The first Lieutenant Governor of Upper Canada, John Graves Simcoe, tried to persuade his British employers that Toronto was the choice location for a military/naval power base in Upper Canada. His advice fell on deaf ears, but not before he had been instrumental in clearing land for a road running north from the shores of Lake Ontario to the Holland River. This road, known as Yonge Street, is the axis along which the city has grown over the last 200 years.
Today, the most sought after residential neighbourhoods can be found on either side of Yonge Street and within walking distance from the stations of the Toronto Subway System. These established neighbourhoods have wthin their environs, the shopping, dining, transit and support services that all speak to quality of life in an urban setting.
The owners of real estate located along the Yonge Street corridor have always enjoyed handsome gains in the value of their holdings. As the city continues to grow, it is a rock solid bet that the demand for the best real estate locations will always run ahead of supply.
I have been helping clients buy and sell real estate since 1975. In that time, prices have increased ten-fold and more. Commute times to work have lengthened along with suburban travel routes and continue to put upward pressure on the price of centrally located properties. Gentrification of modest neighbourhoods, infill projects and the development of condominium and co-operative housing will continue during the years to come. The future of Toronto promises to be as exciting and dynamic as its past.
Whether you are buying or selling, I welcome the opportunity to be of assistance. I invite you to call me at 416-925-9191 or to send me an e-mail by clicking on the link below. Your call is welcome at any time and will be held in confidence.
Best wishes for a positive and rewarding journey into Toronto’s real estate market.