Ontario's market this morning: 79,525 homes for sale, median ask $699,900
Friday, November 6 — city medians hide the real story. In today's featured market, Oakville, the median asking price swings by $1,150,990 from one neighbourhood to the next: $849,000 in Westmount, $1,999,990 in West.
The headline numbers
- 79,525 homes for sale in Ontario this morning; the median asking price is $699,900.
- 36,487 homes for lease, median asking rent $2,100 a month.
- Detached homes are 45% of everything for sale — 35,817 listings — still the market's centre of gravity.
- Toronto: 12,548 homes for sale, median ask $788,000 — and 43% of that supply (5,398 listings) is condo apartments. Province-wide, condos are just 14% of what's for sale. Toronto's market and Ontario's market are built from different housing.
Where the inventory sits
The asking-price spread tells you who this market is stocked for. Of everything for sale in Ontario today, 28.8% asks under $500,000 (22,930 listings) and 42.5% sits between $500,000 and $1 million (33,834) — the first-time and move-up bands hold nearly three-quarters of all supply. The top is thinner than the headlines suggest: 19.1% asks $1–2 million, and just 9.6% (7,603 listings) asks $2 million or more. In plain terms, Ontario's active market is a mid-market: the competition, the choice, and most of the eventual deals live between $500,000 and $1 million.
Featured market: Oakville, neighbourhood by neighbourhood
Oakville's town-wide numbers — 1,195 homes for sale, median ask $1,399,000, plus 805 for lease — flatten a town that is really several markets stacked together. The split, across its eight biggest neighbourhood pools:
- Westmount — 85 listings, median $849,000. The most affordable pool among Oakville's eight biggest neighbourhoods — the entry point to the town's market in this table.
- West — 101 listings, median $1,999,990. The priciest of Oakville's eight biggest neighbourhoods — more than double the Westmount median.
- Glenorchy — 118 listings, median $1,049,900.
- Bronte — 103 listings, median $1,449,000.
- Glen Abbey — 83 listings, median $1,349,900.
- Queen Elizabeth — 80 listings, median $1,300,000.
- River Oaks — 80 listings, median $963,098.
- Joshua Meadows — 69 listings, median $869,800.
One town, a $1,150,990 spread between neighbourhood medians. A buyer working with an $849,000 budget is right at the median in Westmount — and barely shopping at all in West, where that budget sits $1,150,990 below the neighbourhood median. This is why the Brief will keep drilling to the neighbourhood level: the town median is the average of markets that don't compete with each other. Explore the town on our Oakville homes for sale page.
What it means
If you're buying: shop the neighbourhood, not the city. Median maps like Oakville's tell you where your budget is strong (deep supply near the median) and where it's a stretch (thin supply well above it). Province-wide, the $500,000–$1,000,000 band holds the most choice — 33,834 listings — so patience there is rewarded with options.
If you're selling: your competition is your neighbourhood's active listings, not your city's. A Westmount seller is competing with 85 listings around an $849,000 median; a West seller with 101 around $1,999,990. Price against the pool you're actually in — our pricing strategy guide covers how.
Numbers: HomesFound's live MLS® feed (PropTx), pulled November 5, 2026 at about 8:27 p.m. ET. Everything here describes active listings and asking prices only. Sold prices are VOW data — available to signed-in HomesFound members under the VOW terms, and never published in the Brief. Figures move as listings come and go.