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These are some of the most expensive homes sold in Toronto last year

The most recent data from the Toronto Regional Real Estate Board (TRREB) shows that, as of November 2025, there were 3,654 sales in Toronto and the Greater Toronto Area where the property’s value exceeded $2 million. Here is a closer look at some of the multimillion-dollar homes sold in Toronto last year.

Updated: January 07, 2026 at 12:00AM EST

Published: January 07, 2026 at 6:10AM EST

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What was the luxury market like in Toronto in 2025? The most recent data from the Toronto Regional Real Estate Board (TRREB) shows that, as of November 2025, there were 3,654 sales in Toronto and the Greater Toronto Area where the property’s value exceeded $2 million. Agents say that the data points to a luxury real estate market that has remained relatively stable, even as the wider real estate market has struggled. But they warn that repeated hikes to Toronto's land transfer tax on homes sold for more than $3 million are impacting the market. That tax is set to rise by another 4.4 per cent in 2026. “First of all, the luxury sales market over $5 million performed very, very well, surprisingly for the year,” Paul Maranger and Christian Vermast, executive vice presidents of sales at Sotheby’s International Realty Canada, told CTV News Toronto. “What is going to happen, since we have the non-resident buyer ban, aka the foreign buyer ban, has certainly (impacted) the upper tier of the market and that will be in place until January 1 of 2027.” Here is a closer look at some of the most expensive homes sold in Toronto last year.

60 Alexandra Wood, sold for $7.9 million Right in Toronto’s Lytton Park neighbourhood, this property sprawls more than 6,200 square feet, with a six-piece ensuite and walk-in closet attached to the primary bedroom. This four-bedroom home also has a wine cellar, exercise room with a sauna, a home theatre, and lush gardens in the backyard with saltwater pool. Justin Cohen, vice president of Barry Cohen Homes, tells CTV News Toronto this was the highest sale price in that neighbourhood in 2025. This “modern marvel,” he says, boasts “state of the art home automation” and a custom kitchen with an alternate catering prep kitchen. (Barry Cohen Homes)

37 Strathearn Rd., sold for $9,191,094 Bobby Pasternak, the sales representative for REMAX Hallmark Batori Group who represented the buyers, says this home backs onto the Cedarvale Ravine. “This is an irreplaceable lot because there’s only so many homes they can have on the ravine, and this is one of them,” Pasternak said. “It’s not too close to the main street and it’s just a beautiful location for them to raise their family.” (REMAX Hallmark Batori Group)

37 Strathearn Rd., sold for $9,191,094 This home, listed by PSR Brokerage, spans 8,500 square feet, boasting five bedrooms and seven full bathrooms, with the basement toted as an “entertainer’s dream” with a games room, spa, and recreation area. “The exterior of the home is very subtle, it’s very classy, it doesn’t look like an overbuilt monster even though the interior square footage is huge,” Pasternak said. (REMAX Hallmark Batori Group)

152 Walmer Rd., sold for $9,750,000 This property in Toronto’s coveted Annex neighbourhood kept the bones of the property while adding its own unique flair with its demi-lune curtain wall of windows and an outdoor terrace overlooking a pool. Maranger says this property is nestled in an area where the homes are generally smaller, but this property boasts nearly 5,000 square feet with four plus one bedroom and seven bathrooms. (Paul & Christian Associates)

43 Old Forest Hill Rd., sold for $10,425,000 Maranger and Vermast say this home was customized in a way that’ll make families feel right at home, with a large open kitchen and mudrooms. Like the Walmer property they sold, the back of this home on Old Forest Hill opens up to a back garden and the owners worked with architects to maintain the history of the home. “They both maintained the façade,” Maranger said. “(There’s) odes to the history of the house but then we’re ultra-modern inside.” (Paul & Christian Associates)

