Did Yorkville condo prices go up or down this fall? Toronto Regional Real Estate Board data for October 2026 gives three answers. TRREB's district Toronto C02 includes Yorkville, the Annex, Casa Loma, Wychwood, Summerhill and Yonge & St. Clair, according to Mortgage Sandbox. In that district, the median condo apartment sale fell from $917,500 in October 2025 to $808,000 in October 2026, a drop of about 12%. Over the same twelve months the average sale rose from $1,277,197 to $1,386,857, a gain of about 9%. The MLS Home Price Index apartment benchmark, which is built to cut through that noise, came in at $839,200, up 2.39%.
All three figures are correct. They describe a small set of very different homes that happened to change hands in a single month. For a buyer comparing Yorkville with other downtown luxury districts, that gap is the most useful thing to understand before making an offer.
Three months, three different markets
The October readings look stranger next to the two months before them. Here is how C02 condo apartments read, month by month, in TRREB's Market Watch reports:
| Month | Sales | Average price | Median price | Active listings | Apartment HPI, year over year |
|---|---|---|---|---|---|
| August 2026 | 29 | $1,176,021 | $740,000 | 204 | down 15.83% |
| September 2026 | 30 | $1,690,737 | $1,237,500 | 237 | down 3.00% |
| October 2026 | 35 | $1,386,857 | $808,000 | 239 | up 2.39% |
The median rose by roughly two-thirds from August to September, then gave back about a third in October. Homes in an established district do not reprice like that in sixty days. The mix of homes that sold changed instead. In a month when several large residences close, the median moves up toward them. In a month when the sales are mostly compact suites, it falls back.
The benchmark moved too. It went from a decline of almost 16% to a small gain within two monthly reports. The index is meant to track a typical home, but with only 29 to 35 sales a month it has very little to work with in a district like C02.
Thirty sales cannot carry a neighborhood
The contrast with the wider market shows why the district figures look so unstable. Across the GTA, TRREB recorded 1,385 condo apartment sales in October 2026 at an average of $621,400, down 5.8% year over year. At that volume, one penthouse barely moves the average. In C02, with 35 sales, it can.
The distance between C02's October average and median shows the effect. An average of $1,386,857 sitting about $580,000 above an $808,000 median means a few high-value trades pulled the mean upward while most sales closed far lower. Across the entire GTA, 21 condo apartments sold for $2 million or more in October 2026, and 162 did so between January and October. Yorkville takes a meaningful share of a market that small, so a couple of closings at the top can swing its averages.
Supply sits behind all of this. C02 had 239 active condo listings against 35 sales in October 2026, which works out to almost seven months of inventory at that month's pace. That was lower than a year earlier, when the district had 274 active listings against 36 sales. Buyers have a lot of choice, but the choice is spread unevenly across unit sizes.
Two closings that explain the split
The Toronto Star reported on both ends of the Yorkville market this summer, and the two ends barely resemble each other.
In a luxury building near Bloor Street West and Avenue Road, a one-bedroom of more than 1,000 square feet with floor-to-ceiling windows and CN Tower views sold in July 2026 for $1.465 million. That was about $450,000 below its 2021 purchase price. The Star calculated the unit's decline from December 2021 to July 2026 at 24%, against about 8% for Toronto's condo market over the same period.
The same article reported that a penthouse of more than 5,000 square feet at 181 Davenport Rd. sold in April 2026 for about $15.5 million. The listing agent for that one-bedroom called it the highest resale price ever recorded in Yorkville. In June 2026, a 5,000-square-foot residence at the Four Seasons sold for $10.25 million.
| Bloor and Avenue one-bedroom | 181 Davenport Rd. penthouse | |
|---|---|---|
| Size | More than 1,000 sq. ft. | More than 5,000 sq. ft. |
| Sale | $1.465 million, July 2026 | About $15.5 million, April 2026 |
| Outcome reported | About $450,000 below its 2021 price | Described as Yorkville's highest recorded resale |
Both homes are in Yorkville and both are luxury condominiums. Within the same four months, one closed far below what its owners paid and the other set the neighborhood's resale record. Averaging them into one district figure produces a number that describes neither.
