Malvern West

Neighbourhood in Toronto · Ontario · Population 17,354

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Housing and jobs

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

Affordability

24 · Below average

Average monthly rent$1,409/month

Toronto: $1,562/month · Canada: $1,209/month · 2006: $1,164/month (estimated) · 2016: $1,053/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,491/month

City-wide figure for Toronto · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,761/month

City-wide figure for Toronto · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,045/month

City-wide figure for Toronto · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,294/month

City-wide figure for Toronto · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3%

City-wide figure for Toronto · CMHC, 2025

Median dwelling value (owner-estimated)$679,019

Toronto: $900,000 · Canada: $472,000 · Estimated · 2016: $442,536 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing29.4%

Toronto: 32.5% · Canada: 20.9% · 2006: 37.3% (estimated) · 2016: 36% (estimated) · Statistics Canada, 2021

Economy

11 · Poor

Median household income$88,881

Toronto: $84,000 · Canada: $84,000 · Estimated · 2006: $76,788 (estimated) · 2016: $71,725 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)2.3%

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

Unemployment rate17.6%

Toronto: 13.9% · Canada: 10.3% · 2006: 8% (estimated) · 2016: 11.2% (estimated) · Statistics Canada, 2021