Buying a Home in Toronto, Which Area To Live In?

Buying a home in Toronto, one of the most culturally diverse cities in Canada is a wonderful but puzzling situation. It is the largest city in Canada with over 2.5 million inhabitants.

Toronto has some wonderful work opportunities, as many of the largest international companies in the world have chosen Toronto to base their Canadian head quarters. Toronto the home of the CN Tower, the Toronto Stock Exchange and the Toronto Maple Leafs what is not to like?

Whilst your first thought might be to live in the centre of Toronto, surrounded by the finest restaurants, the café society and the third largest theatre district in the world, your wallet might not stretch to buying one of the many luxury condominiums available. Maybe you want to look at homes in Toronto that are not quite so expensive or maybe you want a quieter more family based home. You might be starting out at Toronto University and want to be close by. Or you might like to live close to Lake Ontario. Whatever your choice of home maybe, you will find an area in Toronto that is suitable for your lifestyle.

There are several different areas in Toronto, each with its own character, housing style and price point. Toronto is a multi cultural city and different cultures have found homes in different areas. There is one of the largest China Towns in Canada for example, a thriving Italian sector, a bustling, trendy Greek Town and a growing Filipino village.

You can live in the modern skyscrapers of the Toronto Central Business District or the Victorian and Edwardian homes of the Rosedale, Cabbagetown (yes really), Yorkville and Wychwood Park areas. The latter is a historical area that was one of the first planned communities in Toronto.

Downtown is called the Old City of Toronto and is the most densely populated part of the city. It includes the largest cluster of skyscrapers in Canada. Yonge Street, the longest street in Canada runs straight through the area and is THE place to live.

Wealthy residential areas to buy your home in Toronto include: Casa Loma, Yorkville, Rosedale and The Annex. Here you will find up market condominiums and multi million dollar family homes.

If your wallet is thinner, low income and social housing can be found in such areas as St. James Town, Regent Park, Moss Park and Parkdale.

Kensington Market, Leslieville and Riverdale are bustling commercial and cultural areas as well as vibrant communities of artists with studio lofts and are home to middle class, middle income families.

If you want trendy then head for Little Italy, Portugal Village and Little India where you will find all the local cultural supported by some wonderful ethnic shops and restaurants.

Where ever you are buying your home in Toronto, you will find a house and a neighbourhood that is perfect for your lifestyle.