Toronto

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

As of November 2025, Toronto's population is estimated at approximately 5,865 people. This reflects a decrease of 108 individuals since the 2021 Census, which reported a population of 5,973. The current estimate is inferred from AreaSearch's validation of new addresses and examination of ABS ERP data released in June 2024, showing a resident population of 5,813 with an additional 32 validated new addresses since the Census date. This results in a density ratio of 628 persons per square kilometer, indicating significant space per person and potential room for further development. Interstate migration contributed approximately 60% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for covered SA2 areas, and NSW State Government's SA2 level projections released in 2022 with a base year of 2021 for uncovered areas. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future population trends project an above median growth for non-metropolitan areas nationally, with Toronto expected to grow by 839 persons to 2041, reflecting a gain of 16.4% over the 17-year period.

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

Toronto has experienced around 21 dwelling approvals per year based on AreaSearch analysis. Over the past five financial years, from FY-21 to FY-25, approximately 109 homes were approved, with an additional two approved in FY-26 so far. On average, 0.8 people have moved to the area for each dwelling built over these five years.

This suggests that new construction is meeting or exceeding demand, providing more options for buyers and potentially driving population growth beyond current expectations. The average expected construction cost value of new dwellings in Toronto is $706,000, indicating a focus on the premium market with high-end developments. In FY-26, there have been $4.3 million worth of commercial approvals, reflecting the area's predominantly residential nature. Compared to the rest of NSW, Toronto has significantly lower construction rates, which is 59.0% below the regional average per person.

This limited new supply generally supports stronger demand and values for established dwellings. The development mix in Toronto consists of 67.0% standalone homes and 33.0% townhouses or apartments, with a growing proportion of townhouses and apartments offering options across different price points. The estimated population density is 856 people per dwelling approval, indicating a quiet and low-activity development environment. According to AreaSearch's latest quarterly estimate, Toronto is projected to gain 963 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

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

Four projects have been identified by AreaSearch as potentially impacting 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. The unemployment rate was 7.7% in the past year, with an estimated employment growth of 1.1%.

As of June 2025, Toronto had 2,364 residents employed while its unemployment rate was 4.0% higher than Rest of NSW's rate of 3.7%. Workforce participation lagged significantly at 44.2%, compared to Rest of NSW's 56.4%. Key industries of employment among residents were health care & social assistance, retail trade, and construction.

Agriculture, forestry & fishing had limited presence with 0.7% employment compared to the regional average of 5.3%. The area appeared to offer limited local employment opportunities based on Census data. In the 12-month period ending Sep-22, employment increased by 1.1% alongside labour force growth of 2.1%, leading to a rise in unemployment rate by 0.9 percentage points. This contrasted with Rest of NSW where employment contracted by 0.1%, labour force grew by 0.3%, and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 projected national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Toronto's employment mix suggested local employment should increase by 6.7% over five years and 14.0% over ten years, though this was a simple weighting extrapolation for illustrative purposes and did not account for localised population projections.

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

Toronto's median taxpayer income was $41,640 and average income was $59,187 in financial year 2022, according to the latest postcode level ATO data aggregated by AreaSearch. This is lower than national averages, with Rest of NSW showing a median income of $49,459 and an average income of $62,998. As of September 2025, current estimates suggest Toronto's median taxpayer income would be approximately $46,891 and average income around $66,650, based on Wage Price Index growth of 12.61% since financial year 2022. The 2021 Census data indicates that household, family, and personal incomes in Toronto all fall between the 9th and 11th percentiles nationally. Income distribution shows that the largest segment comprises 27.4% of residents earning $400 - $799 weekly, contrasting 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 above-average rates of outright home ownership

In Toronto, as per the latest Census data, 77.8% of dwellings were houses while 22.2% were other types such as semi-detached homes, apartments, and 'other' dwellings. In contrast, Non-Metro NSW had 89.7% houses and 10.2% other dwellings. Home ownership in Toronto stood at 38.6%, with mortgaged properties at 25.1% and rented dwellings at 36.3%. The median monthly mortgage repayment was $1,616, lower than Non-Metro NSW's average of $1,900. The median weekly rent in Toronto was $320, compared to Non-Metro NSW's $380. Nationally, Toronto's mortgage repayments were significantly lower at $1,616 versus the Australian average of $1,863, and 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 constitute 65.6% of all households, including 18.8% couples with children, 29.1% couples without children, and 16.5% single parent families. Non-family households account for 34.4%, with lone person households at 32.1% and group households comprising 2.1%. The median household size is 2.2 people, smaller than the Rest of NSW average of 2.5.

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

The area has university qualification rates at 17.5%, significantly lower than the NSW average of 32.2%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are most common at 12.3%, followed by postgraduate qualifications (3.5%) and graduate diplomas (1.7%). Trade and technical skills are prominent, with 39.4% of residents aged 15+ holding vocational credentials – advanced diplomas (10.0%) and certificates (29.4%).

A substantial 24.6% of the population is actively pursuing formal education, including 8.4% in primary education, 7.0% in secondary education, and 3.0% in tertiary education. Toronto's 5 schools have a combined enrollment of 1,531 students, serving distinct age groups with balanced educational opportunities (ICSEA: 983). The area functions as an education hub with 26.1 school places per 100 residents, attracting students from surrounding communities and exceeding the regional average of 12.3.

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

Transport analysis indicates 41 active transit stops operating within Toronto, offering a mix of bus services. These stops are served by 80 unique routes, collectively facilitating 1,899 weekly passenger trips. Transit accessibility is deemed good, with residents typically situated 217 meters from the nearest stop.

Service frequency averages 271 trips per day across all routes, translating to approximately 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

Critical health challenges are evident across Toronto, with a range of health conditions impacting both younger and older age cohorts.

Private health cover is relatively low, with approximately 50% of the total population (~2,954 people) having it. The most common medical conditions are mental health issues (12.1%) and arthritis (12.0%). A total of 53.2% of residents declare themselves completely clear of medical ailments, compared to 60.3% across Rest of NSW. Toronto has a higher proportion of seniors aged 65 and over at 30.0% (1,759 people), compared to the 21.9% in Rest of NSW. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.

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 found to be below average, with 87.4% of its population born in Australia, 91.0% being citizens, and 94.8% speaking English only at home. The dominant religion in Toronto is Christianity, comprising 52.7% of the population, compared to 54.0% across Rest of NSW. The top three ancestry groups in Toronto are English (32.5%), Australian (30.6%), and Scottish (8.1%).

Notable differences exist in the representation of certain ethnic groups: Australian Aboriginal is overrepresented at 5.8%, Welsh remains consistent at 0.7%, and Samoan is also consistent at 0.3%.

Toronto ranks among the oldest 10% of areas nationwide

Toronto's median age of 49 exceeds that of the Rest of NSW at 43 and is above Australia's national figure of 38 years. The 75-84 age cohort is notably over-represented in Toronto, with 11% compared to the Rest of NSW average of 6%. Conversely, individuals aged 5-14 are under-represented at 10.1%. Since 2021, the population aged 35-44 has grown from 8.6% to 10.5%, while those aged 45-54 have declined from 11.4% to 10.3% and those aged 55-64 have dropped from 13.1% to 12%. By 2041, demographic projections indicate significant shifts in Toronto's age structure. The 25-34 age cohort is projected to grow by 231 people (34%), reaching 906 individuals. Meanwhile, the number of individuals aged 15-24 is expected to decrease slightly.