Housing affordability is a hot topic in Canada — but what does it actually mean?

At its core, housing affordability measures how much of your income goes toward owning a home. A common benchmark is the percentage of income needed to cover mortgage payments, property taxes, and utilities.

For example, RBC Economics tracks affordability by calculating how much of a median pre-tax household income is required to afford a typical home. In cities like Toronto and Vancouver, that number can be over 60%, making homeownership extremely challenging for many families.

To give you a clearer picture, here’s a snapshot of affordability in some Toronto neighbourhoods:

• High Affordability Ratios: Neighbourhoods like Rosedale and Forest Hill exhibit higher affordability ratios, indicating that a significant portion of household income would be required to purchase a median-priced home.

• Mid-Range Ratios: Areas such as Trinity Bellwoods and Leslieville have moderate affordability ratios, suggesting a more balanced relationship between income and home prices.

• Lower Ratios: Oakville shows lower affordability ratios, which may indicate that home prices are more accessible relative to household incomes in these areas.

Affordability ratio here is a simplified price-to-income ratio to illustrate the scale of costs relative to incomes.

Generally, a home is considered affordable if it costs less than 4 to 5 times your household income. As you can see, many Toronto neighbourhoods are far above that.

Why It Matters

When the affordability ratio gets too high, it means buyers may have to stretch their budgets, delay homeownership, or rely on financial help.

Understanding housing affordability can help you make informed decisions about where — and how — to buy. If you’re feeling stuck, you're not alone, and there are strategies to navigate this market wisely.

Want help breaking down what’s affordable for you? Let’s talk.

Housing affordability is one of the biggest topics in Canada today — and for good reason. For many residents and newcomers, homeownership feels increasingly out of reach. Every day, we see headlines, reports, and politicians throwing around bold claims about the state of our housing market. But for how serious and important this conversation is, it deserves a lot more nuance than it currently gets.

It’s naive to think we can boil down the complexity of our economic and housing systems into a single, one-size-fits-all metric. And yet, that’s exactly what keeps happening.

So let’s unpack the core metric that everyone loves to quote: housing affordability.

The Metric Everyone Cites — But Few Understand

In Canada, housing affordability is most commonly measured using the Home Price-to-Income ratio, or more specifically, the ratio of average home prices to median disposable income.

But another widely referenced approach comes from RBC Economics, which calculates housing affordability by determining the proportion of median pre-tax household income needed to cover ownership costs — including mortgage payments, property taxes, and utilities. In this blog post we will stick to the RBC Housing Affordability Measure (HAM) when referring to housing affordability.

Right now, in major cities like Toronto and Vancouver, that number exceeds 60–80% of pre-tax income — levels RBC itself describes as “extremely high.”

Sounds simple, right? But simplicity here is deceiving. Because when you dig into how these metrics are calculated, you’ll see the cracks — and they’re big enough to change the entire conversation.

Why CRA-Reported Income Is Not the Whole Story

Let’s take Toronto as an example. In some of the city's most affluent neighbourhoods — think Rosedale, Forest Hill, The Bridle Path — the average home sells for $4 to $6 million. But according to CRA and StatsCan data, the median household income in these areas is often reported around $120,000–$150,000. That doesn't add up. 

Estimated HAM by Neighbourhood in Toronto

To learn more about the housing affordability metric, check out this blog post Housing Affordability Explained

2 key reasons why CRA income data gives a distorted view of reality:

1. Entrepreneurs Often Report Lower Incomes on Purpose

Many business owners, consultants, and independent professionals structure their finances in tax-efficient ways. This often means reporting lower personal income while reinvesting in their business or drawing from corporate accounts in non-taxable ways.

These individuals still live in high-end homes, vacation internationally, and pay for private school — yet none of that lifestyle is reflected in their CRA income.

2. Debt Is a Key Financial Tool for Wealthier Households

In today’s financial system, debt is not a sign of distress — it's a tool for leverage. Whether through Home Equity Lines of Credit (HELOCs), refinancing, or interest-only mortgages, affluent homeowners are able to tap into the equity in their homes to finance their lifestyles.

And none of this “liquidity” appears as income on their tax returns.

So if you're comparing average home prices to reported income — you're comparing real-time market prices to a filtered version of financial reality.

Debt Per Capita in Canada Is Soaring

To add even more weight to this argument, consider this: Canada now has one of the highest household debt-to-income ratios in the world.

According to the Bank of Canada, Canadian household debt now exceeds 180% of disposable income. That means for every $1 of after-tax income, Canadians owe $1.80.

This rise in debt is especially prominent in cities like Toronto and Vancouver, where home prices have outpaced income growth for decades.

So while affordability ratios may suggest housing is completely unaffordable — many Canadians are still buying homes. How? Through debt.

Example 1: The Incorporated Consultant (Using Dividends + Retained Earnings)

Profile: A self-employed consultant runs their business through a corporation and reports $100K in personal income through dividends.
Reality:

• The corporation earns $400K annually but retains most of the profits within the company.

