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Toronto’s Trendiest Neighbourhoods

150 150 Chris

Toronto has always had its fair share of hip and happening communities – those gems of art, culture, indie businesses and street-cred. Homebuyers interested in living in or near such neighborhoods require more than just a roof over their heads – they want a community where artists, students, mom-and-pop shops, restos and galleries thrive. They want a community – not just a neighborhood. They want to participate and they want to engage. So, where are those happening hot-spots right now? Read on for a look at four of Toronto’s trendiest neighborhoods.

Queen Street West
Toronto’s Queen Street West community was given a recent shout-out by no less than Vogue Magazine as the second-best place to find the “hippest street-style in the world.” In its September 2014 issue the iconic magazine ran a spread entitled, “Global Street Style Report: Mapping Out the 15 Coolest Neighborhoods in the World.” The neighborhood was recognized for its concentration of “indie patisseries, homegrown labels, and hidden-from-view galleries.” With such a ringing endorsement from the world’s foremost tastemakers, there is little doubt that this hotspot delivers everything required from a trendy borough.

The Annexe
When it comes to street-cred, students have it all figured out; that is why The Annexe is number two on our shortlist of trendy spots to nest in Toronto. Roughly encompassing the area surrounding the University of Toronto, the area abounds with cheap eats, book stores and rep houses and other forms of entertainment. Although primarily filled with student housing, growing numbers of people are snapping up real estate to convert back into single-family homes given the area’s proximity to downtown, the large, tree-lined streets and the beautiful properties that are available. If you don’t want to spend your evenings at home and you want to be in the heart of the action, then The Annexe is definitely the place for you.

The Beaches
Another trendy Toronto neighborhood is The Beaches. Encompassing the beaches of Balmy, Scarborough, Kew and Woodbine, the popular stretch downshifts from the frenetic vibe of the first two hotspots on this list into something far more relaxed. Catering to those who want a laid-back setting and lifestyle services such as yoga studios, cafés, specialty shops and holistic healing centres, The Beaches also boasts a fantastic boardwalk, biking trails and lovely parks.

The Distillery
Probably one of the most captivating neighborhoods is that of The Distillery district. Formerly home to the city’s distilleries, the gorgeous collection of Victorian industrial buildings has been transformed over the last ten years into a veritable museum of repurposed functionality and is now home to brilliant craftspeople and artisans and is considered the city’s premier destination for arts, culture and entertainment. Even National Geographic Travel was impressed enough by the neighborhood to include it in its piece entitled, “A Virtual Walk Through Toronto.”

For information on other places offering a rich cultural setting in Toronto, go to //www.blogto.com/.

Toronto’s Ritziest Neighbourhoods

150 150 Nisha Muire

Luxury living in Toronto is not hard to find. In fact, when it comes to posh places to reside in Canada’s bustling metropolis there are a number of hot spots from which to choose. With the cost of Ontario’s real estate market reaching ever new heights every year, the criteria for luxury living must take into consideration more than just the cost of housing – which could otherwise skew statics. The ritzier communities have an overall higher average household saving and overall higher average wage than in other neighbourhoods. The communities also tend to be closer to the city core and are mature spots that feature country-like environs. Here we will discuss the three most luxurious areas in Toronto according to the average household net worth, the average annual income and the average house price as compiled by Canadian Business Magazine and surveyed by Environics Analytics.

 

  1. York Mills – Windfields

 

Despite its industrial past, the York Mills area is the most affluent neighbourhood in the city. Today, the community boasts businesses and residential properties nesting together in a charming and serene natural setting. The area’s beauty is dissected by the main arteries of both Yonge Street and Bayview Avenue, which lead direct to the city center. Offering easy access to the downtown core, proximity to businesses and lifestyle services, it is clear why York Mills is a magnet for those wanting a suburban lifestyle, but with an easy commute to all that the city has to offer. Here is how the statistics breakdown for this community.

 

Average Household Net Worth: $21.55 million
Average Annual Household Income: $1,212,275
Average House Price: $3.40 million [i]

 

  1. Forest Hill

 

Forest Hill is another very popular area with those who want luxury living. Forest Hill has a long history and plenty of character to go with it. Divided loosely into the upper and lower sections, with the very picturesque Forest Hill Village being located in the upper part of the community, the neighbourhood’s homes are grand manors designed to impress with their custom architectural elements and impeccable landscaping. High-end shopping, fine dining and good schools are all part of the prestigious package found in this elite area.

 

Average Household Net Worth: $10.63 million

Average Annual Household Income: $629,972

Average House Price: $3.18 million[ii]

 

  1. Lawrence Park North

Lawrence Park North does not just earn its rank as the third most prestigious area to live in the GTA because of the wealth it holds, it is also considered one of the best because of the friendliness of the community and supportive atmosphere created by its residents. According to an article published in The Star, the neighbourhood scored a 92.05% on criteria including health, education and walkability[iii]. In the same article, Councillor Jaye Robinson is quoted as saying that the neighbourhood’s sense of community is inspiring to witness.

Average Household Net Worth: $10.44 million

Average Annual Household Income: $906,266

Average House Price: $2.81 million

[i] //bit.ly/1rWMqPe

[ii] //bit.ly/1yU40CT

[iii] //on.thestar.com/1yUe0fC

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