Annex, Toronto - July 2026 Real Estate Report

Annex Real Estate Right Now: Your House Is Worth More Than the City Thinks

The Vibe on the Street

If you own a home in the Annex and you haven't checked your HonestDoor Price lately, now is the time. The average HonestDoor Price for a house here sits at $2,635,854 - up 1.40% from the previous period. That's real movement in a market where a lot of Toronto neighbourhoods are sitting still. Condos are telling an even more interesting story, with the average HonestDoor Price at $1,326,212, up 4.59%. That's not a rounding error. That's momentum.

Houses vs. Condos - What's Actually Happening

Houses: We're seeing a slight dip in the predicted market value to $2,599,541, which is just below the 3-month moving average of $2,604,231. Property values have shifted -0.53% recently, and on the neighbourhood growth leaderboard, Annex houses rank 30 out of 43 Toronto neighbourhoods. That puts us in below-average growth territory right now. Think of it as the market taking a breather after a long run. The fundamentals are still strong - an estimated rent of $8,101 per month and a rental yield of 3.62% tell you this is still a serious asset.

• Average HonestDoor Price (Houses): $2,635,854
• Recent price change: -0.53%
• Estimated monthly rent: $8,101
• Rental yield: 3.62%
• Airbnb potential: $402 per night - ranked 10th in Toronto
• Growth rank: 30 out of 43 Toronto neighbourhoods

Condos: This is where the Annex is quietly outperforming. The predicted condo value is $1,268,037, and it's climbing - up from a 3-month moving average of $1,258,512. The 3.18% recent price change and a growth rank of 21 out of 44 Toronto neighbourhoods puts Annex condos in above-average territory. One condo sold last month at $2,800,000, with buyers paying 98.25% of list price. That means buyers are engaged but not desperate - a stable, rational market. Average days on market was just 12 days. That's not slow.

• Average HonestDoor Price (Condos): $1,326,212
• Recent price change: +4.59%
• Estimated monthly rent: $4,860
• Rental yield: 2.71%
• Airbnb potential: $249 per night - ranked 9th in Toronto
• Growth rank: 21 out of 44 Toronto neighbourhoods
• Average days on market: 12 days
• Sale-to-list ratio: 98.25%

How Does the Annex Stack Up Against the Neighbours?

Context matters. Here's how we compare to the neighbourhoods right next door.

• University - Houses at $1,945,224, Condos at $980,288. Noticeably cheaper on both counts.
• Casa Loma - Houses at $3,480,065, Condos at $1,688,620. The pricier option, with condo values sitting above Annex at $1,468,922 predicted value.
• Wychwood - Houses at $1,704,123, Condos at $572,432. The most affordable of the three nearby options.

The Annex sits comfortably in the middle of this group - more accessible than Casa Loma, but carrying more prestige and price than Wychwood or University. That positioning matters when buyers are shopping the area.

The Secret Sauce - Why Your HonestDoor Price Matters Right Now

Here's the thing about your city tax assessment: it's old news. The City of Toronto updates assessments on a cycle that can lag real market conditions by years. Your HonestDoor Price is a real-time estimate that reflects what buyers are actually paying today - not what a government office calculated a few years ago.

For Annex homeowners, the gap between those two numbers can be significant. With houses averaging $2,635,854 on HonestDoor and condos up 4.59% in recent movement, your property could be worth considerably more than your assessment suggests. That matters for insurance conversations, estate planning, and especially for deciding whether now is the right time to list. Don't make a six-figure decision based on a number that's already out of date.

The So What - Should You Sell This Summer?

If you own a condo in the Annex, the timing looks decent. Values are trending up, days on market are short at 12 days, and the growth rank puts us above average in the city. Buyers are active and paying close to asking price. That's a reasonable window.

For house owners, the picture is more nuanced. The HonestDoor Price is up 1.40%, but the short-term predicted value is slightly below the 3-month average. We're not in a panic - but we're not in a frenzy either. If you need to sell, the market will receive you. If you can wait, watch the next 60 to 90 days for signals that the breather is over.

Either way, the smartest first move is checking your HonestDoor Price today. Know your real number before you call an agent, price a listing, or make any assumptions based on what your neighbour's place sold for two years ago. The market moves fast. Your information should too.

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.