Photo: Konstantin Papushin · CC BY-SA 2.0Owners in University value their homes at 2 times the median of Ontario’s towns
The census median was $1,400,000 in 2021, against $695,000 for Ontario’s towns. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since. No sales are published for towns in Ontario, University included, so owners’ values are the measure.
What University’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. 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
- $1.47M
- Owners
- 1,230
- 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 for the city of Toronto
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.
72% of University lives in apartments, where Ontario’s towns have 13%
People lived in 3,240 homes in University at the 2021 census. Over half went up before 1961. 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
| University | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 17% | 7% | 8% |
| Needing major repairs | 11% | 6% | 6% |
| Too small for the household | 6% | 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.
Toronto permitted 17.6 new homes a year per 1,000, close to the 15 of Ontario’s towns
Toronto issued permits for 124,736 new homes from 2018 to 2023, or 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
Measured across 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.
University is dearer than most of Ontario’s towns: 101% above their $695,000 median
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to University: Kensington-Chinatown, Bay-Cloverhill and Wellington Place
Next to University: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| University | $1.4M | $1.47M | 39% | |
| Palmerston-Little Italy | $1.5M | $1.67M | 42% | 1 |
| Annex | $1.5M | $1.94M | 41% | 1.1 |
| Kensington-Chinatown | $900K | $961K | 32% | 1.3 |
| Trinity-Bellwoods | $1.4M | $1.45M | 56% | 1.4 |
| Bay-Cloverhill | $700K | $994K | 30% | 1.6 |
| Wellington Place | $725K | $852K | 38% | 1.9 |
Census 2021 values; km.
Questions about property prices in University
Is University expensive for Ontario?
On census values, University ranks among the dearer of Ontario’s towns (median $695,000).
How many households in University are in core housing need?
More than most: 19% of households in University, 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).