Annex, Toronto - September 2026 Real Estate Report

Annex Real Estate Right Now: Your Neighbour's Assessment Is Lying To You

If you own a home in the Annex and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table - or at least making decisions based on stale numbers. Here's what's actually happening on our streets right now.

The Vibe: Houses vs. Condos in the Annex

Let's break it down, because houses and condos are telling two very different stories this month.

Houses - Steady and Holding Strong

The house market in the Annex is doing what a lot of us wish our lives did - staying calm under pressure. One house sold this past period at essentially the full asking price, landing right at 100% of list. That's a balanced market signal. Sellers aren't getting lowballed, and buyers aren't getting gouged.

• Average sale price: $1,999,999
• Average listing price this month: $1,999,900
• Price per square foot: $1,067
• Average days on market: 38 days
• Sold-to-list ratio: 100%
• Rental yield: 3.60% per year
• Estimated monthly rent: $8,246
• Growth rank: 12 out of 42 Toronto neighbourhoods - solidly above average

Thirty-eight days on market is worth noting. Houses here are taking a bit longer to move than some other parts of the city - the days-on-market rank sits at 8 out of 11 in its comparison group. That's not a red flag, but it does mean we're not in a frenzy. Priced right, houses sell. Priced with wishful thinking, they sit.

Condos - Buyers Have a Little More Power Here

The condo side is where things get interesting. One condo sold at 98.25% of list price - meaning the buyer negotiated a small discount. That's a buyers' market signal, and it's worth paying attention to if you're a condo owner thinking about timing your exit.

• Average sale price: $2,800,000
• Average listing price this month: $2,850,000
• Price per square foot: $1,474
• Average days on market: 12 days
• Sold-to-list ratio: 98.25%
• Rental yield: 2.67% per year
• Estimated monthly rent: $5,006
• Growth rank: 10 out of 44 Toronto neighbourhoods - above average
• Price rank: 1 out of 7 in its comparison group - the most expensive condo neighbourhood tracked

Twelve days on market for condos is fast. So while buyers are getting a small discount off list, they're not dragging their feet. Annex condos are still a destination purchase. We're ranked the most expensive condo neighbourhood in our peer group - that's not a warning, that's a reputation.

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

Here's the thing about city assessments - they're a snapshot from the past. The city isn't walking through your door every month to update your file. Your tax assessment could be based on market conditions from years ago, which means it almost certainly doesn't reflect what your home is actually worth today.

The HonestDoor Price is updated in real time. It's the number that moves when the market moves. Right now, that number is telling us something important.

• Average HonestDoor Price for Annex houses: $2,747,390 - up 3.06% from the previous period
• Average HonestDoor Price for Annex condos: $1,404,006 - up 6.09% from the previous period

That 6.09% jump on the condo side is not a small number. If your city assessment hasn't caught up to that move, you could be underpricing a sale, underinsuring your property, or just plain underestimating your own net worth. The HonestDoor Price is the real-world check - the number that reflects what a buyer would actually pay today, not what the government guessed two years ago.

For context, the predicted market value for houses sits at $2,665,927 - already above the 3-month moving average of $2,633,628. The trend line is pointing up. Same story for condos: predicted value of $1,323,409, above the 3-month average of $1,305,957. Both property types are gaining ground.

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

If you're a house owner in the Annex and you're eyeing a summer sale, here's the honest read: the market is balanced, not booming. You'll get a fair price - likely close to or at list - but you need to price it right from day one. With 38 days average on market, an overpriced listing will just sit there while buyers wait you out.

If you own a condo, the window is real but the margin for error is smaller. Buyers are negotiating small discounts off list, so padding your price to leave room for haggling is actually the smart play right now. And with only 12 days average on market, a well-priced condo moves fast - which is exactly what you want heading into summer.

For both property types, check your HonestDoor Price before you do anything else. It's the starting point for every smart conversation - with your agent, your partner, or yourself. The Annex is ranked 12th out of 42 Toronto neighbourhoods for house growth, and 10th out of 44 for condo growth. We're not at the top of the leaderboard, but we're well above the middle - and that's a position worth knowing before you negotiate.

Bottom line: the Annex is holding its value, growing steadily, and still one of the most in-demand addresses in Toronto. Just make sure the number you're working from is today's number - not last year's guess.

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.