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.

Property Statistics in Humewood-Cedarvale

All Properties - Statistics

Q2 2019

$1,130,006

Average Price

4

New Listings

3

Properties Sold

5

Average Days on Market

121.2 %

% of Asking Price

$3,390,018

$ Volume of Sales

Detached Houses - Statistics

Q2 2019

$1,599,637

Average Price

58

New Listings

33

Properties Sold

7

Average Days on Market

105.9 %

% of Asking Price

$52,788,016

$ Volume of Sales

Condos - Statistics

Q2 2019

$676,802

Average Price

14

New Listings

10

Properties Sold

31

Average Days on Market

99.1 %

% of Asking Price

$6,768,020

$ Volume of Sales

Source: TREB Statistics

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 2018
AVERAGE PRICE $1,054,894 $1,097,344 $1,211,173 $1,507,176 $1,639,932 $1,704,342
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 $575,000-$5,218,000
AVERAGE DAYS ON MARKET 25 17 13 10 9 16
# OF SALES 33 88 74 71 55 62

CONDO STATS

2013 2014 2015 2016 2017 2018
AVERAGE PRICE $334,571 $396,183 $364,870 $478,524 $582,953 $567,650
PRICE: Low-High $148,000-$460,000 $180,400-$629,900 $122,000-$616,500 $126,000-$790,000 $120,000-$1,604,990 $160,000-$937,000
AVERAGE DAYS ON MARKET 36 23 30 25 33 25
# OF SALES 7 15 30 33 46 30

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 Lines closest stations in the area would be Eglinton west right by the Allen and St.clair west station by at the corner of Bathurst. In 2020 the LRT run entirely along Eglinton Avenue for 19 km (12 mi) from the future Mount Dennis station underground to Sunnybrook Park, after which it will run predominantly at-grade along the street's median to Kennedy station, where it will connect underground with Line 2 Bloor–Danforth and Line 3 Scarborough. 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 Crave (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 Pukka, Kay Pacha, FK (Frank’s Kitchen, Ferro), 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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