Southwold

Small town · Ontario · Population 4,851

Compare with another place Save this place

Housing and jobs

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

Affordability

51 · Average

Average monthly rent$820/month

ON: $1,408/month · Canada: $1,209/month · 2006: $933/month · 2016: $1,116/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,066/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,371/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,645/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,872/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.9%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$600,000

ON: $700,000 · Canada: $472,000 · 2016: $305,762 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing6.4%

ON: 24.2% · Canada: 20.9% · 2006: 18.8% · 2016: 15.1% · Statistics Canada, 2021

Economy

52 · Average

Median household income$105,000

ON: $91,000 · Canada: $84,000 · 2006: $91,149 · 2016: $90,838 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)9.7%

ON: 5.8% · Canada: 5.2% · 2016: -1.6% · Statistics Canada, 2021

Unemployment rate11.8%

ON: 12.2% · Canada: 10.3% · 2006: 2.6% · 2016: 4.2% · Statistics Canada, 2021