Marina Homes

TOP SOCIETIES & AREAS FOR RESIDENTIAL HOUSING IN GTA

Have you ever wondered what’s happening in Toronto’s housing market? 

Property prices can shoot up and then suddenly drop, and there have been predictions of a housing market crash a few times – though not always have they come true. Back in 2017, real estate prices in Toronto soared by more than 30%, and on the other hand, the ‘housing crash’ heard about still hasn’t happened yet.


Despite all uncertainty, investors are still looking to buy property in Toronto – encouraged by many jobs, rising incomes, a growing economy, low-interest rates, and many people moving to the city. All of these factors create a strong demand for housing in Toronto. 

Looking for a home in Ontario, CA? 

When it comes to buying a home, there are some key considerations you need to keep in mind. Here are a few:

  • Education
  • Transportation
  • Shopping
  • Amenities
  • Investment Goals

Are there good schools and colleges in the area? Is it easy to get around? Are there nearby grocery stores, shopping malls, or other essential services? Are you looking to buy for your family or as a real estate investment? Consider all of these objectives and help yourself choose the right property. 


The top areas we’ve curated are not only great places to invest but also high in demand for rental properties in both Toronto and the Greater Toronto Area (GTA). 

TOP SOCIETIES AND AREAS TO INVEST:

Bay St. Line: 

Situated in the financial district, Bay St. Line is a sought-after rental area, especially for those working in finance and nearby institutions.

Leslieville And The Beaches: 

From trendy Leslieville with its diverse population and vibrant food scene to the scenic allure of The Beaches, both areas offer unique investment opportunities.

Yonge St. Line: 

Yonge Street, one of the world’s longest streets, offers abundant office and residential investment options.

Queens Quay: 

With a decade-long revitalization, Queens Quay is transforming into a premium waterfront property, offering promising investment prospects.

The Annex: 

A residential haven bordering the University of Toronto, The Annex is known for its historic houses and excellent public transit accessibility.

Danforth: 

Located further north with a rich history, Danforth stands out for its lush landscapes, amenities, and easy access to the city via streetcars.

Yonge And Sheppard: 

In North York, Yonge and Sheppard is a hidden gem for rental property investors, with a thriving real estate market and ongoing development.

Liberty Village: 

This artsy neighborhood, steps away from King Street West’s entertainment and fashion hub, offers an attractive location for real estate investment.

King West: 

Once a district of abandoned warehouses, King West is now the epitome of hip urban living, attracting young professionals with its vibrant nightlife scene.

Yonge And Eglinton: 

This pocket neighborhood within the city rivals downtown with its condo market, offering a wealth of amenities and benefits for investors.

Yorkville: 

North of Bloor Street, Yorkville boasts exclusive shopping, upscale dining, and international corporate offices, making it a premier investment spot.

Is it Worth Investing in Toronto Real Estate?

Home and condo prices in the GTA have been steadily climbing for a few years now, and between August 2019 and 2020 – the MLS Home Price Index reported an increase of 11% in average home prices. This trend is all set to continue, according to experts. So, what does it mean for potential investors?


Investing right now has advantages: you attract renters struggling to find affordable homes, allowing you to recoup your investment with the right rental rates. There’s a good chance of selling the property down the road at a higher price due to the consistent price increase in the area. 

You can invest in various areas throughout Toronto, but the key is selecting the right property and researching the neighborhood thoroughly before investing. 

Should I Invest in a Condo or House in Toronto?

The final decision on the type of property to invest in is ultimately yours, but many real estate investors find that opting for a condo makes more financial sense when operating in Toronto.


In Toronto, single-family detached homes often come with a hefty price tag, often exceeding $1 million, as reported by Canada’s Mortgage and Housing Corporation. Conversely, condos typically fall within the $400,000 to $600,000 range, taking into account the neighborhood and condition. This price range makes condos a considerably more practical investment when you’re considering long-term returns on investment.


Nevertheless, some investors with more financial flexibility may consider purchasing a single-family home needing renovations, transforming it into a desirable property, and potentially reaping substantial profits. Ultimately, your choice will depend on your objectives for the property and the available funds you have for investment.

THE BOTTOM LINE

Other equally attractive neighborhoods, such as St. Lawrence Market, Distillery District, Little Italy, Roncesvalles, Cabbage Town, Cork Town, and others, haven’t been explored in depth. Toronto boasts an abundance of fantastic commercial and residential properties. 


As an investor – if you’re uncertain about where to begin or which neighborhood to choose for your real estate investment – consider seeking assistance from a local property management company. 

ABOUT MARINA HOMES

Marina Homes is widely recognized for its unwavering commitment to building top-quality communities that continuously grow and evolve alongside their residents. 


At MH, we understand that being part of a community goes beyond ‘finding a place to live’. We know a great community can significantly impact one’s family life, education, friendships, and overall well-being. 

By combining the highest quality materials, exceptional design, signature finishes, and outstanding craftsmanship, Marina Homes creates homes that are beautiful and built to last. These homes are a testament to the company’s dedication to providing unparalleled living experiences for its residents. With Marina Homes, residents can rest assured that they live in a community that values their needs and aspirations. We are committed to creating neighborhoods that foster a sense of belonging, where families can create memories that will last a lifetime. 


If you want the permanence of comfort, style, and longevity, look no further than Marina Homes.