North York · City of Toronto
Mortgages in North York, compared across lenders
We compare banks, credit unions and monoline lenders for your North York purchase, renewal or refinance, and explain the trade-offs in plain English.
We help North York borrowers buy, renew and refinance with a bank, credit union, trust company or monoline lender, comparing the offers side by side. In September 2026 TRREB's 7 North York districts recorded 350 sales at an average of $985,752 (TRREB district figures, our sum, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.
North York in numbers
These are the latest published figures we could check for North York, each with its source and date. They describe the market, not your mortgage.
Home sales, September 2026
- Sales, districts combined
- 350
- Average sale price, districts combined
- $985,752
Total and average are our arithmetic: the districts' sales added up, and their dollar volume divided by those sales. A median can't be added up, so each district's is below.
| District | Communities (as TRREB names them) | Sales | Median |
|---|---|---|---|
| C06 | Bathurst Manor, Clanton Park | 19 | $493,000 |
| C07 | Lansing-Westgate, Newtonbrook West, Westminster-Branson, Willowdale West | 59 | $645,000 |
| C12 | Bridle Path-Sunnybrook-York Mills, St. Andrew-Windfields | 17 | $2,410,000 |
| C13 | Banbury-Don Mills, Parkwoods-Donalda, Victoria Village | 39 | $875,000 |
| C14 | Newtonbrook East, Willowdale East | 69 | $605,000 |
| C15 | Bayview Village, Bayview Woods-Steeles, Don Valley Village, Henry Farm, Hillcrest Village, Pleasant View | 80 | $640,000 |
| W05 | Black Creek, Downsview-Roding-CFB, Glenfield-Jane Heights, Humber Summit, Humberlea-Pelmo Park W5, Humbermede, York University Heights | 67 | $810,000 |
Residential property tax rate, City of Toronto, 2026
- Total rate
- 0.767311%
Made up of City 0.605295% + City Building Fund 0.009016% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.
Renting, October 2025
- Average two-bedroom rent
- $2,046 a month
- Vacancy rate
- 3.0%
A year earlier the rent was $1,974 and vacancy 2.5%. The survey covers purpose-built rental apartments in private buildings of three or more units.
What's different about borrowing in North York
- North York is part of the City of Toronto, so buyers pay the Toronto municipal land transfer tax on top of Ontario's. Our land transfer tax calculator works out both.
- The City of Toronto's 2026 residential property tax rate, which applies in North York, is 0.767311% of the home's assessed value, counting the City, City Building Fund and education parts (City of Toronto, 2026 Property Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
- A two-bedroom apartment in the Toronto census metropolitan area (CMA), which includes North York, rented for $2,046 a month on average in October 2025, up from $1,974 a year earlier (CMHC, checked October 2026). Vacancy was 3.0%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
Toronto buyers pay two land transfer taxes — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.
Who we help in North York
We help North York households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.
If you plan to renovate, some lenders offer a purchase-plus-improvements mortgage, subject to lender approval. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.
Questions from North York borrowers
Is North York part of Toronto for land transfer tax?
Yes. North York is part of the City of Toronto, so you pay Toronto's municipal land transfer tax and Ontario's. First-time buyers may qualify for a refund of part of each.
Illustrative, not a quote: TRREB publishes no single median for North York, so this uses the September 2026 City of Toronto median of $810,000. Ontario's tax is $12,675 and Toronto's is $12,675, $25,350 in all (TRREB median, ontario.ca and toronto.ca brackets, checked October 2026).
If you qualify for both first-time buyer refunds in full, $16,875 is left (up to $4,000 from Ontario and $4,475 from Toronto). This is our arithmetic: below $2 million the two taxes use the same brackets, so each comes to the same amount.
Your lawyer works out the exact amount at closing.
Can I finance a renovation when I buy in North York?
Yes, with some lenders. They offer a purchase-plus-improvements mortgage, which adds the cost of agreed work to the loan and releases that money once the work is done. You need contractor quotes up front, and it is subject to lender approval.
Can I work with you if I live in North York?
Yes. We work with borrowers across Ontario by phone and online, and our office is in Richmond Hill, in York Region.
Nearby: Toronto · Vaughan · Richmond Hill · Markham
General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.
Sources
- TRREB, GTA Market Watch, September 2026, checked October 2026.
- City of Toronto, 2026 Property Tax Rates, 2026 tax year, checked October 2026.
- CMHC Rental Market Survey, Table 1.0, published 11 December 2025, October 2025, checked October 2026.
- Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
- Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
- City of Toronto, Municipal land transfer tax rates and fees, page updated 7 April 2026, checked October 2026.
- City of Toronto, Municipal land transfer tax rebate opportunities, page updated 18 December 2025, checked October 2026.
- CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
- TRREB, Toronto Central community housing market report, 2026 Q2, district and community names, checked October 2026.
- Land transfer tax example: our arithmetic, Ontario's and Toronto's brackets applied to the TRREB September 2026 City of Toronto median, less both first-time buyer refunds, checked October 2026.
No cost to talk
Talk to a broker about your North York mortgage
Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.
You can also call us at (416) 371-2077.