Toronto Real Estate

What is Toronto Like?

Toronto call itself “Canada’s Downtown,” and it’s not hard to see why. An exciting city of over 2 million people, the iconic freestanding CN Tower, the seat of Canada’s finanical industry, and a powerhouse for fashion and film professionals, Toronto is one of the most dynamic cities in the nation.

Although Bay Street is well known for its glassy towers that house major corporations, upscale law firms, and the Toronto Stock Exchange, the city also boasts many boutique spaces for shopping, dining, and entertainment. It’s also easy to get around Toronto without a car, thanks to a robust transit system.

Toronto Housing Market

The Toronto Real Estate Board reported that the median price for a single detached home in Toronto was $840,000 during Q3 2018. During the same time period, semi-detached homes were $700,000, condo townhomes were $530,000, and condo apartments were $486,500.

It’s no secret that Toronto real estate is pricey, but those that want the excitement of the city with lower housing costs can look to one of the city’s many suburbs. However, despite the high real estate prices, many people actively seek to live in the center of the action.

It’s Canada’s largest city and it’s where to be if you thrive in a fast-paced, business-driven environment. Toronto has a population of 2.7 million, and the average age of the residents is 39.

The housing marketing in Toronto can be challenging – this city shares with Vancouver the distinction of having the highest home prices in Canada. However, for those that choose the big city life, Toronto offers families diverse all-ages experiences with ready access to culture, dining, nightlife, shopping, and arts. A mix of public and private schools, along with plenty of universities and colleges, round out this dynamic city.

As Canada’s largest city, Toronto is where to be if you like an urban lifestyle. Along with Vancouver, Toronto is a hub for film and fashion. It’s also Canada’s finanical district, with the Toronto Stock Exchange on Bay Street. Toronto headquarters some of Canada’s largest professional banks and law firms.

Diversity is the name of the game in Toronto, where more than 50 per cent of the population are from outside of Canada, and where 230 nationalities are present. Families living in Toronto have access to their cultural communities, and easy access to the food and entertainment of other cultures.

Toronto has four public and one private universities, four public colleges, English and French public schools, over 140 private career colleges, and more than 50 language-training schools.

Housing prices are high, but Toronto has many suburbs where families can find single family and condo dwellings. Currently, housing inventory is average, but slight drops year over year show inventory trending downwards.

Despite being Canada’s largest city, Toronto helps its families relax with green spaces, festivals and one of its most famous attractions, the Toronto Zoo. Just 40 km from downtown Toronto is another family favourite: Canada’s Wonderland.