Photo: OldYorkGuy · CC BY-SA 3.061% of Toronto’s homes are apartments, against 13% for Ontario’s towns
Asked in 2021, owners gave a median value of $900,000; averaged, their homes came to $1,131,000. Self-assessed in May 2021, these values predate the rate rises that followed. No sales are published for towns in Ontario, Toronto included, so owners’ values are the measure.
Toronto’s homes, by two sources
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. 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
- $1.13M
- Owners
- 602,915
- 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).
A detached house in Toronto is assessed at 3.1 times the middle 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.
30% of Toronto’s homes are condos, where Ontario’s towns have 7%
At the 2021 census, Toronto had 1,160,890 homes with someone living in them. At least half predate 1981.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Toronto | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 30% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 13% | 5% | 3% |
| Households in core housing need | 20% | 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)
Some 20,789 homes a year: 124,736 in all were permitted in Toronto from 2018 to 2023. Only 5% went into single-unit buildings, beside 66% for Ontario’s towns. Toronto shares its monthly permits numbers with the rest of the Toronto metro area.
A peak in 2020: 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.
Toronto against Ontario’s towns: 29% over the $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 Toronto: North Toronto and South Eglinton-Davisville
Next to Toronto: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Toronto | $900K | $1.13M | 52% | |
| North Toronto | $750K | $791K | 19% | 0.6 |
| Mount Pleasant East | $1.51M | $1.63M | 55% | 1 |
| Bridle Path-Sunnybrook-York Mills | $4M | $3.83M | 88% | 1.2 |
| Lawrence Park South | $2.2M | $2.49M | 68% | 1.4 |
| South Eglinton-Davisville | $750K | $979K | 31% | 1.5 |
| Yonge-Eglinton | $1.8M | $1.88M | 37% | 1.5 |
Census 2021 values; km.
Questions about property prices in Toronto
How many households in Toronto are in core housing need?
Above the norm for Ontario’s towns (9%): 20% in Toronto, counting the households whose home falls short on cost, size or repair.
Is Toronto expensive for Ontario?
Dearer than the middle: Ontario’s towns come to $695,000, Toronto to more.
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).