- Median price, Pickering, all property types
- $784,990As of October 2026.Source
- Median detached price, Pickering
- $940,000As of October 2026.Source
- Average price, Pickering, all property types
- $821,211As of October 2026.Source
- Population of Pickering
- 99,186As of 2021 Census.Source
On this page
Pickering, in Durham Region, counted 99,186 people in 2021. A single price figure hides a lot here, because condos, townhouses and detached homes sit far apart.
Pickering’s $784,990 median against a $940,000 detached median
TRREB’s October 2026 Market Watch shows Pickering with a median of $784,990 and an average of $821,211 across all property types, from 93 sales at about 98% of list price after an average of 27 days. Months of inventory was 3.8. Detached homes averaged $1,001,891 with a median of $940,000, from 46 sales.
Because Pickering has a mix of condos, townhouses and detached homes, the all-type figure sits below the detached one. If you own a detached house, use the detached median to start. If you own a condo, expect the lower number.
Equity and room for a typical home and a detached one
Run the 80% cap the Financial Consumer Agency of Canada describes on two Pickering homes. The first example above, a median home with a $520,000 mortgage, leaves $107,992 of room. The second, a detached home at $940,000 with a $600,000 mortgage, leaves $152,000. Both owners have more than enough room for the loan in the example, but the detached owner is left with just $32,000 after a $120,000 loan.
Pick a loan size that leaves at least a quarter of the room open. The calculator shows the sums as you change the value.
What the price spread means for Pickering owners
The gap between the $940,000 detached median and the $784,990 all-type median is $155,010, and it is the first thing to check before you pick a value. Homes sold at about 98% of list price after an average of 27 days, with 3.8 months of inventory, which describes a market that is neither flooded nor starved.
A lender thinks about resale if a loan fails, and quick sales help that picture. They do not change the arithmetic of the 80% ceiling, and they do not tell you what an appraiser will say about your own house. Ask for the comparable sales behind any value you are given.
Using equity for something other than debt
Some Pickering owners add a basement unit or buy a rental, and the rental property page covers how lenders treat the income. If you are selling and buying and need to cover the gap, the bridge loan page explains interim financing. If the money is for a business, read the business purpose page and keep the home and the business at arm’s length.
Whatever the purpose, write down how the loan will be repaid at the end of the term. A plan that says only “refinance later” depends on a lender saying yes later.
Fees on a Pickering loan, and what they leave out
Ontario’s land transfer tax applies when a property is bought. We found no such tax for registering a second mortgage, as the Ontario page sets out. Budget for an appraisal, legal fees, the registration fee and any lender or broker fee.
Arrears backdrop and safer routes
CMHC’s October 2026 release put Ontario arrears at 0.32% in the second quarter of 2026 and said pressure is concentrated in the Greater Toronto and Hamilton Area and Southwestern Ontario, linked to trade tension and manufacturing. It did not name Pickering.
If debts are already out of hand, a second mortgage is not the only tool. Our second mortgage or consumer proposal comparison explains why a Licensed Insolvency Trustee should be part of the conversation. A trustee earns nothing from a loan.
Growth of 8.1% and the limits of projections
Pickering added 8.1% from 2016 to 2021, going from 91,771 to 99,186 residents over 231.1 square kilometres. In 2021 residents lived in 33,425 of 34,327 private dwellings.
Projections are not promises. If your plan to borrow depends on your home gaining value because of new development nearby, you are betting on something no lender will lend against. Borrow against what the home is worth today, and treat any future gain as a bonus.
Who to ask first about a Pickering loan
Ontario private lenders are reached through Level 2 agents and brokers, so ask for the licence number. When your Pickering figures are ready, send them through the options form for a licensed view.
A Pickering home at the October 2026 median
The $784,990 value is TRREB's October 2026 median price for all property types in Pickering, used as a stand-in for an appraisal. The $520,000 first mortgage and $60,000 new loan are made up. The 80% ceiling is the FCAC limit for second mortgages.
- Home value used
- $784,990
- Equity before the loan
- $264,990
- 80% of the home value
- $627,992
- Combined loan-to-value with a $60,000 loan
- 73.9%
- Room under an 80% ceiling before the loan
- $107,992
$784,990 minus $520,000
$784,990 x 0.8
$580,000 divided by $784,990
A Pickering detached home at the October 2026 median, with a rental unit plan
The $940,000 value is TRREB's October 2026 median detached price in Pickering, used as a stand-in. The $600,000 first mortgage and $120,000 new loan are made up, as is the idea that the loan funds a basement unit.
- Home value used
- $940,000
- 80% of the home value
- $752,000
- Combined loan-to-value with a $120,000 loan
- 76.6%
- Room left after the loan
- $32,000
- Room under an 80% ceiling before the loan
- $152,000
$940,000 x 0.8
$720,000 divided by $940,000
$752,000 minus $720,000
Questions people ask
Does living near the Pickering nuclear station change a lender's view of my home?
We found no lender rule tied to the station. Lenders value your property on comparable sales, not on what sits nearby, so your own appraisal and the first mortgage balance decide the amount.
Why does Pickering's detached median sit above its all-type median?
TRREB's October 2026 data gave a $940,000 median for detached homes and $784,990 across all types. Condos and townhouses sell for less, so they pull the all-type figure down. Match your own home type to the right number.
Should a Pickering owner count on new development to lift the value?
No. Projections are not promises, and no lender lends against a gain that has not happened. Borrow against what the home is worth today, and treat any future gain as a bonus.
Is a second mortgage a safer choice than a consumer proposal?
They solve different problems. A consumer proposal reduces what you owe under a Licensed Insolvency Trustee's supervision, while a second mortgage borrows more against your home. If debts are unmanageable, speak to a trustee before you take on new secured debt.
Can I use Pickering equity to fund a business?
It is possible, but you would put your home behind the debt. Lenders ask for the business purpose and may price the loan differently. Keep business and home finances separate and ask an accountant what is deductible.