Is it a good idea to move to Toronto? We think it’s a no-brainer. It’s obvious that Toronto’s a world-class city. But living in a world-class city comes with a price — Toronto’s expensive! Be prepared for higher living expenses and long commutes, depending on where you live. If you’re strategic in your choices, however, building a life in the City of Toronto can be extremely rewarding and fun! Find out more now!
Following a brief pause in the midst of the 2008 financial crisis, the Toronto housing market — buoyed by a combination of low mortgage rates, low inventory, strong immigration, and suspected foreign speculation — continued a long run of precipitous growth. For perspective, if you bought a home in the city of Toronto in 2010, the value of that same home today has increased by at least 150%! A big part of this long-term gain has come most recently as the average sale price of a home in Toronto has increased by a staggering 40% since May 2020.
We all love Yonge and Bloor. But what about the rest of the Toronto neighbourhoods? Take a closer look at our favourite neighbourhoods that make up this famous cosmopolitan hub, and see which diverse areas top your list.
Searching for affordable housing in Toronto? Buckle in! With low vacancy rates and a heated real estate market, getting an apartment in Toronto takes creativity, flexibility and quick action. Prepare yourself for the hunt with our guide on moving in Toronto’s challenging housing market.