Toronto City Council has officially approved another increase to the city’s luxury land transfer tax — a move that will directly impact high‑value home buyers and, indirectly, sellers navigating Toronto’s upper‑end market.
While the change won’t take effect immediately, it adds yet another layer of cost to buying luxury real estate in Toronto, a city that already has one of the most expensive closing‑cost environments in the country. Let’s break down what was approved, when it kicks in, and what it realistically means for buyers and sellers moving into 2026.
Toronto City Council Has Approved Another Luxury Land Transfer Tax Hike
Earlier this week, Toronto City Council voted to increase the municipal luxury land transfer tax on higher‑priced homes. The measure passed as part of the city’s broader effort to generate additional revenue without raising property taxes across the board.
It’s important to underline one key point right away: these new rates do not apply immediately. The updated luxury land transfer tax structure will take effect in April 2026, giving buyers, sellers, and developers a window to plan ahead.
Toronto already charges a municipal land transfer tax on top of Ontario’s provincial land transfer tax. This latest change applies only to the city portion — but at luxury price points, that distinction still translates into significant dollars.
How the New Luxury Land Transfer Tax Works (Graduated Rates Explained)
The approved increase applies to homes with purchase prices above $3 million and works on a graduated scale. That means different portions of the purchase price are taxed at different rates, rather than the entire value being taxed at a single flat rate.
Once implemented in April 2026, the new municipal luxury land transfer tax rates will be:
- $3M to $4M: 4.40%
- $4M to $5M: 5.45%
- $5M to $10M: 6.5%
- $10M to $20M: 7.55%
- Over $20M: 8.6%
These figures represent increases of roughly 0.9 to 1.1 percentage points across the luxury brackets compared to the previous structure.
What This Actually Costs: Real‑World Luxury Home Examples
To put real numbers behind the policy change, below are illustrative before‑and‑after comparisons showing how the municipal luxury land transfer tax changes once the new rates take effect in April 2026. These examples are simplified for clarity and assume the same graduated structure before and after the increase.
Important note: These figures focus only on Toronto’s municipal land transfer tax, not the Ontario land transfer tax. Numbers are approximate and meant for planning conversations — not legal advice.
Buying a $3,500,000 Home in Toronto
Before April 2026 (previous luxury rates – approx.)
- Estimated municipal LTT: ~$111,000
After April 2026 (new luxury rates)
- Estimated municipal LTT: ~$138,000
Difference: ~$27,000 more in city land transfer tax
This is where the increase is felt most sharply. Buyers hovering just above $3M may rethink pricing, negotiate harder, or focus on properties that stay below the luxury threshold altogether.
Buying a $5,000,000 Home in Toronto
Before April 2026 (previous luxury rates – approx.)
- Estimated municipal LTT: ~$200,000
After April 2026 (new luxury rates)
- Estimated municipal LTT: ~$245,000
Difference: ~$45,000 more in city land transfer tax
At this level, buyers are typically more flexible — but a $40K–$50K jump in closing costs still factors into overall value discussions, renovation budgets, or comparisons with non‑Toronto options.
Buying a $10,000,000 Property in Toronto
Before April 2026 (previous luxury rates – approx.)
- Estimated municipal LTT: ~$525,000
After April 2026 (new luxury rates)
- Estimated municipal LTT: ~$650,000
Difference: ~$125,000 more in city land transfer tax
At the ultra‑luxury end, the tax increase is unlikely to derail a purchase — but it is no longer a rounding error. On eight‑figure deals, these changes meaningfully affect total acquisition costs and require more deliberate planning.
What This Means for Luxury Buyers — Now vs. After April 2026
Timing is going to matter more than ever.
Buyers who are actively searching now and able to close before April 2026 will avoid the increased rates altogether. As that date approaches, we expect to see more attention paid to closing timelines, especially for resale homes already trading near luxury thresholds.
For buyers planning purchases in 2026 and beyond, budgeting accuracy becomes critical. Closing costs in Toronto were already substantial — this change simply raises the stakes.
