Toronto Area Real Estate Market: Suburbs vs Downtown

Finding a new home is a big thing. It is a decision that is going to follow you in your life. One of the most important questions here is where you look for the perfect home for you and your family. Toronto area is a big thing and many people are coming here every year. However, this makes everything hard because there are tons of places where you can try your luck. So, we will give you some crucial information you should know about Toronto area real estate market. After that, all you are left with is finding the right movers, like Professional Movers Canada, and you are set. But, first things first!

Downtown Toronto

• Median price: $1,000,000
• Rent: $1100-$4000
• Population: 237,000

The first thing people think of when talking about Toronto is downtown. It is the busiest part of Toronto and a for a good reason. This is the financial district of this whole area and it is only natural that people want to live here. However, you should know that this is an expensive place to live in, especially if you want to buy your own place. It is the actual reason why most people rent their places. It is much easier to pay like this and you can control how much you spend. Naturally, even the rent costs can be higher, depending on how big of a place you want.

Another thing that we should mention here is moving. You should know that moving downtown Toronto is not easy. The constant crowd and cars all around you can make everything more difficult than you would want them to be. It is the reason why you should always get movers Downtown Toronto that can help you out. They know all the little things that can make your move harder so you should get their help!

The Annex

Talking about downtown Toronto can’t go without mentioning the Annex. It is one of the most diverse communities in the whole GTA. Universities, libraries, and big financial centers are a big part of it so it is not that uncommon to see a sea of people every day on the streets. This is a place where you will need around $2,275 for rent. Yes, it is not low but you are getting a lot if you decide to move here. Most residential homes are in Victorian style and that is definitely something the Annex is known for. It will give you a classic residential feel that you will not find anywhere else in Toronto. You are so close to everything but you can still get your dose of peace and quietness.

CityPlace

This is one of those places you think about when mentioning the city of Toronto. It is fully in big skyscrapers and there are people that like this lifestyle. This is relatively a new place since it popped on Railway Lands. This makes it quite new and the good thing is that most real estate you will find here is new and fresh. However, there is a downside to this. The median price value is around $700,000 which is something that not too many people can afford. Also, the rent is anywhere from $2,200-$3,800. It is quite a big number so you will have to pay your dues if you decide to relocate here.

If you still choose to come here, prepare yourself for a diverse lifestyle. You will never be bored here and that is something that many people want to have in their lives. But, you want to have nice GTA movers that move you because you do not want to have any complications when coming to a busy neighborhood like this. You want people that have plenty of experience so that you could have a nice and peaceful relocation process!

Financial District

Now we have come to the big guns. Talking about Toronto real estate can’t go without saying a few words about the notorious Financial District. This is something that all people think about when talking about Toronto. Busy lifestyle, crowds of people every day on the streets, these are just a few things that you need to know. Also, you need to be aware that the price of Toronto area real estate is the highest here. A million, two, or three may be needed if you want to buy yourself a home here.

On the other hand, you can’t go below $3,000 if you want to rent. If this is something that can turn you off, sit back. If you find yourself a nice home, residential movers Toronto for the move and you come here, you are going to be in the center of happenings. This is the equivalent of the Financial District in Manhattan. If you look at it like this, it may be a good option to spend more money to live in the center of everything!

Suburbs of Toronto

Life in the suburbs of Toronto is much more different than in downtown Toronto. Life here is much quieter and much more peaceful. It is the complete opposite of living downtown. That only means that not all people want to live where there are tons of people around them at all times. So, if you are more for this kind of life, then you should learn all about Toronto area real estate market in the suburbs. There are tons of great potential homes for people who want to live alone but also for people coming in with families. So, here are some of the suburbs of Toronto and information that you should have about real estate here.

Oakville

Oakville is a suburb of Toronto with around 200,000 residents. This makes it one of the largest neighborhoods in Toronto. However, this number is increasing each year. This great place was voted the best place to live in Canada in 2018. This statistic alone tells you a great story about it. Also, the employment rate here is pretty high and there is still a big demand for jobs within Oakville. This should make you find your own place within this great neighborhood.

The average income here is around $160,000 which is pretty high. However, before you find your movers Oakville for the move, see the prices of real estate here. The median price of real estate is around $994,000, which is definitely high. On the other hand, if you choose to rent, you will have to pay from $3,500-$5,000. It may be confusing since this is a suburb but it is one of the best. The quality of life is excellent and this is a fairly safe place. You can see why the prices tend to be high here.

