Malvern, Scarborough - September 2026 Real Estate Report

Malvern, Scarborough: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on your street and wondering what's actually going on, here's the honest version. Malvern is holding its ground. It's not setting the world on fire, but it's not sliding either. For a neighbourhood that consistently gets overlooked in favour of flashier Scarborough postal codes, that's actually a decent story.

We're the most affordable option in Scarborough for houses - ranked 12 out of 12 on price. Some people read that as a knock. Flip it around: we have the most room to run.

Houses: Steady, Slow, and Still Worth Your Attention

The honest numbers on houses right now:

• Average sale price: $745,000
• Average list price this month: $769,900
• Price per square foot: $491
• Homes are selling at 96.77% of list price - buyers are negotiating, and winning
• Average days on market: 50 days
• Rental yield: 4.99% per month
• Estimated monthly rent: $3,729

One sale last month. Fifty days to get there. This is a buyers' market, full stop. Sellers are not calling the shots right now. If you're listing this summer, you need to price it right from day one - not where you hope to land, but where buyers are actually writing offers.

The days-on-market rank is 10 out of 12 in Scarborough. That means our houses sit longer than almost everywhere else nearby. Pricing strategy matters more here than in most neighbourhoods.

The growth rank is a different story. We sit at 7 out of 25 comparable neighbourhoods. That puts us in the above-average tier for Scarborough. The neighbourhood is moving in the right direction, just not in a hurry.

Condos: A Small Dip Worth Watching

Condo owners, pay attention here. The numbers are softer:

• Average HonestDoor Price: $493,252 - down 0.45% from last period
• Predicted market value: $495,506
• 3-month moving average: $501,351 - the trend is dipping
• Recent value change: -2.46%
• Estimated monthly rent: $2,499
• Rental yield: 3.84%
• Airbnb estimate: $124 per night

The condo market here is taking a breather. Values are sitting below nearby Morningside ($531,615) and Rouge ($563,697). The 3-month trend is pointing down, not dramatically, but consistently. If you own a condo in Malvern and you've been thinking about selling, waiting for the market to "come back" is a gamble right now. The growth rank for condos sits at 12 out of 25 - middle of the pack.

The Airbnb rank for condos is 9 in Scarborough. That's a solid short-term rental position if you're exploring that route.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing most Malvern homeowners don't realize. Your city tax assessment is a snapshot from the past. It doesn't know what happened on your street last month. It doesn't factor in current buyer demand, recent comparable sales, or where the market is heading right now.

The HonestDoor Price is updated in real time. For houses in Malvern, that number sits at $844,723 - up 2.13% from the previous period. Your city assessment is almost certainly not reflecting that. That gap between what the city says your home is worth and what a buyer would actually pay today - that's money left on the table if you don't know it exists.

Think of the HonestDoor Price as the real-world check. It's what the market is saying, not what a government form printed two years ago says.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers - you can sell, but go in clear-eyed. Buyers have leverage right now. The sale-to-list ratio of 96.77% means the average seller is leaving about $25,000 on the table from their asking price. Price it sharp, not optimistic. Fifty days on market is a long time to carry costs.

The good news: at $844,723 on the HonestDoor Price and a growth rank of 7 out of 25 in Scarborough, Malvern houses are genuinely outperforming most of the borough on momentum. You're not selling from a weak position - you just need a realistic number.

For condo sellers - the window may be tighter. Values are drifting down compared to the 3-month average. If selling is on your radar for 2025, sooner beats later based on where the trend line is pointing.

For anyone thinking about holding and renting - a 4.99% rental yield on a house is a respectable return in this market. At $3,729 per month in estimated rent, the math works if you're a patient landlord.

Bottom line: Malvern is affordable, it's growing faster than most of Scarborough, and most owners here are sitting on more value than their last tax bill suggests. Check your HonestDoor Price. Know your real number before you make any move.

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.