• The consultant draws out just enough to maintain a modest personal income (lowering personal taxes).

• Meanwhile, the corporation pays for a car, business travel, even part of the home office expenses.

• The consultant secures a mortgage using stated income or net-worth lending, and buys a $2.5M home with a large down payment.

• Living expenses are supplemented using a HELOC secured against the home or funds drawn from the corporation.

Result: Modest CRA income, low personal taxes, high actual cash flow.

The Multigenerational Household

Profile: A family reports $100K combined income across two adults.
Reality:

• They purchased their home with the help of extended family (e.g., parents helping with down payment).

• Parents co-sign on the mortgage or lend money interest-free.

• The household’s living expenses are shared, lowering the per-person burden.

• Home equity is tapped through a HELOC to renovate, invest, or fund a business.

Result: Ownership in a high-priced neighbourhood, low reported income, but solid family-backed financing.

What Does This Mean for You?

If you're a first-time buyer, immigrant, or simply trying to make sense of the market — don’t let national affordability ratios define your sense of possibility.

They’re based on averages, aggregates, and incomplete income data. They don’t reflect your unique financial situation, your potential for growth, or your long-term goals.

More importantly, they don’t account for the real drivers of purchasing power today: financial structuring, equity, and access to credit.

The Bottom Line

Housing affordability is complex, and that’s exactly why we need to stop oversimplifying it.

Yes, prices are high. Yes, income growth hasn’t kept pace. But the numbers we rely on to measure the gap? They’re based on flawed assumptions.

So before you let the headlines scare you — ask better questions. Look beyond the ratios. And if you need clarity tailored to your situation, connect with someone who understands how this system really works.

I'm here to help you do exactly that. Let’s connect and start the conversation early.

Real estate, like everything else, is cyclical. It pulls in the unprepared, rewards the strategic, and resets itself over time. Toronto’s market is no exception. After a decade dominated by condo launches and investor-driven flipping, the rhythm is shifting and those paying attention are already adapting.

Condo Slowdown, Rental Surge

Roughly 18 months ago, Ontario’s new condo construction slowed to a crawl. High interest rates, elevated construction costs, and investor fatigue forced many developers to hit pause.

But that didn’t stop residential development. It just changed shape.

Enter Purpose-Built Rentals (PBRs) large-scale rental communities backed by institutional capital, often offering better layouts, family-friendly amenities, and long-term stability.

Condo Inventory Hits a Wall

According to Urbanation, in Q2-2025:

24,045 pre-construction units in Toronto remain unsold, that’s equivalent to 60 months of supply, and 55% of new condo units launched in Q1-2025 went unsold, just shy of a 30-year record.

“Project cancellations are mounting, construction starts are collapsing, jobs are being lost, buyers are losing a lot of money…” Shaun Hildebrand, President, Urbanation. Since 2024, 28 pre-sale projects (5,700+ units) have been paused, cancelled, or converted to rentals.

PBRs: The New Face of Urban Housing

This shift is reinforced by massive government investment: In 2025, the federal government pledged $15 billion to support 30,000+ new rental units across Canada. Over the next five years, up to $40 billion will be invested in rental supply via programs like the Apartment Construction Loan Program and Housing Accelerator Fund. Toronto alone expects 8,872 new purpose-built rental units to be delivered in 2025, the most in decades.

Meanwhile, Urbanation and FRPO (The Federation of Rental-Housing Providers of Ontario) estimate 55% of existing rental sites in the GTHA can support infill development, representing potential for over 182,000 new units.

What It Means for Renters

At first glance, Purpose-Built Rentals (PBRs) might seem like a win for tenants. Many advertise generous move-in incentives, 1 to 3 months of free rent, gift cards, or free parking, but the real cost kicks in later.

Here’s the catch: PBRs are run by institutions, pension funds, REITs, and private equity firms, who are in the business of maximizing shareholder returns, not offering long-term affordability. Because these buildings are newer than November 2018, they’re exempt from Ontario’s rent control guidelines. That means landlords can increase rents by any amount once your lease is up, provided 90 days' notice is given.

📍 Real examples from tenants across Toronto:

• In buildings like The Selby (Sherbourne & Bloor) or The Livmore (Bay & Gerrard), renters have reported rent hikes of 10%–15% in year two, well beyond the Ontario guideline of 2.5%.

• At eCentral at Yonge & Eglinton, tenants moving in with 2-month incentives found themselves paying up to $300 more/month when renewing.

• Similar stories are being shared from Forma at Yonge & College, The Parker at Yonge & Eglinton, and even new buildings along Front Street in downtown's East Bayfront.

In addition, monthly costs are higher in many PBRs:

• Utilities (water, hydro, and even heating/cooling) are often extra and based on usage, not bundled like older buildings.

• Service fees like locker maintenance, pet cleaning stations, digital concierge, or package room access may not be disclosed upfront.

Bottom line: Ask current tenants what their rent is now, not just what it started at. Incentives might mask the real affordability challenges after year one.

