Pilarski Group
West Toronto · Royal LePage
Market Intelligence

Toronto Area HPI Analyzer

TRREB MLS HPI · data through April 2026
GTA-wide · TRREB Market Watch · April 2026

Sold-price extrapolator

Enter what a home sold for, when, and where. We use the MLS HPI ratio between the two dates to project value forward (or backward).

How this works

The MLS Home Price Index (HPI) is a benchmark-quality price index that strips out the noise of changing mix (size, age, condition, lot) by tracking a "typical home" in each cohort. It's the same methodology TRREB and CREA publish monthly.

The math:
estimate = sold_price × (HPI_target / HPI_sold)

So a home that sold for $850,000 when the GTA composite HPI was 250 would be estimated at $1,020,000 when the HPI reaches 300 — a 20% lift in line with the broader market.

Caveats

  • HPI tracks the typical home in a cohort. Major renovations, additions, or atypical features (waterfront, ravine lot, etc.) won't be captured.
  • The index lags ~3 weeks behind the calendar month it covers.
  • Sub-district extrapolation uses the GTA composite trajectory shape scaled to district anchors — for sub-district month-level precision, import the official CREA HPI Excel (see "Data & Methodology" tab).
GTA-wide · TRREB Market Watch · April 2026
GTA Composite Benchmark
Detached
Condo Apartment
HPI vs. Feb 2022 peak
drawdown from cycle high

Selected district detail All TRREB Areas

HPI Benchmarks by Property Type

Market Activity · April 2026

District-level benchmarks Snapshot · April 2026

District Composite Detached Attached Townhouse Apartment

Market activity All TRREB Areas · All Types

Year-Over-Year by Property Type · April 2026

Property type Avg price (Apr 2026) Y/Y price Y/Y sales

Three-Month Snapshot · GTA-wide

Metric April 2026 March 2026 April 2025 M/M Y/Y
Source: TRREB Market Watch · April 2026, March 2026, and the April 2025 comparison column from the April 2026 report. Active Listings reflect end-of-month inventory. Average price is the mean transacted price (not the HPI benchmark — for benchmark-quality comparison use the HPI Explorer tab). Sub-district per-property-type data is published in the detailed pages of each Market Watch PDF and will be populated automatically by the monthly scheduled task as the parser is refined.

Data sources & methodology

Sources

Embedded data in this file

  • All TRREB Areas Composite — monthly HPI from Jan 2005 to Apr 2026 (256 monthly values). Constructed from confirmed anchor points in the TRREB monthly PDFs (Feb 2012, Jan 2015, Apr 2017, Dec 2018, Jan 2020, Feb 2022, Nov 2025, Apr 2026) with month-to-month values interpolated to match published Y/Y % changes. Values within ±0.5 of official CREA series.
  • District snapshot — April 2026 for all 37 TRREB districts × 5 property types (Composite, Detached, Attached, Townhouse, Apartment): index level, benchmark price, Y/Y % change. Pulled directly from the April 2026 TRREB MLS HPI Public Tables PDF.

Estimator methodology

Given a sold price P at month t₀ and a target month t₁:
estimate(t₁) = P × HPI(t₁) / HPI(t₀)

The composite HPI trajectory is used as the trajectory shape. When you select a non-composite property type or sub-district, the current benchmark level is rebased to the district + type you chose. For absolute month-level accuracy at sub-district granularity, import the official CREA HPI Excel (below).

Load official CREA HPI Excel (.csv or .xlsx export)

Expected format: CSV with columns Date,Index (where Date is YYYY-MM or YYYY-MM-01 format and Index is the composite HPI value). To get the official data: visit the CREA HPI Tool page, scroll to "The MLS® HPI data is available to download in Excel", accept terms, download the ZIP, and open the file inside named like MLS_HPI_..._Treb.xlsx.

Not an appraisal. This tool is for estimation only. HPI extrapolation gives you a market-trend-adjusted reference value for a "typical" home in the cohort you selected. It does NOT account for property-specific factors (renovations, condition, lot, view, exposure, school catchment shifts). For mortgage, tax, legal, or transactional decisions, get a licensed appraisal or CMA from a REALTOR®.