Top Real Estate Agents in Toronto.

WOWA.ca rates agents based on their transactions, experience, and customer reviews to find you the top real estate agents in Toronto.

Toronto's Top Agents

Derek L.
(18)
RE/MAX HALLMARK
8 Years of Experience
Norman X.
(53)
Royal LePage Signature
6 Years of Experience
Wins L.
(81)
Living Realty Inc., Brokerage
9 Years of Experience
Bill S.
(88)
iPro Realty
13 Years of Experience
Janice F.
Hazelton Real Estate Inc.
26 Years of Experience
Andrew S.
Blue Elephant Realty
6 Years of Experience
Henry D.
Blue Elephant Realty
5 Years of Experience
Noella I.
RE/MAX CONDOS PLUS CORP.,
14 Years of Experience
David C.
(44)
Royal LePage Signature Realty
6 Years of Experience
Catharine M.
Bosley Real Estate Ltd.
8 Years of Experience
Mark A.
RE/MAX Hallmark Realty LTD., Brokerage
26 Years of Experience
Jennifer D.
(23)
Royal Lepage Terrequity
14 Years of Experience

Toronto Real Estate News

Market Report Summary
Updated June 4th, 2021
  • Average home prices continued to rise this May to new all-time highs
  • Average sold prices increased by 28% year-over-year to $1.10M
  • Detached home prices increased by 37% year-over-year to $1.42M
  • Semi-detached home prices increased by 23% year-over-year to $1.06M
  • Townhouse prices increased by 38% year-over-year to $950k
  • Condo apartment prices increased by 9% year-over-year to $682k
  • Housing inventory continued to decline to an average of 1.3 months

Toronto Housing Market Overview

Data for May 2021
Avg. Sold Price:$1,108,453
All Property Types:$1,108,453
Detached:$1,415,698
Semi-Detached:$1,064,361
Townhouse:$949,983
Condo Apartment:$682,280
Transactions (Buy/Sell):11,951
All Property Types:11,951
Detached:5,718
Semi-Detached:1,233
Townhouse:1,215
Condo Apartment:2,710

Toronto's housing market stabilized this May as home sales traced back below all-time highs. Since March, monthly home sales have dipped by 23%, marking an earlier-than-expected seasonal decline in activity. Home prices have remained relatively stable with average sold prices for all property types hovering around $1.09M. Inventory remained limited - a situation likely caused in part by COVID-19 lockdown measures.

Notice: Year-over-year comparisons for May will be exaggerated by the temporary downturn from the outbreak of COVID-19 in March 2020.

Average sold prices were at $1,108,453 this May, up slightly from the previous high of $1.097M reached in March. Detached homes accounted for 53% of sales with an average sold price of $1,415,698, a 37% YoY increase. Semi-detached accounted for 11% of sales with an average sold price of $1,064,361, a 23% YoY increase. Townhouses took the same percentage with an average sold price of $949,983, a 38% YoY increase. Condo apartments accounted for the leftover 25% of sales with an average sold price of $682,280, a 9% YoY increase.

The expansion of the CMHC First-Time Home Buyer Incentive will likely provide a short-term boost to condos in the Toronto region. First-time home buyers in the Toronto CMA spanning from Oakville to Oshawa, Vancouver CMA, and Victoria CMA are eligible to borrow 5% or 10% of a property's price from the Federal government for their down payment interest-free. The expansion increased the maximum household income limit from $120,000 to $150,000 and the total borrowed amount from 4x household income to 4.5x household income, which increases the home price limit from approx. $500K to more than $700K.

However, the recent rise in mortgage rates as well as the prospect of tighter monetary policy from the Bank of Canada as early as mid-2022 could limit home affordability in Toronto. In addition, the Office of the Superintendent of Financial Institutions (OSFI) and the Ministry of Finance have raised the benchmark mortgage stress test rate for both insured and uninsured borrowers from 4.79% to 5.25%, limiting affordability for marginal buyers.

About Toronto Real Estate

Ontario is home to the largest number of real estate agents in Canada: the Toronto Regional Real Estate Board (TRREB) alone represents over 56,000 agents, or more than 40% of the total agents in Canada represented by the Canadian Real Estate Association (CREA).

Toronto has been experiencing explosive growth in recent years in both its population and housing market. This population growth is not evenly distributed throughout the city of Toronto, however, with a significant portion concentrated south of Bloor in the downtown area, especially in the Waterfront communities, as well as the neighbourhoods west of the Downtown.

Top 1% Listing Agents in

Total transactions for calendar year 2019 amounted to 87,825 as reported through TRREB's MLS® System with the number of total new listings reaching 150,000 over the year or on average over 10,000 a month. Based on the latest Toronto housing report, the average selling price for residential properties hovers just over $800,000; more specifically: $1,016,776 for detached properties, $814,424 for semi-detached properties, $659,990 for townhouses, and $587,959 for condominiums or apartments. For commercial properties,around 1,000 are sold each year and just under 25 million square feet of leased commercial property space.

Regarding real estate commissions in Toronto, the average combined real estate agent commission is between 3.5% to 5% of the total selling price. Real estate commissions are split between the buyer’s and seller’s agents. Higher commissions are possible, but the standard rate is 5%.

Within the GTA, a recent survey conducted by TRREB revealed that 11% of Toronto residents indicated that they were extremely likely to purchase a home over the next year and 49% of recent home buyers were first-time home buyers. The most popular home type for intending buyers was the detached house which made up 46% of all residential property sales in 2019.

The second most popular home type was the condominium or apartment, which made up 27% of all residential property sales in 2019. Toronto has 2,326 high-rise buildings - a large number that reflects factors including population density and public transportation . In 2019, the condominium apartment market segment experienced the most dramatic year-over-year price growth with a 6.4% price increase from 2018, but prices are still more affordable compared to other property types especially for first-time home buyers.

With the plethora of choices on the market and the number of agents available, we understand that buying or selling a property can be overwhelming. Choosing the right agent is one of the most important decisions you will make, and that is why we are here to help. We have accumulated some of the best agents in Toronto and developed honest and transparent profiles to make your decision-making easy and convenient—contact any of them straight through the website and secure your own real estate journey today.

Toronto Commission Structure

Real estate commissions are the fees that home sellers pay to the seller and buyer real estate agents for their services. In Toronto, the total commission rate is set anywhere from 3.5% to 5%. Seller agents usually get 1% to 2.5% of the total commission with the buyer agents getting 2.5%. You can use our calculator provided below to calculate your real estate commission estimate for Toronto. For other cities in Ontario, please visit our Ontario real estate commission calculator page for more information.

Seller Commission Rate
%
5% Total Commission
$
You will pay around...
$45,20045k
5%
total commission
Buying Agent Commission
$20,00020k
Selling Agent Commission
$20,00020k
13% HST
$5,2005.20k
The seller of the property will pay for both buying and selling agents' commission. For example, if the seller agent commission is 2.5% and the buyer agent commission is 2.5%, you will pay a total commission of 5%.

Toronto Real Estate Tools for Buyers and Sellers

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.