With a population of over 6 million people, Toronto is in high demand, not least because it offers Canadian city living at its finest. With a thriving job market, bustling neighbourhoods and an excellent transportation system, it’s no wonder so many are looking to call Toronto home.
If you are looking to purchase a condo in Toronto, here is everything you need to know about why the city is the perfect choice for your investment.
EXPANDING ITS HORIZON
The capital of Ontario, Toronto, is the most populated city in Canada. It is a bustling center of business, finance, entertainment, arts, and culture.
People with big aspirations often move here to achieve their dreams and the city welcomes them with open arms. This has led to many companies like Tridel constructing and developing new condos in Toronto with the latest amenities and comforts.
The new condos being built in Downtown Toronto are abundant in all aspects, including the location, the facilities, and the neighbourhoods on offer. Toronto condos are a highly desired investment for homebuyers in the city.
A SLICE OF REAL ESTATE IN TORONTO
The housing options available in a city like Toronto are abundant. However, with a large population of young people and working professionals, Toronto condos are becoming vastly popular. About 93-95% of properties that are on sale in this busy city are new condo developments. Townhouses and buildings also account for a small part of the total sales.
The luxuries and amenities offered by the condos in Toronto attract a large number of people. While Downtown Toronto happens to be the most popular condo destination of the city, new condos in Toronto east are also gaining traction among buyers too.
With lush architecture, world-class gym facilities, spacious open balconies and swimming pools widely available in Toronto condos – who can blame them?
PROPERTY IN TORONTO: A SMART INVESTMENT
When it comes to architectural development, Toronto has seen major steps forward in recent times. A lot of renowned structures were completed about a decade ago. This led to Toronto becoming the popular location it is today, especially for condo developments.
Undoubtedly, Downtown Toronto is catching everyone’s attention. The condominiums (especially the newer developments) in the area are the talk of every resident in Toronto. It’s thought that Toronto will soon have the most high-rise and top-notch condo developments for sale anywhere in the world.Â
While condo prices are on a constant surge, there are offseasons too. Spring and fall are competitive times due to demand. However, it’s actually wintertime that’s most attractive to buyers. That’s because there are barely any buyers during this period, and the market is also slower. During winter, you might be able to find buyers who are not willing to wait until the spring to get rid of their property. Take advantage of the winter season when the sellers are more flexible with the pricing on condo developments.
Ultimately, the sooner you can get your hands on a beautiful condo, the further your money will go. Due to the constant rise in sales prices of property here in Toronto, capitalize on the first opportunity to secure your condo.
THE YOUNG AND DYNAMIC WORKING POPULATION
Toronto is a magnet to those aged between 20-35, who are either students or working professionals. This makes the city an excellent location for real estate growth and condo development.
New condos in Toronto pre-construction have witnessed a remarkable rise in demand during the last 5 years. The benefits that condo living has to offer is just one of the reasons behind the spike.
A RICH HAVEN OF CULTURE
The appeal of Toronto is not only limited to its physical infrastructure and buzzing city life. The diversity that it offers also forms a major attraction. Living in this city provides a glimpse into the cultural practices of various ethnicities and influences perspective in a positive way.
With the presence of different religions like Christianity, Islam, and Hinduism as well as people with no religious affiliations, the city shows its tolerance and provides a valuable space for the growth and development of all who reside here.
Another primary concern when choosing a housing environment is safety. Crime rates in Toronto have been historically low, and thus, it makes for a perfect residential city. This is just one of the many reasons why new condos in Toronto are up and coming.
ENTERTAINMENT IN TORONTO
Entertainment is an abundance here in Toronto with the aptly named Entertainment District home to a wide range of performances, festivals, arts and more. Moreover, you can easily spot a celebrity in this region too. The area boasts other attractions too such as the CN Tower and Ripley’s Aquarium of Canada.
No Entertainment District would be complete without some cinema action. Toronto is home to a stunning array of movie theatres to catch the latest Hollywood blockbusters in. If you’re planning on making an evening of it, the city is packed full of nightlife too. From clubs and bars, whatever your scene Toronto has something for everyone.
We’re feeling a little hungry now. It’s just as well as Toronto houses amazing five-star restaurants and hotels for you to sample incredible cuisine. From gourmet dining to mouthwatering street food that’s authentic to North America – Toronto has something for all appetites.
When it comes to entertainment the whole family can enjoy, Toronto doesn’t disappoint here either. The suburbs offer a sense of relaxation and the city itself is also home to a wide range of water sports. There’s also a vibrant shopping district to explore which is the perfect way to spend the weekend.
HEALTHCARE IN TORONTO
The healthcare system in Toronto is world-class. There several hospitals in the city that all offer the very best medical facilities and treatment to patients. Mount Sinai Hospital and St. Joseph’s Health Centre are among the most notable examples. Doctors across medical centers in Toronto are highly experienced in their field.
EDUCATION IN TORONTO
Being among the most populated cities in North America, the quality of learning in Toronto is truly excellent. The city has a lot of secondary as well as post-secondary educational institutions. The city’s educational standards are exceptional.
Similar to the population levels in general, the education sector in Toronto is growing rapidly. The sector employs over 100,000 employees with the total annual wage coming up to $7.2B. There are institutes, schools and colleges for every sector of society. The city also has several private schools to choose from too.
In addition, there are several international schools in Toronto offering quality education to students. Humber College and Seneca College are among the two top-rated colleges for higher education in the city.
TRANSPORT AND CONNECTIVITY
Toronto is one of the most populated and easily accessible cities in North America. A significant proportion of the population uses the Toronto Transit Commission (TTC) to get around the city.
The TTC maps lining the city are an excellent tool for everyday travel, especially for commuting.
