Old Toronto · Toronto Neighbourhood Guide
Humewood-Cedarvale
Middle-income and renter-majority, in the heart of Old Toronto.
13,845
Population
39.2
Median Age
$83,000
Median Household Income
2.2
Avg. Household Size
What It Rents For
Renting in Humewood-Cedarvale
$2,057
Average Rent / Month
3.3%
Rental Vacancy Rate
+7%
vs. GTA Average ($1,917)
Source: CMHC Rental Market Survey, October 2025 (Toronto (North) zone). Adapted from CMHC data; this does not constitute CMHC endorsement.
About Humewood-Cedarvale
Humewood-Cedarvale is a renter-majority neighbourhood, where about 63% of households rent. Median household income, around $83,000, tracks close to the Toronto figure. Households span a range of ages and sizes — the kind of broad, mixed neighbourhood that holds value through cycles.
Rents track close to the GTA average of $1,917, making it a practical part of the city for buyers and tenants alike. For investors and owners eyeing a high-demand, transit-rich pocket, the relevant questions are about multiplex potential and purpose-built rental — the build-and-hold strategies we evaluate with construction-informed due diligence.
Metrohomes has been designing and building across Old Toronto since 1988. Whether you're weighing a renovation, a garden suite, a multiplex, or a custom new build in Humewood-Cedarvale, we bring a builder's eye to what a property can actually become.
What We Build Here
Building & Renovating in Humewood-Cedarvale
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