Real Estate Market Report for
Toronto, ON

Updated : May 2016
House
  • Median price $769,000
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.35%
Apartment
  • Median price $399,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.55%
Toronto Home Price

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Toronto was Canada’s 133th most expensive suburb by listed median house price this month.

When our research team crunched the numbers we calculated that Toronto has a median home price of $769,000.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.

According to our stats, Toronto is the neighbourhood that has the 2nd most properties available to real estate investors in Ontario.

As one of Ontario’s many potential real estate investment neighbourhoods, Toronto needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Toronto, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.

Last month, Toronto was Canada’s 46th priciest – this month at number 46 it’s dropped -10 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.

While the median for Ontario is $339,900 , which means that Toronto’s median price is $399,900 considerably better than the rest of the province.

How big are the houses being sold in Toronto? This month there are 1441 one bedroom 1766 two bedroom 271 three bedroom 12 four bedroom 3 five bedroom homes on the market.

From our data, it appears that neighbourhood is number 1st when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

Is Toronto a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

Beds Median price (House) Median price (Apartment)
1 bedroom $363,500 $347,900
2 bedrooms $579,000 $459,900
3 bedrooms $718,000 $418,000
4 bedrooms $933,500 $389,900
5 bedrooms $1,289,400 $1,299,990
6 bedrooms $1,199,000 $1,099,000
Demographics
  • Population in 20112615060
  • Population in 20062503281
  • 2006 to 2011 population change (%)4.5
  • Total private dwellings1107851
  • Private dwellings occupied by usual residents1047877
  • Population density per square kilometre4149.5
  • Land area (square km)630.21
  • Age Characteristics
    Total population by age groups 2615060
    0 to 4 years 140510
    5 to 9 years 128060
    10 to 14 years 132290
    15 to 19 years 150045
    15 years 28850
    16 years 29730
    17 years 29330
    18 years 30610
    19 years 31525
    20 to 24 years 183470
    25 to 29 years 211850
    30 to 34 years 201165
    35 to 39 years 190405
    40 to 44 years 197400
    45 to 49 years 207625
    50 to 54 years 191290
    55 to 59 years 162535
    60 to 64 years 140960
    65 to 69 years 102445
    70 to 74 years 86185
    75 to 79 years 74215
    80 to 84 years 59630
    85 years and over 54965
    Median age of the population 39.2
    % of the population aged 15 and over 84.7
  • Marital Status
    Total population 15 years and over by marital status 2214195
    Married or living with a common-law partner 1131780
    Married (and not separated) 991700
    Living common-law 140080
    Not married and not living with a common-law partner 1082410
    Single (never legally married) 746190
    Separated 69600
    Divorced 140240
    Widowed 126385
    Family Characteristics
    Total number of census families in private households 690340
    Size of census family: 2 persons 321190
    Size of census family: 3 persons 170165
    Size of census family: 4 persons 141650
    Size of census family: 5 or more persons 57340
    Total number of census families in private households 690335
    Total couple families by family structure and number of children 543350
    Married couples 473440
    Without children at home 182360
    With children at home 291085
    1 child 118975
    2 children 122440
    3 or more children 49670
    Common-law couples 69910
    Without children at home 49235
    With children at home 20675
    1 child 10875
    2 children 7005
    3 or more children 2795
    Total lone-parent families by sex of parent and number of children 146990
    Female parent 123530
    1 child 73630
    2 children 34580
    3 or more children 15320
    Male parent 23455
    1 child 15970
    2 children 5730
    3 or more children 1755
    Total children in census families in private households 792755
    Under six years of age 165825
    6 to 14 years 231955
    15 to 17 years 84815
    18 to 24 years 168280
    25 years and over 141885
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 2576025
    Number of persons not in census families 549575
    Living with relatives 81565
    Living with non-relatives only 136830
    Living alone 331180
    Number of census family persons 2026450
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 354625
    Number of persons not in census families aged 65 years and over 128935
    Living with relatives 25450
    Living with non-relatives only 8280
    Living alone 95205
    Number of census family persons aged 65 years and over 225685
    Total number of private households by household type 1047875
    Census-family households 656955
    One-family-only households 565935
    Couple-family households 455485
    Without children 194975
    With children 260510
    Lone-parent-family households 110450
    Other family households 91025
    One-family households with persons not in a census family 59885
    Couple-family households 40945
    Without children 12835
    With children 28110
    Lone-parent-family households 18940
    Two-or-more-family households 31140
    Non-census-family households 390920
    One-person households 331180
    Two-or-more-person households 59740
    Total number of occupied private dwellings by structural type of dwelling 1047880
    Single-detached house 275015
    Apartment, building that has five or more storeys 429225
    Movable dwelling 110
    Other dwelling 343530
    Semi-detached house 72400
    Row house 60295
    Apartment, duplex 44740
    Apartment, building that has fewer than five storeys 163895
    Other single-attached house 2195
    Total number of private households by household size 1047875
    1 person 331180
    2 persons 307845
    3 persons 168750
    4 persons 142760
    5 persons 59005
    6 or more persons 38340
    Number of persons in private households 2576030
    Average number of persons in private households 2.5
Census 2011

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