{"id":6822,"date":"2018-06-26T07:46:56","date_gmt":"2018-06-26T11:46:56","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?p=6822"},"modified":"2022-06-27T22:01:59","modified_gmt":"2022-06-28T02:01:59","slug":"where-to-buy-condo-townhouse-toronto","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/where-to-buy-condo-townhouse-toronto","title":{"rendered":"Where to Buy a Condo or Townhouse in Toronto in 2018"},"content":{"rendered":"\n
\"Infographic<\/a><\/figure>\n\n\n\n\n\n\n

Buyers Drive Condo and Townhouse Prices Up in Metro Toronto<\/h2>\n\n\n\n

We all know that Toronto’s property market spent a decade climbing. Buyers were forced out to the suburbs, had to go up in price or consider property types that were more affordable than single-family homes. Then came the government regulations such as the January 1 implementation of the new mortgage stress test which now requires all mortgage borrowers to qualify for a loan based on the posted five-year fixed rate. Talk about some serious erosion of buying power. <\/span><\/p>\n\n\n\n

Yet, even with all these headwinds, buyers are still trying to get into Toronto’s property marketplace. That’s put a lot of demand on the more reasonably priced stock, such as condos and townhomes. Not a great situation to be in if you’re a first-time buyer, a downsizer or even an investor looking for the next property. To help, we ranked each neighbourhood in Metro Toronto based on value, potential future growth and desirability. The result is a list that ranks all the neighbourhoods in Toronto \u2014 and determines the best neighbourhoods to buy a Toronto condo or townhouse. Use our <\/span>Canada (GTA & GVA) Condo & Townhouse Market Report<\/span><\/i> to find the best neighbourhoods to buy a condo or townhouse and help you make an informed, smart property purchase in 2018. <\/span><\/p>\n\n\n\n\n\n\n

10 Best Neighbourhoods to Buy a Condo in Metro Toronto in 2018<\/h3>\n\n\n\n
  1. Crescent Town<\/a>, E03, Toronto<\/a> – $248,110<\/li>
  2. West Hill<\/a>, E10, Toronto – $285,047<\/li>
  3. Ionview<\/a>, E04, Toronto – $203,056<\/li>
  4. Waterfront Communities C8<\/a>, C08, Toronto – $683,352<\/li>
  5. Forest Hill North<\/a>, C04, Toronto – $378,875<\/li>
  6. Kennedy Park<\/a>, E04, Toronto – $300,853<\/li>
  7. Dorset Park<\/a>, E04, Toronto – $390,247<\/li>
  8. Annex<\/a>, C02, Toronto – $1,312,474<\/li>
  9. Humber Summit<\/a>, W05, Toronto – $301,556<\/li>
  10. Eglinton East<\/a>, E08, Toronto – $333,530<\/li><\/ol>\n\n\n\n

    10 Worst Neighbourhoods to Buy a Condo in Metro Toronto in 2018<\/h3>\n\n\n\n
    1. Maple Leaf<\/a>, W04, Toronto – $224,317<\/li>
    2. Casa Loma<\/a>, C02, Toronto – $747,283<\/li>
    3. New Toronto<\/a>, W06, Toronto – $137,222<\/li>
    4. Rexdale – Kipling<\/a>, W10, Toronto – $125,571<\/li>
    5. Stonegate – Queensway<\/a>, W07, Toronto – $553,600<\/li>
    6. Weston – Pellam Park<\/a>, W03, Toronto – $420,964<\/li>
    7. Lawrence Park North<\/a>, Co4, Toronto – $484,571<\/li>
    8. Greenwood – Coxwell<\/a>, E01, Toronto – $182,800<\/li>
    9. Bridle Path – Sunnybrook – York Mills<\/a>, C12, Toronto – $1,146,960<\/li>
    10. St. Andrew – Windfields<\/a>, C12, Toronto – $895,820<\/li><\/ol>\n\n\n\n

      10 Best Neighbourhoods to Buy a Townhouse in Metro Toronto in 2018<\/h3>\n\n\n\n
      1. Waterfront Communities C1<\/a>, C01, Toronto – $920,354<\/li>
      2. Kensington – Chinatown<\/a>, C01, Toronto – $734,788<\/li>
      3. Cabbagetown – South St. James Town<\/a>, C08, Toronto, $577,704<\/li>
      4. South Riverdale<\/a>, E01, Toronto – $765,253<\/li>
      5. York University Heights<\/a>, W05, Toronto – $472,869<\/li>
      6. Scarborough Village<\/a>, E08, Toronto – $411,869<\/li>
      7. The Beaches<\/a>, E02, Toronto – $848,338<\/li>
      8. Flemingdon Park<\/a>, C11, Toronto – $280,250<\/li>
      9. Niagara<\/a>, C01, Toronto – $691,941<\/li>
      10. Elms – Old Rexdale<\/a>, W10, Toronto – $328,449<\/li><\/ol>\n\n\n\n

        10 Worst Neighbourhoods to Buy a Townhouse in Metro Toronto in 2018<\/h3>\n\n\n\n
        1. Alderwood<\/a>, W06, Toronto – $314,643<\/li>
        2. Humberlea – Pelmo Park<\/a>, W05, Toronto – $443,926<\/li>
        3. St. Andrews – Windfields, C12, Toronto – $984,979<\/li>
        4. Mount Pleasant East<\/a>, C10, Toronto – $1,00,143<\/li>
        5. Markland Wood<\/a>, W08, Toronto – $279,750<\/li>
        6. New Toronto, W06, Toronto – $248,333<\/li>
        7. Humber Heights<\/a>, W09, Toronto – $383,500<\/li>
        8. Wexford – Maryvale<\/a>, E04, Toronto – $229,750<\/li>
        9. Little Portugal<\/a>, C01, Toronto – $681,143<\/li>
        10. Rexdale – Kipling, W10, Toronto – $241,300<\/li><\/ol>\n\n\n\n","protected":false},"excerpt":{"rendered":"

          A smart property purchase requires finding a property in a neighbourhood that\u2019s desirable and still has room to grow. Our ranking of the best neighbourhoods to buy a Toronto condo or townhouse will help you narrow down that search<\/p>\n","protected":false},"author":3,"featured_media":5177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[127,125],"guide":[],"class_list":["post-6822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-trends","tag-condo-and-townhouse-market-report","tag-where-to-buy-now-market-report"],"acf":[],"zolo_excerpt":"","_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/6822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/comments?post=6822"}],"version-history":[{"count":15,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/6822\/revisions"}],"predecessor-version":[{"id":21449,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/6822\/revisions\/21449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media\/5177"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=6822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/categories?post=6822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/tags?post=6822"},{"taxonomy":"guide","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/guide?post=6822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}