Ontario

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

In the Toronto retail market, the median recorded sale price is $2,100,000, across 1,287 recorded transactions, between 2021-09-20 to 2025-12-31.

Analyze a deal

$2.1M

Median sale price

1,287

Recorded transactions

0.0%

YoY change in median

Price distribution

Where Toronto retail sale prices sat across 1,287 recorded transactions.

Median sale price by year

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

Recorded transaction volume by year

Year	Recorded transactions
2021	28
2022	137
2023	310
2024	388
2025	424

This market vs. Ontario overall

Metric	Toronto	Ontario
Median sale price	$2,100,000	$2,194,500
25th percentile	$1,357,204	$1,325,000
75th percentile	$4,200,000	$4,750,000
Recorded transactions	1,287	29,749
Year-over-year change	+0.0%	-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

Retail across Ontario markets

Market	Median price	Transactions
Barrie	$2.6M	52
Belleville	$1.4M	26
Brantford	$1.7M	47
Greater Sudbury	$1.9M	37
Guelph	$2.4M	39
Hamilton	$1.7M	223
Kingston	$2M	57
Kitchener-Cambridge-Waterloo	$2M	158
London	$2.1M	139
Oshawa	$2.2M	72
Ottawa	$2.6M	199
Peterborough	$2.2M	27
St. Catharines-Niagara	$1.6M	151
Thunder Bay	$1.3M	25
Toronto	$2.1M	1,287
Windsor	$1.6M	102

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	Ajax, ON	$7.0M–$8.0M	Retail
2025-12	Oakville, ON	$4.0M–$4.5M	Retail
2025-12	Ajax, ON	$1.0M–$1.5M	Retail

Municipality, month and price band only.

Common questions

What is the median retail sale price in Toronto?

$2,100,000, across 1,287 recorded transactions in our dataset.

Are Toronto retail prices rising or falling?

The median recorded sale price changed +0.0% year over year in the most recent full comparison.

Methodology

This page draws on 1,287 recorded commercial transactions in Toronto between 2021-09-20 and 2025-12-31, 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.