Photo: Danielle Scott · CC BY-SA 2.058% of New Toronto’s homes are apartments, against 13% for Ontario’s towns
The 2021 census put the median home at $950,000, with an average of $1,008,192. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. Sale prices aren’t published in Ontario: what owners told the census is the figure to go on for New Toronto.
New Toronto’s homes, by two sources
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. Figures for assessed values, values by property type and building permits are published for the city of Toronto as a whole, not for New Toronto alone.
median, owners’ estimate
- Average
- $1.01M
- Owners
- 2,295
- 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).
On the assessment roll, Toronto’s houses sit at 3.1 times 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.
24% of New Toronto’s households are in core housing need, against 9% for Ontario’s towns
New Toronto had 5,280 occupied homes at the 2021 census. Half went up before 1981. 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
| New Toronto | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 11% | 7% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | 9% | 5% | 3% |
| Households in core housing need | 24% | 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
Toronto issued permits for 124,736 new homes from 2018 to 2023, or about 20,789 a year. Apartments and other multi-unit buildings dominate: only 5% were single-unit, against 66% for Ontario’s towns. New Toronto doesn’t get its own monthly permits figures; the ones here come from the Toronto metro area.
A peak 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
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.
New Toronto against Ontario’s towns: 37% 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 New Toronto: Humber Bay Shores and Etobicoke City Centre
Next to New Toronto: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| New Toronto | $950K | $1.01M | 44% | |
| Long Branch | $1M | $1.09M | 50% | 1.8 |
| Mimico-Queensway | $1M | $1.05M | 53% | 2.2 |
| Alderwood | $1M | $1.13M | 77% | 2.8 |
| Humber Bay Shores | $675K | $749K | 54% | 3.4 |
| Stonegate-Queensway | $1.35M | $1.44M | 63% | 4.1 |
| Etobicoke City Centre | $600K | $722K | 50% | 4.7 |
Census 2021 values; km.
Questions about property prices in New Toronto
Is New Toronto expensive for Ontario?
Dearer than the middle: Ontario’s towns come to $695,000, New 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).