With all the writing we do about what you’ll need to know about when you go to buy that first or even second home, we don’t always spend enough time on where you should be shopping to get the most for your dollar. So in keeping with being your one stop shop for all the very best in first-time home buyer advice, we decides to put together a quick list of some of the best neighbourhoods in Toronto and what makes each one special.
- Yonge-Eglington. This is the one area of Hogtown that scores well on every metric used to distinguish the best Toronto neighbourhoods from the rest. This is where you’ll find an attractive mixture of condos and detached homes but be aware before you start your search here these domiciles have historically been well above the reach of the average citizen. Keep in mind that if you can afford to put down roots here your investment will more than likely show positive returns since the property values in the Yonge-Eglington area increase by upwards of 11% yearly.
- Casa Loma. If you’re looking to stay close to nature and have an abundance of mature trees coupled with elegant homes in the Tudor and Georgian style, this is the area for you. Low crime is another one of the attractive features here and the only negative ( if you can call it that ) is the absence of a robust entertainment scene since the castles and other big homes take up much of the landscape.
Remember that living anywhere in Toronto proper is going to cost you more than a larger spread somewhere in the burbs. Still, if you’re looking for first-time home buyer advice that will land you in a place with a solid ROI, the city is the place where it’s at.