What This Means for Sellers Heading Into 2026
For sellers, the tax technically isn’t their bill — but it absolutely influences buyer behaviour.
Higher transaction costs can affect:
- How aggressively buyers negotiate
- How long buyers take to make decisions
- Which price brackets see the most activity
Some sellers may choose to list earlier to capture buyers motivated to close before April 2026, while others may need to price more strategically to account for increased buyer costs.
Toronto vs. the 905: The Tax Gap Keeps Growing
One of the quiet side effects of this change is how much wider the gap becomes between Toronto and surrounding municipalities.
Buyers comparing Toronto to areas like Oakville, Vaughan, or Mississauga will once again notice that those markets do not charge a municipal land transfer tax. On luxury purchases, that difference alone can amount to six figures.
This doesn’t mean Toronto loses its appeal — but it does mean the decision calculus is shifting.
The City’s Argument — And the Market’s Pushback
Supporters of the increase argue the tax targets a small segment of buyers who can afford to contribute more to city finances. From the City’s perspective, it’s a progressive approach that limits the impact on everyday homeowners.
Critics, including industry groups, counter that repeated transaction‑based taxes risk dampening market activity and making Toronto less competitive long‑term — especially at a time when buyers have more geographic flexibility than ever.
As with many policy decisions, the truth likely sits somewhere in the middle.
What Buyers and Sellers Should Be Thinking About Right Now
Whether you’re buying or selling in the luxury segment, planning ahead matters:
- Understand how April 2026 changes your closing costs
- Stress‑test your budget beyond the purchase price
- Factor timing into your broader strategy
These aren’t reasons to rush or panic — but they are reasons to be informed.
Looking for a Luxury Home in Toronto?
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20 Cluny Drive in Toronto: Rosedale-Moore Park House for sale (Toronto C09) : MLS®# C13092402
20 Cluny Drive Toronto M4W 2P7 
$11,995,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13092402
- Bedrooms:
- 5
- Bathrooms:
- 7
Discreetly positioned on one of Rosedale's most prestigious streets, this exceptional ravine residence offers rare architectural scale, privacy, and contemporary refinement. Set on a remarkable 238-foot deep lot backing onto the Rosedale ravine, the property boasts a resort-like setting with an infinity-edge pool, expansive outdoor living areas, and a covered terrace designed for year-round entertaining. Situated minutes from downtown Toronto, Rosedale is a unique combination of charm and sophistication. It offers upscale dining, designer shopping, top-rated public and private schools, beautiful parks and endless trails for walking, running or cycling. Quick access to the subway system, Yonge Street and Mount Pleasant Road allow for easy access to explore all that Toronto has to offer. 20 Cluny has been thoughtfully renovated to reflect a seamless blend of timeless architecture and modern luxury. This home spans over 6,000 square feet above grade, with a fully finished lower level, providing elegant space for both grand entertaining and comfortable family living. Inside, 11-foot ceilings on the main and third floors enhance light and volume, while expansive principal rooms offer sophisticated living and dining spaces. The main level, exceeding 2,200 square feet, features a functional layout with formal living and dining rooms, a private office, and a kitchen and breakfast area that connect effortlessly to the terrace and gardens. Upper levels include five generously sized bedrooms, each with its own ensuite. The primary suite offers a serene retreat with a dressing room and spa-inspired bathroom. The third floor provides rare additional living space, ideal for guests or multi-generational living. The lower level includes a recreation room, home gym, and wet bar. Complete with a spacious double garage and heated driveways, this elegant home presents a rare opportunity in one of Toronto's most prestigious neighbourhoods. More detailsListed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
- Contact by Email
