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Where to buy a condo or townhouse in Toronto in 2018

A smart property purchase requires finding a property in a neighbourhood that’s 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
downtown Toronto where condos and townhomes are lit up
The City of Toronto

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Buyers drive condo and townhouse prices up in Metro Toronto

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.

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 — and determines the best neighbourhoods to buy a Toronto condo or townhouse. Use our Canada (GTA & GVA) Condo & Townhouse Market Report to find the best neighbourhoods to buy a condo or townhouse and help you make an informed, smart property purchase in 2018.

10 Best Neighbourhoods to Buy a Condo in Metro Toronto in 2018

  1. Crescent Town, E03, Toronto – $248,110
  2. West Hill, E10, Toronto – $285,047
  3. Ionview, E04, Toronto – $203,056
  4. Waterfront Communities C8, C08, Toronto – $683,352
  5. Forest Hill North, C04, Toronto – $378,875
  6. Kennedy Park, E04, Toronto – $300,853
  7. Dorset Park, E04, Toronto – $390,247
  8. Annex, C02, Toronto – $1,312,474
  9. Humber Summit, W05, Toronto – $301,556
  10. Eglinton East, E08, Toronto – $333,530

10 Worst Neighbourhoods to Buy a Condo in Metro Toronto in 2018

  1. Maple Leaf, W04, Toronto – $224,317
  2. Casa Loma, C02, Toronto – $747,283
  3. New Toronto, W06, Toronto – $137,222
  4. Rexdale – Kipling, W10, Toronto – $125,571
  5. Stonegate – Queensway, W07, Toronto – $553,600
  6. Weston – Pellam Park, W03, Toronto – $420,964
  7. Lawrence Park North, Co4, Toronto – $484,571
  8. Greenwood – Coxwell, E01, Toronto – $182,800
  9. Bridle Path – Sunnybrook – York Mills, C12, Toronto – $1,146,960
  10. St. Andrew – Windfields, C12, Toronto – $895,820

10 Best Neighbourhoods to Buy a Townhouse in Metro Toronto in 2018

  1. Waterfront Communities C1, C01, Toronto – $920,354
  2. Kensington – Chinatown, C01, Toronto – $734,788
  3. Cabbagetown – South St. James Town, C08, Toronto, $577,704
  4. South Riverdale, E01, Toronto – $765,253
  5. York University Heights, W05, Toronto – $472,869
  6. Scarborough Village, E08, Toronto – $411,869
  7. The Beaches, E02, Toronto – $848,338
  8. Flemingdon Park, C11, Toronto – $280,250
  9. Niagara, C01, Toronto – $691,941
  10. Elms – Old Rexdale, W10, Toronto – $328,449

10 Worst Neighbourhoods to Buy a Townhouse in Metro Toronto in 2018

  1. Alderwood, W06, Toronto – $314,643
  2. Humberlea – Pelmo Park, W05, Toronto – $443,926
  3. St. Andrews – Windfields, C12, Toronto – $984,979
  4. Mount Pleasant East, C10, Toronto – $1,00,143
  5. Markland Wood, W08, Toronto – $279,750
  6. New Toronto, W06, Toronto – $248,333
  7. Humber Heights, W09, Toronto – $383,500
  8. Wexford – Maryvale, E04, Toronto – $229,750
  9. Little Portugal, C01, Toronto – $681,143
  10. Rexdale – Kipling, W10, Toronto – $241,300

Additional reports

Romana King
Romana King

Romana King is an award-winning personal finance writer and the current director of content for Zolo. King has contributed to business and lifestyle publications including CBC.ca, Toronto Sun, Maclean’s, MoneySense, Globe & Mail Custom Content Team, and Toronto Star. She is a passionate speaker about financial education and engages her audience on a variety of personal finance topics from kids and money, home buying and selling tips, and estate and investment planning. King won the 2015 SABEW Business Journalism award and is currently nominated for a COPA 2019 award, Best Service Article, for her annual project Best Deals in Real Estate. As editor of CI Top Broker, King guided her magazine to obtain its first KRW Business Journalism nomination, and she was part of the small team in 2011 that helped MoneySense win Magazine of the Year at the 34th annual National Magazine Awards.

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