THE PATH SYSTEM
The PATH system in the city makes connectivity even better! It is considered the most extensive underground pedestrian walkway in North America.
Name a place in the city, and it is connected via the PATH system. This includes parking garages, restaurants, railway terminals and individual stations.
The different colours of the letters in “PATH” symbolize different lines, making it simple and easy to navigate.
BUSY SUBWAY LINES
Bloor-Yonge station in Yorkville tops the list as the busiest station in the city. Situated at the junction of Bloor Street and Yonge Street, it is responsible for carrying 200,000 passengers back and forth across Toronto every day.
Streetcars, taxis, and buses are always an option too. Downtown Toronto taxis are particularly well utilized.
WATERFRONT IN TORONTO
The Toronto Waterfront is truly sublime. The area is currently undergoing a revival, which is being reflected in the demand for homes here. Newer condos are being built with each passing day, making Toronto one of the top destinations for luxury city living.
POPULAR NEIGHBOURHOODS IN THE CITY
Toronto is becoming increasingly popular across all neighbourhoods.
Below is a list of some of the most sought after streets and neighbourhoods in the city:
1. DOWNTOWN TORONTO
Downtown Toronto is the most popular neighbourhood in the city. Famous for its diverse culture and entertainment, it is the ultimate shopping destination in North America. The past few years have witnessed a lot of condo developments in the area, and with good reason.
This location holds most sought-after facilities to get around the city, shop till you drop, and be entertained while you do so. Downtown Toronto is a cosmopolitan cluster right in the heart of the city.
2. BLOOR WEST VILLAGE
Bloor West Village has seen a demand for real estate over the last few years. Close by are significant areas such as Canadian Pacific, Bloor Street West, Runnymede and Jane Street.
It is also situated among the famous shopping destinations in Toronto. Hence, the area attracts people from all over the city to purchase a home here.
Living in the area is moderately reasonable, with residents mostly opting for condos and detached homes.
3. THE ENTERTAINMENT DISTRICT
King West has seen the maximum increase in the level of condos in development in recent years. Owing to its central presence in the city and rich cultural diversity, the nearby Entertainment District is a hot ticket for real estate investors.
The place is an industrial hub. Thus, residents find it convenient to buy condos and experience luxurious living for themselves. The amenities provided in the condos are magnificent.
Toronto’s Entertainment District is known for its cityscape. Having a busy city life, the population here is mostly working professionals. Hence, living in condos means workers benefit from excellent facilities combined with a great location that offers minimum commute times.
4. YORKVILLE
Yorkville is known for its luxury and wealthy living. It is undoubtedly among the most sought-after neighbourhoods in Toronto. Investing in a condominium in Yorkville is a symbol of class and luxury.
It’s close to the busy areas of Toronto like Bloor and Yonge and attracts a huge number of people with its various attractions. In Toronto, Yorkville happens to have the most expensive condominiums. Though, the facilities on offer in these condominiums are beyond your imagination.
Property sales in the area are outstanding, owing to Yorkville’s streets and convenient facilities. The location is home to fantastic world-class restaurants, shopping complexes, and theatres. Hence, finding entertainment in the area isn’t a tough job. It is a perfect commercial destination for any investor.
5. WEST QUEEN WEST
The West Queen West neighbourhood of Toronto is the perfect combination of cool and culture. Here you’ll find multiple art galleries, museums, unique and branded shopping centers, bars, studios, restaurants, cafes, and a whole lot more. The Graffiti Alley and The Drake Hotel are must-see highlights of the area.
6. DISTILLERY DISTRICT
The Distillery District of Toronto has some of the best Victorian Industrial Architecture in Northern America. It has a primary focus on art, culture as well as entertainment. Several festivals are organized around the year in this region.
With several cafes, restaurants and events, Distillery District is an ideal neighbourhood that has almost everything that one could need.
WHY BUY A CONDO IN TORONTO?
Toronto is a vibrant metropolis just waiting to be discovered. The city is the perfect place to live peacefully, work, and enjoy life too. Far from the fast-paced lifestyle and high crimes that exist in other cities in North America, Toronto is a perfect location to own a condominium in.
Overall, living in Toronto offers a better standard of living. This is reflected in the cost of housing which is high, due to the demand and quality of life the city provides.
While living in Toronto comes with a lot of perks, it is essential that you consider your finances before buying a condo here. After all, when starting a new life in Toronto you want to get off on the right foot.
New Condos Toronto – Why You Need To Own One:
Toronto is the economic hub of North America
Huge business developments in the city
Peaceful urban living
It is the Financial Capital of Canada
The diverse population of about 2.8 million
Vast cultural diversity
Aside from these, getting a condo in Toronto is always beneficial due to the vast number of options that you can choose from. You can easily find a new condo development that caters to all your requirements and provides the standard of living that you seek.
The condos in Toronto offer competitive prices. Even though the market is on the rise, the condo pricing in Toronto is competitive due to the various options that are available to residents. Moreover, most of the amenities nowadays are shared, and this reduces the overall cost.
The level of development in Toronto is immense. This, in turn, will help in growing the economy and fuel investments in and around the city. Residents need to do one thing to ensure that they are always on top of this fast-paced market; strategic thinking and purchases are crucial.
Another reason why one should consider condos in Toronto is the location. Almost every condo in Toronto is placed in a great neighbourhood. There are multiple shopping complexes, accessible transportation options, offices, and many other amenities that make the city so ideal.
Every mall in Toronto has the best brands from all across the globe. The healthcare services in the town are also top-notch. Along with the best hospitals, there are the best educational institutes as well. If you need something, living in these luxurious condos will mean that you never have to go far to find it.
Buy a new condo in Toronto today and get an experience of living like none other. It truly is one of the most vibrant and exciting places to call home.
