What to Consider When Choosing a Neighbourhood in Toronto - Real Estate 101

by Zumin Real Estate Centre

There are over 200 neighbourhoods, official and unofficial, in Toronto. That makes it quite a challenge to pick the next one you will want to live. Some areas are predominantly middle-income. There are those that are ethnically diverse, while other areas are much more suburban in nature. There are also neighbourhoods that have dense and mixed-use streets.

Here are some things you need to consider if you’re planning to move and choose a new neighbourhood in Toronto:

 

Types of homes

You probably have something in mind about what type of house and lot you want, so this is one of the primary considerations. Look at whether the houses are mostly detached, semi-detached, townhouse, bungalows, or two to three-stories. You may also want to consider the styles of the houses. There are Victorians, Georgians, art deco, and more that you can find in Toronto.

 

Neighbourhood’s phase of development

Consider the development phase of a neighbourhood. Determine whether it is still in the early stages, up and coming, or already there. Maybe it is yet to be discovered, or there are several development projects in the pipeline.

 

Types of neighbours

There are different types of people you will encounter in the neighbourhood. Think about what you want for a neighbour. You may prefer peach and quiet and keep to yourself, or you may want to be part of a close-knit community with lots of activities. Consider demographics, diversity, and culture.

 

Convenience

For many people, convenience is a huge factor. You may want a neighbourhood that has easy access to major establishments, such as grocery stores, farmer’s markets, restaurants, cafe, shopping malls, fitness centres, gas stations, and hospitals.

 

Liveability

Is the neighbourhood suitable for living? Look at the nearby transit options, daycare and schools’ availability, green spaces like parks, dog-friendliness, parking, safety, and even sunshine and exposure.

 

Home prices

Of course, you must consider the prices of homes in the neighbourhood and whether or not they are within your budget. Compare the prices in other neighbourhoods and determine the buyer demand.

 

Neighbourhood issues

Know about the quirks and issues that go around the neighbourhood. Are there nearby train tracks or industrial factories that can be distracting? If there are termites, floodplain, and rodent issues, you ought to know. Being aware of the potential problems you may encounter in the neighbourhood can affect your choices.

 

Conclusion

There are many great neighbourhoods you can choose from in Toronto. Your personal preferences will take a significant part in the things you should consider when choosing the next neighbourhood you want to live in. You may not have it all, but if you look carefully, you will find the best one for you and your family.

If you’re looking to buy real estate in Toronto, get in touch with us today – we’re happy to help you find a property that suits you.