Ontario

Toronto Land Market Report 2025 — Prices, Cap Rates & Trends

In the Toronto land market, the median recorded sale price is $8,500,000, across 617 recorded transactions, between 2021-09-13 to 2025-12-18.

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$8.5M

Median sale price

617

Recorded transactions

-12.2%

YoY change in median

Price distribution

Where Toronto land sale prices sat across 617 recorded transactions.

Median sale price by year

5 of 5 years in the window carried enough recorded sales to plot a median for Toronto land.

Recorded transaction volume by year

Year	Recorded transactions
2021	50
2022	181
2023	130
2024	118
2025	138

This market vs. Ontario overall

Metric	Toronto	Ontario
Median sale price	$8,500,000	$2,194,500
25th percentile	$4,050,000	$1,325,000
75th percentile	$20,250,000	$4,750,000
Recorded transactions	617	29,749
Year-over-year change	-12.2%	-5.5%

Asset classes in Toronto

Asset class	Median price	Transactions
Industrial	$2.8M	1,836
Land	$8.5M	617
Multifamily	$2.9M	1,462
Office	$2.5M	772
Other	$3.3M	1,047
Retail	$2.1M	1,287

Land across Ontario markets

Market	Median price	Transactions
Barrie	$4.4M	95
Belleville	$3.7M	14
Brantford	$4.8M	78
Greater Sudbury	$1.9M	17
Guelph	$4M	52
Hamilton	$3.9M	139
Kingston	$2.2M	24
Kitchener-Cambridge-Waterloo	$4.7M	109
London	$3.3M	94
Oshawa	$2.8M	75
Ottawa	$3.5M	166
Peterborough	$1.6M	13
St. Catharines-Niagara	$2.3M	128
Thunder Bay	$2.8M	6
Toronto	$8.5M	617
Windsor	$1.7M	104

Rental market context

The CMHC Rental Market Survey reports a 3.0% purpose-built rental vacancy rate for Toronto (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Mississauga, ON	$19M–$20M	Land
2025-12	Richmond Hill, ON	$2.5M–$3.0M	Land
2025-12	Mississauga, ON	$7.0M–$8.0M	Land

Municipality, month and price band only.

Common questions

What is the median land sale price in Toronto?

$8,500,000, across 617 recorded transactions in our dataset.

Are Toronto land prices rising or falling?

The median recorded sale price changed -12.2% year over year in the most recent full comparison.

Methodology

This page draws on 617 recorded commercial transactions in Toronto between 2021-09-13 and 2025-12-18, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. All 5 years in the window carried enough sales to plot a median. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.