The Lowdown on Humewood-Cedarvale

Your Typical Neighbour

The more home-focused neighbourhoods see wealthy upper and upper-middle class families. The peripheries see the demographics spread a little. Either way, make sure in the holiday season you know how to spell Chanukah!

What We

Retail offerings that span couture and discount store, and some of the finest caribbean food around!

What We Don't

Listing Sticker Shock Syndrome.

There is diversity in this neighbourhood from a housing standpoint, and there is demand for all of it. Cedarvale sees a healthy mix of smaller bungalows and semi-detached houses that intermingle with stately executive style homes on sizeable ravine lots. Multi-plexes and smaller walk up apartment buildings are also prominent along the outer borders of the neighbourhood where transit and retail are concentrated.

While the housing stock is quite varied here, this is hardly what one would refer to as a starter neighbourhood. Three years ago the AVERAGE price for all homes sold was in the mid $800’s, and apartments often sold for more than semi’s. Yes. You read correctly. That was THREE YEARS AGO. We think the math is pretty self explanatory here!

HOUSE STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $1,054,894 $1,097,344 $1,211,173 $1,507,176 $1,639,932
PRICE: Low-High $510,000-$1,980,000 $365,000-$2,940,000 $375,000-$3,525,000 $700,000-$2,780,000 $740,000-$3,300,018
AVERAGE DAYS ON MARKET 25 17 13 10 9
# OF SALES 33 88 74 71 55

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $334,571 $396,183 $364,870 $478,524 $582,953
PRICE: Low-High $148,000-$460,000 $180,400-$629,900 $122,000-$616,500 $126,000-$790,000 $120,000-$1,604,990
AVERAGE DAYS ON MARKET 36 23 30 25 33
# OF SALES 7 15 30 33 46

Area: 2km

Population: 14,110

Demographics

Kids: 15%

Youth: 12%

Seniors: 11%

Visible Minority: 28.50%

Average Family Income: $123,951

Education

Lower Education: 28%

Higher Education: 14%

Home Ownership

Owned Homes: 2375

Tenanted Homes: 4210

Some highly respected schools here, including Vaughan Road Academy that hosts special programming for students with heavy arts or sports commitments.

ELEMENTARY SCHOOLS

Humewood Community School
Cedarvale Community School
J R Wilcox Community School

SENIOR SCHOOLS

Vaughan Road Academy

Buses and streetcars surround you with service to the subway Line. The Allen Expressway expedites access to the 401. Taking the car downtown in rush hour won’t be the most pleasant no matter how you slice it.

About Humewood-Cedarvale

There are so many things we love about the Humewood-Cedarvale area.Located on St.Clair west this neighbourhood has seen a rapid and progressive gentrification. Although homes in the Humewood area were generally built in the 1920s, the combination of renovations, new builds, young families moving in, schools, and new local businesses popping-up, have made this one of Toronto’s most sought-after neighbourhoods.

Humewood and Cedarvale are separated by Vaughan Road, and about a block further east is Cedarvale Ravine – a natural border between the two halves of the community. A short jog, walk, or drive and you find walking trails, hidden by tree cover, that lead you over to Forest Hill Village. You’ll also find a gated dog park, an outdoor hockey rink, arena, and hilly area – perfect for winter tobogganing with the kids. And, if you are lucky enough to purchase a home bordering the Cedarvale ravine, you will have effortless views of treetop and green open spaces that could make anyone forget they were city-dwellers.

Along the St.Clair west strip residents of the Humewood-Cedarvale area are greeted by local coffee shops, such as World Class Bakery (and of course, Starbucks), upscale clothing boutiques (like ParPar), specialty bakeries (Leah’s Bakery), interior design studios, spinning and workout rooms, gourmet restaurants (The Rushton), and grocers (Loblaws or No Frills). And, if you’re someone who loves farmers markets then the Wychwood Barns Farmer’s Market is sure to please.

If you decide to move to the Humewood-Cedarvale area a fun fact to know is that the neighbourhood is often referred to as “The Woods” because of the many trees, wooded areas, and street names ending in ‘wood’, such as Humewood, Cherrywood, Valewood, Maplewood, Wellwood, and Pinewood.


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