Photo: OldYorkGuy · CC BY-SA 3.0Homes in Annex are worth 2.2 times the median of Ontario’s towns
That is a median of $1,500,000 at the 2021 census, set beside $695,000 for Ontario’s towns. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what Annex’s homes actually sold for.
Two ways to price a home in Annex
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
median, owners’ estimate
- Average
- $1.94M
- Owners
- 6,650
- 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). · Assessed values, values by property type and building permits: one figure for all of the city of Toronto
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.
82% of Annex lives in apartments, where Ontario’s towns have 13%
At the 2021 census, Annex had 16,320 homes with someone living in them. The older half dates from before 1981. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Annex | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 34% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 5% | 5% | 3% |
| Households in core housing need | 18% | 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.
17.6 new homes a year per 1,000 in Toronto: in step with Ontario’s towns (15)
Toronto issued permits for 124,736 new homes from 2018 to 2023, or about 20,789 a year. Multi-unit buildings took most: single-unit ones were just 5%, where Ontario’s towns built 66%.
Most in 2020: 27,295 new homes
New homes a year per 1,000 homes
Down 13%: 35,927 new homes in the year to August 2026
Monthly permits for the Toronto metro area
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.
Annex is dearer than most of Ontario’s towns: 116% above their $695,000 median
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 Annex: University, Bay-Cloverhill and Church-Wellesley
Next to Annex: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Annex | $1.5M | $1.94M | 41% | |
| University | $1.4M | $1.47M | 39% | 1.1 |
| Casa Loma | $2M | $2.44M | 44% | 1.4 |
| Bay-Cloverhill | $700K | $994K | 30% | 1.4 |
| Church-Wellesley | $700K | $814K | 24% | 1.6 |
| Palmerston-Little Italy | $1.5M | $1.67M | 42% | 1.9 |
| Yonge-St.Clair | $1.74M | $1.93M | 40% | 2.1 |
Census 2021 values; km.
Questions about property prices in Annex
Is Annex expensive for Ontario?
On census values, Annex ranks among the dearer of Ontario’s towns (median $695,000).
How many households in Annex are in core housing need?
18% of Annex’s households, above the 9% of Ontario’s towns, live in a home that is unaffordable, crowded or in poor repair, with no acceptable one nearby they could afford.
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).