Thursday, 19 March 2015

ZT: Toronto’s top neighbourhoods

Toronto’s top neighbourhoods

A modern community centre offers the chance to splash around in No. 5-ranked Cornell, Markham
A modern community centre offers the chance to splash around in No. 5-ranked Cornell, Markham
If you judged Toronto’s housing market based on media headlines you’d think there wasn’t a neighbourhood left that offered good value. You’d be wrong. While certain neighbourhoods—such as Old Oakville, Lambton Baby Point or High Park North—have been priced right out of competition, other neighbourhoods still offer the chance to buy a great place for $500,000 and up.
Topping the list is a little-known area in North York known as Pleasant View. Bordered by Victoria Park Avenue to the east and the Don Valley Parkway to the west, the benchmark price of a Pleasant View home is only a smidge higher than the average Greater Toronto Area benchmark. So rather than pay the average $1.2 million for a home in neighbouring Bayview Village, or $902,000 for a Henry Farm home, families can buy into Pleasant View for $600,000 or so and still get great access to Fairview Mall and Don Mills Station, the last subway stop on the Sheppard Line. But price only tells part of the story. According to Nazir Shivji, a broker with Century 21 Percy Fulton Ltd., the neighbourhood is a hot spot for mainland Chinese buyers and Iranian families. “These ethnic groups are willing to pay a lot more to get into this community.”
If you want to live closer to downtown and a great school district is important, you might want to consider our No. 2 neighbourhood: East End-Danforth, a community bordered by Coxwell Avenue and Victoria Park Avenue.
Commonly referred to as the “Upper Beaches,” this area boasts good elementary schools and a top-ranking high school (Malvern Collegiate Institute ranks 46 out of 691 schools on Fraser Institute’s list). Yet the benchmark house price is just $592,200, in part because it isn’t viewed as desirable as the more affluent Beaches and Leslieville neighbourhoods nearby. While its lack of trendy commercial spaces can be a deterrent for some buyers, the area is changing fast says Diane Tobia, realtor with RE/MAX Hallmark Realty Ltd. There’s a Starbucks now, although the real community hotspot is the cozy Fade In Cafe located beside the Main Street library.
For excellent access to the downtown core consider our No. 3 neighbourhood, Regent Park. The area’s century-old worker homes aren’t as majestic as the old Victorians found in nearby Cabbagetown, but the neighbourhood has come a long way from its former days as a respite for the down-and-out. These days, Regent Park offers the urban professional a short 15-minute walk to both the subway and downtown Toronto’s iconic Eaton Centre.
If you’re looking for a good school zone option however, check out our No. 4 neighbourhood Hillcrest. The Arbor Glen Public School ranks No. 1 out of 3,030 schools on the Fraser Institute’s school list, while Hillmount Public School, another neighbourhood elementary school, ranks No. 18.

