Best Neighborhoods To Buy Property In Toronto

MoneySense surveyed the Greater Toronto Area’s real estate professionals to get their opinions about the local real estate market and about the best neighborhoods that they would recommend in that city. Rating the neighborhoods included how they compared to the surrounding area on affordability, how quickly prices were appreciating there, and other factors.

The three regions are the core, the inner suburbs, and the outer suburbs.

The Core

That is the city’s urban center, with has easy access to amenities and accessible transit.

Realtor pick: Mimico

Mimico was the realtors’ top choice in the City. It is Toronto’s gateway to the west-end waterfront area. This Etobicoke neighborhood is within a short commute of downtown, has easy access to four major highways, and has its own Go Transit train station. It has attractive home prices, large lots, excellent recreational facilities, scenic lakefront parks, and more.

Mimico also features local events including the annual Lakeshore Community Festival, the Christmas Parade, and the annual August Mimico Festival followed the next day by a kite flying contest.

The Inner Suburbs

These suburbs are for those who don’t mind a longer commute in exchange for a village with a small-town feeling.

Realtor pick: Kleinburg

Here you will find bigger lot sizes, outdoor trails, restaurants, boutiques, spas, and a new Vaughan subway extension that makes it easy to commute into the city if necessary. This is home to the McMichael Canadian Art Collection and is a place where you can sip on authentic Italian espresso.

The Outer Suburbs

These are for those who either don’t commute to the downtown area at all or are willing to endure some serious travel time in exchange for wide open spaces and affordable prices.

Realtor pick: Caledon Village

Just north of Toronto and 30 to 45 minutes from the Pearson International airport, this family-oriented community has rolling hills, clean air, stately estates and mansions, a large number of spacious and treed 1/2 to 10 acre lots, streams, horse farms, forests and plenty of wildlife along with the “city living” of shops, restaurants, and even a live theater. Caledon and its hamlets are breathtakingly beautiful. Bolton is a sports-oriented and is very active with more than 3,000 children registered in soccer in addition to baseball, basketball, hockey, and volleyball.

Conclusion

No matter what type of living you prefer and what your housing budget is, you are sure to find the ideal property in this gorgeous and convenient city.