With its wholesome development of neighborhoods which offer everything at ease and support a great lifestyle, it is no surprise that Toronto ranks high in the list of best cities to live in the world.
With its soaring condo buildings and well-networked transit system, new condos in Toronto are in prominent demand. Living in Toronto comes with many benefits like ease of communication, real-estate market, and many other factors. Explore everything about living in Toronto.
EXPANDING ITS HORIZON
The capital of Ontario, Toronto, is the most populated city in Canada because of the vast arena of spheres that it covers. It is a bustling center of business, finance, entertainment, arts, and culture.
People with big aspirations, often move here to achieve their targets and live their dreams and the city welcomes them with open arms. This has led many real estate companies like Tridel to construct and develop new condos in Toronto with the latest amenities and comforts.
The condos being built in Downtown Toronto are abundant in all aspects, whether it is the location, the facilities, or the neighborhood. They are undoubtedly turning out to be the right investment choices amongst the homebuyers in the real estate sector of the city.
A SLICE OF REAL ESTATE IN TORONTO
The options available in a city like Toronto for residing are aplenty. With a large population of young students and professionals, condos in Toronto are becoming vastly popular. About 93-95% of properties that are on sale in the busy city are new condo developments. Townhouses and buildings also account for a small part in the real estate of the place.
Several luxuries and amenities offered by the condos in Toronto attract a massive 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 high popularity among the real estate buyers.
Whether it is lush architecture, world-class gym facilities, spacious open balconies or swimming pools, condos in Toronto have it all. This attracts a lot of homebuyers in the city.
TORONTO REAL ESTATE: A SMART INVESTMENT
When it comes to architectural development, Toronto has seen large real estate developments in the past few years. A lot of renowned structures were completed about a decade ago. This led to building Toronto into a popular location, and this has made it experience a lot of condo developments.
Undoubtedly, Downtown Toronto happens to catch the eyes of all! The condominiums (especially the new ones on sale) in the area are amongst the talk of every resident in Toronto. In the real estate industry, it is also being said that by the end of 2019 or 2020, Toronto will be a place having world’s most high-rise and top-notch condos for sale.
While the prices in the real-estate market are on a constant surge, there are offseasons too. The season of spring and fall is the time to capitalize if you are a buyer. The rise during this period is inevitable, and more buyers are competing for properties. On the other hand, if you are looking to buy a condo in Toronto, there won’t be a better time than the winter. 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.
But, of course, 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 real estate in Toronto, capitalize at the first chance that you get.
THE YOUNG AND DYNAMIC WORKING POPULATION
Toronto is a house to youth and working professionals, mainly in the age of 20-35. This makes it an excellent location for real estate growth and condo development. New condos in Toronto pre-construction has witnessed a remarkable rise in the last five years.
A RICH HAVEN OF CULTURES
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 an individual.
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. Hence, new condos in Toronto are coming up slowly to make it reach a new level when it comes to real estate.
ENTERTAINMENT IN TORONTO
When it comes to a place like Toronto, entertainment can never be an issue. The city houses amazing five- star restaurants and hotels. One can binge on some splendid delicacies offered at the fine dining restaurants or enjoy the authentic street food of North America.
The place also has some fantastic theatres to catch up on the latest movies. One can also enjoy the beautiful city of nightlife in Toronto. The bars present at the location catch a lot of crowds and are a hit amongst the youth staying in Toronto.
The weekends can be spent in the suburbs in the neighborhood of the city or enjoying water sports offered at various exciting locations in Toronto. Shopping streets in the city are also trendy.
There is an area in Toronto by the name of The Entertainment District. Multiple performances take place in this area regularly. Festivals, arts, sports, and various other attractions are quite common. Moreover, you can easily spot a celebrity in this region. The area has placed such as the CN Tower, Ripley’s Aquarium of Canada and many nightclubs to ensure that the people have an enjoyable time in the region.
HEALTHCARE IN TORONTO
The healthcare sector in Toronto is quite well established. There several big-city hospitals offering all the top-class medical facilities to its patients. Mount Sinai Hospital and St. Joseph’s Health Centre are amongst the top hospitals in the city. The doctors available at the medical centers are highly qualified and experienced and offer excellent treatment to the patients.
EDUCATION IN TORONTO
Being among the most populated cities in North America. The city has a lot of secondary as well as post-secondary educational institutions. The city’s educational standards are quite high. The credit for this goes to its overall development in all the spheres in the past few years.
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 institutes, schools and colleges for every sector of society. The city also has several public and private schools where the young generation to learn new things.
The place is slowly becoming an educational hub. There are several private and international schools in Toronto offering quality education to the students. Humber College and Seneca College are amongst the two top-rated colleges for higher education in Toronto.
TRANSPORT AND CONNECTIVITY
Toronto happens to be amongst the most populous and easily accessible cities in North America. The significant population of the city makes use of the Toronto Transit Commission, that is, TTC to access the places around the city. A vast number of options like buses and streetcars are available to reach the locations in the city. The TTC maps lining the city are an excellent tool for everyday travel in the city.