What It Means for Buyers on the Sidelines

If you're currently renting or waiting for the “right time to buy,” this shift toward institutional rentals might impact your timeline more than you think.

As more units shift from ownership (condos) to long-term rentals (PBRs), we may see less inventory available to purchase in the coming years. Developers are choosing the steady returns of institutional leasing over pre-construction volatility. That means fewer units for sale, and the ones that remain may come with premium pricing due to scarcity and larger floor plans aimed at end-users.

So, while it might feel safer to “wait and see,” many buyers may find themselves competing for a shrinking pool of ownership opportunities, especially in core areas with good transit, schools, or future growth.

For renters who plan to stay in Toronto long-term, owning could offer more control and cost certainty than jumping from lease to lease under fluctuating rents.

Here’s My Role

Whether you're a first-time buyer, growing family ready to upsize, planning for retirement I’m here to guide you every step of the way. I’ve helped hundreds of buyers and sellers make informed, confident real estate decisions in Toronto.

Toronto real estate is transforming, but those who understand the rhythm of the cycle, not just the noise, will be the ones who thrive.

📩 Reach out if you want to chat strategy, timing, or what this shift means for your next move. Let’s make the market work for you.

🐣From 50,000 Chickens to $1M deals: My Unexpected Path to Real Estate as an Immigrant to Canada 🇨🇦

In 2004, at just 14 years old, I started my first job helping my father run our family’s broiler poultry farm.

Every two months, we raised up to 50,000 chickens, feeding over 4,000 people a month in our community. It was high-stakes work. We had no systems, no software just instinct and hustle.

So I turned to Excel. Who knew this was going to be our 1st leap into digital transformation.

I started tracking everything manually:

1. Livestock growth and health

2. Humidity, temperature, water and diesel usage

3. Feed consumption and conversion ratios

Then I built a tool to help us predict outcomes, minimize losses, and make better decisions. It worked to the point where we were in a position to utilize all the data insights to optimize operations, scale the business, and bring transparency to every process.

We scaled the farm. Modernized our systems. Increased shareholder returns. To the point where all investors managed to fund their children's university education abroad across the U.S., Canada, and the U.K.

Looking back, I didn’t know it then, but I was learning the fundamentals of data-driven problem-solving, risk management, and strategic thinking, skills I now use daily in real estate.

🌱 Fast-forward 20 years…

Today, I serve homebuyers, sellers, and investors across the Greater Toronto Area with that same mindset, grounded in curiosity, systems, and strategy.

My approach isn’t based on hype or guesswork. It’s based on what I call a Multifecta lens, a layered, research-based way of understanding what drives real estate value. It includes:

📊 Real estate market data: supply, demand, absorption rates, and price trends

🏗️ Public infrastructure and investment: upcoming transit lines, zoning changes, and revitalization plans

🌆 Community development: school ratings, parks, retail anchors, and livability upgrades

🧠 Buyer and seller sentiment: what people are feeling, not just what they’re doing

🌐 Macroeconomic & political dynamics: fiscal & monetary government policies, immigration programs, and geopolitical events 

🔍 Why This Matters

Understanding sentiment, how buyers and sellers feel about the market, is often the missing piece. Emotions drive timing, pricing, and negotiation behaviour.

Through heavy research, economic insight, and ongoing conversations with other agents and clients, I help you tap into that layer.

As a buyer, this gives you an edge: you know when to act, when to wait, and how to craft offers that land.

As a seller, it helps us set realistic pricing, build trust with buyers, and maximize your net proceeds by anticipating what others will bring to the table.

💡 It’s Not About Guessing, it’s About Seeing the Whole Board

Real estate is emotional, but decisions don’t have to be impulsive.

Whether you’re buying your first home or selling your investment, I bring a research-backed, empathetic, and strategic approach to help you move with clarity and confidence.

✨ From chickens and spreadsheets to real estate and negotiations. Curiosity, partnerships, and making a positive impact in this universe still drive everything I do.

📩 Curious about how this approach could support your real estate goals? Let’s connect.

Thank you for considering me to help rent out your property. I want to take a moment to explain what it means to list your property for rent when we work together, so you know exactly what to expect. 

Let’s break it down into 8 steps

1. Pricing Strategy & Market Analysis

Getting the price right is the first step to renting your property successfully. I start by conducting a detailed comparative market analysis (CMA) that looks at similar properties currently listed and recently leased in your building or neighborhood. I assess factors like square footage, layout, finishes, parking, and views to position your unit competitively.

Beyond the data, I also factor in seasonal demand trends, vacancy rates, and recent tenant behavior to determine what price point will attract strong interest without sitting on the market. The goal is to strike the perfect balance: maximizing your rental income while minimizing vacancy time and tenant turnover.

Once we lock in a price, I guide you on how to highlight your property’s strengths so it stands out against the competition—whether it’s natural light, storage, outdoor space, or proximity to transit.

