Market insights · Steeles

Steeles market

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SteelesMarket reportOctober 2026

Market at a glance

The latest figures for Steeles — October 2026.

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In October 2026, 14 homes sold in Steeles at a median price of $940,000, 27.0% higher than in October 2025. Homes took 39 days to sell on average and sold for 98.4% of the asking price.

Median sold price: the middle sale of the month, by firm date. Days on market: the average for homes that sold. Sold vs asking: the average sold price as a share of the final asking price. Year-ago comparisons use the same area and home type.

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Seasonal patterns

How a typical year runs in City of Toronto, from 2013–2025 sales. A history, not a forecast.

Bars: the average share of a year's sales that happened in each month. Under each month: how its median sold price sat against that year's own trend (the median over 13 years) — partly the season, partly which homes sell then. In a typical year October has 9.1% of the year's sales. Pattern shown for City of Toronto.

Property types at a glance

Compare key metrics by home type — October 2026.

Share of homes sold

Distribution of sales by property type — October 2026.

  • Detached64.3%9
  • Condo townhouse7.1%1
  • Condo apartment28.6%4

Completed sales, not homes for sale. Percentages are rounded, so they may not add to exactly 100%.

Market pace

Key indicators of market activity: what's coming on, what's available and how fast it's selling.

New listings31
+55.0% vs. Sep 2026higher
Homes newly listed for sale in Oct 2026.
Active listings38
For sale now
Today’s count, updated through the day.
Sales-to-new-listings ratio45%
-9.8 pts vs. Sep 2026lower
Homes sold in Oct 2026 ÷ homes newly listed in Oct 2026.
Months of inventory—
TRREB doesn’t publish this area
How long the homes for sale would last at the recent pace of sales.

Buy vs rent

Estimated monthly cost to own at Steeles's median sold price, next to what homes are listed for rent at today.

Own$5,174per month, estimated
Rent…loading rents
Down payment
Mortgage rate
Mortgage payment$4,369
Property tax (estimate)$705
Home insurance (estimate)$100
Total to own$5,174

Assumptions: 20% down, 4.99% for 25 years compounded semi-annually (as Canadian mortgages are), property tax at 0.9% of the price a year, home insurance about $100 a month; no condo fee. Rents are asking rents of whole homes listed for lease today, not signed leases; a bedroom count with fewer than 10 listings isn't shown. An estimate to compare the market, not advice for your situation.

Compare areas

See how different regions performed in October 2026: median sold price and change from a year earlier.

Every area uses the same measure: median sold price of all homes, by firm date, for October 2026. Pictures are illustrations.

Compare any areas

ScarboroughCity of TorontoGTA

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Days on market

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Sold vs asking

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Benchmark price (TRREB HPI)

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Homes for sale now

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Each area's newest finished month, all homes, by firm date; the benchmark is TRREB's latest; homes for sale are today's count. A figure with too few sales to publish says so.

Steeles at a glance

How the market leans here, and who has been buying.

Balanced marketAll home types · 26 sales over 3 months
Buyer'sBalancedSeller's

Homes in Steeles are selling near asking in about 33 days. Neither side has the upper hand right now.

What sold in Steeles, by home type — October 2026

Every style of home, averaged honestly — so you can see exactly where your home fits.

⌂ Detached homesAVG SOLD PRICE
2-Storey Detached
8 sales · 40d to sell
$1,120,000
AVG SOLD
Bungalow
1 sale · too few to publish a price
—
INDICATIVE
▤ Semis, links, townhomes & condosAVG SOLD PRICE
Condo Apt
4 sales · too few to publish a price
—
INDICATIVE
Condo town · 3-storey
1 sale · too few to publish a price
—
INDICATIVE

Average sold price within each tier. Detached split by style; townhomes by freehold or condo and 2- or 3-storey; semis and links counted separately. Tiers with fewer than 3 sales are marked indicative. Ask us for a precise read on any segment.

Detached homes sold — by size

Median price and price-per-square-foot for detached homes across size bands in October 2026. Smaller homes cost more per foot; larger homes cost more overall.

SIZE (SQ FT)MEDIAN SOLDHOMES SOLD$ / SQ FT
Under 1,000—1—
1,000 - 1,499—3—
1,500 - 1,999—4—
2,000 - 2,499$1,110,0005$495
2,500 - 2,999—1—

Bands with only a handful of sales are directional. Ask us for the fuller multi-month trend.

