Photo: EelamStyleZ · CC BY-SA 4.0An apartment town: 33% of Malvern East’s homes, against 13% across Ontario’s towns
In May 2021 the median owned home was worth $700,000 by its owner’s reckoning, the average one $658,307. Sale prices aren’t published in Ontario: what owners told the census is the figure to go on for Malvern East. For 2024, the median assessed value of a residential property is $557,000. MPAC hasn’t reassessed since its 1 January 2016 values, which is why the figure sits well under the census value; it compares only within Ontario. Behind assessed values, values by property type and building permits sits data gathered across the city of Toronto, with Malvern East one part of it.
What Malvern East’s homes are worth, two ways
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up.
median, owners’ estimate
- Average
- $658K
- Owners
- 5,990
- 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
Of Toronto’s 840,850 residential properties on the 2024 roll, 42% are condos.
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.
35% of Malvern East’s homes are condos, where Ontario’s towns have 7%
The 2021 census counted 8,540 occupied homes in Malvern East. At least half predate 2001. Summed from small census areas, a neighbourhood’s parts may add up to a little less than its total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Malvern East | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 35% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 16% | 5% | 3% |
| Households in core housing need | 19% | 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
From 2018 to 2023, permits in Toronto created 124,736 homes, about 20,789 a 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
Down 13%: 35,927 new homes in the year to August 2026
Shared with the rest of the Toronto metro area: monthly permits
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.
Malvern East 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.
Malvern East’s neighbours by home value
Next to Malvern East: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Malvern East | $700K | $658K | 70% | |
| Malvern West | $695K | $685K | 74% | 0.9 |
| Morningside Heights | $900K | $929K | 84% | 1.9 |
| Morningside | $800K | $783K | 59% | 2.7 |
| Highland Creek | $1M | $1.14M | 86% | 3.6 |
| Woburn North | $850K | $718K | 54% | 4.2 |
| Agincourt South-Malvern West | $800K | $800K | 70% | 4.5 |
Census 2021 values; km.
Questions about property prices in Malvern East
How many households in Malvern East are in core housing need?
In Malvern East, 19% 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 Malvern East expensive for Ontario?
Malvern East 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).