Photo: Michael Gil from Calgary, AB, Canada · CC BY 2.0In Junction Area, 53% of households live in an apartment (Ontario’s towns: 13%)
Going by owners’ own estimates in 2021, the typical home is worth $1,000,000, the average one $1,128,952. Self-assessed in May 2021, these values predate the rate rises that followed. Sale prices aren’t published in Ontario: what owners told the census is the figure to go on for Junction Area.
What Junction Area’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. 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
- $1.13M
- Owners
- 3,520
- 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). · Area-wide: assessed values, values by property type and building permits, counted over the city of Toronto
On the assessment roll, Toronto’s houses sit at 3.1 times 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.
55% of Junction Area’s homes predate 1961, against 22% for Ontario’s towns
At the 2021 census, Junction Area had 6,030 homes with someone living in them. 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
| Junction Area | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 17% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 15% | 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)
Over 2018–2023, 124,736 homes were permitted in Toronto, close to 20,789 each year. Very few were houses: 5% in single-unit buildings (Ontario’s towns: 66%).
The busiest year: 2020, with 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
The monthly permits numbers here cover 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.
Junction Area against Ontario’s towns: 44% 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 Junction Area: Weston-Pelham Park and Rockcliffe-Smythe
Next to Junction Area: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Junction Area | $1M | $1.13M | 58% | |
| High Park North | $1.5M | $1.35M | 34% | 1.2 |
| Weston-Pelham Park | $900K | $907K | 59% | 1.2 |
| Runnymede-Bloor West Village | $1.3M | $1.39M | 78% | 1.5 |
| Junction-Wallace Emerson | $1M | $1M | 50% | 2.1 |
| Rockcliffe-Smythe | $850K | $825K | 56% | 2.1 |
| Lambton Baby Point | $1.5M | $1.57M | 59% | 2.1 |
Census 2021 values; km.
Questions about property prices in Junction Area
Is Junction Area expensive for Ontario?
Dearer than the middle: Ontario’s towns come to $695,000, Junction Area to more.
How many households in Junction Area are in core housing need?
More than most: 15% of households in Junction Area, 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).