Ontario home prices expected to reach new record average of almost $900K next year Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Home sales data and expert forecasts continue to reiterate how hectic the real estate market in Toronto is, and it's become quite unignorable for anyone who was ever hoping to own property in the GTA — or even Ontario at large — that it's going to keep getting less and less affordable to do so. The latest report to sober anyone hoping to live in the province long-term comes from the Canadian Real Estate Association (CREA), which forecasts that the average price of a home in the province will climb to a staggering $855,218 this year, an unheard of 21.2 per cent higher than in 2020.