Skip to content
AreaScore

Housing and jobs

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

Affordability

7 · Poor
Average monthly rent$1,765/month

Toronto: $1,562/month · Canada: $1,209/month · 2006: $1,465/month (estimated) · 2016: $1,596/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)$1,406,911

Toronto: $900,000 · Canada: $472,000 · Estimated · 2016: $997,546 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing36%

Toronto: 32.5% · Canada: 20.9% · 2006: 39.2% (estimated) · 2016: 47.8% (estimated) · Statistics Canada, 2021

Economy

13 · Poor
Median household income$82,455

Toronto: $84,000 · Canada: $84,000 · Estimated · 2006: $72,884 (estimated) · 2016: $64,798 (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 rate15.4%

Toronto: 13.9% · Canada: 10.3% · 2006: 4.6% (estimated) · 2016: 8.5% (estimated) · Statistics Canada, 2021

Sources

Adapted from Statistics Canada, Census of Population 2021 (Census Profile). This does not constitute an endorsement by Statistics Canada.

Adapted from CMHC, Rental Market Survey / Housing Market Information Portal. This does not constitute an endorsement by CMHC.