Annex, Toronto - October 2026 Real Estate Report
Annex Real Estate Right Now: Your Neighbour Isn't Telling You This
If you own a home in the Annex and you haven't checked your property value lately, you're probably working off a number that doesn't reflect what's actually happening on the street. Here's the real picture - no fluff, no spin.
The Vibe: Houses vs. Condos in the Annex
The two markets in our neighbourhood are telling very different stories right now, and it matters which one you're in.
Houses - Taking a Breather, But Holding Strong
Our house market is steady. One sale closed at $1,999,999 - right at list price, a clean 100% sale-to-list ratio. That tells us sellers aren't panicking and buyers aren't getting deals handed to them. It's a balanced standoff.
- Average sale price: $1,999,999
- Price per square foot: $1,067
- Average days on market: 38 days
- Sale-to-list ratio: 100%
- Estimated rent: $8,399 per month
- Rental yield: 3.58%
- Airbnb potential: $409 per night - ranked 11th in all of Toronto
The 38-day average is worth noting. Houses here are sitting a little longer than some other Toronto neighbourhoods - we rank 8 out of 11 on days-on-market speed. That's not a crisis, but it does mean buyers have a moment to breathe and think. If you're selling, pricing sharp from day one matters more than it did two years ago.
On the leaderboard that actually counts - growth rate - Annex houses rank 7 out of 42 comparable Toronto neighbourhoods. Top 20%. That's a real number worth holding onto.
Condos - The Expensive Outlier
Condo activity in the Annex is a bit of a head-scratcher at first glance. One sale closed at $2,800,000 - at 98.25% of list, meaning the buyer shaved a little off. The market here leans toward buyers right now, but these aren't budget units we're talking about.
- Average sale price: $2,800,000
- Price per square foot: $1,474
- Average days on market: 12 days
- Sale-to-list ratio: 98.25%
- Estimated rent: $5,203 per month
- Rental yield: 2.62%
- Airbnb potential: $269 per night - ranked 5th in all of Toronto
Twelve days on market for condos is fast. That's a meaningful contrast to houses. And that Airbnb rank of 5th in Toronto? If you own a condo here and you're not thinking about short-term rental income, that's a conversation worth having. The Annex pulls visitors. The numbers back it up.
On the growth leaderboard, Annex condos rank 22 out of 44 - right in the middle of the pack. Not a rocket, but not sliding either. Price rank is 1 out of 8, meaning Annex condos are among the most expensive in Toronto. You're at the top of that table.
The Secret Sauce: Your HonestDoor Price vs. That Old Assessment
Here's the thing most Annex homeowners don't realize. Your city tax assessment is a snapshot from the past. It doesn't know what sold on your block last month. It doesn't know that house prices here have moved 3.06% recently, or that the predicted market value for a house right now sits at $2,747,371 - well above where the 3-month average was sitting at $2,682,913.
The HonestDoor Price is updated in real time. For houses, it's currently sitting at $2,667,809 - down 2.90% from the previous period, yes, but it's a live number. For condos, the HonestDoor Price is $1,486,914 - up 5.91%. That's a meaningful jump that your assessment will not reflect for a long time.
If you're making any financial decision - refinancing, selling, even just understanding your net worth - using a stale government assessment is like navigating with an old map. Check your HonestDoor Price first. It's the real-world number.
The "So What?" - Thinking About Selling This Summer?
Here's the honest take for anyone in the Annex weighing a summer sale.
For house sellers - you're in a balanced market with strong fundamentals. Growth rank of 7 out of 42 means buyers looking at Toronto data will find the Annex on their radar. The catch is 38 days on market. Buyers are taking their time. Price it right from the start and you won't be chasing the market down. Price it with wishful thinking and you'll be doing a price cut in week four.
For condo sellers - you're sitting at the top of the Toronto price table (rank 1 out of 8). That's a position of strength, but it also means your buyer pool is smaller. The good news is condos here are moving in 12 days when priced correctly. The 98.25% sale-to-list ratio tells you buyers will negotiate - just not by much.
Either way, the Annex is not a neighbourhood in trouble. Compared to nearby areas, we're priced above University ($1,889,716 for houses) and Wychwood ($1,695,781 for houses), and well below Casa Loma ($3,568,206). We sit in a comfortable middle ground - premium, but not the ceiling.
Summer inventory typically rises. More competition means your presentation, pricing, and timing need to be dialled in. Know your real number before you list. That starts with your HonestDoor Price.
annex | toronto | october 2026This 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.