2. Marketing Your Property

Once we sign a listing agreement, I’ll begin marketing your rental professionally. This includes:

• High-quality photos (and video tours if needed)

• A compelling, accurate property description

• Posting on RE/MAX, MLS, and Realtor.ca

• Promoting to my agent network and social media including Instagram, Facebook, TikTok, YouTube, and LinkedIn

3. Managing Showings

• Scheduling & confirmation: I handle all appointment requests and use showing‑management software so you always know who’s coming and when.

• Guided tours: I or a licensed REALTOR® in Toronto attend every showing to spotlight key features and answer questions on the spot.

• Security: Lights on/off, doors locked, and detailed sign‑in tracking for full accountability.

• Feedback loop: Post‑showing summaries so you see how the market is responding in real time.

4. Tenant Screening

All prospective tenants will be carefully screened to ensure they meet your requirements. This includes:

• Credit check via Equifax, TransUnion, or SingleKey

• Employment and income verification, including:

  • Letter of employment

  • 1–2 months of recent pay stubs

• References from previous landlords and their contact information

• On a case-by-case basis, I may also request:

  • 3–6 months of recent bank statements (chequing/savings)

  • Official study permit

  • University or school registration confirmation

  • Proof of tuition payment

  • Valid work permit

  • Marriage certificate (to confirm shared responsibility of a dependent)

All documents are reviewed for authenticity and completeness before being presented to you.

5. Shortlisting Tenants for Your Review

I’ll only present you with qualified, pre-vetted candidates, so you save time and can feel confident in your decision. You’ll receive:

• A summary of each candidate

• All supporting documents in one place for easy comparison

• My professional recommendation (but final decision is always yours)

6. Negotiating and Preparing Lease Documents

Once we identify an ideal tenant, I’ll take care of:

• Negotiating lease price and terms to protect your interests

• Drafting the Agreement to Lease (Form 400)

• Ensuring deposits are submitted as a bank draft or certified cheque

• Preparing the Ontario Standard Lease with supporting schedules

• Collecting e-signatures from both parties

7. Move-In Coordination

After lease signing, I’ll guide the tenant through a smooth move-in process:

• Utility transfer (hydro, gas, etc.)

• Tenant’s property and liability insurance

• Finalizing rent payment setup (e-transfer, cheques, or other)

• Setting expectations for keys, access, and next steps

8. Key Handover

I’ll coordinate the key exchange either:

• In person or

• Via a lockbox (based on your preference and availability)

If you have any questions or would like to get started, I’m just a call or text away. Looking forward to helping you find the right tenant!

Elie Yachoui - Toronto REALTOR®

+1.416.881.2231

ElieHomes.TO@gmail.com

Selling a property in Toronto is a complex process influenced by a variety of factors, from economic conditions to the timing of the real estate market, the neighbourhood, the building, and even the property itself.

One of the most crucial elements, however, is accessibility. How easily buyers can envision themselves in the space. This becomes especially important when considering the data: in 2024, only 21% of tenanted condo listings sold, compared to 38% of owner-occupied or vacant units.

Tenanted condos face a tougher market, making it essential for sellers to approach the process strategically while remaining compliant with LTB rules and regulations.

With limited options available to sellers and landlords in Ontario, here are 3 key strategies to consider when selling your property and ensuring it remains attractive to potential buyers.

3 Main Approaches

Option 1

Buyer Assumes Tenant

Simplicity Level: High

How It Works:

• Seller lists the property and sells it with the tenant remaining in place

• The buyer takes over as the new landlord

Key Condition:

• Valid for most lease terms

• The tenant’s lease remains unchanged, and the new owner must honour the existing rental terms

Risk of Tenant Refusal:

• No risk, the tenant remains

From the Seller's Perspective

Suppose you can achieve a higher sale price by painting and staging your property. In that case, it's in your interest to negotiate an N11 agreement with your tenant and have them vacate before you begin marketing the property for sale. In most cases, a vacant property will sell for more than a tenanted property. 

Even if you don’t want the tenant to move out immediately, agreeing to the basic terms of an N11 will ensure your sale process is much smoother because most buyers today are asking for a signed N11 rather than an N12 notice. 

The downside is that you'll have to spend some money to compensate your tenant.

From the Buyer's Perspective

You can be far more confident that the tenant will move out by the closing date if they have signed an N11. 

There is still a slim chance that the tenant will not move out, but this is less common when tenants sign an N11. You can try to include a clause requiring the Seller to compensate you if the tenant fails to move out on closing.

Disclaimer: This information is provided for general informational purposes only and should not be considered legal or professional advice. I am not an expert on the Residential Tenancies Act (RTA), and sellers should consult the Landlord and Tenant Board (LTB) or seek legal guidance to ensure they are following the correct procedures and regulations.

