Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainIn Hope, the average home is worth 38% more than the median one
Going by owners’ own estimates in 2021, the typical home is worth $1,110,000, the average one $1,534,989. Statistics Canada’s housing statistics carry no sale prices in Ontario; the census value stands in for Hope. On the 2024 assessment, the middle residential property is valued at $770,000. 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 Vaughan, with Hope one part of it.
Two ways to price a home in Hope
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $1.53M
- Owners
- 1,800
- 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).
Vaughan’s detached houses are assessed at 3.5 times the median of Ontario’s towns
The 2024 assessment roll counts 108,165 homes in Vaughan: detached houses make 62% of them, condos 18%.
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.
75% of Hope’s homes are from 2001 or later, against 17% for Ontario’s towns
2,135 occupied homes stood in Hope in 2021, and single-detached houses made up 66% of 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
| Hope | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 13% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 8% | 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.
Vaughan permitted 31 new homes a year per 1,000, above the 15 of Ontario’s towns
Over 2018–2023, 18,055 homes were permitted in Vaughan, close to 3,009 each year. Apartments and other multi-unit buildings dominate: only 13% were single-unit, against 66% for Ontario’s towns. Hope shares its monthly permits numbers with the rest of the Toronto metro area.
Most in 2023: 6,623 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.
Hope is dearer than most of Ontario’s towns: 60% above their $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 Hope: Teston and Peace Village
Next to Hope: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Hope | $1.11M | $1.53M | 85% | |
| Teston | $1M | $1.14M | 92% | 2.1 |
| Upper Thornhill Estates | $1.8M | $1.89M | 93% | 2.9 |
| Carrville Corners | $1.3M | $1.3M | 89% | 3.7 |
| Peace Village | $1M | $1.12M | 84% | 3.8 |
| Maple | $1.1M | $1.16M | 88% | 3.8 |
| The Valleys of Thornhill | $1.5M | $1.57M | 84% | 4.4 |
Census 2021 values; km.
Questions about property prices in Hope
Is Hope expensive for Ontario?
More than most: Ontario’s towns have a median of $695,000, and Hope sits above it.
How many households in Hope are in core housing need?
In line with Ontario’s towns (9%): 8% in Hope, counting the households whose home falls short on cost, size or repair.
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).