Ontario's market this morning: 79,147 homes for sale, median ask $699,900
Monday, November 9 — city medians hide the real story. In today's featured market, King City, the median asking price swings by $2,300,099 from one neighbourhood to the next: $999,900 in Schomberg, $3,299,999 in Rural King.
The headline numbers
- 79,147 homes for sale in Ontario this morning; the median asking price is $699,900.
- 36,950 homes for lease, median asking rent $2,100 a month.
- Detached homes are 45% of everything for sale — 35,572 listings — still the market's centre of gravity.
- Toronto: 12,488 homes for sale, median ask $780,000 — and 43% of that supply (5,390 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, 28.9% asks under $500,000 (22,877 listings) and 42.5% sits between $500,000 and $1 million (33,613) — 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% (7,566 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: King City, neighbourhood by neighbourhood
King Township's numbers — the municipality that takes in King City, Nobleton and Schomberg — 287 homes for sale, median ask $2,388,000, plus 55 for lease — flatten a township that is really several markets stacked together. King is a small, high-end market: only four of its neighbourhoods carry 15 or more active sale listings this morning, so today's table is those four. The split:
- Schomberg — 33 listings, median $999,900. The most affordable pool in the township — the village entry point, at less than half the township median.
- Rural King — 95 listings, median $3,299,999. The priciest pool in the township — the rural estate and farm belt, priced at more than triple the Schomberg median.
- King City — 95 listings, median $2,388,888.
- Nobleton — 54 listings, median $1,988,000.
One township, a $2,300,099 spread between neighbourhood medians. A buyer working with a $999,900 budget is right at the median in Schomberg — and barely shopping at all in Rural King, where that budget sits $2,300,099 below the neighbourhood median. This is why the Brief will keep drilling to the neighbourhood level: the township median is the average of markets that don't compete with each other. Explore the area on our King homes for sale page.
What it means
If you're buying: shop the neighbourhood, not the city. Median maps like King'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 — 33,613 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 Schomberg seller is competing with 33 listings around a $999,900 median; a Rural King seller with 95 around $3,299,999. Price against the pool you're actually in — our pricing strategy guide covers how.
Numbers: HomesFound's live MLS® feed (PropTx), pulled November 8, 2026 at about 8:15 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.