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04/27 - Buying, Investing

Investment Talk: The Best Place to Buy a House in Toronto?

Where Should I Invest in Real Estate in Toronto in 2023?

When looking for the best place to buy a house in Toronto, there are many factors to consider. Toronto is a diverse and vibrant city with various neighbourhoods, each offering its unique character and amenities.

If you’re considering investing in Toronto real estate, you’re in luck – the city is full of neighbourhoods with great potential for growth. However, with high demand and soaring housing prices, finding an affordable property in a promising area can be a challenge. That’s why we’ve put together a list of our Top Six Toronto neighbourhoods that offer both more palatable price points and future upside potential. From up-and-coming areas that are still under the radar to well-established neighbourhoods that are poised for growth, there’s something for every budget and investment strategy on our list. So whether you’re looking for a rental property, a fixer-upper to flip, or a long-term investment in real estate, read on to discover some prime Toronto neighbourhoods to get to know better!

To kick things off, it’s important to keep the following factors in mind as you search for the perfect location to acquire a house in Toronto:

  • Budget
  • Neighbourhood
  • Proximity to Work & Schools
  • Amenities
  • Public & Private Schools
  • Future Growth & Neighbourhood Development
  • Property Taxes & Utility Costs
  • Crime & Safety Rating
  • Community & Demographics
  • Resale Potential

By carefully considering these factors, you can start to narrow in on the best place to acquire a house in Toronto that suits your needs and preferences while also considering your financial investment, upside potential and appreciation. It’s also a good idea to consult with an experienced real estate team who are familiar with the local market & neighbourhood statistics in Toronto to ensure you’re making an informed decision.

Investing in Toronto real estate can be a worthwhile endeavour, but it depends on your financial goals, risk tolerance, and market conditions at the time of investment. Toronto has historically been one of Canada’s most attractive real estate markets due to its strong economy, job opportunities, diverse population, and high demand for housing. However, it’s essential to carefully consider the following factors before diving in:

  • Market Conditions
  • Long-term vs. short-term investment:
  • Location
  • Diversification
  • Cash Flow (if a rental property)
  • Property Management
  • Market Knowledge
  • Financing
  • Risk Tolerance
  • Potential Exit Strategy

Real estate investment opportunities abound in the dynamic and diverse city of Toronto. With a thriving economy, growing population, and high demand for housing, Toronto offers various neighbourhoods and property types to suit different investment strategies. Whether you’re new to real estate investing or an experienced investor looking to expand your portfolio, our guide will explore some Six Top Neighbourhoods to consider when deciding where to invest in Toronto’s real estate market (for the long term)!

By leveraging our extensive market knowledge and experience, we hope to provide valuable guidance on the most promising neighbourhoods and opportunities in Toronto’s ever-evolving real estate landscape in 2023:

1/ C03 – Oakwood Vaughan

Nestled in the heart of Toronto, the C03 – Oakwood Vaughan neighbourhood is steadily gaining popularity as an ideal place to live, invest in real estate, and experience future growth. Boasting a rich history, diverse community, and convenient access to the city’s amenities, Oakwood Vaughan is quickly becoming a top choice for Toronto home buyers and investors alike. Here are five key reasons why this dynamic neighbourhood should be on your radar:

Oakwood Vaughan’s central location within Toronto makes it a convenient place to call home. Its residents enjoy easy access to major arterial roads like Eglinton Avenue West and Dufferin Street, ensuring seamless connectivity to other parts of the city. The neighbourhood is also well-served by public transit, with several bus routes and the future Eglinton Crosstown LRT line enhancing its accessibility even further. This prime location is a significant selling point for both families and professionals seeking the perfect balance of city living and peaceful retreats.

Despite its central location, Oakwood Vaughan offers relatively affordable real estate compared to many other Toronto neighbourhoods. This affordability, combined with the area’s strong potential for growth and development, makes it an attractive option for first-time homebuyers, seasoned investors, and those looking for a wise long-term real estate investment in Toronto. Property values are expected to rise as the neighbourhood continues to gain recognition and popularity, creating significant upside potential for early investors.

Oakwood Vaughan is home to a culturally diverse community, offering a tapestry of different backgrounds and experiences. This cultural richness is reflected in the neighbourhood’s eclectic mix of shops, restaurants, and community events. The area is known for its vibrant arts scene, with galleries, studios, and performance spaces dotting its streets. This unique blend of cultures and experiences fosters a strong sense of belonging and inclusivity among residents, making Oakwood Vaughan a welcoming place to call home.