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41 Old Forest Hill Road in Toronto: Forest Hill South House for sale (Toronto C03) : MLS®# C12885694
41 Old Forest Hill Road Toronto M5P 2P8
$11,900,000Residential Freehold- Status:
- Active
- MLS® Num:
- C12885694
- Bedrooms:
- 5
- Bathrooms:
- 6
A rare statement of architectural distinction, this Forest Hill estate announces itself with quiet confidence and timeless elegance. Designed by award winning architect Richard Wengle and nominated for Luxury Home of the Year, this stately custom residence offers approximately 7,300 square feet of impeccably finished interior space, recently reimagined to exacting bespoke standards.Every detail reflects craftsmanship at the highest level. A slate tile roof and Indiana limestone exterior create a commanding first impression, while the interiors unfold with soaring ceilings, abundant natural light, rich plaster mouldings, and refined architectural finishes. The chef's kitchen by world renowned designer Clive Christian blends beauty and functionality, anchoring the home's principal living spaces.Designed for both entertaining and everyday comfort, the residence features a steam room, trophy wine cellar with brick floors and tasting area, as well as an English style panelled office with custom built shelving. Wellness and convenience are seamlessly integrated with an exercise room, built in speakers, advanced security, and an exceptionally rare six car underground garage complemented by a heated driveway. Outdoors, a landscaped in ground pool, natural stone gas fireplaces, and automated irrigation create a private setting for year round enjoyment. Moments from Yorkville, top private schools, fine dining, and picturesque parks, this is a legacy property in one of Canada's most prestigious communities. More detailsListed by RIGHT AT HOME REALTY- MARK SAVEL
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20 Forest Glen Crescent in Toronto: Bridle Path-Sunnybrook-York Mills House for sale (Toronto C12) : MLS®# C13612618
20 Forest Glen Crescent Toronto M4N 2E8
$11,898,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13612618
- Bedrooms:
- 5
- Bathrooms:
- 5
MORE THAN JUST A RESIDENCE...A WORK OF ART. Designed by Bill Mockler and Drawing Room Architect Inc. and constructed by Teddington Homes. A sophisticated contemporary design with breathtaking ravine views. The front facade is adorned with a custom carved stone statue, smooth limestone, majestic white flowering pear trees flank the front walkway to a stainless steel & glass double door entry, marble foyer, and 10 ceilings. Natural light throughout the residence with massive floor-to-ceiling windows, skylights, and a striking two-storey foyer inviting the beauty of the outdoors inside. The Great room is balanced with two fireplaces and ever changing seasonal views of the garden, formal dining room with refined details, fireplace, & opens to private patio. Chefs kitchen with seamless cabinetry, immense marble island, premium appliances, breakfast area, servery, and pantry. Family room with custom millwork, fireplace, walk out to the garden, and an exquisite powder room. Luxurious primary suite, six-piece spa bath, massive dressing room (originally planned as a 4th bedroom), two other bedrooms with ensuites, and full laundry room. Lower level with recreation room, additional bedroom/exercise rm, bathroom, second laundry rm and wine cellar. The fluid design creates spacious rooms that engage the senses at every turn with, generous wall space for the art collector, high-end finishes, negative trim detailing, luxurious marble surfaces, custom millwork, archways that stretch to the ceiling, exquisite wood elements, automated blinds that recess into walls, Control4 system for lights, speakers, and security. Spectacular 75 x 300 extremely private lot with inviting gunite pool, sundeck, sitting area and outdoor dining area - an oasis! Unparalleled opulent living for those seeking elegance, style, and ultimate privacy on one of Toronto's most coveted streets. Steps to the Golf Club, Yonge St., close to many private schools: Crescent, Bayview Glen, Toronto French School. More detailsListed by ROYAL LEPAGE/J & D DIVISION- MARK SAVEL
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- 1 (647) 2916328
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201 Rosemary Road in Toronto: Forest Hill South House for sale (Toronto C03) : MLS®# C13599294
