Toronto

Toronto has seen population growth performance typically on par with national averages when looking at short and medium term trends

The estimated population of the suburb of Toronto is around 6,155 as of Feb 2026. This figure reflects an increase of 182 people since the 2021 Census, which reported a population of 5,973. The change is inferred from the resident population of 5,949 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 33 validated new addresses since the Census date. This level of population equates to a density ratio of 659 persons per square kilometer. Toronto's 3.0% growth since census positions it within 2.9 percentage points of the Rest of NSW (5.9%). Population growth for the area was primarily driven by interstate migration, contributing approximately 60.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Future population trends indicate a population increase just below the median of locations outside of capital cities, with the area expected to grow by 808 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 9.8% in total over the 17 years.

AreaSearch assessment of residential development drivers sees a low level of activity in Toronto, placing the area among the bottom 25% of areas assessed nationally

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Toronto has experienced around 22 dwellings receiving development approval each year. Approximately 113 homes were approved over the past five financial years, between FY-21 and FY-25, with a further five approved so far in FY-26. On average, only 0.9 people have moved to the area for each dwelling built over these five financial years.

This suggests that new construction is matching or outpacing demand, offering buyers more options while enabling population growth that could exceed current expectations. The average expected construction cost value of new dwellings is $706,000, indicating a focus on the premium market with high-end developments. There have also been $1.6 million in commercial approvals this financial year, demonstrating the area's residential nature. Comparatively, Toronto shows substantially reduced construction activity relative to the rest of NSW, with 57.0% fewer approvals per person than the regional average.

This limited new supply generally supports stronger demand and values for established dwellings. New development consists of 64.0% standalone homes and 36.0% townhouses or apartments, with a growing mix providing options across different price points. The estimated count of 751 people in the area per dwelling approval reflects Toronto's quiet, low activity development environment. Population forecasts indicate that Toronto will gain approximately 602 residents through to 2041, based on the latest AreaSearch quarterly estimate. Current development appears well-matched to future needs, supporting steady market conditions without extreme price pressure.

Toronto has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Four projects identified by AreaSearch are expected to impact the area: Toronto Foreshore Revitalisation, 114-120 Cary Street Mixed Use Development, 136-138 Brighton Avenue Apartment Development, and Rathmines Park Transformation.

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Employment conditions in Toronto face significant challenges, ranking among the bottom 10% of areas assessed nationally

Toronto has a skilled workforce with well-represented essential services sectors. As of December 2025, the unemployment rate was 9.6%. In comparison to Regional NSW's rate of 3.9%, this shows room for improvement.

Workforce participation in Toronto is significantly lower at 49.9% compared to Regional NSW's 61.3%. According to Census responses, 20.5% of residents work from home, which may have been influenced by Covid-19 lockdowns. Key industries of employment among residents are health care & social assistance, retail trade, and construction.

Agriculture, forestry & fishing has limited presence with only 0.7% employment compared to Regional NSW's 5.3%. The area appears to offer limited local employment opportunities as indicated by the count of Census working population versus resident population. Between December 2024 and December 2025, labour force increased by 1.0%, while employment declined by 2.5%, causing the unemployment rate to rise by 3.3 percentage points. In contrast, Regional NSW recorded an employment decline of 1.2% and a labour force decline of 0.8%, with unemployment rising by only 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 provide further insight into potential future demand within Toronto. These projections suggest that national employment should expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. Applying these industry-specific projections to Toronto's employment mix suggests local employment should increase by 6.7% over five years and 14.0% over ten years. However, it is important to note that this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

The suburb of Toronto has a median taxpayer income of $41,640 and an average income of $59,187 according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is lower than the national average, with Regional NSW having a median income of $52,390 and an average income of $65,215. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated incomes for September 2025 would be approximately $45,329 (median) and $64,431 (average). According to the 2021 Census, household, family, and personal incomes in Toronto fall between the 9th and 11th percentiles nationally. Income distribution shows that 27.4% of residents earn $400 - $799 weekly, with 1,686 residents in this bracket. This contrasts with the broader area where the $1,500 - $2,999 bracket leads at 29.9%. Housing affordability pressures are severe in Toronto, with only 82.1% of income remaining after housing costs, ranking at the 11th percentile nationally.

