Albeit increasingly expensive, Toronto is arguably a great place to live for many reasons. Its multiculturalism is a significant contributor to making the city a consistent tourist attraction, in addition to drawing an influx of new residents all the time. Even beyond the GTA borders, many people consider themselves to be Torontonian, and for good reason—there are many distinctive neighbourhoods to explore.
There are not many cases around where one street is so synonymous with a specific demographic and area. However, with so many Greek restaurants situated along the Danforth in the east end of the city, it’s a wonder how it couldn’t be. Toronto has the largest Greek community in the world for this reason, besides for the actual country of Greece.
The Taste of the Danforth festival thrown annually certainly helps explain why. The lucrative area, like most of the city, includes expensive real estate—like a teardown property from last year that cost a million dollars.
At the opposite end of the Toronto core in the west end, the Junction is located around Dundas Street and Keele Street with an artsier reputation. There are several vegan-friendly businesses in the area that rival the better known Queen West, and suit the progressive style and demographics here.
The same can be said of its farmers’ markets and health food stores. This may be a large reason why real estate prices in the area are reflective of the general perception of Toronto, where only minimal square feet can be attained for under seven figures.
Where to settle
Whether you are interested in finding a home in the east end or west end, Toronto has various areas to consider. Above Greektown is also Scarborough and Markham, next to Richmond Hill, followed by Woodbridge and Maple in the west. Finally, below the Junction are Mississauga, Etobicoke, and Oakville in the south.
Midtown and the downtown core are generally the most expensive, with prices even in Vaughan to the north steadily rising. Yonge Street has long been considered the middle of Toronto. Its surrounding areas have had some of the best public transit and shopping access as a result, but both are clearly expanding outwards as demand grows.