Buying Property in Toronto 2026: Foreign Buyer Tax & Market Guide

Toronto's property market remains one of North America's most competitive — with average detached house prices exceeding CAD $1.3 million in the 416 area code and condominiums offering the most accessible entry point for first-time buyers and investors alike. Foreign buyers should note Canada's Non-Resident Speculation Tax (NRST) of 25% on residential purchases in Ontario, though PR holders and those working in Canada are exempt. This guide covers the full buying picture for both residents and international investors.