Toronto is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

The latest Census evaluation revealed that dwelling structures in Toronto consisted of 77.8% houses and 22.2% other dwellings (semi-detached, apartments, 'other' dwellings). This is compared to Regional NSW's structure of 82.6% houses and 17.4% other dwellings. Home ownership levels in Toronto were aligned with those in Regional NSW at 38.6%. The remaining dwellings were either mortgaged (25.1%) or rented (36.3%). The median monthly mortgage repayment in the area was $1,616, below the Regional NSW average of $1,733. The median weekly rent figure stood at $320, compared to Regional NSW's $330. Nationally, Toronto's mortgage repayments were significantly lower than the Australian average of $1,863, while rents were substantially below the national figure of $375.

Toronto features high concentrations of lone person households, with a lower-than-average median household size

Family households account for 65.6% of all households, including 18.8% that are couples with children, 29.1% that are couples without children, and 16.5% that are single parent families. Non-family households make up the remaining 34.4%, with lone person households at 32.1% and group households comprising 2.1% of the total. The median household size is 2.2 people, which is smaller than the Regional NSW average of 2.4.

Educational outcomes in Toronto fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 17.5%, significantly lower than the NSW average of 32.2%. Bachelor degrees are the most common at 12.3%, followed by postgraduate qualifications (3.5%) and graduate diplomas (1.7%). Vocational credentials are prevalent, with 39.4% of residents aged 15+ holding them, including advanced diplomas (10.0%) and certificates (29.4%). A total of 24.6% of the population is actively engaged in formal education, comprising 8.4% in primary, 7.0% in secondary, and 3.0% in tertiary education.

A substantial 24.6% of the population actively pursues formal education. This includes 8.4% in primary education, 7.0% in secondary education, and 3.0% pursuing tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis shows 41 active public transit stops in Toronto. These are served by 80 routes offering 1,889 weekly passenger trips. Residents have good access to these stops, with an average distance of 217 meters to the nearest one. In this residential area, most commuting is outward-bound. Cars remain the primary mode at 91%, while walking accounts for 5%. On average, there are 1.1 vehicles per dwelling, below the regional norm.

According to the 2021 Census, 20.5% of residents work from home, possibly due to COVID-19 conditions. Across all routes, service frequency averages 269 trips daily, equating to about 46 weekly trips per individual stop.

Health performance in Toronto is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Toronto faces significant health challenges, according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are high across various health conditions that affect both younger and older age groups.

Private health cover is relatively low, at approximately 50% of the total population (~3,100 people), compared to the national average of 55.7%. The most common medical conditions in the area are mental health issues (12.1%) and arthritis (12.0%), while 53.2% of residents report having no medical ailments, compared to 63.3% across Regional NSW. The working-age population faces notable health challenges due to elevated chronic condition rates. As of 2021, the area has 29.8% of residents aged 65 and over (1,834 people), higher than the 23.4% in Regional NSW. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

Toronto is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Toronto's cultural diversity was below average, with 87.4% born in Australia, 91.0% citizens, and 94.8% speaking English only at home. Christianity was the main religion, comprising 52.7%. This compares to 55.9% across Regional NSW.

The top three ancestry groups were English (32.5%), Australian (30.6%), and Scottish (8.1%). Notably, Australian Aboriginal representation was higher at 5.8% compared to the regional average of 4.6%, Welsh was 0.7% vs 0.5%, and Samoan was 0.3% vs 0.1%.

Toronto ranks among the oldest 10% of areas nationwide

Toronto's median age of 49 exceeds Regional NSW's figure of 43 and is higher than Australia's 38 years. Locally, those aged 75-84 make up 11.2%, which is notably over-represented compared to the Regional NSW average, while those aged 5-14 are under-represented at 10.1%. This concentration of the 75-84 cohort is well above the national figure of 6.1%. Between 2021 and present, the population aged 35-44 has grown from 8.6% to 11.1%, while those aged 45-54 have declined from 11.4% to 10.1% and those aged 55-64 have dropped from 13.1% to 11.9%. By 2041, demographic projections indicate significant shifts in Toronto's age structure. The population aged 25-34 is projected to grow by 160 people (22%), increasing from 738 to 899. Conversely, population declines are projected for those aged 55-64 and 65-74.