Families will appreciate the range of high-quality schools available in the Oakwood Vaughan area, from public and Catholic schools to alternative and specialized programs. The neighbourhood also features several parks and recreational spaces, such as Oakwood Park and Cedarvale Park, providing ample outdoor fun and relaxation opportunities. With its family-friendly environment and strong community ties, Oakwood Vaughan is an ideal place to raise a family.

The ongoing construction of the Eglinton Crosstown LRT line is expected to significantly improve Oakwood Vaughan’s accessibility and desirability. Upon completion, this new transit line will connect the neighbourhood to the broader GTA more efficiently, driving further growth and development. This anticipated increase in accessibility will likely lead to a rise in property values, making now an excellent time to invest in Oakwood Vaughan real estate.

Oakwood Vaughan is a promising neighbourhood with a perfect blend of location, affordability, cultural richness, and family-friendly amenities. Property values are poised to increase as the area continues to develop and benefit from crucial infrastructure improvements like the Eglinton Crosstown LRT, making Oakwood Vaughan an excellent choice for those seeking a wise real estate investment in Toronto with significant upside potential. Don’t miss your chance to be part of this thriving Toronto community!

Average Index & Benchmark Pricing, March 2023

Detached: $2,045M
Semi-Detached: $1,297M
Townhome: N/A
Condo: $863K

2/ W03 – Caledonia Fairbank

The W03 – Caledonia Fairbank neighbourhood in Toronto is truly a hidden gem. This vibrant and diverse community has quickly become a sought-after location for those looking to invest in real estate in Toronto and enjoy an exceptional quality of life. With its charming streets, lush green spaces, and convenient amenities, it’s no wonder that Caledonia Fairbank is gaining recognition as an excellent investment opportunity in Toronto with significant upside potential down the road. Here’s why:

Caledonia Fairbank is ideally situated in Toronto’s west end, providing easy access to major highways like the Allen Expressway and Highway 401. The neighbourhood is also well-served by public transportation, with several bus routes running through the area and connecting to the subway system. This excellent connectivity means residents can quickly commute to downtown Toronto or other parts of the Greater Toronto Area (GTA), making Caledonia Fairbank an ideal location for professionals and families.

The real estate market in Caledonia Fairbank offers a range of housing options, from charming single-family homes to modern condominiums. Despite its growing popularity, the neighbourhood remains relatively affordable compared to other areas in Toronto. This affordability, combined with the area’s substantial potential for appreciation, makes Caledonia Fairbank an attractive option for first-time homebuyers, investors, and those looking to upsize their living space without breaking the bank.

Caledonia Fairbank is home to a diverse and tight-knit community that welcomes newcomers with open arms. The neighbourhood is rich in culture, with various ethnic cuisines, local shops, and community events that foster a strong sense of belonging. The area’s community centers and schools are highly regarded, making it an excellent choice for families looking to establish roots in a supportive and inclusive environment.

One of the most appealing aspects of living in Caledonia Fairbank is the abundance of green spaces and recreational facilities. The neighbourhood has several parks, including the expansive Earlscourt Park, which features sports fields, playgrounds, and a community garden. The West Toronto Railpath, a popular multi-use trail, also runs through the neighbourhood, providing residents with a scenic route for walking, jogging, or cycling.

Caledonia Fairbank’s location near the future Eglinton Crosstown LRT line will significantly improve the area’s accessibility, making it an even more attractive destination for homebuyers and investors. The anticipated completion of the LRT line is expected to drive further growth and development in the neighbourhood, increasing property values and enhancing the quality of life for residents.

Caledonia Fairbank is an excellent choice for those purchasing real estate in Toronto. Its strategic location, affordability, vibrant community, and access to green spaces make it a desirable place to call home. With the added benefit of significant upside potential due to future developments, now is the perfect time to invest in real estate in this thriving Toronto neighbourhood.

Average Index & Benchmark Pricing, March 2023

Detached: $1,039M
Semi-Detached: $1,01M
Townhome: $890K
Condo: $583K

3/ W06 – Alderwood

Alderwood is a small neighbourhood in southwestern Toronto and is quickly gaining recognition as a smart choice for real estate for end-users and investors alike!

