Looking for a new home in Toronto real estate? Your new city has a lot of hype around it. Yes, out of all the cities in Canada, most immigrants as well as residents pick Toronto for home-buying. People from all over the world prefer to call this city their “home.” But keep in mind that the hype around Toronto is not without a reason. In fact, there are a lot of appealing reasons why many choose to settle down in the city.
Ready to find your home in the largest and most happening city in Canada? Scroll above and explore the new houses for sale in Toronto!
Almost half of the people living in Toronto are from outside the country. Also, half of the Torontonians are visible minorities. No matter your religion, race, or language, one thing is sure - you’ll feel welcomed in Toronto. This is one of the main reasons why people from outside and even within the country buy a house in Toronto real estate. From the neighbourhoods to food and festivals, you’ll basically see diversity everywhere in the city.
A lot of people who can afford to live in Toronto settle down here. But most others who cannot afford a house for sale in Toronto still try to settle as near as they can to the city. Want to know why this hype? That’s because Toronto has world-class amenities and services. From excellent healthcare and transport systems to schools and entertainment, you’ll truly find the best of everything in Toronto. No wonder, it is ranked 13th out of 241 cities around the world for “best quality of life”.
Safety and security are a top priority when picking a place to live, right? Thankfully, your new city, Toronto, scores high in this aspect. According to Statistics Canada’s ratings, Toronto is the third safest city in the country. And guess what? According to Money.ca analysis, Toronto is the number 1 city in Canada in terms of safety. The Crime Severity Index (CSI) score in Toronto is 51.54.
Aren't those quite convincing reasons to move to Toronto? We totally agree! Stop the wait and explore the new MLS listings in Toronto now!
2,794,356 people are living in Toronto - 48% male and 52% female. The median age of Torontonians is 39.3. 46% of people living in Toronto are born outside the country. 49.1% of Torontonians are visible minorities. The top three ethnic regions reported in Toronto are Chinese, English, and Canadian. English is the most spoken language in Toronto - (2021 Census Data).
There are four public colleges and five public universities here. The four public colleges in Toronto are -
The public universities are in the downtown area of Toronto, except York University. Here are the public universities in the city -
The public schools in Toronto operate under four school boards. There are 583 schools under the Toronto District School Board. This is the largest school board in Canada.
Take a look at the MLS listings near top schools in Toronto!
Toronto has 20 public hospitals. Torontonians get free healthcare services, courtesy of the OHIP. However, keep in mind - you’ll not get all services under the free healthcare plan.
You must have certainly heard about the Toronto Transit Commission (TTC). It is the third-largest transit in North America. You'll get subways, streetcars, or buses under the TTC. You can take the buses and streetcars to the areas where there is no subway. To travel outside Toronto, you have the VIA Rail and the GO trains and buses.
With such great public transit options, you won’t need to take out your car much. Still, if you prefer to drive, you’ll have a lot of highways near you.
National Highways -
Expressways -
The city of Toronto is served by two airports -
The job market is very promising in Toronto. All the working professionals from around the world come to Toronto looking for a good job. In 2024, the unemployment rate in Toronto took a dip - 6.7%. The city added 91,000 new jobs by December. The top industries in Toronto are -
All the perks that you’ll get in Toronto come at a high cost. The cost of living in the city is $5,489.7 for a family of four (without rent).
Take a look at the homes for sale in Toronto. It’s time to find your new home in Toronto!
“Most competitive and hottest.” The Toronto real estate market has always been like this. As a homebuyer, you can expect high prices and competition while buying your new home here. Toronto house prices have gone up by around 5.6% annually just in the last decade. In the last three years, the market has been a little sluggish, like in the rest of the province. But as the interest rates have taken a dip in 2024, things have again started to look bright in the real estate market in Toronto. If the positive trends continue, the average Toronto housing prices could reach $2M in the next ten years.
