With a population of more than 2.5 million people, Toronto, Ontario, is the largest city in Canada, and the fifth-largest in North America. It’s also one of the most multicultural cities in the world. In a city that large and diverse, there’s endless real estate opportunities, but some neighbourhoods are more desirable than others. The top neighbourhoods in Toronto real estate are expanding quickly, are near local parks and offer good opportunities for investment.
East End-Danforth is a prime example of up and coming real estate in Toronto. The neighbourhood is a great choice for outdoor enthusiasts, with several local parks, plus access to boardwalks and beaches. In fact, it’s sometimes referred to as “The Beaches.” This neighbourhood is a favourite of real estate agents because of its proximity to shopping and restaurants. It’s also popular for its booming nightlife and strong sense of community.
Parkwoods-Donalda is on the outskirts of residential real estate in Toronto, Ontario, but is close to the highway for an easy commute. It’s also close to a golf course and large park systems. The south end of the neighbourhood is affluent with more new development, while the north end has older, original homes. But, if you’re interested, you’ll want to act soon – prices are increasing faster here than in other neighbourhoods.
Victoria Village, in a busy area of Toronto, is a favoured spot for buyers seeking family homes. Most homes in the neighbourhood are detached homes on decent-sized lots. The area is densely populated, so traffic is sometimes an issue, but a shopping center and movie theatre are within walking distance. Homes in this neighbourhood offer good possibilities for investors.
Another neighbourhood that may interest potential investors is Regent Park. Regent Park is a neighbourhood undergoing transition. A new aquatic center nearby is bringing in tourism, but the area is a mix of subsidized low-income housing and new development; however, the rough-around-the-edges reputation of the neighbourhood may help keep prices down.
For buyers looking for a strong value, look no further than Pleasantville. The homes in the neighbourhood are generally well-maintained, though some may be candidates for updating or renovation. Since several smaller homes in this area have been replaced by larger, luxurious homes, local agents anticipate this neighbourhood expanding quickly. Potential investors might be interested in this location, though prices do rise as you head east toward the water.
Real estate in Toronto, Ontario, has a lot to offer home buyers and investors, but where should you look for your next home purchase? It all depends on what you’re looking for – beautiful beaches, green parks, or a family-friendly neighbourhood? No matter what suits your lifestyle, you can find it in Toronto.