Whether you're a Baby Boomer looking to secure long-term returns or a Millennial seeking to invest in a growing market, Toronto’s real estate landscape offers unique opportunities for everyone. The key to making smart real estate investments lies in identifying neighbourhoods on the cusp of evolving communities and lifestyles — before they hit peak value. You can find such neighbourhoods in downtown and mid-town with Price Per SQFT ranging between $1,000 - $1,800. Toronto, a city that thrives on growth and innovation, continues to experience a transformation across its neighbourhoods, with 2025 set to bring even more exciting changes.

Backed by Ontario’s Transit-Oriented Communities (TOC) program, investors now have an unprecedented chance to not only build wealth but also contribute to Toronto's evolution. The TOC initiative focuses on developing vibrant, mixed-use communities along key transit corridors. These communities will offer a blend of housing—including affordable options—along with job opportunities, retail spaces, and public amenities, all conveniently located near major transit hubs.

With the province’s 4 new subway projects, GO Transit expansions, and Light Rail Transit (LRT) initiatives, these neighbourhoods are primed for significant growth.

The following 5 up-and-coming neighbourhoods, stretching from East to West, are excellent examples of where the potential is greatest for value investors. Here's why they should be on your radar.

1. Gerrard St. East

Proximity to a Go-to Hot Spot:

Gerrard Street East is becoming what Leslieville was 10 years ago. Sandwiched between the bustling Danforth and the vibrant Queen Street East, this neighbourhood has undergone major transitions. The area is now packed with new storefronts, cafés, and restaurants along the Gerrard strip, which brings the lively energy of nearby hot spots right to your doorstep.

Access to Public Transit:

Gerrard Street East enjoys fantastic public transit access. The 506 streetcar can take you to College Station, connecting you to Line 1, and getting you to Union Station in about 25 minutes. This makes the neighbourhood a prime choice for downtown professionals looking for an affordable yet accessible area to live.

Available Parks:

Residents here can enjoy several parks like Greenwood Park, with its ice rink and pool, or Monarch Park, offering sports fields, an off-leash dog park, and a community swimming pool. You’re also within biking distance of Woodbine Beach, adding another layer of recreational value.

Available Schools:

This area is home to several schools, including Bowmore Road Junior and Senior Public School and Monarch Park Collegiate Institute. These schools provide strong academic programs and extracurricular activities, making it appealing for families looking to settle in the area.

Redevelopment Projects Resources:

- Gerrard-Carlaw North 

- Gerrard-Carlaw North – Transit-Oriented Community

- Gerrard-Carlaw South – Transit-Oriented Community

Talk to Elie

2- Birchcliff

Proximity to a Go-to Hot Spot:

Located just east of The Beaches, Birchcliff is a natural extension of the east-end gentrification wave. It’s nestled along Kingston Road, which is becoming a new go-to strip for boutique shops, eateries, and galleries. With close proximity to the lake, residents have access to beautiful waterfront parks and trails, all while staying just a short drive from the vibrant Queen Street East area.

Access to Public Transit:

Birchcliff is well-connected via the Victoria Park and Warden subway stations, which get you to Union Station in approximately 35 minutes. Additionally, several bus routes connect to TTC street-cars in the area, making it accessible to those commuting by public transit.

Available Parks:

The neighbourhood is known for its proximity to exceptional green spaces like Toronto Hunt Club, one of Canada's most historic golf clubs, the Bluffer’s Park and Beach, where you can enjoy some of the best views of Lake Ontario. Birchcliff also has Rosetta McClain Gardens, a peaceful park perfect for leisurely walks and bird-watching.

Owl Watching Near Home

I’ve personally seen the Great Horned Owl and the Barred Owl during spring season at the Rosetta McClain Gardens.

Available Schools:

There’s a variety of schooling options in Birchcliff, including Birchcliff Public School and Neil McNeil Catholic High School. Both are highly rated and offer a range of extracurricular activities, ensuring that families have access to strong educational institutions.

Talk to Elie

3. Cliffside

Proximity to a Go-to Hot Spot:

Cliffside, located just east of Birch Cliff along Kingston Road, is another hidden gem poised for growth. With a mix of charming residential streets and increasing commercial development, the area is attracting attention from both homebuyers and investors alike. Just minutes from the scenic Scarborough Bluffs and Lake Ontario, Cliffside offers the perfect blend of nature and urban amenities. The ongoing redevelopment along Kingston Road, which includes new cafés, restaurants, and retail spaces, positions Cliffside as a natural extension of the revitalization seen in nearby Birch Cliff and The Beaches.

Access to Public Transit:

Cliffside is conveniently served by several TTC bus routes that connect to the Victoria Park and Warden subway stations, getting you to Union Station in about 35-40 minutes. Additionally, the Scarborough GO Station is a quick drive away, offering a 20-minute ride to downtown Toronto. With future transit improvements as part of Ontario’s transit initiatives, Cliffside’s accessibility will only increase, making it a great spot for commuters.