THE PATH SYSTEM
Availability of the PATH system in the city makes connectivity even better! It is accounted to be the most extensive underground pedestrian walkway in North America. You name a place in the city, and it is connected via the PATH system.
Be its’s parking garages, restaurants, railway terminals or the stations. You can find your way through to any of these with the system. The different colors of the letters in “PATH” symbolizing different colors, making it easier for the public to reach their desired locations.
BUSY SUBWAY LINES
Bloor- Yonge station tops the list of most active subway lines in the country. Thus, making a significant contribution to the transit facilities in the city. Situated at the junction of Bloor Street and Yonge Street, it is responsible for carrying hundreds of thousands of passengers back and forth across the city.
Streetcars, taxis, and buses are always an option
There are several options one can take to reach places. Taxis and buses are also standard amongst the public for travel. Downtown Toronto taxis are very commonly observed.
WATERFRONT IN TORONTO
This area is one of the finest you could find in North America. With the ultimate revitalization going, Toronto is attracting a lot of homebuyers to itself. Newer condos are being built with each passing day, and Toronto is making its way into the top luxury living cities in the world.
POPULAR NEIGHBORHOODS IN THE CITY
Toronto is home to luxury living. There are a lot of lovely livelihoods in the city which attract a huge population into buying the condos available in the city. While some regions are famous for their shopping streets, some are known for their cityscapes and transportation.
Below is a list of some of the most sought after streets and neighborhoods in the city:
1. DOWNTOWN TORONTO
Downtown Toronto happens to be the most popular neighborhoods in Toronto. 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.
The place holds most sought-after facilities to travel around, shop around, and get the best entertainment. It is a cosmopolitan cluster built in the city. Known for its culture and art, the place catches the eye of homebuyers well. Thus, enhancing its real estate sector. The living and accommodation in the area comprise of condos majorly.
2. BLOOR WEST VILLAGE
Bloor West village has seen a real estate rise over the last few years. Bordering the place are significant areas like Canadian Pacific to its north, Bloor Street West on its south and Runnymede on its east while Jane Street occupies the west.
It is also amongst the famous shopping destinations in Toronto. Hence, the place attracts people from all over the city to purchase real estate here and make a living for themselves. The living in the area is moderately reasonable, with population opting for condos and detached homes in a majority.
3. THE ENTERTAINMENT DISTRICT
King West has seen the maximum elevation in the number of condos in development in recent years. Owing to its central presence in the city and rich cultural diversity, the place attracts a lot of real estate investors.
The place is an industrial hub. Thus, the population finds it convenient to buy condos and have a luxurious living for themselves. The amenities provided in the condos are magnificent. The area is known for its cityscape. Having a busy city life, the population here is mostly working. Hence, living in condos offers them the facilities that help them stay stress-free amongst their busy work life.
4. YORKVILLE
Yorkville is known for its luxury and wealthy living. Hence, Yorkville undoubtedly happens to be among the most popular and dream neighborhoods in Toronto. Owning a condo in a place like this is considered to be a huge thing. Investing in a condominium in Yorkville is a symbol of class and luxury.
Being close to the busy areas of Toronto like Bloor and Yonge, the area happens to attract a huge population and is a hub for the youth of the city. In Toronto, Yorkville happens to have the most expensive condominiums. Though, the facilities on offer in these condominiums are also beyond your imagination.
The real estate sales in the area are outstanding, owing to its streets and conveyance facilities. The luxurious lifestyle of the place has always attracted a huge population to invest in its real estate. 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.
5. QUEEN WEST
The west queen neighborhood of Toronto is one of the coolest in the world. There are 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 the highlights of this area.
6. DISTILLERY DISTRICT
Distillery District of Toronto has some of the best Victorian Industrial Architecture in Northern America. The place has a primary focus on enhancing the art, culture as well as the entertainment. Several festivals are organized around the year in this region. Moreover, one can find almost every franchise and brand here. With several cafes and restaurants and events, Distillery District is an ideal neighborhood which has almost everything that one could need.
WHY BUY A CONDO IN TORONTO?
Toronto is a complete place! It is a small world of its own. The city is perfect to live peacefully, work, and enjoy life alongside. Away from the rush and crimes that exist in other cities in North America, Toronto is a perfect location to own a condominium in. It is a place full of new adventures, excitement, and joy. Living in Toronto will mean a better standard of living. The cost of real-estate is high in the city.
However, you will easily be able to take full advantage of the money you spend here for a living. Therefore, while living in Toronto comes with a lot of perks, it is essential that you recalculate your finances beforehand. When you are starting a life in Toronto, you want to start on the right foot.
Why you need to own a condo in Toronto:
It 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 cost of production.
There might not be a better-developed town than Toronto. The rate at which infrastructure and condo developments are increasing is quite a surprise. This, in turn, will help in growing the economy and better investments in and around the town. 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 search for condos in Toronto is the location. Almost every condo in Toronto is placed in a great neighborhood. There are multiple shopping complexes, accessible transportation options, offices, and many other amenities that everyone needs. 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.
Buy a new condo in Toronto today and get an experience of living like none other! Own a condo here and consider yourself lucky to be a part of the developing real estate worldwide.
