Photo: Kenn Chaplin from Toronto, Canada · CC BY-SA 2.0Home values in Tay Valley run 36% lower than the median of Ontario’s towns
Owners put the median home at $448,000 at the 2021 census; for Ontario’s towns the median is $695,000. No open sale prices are published in Ontario, so for Tay Valley the census value is the measure. On the 2024 assessment, the middle residential property is valued at $226,000. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns.
Tay Valley’s homes, by two sources
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates.
median, owners’ estimate
- Average
- $496K
- Owners
- 2,150
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Detached houses make up 95% of Tay Valley’s residential properties
Assessors listed 3,865 residential properties in Tay Valley for 2024, 95% of them detached houses.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
97% of Tay Valley’s homes are detached houses, where Ontario’s towns have 60%
At the 2021 census, Tay Valley had 2,420 homes with someone living in them. At least half predate 2001.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Tay Valley | Ontario | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 7% | 8% |
| Needing major repairs | 7% | 6% | 6% |
| Too small for the household | 2% | 5% | 3% |
| Households in core housing need | 3% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
15.5 new homes a year per 1,000 in Tay Valley: in step with Ontario’s towns (15)
Tay Valley issued permits for 208 new homes from 2018 to 2023, or about 35 a year. Houses dominate the permits, at 97% in single-unit buildings (Ontario’s towns: 66%).
The busiest year: 2021, with 69 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Tay Valley is 36% below the $695,000 median of Ontario’s towns
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Tay Valley: Perth
Next to Tay Valley: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Tay Valley | $448K | $496K | 93% | |
| Perth | $400K | $433K | 56% | 10.2 |
| Drummond/North Elmsley | $460K | $531K | 93% | 16.7 |
Census 2021 values; km.
Questions about property prices in Tay Valley
How many households in Tay Valley are in core housing need?
Statistics Canada puts 3% of Tay Valley’s households in core housing need, a smaller share than the 9% of Ontario’s towns.
Is Tay Valley expensive for Ontario?
On census values, Tay Valley sits among the cheaper of Ontario’s towns (median $695,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).