Top 5 Toronto Neighborhood where prices have risen the most

Yonge And Sheppard

Yonge and Sheppard seem to be more rural than they are. Currently, it is one of North York’s hottest spots for rental properties (condos and houses) and one of the most active markets for the development of investment properties. With a rising population and increasing demand for income properties, it is anticipated to become a hotspot soon because of its position in the far north. The average price of an entry-level house is $1 million, while the average price of a condo is $400,000 or less.

Condo prices in North York rose last year, showing that investors and homeowners are more interested in the area. It’s also easy to go to the Toronto Transit Commission (TTC) since the Sheppard Subway is only a short walk away. The trip to Dundas station on the Toronto subway takes around 25 minutes.

Liberty Village

King Street West runs through Liberty Village, a district known for its vibrant cultural scene. Its proximity to King Street West’s nightlife and fashion galleries is one of the reasons it’s a great investment opportunity.

The streetcars make it possible to get to the financial district in only a few minutes. As a result of the area’s active neighborhood and easy access to public facilities. It has become a popular choice for tenants searching for an inexpensive place to live as their primary home in recent years. In the real estate market, the average condo fee is $415,000. There are over 20 restaurants in Liberty Village, as well as a number of successful art and design studios, making it a great area to live, work, and play.

King West

Toronto’s downtown condo market is not the only location to invest in real estate; there are enclaves around the city that provide many of the same features and benefits as the downtown region. The junction of Yonge and Eglinton is one such intersection. Yonge and Eglinton have many of the same advantages as the downtown core, such as good public transportation, high prices for real estate investments, good infrastructure, and the chance that property values will go up in the future.

Due to its anticipated completion in 2031, the Eglinton Crosstown Light Rail Transit (ECLRT) project is increasing awareness of the intersection of Yonge and Eglinton. The great bulk of it will be buried, making it easier for Toronto residents to move about the city.

Even so, young families like the area because it is close to some of Toronto’s best schools, restaurants, and new office space. Expect a variety of real estate investments, ranging from single-family houses to condos. In recent years, the resale value of several condo complexes along Yonge and Eglinton has surged. The current median price of an entry-level condo is $1,300,000, while the median price of a condominium is $500,000. Therefore, investment properties are a viable option.

Yonge and Eglinton

Historically, Toronto’s downtown was the only place to invest in condos, but there are now communities outside of downtown that provide the same amenities and advantages as downtown. Yonge and Eglinton is one of these intersections. Compared to the downtown region, Yonge and Eglinton have excellent transportation, high real estate investment values, excellent infrastructure, and the possibility of a future increase in property prices.

The continuing development of the Eglinton Crosstown Light Rail Transit (ECLRT), scheduled for completion in 2031, is one of the factors attracting increased attention to Yonge and Eglinton. Future investors can expect a variety of real estate investments, from single-family houses to condominiums. In the last several years, condo resale prices in the Yonge and Eglinton area have been solid. The average price for an entry-level home is now $1.3 million, while the average price for condominiums is $500,000.

Yorkville

Yorkville is situated west of Yonge Street and north of Bloor Street. It has one of the most luxurious retail areas in Canada, as well as expensive restaurants and hotels of the highest calibre. In addition to being renowned for its upmarket retailers like Burberry and Bulgari and luxury hotels such as the InterContinental, the region is also home to the headquarters of worldwide firms such as IBM and Twentieth Century Fox. Therefore, it is not surprising that the average cost of an entry-level condominium is $740,000. Yorkville is a well-known place where investments are sure to make a lot of money.

CityPlace, located west of Bathurst Street, has a canoe landing park. Its location in Downtown Toronto, which is just a few minutes’ walks from Toronto’s financial district, is seen as one of its best features. It makes it easy to get to at any time of the day. This neighborhood has been one of the most rapidly developing and maturing throughout the years, characterized by a rising population and an infusion of businesses and services. It is a very accessible place since it is located between the Gardiner Expressway and Union Station. It is close to King Street West and Liberty Village, attracting residents who travel every day to Toronto’s financial centre.

Sources:
https://wowa.ca/toronto-housing-market
https://buttonwood.ca/best-places-to-invest-in-real-estate-in-toronto/
https://trreb.ca/files/market-stats/housing-charts/TREB_Housing_Market_Charts-April_2022.pdf