Situated on the northwestern shores of Lake Ontario, Toronto is the anchor of the Golden Horseshoe—an urban stretch that includes Niagara Falls, Waterloo, Guelph, Hamilton, and Durham Region. The Golden Horseshoe is Canada’s most industrialized region, encompassing an area of 7 million people. And the City of Toronto is at the heart of this prosperous area. Toronto is the capital of Ontario and is currently the largest city in Canada with an impressive population of about 2.8+M. This city is very attractive to individuals moving to Canada due to the multiple opportunities for career advancement that are made available to them.
On top of that, Toronto is a common city of choice when international events need to be hosted. It should be of no surprise that Toronto's real estate market is monstrously competitive.
With hundreds of thousands of well-educated and high-achieving individuals looking to make their mark in this city, people are willing to do what it takes to get the best homes for themselves and their families.
One of the nice things about Toronto is that the state of the real estate market tends to be consistent depending on the district that you are looking at. Toronto consists of 4 main sections, each spanning multiple districts and neighbourhoods: Old Toronto (a.k.a. Downtown Core), Etobicoke, North York, and Scarborough.
The Downtown Core is home to several high-end condos (low-rise and high-rise), with many more under development. If you are a student, you will also be pleased to find many rental apartments that are within walking distance of your university/college campus. Be warned, as these homes are known to be very costly! The convenience of where these homes are located makes it one of the hottest housing markets in the country.
Etobicoke is home to many suburb homes that are better suited for smaller families. Expect to find many semi-detached homes and townhouses, with the occasional bungalow and mansion-sized house for those that are able to afford it. With multiple suburban developments underway, this area will see an influx of new residents over time.
Scarborough tends not to have many homes available, and for good reason. These are giant homes that occupy multiple beds and bathrooms, in addition to having massive property spaces that allow for amenities such as pools and tennis courts to be built at the owner’s discretion.
North York possess the most diverse range of houses out of all the districts, offering homes ranging from smaller apartments and condos to larger suburb-like homes. The competitiveness of the housing market will vary depending on the region that you choose to live in.
Toronto is home to the University of Toronto, York University, and Ryerson University. The University of Toronto is internationally recognized as one of the top research universities in the world, and is amongst the Top 3 universities in Canada when it comes to its medical school. York University offers the only space engineering program in Canada for its students, and Ryerson University tends to be well known for its prestigious business school.
As for elementary schools (K-8), there are roughly 450 public schools currently registered under the Toronto District School Board. Boasting one of the most highly educated populations in the entire world, Toronto is no stranger to the idea of valuable education at an early age.