Loading homes in Malvern…

No listings match these filters in this area.

Try zooming out or widening your filters.

Neighbourhood in Scarborough

Homes for rent in Malvern

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

family-friendly community-oriented affordable

Malvern is a diverse neighbourhood in Scarborough. It offers a mix of residential options and community amenities.

Diverse community with a significant immigrant population Good schools with an average rating of 5.6 Access to parks and playgrounds for families Affordable housing compared to city averages Close to grocery stores and restaurants

Day to dayLivability

5.6

Schools near listings

out of 10 · averaged over 2,585 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

$549,900

8% below Scarborough 23% below Ontario

In Malvern

$549,900

In Scarborough

$599,000

In Ontario

$709,900

Median monthly rent

$2,350/mo

2% above Scarborough 6% below Ontario

In Malvern

$2,350

In Scarborough

$2,300

In Ontario

$2,500

$340

Per square foot

≈ 19.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

145

Median $549,900

Condos 105 · Houses 40

For rent

Median $2,350

Condos 45 · Houses 32

Recently sold

Recently leased

Market data as of 2026-10-25. 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

Median home prices are below city median
Family-friendly with many parks and schools
Community-focused with various amenities
Majority of residents own their homes

Keep in mind

Unemployment rate is higher than average
Limited transit options available

The feel of the placeLifestyle

Daily life in Malvern is family-oriented with access to parks and schools. The community is vibrant and welcoming.

Great for families first-time buyers immigrants

Within the boundaryWhat's nearby

The boundary

8.9 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

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 8.9 km² of Malvern. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

5.4/10

Average rating of the 14 rated schools in this area

Elementary

Secondary

Burrows Hall Junior Public School
Public · Grades JK–6 · Toronto DSB
8.5/107.7 over 5 yrs
175th of 3,045 Ontario elementary schools
265 students · EQAO 2024-2025
St Gabriel Lalemant Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.1/10
808th of 3,045 Ontario elementary schools
130 students · EQAO 2024-2025
Sacred Heart Catholic School
Catholic · Grades JK–8 · Toronto CDSB
6.9/106.3 over 5 yrs
963rd of 3,045 Ontario elementary schools
230 students · EQAO 2024-2025
Emily Carr Public School
Public · Grades JK–8 · Toronto DSB
6.8/10
1,026th of 3,045 Ontario elementary schools
265 students · EQAO 2024-2025
Tom Longboat Junior Public School
Public · Grades JK–6 · Toronto DSB
6.8/106.4 over 5 yrs
1,026th of 3,045 Ontario elementary schools
240 students · EQAO 2024-2025
Mary Shadd Public School
Public · Grades JK–8 · Toronto DSB
5.9/106.2 over 5 yrs
1,664th of 3,045 Ontario elementary schools
365 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Malvern, 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

43,467

Population (2021)

8.8 km²

Area

4,916

People per km²

39.2

Median age

$90,025

Median income

72%

Own their home

3.3

People per household

13,635

Households

Every age

Children (under 15)15.5%
Working age (15–64)68.2%
Seniors (65+)16.3%

What is built here

Detached houses25.4%
Semi-detached9.4%
Townhouses26.3%
Duplexes9%
Low-rise apartments4.8%
High-rise apartments24.5%
Other attached homes0.6%

Own or rent

72%Owners

29%Renters

Across 13,635 households

When it was built

Mostly 1961–1980

1960 or earlier5%
1961–198040%
1981–199027%
1991–200014%
2001–20056%
2006–20103%
2011–20152%
2016–20213%

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.

60.4%
Born outside Canada: 25.3%
Hold a degree or higher: 50%
Employment rate: 23.9%
Commute by transit: 71.4%
Commute by car: 1.9
Children per family: $81,680
Median income after tax: $99,899
Average household income: 10.9%
Living on a low income: $1,320/mo
Renters pay, per month: $1,685/mo
Owners pay, per month: $674,136
Median home value at census: 24.7%
Renters spending 30%+ of income on housing: 26.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 61 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 school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Malvern actually rent for

286 homes were leased in Malvern over the 12 months to September 2026. Half leased above $2,408 and half below, 1.4% lower than the 12 months before. A typical home found its tenant in 26 days — 2 days slower than a year ago.

Median rent: $2,408; -1.4% year over year
Days to lease: 26; 2 days slower
Leases closed: 286; last 12 months
Rent per square foot: $2.33/mo; from 279 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.

$3,794$3,094$2,393$1,693

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,984/mo

on a $3,000 asking rent — under ask by $16

−10%Asking rent+10%

Of the asking rent: 99.5%
Leased over asking: 9.4%

From 286 leases that closed here in the last 12 months.

