Bay-Cloverhill

At a glance

A very dense downtown neighbourhood of condo towers and rental buildings, with a high share of renters in their twenties.

Median home value (est.)

$678K^*

* est.: 2021 census, indexed to September 2026 · city $803K

Residents

24,089

Toronto Police estimate for 2025, up from 16,670 at the 2021 census

Households renting

70%

city 48%

Homes that are apartments

100%

city 61%

What the numbers mean

• Owners valued the median home at $760K in the 2021 census. Indexed to September 2026 prices with the Greater Toronto MLS® Home Price Index (-11% since then), that is about $678K, 16% below the Toronto median of $803K. It is an estimate: the index tracks the whole region, not this neighbourhood.
• 70% of households rent, well above the 48% city-wide, so expect a younger, more mobile mix of neighbours.
• Only 4% of residents are under 15, versus 14% city-wide.
• 55% of residents are 20 to 34, versus 24% city-wide. It skews young-professional.
• 100% of homes are apartments (61% city-wide), so a condo is the usual way in.
• Tenants here paid a median of $2,000 a month in shelter costs (rent plus utilities and fees) in the 2021 census, 38% above the $1,450 median across Toronto's 158 neighbourhoods. That figure covers all tenants, including long-term ones, so a new lease will cost more.

Who lives here

Share of residents by age, Toronto Police estimate for 2025, up from 16,670 at the 2021 census.

Homes

Share of homes by type, Toronto Police estimate for 2025, up from 16,670 at the 2021 census.

Upfront closing costs¹

Toronto buyers pay land transfer tax twice, once to Ontario and once to the City, so the bill is about double Ontario's alone. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.

Ontario land transfer tax

$10,040

on $678K

Toronto municipal land transfer tax

$10,040

on $678K

Total

$20,070

3.0% of the price

Household income and housing costs²

What households here earn and how much of it housing takes, 2021 Census.

Median household income

$58,400

2020, before tax

Spend 30%+ on housing

58%

of owner and tenant households

Owners' monthly cost

$1,960

median shelter cost

Tenants' monthly cost

$2,000

median shelter cost

Typical apartment rent nearby³

Bay-Cloverhill sits in CMHC's Toronto (Central) survey zone. October 2025 average rent of purpose-built rental apartments in that zone:

Studio

$1,606

+$115 vs metro average

1 bedroom

$2,042

+$281 vs metro average

2 bedroom

$2,776

+$731 vs metro average

3 bedroom or more

$3,580

+$1,286 vs metro average

How it's changing

Toronto doesn't publish building permits by neighbourhood, so we can't chart construction here yet.

Safety⁴

Reported incidents in 2025 (the latest full year Toronto Police publish by neighbourhood), per 1,000 residents, compared with the median of 158 Toronto neighbourhoods.

Reported crime

11.2

per 1,000 · a little below the 12.5 median

Violent crime

6.8

per 1,000 · median 7.1

Property crime

4.5

per 1,000 · median 5.5

• Reported crime runs about 10% below the median Toronto neighbourhood: 11.2 incidents per 1,000 residents a year, versus 12.5.
• The most common reported crime is assault, 54% of the total. 40% of incidents are property crime.
• Crime has been roughly flat since 2020, at about 260 reported incidents a year.

Reported crime by year