201 Rosemary Road Toronto M5P 3E2
$11,895,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13599294
- Bedrooms:
- 6
- Bathrooms:
- 8
An exceptional custom-built residence on a prominent Forest Hill corner lot, offering nearly 9,000 sq. ft. of impeccably designed living space across four levels connected by elevator. Surrounded by mature trees and enhanced by expansive windows throughout, this remarkable home is filled with natural light and showcases a rare combination of scale, craftsmanship, and thoughtful design.The main level is designed for both elegant entertaining and everyday family living, featuring sophisticated principal rooms, exquisite millwork, heated stone flooring, and a stunning chef's kitchen appointed with premium Miele appliances, custom cabinetry, and an oversized island. Interiors curated by acclaimed designer Carrie Mudford of CMID create a timeless yet contemporary atmosphere throughout the home.The second level offers four generous bedroom suites, each with its own ensuite. The primary retreat is truly extraordinary, featuring an oversized custom dressing room with extensive built-in cabinetry and a luxurious marble-clad ensuite complete with steam shower, freestanding soaker tub, and private water closet. The third floor provides exceptional flexibility with a fifth bedroom, full bath, private office, built-in bar, and spacious lounge area.Designed with wellness and entertainment in mind, the lower level rivals a private resort, featuring a state-of-the-art fitness centre, steam sauna, dry sauna, expansive recreation room, custom wine cellar, and a spectacular wet bar. A dedicated theatre room with seven premium reclining theatre chairs, serving counter, bar fridge, and microwave creates the ultimate cinematic experience.Radiant heated floors extend throughout all stone-finished areas and the entire lower level. A heated snow-melt driveway accommodates four vehicles with ease, while the exceptional garage configuration offers space for four additional vehicles, including a triple garage with lift access and a separate private bay ideal for a collector automobile. More detailsListed by HARVEY KALLES REAL ESTATE LTD.- MARK SAVEL
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- 1 (647) 2916328
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23 Country Lane in Toronto: Bridle Path-Sunnybrook-York Mills House for sale (Toronto C12) : MLS®# C13475464
23 Country Lane Toronto M2L 1E1
$11,888,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13475464
- Bedrooms:
- 7
- Bathrooms:
- 8
Nestled on one of the Bridle Path's most private and coveted streets, this magnificent south facing estate on Country Lane epitomizes refined luxury and timeless elegance. Set on a spectacular 3/4 acre park-like lot, the residence is surrounded by breathtaking landscaped gardens with mature trees and vibrant plantings that create a setting of serene natural beauty. A grand entrance opens to an impressive, light filled Great Room with soaring ceilings, skylights, and a dramatic water feature. The sun drenched chef's kitchen-featuring top of the line appliances and an oversized centre island flows seamlessly into the family and breakfast rooms, all overlooking the exquisite gardens, pool, hot tub, and gazebo. Walkouts lead to a stunning pergola covered porch, ideal for outdoor dining and entertaining. The luxurious main floor primary suite offers a private retreat with a sitting area, double sided fireplace, and direct garden access. Designed for both family living and formal entertaining, the home includes gracious living and dining rooms, a distinguished office with custom built ins, and five additional bedrooms each with its own ensuite. The open concept layout, hardwood floors throughout, abundant windows, and natural light enhance the home's warm and inviting atmosphere. The fully finished lower level is an entertainer's delight, complete with a bar, wine cellar, steam shower, heated floors, and an in ground sprinkler system servicing the grounds. Additional highlights include a new cedar roof (2019), three car garage with parking for six more on the driveway, heated exterior floors, and professional landscape lighting. This is a rare opportunity to own a landmark Bridle Path residence that seamlessly blends grand architecture, modern comfort, and the unparalleled beauty of one of Toronto's most prestigious settings. More detailsListed by SOTHEBY'S INTERNATIONAL REALTY CANADA- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
