Up And Coming Neighbourhoods In Toronto
There is no doubt that Toronto's real estate market is breaking all records, prices are sky rocketing, houses that you could afford a year ago are now becoming out of reach. This is why I advise against waiting to buy. Waiting for what? Waiting for prices to rise, that's all. If you were one of the ones who "waited" you may want to look at neighbourhoods that maintain prices quite below the average for a semi or detached in Toronto. If The Junction, Leslieville, Parkdale and Seatton Village have become out of reach for you, check out the up and coming neighbourhoods in Toronto infographic. While most of these tend to cluster in the West, if you're a true Toronto Easterner (I don't even think that's a word) there is relief for you too. Keep in mind that this is far from an extensive list.
This is a great neighbourhood filled with authentic Italian shops and cafes and is close to transit (the St Clair streetcar is pretty quick these days) major roads (St Clair, Dufferin, Lansdowne) and is filled with quiet and undiscovered streets. Houses here are both semis and detached, not as large as those in the neighbouring Hillscrest Village but not any less quaint or affordable.
Danforth & Warden
One of those neighbourhoods you wouldn't really think to visit, on the contrary, this area offers quite reasonably priced homes including bungalows with good plots of land. While this is not beside the happening area of the Danforth, this is a great neighbourhood for first time buyers and those with a smaller budget.
Nestled between Cedarvale and Corso Italia, not only is this an amazing area for Toronto's future transit plans (Eglinton LRT is arriving soon just on the outskirts), you also have close access to the ever expanding and upgrading St Clair W. Homes continue to sell below the average Toronto price and vary from semis to detached to triplexes. Definitely worth exploring for all first time buyers. It is very possible to find a beautiful home here for a reasonable price tag.
Quickly becoming less of a secret, this is one of the best areas of the city because not only is it steps to the beaches, it is also close to the Danforth and homes here vary from small semis to grand 3 floor beauties. Still very possible to find a good home, but don't delay.
One of the most unknown Toronto neighbourhoods, located at Eglinton W and Dufferin St, close to Allen Rd and right beside the future Eglinton LRT. This is one of the true up and coming neighbourhoods in Toronto. It is barely discovered but absolutely waiting to transform into a very popular area. Prices continue to be way below average which makes house shopping here a pleasure for those on a budget.
No lies, this one is a bit on the farther side but not any less attractive. Find a great semi or detached home here and build your equity. This area is quickly changing and with access to great parks and small quiet streets this neighbourhood won't be a secret for much longer.
Definitely widely explored by house hunters and definitely one of the least up and coming neighbourhoods in Toronto on this list. Bidding wars are very common BUT an oddly low priced home does sell here. This most likely will not be a move in ready home but this area is nonetheless worth checking out especially if you're willing to put in a bit of work. Very much influenced by the buzz of the neighbouring Junction and Junction Triangle (where this happens on the regular) this area can brag about easy access to transit (Bloor St TTC) and can flaunt the first-time-buyer-young-families-with-strollers appeal. This neighbourhood is very popular but has not quite reached it's zenith yet.
Probably one of my favourite up and coming neighbourhoods in Toronto. Not as hot as the rest of St Clair West but with so much potential for young families, first time buyers and renovators. Semis, detached, gut jobs, beautifully renovated and ready for an upgrade , everything can be found here. Quite streets, close to transit, easily accessible by car and not as explored as everything else. This neighbourhood is most definitely worth visiting, your dream home is most likely on one of these streets.
What are you thoughts about the up and coming neighbourhoods in Toronto? Let me know if I missed any in the comment section.