Oakridge, Toronto - August 2026 Real Estate Report

Oakridge, Scarborough: What's Actually Happening With Home Prices Right Now

If you live in Oakridge and you haven't checked your property value lately, this is your sign. The market here is sending some mixed signals depending on what you own - and the gap between what the city thinks your place is worth and what buyers are actually paying is worth paying attention to.

The Vibe: Houses vs. Condos - Two Very Different Stories

We're seeing a split market in Oakridge right now, and it matters which side of that split you're on.

Houses: The average sale price is sitting at $1,070,000, with listings coming in at $1,099,999. Buyers are paying about 97.27% of list price, which means they're negotiating a little room off the ask. That's a buyers' market signal - not a crash, just a breather. The good news? Houses here are moving fast. The average days on market is just 5 days, which ranks us 1 out of 11 neighbourhoods in Scarborough for speed. When a house hits the market in Oakridge, it doesn't sit.

• Average sale price: $1,070,000
• Average list price: $1,099,999
• Price per square foot: $703
• Sale-to-list ratio: 97.27%
• Average days on market: 5
• Price rank in Scarborough: 4 out of 12 - above average

The HonestDoor predicted value for houses is $924,382, which is slightly down from the 3-month moving average of $944,750. Property values have dipped 1.69% recently, and on the neighbourhood growth leaderboard, Oakridge houses rank 21 out of 25 in Scarborough. That puts us near the bottom for growth right now. Worth knowing before you price your listing.

Condos: This is where the story gets more interesting. The HonestDoor predicted value for condos is $597,825, and it's trending up from the 3-month moving average of $580,720. Values have moved 5.07% recently, and on the Scarborough neighbourhood leaderboard, Oakridge condos rank 5 out of 25 for growth. That's a top performer. If we own a condo here, the momentum is working in our favour.

• HonestDoor predicted condo value: $597,825
• 3-month moving average: $580,720
• Recent value change: +5.07%
• Growth rank in Scarborough: 5 out of 25
• Estimated monthly rent: $2,918
• Rental yield: 3.65%

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

Here's the thing about government assessments - they're snapshots from the past. They don't update in real time, and they don't care that condo values in Oakridge just moved 5.07% or that house prices have softened slightly. Your tax assessment could be telling you a number that's months or even years out of date.

The HonestDoor Price is a real-world check. It pulls from current market activity and updates as the market moves. For houses, it's showing $924,382 right now. For condos, $597,825 - and climbing. That's the number a buyer's agent is probably already looking at when they walk through your door. You should be looking at it too.

Rental investors, take note. Houses are pulling an estimated $3,998 per month in rent with a 4.83% yield. Condos are at $2,918 per month with a 3.65% yield. Neither number is flashy, but both are steady - and steady is underrated in this market.

The So What: Should You Sell in Oakridge This Summer?

If you own a house, the honest answer is: price it right from day one. Buyers are paying 97.27% of list, not over ask. The days of throwing a number at the wall and waiting for a bidding war are on pause. The upside is that well-priced houses are still moving in 5 days - that's genuinely fast. You're not fighting a slow market, you're just fighting overpriced listings. Don't be one.

If you own a condo, your timing looks better. Values are rising, growth ranks near the top of Scarborough, and the HonestDoor Price is above nearby neighbourhoods like Birchcliffe Cliffside ($532,872) and Clairlea Birchmount ($538,146). You have a pricing edge on your neighbours right now. That edge won't last forever.

Either way, the first step is the same - check your HonestDoor Price before you call an agent, not after. It takes two minutes and it means you walk into every conversation knowing what your place is actually worth today, not what the city decided it was worth two years ago.

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.