- Contact by Email
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32 Arjay Crescent in Toronto: Bridle Path-Sunnybrook-York Mills House for sale (Toronto C12) : MLS®# C13613444
32 Arjay Crescent Toronto M2L 1C7
$11,880,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13613444
- Bedrooms:
- 7
- Bathrooms:
- 9
The Rosedale Grand Estate In the prestigious Bridle Path Sunnybrook York Mills neighbourhood, The Rosedale Grand Estate stands as a testament to timeless grandeur and modern sophistication. Positioned on a southwest-facing ravine lot 106.6x306, the residence offers panoramic views of the Rosedale Golf Club and a rare conservation backdrop. A full walk-out design extends to expansive terraces and a resort-inspired pool, creating a seamless connection between elegant interiors and the natural outdoors. With approximately 13,280 square feet of living space across three levels, the estate embodies both scale and refinement. Soaring ceilings, rich hardwood floors, and walls of glass bring light and openness throughout. Complementing the home's exceptional quality and meticulous upkeep is a brand-new roof, providing both peace of mind and lasting value. The principal suite serves as a private retreat with a spa-like ensuite, elegant dressing room, and three walk-in closets. At the homes center, a custom chefs kitchen with walk-in pantry flows into the grand family room, while the sweeping central hall and curved staircase overlook the ravine, offering an architectural statement of distinction. The full walk-out lower level transforms into an entertainers haven, complete with a home theatre, bar, gym, sauna, and nanny's suite. An elevator services all three levels, ensuring accessibility and ease. Beyond the residence, the lifestyle is unmatched. Families benefit from proximity to some of Canadas most celebrated private and public schools. Just minutes away, downtown Toronto awaits with its world-class dining, cultural attractions, theatres, and luxury shopping. With 6+1 bedrooms and 8 bathrooms, The Rosedale Grand Estate is more than a home it is a statement of legacy, offering privacy, prestige, and connection to the best of Toronto living. An extraordinary residence where conservation beauty, refined luxury, and city sophistication meet. A world of magnificence awaits! More detailsListed by HAMMOND INTERNATIONAL PROPERTIES LIMITED- MARK SAVEL
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- 1 (647) 2916328
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123 Glenayr Road in Toronto: Forest Hill South House for sale (Toronto C03) : MLS®# C13527176
123 Glenayr Road Toronto M5P 3C1
$11,880,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13527176
- Bedrooms:
- 6
- Bathrooms:
- 10
A Newly Completed Architectural Masterpiece In Prestigious Forest Hill, Expertly Crafted By Renowned Danieli Development Group, Celebrated For Exceptional Quality, Enduring Design, & Meticulous Attention To Detail. Encompassing Approximately 10,000 Sq. Ft. Of Luxurious Living Space, This Extraordinary Residence Seamlessly Blends Timeless Architecture With Sophisticated Contemporary Interiors. An Impressive Natural Stone Facade, Elegant Landscaping, And Stately Curb Appeal Introduce Interiors Defined By 12-Foot Main Floor Ceilings, Rich Herringbone Hardwood Flooring, Four Fireplaces, And A Private Elevator Connecting Every Level. The Designer Kitchen Is Paired With A Fully Equipped Butler's Kitchen, Both Outfitted With Premium Miele Appliances, Custom Cabinetry, And Exquisite Natural Stone Finishes. Designed For Exceptional Entertaining, The Home Showcases A Remarkable Custom Wine Cellar Featuring Leather Detailing, Wine Peg Displays, Glass And Mirrored Elements, And Warm Wood Veneers. The Second Level Is Enhanced By Dramatic Mirrored Hallways That Amplify Light And Space. A Lavish Primary Retreat Offers A Private Fireplace, Separate His-And-Hers Walk-In Closets, And Two Spa-Inspired Ensuites Complete With Steam Showers And Bespoke Finishes. Two Additional Bedroom Suites Complete The Second Floor, While The Third Level Offers Two More Spacious