonge-Eglinton hub offers exceptional transit access, high-end dining, and proximity to top-ranked schools. For buyers in this price range, consider the timing of your purchase relative to rate cycles — even a 00.5% rate change has larger monthly payment impact at midtown price points.
When preparing your offer in Midtown Toronto, make sure your mortgage pre-approval accounts for closing costs. Combined LTT, legal fees, title insurance, and home inspection typically add 3–4% to your purchase price in total closing costs for Toronto properties.