Key Highlights of the Market -
Here are the average prices of both of these houses (December 2024 data) -
At the moment, there are 3,053 MLS Toronto listings. Scroll above and take a look at the detached and semi-detached houses in Toronto now!
This is a quiet and posh neighbourhood in midtown Toronto.
Highlights of the Lawrence Park North Area -
According to a magazine, Bloor West Village is the best neighbourhood in the city. This area has a lot of small businesses - no area can top this.
Highlights of the Bloor West Village Area -
Riverdale is a big neighbourhood east of downtown. It is the gateway to the east-end neighbourhoods of Toronto.
Highlights of the Riverdale Area -
Each of these parks has a pool, hockey rink, basement diamond, and tennis courts.
Are you all excited to find your new home in Queen City, Toronto? Well, here’s a bummer - finding the perfect home out of all the MLS listings in Toronto is going to be a little hard. But not if you’re using The Canadian Home to find and buy the perfect house in Toronto. The Canadian Home has all the standard features you usually see in a real estate website and app. Plus, it has some unique tools and features.
You don’t have to spend hours scrolling through all the houses for sale available just to find the perfect home. At The Canadian Home, there is a range of advanced search filters that can help you filter and find the perfect homes for you in seconds. You can shortlist the Toronto houses by prices, no. of rooms, and even by any particular feature you want.
Imagine if you could take a detailed look at your neighbourhood right from your home. What schools, parks, grocery stores, or streets are there near the MLS house listing in Toronto? At The Canadian Home, this is indeed possible. Scroll down on the property details page, and you can find the interactive map of the neighbourhood.
Our platform helps you figure out if you’re getting a good deal on a home in Toronto or not. How? The Canadian Home puts forth a price estimate of each property using AI technology. You can know the estimated home value, rent, rental yield, and other important numbers from this. Making an informed home-buying decision is now possible!
No more crunching numbers to find if you can afford to buy a house in Toronto, Canada. Just input a few basic details on the Canadian Home’s affordability calculator. You’ll know about your affordability in seconds.
Once you find a house in Toronto that feels like the one, you can connect with an expert Realtor directly from our platform. You can send the real estate expert a message to get an instant reply. You can also schedule a call with an expert realtor in Toronto at any time.
Ready to find and buy your dream home in Toronto with just a few clicks? Explore the houses for sale in Toronto with The Canadian Home!
The average price of recently sold homes in Toronto is $ 1,069,288 . In 2024, the price of homes in Toronto was at its highest in May. With an average home price of $1040.9K, this city is one of the most expensive cities to buy a house in Ontario (December 2024 data).
Toronto has some of the best schools in Canada. Also, you and your kids will never run out of things to do in Toronto. You can go and see the animals at the Toronto Zoo, climb the CN Tower, or head over to the Art Gallery of Ontario. In short, this cosmopolitan city is a great place to raise a family or start one.
Some of the affordable neighbourhoods in Toronto are - Parkway Forest, Thorncliffe, West Humber-Clairville, Crescent Town
As per a 2024 report by CTV News, Toronto is the safest city in Canada. The city’s crime rate is 286.9 offences per 100,000 residents.
The minimum down payment will depend on the purchase price of the MLS listing in Toronto - If the purchase price of the home is $500,000, the minimum down payment will be 5%. If the purchase price of the home is between $500,000 and $1,499,000, the minimum down payment will be 5% of the first $500,000 and 10% of the amount over $1,499,000. If the purchase price of the home is above $1,499,000, the minimum down payment will be 20%.
It’s highly unlikely that you’ll be able to waive the entire closing costs. Your lender might be willing to waive the costs. But you’ll still have to pay the closing costs to the different parties.
The average time it takes to save up for the down payment is 3 to 16 years. But this will vary depending on the average home price in Toronto.
This will depend on your financial circumstances and the kind of risk you’re willing to take. In the 30-year mortgage, your amortization period will be stretched so your monthly payments will decrease. With this loan, you might even be able to buy an expensive house in Toronto.