Bedrooms. The Resort-Calibre Lower Level Is Dedicated To Luxury And Wellness, Featuring A Private Home Theatre, Nanny Suite With Ensuite, Fully Equipped Gym, Steam Room, Heated Floors, Bar, And A Spectacular Indoor Sicis Saltwater Pool Finished With Iridescent Mosaic Tile And Anchored By A Stunning Double-Sided Fireplace. Completing This Exceptional Offering Is A Rare Five-Car Garage, Along With A Heated Two-Car Driveway, Front Walkway, And Rear Porch. Nearing Completion, This Is A Rare Opportunity To Personalize Select Finishes And Final Design Details While Securing One Of Forest Hill's Most Significant New Luxury Residences. More detailsListed by RE/MAX REALTRON BARRY COHEN HOMES INC.- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
- Contact by Email
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17 Alderbrook Drive in Toronto: Banbury-Don Mills House for sale (Toronto C13) : MLS®# C13556120
17 Alderbrook Drive Toronto M3B 1E3
$11,800,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13556120
- Bedrooms:
- 7
- Bathrooms:
- 10
Architecturally Significant - Builder's Own On Lush One Acre Ravine Lot. Timeless Transitional Architecture. A Rare Custom Estate In The Highly-Coveted Neighbourhood Of Banbury-Bridle Path. Pool, Tennis Court & Overlooks Lush Ravine. Exceptional Luxury Appointments & Interior Amenities. Surrounded By Mature Trees, Natural Beauty, & Exclusive Privacy W/ Over 13,060 SF Of Luxurious Living Space And Resort-Like Rear Garden. Timeless Stucco & Brick Exterior Combined W/Frank Lloyd-Wright Style Cedar Overhangs Plus Copper Flashings & Eaves Throughout. A Long Snow Melting Private Drive & 4-Car Garage. Soaring Ceilings, Refined Millwork, Top-Tier Appliances, Custom Lighting, Control 4 Automation, Rich Hardwood, Abundant Natural Light, & Luxury Finishes Throughout. A Gourmet Kitchen Equipped W/ Premium Appliances, Centre Island, Large Breakfast Area W/ Walkout To Covered BBQ Balcony, Spacious Family Room All Overlooking The Serene Wooded Setting. Charming Wood-Paneled Library W/ Box Ceiling & Concealed Wet Bar. The Primary Retreat Features A Generous W/I Dressing Room & A Spa-Like 7-Piece Ensuite, Plus Sun-Drenched Sitting Room & Extraordinary Box Bay Window Overlooking The Rear Garden. Five Other Generously Sized Bedrooms Complete The Upper Level. The Lower Level Features A Sprawling Rec Room, Temperature Controlled Wine Room W/ Custom Storage For 800+ Bottles, Expansive Billiards Room, State-Of-The-Art Gym W/ Ensuite Sauna & Change Rooms, & Private Nanny Suite. A Grade-Level Walkout From The L/L To The Rear Garden Oasis Gives Access To A Spacious Covered Terrace, In-ground Heated Pool Plus Cabana, Majestic Lawns, Multiple Entertaining Areas, Lighted Sports Court Fit For Basketball And Tennis Plus Pickleball, & Outdoor BBQ Area. Located Minutes From Top Public & Private Schools, Top-Rated Golf Courses, Easy Access To The 401 & 404. This Is Truly a Rare Offering Combining Luxury, Comfort, & Convenience In One Of Toronto's Most Prestigious Enclaves! More detailsListed by RE/MAX REALTRON BARRY COHEN HOMES INC.- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
- Contact by Email
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92 Arjay Crescent in Toronto: Bridle Path-Sunnybrook-York Mills House for sale (Toronto C12) : MLS®# C13115584
92 Arjay Crescent Toronto M2L 1C7
$11,800,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13115584
- Bedrooms:
- 6
- Bathrooms:
- 8
Perfectly positioned on a tranquil cul-de-sac, 92 Arjay Cres. is a masterful expression of contemporary estate living, offering 7,500 sqft above grade of exquisitely designed interiors. Conceived by acclaimed architect Richard Wengle and curated by Coe Mudford, this remarkable residence is defined by grand scale, curated vistas, and seamless flow throughout. A striking limestone façade framed by manicured landscaping creates a commanding first impression, while a heated driveway ensures effortless year-round living. Inside, soaring 11-foot ceilings, aluminum European tilt-and-turn windows, and a refined palette of marble, quartzite, and custom millwork establish a sophisticated yet inviting ambiance. The marble-clad foyer introduces elegant principal rooms designed for both everyday living and exceptional entertaining. Formal living and dining areas are complemented by a sculptural