Elmvale

Neighbourhood in Springwater · Ontario · Population 2,653

Compare with another place Save this place

Approximate boundaries

Springwater doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Springwater.

Housing and jobs

Housing costs, rents, incomes and jobs in Elmvale, with comparisons and sources.

Affordability

41 · Average

Average monthly rent$1,145/month

Springwater: $1,384/month · Canada: $1,209/month · 2006: $950/month (estimated) · 2016: $1,139/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,111/month

City-wide figure for Springwater · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,583/month

City-wide figure for Springwater · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,749/month

City-wide figure for Springwater · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,953/month

City-wide figure for Springwater · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.4.2%

City-wide figure for Springwater · CMHC, 2025

Median dwelling value (owner-estimated)$610,060

Springwater: $850,000 · Canada: $472,000 · Estimated · 2016: $342,807 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing22.9%

Springwater: 16.3% · Canada: 20.9% · 2006: 29.9% (estimated) · 2016: 27.8% (estimated) · Statistics Canada, 2021

Economy

73 · Good

Median household income$86,819

Springwater: $122,000 · Canada: $84,000 · Estimated · 2006: $64,428 (estimated) · 2016: $72,936 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)13.9%

Canada: 5.2% · City-wide figure for Springwater · Statistics Canada, 2021

Unemployment rate9.8%

Springwater: 10% · Canada: 10.3% · 2006: 7.6% (estimated) · 2016: 9% (estimated) · Statistics Canada, 2021