Toronto Real Estate Overview

Quick Facts

Toronto's real estate market is booming. There's no shortage of condos, houses, and townhouses on the market here. According to the most recent Toronto Real Estate Board report, the average home selling price was $769,100 for September 2014, which is up 9.24 percent from September 2013. The most popular area for real estate is the downtown centre, which stretches from the lakeshore and the landmark CN Tower up to the historic University of Toronto campus. Other growing neighbourhoods include the Etobicoke area to the west, Scarborough to the east, and North York to the north.

Toronto Population (2011)2.6 M
5 Year Population Change4.5%
Number of Homes in Toronto1.1 M

Data source: Statistics Canada

Why Buy a Home in Toronto?

Toronto is a vibrant and diverse cultural hub. It recently surpassed Chicago as the fourth largest city in North America, and it frequently ranks near the top of lists of the world's best cities. Torontonians love the city's multicultural landscape, the friendly atmosphere, the variety of shops and amenities, and the never-ending list of things to do. Toronto is a place where everybody belongs. It has large East Asian, South Asian, European, and African populations, and hosts one of the world's largest Gay Pride parades. It's also family friendly, with a number of schools to choose from and a low crime rate.
Explore Toronto's Rich Cultural Heritage

Toronto was founded by British settlers in the late 18th century. Originally named York, it was an important battleground during the War of 1812 with the United States. The settlement of York was incorporated as a city and renamed Toronto in 1834. Since then, it's grown to become the largest city in Canada, as well as its commercial capital. Toronto is a cosmopolitan centre and a popular destination for immigrants -- nearly half of its population was born outside Canada. Toronto's cultural diversity is a source of pride for the city, which it regularly celebrates in the form of various festivals throughout the year, such as the lively Caribana parade and the Taste of the Danforth food festival.
Getting around in Toronto

Toronto has an extensive public transit system made up of subway and above-ground trains, streetcars, and buses that run on a frequent basis. A number of bus routes run 24 hours a day. Public parking is widely available, and catching a cab is not usually a problem. Cyclists are a common sight in the city as well. For a breath of fresh air, try taking a stroll through one of Toronto's many trails, such as the Waterfront Trail or the Don River Trail. You will also want to check out the city's many parks, including High Park, Christie Pits Park, and Cedarvale Park.
Shopping and Amenities

There's no shortage of good shopping in the city. Two of the largest shopping centres in the city are the Toronto Eaton centre in the heart of downtown and the Yorkdale mall. The trendy Yorkville area is home to high-end designer and boutique shops. Fitness buffs have a wide variety of gyms and sports clubs to choose from, ranging from the popular chain of Goodlife Fitness centres to the more exclusive Royal Canadian Yacht Club. Toronto boasts a large number of schools, as well as three universities. It has the largest public library system in Canada and a vast network of community centres.
Entertainment and Attractions in Toronto

If you're looking for entertainment, Toronto is the place to be. Sports fan? Why not watch the Toronto Raptors shoot some hoops at the Air Canada Centre, or cheer on the Toronto Blue Jays at the Rogers Centre stadium. If theatre's more your thing, you can catch a musical at the Princess of Wales theatre in the Entertainment District. Make sure to find time to check out the Royal Ontario Museum and the Art Gallery of Ontario for their world-class exhibits. If you have children, you can bring them along to the Toronto Zoo or to Canada's Wonderland theme park. Whatever your definition of fun is, you're sure to find it in Toronto.