wine display, while the showpiece kitchen serves as the heart of the home, anchored by a dramatic 12-foot quartzite island, premium appliances, and a fully equipped prep kitchen. Expansive family and breakfast rooms open seamlessly to the outdoors, while a sophisticated bar lounge with a double-sided fireplace enhances the home's entertaining appeal. A refined powder room and well-appointed mudroom add thoughtful functionality. Upstairs, the 1500 sq.ft primary suite plus a 500 sq.ft private balcony offers dual dressing rooms w/ islands, and a spa-inspired ensuite with steam shower, soaking tub and dual toilets. Four additional bedrooms, each w/ its own ensuite, are thoughtfully arranged for privacy and comfort. The lower level w/ heated floors throughout is a destination unto itself, featuring a soundproof theatre, fitness studio, wet/dry sauna, nanny or in-law suite, change room w/ steam shower and expansive recreation space with walkout to garden. A heated ramp to the underground garage for nine vehicles provides a rare opportunity for collectors and enthusiasts alike. More detailsListed by ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM- MARK SAVEL
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220 Greyabbey Trail in Toronto: Guildwood House for sale (Toronto E08) : MLS®# E13567700
220 Greyabbey Trail Toronto M1E 1V9
$11,500,000Residential Freehold- Status:
- Active
- MLS® Num:
- E13567700
- Bedrooms:
- 5
- Bathrooms:
- 5
A once-in-a-lifetime opportunity, 220 Greyabbey Trail is one of Toronto's most extraordinary private waterfront estates. Beyond elegant wrought-iron gates, nearly 6 acres of breathtaking park-like grounds unfold, framed by mature trees and 11 magnificent Blaze Maples lining the 660-foot street frontage create an unforgettable arrival. With approximately 770 feet of unobstructed Lake Ontario frontage, one of the longest privately owned waterfronts within the City of Toronto, and your own private beach, this is an offering of exceptional scale, privacy and natural beauty that is impossible to replicate. Lovingly held by the same family since 1967, the home has evolved into an exceptional residence offering over 5,500 sq. ft. of living space with 5 bedrooms + den and 4.5 bathrooms. The heart of the home is a spacious family kitchen with a grand centre island, premium appliances and generous dining area, flowing into a spectacular glass-enclosed solarium with floor-to-ceiling folding doors that create seamless indoor-outdoor living. A formal living room with gas fireplace, private office with custom built-ins, family room and sunfilled breezeway/foyer complete the main level. Upstairs, four well appointed bedrooms include three with private balconies, while the primary suite offers rooftop access and a spa-inspired ensuite with lake views. A three-car garage is complemented by a self-contained guest or nanny suite above. Whether entertaining on a grand scale or enjoying the luxury of your private waterfront, this is more than a home-it's a legacy. More detailsListed by ROYAL LEPAGE SIGNATURE REALTY- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
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170 Roxborough Drive in Toronto: Rosedale-Moore Park House for sale (Toronto C09) : MLS®# C13461906
170 Roxborough Drive Toronto M4W 1X8
$11,500,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13461906
- Bedrooms:
- 6
- Bathrooms:
- 9
Nestled in one of Toronto's most coveted neighbourhoods, 170 Roxborough Drive stands as a testament to timeless elegance and architectural brilliance. This landmark heritage house in North Rosedale offers an unparalleled blend of history, luxury, and modern living, seamlessly woven together to create a residence that is both sophisticated and welcoming. With its impressive stone walls and meticulously designed interiors by Robert Noakes, this home is a true gem in the heart of the city, offering the utmost privacy and exclusivity. Located just moments away from Chorley Park and the vibrant Summerhill Market this home enjoys the perfect balance of quiet residential living. The expansive property boasts 120 feet of frontage, surrounded by mature trees and landscaping, ensuring complete privacy while remaining close to the pulse of the city. The substantial stonework of this landmark house reflects the