Condos for Sale in Thorncliffe Park, Toronto, ON

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

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Neighbourhood in Toronto

Thorncliffe Park

community-focused family-friendly affordable diverse

Thorncliffe Park is a vibrant neighborhood in Toronto, known for its diverse community and family-friendly atmosphere. It offers a mix of residential options, primarily in high-rise apartments, making it an affordable choice for many.

Diverse population with many immigrants Good schools and parks Close to grocery stores and restaurants Strong community feel Affordable housing options

Thorncliffe Park, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

Day to dayLivability

6.7

Schools near listings

out of 10 · averaged over 827 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

$499,000

On par with Toronto 30% below Ontario

In Thorncliffe Park

$499,000

In Toronto

$499,894

In Ontario

$717,000

Median monthly rent

$2,500/mo

On par with Toronto On par with Ontario

In Thorncliffe Park

$2,500

In Toronto

$2,500

In Ontario

$2,500

≈ 16.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $499,000

Condos 23

For rent

Median $2,500

Condos 61 · Houses 1

Recently sold

Recently leased

Market data as of 2026-10-10. 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 median home prices
Family-friendly environment
Access to schools and parks
Close to grocery stores and amenities

Keep in mind

High percentage of renters
Limited single-family homes
Traffic can be heavy during peak hours

The feel of the placeLifestyle

Daily life in Thorncliffe Park is active and community-oriented, with many families and children. Residents enjoy easy access to local amenities and green spaces.

Great for first-time buyers families renters immigrants

Within the boundaryWhat's nearby

The boundary

3.1 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

Libraries

Pharmacies

Counted across all 3.1 km² of Thorncliffe Park. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

Elementary

Fraser Mustard Early Learning Academy
Public · Grades JK–3 · Toronto DSB
Not rated
515 students
Thorncliffe Park Public School
Public · Grades 1–5 · Toronto DSB
Not rated
1,305 students · EQAO 2024-2025

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

20,637

Population (2021)

3.1 km²

Area

6,675

People per km²

34.2

Median age

$66,853

Median income

14%

Own their home

3.1

People per household

7,060

Households

Every age

Children (under 15)24.1%
Working age (15–64)63.6%
Seniors (65+)12.2%

What is built here

Townhouses1.2%
Low-rise apartments5.4%
High-rise apartments93.4%

Own or rent

14%Owners

86%Renters

Across 7,060 households

When it was built

Mostly 1961–1980

1960 or earlier21%
1961–198044%
1981–19909%
1991–200011%
2001–20054%
2006–20102%
2011–20155%
2016–20214%

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.

63.3%
Born outside Canada: 34.8%
Hold a degree or higher: 45.6%
Employment rate: 29.6%
Commute by transit: 58%
Commute by car: 2.2
Children per family: $61,921
Median income after tax: $74,882
Average household income: 24.2%
Living on a low income: $1,455/mo
Renters pay, per month: $1,822/mo
Owners pay, per month: $606,380
Median home value at census: 36.2%
Renters spending 30%+ of income on housing: 42.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 9 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, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Condo apartments only Through September 2026 Thin sales history — read the monthly counts

What condos in Thorncliffe Park actually sell for

At least 21 condos changed hands in Thorncliffe Park over the 12 months to September 2026. Half sold above $542,857 and half below, 2.3% higher than the 12 months before. A typical condo found its buyer in 52 days — 27 days slower than a year ago.

4 of the last 11 months had at least 5 closed condos sales in Thorncliffe Park. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median sold price: $543K; +2.3% year over year
Days to sell: 52; 27 days slower
Sales closed: 21; last 12 months
Per square foot: $769; from 20 sized sales

Three years of sold prices

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

$842K$687K$533K$378K

Jun ’24Feb ’25Oct ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$946,700

on a $1,000,000 asking price — under ask by $53,300

−10%Asking price+10%

Of the asking price: 94.7%
Sold over asking: 0%

From 21 sales that closed here in the last 12 months.

Rent or buy in Thorncliffe Park

19 years

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

Median sold price

$542,857

21 sales

Median rent

$2,381/mo

171 leases

Gross rental yield

5.26%

before costs

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

How fast it moves

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

Jun 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Thorncliffe Park, sales

Monthly closed sales in Thorncliffe Park
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	5	$520,000	$410K – $590K	40	95.6%
May 2026	6	$675,000	$582K – $796K	31	94.9%
Jan 2026	5	$485,000	$410K – $780K	74	93.5%
Oct 2025	5	$465,000	$444K – $598K	67	94.7%
Mar 2025	5	$520,000	$470K – $579K	25	98.3%
Feb 2025	6	$541,750	$511K – $608K	29	96.4%
Nov 2024	10	$527,500	$510K – $556K	15	100.0%
Oct 2024	6	$534,500	$520K – $637K	38	98.1%
Jun 2024	6	$755,000	$629K – $810K	24	98.8%

What people ask about Thorncliffe Park

How much does a condo cost in Thorncliffe Park?

Condos in Thorncliffe Park sold for a median of $542,857 over the 12 months to September 2026, across at least 21 closed sales — half sold for more and half for less. That is 2.3% higher than the 12 months before it.

How long does it take to sell a condo in Thorncliffe Park?

A condo in Thorncliffe Park took a median of 52 days on the market over the 12 months to September 2026. Condos there closed at 94.7% of the asking price on average.

How much is rent for a condo in Thorncliffe Park?

The median condo lease in Thorncliffe Park closed at $2,381 a month over the 12 months to September 2026, across at least 171 leases.

Is it cheaper to rent or buy a condo in Thorncliffe Park?

A condo in Thorncliffe Park costs about 19.0 years of the rent on one — the median price of $542,857 against a median rent of $2,381 a month, a gross yield of 5.26%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from sales reported closed in Thorncliffe Park 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 condo. Not an appraisal or an opinion of value.