Photo: Geo Swan from Toronto, Canada · CC0Expensive homes pull Bay-Cloverhill’s average 42% above the middle
Going by owners’ own estimates in 2021, the typical home is worth $700,000, the average one $993,706. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch. What homes sold for in Bay-Cloverhill isn’t public: no sale figures are released in Ontario.
What Bay-Cloverhill’s homes are worth, two ways
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. 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.
median, owners’ estimate
- Average
- $994K
- Owners
- 3,210
- 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 published for the city of Toronto, not by town
A detached house in Toronto is assessed at 3.1 times the middle of Ontario’s towns
Condos account for 42% of the 840,850 properties on Toronto’s 2024 roll.
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.
59% of Bay-Cloverhill’s homes are from 2001 or later, against 17% for Ontario’s towns
10,585 occupied homes stood in Bay-Cloverhill in 2021, and apartments in buildings of five storeys or more made up 98% of them. 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
| Bay-Cloverhill | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 77% | 7% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 10% | 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.
Permits in Toronto ran at 17.6 homes a year per 1,000, near the 15 of Ontario’s towns
Over 2018–2023, 124,736 homes were permitted in Toronto, close to 20,789 each year. Only 5% went into single-unit buildings, beside 66% for Ontario’s towns.
A peak in 2020: 27,295 new homes
New homes a year per 1,000 homes
Slowing: 35,927 new homes in the 12 months to August 2026, 13% fewer
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. · Monthly permits: the Toronto metro area
Bay-Cloverhill sits near the middle of Ontario’s towns ($695,000)
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.
Bay-Cloverhill’s neighbours by home value
Next to Bay-Cloverhill: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Bay-Cloverhill | $700K | $994K | 30% | |
| Church-Wellesley | $700K | $814K | 24% | 0.4 |
| Yonge-Bay Corridor | $850K | $931K | 32% | 1 |
| North St.James Town | $700K | $831K | 11% | 1.2 |
| Downtown Yonge East | $755K | $821K | 36% | 1.4 |
| Cabbagetown-South St.James Town | $870K | $1.15M | 45% | 1.4 |
| Annex | $1.5M | $1.94M | 41% | 1.4 |
Census 2021 values; km.
Questions about property prices in Bay-Cloverhill
How many households in Bay-Cloverhill are in core housing need?
In Bay-Cloverhill, 18% of households are in core housing need, against 9% for Ontario’s towns: their home costs too much, is too small or needs major repairs, and nothing suitable nearby costs under 30% of their income.
Is Bay-Cloverhill expensive for Ontario?
Bay-Cloverhill is close to the norm for Ontario’s towns, whose median home is worth $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).