Available Parks:

Nature lovers will appreciate the area’s proximity to the iconic Scarborough Bluffs and Bluffer’s Park, offering some of the most scenic views in Toronto. Locally, Scarborough Heights Park provides green space, walking trails, and playgrounds, making it a family-friendly destination. The neighbourhood’s connection to Lake Ontario is one of its biggest draws, providing residents with easy access to water activities and outdoor recreation.

Available Schools:

Cliffside boasts several reputable schools, including Cliffside Public School, St Theresa Shrine Catholic School and R.H. King Academy, a well-regarded secondary school known for its strong academic programs. With the neighbourhood continuing to grow, access to quality education and local amenities makes it an attractive location for families and investors alike.

Cliffside, much like Birch Cliff, is experiencing steady growth and has strong potential for real estate appreciation. Get in touch with me today to learn about the new developments in the neighbourhood.

Redevelopment Projects Resources:

- Scarborough Subway Extension 

- Lawrence East – Transit-Oriented Community

Talk to Elie

4. St. Clair West

Proximity to a Go-to Hot Spot:

St. Clair West is rapidly emerging as one of Toronto’s most attractive west-end neighborhoods, blending urban sophistication with community charm. Positioned just north of the ultra-posh Forest Hill and Summerhill, St. Clair West is benefiting from the wave of luxury developments pushing westward. The neighborhood is known for its vibrant streets lined with chic cafés, boutique shops, and cultural landmarks such as the Artscape Wychwood Barns—a hub for arts, community events, and farmers' markets.

Homes for Millennials

The area is seeing a surge in demand, fuelled by the rise of trendy low-to-mid-rise condos and mixed-use developments, particularly along St. Clair Avenue West and in nearby pockets like Carlton Village and Junction-Wallace Emerson. These areas south of St. Clair are becoming hotspots for young professionals and families, thanks to their accessibility, unique character, and growing amenities. For savvy real estate investors, St. Clair West offers strong potential for both property appreciation and rental income, especially as more upscale projects are slated for development in the coming years.

Access to Public Transit:

St. Clair West is well-served by the 512 streetcar, which connects residents to the St. Clair and St. Clair West subway stations on Line 1. A trip to Union Station takes about 25 minutes, making it an excellent location for those commuting to the downtown core.

Available Parks:

This neighbourhood is rich in green spaces. Residents can take advantage of Cedarvale Park, which offers sports facilities, playgrounds, and scenic trails. There’s also Sir Winston Churchill Park, a perfect spot for nature lovers seeking a retreat within the city.

Available Schools:

St. Clair West boasts some of the best schools in the city, including Hillcrest Community School and Oakwood Collegiate Institute. These schools are known for their strong academic programs and extensive extracurricular offerings, making it a desirable neighborhood for families.

Talk to Elie

5. The Junction Triangle

Proximity to a Go-to Hot Spot:

The Junction Triangle has become one of Toronto’s most dynamic and trendy neighborhoods. Located between The Junction and Bloordale Village, this area is brimming with breweries, cafés, boutique shops, and restaurants. Its growth is driven by a “Smart Living” philosophy, where developers and urban planners are designing communities that provide residents with everything they need within a five-minute walk or bike ride. In The Junction Triangle, you’ll find big retail stores, groceries, entertainment venues, medical services, beauty salons, and schools all in close proximity. This makes it a convenient and vibrant place to live, where your daily needs are met just steps away from your door.

Access to Public Transit:

The Junction Triangle is incredibly well-connected, with Dundas West subway station on Line 2 and the Bloor GO/UP Express Station nearby. A trip to Union Station takes only 20 minutes by subway, and just 7 minutes on the UP Express, making this one of the most commuter-friendly neighbourhoods in the city.

Available Parks:

This area is home to Perth Square Park and Campbell Park, both offering sports facilities and community events. Plus, High Park, Toronto’s largest public park, is just a short bike ride away, providing residents with access to walking trails, a zoo, and playgrounds.

Available Schools:

The neighbourhood has excellent educational options, including Perth Avenue Junior Public School and Saint Rita Catholic School. With the area’s smart development plans, new schools and childcare facilities are also expected to be introduced in the coming years.

Redevelopment Projects:

1- Bloor & Dundas Master Plan Toronto, ON

2- Galleria Mall Redevelopment Toronto, ON

The Future of Toronto’s Neighbourhoods

As Toronto’s population continues to grow, city planners are increasingly adopting the philosophy of creating “urban nodes” in neighbourhoods around major infrastructure upgrades, new transit lines, bridges, or malls. These nodes aim to decentralize the city’s population and reduce congestion by providing residents with all necessary amenities within their local communities. Over the next five years, we’ll see this concept proliferating across Toronto’s up-and-coming neighbourhoods, making these areas ideal for investment and long-term growth.

Keep an eye on these five neighbourhoods—they’re poised for a major boom!

