Toronto exists to date as one of the largest cities in Canada, with a population of about 2.7 million people. You can find it on the map sitting towards the northwestern side on the shore of Lake Ontario. Its location is truly an asset for Toronto because it helps diversify the economy, including technological services, financial benefits, the telecommunications industry, and production. The education system is also well-equipped and ranks one of the best in the country.
Image by Dimitris Vetsikas
Let us now begin our quest in understanding how real estate works in Toronto and what factors you need to consider to prevent you from jumping the gun. Continue reading to know more about real estate listings and any information that might come in handy for a good, lasting purchase.
Neighborhoods
Perhaps the best part about this city is the diverse neighborhoods and communities that it hosts. For example, the Annex neighborhood is home to some of the grandest homes you can find in all of Toronto. These mansions feature antique Victorian-era homes that now retail as apartment complexes available for sale or rent.
On the other hand, Yorkville gets known for being one of the most luxurious areas of Toronto. It features two-story homes ideal for single families that retail for an average price of $900,000 to $1.1 million.
Schools
Toronto has some of the best schools across Canada that go over 100 public elementary institutes and high schools and many private facilities for people of all ages. Universities offer programs in all fields, from law and medicine to engineering, business, and many others.
It also has the best financial division in Canada, which ranks as the second-largest in North America. The city attracts worldwide talent and aspiring artists who wish to pursue their careers here.
Transportation
Toronto’s transportation facilities include an extensive transit system with buses, streetcars, and subways. It remains open for customers seven days a week and operates in some of the busiest stations in Toronto, such as Union Station, Kennedy Station, and Downs view Park.
Most people prefer public transport because the city faces frequent onslaughts of traffic all day. Therefore, parking can be tricky to find. Another mode of transport used by many is biking or walking on foot. For this reason, you can often see bikers cycling over bike lanes that exist all around downtown. Other facilities include bicycle station spots and bike-share stations for those who wish to park and take a mini water break.
When it comes to air travel, you can find the airport in Toronto located just 20 minutes away from the city center, making it one of the busiest airports in all of Canada.
Things To Do In Toronto
Before looking into the listings for Toronto Homes For Sale or renting out a place for yourself, perhaps your top priority would be to know what exactly Toronto has to offer. You might want an overview of what the city hosts for entertainment or eat-out spots. For this reason, you can find some of Toronto’s famous locations listed below.
Ripley’s Aquarium
What is most striking about this aquarium is that it has over 40,000 sea creatures, including sharks and stingrays. The incredible variety of aquatic life that the place has in store for you will surely keep you coming back for more.
Toronto Island Park
Toronto Island Park might be your go-to spot for a picnic with family, especially if you have a house full of kids. Now enjoy several activities with your loved ones, including cycling, exploring wildlife, or just hiking around for a change. You can now access the islands by ferry that take you to the most scenic spots you can dream of.
CN Tower
The CN Tower has got to be one of the most well-recognized landmarks of Toronto. It stands over 550 meters and gives breathtaking 360-degree views all over the city and beyond, including one of its kind revolving restaurants.
St. Lawrence Market
Toronto’s St. Lawrence Market might be your best spot to spend a peaceful afternoon while at the same time giving you the best opportunity to grab something fresh right off the food stands on your way back.
Royal Ontario Museum
The Royal Ontario Museum is another highlight of Toronto that we must not ignore. It signifies the city culture, where people can learn about facts, from Canadian art to dinosaurs and much more. Renovation is still in progress at the museum, and upcoming facilities include new exhibits in several fields of interest, such as fashion and cultural music.
Conclusion
Real estate can be tricky if you do not weigh your pros and cons before arriving at a decision. However, carefully analyzing and patience will finally get you there and get you the place that you always wished to achieve. In a world full of choices and endless places to choose from, perhaps this can be an overwhelming decision, but finding a good broker might help you get started. Make sure also to look up other characteristics like weather changes and time differences!