Benchmark home values

The TRREB Home Price Index — the price of a typical Steeles home by type, with year-over-year change. As of October 2026.

Detached
$1,087,000
▼ 4.0% year over year
Typical: 4 bed · 2 full + 1 half bath · double garage · finished basement · 16–30 years old
Semi / Freehold Town
$840,700
▼ 3.3% year over year
Typical: 3 bed · 2 full + 1 half bath · single garage · finished basement · 31–50 years old
Condo Townhouse
$633,800
▼ 4.7% year over year
Typical: 3 bed · 2 full + 1 half bath · single garage · unfinished basement · 16–30 years old
Condo Apt
$472,800
▼ 13.2% year over year
Typical: 2 bed · 1 bath · underground parking · 31–50 years old
$787,300
BENCHMARK HOME VALUE · OCTOBER 2026
MONTH-OVER-MONTH
-1.85%
YEAR-OVER-YEAR
-2.94%

HPI INDEX — MONTHLY · NOV '25–OCT '26
277.5292.1292.7274.5NovDecJanFebMarAprMayJunJulAugSepOct

Index down 14.6 pts over the last 12 months — values trending down. A higher index means a higher typical home value. Scale zoomed to show monthly change · Source: TRREB / Altus HPI.


STEELES COMPOSITE BENCHMARK PRICE · 2018–2026 · TYPICAL HOME VALUE
$787K$590K$999K'18'19'20'21'22'23'24'25'26

The typical Steeles home is up about 33% over the period shown — through the 2021 peak and the correction since. Year-end MLS® HPI composite benchmark · Source: TRREB / Altus HPI.

Benchmark trend

Steeles composite HPI benchmark, by month.

$787k latest
▼ 4.5% YoYpeak $1.16M
$577k$724k$870k$1.02M$1.16M201820192020202120222023202420252026

Source: TRREB Home Price Index. A benchmark is the price of a typical home in the area — not an estimate of any one home.

Recent sold homes — October 2026

Individual sold listings across Steeles — free once you create an account.

AddressCommunityTypeBed / BathListSoldSold on
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What moves Steeles prices

Two forces sit behind almost every price move: the cost of borrowing and the pace of inflation. When rates fall and inflation cools, buying power rises and prices tend to firm; when they climb, the market cools.

5-year fixed mortgage rate
4.58%
▲ 0.09 pt
Aug 2025Aug 2026
Bank of Canada · uninsured, funds advanced
Inflation — CPI
3.10%
▲ 0.10 pt
Sep 2025Sep 2026
Bank of Canada / StatCan · year-over-year

Monthly market data

Homes sold, median price, days on market and sold vs asking in Steeles, for the last 36 months.

Show the table
MonthHomes soldMedian priceDays on marketSold vs asking
Nov 2026 (so far)1—15100.0%
Oct 202614$940,0003998.4%
Sep 202611$620,00026103.5%
Aug 202614$1,000,0003098.5%
Jul 202622$910,00024102.7%
Jun 202614$860,0002997.5%
May 202614$510,0002799.9%
Apr 202610$570,0003898.1%
Mar 202612$1,010,0004599.9%
Feb 20266$970,00043101.4%
Jan 20267$700,0007194.5%
Dec 202511$920,00030100.8%
Nov 202510$960,0002997.3%
Oct 202514$740,0002496.7%
Sep 202518$860,0003097.0%
Aug 202516$900,0002698.0%
Jul 202515$620,0003398.6%
Jun 202514$1,190,0002099.5%
May 202510$950,00024100.3%
Apr 202513$810,00039100.2%
Mar 202513$1,050,0003199.2%
Feb 202518$950,00017106.1%
Jan 202510$630,00046100.9%
Dec 20245$750,0002498.1%
Nov 202417$810,00027103.3%
Oct 20249$1,100,00024105.8%
Sep 202413$770,00016101.1%
Aug 202412$1,020,00038101.1%
Jul 202413$1,090,00017105.4%
Jun 202415$760,00019104.7%
May 202415$990,00022101.4%
Apr 202412$750,00028104.1%
Mar 202415$790,00017107.3%
Feb 202414$760,00020103.7%
Jan 20248$590,0008298.6%
Dec 20238$640,0004495.7%

By firm date. A dash: too few sales that month to publish the figure.

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