Alderwood is well-connected to Toronto’s downtown core and other parts of the GTA, with easy access to major highways, such as the Gardiner Expressway and Highway 427. Public transit options, including the TTC and the nearby Long Branch GO Station, further enhance the neighbourhood’s accessibility.

Compared to other areas in Toronto, Alderwood offers relatively affordable real estate options, ranging from charming single-family homes to contemporary townhouses and condos. This affordability makes it an attractive option for first-time homebuyers and investors looking for promising long-term returns.

Alderwood is an ideal place to raise a family, with numerous high-quality schools, parks, and recreational facilities, such as the Alderwood Pool and the Etobicoke Valley Park. This family-friendly atmosphere contributes to the neighbourhood’s desirability and potential for growth. It feels like the kinda community we grew up in!

The neighbourhood is known for its abundance of green spaces, including the scenic Etobicoke Creek Trail, which offers residents the opportunity to enjoy outdoor activities, such as walking, cycling, and bird-watching, in a serene natural setting.

Alderwood is experiencing significant revitalization, with new residential and commercial developments in progress. This ongoing growth, combined with its affordability and accessibility, is expected to drive demand for real estate and increase property values over time.

Alderwood is a wise choice for real estate investment in Toronto due to its strategic location, affordability, family-friendly environment, and ongoing revitalization efforts. As the neighbourhood develops and gains recognition, it presents a significant upside potential for investors and homebuyers seeking long-term growth and value appreciation.

Average Index & Benchmark Pricing, March 2023

Detached: $1,331M
Semi-Detached: $1,121M
Townhome: $1,02M
Condo: $583K

4/ E03 – Broadview North

As a real estate investor in Toronto, there are several compelling reasons to consider E03 – Broadview North as an ideal place to settle down. This thriving neighbourhood offers a perfect blend of location, amenities, and community appeal.

Here’s why we think Broadview North should be on your list:

Broadview North’s strategic location provides easy access to downtown Toronto, thanks to its proximity to major roads and public transit options. The TTC well-served the neighbourhood, with both subway and bus routes readily available. This connectivity makes it convenient for professionals who commute to work and families that require accessible transport options.

Broadview North is known for its picturesque setting along the Don Valley. With the Don River running through it, the area boasts beautiful green spaces and parks, such as Riverdale Park East and Todmorden Mills Park. These natural surroundings provide a serene escape from the bustling city, allowing residents to enjoy outdoor activities and leisurely strolls.

Broadview North is home to a vibrant and diverse community that fosters a welcoming and inclusive atmosphere. With various cultural events, community centers, and local shops, residents can quickly build connections and enjoy a strong sense of belonging.

The area is served by numerous public and private schools, making it an ideal location for families with children. Additionally, Broadview North features essential amenities, such as grocery stores, healthcare facilities, and a range of restaurants and cafes, ensuring that residents have everything they need within easy reach, including the vibrant Danforth Village strip!

Broadview North is an excellent real estate investment option for homebuyers in Toronto due to its strategic location, scenic surroundings, diverse housing options, strong community ties, and access to quality schools and amenities. By settling down in Broadview North, you’ll enjoy a welcoming and community-first neighbourhood that offers both the conveniences of city living and the beauty of nature at your doorstep.

Average Index & Benchmark Pricing, March 2023

Detached: $1,391M
Semi-Detached: $1,28M
Townhome: N/A
Condo: $625K

5/ W04 – Brookhaven-Amesbury

If you’re looking to invest in a home in Toronto, Brookhaven-Amesbury is a neighbourhood that should definitely be on your list. This charming and vibrant area offers an ideal combination of accessibility, affordability, and community appeal. Here are some reasons why Brookhaven-Amesbury is worth considering as your future home:

Brookhaven-Amesbury is situated in Toronto’s west end, offering easy access to downtown and other parts of the city. The neighbourhood is well-connected to major highways, such as Highway 401 and Highway 400, and is served by several public transit options, including TTC buses and the nearby subway stations. This connectivity makes it an attractive location for professionals and families alike.

Real estate in Brookhaven-Amesbury is relatively more affordable than other neighbourhoods in Toronto, making it an attractive option for first-time real estate investors and those looking for budget-friendly options. The area offers diverse housing styles, from cozy single-family homes to modern townhouses and condominiums.