Why the large residences hold their floor
The Star's sources explained the split in terms of who buys each kind of home. Christian Vermast of Sotheby's International Realty Canada said the one-bedroom segment has been hit "more severely" by the downturn, while condos of 2,000 square feet and larger in walkable, amenity-rich locations have held up better because they are rare. He also said return-to-office mandates cut demand from buyers who used a downtown one-bedroom a few days a month, and that many of them moved to two-bedrooms, which had become more affordable over the previous 18 months. The one-bedroom's listing agent described the unit as a classic pied-à-terre and said fewer winter trips to Florida may have cut into that buyer pool.
New construction makes the rarity argument stronger. Research from the Bank of Canada estimates that micro-units make up about 60% of new condo supply, while only about 30% of new households have the characteristics of people who buy them. The region keeps adding the kind of unit that competes with a compact Yorkville suite, and it adds very few homes that compete with a 5,000-square-foot penthouse.
The pipeline is also narrowing. Urbanation reported on October 19, 2026 that in Q3 2026 resale condo prices fell 2.8% year over year in the former City of Toronto, compared with 7.9% in the outer 416 and 9.3% in the 905. Completions in the former city over the prior 12 months totaled 6,884, down 30%. GTHA condo starts for the first three quarters of 2026 came to 2,696, 82% below the 10-year average, and Urbanation expects completions to fall from 20,868 in 2026 to 4,213 in 2029. The central city is holding value better than the suburbs, and the new supply that would have competed with it is drying up.
The tower at Yonge and Bloor
The largest unknown on Yorkville's eastern edge is One Bloor West. In its report dated September 8, 2026, the court-appointed monitor said a sales and marketing program was being developed ahead of the project's anticipated sales launch. The monitor expected the remaining structural elements to be substantially complete by the end of 2026, and said a preferred five-star luxury hotel operator had been selected, with definitive agreements being finalized. On October 23, 2026, UrbanToronto reported that enclosure of the tower's crown was advancing as its upper floors filled in.
A November 2025 plan reported by RENX set the condominium count at 411 units, with an early-2028 completion estimate. When that inventory comes to market, its unit mix will matter more to nearby resale values than its headline price per square foot. A relaunch heavy in compact suites adds to the segment that is already under pressure. Large residences would compete with the rare stock that has held up.
Pricing a Yorkville unit when the district average cannot
The same evidence points to four habits for reading a Yorkville condo's value.
- Sort comparables by size first. A one-bedroom and a 5,000-square-foot residence in the same building have answered to different buyer pools since 2022, as the July one-bedroom and the Davenport penthouse sales show.
- Compare against the 2021 to 2022 purchase price for compact suites. Sellers who bought near the peak may be negotiating around a loss, so the July one-bedroom's outcome is the reference point that matters for them.
- Treat a single month's district median as a description of that month's sales mix. The August to October 2026 swings came with fewer than three dozen sales a month.
- Weigh new supply by unit type. With completions falling and most new product skewing small, the scarcity premium on large central residences has structural support behind it.
FAQ
Is Yorkville in TRREB district C02? Yes. Mortgage Sandbox describes C02 as covering the Annex, Casa Loma, Wychwood, Yorkville, Summerhill and Yonge & St. Clair, so C02 figures mix Yorkville towers with condos in several neighboring areas.
Did Yorkville condo prices rise in October 2026? C02's apartment benchmark was up 2.39% year over year in October 2026. The district median was down about 12% from October 2025, and in August 2026 the benchmark had been down 15.83%. The answer depends on the size of unit in question.
Which Yorkville condos have held value best? According to the Toronto Star, the residences that held up were large ones of 2,000 square feet or more in walkable locations, with Yorkville resales of $10.25 million and about $15.5 million in the first half of 2026.
If you are weighing a Yorkville residence and want comparables matched by size, floor and building rather than by district average, Penthouse Queen prepares a confidential, unit-specific pricing review for buyers and sellers at the top of this market. Request private access.
