Photo: SimonP · CC BY-SA 3.0Homes in Alderwood are worth 44% more than the median of Ontario’s towns
That is a median of $1,000,000 at the 2021 census, set beside $695,000 for Ontario’s towns. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what Alderwood’s homes actually sold for. On the 2024 assessment, the middle residential property is valued at $557,000. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Alderwood shares its assessed values, values by property type and building permits numbers with the rest of the city of Toronto.
What Alderwood’s homes are worth, two ways
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $1.13M
- Owners
- 3,665
- 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).
Toronto’s detached houses are assessed at 3.1 times the median of Ontario’s towns
The 2024 assessment roll counts 840,850 homes in Toronto, condos 42% of them.
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.
An older stock than most: 55% of Alderwood’s homes go back before 1961 (Ontario’s towns: 22%)
At the 2021 census, 61% of Alderwood’s 4,785 occupied homes were single-detached houses. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Alderwood | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 4% | 7% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 9% | 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.
Building at the pace of Ontario’s towns: 17.6 new homes a year per 1,000 in Toronto, against 15
Building permits added 124,736 homes in Toronto between 2018 and 2023: some 20,789 a year. Very few were houses: 5% in single-unit buildings (Ontario’s towns: 66%). For monthly permits, the only official count covers all of the Toronto metro area, Alderwood included.
The busiest year: 2020, with 27,295 new homes
New homes a year per 1,000 homes
35,927 new homes in the 12 months to August 2026, down 13% on the year before
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.
Alderwood is 44% above the $695,000 median of Ontario’s towns
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Alderwood: Etobicoke City Centre
The places around Alderwood at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Alderwood | $1M | $1.13M | 77% | |
| Long Branch | $1M | $1.09M | 50% | 1.6 |
| New Toronto | $950K | $1.01M | 44% | 2.8 |
| Dixie | $1M | $807K | 37% | 2.9 |
| Lakeview | $1M | $1.09M | 72% | 3.1 |
| Etobicoke City Centre | $600K | $722K | 50% | 3.5 |
| Mimico-Queensway | $1M | $1.05M | 53% | 3.9 |
Census 2021 values; km.
Questions about property prices in Alderwood
Is Alderwood expensive for Ontario?
On census values, Alderwood ranks among the dearer of Ontario’s towns (median $695,000).
How many households in Alderwood are in core housing need?
About as many as elsewhere: 9% of households in Alderwood, where Ontario’s towns sit at 9%.
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).