52 Fifeshire Road, sold for $10.8 million What stands out about this home is how it was nestled on a “rare” 100-foot private ravine lot with views of St. Andrews Park. This property has a heated driveway, two kitchens, and an “opulent” primary bedroom with a custom spa ensuite bathroom with its own standing soaker tub and steam shower. “It was 13,000 sqft and had unparalleled craftsmanship with state-of-the-art technology,” Justin Cohen, vice president of Barry Cohen Homes, tells CTV News Toronto in an email. (Barry Cohen Homes)

228 Dunvegan Road, sold for $11.9 million This six-bedroom, nine-bathroom estate is nestled in Toronto’s most coveted neighbourhood: Forest Hill. “Dunvegan is one of Forest Hills most prestigious streets to live on, so you are surrounded by many beautiful homes,” Jordan Grossman, PSR Forest Hill partner and listing agent of the property, told CTV News Toronto in a statement. “The idea of a brand new build that nobody has lived in and being able to purchase from the builder where you also have the ability to make some personalized tweaks without the complexities of building the home yourself—and it also being turnkey gives an added advantage." (PSR Brokerage)

20/22 Park Lane Circle, sold for $27,325,000 This estate spans four acres across The Bridle Path, boasting six bedrooms and full bathrooms, a library with floor-to-ceiling bookcases, an indoor pool with recessed Roman arches, backyard gardens and walking paths coupled with untainted reviews of the ravine it backs. Justin Cohen, vice president of Barry Cohen Homes who sold this property, tells CTV News Toronto it was the highest sale reported on the Toronto Regional Real Estate Board in 2025. “Composed of two, two acre ravine lots the buyer could move right in, expand or build their dream estate,” Cohen said. (Barry Cohen Homes)

What are the most expensive neighbourhoods to live in? Digital real estate platform, Wahi, compiled a list of the 10 priciest neighbourhoods in the Greater Toronto Area this year, excluding any borough that saw less than 10 sales in 2025. Based on the median price of homes in the neighbourhood, the Bridle Path is the priciest at roughly $4.4 million, followed by Lawrence Park at around $3.34 million and Moore Park at about $3.28 million. (PSR Brokerage/PSR Brokerage)

What are the most expensive neighbourhoods to live in? Following that is Bennington Heights in East York, with a median home price of $2.875 million, Ledbury Park at $2.67 million, York Mills at roughly $2.6 million, Richmond Hill’s Bayview Hill at $2.585 million, Windfields at around $2.5 million, Kingsway South in Etobicoke at around $2.42 million and then Oakville’s Eastlake neighbourhood at around $2.35 million.

What are the most expensive neighbourhoods to live in? In terms of the number of sales in each neighbourhood, digital real estate platform Wahi saw there were 116 sales in York Mills this past year, with houses in this area staying on the market for 34 days on average. Oakville’s Eastlake neighbourhood also saw a high number of sales in 2025, at 110, with homes listed for an average of 41 days on the market. (Paul & Christian Associates)

What will 2026 bring? For 2026, REMAX anticipates the declining interest rates will buoy Toronto’s real estate market to some degree. But it still expects prices to fall by 3.7 per cent across Canada by the end of the year amid lingering economic uncertainty that it says “may temper rapid growth.” While Maranger says it hasn’t been a “record-breaking” year for the real estate industry, it has been a solid one for his real estate firm as there was a delayed spring market that propped up some of their numbers. “We think the difference between 2025 and 2026 is that people have made that decision to get on with their lives, sow e will see a proper spring market in 2026, which we didn’t have this year,” Vermast said. (PSR Brokerage)

First-time homebuyers focusing on this price point in GTA Heading into 2026, REMAX says first-time buyers are actively searching for homes worth up to $750,000, with many relying on parental support for downpayments. “Move-up and move-over buyers are actively between $750,000 and $2 million, encouraged by a narrower price gap between smaller and larger detached homes,” the REMAX report reads. “Retirees continue to buy up to $1.5 million, often downsizing, using reverse mortgages or helping their children enter the market.”