Annex, Toronto - August 2026 Real Estate Report

Annex Real Estate Right Now: Steady Money, Slow Sales, and a Price Gap You Need to Know About

If you own a home in the Annex and you haven't checked your actual market value lately, you're probably working with a number that doesn't tell the full story. Here's what's really going on in our corner of Toronto right now.

The Vibe: Houses vs. Condos in the Annex

Let's break it down by property type, because the two markets are behaving very differently right now.

Houses

The house market here is holding its ground. One property sold last month at an average sale price of $1,999,999 - and it sold right at list price, meaning 100% of asking. That's a balanced market signal. Sellers aren't giving ground, but buyers aren't being squeezed either.

The catch? Houses are sitting. The average days on market is 38 days, and our days-on-market rank is 8 out of 9 compared to similar Toronto neighbourhoods. That's a slow burn. If you're listing a house in the Annex this summer, patience is part of the plan.

• Average sale price: $1,999,999
• Price per square foot: $1,067
• Sale-to-list ratio: 100%
• Average days on market: 38
• Estimated monthly rent: $8,180
• Rental yield: 3.61%
• Recent value change: up 1.40%
• Growth rank: 15 out of 43 Toronto neighbourhoods - above average

That growth rank is worth noting. Sitting at 15 out of 43 on the neighbourhood leaderboard puts Annex houses in the top third for value growth across Toronto. We're not leading the pack, but we're well ahead of the middle.

Condos

The condo side is a different story. One condo sold at $2,800,000 - yes, above the average HonestDoor Price for condos - and it went for 98.25% of list. Buyers got a small discount, which puts us in buyer's market territory for condos right now. Listings are sitting at $2,850,000 on average, and the price per square foot is $1,474.

The good news for condo owners is that properties are moving faster - 12 days on market compared to 38 for houses. And on the price leaderboard, Annex condos rank 1 out of 6 comparable Toronto neighbourhoods. We are the most expensive condo market in that peer group.

• Average sale price: $2,800,000
• Price per square foot: $1,474
• Sale-to-list ratio: 98.25%
• Average days on market: 12
• Estimated monthly rent: $5,007
• Rental yield: 2.67%
• Recent value change: up 4.59%
• Growth rank: 24 out of 44 Toronto neighbourhoods - below average
• Price rank: 1 out of 6 - most expensive in its class

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about city assessments - they're snapshots from the past. The city isn't updating your assessed value in real time. Your tax bill might be based on data that's a year or two old, which in a market like the Annex means it could be significantly off from what your home is actually worth today.

The HonestDoor Price is a live, data-driven estimate that moves with the market. Right now, the average HonestDoor Price for a house in the Annex is $2,666,146 - up 1.15% from the previous period. For condos, it's $1,323,306, which has dipped slightly by 0.22%.

Compare that to what's happening with the 3-month moving averages. House values are tracking at $2,616,291 on the moving average, but the current predicted value is $2,635,875 - meaning the trend is moving up. Condo values show the same pattern: moving average of $1,274,436, current predicted value of $1,326,209. Both are climbing.

If you're only looking at your city assessment, you're leaving real information on the table. The HonestDoor Price is the real-world check that tells you where you actually stand today - not where you stood two years ago.

The "So What?": Thinking About Selling This Summer?

If you're a house owner in the Annex and you're thinking about listing this summer, here's the honest read. The market is stable, buyers are paying full price, and our growth rank puts us above average across Toronto. The downside is that 38-day average - you need to price it right from day one, because this isn't a market where you can test a high number and expect a quick offer.

For condo owners, the story is a bit more nuanced. You're sitting in the most expensive condo tier in Toronto's comparable neighbourhoods, which is a strong position. But buyers are negotiating - that 98.25% sale-to-list ratio means they're getting small wins. Price sharp, present well, and you can still move quickly given the 12-day average.

On the income side, if selling isn't on your radar, the rental numbers are solid. Houses are pulling an estimated $8,246 per month in rent, and the Annex ranks 10th in Toronto for Airbnb potential at $410 per night. That's a real alternative to selling in a market that's taking a breather.

Bottom line - the Annex is not a market in trouble. It's a market that rewards preparation. Check your HonestDoor Price, know your real number, and make your move from a position of actual information.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.