Real Estate for Rent in Timberlea, Milton, ON

Name: HOMEH Market Pulse — Timberlea, Milton closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Milton

Timberlea

family-friendly community-oriented quiet

Timberlea is a quiet neighbourhood in Milton, Ontario. It offers a mix of residential options and community amenities.

Good schools with an average rating of 6.9 Close to parks and playgrounds Diverse housing options available Family-friendly environment Easy access to grocery stores and restaurants

Day to dayLivability

6.9

Schools near listings

out of 10 · averaged over 63 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$689,900

31% below Milton 4% below Ontario

In Timberlea

$689,900

In Milton

$999,000

In Ontario

$718,000

Median monthly rent

$2,200/mo

4% below Milton 12% below Ontario

In Timberlea

$2,200

In Milton

$2,288

In Ontario

$2,500

≈ 26.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $689,900

Condos 13 · Houses 7

For rent

Median $2,200

Condos 19 · Houses 1

Recently sold

Recently leased

Market data as of 2026-10-13. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable housing compared to city median prices
High ownership rate at 88.7%
Strong community feel with many families
Low percentage of low-income households

Keep in mind

Limited public transit options
Higher rental strain for renters

The feel of the placeLifestyle

Daily life in Timberlea is relaxed, with families enjoying parks and local shops. Residents often commute by car.

Great for families first-time buyers commuters

Within the boundaryWhat's nearby

The boundary

2.5 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 2.5 km² of Timberlea. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.9/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Sam Sherratt Public School
Public · Grades JK–8 · Halton DSB
6.9/106.6 over 5 yrs
963rd of 3,045 Ontario elementary schools
385 students · EQAO 2024-2025
E C Drury/Trillium Demonstration School
Public · Grades 4–8 · Provincial and Demonstration Schools
Not rated
E C Drury/Trillium Demonstration School
Public · Grades 9–12 · Provincial and Demonstration Schools
Not rated
E W Foster Public School
Public · Grades JK–5 · Halton DSB
Not rated
265 students · EQAO 2024-2025
Ernest C Drury School for the Deaf
Public · Grades JK–8 · Provincial and Demonstration Schools
Not rated
65 students
Ernest C Drury School for the Deaf
Public · Grades 9–12 · Provincial and Demonstration Schools
Not rated
75 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Timberlea, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

6,057

Population (2021)

2.6 km²

Area

2,380

People per km²

44.5

Median age

$116,589

Median income

89%

Own their home

2.8

People per household

2,170

Households

Every age

Children (under 15)18.5%
Working age (15–64)58.6%
Seniors (65+)22.9%

What is built here

Detached houses58.9%
Semi-detached10.7%
Townhouses18.3%
Duplexes1.6%
Low-rise apartments6%
High-rise apartments4.4%

Own or rent

89%Owners

11%Renters

Across 2,170 households

When it was built

Mostly 1961–1980

1960 or earlier2%
1961–198051%
1981–199023%
1991–20001%
2001–20058%
2006–20102%
2011–20152%
2016–20218%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

19.7%
Born outside Canada: 28.5%
Hold a degree or higher: 56.3%
Employment rate: 4.2%
Commute by transit: 91.6%
Commute by car: 1.8
Children per family: $100,029
Median income after tax: $128,591
Average household income: 6.7%
Living on a low income: $1,722/mo
Renters pay, per month: $1,588/mo
Owners pay, per month: $857,246
Median home value at census: 44.6%
Renters spending 30%+ of income on housing: 12.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Timberlea actually rent for

105 homes were leased in Timberlea over the 12 months to September 2026. Half leased above $2,288 and half below, 13.7% lower than the 12 months before. A typical home found its tenant in 16 days — 4 days quicker than a year ago.

Median rent: $2,288; -13.7% year over year
Days to lease: 16; 4 days quicker
Leases closed: 105; last 12 months
Rent per square foot: $3.07/mo; from 102 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,524$2,925$2,325$1,726

Oct ’23Nov ’24Oct ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,993/mo

on a $3,000 asking rent — under ask by $7

−10%Asking rent+10%

Of the asking rent: 99.8%
Leased over asking: 13.3%

From 105 leases that closed here in the last 12 months.

Rent or buy in Timberlea

32.6 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$895,535

85 sales

Median rent

$2,288/mo

105 leases

Gross rental yield

3.07%

before costs

Both figures come from deals that actually closed in Timberlea over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Timberlea

A single median hides this: the mix of homes behind it, and what each kind costs.

105leases

Condo apartment$2,09355.2%
Other kinds, too few of each —44.8%

How fast it moves

Median days on market, month by month. Taller means slower.

Apr 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Timberlea, rentals

Monthly closed leases in Timberlea
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	41	$2,150	$2,100 – $2,400	13	100.0%
Aug 2026	23	$2,000	$1,950 – $2,325	10	100.0%
Jul 2026	9	$2,733	$2,363 – $3,200	14	99.3%
Jun 2026	2	Not enough leases this month to report a median
May 2026	3	Not enough leases this month to report a median
Apr 2026	6	$2,350	$2,238 – $2,650	28	100.0%
Mar 2026	5	$3,200	$2,499 – $3,300	20	100.0%
Feb 2026	5	$2,330	$1,850 – $2,700	32	100.0%
Jan 2026	2	Not enough leases this month to report a median
Dec 2025	3	Not enough leases this month to report a median
Nov 2025	3	Not enough leases this month to report a median
Oct 2025	3	Not enough leases this month to report a median
Sep 2025	4	Not enough leases this month to report a median
Aug 2025	4	Not enough leases this month to report a median
Jul 2025	3	Not enough leases this month to report a median
Jun 2025	4	Not enough leases this month to report a median
May 2025	2	Not enough leases this month to report a median
Apr 2025	1	Not enough leases this month to report a median
Mar 2025	2	Not enough leases this month to report a median
Feb 2025	2	Not enough leases this month to report a median
Jan 2025	1	Not enough leases this month to report a median
Nov 2024	2	Not enough leases this month to report a median
Oct 2024	1	Not enough leases this month to report a median
Sep 2024	3	Not enough leases this month to report a median
Aug 2024	5	$3,300	$2,350 – $3,400	18	100.0%
Jul 2024	4	Not enough leases this month to report a median
Jun 2024	5	$2,350	$2,350 – $2,500	29	100.0%
May 2024	3	Not enough leases this month to report a median
Apr 2024	5	$2,795	$2,450 – $2,800	39	100.0%
Mar 2024	2	Not enough leases this month to report a median
Jan 2024	2	Not enough leases this month to report a median
Nov 2023	3	Not enough leases this month to report a median
Oct 2023	2	Not enough leases this month to report a median

24 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Timberlea

How much does a home cost in Timberlea?

Homes in Timberlea sold for a median of $895,535 over the 12 months to September 2026, across 85 closed sales — half sold for more and half for less. That is 3.8% lower than the 12 months before it.

How long does it take to sell a home in Timberlea?

A home in Timberlea took a median of 27 days on the market over the 12 months to September 2026. Homes there closed at 98.2% of the asking price on average, with 12.9% selling over asking.

How much is rent in Timberlea?

The median lease in Timberlea closed at $2,288 a month over the 12 months to September 2026, across 105 leases.

Is it cheaper to rent or buy in Timberlea?

A home in Timberlea costs about 32.6 years of the rent on one — the median price of $895,535 against a median rent of $2,288 a month, a gross yield of 3.07%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Timberlea on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Timberlea

A condo here is its own market

25 condo apartments and 4 condo townhouses are on the market in Timberlea right now. Too few have closed here in the last year for us to publish a median we would stand behind.