Toronto is home to over 6 million people, making it not only the most populous city in Canada but also the fourth most populous in North America. A city known for its diversity, newcomers from around the globe choose Toronto as their new home. The resulting mosaic of cultures has helped build Toronto’s identity as a vibrant cosmopolitan city.
Present day Toronto was formed by the amalgamation of six boroughs – East York, Etobicoke, North York, Old Toronto, Scarborough, and York. To this day, each of these areas has their own distinct personality.
Afterall, Toronto is known as a city of neighbourhoods, each unique in their own way.
- Population (2022): 6,202,225
- Population growth since 2016: 4.6%
- Density: 1,051/km2
East York sits just between Old Toronto and Scarborough with North York above. First-time buyers often find themselves looking at East York as it’s one of the areas of Toronto that a starter-home budget may be able to stretch the furthest. With a variety of both indoor and outdoor recreational options, and plenty of shopping and restaurants in The Danforth, East York gives its residents seemingly endless options to explore.
Etobicoke is located on the western edge of Toronto and is home to a diverse range of cultures and lifestyles. From the picturesque Humber River Valley to the bustling Etobicoke Centre and Sherway Gardens, there is plenty to explore and enjoy. The area is also home to a wide variety of recreational activities, from golf courses and parks to beaches and trails.
North York is a bustling and vibrant neighbourhood in Toronto’s northwest end. Home to a number of major corporate headquarters, such as Aviva Canada and Sony Music Canada, North York is a great spot to start your career. The area also boasts a number of excellent shopping malls, restaurants, and entertainment venues, making it a great place to live and work.
It all started right here in Old Toronto. Established in 1793, the City of York was the original name of the area that is now the downtown core. Today, this part of the city is filled with sleek condos and towering office buildings, a stark contrast to the grand estates and Victorian row houses that it replaced. Downtown Toronto is the epicenter of the city and is home to many of its most popular neighbourhoods, such as West Queen West, Trinity Bellwoods, Cabbagetown and Harbourfront.
Scarborough is a suburban area of Toronto that is not as densely populated as other regions of the city. It is home to many parks, ravines, and the University of Toronto Scarborough campus, which is a 300-acre property. Agincourt, Highland Creek, West Hill, and Wexford are some of the popular neighbourhoods in the region and are known for being welcoming to new Canadians.
York-Crosstown is a vibrant pocket of the city of Toronto. The bustling Eglinton Avenue is the main thoroughfare and is lined with eclectic eateries, independent stores and services. The variety of international cuisines available here is extraordinary, offering everything from Caribbean to West Indian, African to Italian. The introduction of the Eglinton Crosstown rapid transit line has encouraged a revival of the area and opened it up to the rest of the city.
Toronto Real Estate Market
|Average Resale Price (2016)||$740,685|
|Average Resale Price (2021)||$1,056,707|
|Average Resale Price by Property Type (2016)||Average Resale Price by Property Type (2021)||Change|
|All Home Types||$740,685||$1,056,707||42.67%|