Springwater

Town · Ontario · Population 21,701

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Housing and jobs

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

Affordability

12 · Poor

Average monthly rent$1,384/month

ON: $1,408/month · Canada: $1,209/month · 2006: $674/month (estimated) · 2016: $1,215/month (in 2021 dollars) · Statistics Canada, 2021

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$850,000

ON: $700,000 · Canada: $472,000 · 2016: $496,469 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing16.3%

ON: 24.2% · Canada: 20.9% · 2006: 17.6% (estimated) · 2016: 18.1% · Statistics Canada, 2021

Economy

62 · Good

Median household income$122,000

ON: $91,000 · Canada: $84,000 · 2006: $106,722 (estimated) · 2016: $107,731 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)13.9%

ON: 5.8% · Canada: 5.2% · 2016: 4.6% · Statistics Canada, 2021

Unemployment rate10%

ON: 12.2% · Canada: 10.3% · 2006: 5.5% (estimated) · 2016: 5.8% · Statistics Canada, 2021