Toronto has a population of 2,731,571 and is the world’s fourth most livable city. Toronto is home to many skyscrapers and high-rise buildings and is famous for the once tallest free-standing structure known as the CN Tower. Overall, the quality of life in Toronto is considered good, especially if you are a city lover at heart. Toronto has over 8,000 restaurants, so anyone taking in the foodie scene will not be disappointed. Also, Toronto is home to North America’s only castle – Castle Loma in midtown Toronto is considered the only authentic castle.
Toronto is a world leader in areas such as business, finance, technology, entertainment and culture. For anyone living and working in the city, there is vast opportunity for employment in these industries. It is also one of the most multicultural cities in the world, with more than 140 languages and dialects spoken. Living in Toronto, particularly downtown can be expensive. The cost of living is considered high when compared to neighbouring cities, however the amount of amenities in close proximity and easy transit options makes it worth the extra cost. The average home price is just over $1M and prices are up by 13% year-over-year.
If you currently live in Toronto and would like to access the equity in your home, or would like to enter the market. Contact us today to get started.