Quick facts about the City, including population, land area, average household income and more.
|Indicators (2023)||City of Toronto||Toronto Region|
|Land Area (km2)||630||5,903|
|Population (July 2022)||3,025,647||6,471,850|
|Unemployment Rate (Population 15+, 2022)||6.8%||6.3%|
|Gross Domestic Product (in 2012 $ billion, 2021)||$171||$369|
|Average (Mean) Household Income (2020)||$84,000||$97,000|
For the most recent monthly indicators, see the Toronto Economic Bulletin.
|Indicators (2023)||City of Toronto||Toronto Region *|
|Labour Force (Pop 15+, 2022)||1,631,000||3,780,700|
|Average Income (Pop 15+, 2020)||$49,080||$47,600|
|Office Space Inventory (ft2) *||127,733,194||185,772,057|
|Industrial Space Inventory (ft2) *||225,754,528||813,055,010|
|Retail Space Inventory (ft2) *||48,972,434||138,007,518|
|Average Price All Home Types *||$1,140,595||$1,189,850|
|Housing Starts (units)||17,959||45,109|
|Total Annual Building Permits ($000s)||$12,021,189||$24,906,629|
|Residential Building Permits ($000s)||$6,462,632||$15,373,622|
|Commercial Building Permits ($000s)||$3,367,531||$5,331,909|
|Industrial Building Permits ($000s)||$899,284||$2,427,042|
|Institutional Building Permits ($000s)||$1,292,452||$1,774,054|
|Residential Tax Rate||0.506%||N/A|
|Multi Residential Tax Rate||0.968%||N/A|
|Commercial Tax Rate||1.281%||N/A|
|Industrial Tax Rate||1.273%||N/A|
|Retail Sales ($billion)||N/A||$117.3|
|Number of Businesses (active locations with employees)||96,351||230,582|
|Number of Visitors (million, 2017)||N/A||44.5|
Toronto region is defined as Toronto Census Metropolitan Area (CMA) unless denoted with an asterisk (*), which indicates Greater Toronto Area (GTA) or other regional geography. Number of businesses in the city of Toronto and Toronto CMA comprise of businesses with and without physical locations; see Statistics Canada’s Business Register for more information on the number of registered businesses.
Toronto – the name derived from the Huron word for “fishing weir” – is on the northwest shore of Lake Ontario at Latitude 43 39 N, Longitude 79 23 W.
Located on a broad sloping plateau cut by numerous river valleys, Toronto covers 641 sq.km. and stretches 43 km from east to west and 21 km from north to south at its longest points. The perimeter is approximately 180 km.
Statistics source: Geospatial Competency Centre, Parks, Forestry & Recreation, Natural Resources Canada.
$1,317: Average market rent for a studio apartment in Toronto (Fall 2022, excludes condominium rentals)
$1,811: Average market rent for a two-bedroom apartment in Toronto (Fall 2022, excludes condominium rentals)
1.7%: Overall vacancy rate for purpose-built rental homes in Toronto (Fall 2022)
7,729: Number of affordable rental homes in Toronto under the City’s administration and oversight
$733: Ontario Works maximum monthly allowance for a single adult (Fall 2022)
$1,839: Ontario Works maximum monthly allowance for a two-adult family with two children (Fall 2022)
40: Percentage of Toronto renter households paying more than 30 per cent of pre-tax income on rent. Almost half of Toronto households rent (Spring 2021)
85,536: Number of social housing units in Toronto under administration and oversight by the City of Toronto (Fall 2022)
84,583: Number of people on the Centralized Waiting List for social housing (Spring 2023)
13: Average number of years an applicant on the Centralized Waiting List waits to be housed in a two-bedroom apartment
City of Toronto Housing Secretariat, Toronto Employment and Social Services, Canada Mortgage and Housing Corporation
In April 2021 the City conducted its most recent Street Needs Assessment (SNA). The SNA is a City-wide point-in-time count and survey of people experiencing homelessness in Toronto led by the City’s Shelter, Support and Housing Administration (SSHA) in collaboration with community partners in the homelessness and allied sectors. Learn more about the SNA, including key findings.
The Toronto shelter system is the largest shelter system in Canada providing shelter and support to thousands of people each night. View information on daily shelter occupancy and historical information on the number of people entering and leaving the shelter system each month on Shelter System Flow.