It’s no secret that Toronto is a great place to live in. This city has everything one needs to enjoy a fulfilling life. The people, culture, and amenities all offer the best of modern living. So it makes perfect sense to move here despite the high price of Toronto real estate.
If you’re one of the many who plans to move to the big city in the near future for one reason or another, you might already be looking for places to live in. While there are lots of great neighborhoods within the city limits and the GTA, making a choice can be challenging. There are tons of different factors to consider making the decision quite confusing.
The biggest challenge, however, is the fact that the local real estate market is one of the hottest one’s today. Some neighborhoods will already be too saturated or expensive options. Others might not have the traits that will appeal to your taste.
So how do you choose? You can always look for some ‘diamonds in the rough’ neighborhoods. These are the areas that are just starting to get developed in terms of new residential builds or the creation of commercial spaces. With the developments continuously being done in the locale, it’s easy to find some promising areas that can be great places to live in.
Don’t have an idea on where to start looking for such neighborhoods? Here are three that might just catch your eye:
Sitting at the edge of Greektown and right above the Upper Beaches is the Danforth Village. This neighborhood is home to a lot of young families with young professionals as parents. Thanks to the affordability, accessibility, and the general family-friendliness of the area, it’s a popular location for starter homes.
Social classes intermingle in this neighborhood as well as various cultures. Things get more colorful and interesting during the months of Summer as it also hosts lots of outdoor festivals. It’s all fun and excitement, but the summer events and tourists can cause delays on morning commutes. If you don’t mind, though, it shouldn’t be a big deal.
This neighborhood surprised even Toronto residents when it became one of the trendiest neighborhoods according to Airbnb. A lot of realtors actually consider it as a hidden gem. Why? It’s one of the few places where you can still get a cute house that won’t cost an arm and a leg but still close enough to the downtown area for an easy commute.
On top of all of these, the neighborhood in itself has a lot to offer. It has one of the most efficient transport systems in the city. It also has its own mall and several other leisure areas that can help provide residents a better quality of life.
This might raise some eyebrows because some people definitely think that Toronto’s Chinatown has already seen its heyday but Chinatown East is still holding a lot of promise. It may have had its ups and downs over the years but entrepreneurs are reviving the area as it is brimming with potential.
New businesses are sprouting in the area while established ventures are also relocating in the area. There are also plans for new condo builds, offering more housing options to those who want to live in the neighborhood.
Aside from these three, there are tons of other up and coming neighborhoods that are certainly worth looking at. You can also consider Weston, Vaughn, Downsview, and even South Riverdale to become your new ‘hood. It’s totally up to you which area charms you best and fits your budget.