Rent or buy in Malvern

22.9 years

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

Median sold price

$660,437

255 sales

Median rent

$2,408/mo

286 leases

Gross rental yield

4.38%

before costs

Both figures come from deals that actually closed in Malvern 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 Malvern

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

286leases

Condo town$2,40836.4%
Condo apartment$2,30729.0%
Detached$2,33611.2%
Other kinds, too few of each —23.4%

How fast it moves

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

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Malvern, rentals

Monthly closed leases in Malvern
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	26	$2,500	$2,200 – $2,950	20	99.6%
Aug 2026	30	$2,338	$2,100 – $2,538	30	99.5%
Jul 2026	29	$2,400	$2,100 – $2,600	28	100.0%
Jun 2026	23	$2,380	$2,075 – $2,588	24	100.0%
May 2026	32	$2,400	$2,238 – $2,663	34	97.9%
Apr 2026	21	$2,450	$2,050 – $2,550	29	100.0%
Mar 2026	28	$2,488	$2,138 – $2,600	34	100.0%
Feb 2026	17	$2,350	$2,150 – $2,500	21	100.0%
Jan 2026	14	$2,375	$2,163 – $2,613	17	99.1%
Dec 2025	19	$2,300	$2,075 – $2,475	27	100.0%
Nov 2025	25	$2,350	$2,000 – $2,500	20	98.1%
Oct 2025	22	$2,525	$2,261 – $2,975	17	100.0%
Sep 2025	16	$2,550	$2,294 – $2,963	16	100.0%
Aug 2025	35	$2,400	$2,200 – $2,650	22	100.0%
Jul 2025	30	$2,350	$2,100 – $2,600	21	100.0%
Jun 2025	29	$2,450	$2,350 – $2,650	19	100.0%
May 2025	18	$2,595	$2,224 – $2,638	22	100.0%
Apr 2025	38	$2,383	$2,250 – $2,500	20	100.0%
Mar 2025	40	$2,400	$2,250 – $2,553	30	100.0%
Feb 2025	34	$2,450	$2,300 – $2,500	21	100.0%
Jan 2025	18	$2,425	$2,300 – $2,788	35	100.0%
Dec 2024	15	$2,400	$2,000 – $2,875	36	100.0%
Nov 2024	19	$2,500	$2,238 – $2,950	21	100.0%
Oct 2024	14	$2,675	$1,838 – $3,013	24	100.0%
Sep 2024	18	$2,800	$2,562 – $3,000	30	100.0%
Aug 2024	32	$2,750	$2,438 – $3,050	15	100.0%
Jul 2024	19	$2,700	$2,325 – $3,000	30	100.0%
Jun 2024	22	$2,640	$2,350 – $3,000	40	100.0%
May 2024	16	$2,650	$2,438 – $2,888	33	100.0%
Apr 2024	11	$2,650	$2,150 – $3,650	32	100.0%
Mar 2024	10	$2,700	$2,215 – $2,888	22	100.0%
Feb 2024	8	$2,700	$2,538 – $2,844	16	100.0%
Jan 2024	13	$2,600	$2,300 – $2,800	23	100.0%
Dec 2023	14	$2,400	$2,100 – $2,675	18	100.0%
Nov 2023	9	$3,000	$2,600 – $3,500	18	100.0%
Oct 2023	16	$2,700	$2,387 – $3,238	16	100.0%

What people ask about Malvern

How much does a home cost in Malvern?

Homes in Malvern sold for a median of $660,437 over the 12 months to September 2026, across 255 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 Malvern?

A home in Malvern took a median of 28 days on the market over the 12 months to September 2026. Homes there closed at 97.6% of the asking price on average, with 27.8% selling over asking.

How much is rent in Malvern?

The median lease in Malvern closed at $2,408 a month over the 12 months to September 2026, across 286 leases.

Is it cheaper to rent or buy in Malvern?

A home in Malvern costs about 22.9 years of the rent on one — the median price of $660,437 against a median rent of $2,408 a month, a gross yield of 4.38%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Malvern?

Over the 12 months to September 2026 the mix in Malvern was detached (23.1% of sales, median $833,114), condo apartment (22.0% of sales, median $425,857) and condo town (11.8% of sales, median $551,367).

Compiled by HOMEH from leases reported closed in Malvern 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 Malvern

A condo here is 2.0× cheaper than detached houses

Half the condo apartments that changed hands in Malvern over the 12 months to September 2026 sold above $425,857. The neighbourhood's median across every kind of home was $660,437 — one number, two markets.

Condo apartment$425,857

Detached$833,114

Median closed prices over the 12 months to September 2026, from 255 sales in Malvern. Medians describe the group, never one home.

Median condo sold price: $426K; 56 closed sales
Median condo rent: $2,307/mo; 83 leases
Days to sell: 35; median, condo apartments
Share of all sales: 22%; of everything that closed here

Condo townhouses are a separate market again: 30 closed here at a median of $551,367.

49condo apartments for sale 13condo apartments for rent

At a glance