Vaughan

Located just up north from Toronto, we have to mention this great place for one reason. It was the fastest growing place in Canada from 1996 to 2006. Real estate investors have recognized the importance of this statistic and there are still many residential places popping up here. Also, due to this fact, some of Vaughan’s important buildings are quite new. For example, the subway station is new and it attracts people from all around Canada here. Also, the educational system here is great so there are many families residing here at the moment. Another great thing is the location. It is very close to other big places like Toronto and you can be there in a matter of minutes. It is quite a big reason to call for movers Vaughan in order to relocate here. Life here is great and you need to have that in mind before moving.

When talking about Toronto area real estate market and Vaughan in particular, if you choose to rent, you will have to pay $1,700-$2,800. This is quite a big thing because you will live in a place that is still developing for an affordable price. On the other hand, the price if you want to buy is around $900,000, give it or take. Buying is definitely more expensive in the short run but everything depends on you and how deep your pocket is. Make sure to choose well!

Milton

Another great place to live in. However, this is not the place for everybody. This is not that big of a place with around 110,000 residents. This is a great place for people with families. People that come here are with families. The big reason why people choose Milton as their new place of living is nature. There is plenty of it here in a form of parks and conservation areas. This is an ideal thing when growing up because you are going to breathe clear air. However, there are some downsides to Milton. Education options are limited at the moment but that is something that should change in the future.

When talking about the real estate market here, things are good for you. The usual rent is about $2,000 or so and you should not have too many problems renting. The great thing is that median home value is lower than the other places on this list and it is definitely a good thing. That means that you can spend that extra money on moving services in Toronto from the moving company that you hire. The value of a good moving company is often underestimated. You want a good moving company, especially if you are relocating with a family. Make sure to choose well so that you could avoid potential complications.

Other locations you should check out

Life in Toronto is great and all. However, as you can see, the price can be too steep for some people. There are some places outside of the city of Toronto that may be suitable for you.

• Aurora – A great thing about Aurora is that it is close to Toronto. You will not need more than 30 minutes in order to get from one place to another. When it comes to Aurora real estate market, it goes from $1,700-$3,500 depending on the location and the condition. This is a smaller place than Toronto, that is for sure. But, it is a great place overall. Just make sure you find good movers Aurora that will give you the chance to start a new life in this great place.
• Burlington – Just 50 kilometers from Toronto, a great place to start your new life. Toronto area real estate market is steep and you want a much more affordable place? Burlington is for you. You can find a home for sale from $500,000-$700,000. We have to agree that this is far more affordable than some homes in the Toronto area. This is a great place for families since most people are family oriented. If you belong to this group, you will be satisfied, we guarantee it. Start your search soon for the perfect home, for the perfect movers Burlington and you will see that you will soon live your life in this great community!
• Brampton – The great thing about the places around Toronto is that they will offer nothing less than what you are getting in Toronto. Except for the mega-city feel. But, people are more aware that this is not something they want anyway, especially if they have a family. The real estate market in Brampton is much different than Toronto area real estate market. It is much more affordable. Renting will cost you $1,500-$2,400, depending on the size and location. Just make sure you make your decision soon because homes are slipping away by the day. Organize your move soon with the help of movers Brampton and get here as soon as you can. Life in Brampton is great and you will see it!

Toronto area real estate market can be handled easier with proper help

When you look for your future home within Toronto real estate, you want to be as prepared as possible. The best way to do this is by finding a good real estate agent with proper experience. You may think that this is easy to find but in the sea of agents, it can be hard to pick out the best one. Make sure you do not rush when doing this because mistakes will not be tolerated since you can pay more than you would want!

Make your pick on the Toronto real estate and start a new life here!

This is a thorough look at the Toronto area real estate market you should be familiar with if you want to live here. As you can see, some places are cheaper, some are more expensive. The key thing is to work with a reliable agent so that you could find what you really need. Also, you should not forget about the moving process because a lot depends on it too. You want good midtown Toronto movers that have the ability to relocate you without any complications. All of this requires time so make sure you have it so that you could make the proper decisions. If you do this, we have no doubt that you will not have any problems with your relocation!