The Ravines of Rainbow Creek

Neighbourhood in Vaughan · Ontario · Population 5,318

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Approximate boundaries

Vaughan 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 Vaughan.

Housing and jobs

Housing costs, rents, incomes and jobs in The Ravines of Rainbow Creek, with comparisons and sources.

Affordability

47 · Average

Average monthly rent$1,066/month

Vaughan: $2,048/month · Canada: $1,209/month · 2006: $779/month (estimated) · 2016: $1,225/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

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

City-wide figure for Vaughan · CMHC, 2025

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

City-wide figure for Vaughan · CMHC, 2025

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

City-wide figure for Vaughan · CMHC, 2025

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

City-wide figure for Vaughan · CMHC, 2025

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

City-wide figure for Vaughan · CMHC, 2025

Median dwelling value (owner-estimated)$1,297,214

Vaughan: $1,200,000 · Canada: $472,000 · Estimated · 2016: $937,972 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing15%

Vaughan: 27.9% · Canada: 20.9% · 2006: 20.8% (estimated) · 2016: 17.7% (estimated) · Statistics Canada, 2021

Economy

47 · Average

Median household income$135,755

Vaughan: $124,000 · Canada: $84,000 · Estimated · 2006: $123,848 (estimated) · 2016: $118,241 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)5.5%

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

Unemployment rate9.9%

Vaughan: 12.5% · Canada: 10.3% · 2006: 4.8% (estimated) · 2016: 4.1% (estimated) · Statistics Canada, 2021