The neighbourhood boasts many parks, green spaces, and recreational facilities. Residents can enjoy the beauty of Amesbury Park, which features sports fields, playgrounds, and walking trails. In addition, the nearby Humber River offers scenic walking and cycling paths, providing ample opportunities for outdoor activities and relaxation.

Brookhaven-Amesbury is known for its welcoming, family-friendly atmosphere. The area is served by various high-quality schools and community centers, making it an excellent choice for families with children. Furthermore, the neighbourhood’s strong sense of community fosters a supportive and inclusive environment for all residents.

The neighbourhood has essential amenities like grocery stores, restaurants, cafes, and healthcare facilities. Additionally, Brookhaven-Amesbury is close to shopping centers like Yorkdale Shopping Centre and the big box stores along the North York strip, ensuring that residents have convenient access to everything they need.

Brookhaven-Amesbury is an excellent option for homebuyers in Toronto due to its strategic location, affordability, access to green spaces, family-friendly environment, and proximity to essential amenities. By settling down in this charming neighbourhood, you’ll enjoy a high quality of life and a strong sense of community, making it a great place to call home.

6/ E06 – Birchcliffe-Cliffside

If you’re looking to buy real estate in Toronto, Birchcliffe-Cliffside is a neighbourhood that offers a unique blend of natural beauty, urban convenience, and investment potential. Here’s why Birch Cliff should be on your radar when searching for your next property!

One of the standout features of Birchcliffe-Cliffside is its picturesque location along the Scarborough Bluffs. This coastal gem offers breathtaking views of Lake Ontario, providing a serene escape from the bustling city. The area is home to several parks, such as the popular Bluffer’s Park, where residents can enjoy beach access, picnic areas, and walking trails.

Birchcliffe-Cliffside’s location in Toronto’s east end allows easy access to downtown Toronto and the neighbouring city of Scarborough. The neighbourhood is well-served by public transit, including TTC buses and nearby subway stations, making commuting a breeze for professionals and families.

Birchcliffe-Cliffside offers a variety of housing options, from charming single-family homes to modern condos and townhouses. This diversity caters to different preferences and budgets, making finding a property that suits your needs more leisurely.

With numerous public and private high-quality schools, Birchcliffe-Cliffside is an ideal location for families with children. Additionally, the area features recreational facilities, such as the Birchmount Community Centre, which offers a swimming pool, fitness center, and various programs for residents of all ages.

As a neighbourhood that has yet to peak in development, Birchcliffe-Cliffside presents an opportunity for significant growth and appreciation in property values. The area has already begun to attract new residential and commercial developments, which are expected to drive further growth in the coming years.

Birchcliffe-Cliffside is an excellent choice for real estate investment in Toronto due to its stunning natural beauty, strategic location, diverse housing options, family-friendly environment, and untapped investment potential. By investing in Birchcliffe-Cliffside, you’ll be able to enjoy the tranquillity of coastal living while still benefiting from the conveniences of city life and the potential for future appreciation in property values.

Average Index & Benchmark Pricing, March 2023

Detached: $1,275M
Semi-Detached: $1,025M
Townhome: $820K
Condo: $743K

In Conclusion

In conclusion, Fox Marin’s Top Six Neighbourhoods to Discover offer diverse options to suit homebuyers’ unique preferences and needs. From the vibrant and accessible Oakwood Vaughan and Alderwood neighbourhoods to the picturesque settings of Broadview North and Birchcliffe-Cliffside, each area boasts its distinct charm and growth potential. Meanwhile, the family-friendly environments of Brookhaven-Amesbury and the affordability of the centrally-located Caledonia Fairbank make these attractive neighbourhood options as well. By carefully considering the unique strengths of each district, prospective homebuyers can make informed decisions on where to invest in Toronto’s dynamic real estate market, ensuring a bright future and a wonderful quality of life.

Contact Us (We’re Nice).

Kori Marin is a Toronto Broker & Managing Partner at Fox Marin Associates. For high-energy real estate aficionado Kori Marin, a well-lived life is achieved by maintaining an “all-in” attitude that realizes every last ounce of one’s full potential. This mindset has driven successful results in every aspect of her life – from her corporate sales and account management experience to her international travels to her years of fitness training and leadership – and is the hallmark of the exceptional work that she does on behalf of her clients in the residential real estate sector in downtown Toronto.