Photo: Joli Rumi · CC BY-SA 4.065% of Yonge-Bay Corridor’s homes have been built since 2001, against 17% for Ontario’s towns
The middle home was worth $850,000 at the 2021 census, the average $931,384. Statistics Canada’s housing statistics carry no sale prices in Ontario; the census value stands in for Yonge-Bay Corridor. Assessors valued the median residential property at $557,000 for 2024. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices. Yonge-Bay Corridor doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Toronto.
Yonge-Bay Corridor’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. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $931K
- Owners
- 2,410
- 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.
Apartments are 100% of Yonge-Bay Corridor’s homes, against 13% for Ontario’s towns
Yonge-Bay Corridor had 7,455 occupied homes at the 2021 census. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Yonge-Bay Corridor | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 85% | 7% | 8% |
| Needing major repairs | 2% | 6% | 6% |
| Too small for the household | 13% | 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.
Permits in Toronto ran at 17.6 homes a year per 1,000, near the 15 of Ontario’s towns
Building permits added 124,736 homes in Toronto between 2018 and 2023: some 20,789 a year. Multi-unit buildings took most: single-unit ones were just 5%, where Ontario’s towns built 66%. Nobody publishes monthly permits for Yonge-Bay Corridor alone, so this card uses the figure for the Toronto metro area.
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
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.
Yonge-Bay Corridor against Ontario’s towns: 22% over the $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 Yonge-Bay Corridor: Downtown Yonge East, Bay-Cloverhill and Church-Wellesley
The places around Yonge-Bay Corridor at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Yonge-Bay Corridor | $850K | $931K | 32% | |
| Downtown Yonge East | $755K | $821K | 36% | 0.6 |
| Bay-Cloverhill | $700K | $994K | 30% | 1 |
| Kensington-Chinatown | $900K | $961K | 32% | 1.1 |
| Church-Wellesley | $700K | $814K | 24% | 1.1 |
| Moss Park | $700K | $864K | 35% | 1.3 |
| Cabbagetown-South St.James Town | $870K | $1.15M | 45% | 1.4 |
Census 2021 values; km.
Questions about property prices in Yonge-Bay Corridor
How many households in Yonge-Bay Corridor are in core housing need?
Statistics Canada puts 19% of Yonge-Bay Corridor’s households in core housing need, a higher share than the 9% of Ontario’s towns.
Is Yonge-Bay Corridor expensive for Ontario?
More than most: Ontario’s towns have a median of $695,000, and Yonge-Bay Corridor sits above it.
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).