Want to learn more about the 4 Priority Subway Projects in Ontario, I’ve compiled the following resources for you:

1- Ontario Line

2- Yonge North Subway Extension

3- Scarborough Subway Extension 

4- Eglinton Crosstown West Extension Ontario Line

4- Hamilton LRT

Talk to Elie

If you're planning to buy a home in Toronto, one of the most important first steps is securing mortgage pre-approval. Before diving into the house-hunting process, getting pre-approved can save you time and streamline your search. It helps you understand the price range you can afford, allowing you to budget effectively and focus your efforts on homes within your financial reach.

Additionally, a pre-approval lets you lock in a great mortgage rate ahead of time, protecting you from potential rate increases during your search.

In this guide, we’ll walk you through everything you need to know about mortgage pre-approval in Canada, specifically in the competitive Toronto market, and how to shop for the best mortgage rates.

What is a Mortgage Pre-Approval?

A mortgage pre-approval is a lender’s conditional offer that estimates the mortgage amount you may be eligible for based on your financial situation. It is not a guaranteed loan but rather a measure of affordability level that asses your creditworthiness and financial stability. During the pre-approval process, the lender evaluates your:

• Income

• Credit score

• Investment & Assets

• Debt levels & Liabilities

• Other factors

to give you an idea of how much you can borrow.

Once pre-approved, you’ll receive a pre-approval letter, which outlines the loan amount and interest rate you’re qualified for, typically valid for 60 to 120 days. This letter not only helps you set a clear budget for your home search but can also give you an advantage in negotiations, as sellers see you as a serious buyer.

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Why is Mortgage Pre-Approval Important?

1. Clear Budgeting: Pre-approval gives you a clear understanding of how much you can afford, helping you narrow down your home search when working with realtor to properties within your budget.

2. Secures Interest Rates: Once pre-approved, you can lock in a favorable mortgage rate for a set period, ensuring you're protected if interest rates rise before you finalize your purchase.

3. Speeds Up the Buying Process: Being pre-approved shows sellers that you’re a serious buyer, potentially giving you an edge over other buyers who haven’t secured financing yet.

4. Smoothens the Closing Process: When you’ve already completed the pre-approval, the final loan approval process becomes quicker and more efficient, helping you close on your home faster.

How to Shop for Mortgage Rates?

When shopping for the best mortgage rates in Toronto, you have two main options:

You can either speak directly to lenders and banks or work with a mortgage broker. Both methods have their advantages, and choosing the right one depends on your specific needs.

1. Shopping for Mortgage Rates Directly to Lenders and Banks

If you prefer a hands-on approach, you can reach out directly to banks, credit unions, and discount mortgage lenders. This method allows you to have more control over your research and build direct relationships with financial institutions.

Advantages:

• Efficient: Submit a mortgage pre-approval application online directly with RBC, TD, CIBC, BMO or discount mortgage lenders like Pine or Nesto

• Personalized Service: By dealing directly with lenders, you can receive tailored advice and more personalized customer service, which can be helpful in understanding the full terms and conditions of each mortgage offer.

• Special Offers: Some banks or lenders may have exclusive promotions, lower interest rates, or better terms for loyal customers or specific financial profiles. By speaking directly to multiple lenders, you may gain access to these special offers.

• Direct Control: You are in full control of comparing different rates and can negotiate terms yourself

Disadvantages:

• Time-Consuming: Contacting multiple lenders one by one can be a lengthy process, as you’ll need to submit your financial details separately for each lender.

• Limited Comparison: You may only be able to compare the rates and products offered by the specific institutions you contact, limiting your ability to assess the full range of mortgage options available.

2. Shopping for Mortgage Rates Through a Mortgage Broker

A mortgage broker acts as a middleman between you and potential lenders, negotiating on your behalf to find the best mortgage rates and terms. Brokers work with multiple lenders, including banks, credit unions, and private lenders, allowing you to access a wide range of mortgage options.

You can ask your realtor for a referral to a mortgage broker or you can go directly to online mortgage brokers like Ratehub.ca and find your own broker.

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Advantages:

• Access to Multiple Lenders: Mortgage brokers can compare offers from several lenders at once, saving you time and offering more comprehensive rate comparisons.

• Better Rates: Brokers often have access to wholesale mortgage rates, which are lower than what banks may offer directly to consumers. They can also negotiate rates on your behalf, increasing your chances of securing a better deal.

• Expert Advice: Mortgage brokers are industry experts who can help you navigate complex financial terms, making the process easier to understand. They can also provide guidance on which type of mortgage is best suited to your financial situation.

Disadvantages:

• Broker Fees: Some brokers charge a fee for their services, although many are compensated by the lender. Be sure to understand any costs upfront.

• Less Direct Control: While brokers can provide numerous options, you’ll have less direct control over negotiations compared to working directly with lenders.

What to Prepare for a Mortgage Pre-Approval in Toronto

To get pre-approved for a mortgage, you’ll need to gather several financial documents, including:

• Proof of Income: Pay stubs, tax returns, and employment letters that verify your income.

• Credit Report: Lenders will review your credit history to assess your creditworthiness. A higher credit score increases your chances of securing better mortgage terms.

