Toronto Reviews: Toronto Rent and Home Prices, 2016–2025

Fixed research snapshot, sources checked 16 September 2026.
Core home-price series: TRREB reporting area, annual averages, August 2026 publication vintage.
Core rent series: CMHC Toronto CMA, October, two-bedroom, purpose-built apartments, vacant and occupied combined.
Supplement: City of Toronto Q4 condominium two-bedroom lease averages, separate contemporaneous archive vintages.
CPI: Statistics Canada 18-10-0005-01, Toronto All-items, annual, vector v41695186, 2002=100.

These geographies, housing stocks and periods are different. Do not interpret their ratio as a matched-property yield or rent-versus-buy comparison.

provenance.json provides source URLs and exact row/page locations for each year. source-hashes.json fingerprints the reviewed downloads, retained by the publication; original source PDFs are not redistributed in this package.

Run python reproduce.py in this folder to recalculate the main findings from the included CSV. No third-party Python libraries are required.

Null first-year year-over-year values are intentional. Source amounts are whole CAD; derived values retain full calculation precision. Core CMHC observations all have reliability a (excellent). Condo-derived columns refer only to the archive panel.

Underlying observations: TRREB, CMHC and Statistics Canada. Extraction, calculations and paper: Toronto Reviews. No original household survey, causal estimate, peer review or automatic future updates is claimed.

Open toronto-housing-tracker.html in a browser for the complete paper, interactive charts, source inspection and year lookup. It contains the reviewed dataset and can work offline. For exact original amounts use the tracker table or CSV.
