Ontario's market this morning: 78,959 homes for sale, median ask $699,900
Friday, November 13 — city medians hide the real story. In today's featured market, Lorne Park, the median ask is $2,398,000 — and across Mississauga's prestige pockets the median asking price swings by $1,449,000 from one neighbourhood to the next: $949,000 in Clarkson, $2,398,000 in Lorne Park.
The headline numbers
- 78,959 homes for sale in Ontario this morning; the median asking price is $699,900.
- 37,338 homes for lease, median asking rent $2,100 a month.
- Detached homes are 45% of everything for sale — 35,280 listings — still the market's centre of gravity.
- Toronto: 12,497 homes for sale, median ask $780,000 — and 43% of that supply (5,357 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, 29.1% asks under $500,000 (22,970 listings) and 42.4% sits between $500,000 and $1 million (33,497) — the first-time and move-up bands hold nearly three-quarters of all supply. The top is thinner than the headlines suggest: 18.9% asks $1–2 million, and just 9.6% (7,553 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: Lorne Park, neighbourhood by neighbourhood
Lorne Park's own numbers — 85 homes for sale, median ask $2,398,000, plus 16 for lease — sit nearly three times above Mississauga's city-wide median of $845,000. But even Mississauga's prestige pockets don't move as one market. Today's table is Lorne Park plus its prestige peer neighbourhoods across Mississauga — eight pools along the lakeshore and the Credit River. The split:
- Clarkson — 123 listings, median $949,000. The most affordable pool among the eight — the entry point to this prestige table.
- Lorne Park — 85 listings, median $2,398,000. The priciest pool in the table — more than two and a half times the Clarkson median.
- Lakeview — 160 listings, median $1,025,000.
- Port Credit — 156 listings, median $1,044,060.
- East Credit — 108 listings, median $1,269,000.
- Mineola — 87 listings, median $2,129,000.
- Erindale — 80 listings, median $1,295,000.
- Sheridan — 47 listings, median $1,749,000.
One city, a $1,449,000 spread between neighbourhood medians — all of them prestige addresses. A buyer working with a $949,000 budget is right at the median in Clarkson — and barely shopping at all in Lorne Park, where that budget sits $1,449,000 below the neighbourhood median. This is why the Brief will keep drilling to the neighbourhood level: the city median is the average of markets that don't compete with each other. Explore the area on our Lorne Park homes for sale page.
What it means
If you're buying: shop the neighbourhood, not the city. Mississauga's $845,000 median describes almost nothing about its prestige pockets, where medians run from $949,000 to $2,398,000 — your budget is strong in one pool and a stretch in the next. Province-wide, the $500,000–$1,000,000 band holds the most choice — 33,497 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 Clarkson seller is competing with 123 listings around a $949,000 median; a Lorne Park seller with 85 around $2,398,000. Price against the pool you're actually in — our pricing strategy guide covers how.
Numbers: HomesFound's live MLS® feed (PropTx), pulled November 12, 2026 at about 8:20 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.