• Assets and Liabilities: Details on your current assets (such as savings and investments) and liabilities (such as credit card debt, student loans, or car loans).

• Identification: Government-issued ID to confirm your identity.

Conclusion

Mortgage pre-approval is a crucial step in the home-buying process in Toronto, providing you with a clear budget, securing competitive rates, and positioning you as a serious buyer. Whether you choose to shop for rates directly through lenders or work with a mortgage broker, taking the time to compare offers ensures you get the best possible deal.

By securing a pre-approval and understanding the mortgage options available, you’ll be well on your way to making informed and confident decisions in Toronto’s competitive real estate market.

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Canada's population is growing at an unprecedented pace, with the working-age demographic surging by 47% in early 2024. This rapid expansion, largely driven by immigration, is intensifying pressure on an already constrained housing market.

Housing demand is far outpacing supply, leading to housing shortages and skyrocketing prices, exacerbating the ongoing affordability crisis. Economists caution that while this growth brings economic potential, the housing market may worsen before it improves, as limited stock struggles to meet the swelling demand. In response, the federal government is weighing the possibility of reducing immigration to alleviate some of this pressure on housing.

Despite these challenges, Ontario—particularly Toronto and the Greater Toronto Area (GTA)—continues to be a hotspot for real estate investment. Here's why:

Why Toronto is a Top Destination for Real Estate Investment Amid Population Growth

1. Population Growth Driven by Immigration and Job Opportunities

Ontario, and especially Toronto, has long been a magnet for immigrants. Toronto offers vast job opportunities in key sectors such as finance, technology, and healthcare. With a strong labor market and a growing influx of skilled workers, the demand for housing continues to climb. Moreover, foreign investment in Toronto’s economy, particularly in real estate, is driving the development of condos and housing projects of varying sizes across the city.

In particular, immigrants, skilled workers, and students from across the globe are attracted to Toronto due to its reputation for career growth and financial stability. This ensures a steady demand for residential properties, especially in areas well-connected to the city’s major job hubs.

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2. Government Investment in Infrastructure and Education

To support this influx of population, the Ontario government is investing heavily in infrastructure development, from transportation networks to new schools and universities. The development of institutions like the University of Toronto’s Scarborough medical school has not only enhanced educational opportunities but also increased demand for nearby housing, making surrounding areas prime targets for real estate investment.

These investments help build vibrant communities, attracting both international students and skilled professionals. The focus on healthcare infrastructure and world-class research hospitals further solidifies Toronto as a destination for people looking to settle down long-term.

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3. Toronto’s Resilience Despite Economic Slowdown

Despite slower economic growth between 2023 and 2024, Canada remains an attractive destination for skilled workers, particularly in industries like finance, technology, and healthcare. With top-tier companies continuing to hire talent, and students flocking to Canada’s prestigious universities, Toronto maintains its status as a premier destination for career-driven individuals. These factors help sustain a steady housing demand.

Even as the broader economy adjusts, Toronto’s real estate market remains resilient, especially for condo developments. Many investors are recognizing that the combination of steady population growth and strategic urban development makes Toronto a reliable place for long-term returns on investment.

Top Reasons to Invest in Toronto’s Real Estate Market

1. Strong Population Growth: Immigration is driving continuous population growth, leading to sustained demand for housing. With Ontario being a preferred choice for skilled workers and students alike, the GTA is one of the most stable housing markets in Canada.

2. Job Opportunities and Economic Stability: Toronto is home to numerous multinational corporations in finance, technology, and healthcare, offering abundant job opportunities. This steady stream of skilled professionals further fuels the demand for housing.

3. Government Support for Infrastructure and Education: Major government investments in transportation, schools, and universities are enhancing the city’s livability and increasing demand for nearby housing.

4. Expanding Healthcare Sector: With top-tier hospitals and healthcare facilities, Toronto is also attracting healthcare professionals and patients, further driving the need for housing in proximity to medical centers.

5. High Rental Demand: With the influx of international students attending universities like the University of Toronto, there is a significant demand for rental properties, making it a lucrative market for condo investors.

6. Diverse Real Estate Options: Toronto offers a wide variety of housing options, from luxury condos in the downtown core to more affordable developments in the suburbs, catering to a broad range of buyers and investors.

7. Consistent ROI: Despite temporary economic slowdowns, Toronto's real estate market has a proven track record of providing strong returns on investment. As a growing global city, it continues to attract international attention from investors looking for long-term stability.

To get a better understanding of population growth in Ontario, use this interactive dashboard to view population growth.

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Conclusion

Toronto’s real estate market presents a promising opportunity for investors looking to capitalize on Canada's rapid population growth. With demand driven by immigration, job opportunities, and strong governmental investment in infrastructure and education, the city is poised to remain a top choice for real estate investment. As Canada continues to attract skilled workers and international students, the housing demand in Toronto will only grow, ensuring a steady return on investment for years to come.

Investing in Toronto is not just about buying property; it’s about securing a stake in one of the most vibrant and rapidly growing cities in North America.