Toronto City Guide
Located in southern Ontario Toronto is the capital of Ontario and is currently the largest city in Canada. Toronto's
population is around 2.615 million people.
With a diverse well-educated community the demand for housing has continued to rise over the last 25 years as more and more people are looking to grow their careers and families in and around Toronto.
Economic Overview
Toronto's role in the growth of the Canadian economy is crucial. On average Toronto accounts for roughly 20% of Canada's GDP. Over the last 20 years, there have been a couple of large shifts to the Canadian economy that are paving the future for the global market. With a growing demand for service-based industries & the technology industry. There have been a growing number of corporations that have built their headquarters within Toronto from a variety of industries including finance, real estate, computer engineering/software development, pharmaceuticals, fashion, and entertainment.
Real Estate Market
There are several amazing communities that have grown in Toronto.
The Downtown Core is home to several high-end condos (low-rise and high-rise), with many more under development. If you are a student, you will also be pleased to find many rental apartments that are within walking distance of your university/college campus. Be warned, as these homes are known to be very costly! The convenience of where these homes are located makes it one of the hottest housing markets in the country.
Etobicoke is home to many suburb homes that are better suited for smaller families. Expect to find many semi-detached homes and townhouses, with the occasional bungalow and mansion-sized house for those that are able to afford it. With multiple suburban developments underway, this area will see an influx of new residents over time.
Scarborough tends not to have many homes available, and for good reason. These are giant homes that occupy multiple beds and bathrooms, in addition to having massive property spaces that allow for amenities such as pools and tennis courts to be built at the owner’s discretion.
North York possess the most diverse range of houses out of all the districts, offering homes ranging from smaller apartments and condos to larger suburb-like homes. The competitiveness of the housing market will vary depending on the region that you choose to live in.
| Home Style |
Average Price |
| 2 storey |
$974,937 |
| Bungalow |
$698,194 |
| Condominium |
$407,638 |
