Steeles, Scarborough - September 2026 Real Estate Report

Steeles, Scarborough: Here's What Your Home Is Actually Worth Right Now

If you live in Steeles and you're still relying on your last property tax assessment to know what your home is worth, you're flying blind. The market has moved. The numbers have shifted. And the gap between what the city thinks your home is worth and what a buyer would actually pay today is wider than most people realize. Here's the real picture.

The Vibe: What's Happening on Our Streets

Let's split this into two conversations, because houses and condos are telling very different stories in Steeles right now.

Houses: Steady, But Buyers Are Holding the Cards

If you've been watching the "For Sale" signs in Steeles, here's what's actually happening with houses. The average HonestDoor Price sits at $1,154,638, up 2.32% from the previous period. That's a real, positive move. But the sales data adds some important context.

• Average sale price: $1,300,000
• Average list price this month: $1,388,000
• Homes are selling at 93.66% of list price - meaning buyers are negotiating roughly $88,000 off asking
• Average days on market: 120 days
• Price per square foot: $533
• Predicted market value: $1,128,479
• Rental yield: 4.45% with estimated rent at $4,575 per month

That 120-day average is the number we need to talk about. In a hot market, homes move in weeks. At 120 days, houses in Steeles are sitting. The days-on-market rank is 11 out of 12 compared to similar Scarborough neighbourhoods - that's near the bottom of the leaderboard. On the growth leaderboard, Steeles houses rank 15 out of 25, which puts us in below-average territory for Scarborough right now. The market isn't crashing - it's taking a breather. But sellers need to know that buyers have options and they know it.

Condos: A Cooling We Can't Ignore

The condo picture in Steeles is worth a closer look, especially if you own one and have been thinking about your next move.

• Average HonestDoor Price: $518,619 - down 0.87% from the previous period
• Predicted market value: $523,150
• 3-month moving average: $534,325 - values are trending down
• Recent value change: -3.42%
• Estimated rent: $2,619 per month
• Rental yield: 3.79%
• Airbnb rank in Scarborough: 6th

That -3.42% recent change is the headline for condo owners. Values are sliding against the 3-month average, and the growth rank of 13 out of 25 puts Steeles condos in below-average territory on the Scarborough leaderboard. For context, nearby Hillcrest Village condos are averaging $758,817 - significantly higher. Pleasant View comes in cheaper at $495,162. Steeles sits in the middle, but the direction of travel right now is downward.

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

Here's the thing about government assessments - they're a snapshot from the past. They don't update in real time. They don't know that buyer behaviour in Steeles shifted, that days on market stretched to 120 days, or that condo values dipped 3.42% recently. Your tax assessment is essentially a history lesson.

The HonestDoor Price is the real-world check. It pulls current market signals - what homes are actually selling for, what comparable properties are doing, what the trend line looks like right now - and gives you a live number. For houses in Steeles, that's $1,154,638. For condos, it's $518,619. These aren't estimates from two years ago. They're today's picture.

If you're making any financial decision tied to your home - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you want in your hand, not whatever the city last printed on your assessment notice.

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

Straight talk: if you own a house in Steeles and you're thinking about listing this summer, the window is open but you need to price it right from day one. Homes sitting 120 days on average tells us that overpriced listings are getting ignored. Buyers are paying 93.66% of list price - so if you list at $1,388,000 expecting full price, history says you'll land around $1,300,000 after negotiation. Price sharp, present well, and don't wait for the market to come to you.

If you own a condo and were hoping to time a peak - that peak may have already passed for now. The 3-month trend is down, and a -3.42% recent change is a signal worth taking seriously. That doesn't mean panic. It means if selling is on your radar, sooner is likely better than later while values stabilize.

Either way, the first step is knowing your real number. Check your HonestDoor Price, compare it to what's actually selling nearby, and make your move with real data - not guesswork.

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.