New Toronto

Neighbourhood in Toronto · Ontario · Population 10,871

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Housing and jobs

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

Affordability

27 · Below average

Average monthly rent$1,160/month

Toronto: $1,562/month · Canada: $1,209/month · 2006: $972/month (estimated) · 2016: $1,038/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)$930,510

Toronto: $900,000 · Canada: $472,000 · Estimated · 2016: $641,048 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing30.8%

Toronto: 32.5% · Canada: 20.9% · 2006: 38.1% (estimated) · 2016: 38.9% (estimated) · Statistics Canada, 2021

Economy

19 · Poor

Median household income$73,023

Toronto: $84,000 · Canada: $84,000 · Estimated · 2006: $54,667 (estimated) · 2016: $59,253 (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 rate13.3%

Toronto: 13.9% · Canada: 10.3% · 2006: 6.8% (estimated) · 2016: 9% (estimated) · Statistics Canada, 2021