RankNeighbourhood (Area)Average priceValue gradeMomentum gradeRealtor grade
1Pleasant View (Toronto)$617,500AAC
2East End-Danforth (Toronto)$592,200ABB
3Regent Park (Toronto)$561,000AAC
4Hillcrest Village (Toronto)$815,300DAB
5Cornell (Markham)$497,000ACC
6Village Green-South Unionville (Markham)$623,100BAB
7Milliken Mills West (Markham)$621,900BAC
8Central (Oshawa)$244,000AAD
9Little Portugal (Toronto)$657,200BCA
10Crosby (Richmond Hill)$635,600BAD
11Greenwood-Coxwell (Toronto)$575,000BBB
12Langstaff (Richmond Hill)$634,000BBB
13Oak Ridges (Richmond Hill)$719,600CAB
14Bayview Wellington (Aurora)$478,600ABD
15Maple (Vaughan)$606,600BCB
16North Richvale (Richmond Hill)$637,400BBC
17Crescent Town (Toronto)$458,900ABD
18Shoreacres (Burlington)$558,100DAA
19Concord (Vaughan)$585,000BDB
20Newtonbrook East (Toronto)$1,052,800DAC
21Lakeview (Oshawa)$258,800AAD
22Oak Ridges Lake Wilcox (Richmond Hill)$692,400BAC
23Old Markham Village (Markham)$709,800DAC
24Town Centre (Pickering)$428,400BAC
25Middlefield (Markham)$658,500CAC
26Village East (Pickering)$382,300ABD
27Stouffville (Whitchurch-Stouffville)$598,500BBC
28Harding (Richmond Hill)$671,400BBC
29Weston-Pellam Park (Toronto)$463,600BAD
30Uptown Core (Oakville)$483,100ADA
31Parkwoods-Donalda (Toronto)$792,500CBC
32Appleby (Burlington)$489,300BDB
33Dufferin Grove (Toronto)$710,600DBB
34Raymerville (Markham)$633,800BBC
35Lakeview Estates (Vaughan)$594,900BDB
36Wychwood (Toronto)$766,000BDB
37Jefferson (Richmond Hill)$738,600DBB
38Greensborough (Markham)$666,500CAD
39Don Valley Village (Toronto)$851,000DAC
40Milliken Mills East (Markham)$684,100DAD
41Schomberg (King)$562,000ACC
42German Mills (Markham)$661,300CBC
43Bayview Northeast (Aurora)$527,600BCC
44West Hill (Toronto)$481,900ACD
45Aurora Heights (Aurora)$548,800CBC
46Blake-Jones (Toronto)$673,400DAC
47Orchard (Burlington)$562,400DBB
48Bayview Fairway-Bayview Country Club Estates (Markham)$646,500CCC
49Church-Yonge Corridor (Toronto)$566,000ADB
50Creditview (Mississauga)$523,400CDB
51Uptown (Burlington)$427,900ADC
52Oakwood-Vaughan (Toronto)$576,800ADC
53Aurora Village (Aurora)$554,800CBC
54Markham Village (Markham)$664,000CBC
55Wismer (Markham)$709,300DAC
56Bullock (Markham)$715,500DAD
57Bay Ridges (Pickering)$412,400BCC
58Blackstock (Scugog)$308,100ADD
59Woodbine Corridor (Toronto)$623,200BDC
60Cedarwood (Markham)$534,500ADC
61Devonsleigh (Richmond Hill)$697,400CCC
62College Park (Oakville)$570,400ADB
63Dovercourt-Wallace Emerson-Junction (Toronto)$636,600BDC
64Bristol-London (Newmarket)$423,200ACD
65Woodbine-Lumsden (Toronto)$532,800BDC
66Mt Albert (East Gwillimbury)$413,900ADD
67Berczy (Markham)$746,000DAC
68Huron Heights-Leslie Valley (Newmarket)$483,200CCC
69Steeles (Toronto)$601,500CBD
70Vinegar Hill (Markham)$529,800ADC
71Brant Hills (Burlington)$400,300ADC
72Agincourt North (Toronto)$565,900CAD
73Mountainside (Burlington)$395,700ADD
74Glen Shields (Vaughan)$545,900ADD
75Cathedraltown (Markham)$726,300DAC
76Briar Hill-Belgravia (Toronto)$540,900DBC
77Newtonbrook West (Toronto)$865,600DAC
78Gorham-College Manor (Newmarket)$513,100DBC
79Malton (Mississauga)$433,000ABD
80Northgate (Brampton)$364,800ADC
81Brownridge (Vaughan)$642,100CCC
82Aurora Grove (Aurora)$460,100ADC
83Downtown Whitby (Whitby)$367,800BDC
84Keelesdale-Eglinton West (Toronto)$506,300DAD
85Holland Landing (East Gwillimbury)$458,100BDD
86Central Park (Brampton)$357,800ADC
87Victoria Village (Toronto)$641,200ADC
88Central Newmarket (Newmarket)$457,400BCD
89Port Perry (Scugog)$405,400DBC
90Mount Dennis (Toronto)$438,800ADD
91Milliken (Toronto)$584,900DAD
92Rouge River Estates (Markham)$637,900BDC
93Woburn (Toronto)$502,700DBD
94Box Grove (Markham)$712,300DAD
95Queensville (East Gwillimbury)$448,000ADD
96Woodland Hill (Newmarket)$461,600BDC
97Rouge E10 (Toronto)$571,000DBD
98Flemingdon Park (Toronto)$627,100ACD
99Rouge Park (Pickering)$514,400DAC
100West Humber-Claireville (Toronto)$484,100CBD
101Vanier (Oshawa)$241,200ADD
102Ionview (Toronto)$479,700BDD
103Malvern (Toronto)$369,100ADD
104Beechborough-Greenbrook (Toronto)$518,200CCD
105Oakridge (Toronto)$458,400ADD
106Morningside (Toronto)$476,500BDD
107Farewell (Oshawa)$375,000DAD
108Virginia (Georgina)$516,800DAD
109Mount Olive-Silverstone-Jamestown (Toronto)$483,900CCD

by 
mfortable homes for substantially less than seven figures15
From the April 2015 issue of the magazine.


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