Toronto

Major city · Ontario · Population 2,794,356

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Housing and jobs

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

Affordability

2 · Poor

Average monthly rent$1,562/month

ON: $1,408/month · Canada: $1,209/month · 2006: $1,208/month · 2016: $1,370/month (in 2021 dollars) · Statistics Canada, 2021

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

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

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$900,000

ON: $700,000 · Canada: $472,000 · 2016: $663,802 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing32.5%

ON: 24.2% · Canada: 20.9% · 2006: 36.3% · 2016: 36.6% · Statistics Canada, 2021

Economy

29 · Below average

Median household income$84,000

ON: $91,000 · Canada: $84,000 · 2006: $67,646 · 2016: $71,237 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)2.3%

ON: 5.8% · Canada: 5.2% · 2016: 4.5% · Statistics Canada, 2021

Unemployment rate13.9%

ON: 12.2% · Canada: 10.3% · 2006: 7.6% · 2016: 8.2% · Statistics Canada, 2021