craftsmanship and care that has gone into preserving its historic charm, while modern updates ensure that the home is not only beautiful but also highly functional for contemporary living. The main floor of this remarkable home offers an array of grand principal rooms that are perfect for both intimate gatherings and large-scale entertaining. With 5 generously sized bedrooms, each complemented with its own ensuite bathroom ensuring privacy, the primary bedroom is a sanctuary with 2 full bathrooms. The third level living room is a private retreat flanked by two bedrooms. Step outside into the beautifully landscaped garden where a stunning in-ground pool takes centre stage. Surrounded by flagstone terraces and greenery this outdoor oasis with a built-in BBQ, is a peaceful and luxurious retreat. The focal point of the lower level is the temperature controlled wine cellar along with a media room, billiard room, and recreation room. A direct entrance from the two car garage and a walk out to the pool storage area and garden from this level are an added benefit. More detailsListed by CHESTNUT PARK REAL ESTATE LIMITED- MARK SAVEL
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- 1 (647) 2916328
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27 Penwood Crescent in Toronto: Banbury-Don Mills House for sale (Toronto C13) : MLS®# C13609374
27 Penwood Crescent Toronto M3B 3B1
$11,499,000Residential Freehold- Status:
- Active
- MLS® Num:
- C13609374
- Bedrooms:
- 8
- Bathrooms:
- 11
Architecturally Significant Iconic Estate , On 100' Lush Frontage Situated In Toronto's Most Exclusive, Private & Prestigious York Mills South With Walking Distance To Bridle Path Trail. 11,230 Sqft. Luxurious Living Space, Includes A Finished & Walkout Basement. Clad in I-N-D-I-A-N-A- -L-I-M-E-S-T-O-N-E Front Elevation Wrapped W/An Architectural Brick Accents, Enhanced by Lush Landscaping, A Heated Driveway, Pathway & Dramatic Exterior Lighting. Exceptional Craftsmanship is Showcased Throughout W/Custom Walnut & White Oak Millwork, Imported European Slabs, 12' Ceilings, Elegant Wall Paneling, Detailed Moldings, Heated Floors & Custom Wood Accent Walls. Floor-to-Ceiling Tilt & Turn R-E-Y-N-A-E-R-S Aluminum Windows & Sliding Doors, Flood The Home W/Natural Light. The Grand Foyer Features Imported Italian Slabs, a Striking Staircase & An Oversized Skylight, Setting a Refined & Elegant Tone. Expansive Principal Rooms Highlighted C-H-E-V-R-O-N Hardwood Floor, Gas Fireplaces & Book-Matched Italian Slab Feature Walls.The Chef-s Kitchen Offers Dual Islands, B/I Miele Appliances, a Butlers Pantry W/Servery Access to the Formal Dining Room & Custom Cabinetry. The Breakfast Area & Oversized Family Rm. Include Large-Scale Aluminum Sliding Doors Leading to an Expansive Deck & Concrete B-E-T-Z Swimming Pool. A 4-Stop E-L-E-V-A-T-O-R Services All 3 Levels, Plus an Additional Private Lift W/Direct Garage Access Fully Accessibility-Friendly. The Primary Retreat Boasts Coffered Ceilings, a Wet Bar, Fireplace, Boutique-Style Hers Dressing Boudoir, His Closet, And a Lavish 7 Pcs Ensuite Designed to Impress. The Entertainment-Ready Basement Boasts an Oversized Recreation Area W/ 2 Double Aluminum Sliding Doors Offering Garden-Level Views And Abundant Natural Light, a Large Gym W/Dry Sauna & Full Bath, a Home Theatre, Additional Washer/Dryer & Direct Access From the Garage Completed W/A Dog Wash Station & Elevator Access & Two Nanny & Guest Rooms. More detailsListed by RE/MAX REALTRON BARRY COHEN HOMES INC.- MARK SAVEL
- SAGE REAL ESTATE LTD., BROKERAGE
- 1 (647) 2916328
- Contact by Email
Data was last updated July 30, 2026 at 04:15 AM (UTC)
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Final Thoughts: Another Cost Layer in an Already Expensive City
Toronto remains one of the most desirable real estate markets in the country, but it’s also becoming one of the most complex from a cost standpoint.
The newly approved luxury land transfer tax hike, effective April 2026, adds another variable buyers and sellers need to account for. With the right planning and guidance, it’s manageable — but ignoring it isn’t an option.
If you’re considering a luxury purchase or sale and want to understand how these changes affect your specific situation, this is a conversation worth having sooner rather than later… send us a message below!
