Steeles, Scarborough - October 2026 Real Estate Report
Steeles, Scarborough: What Your Neighbour Hasn't Told You Yet
The Vibe Right Now
If you've been watching the "For Sale" signs on your street, here's what's actually happening in Steeles. The market is taking a breather - but it's not falling apart. Houses and condos are telling two slightly different stories, and knowing which one applies to you could be worth real money this summer.
Houses: Expensive, Slow, But Holding
We are sitting at the top of the price leaderboard. Houses in Steeles rank 1 out of 12 comparable Scarborough neighbourhoods for price - that means we're among the most expensive in the area. The average sale price is $1,300,000, and listings are coming in at $1,388,000 this month. That gap matters. Buyers are negotiating hard, and on average they're paying 93.66% of the asking price. That's roughly $90,000 below list on a typical deal.
The catch? Homes are sitting. The average days on market is 120 days, and we rank 12 out of 13 for how fast properties move in Scarborough. That's a signal. If you're pricing like it's 2022, you're going to be waiting a long time.
- Average sale price - $1,300,000
- Average list price this month - $1,388,000
- Sale-to-list ratio - 93.66% (buyers are winning negotiations)
- Average days on market - 120 days
- Price per square foot - $533
- Estimated monthly rent - $4,644
- Rental yield - 4.42%
- Growth rank - 10 out of 25 in Scarborough (above average)
Condos: The Cooling Corner
Condos in Steeles are under more pressure. The HonestDoor Price for a condo here is averaging $510,903 - down 1.49% from last period - and the 3-month trend is pointing lower, not higher. The predicted value of $518,619 is already slipping below the 3-month moving average of $527,821. That's a slow leak, not a blowout, but it's worth watching closely.
On the neighbourhood leaderboard, Steeles condos rank 20 out of 25 for growth in Scarborough. That puts us in below-average territory. Nearby, L Amoreaux condos are tracking at $536,310 - about $18,000 ahead of us. Hillcrest Village is even further ahead at $775,586. If you own a condo here and you're thinking about selling, sooner is probably smarter than later.
- HonestDoor Price (condo) - $510,903 (down 1.49%)
- Predicted market value - $518,619
- 3-month moving average - $527,821 (values are sliding)
- Estimated monthly rent - $2,599
- Rental yield - 3.80%
- Airbnb potential - $128 per night (ranked 7th in Scarborough)
- Growth rank - 20 out of 25 in Scarborough (below average)
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. The HonestDoor Price is updated in real time using actual market activity, so it reflects what a buyer would actually pay today, not what a government formula calculated two years ago.
For houses in Steeles, the HonestDoor Price is sitting at $1,138,008. For condos, it's $510,903. These numbers move with the market. Your tax assessment does not. If you're making a decision about selling, refinancing, or even just figuring out where you stand - the HonestDoor Price is the real-world check you need before you do anything else.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Steeles and you're thinking about listing this summer, the price support is still there - but you have to be realistic. Buyers are paying about 6% below asking, and they have time on their side with homes sitting for 120 days on average. Price it right from day one. Overpricing in this market doesn't create a bidding war - it just creates a long, frustrating wait.
If you own a condo, the window is tightening. Values are drifting lower, the growth rank is near the bottom of the Scarborough leaderboard, and nearby neighbourhoods are pulling ahead. Waiting for a bounce-back isn't a strategy right now - it's a gamble.
Either way, the first step is knowing your actual number. Pull your HonestDoor Price before you call an agent, before you renovate, and before you assume your city assessment tells the whole story. It doesn't. Your HonestDoor Price does.
steeles | scarborough | 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.