First Time Home Buyers: Financial Incentives To Know About

The Ultimate Guide To Relocating To Toronto in 2019

Deciding to move to Toronto can be an exciting move: it’s a bustling metropolis with charm and life around every corner.

However, as with moving to any big city, moving to Toronto can be daunting and does come with some challenges of its own. Where do you move to? How much will it cost? How do you get around the city?

These are all important questions you will need to ask when deciding to move to The 6ix. But don’t worry, I’ve put together this complete guide to moving to Toronto to help you with the transition!

Read on to find out everything you need to know about living in Canada’s largest city.Toronto skyline at dusk

Neighbourhood

 

One of the first things you will want to think about is where in the city you would want to live.

Toronto is one of the most diverse cities in the world with hundreds of distinct neighbourhoods and suburbs. Each area has its own unique feel and flavour, from historical tree lined streets to bustling skyscraper filled downtown.

While there are many neighbourhoods to choose from, I’ve decided to highlight some of my favourite neighbourhoods in Toronto here.

Mimico

 

A historic neighbourhood founded in 1856, Mimico is a harbourfront area to the southwest of Toronto. This leafy municipality is home to plenty of charming recreational facilities, like the Etobicoke Yacht Club, tennis courts, and countless picturesque parks. The average cost of a home in Mimico is around $650,000, and the average rent for a two bedroom home is $2,100. Mimico is perfect for families, with plenty of great schools and access to the water just moments away.

Liberty Village

 

Another historic area of Toronto, Liberty Village got its name from being the first street that freed prisoners would walk onto after being released from the old local prison. These days, Liberty Village has exploded into a vibrant, bustling metropolis filled with glittering skyscrapers, new restaurants, and office buildings. The average list price for a home in Liberty Village is $690,000 and the average rent for a two bedroom is $2,600. This area is ideally suited to young couples who are looking for all the modern conveniences of living in downtown while still getting some historical charm.

Trinity Bellwoods

 

Trinity Bellwoods is by some measures the most desirable neighbourhood in the city. Named after the gorgeous, expansive park at its centre, Trinity Bellwoods is the trendiest area of downtown Toronto, featuring an endless list of unmissable cafes, restaurants, local shops and artisanal fare. Being this hip doesn’t come cheap, with the average home costing $1.4 million and the average rent for a two bedroom home coming in at $2,800. If you’re a foodie or an artistic type, this is definitely the area for you.

King East

 

King East is the industrial chic neighbourhood of Toronto, home to the iconic St Lawrence Market and the Distillery District. This area of the city is an architect’s dream, with the Flatiron Building and art deco apartments aplenty. The average home price sits around $1.2 million and the average two bedroom rent is $2,500. If you are a young professional couple looking to live in the big city, King East should be at the top of your list.

Transit

 

Once you’re here, you’ll want to know how to get around. There are a few options.

The Toronto Transit Commission (or the TTC) is the main form of public transit in Toronto that the majority of Torontonians use to get around the city. The network is made up of subways, buses and the iconic Toronto streetcars. Frequently voted the best transit network in North America, a monthly pass costs $146.60 for unlimited travel, or a single ride costs $3.

There is also an extensive network of highways in Toronto, allowing for easy car access to downtown from the north, east and west of the city. Parking is notoriously expensive downtown, but if your job includes a parking space that is a perk to be mindful of.

The flatiron building in downtown toronto

Culture

 

With almost 50 percent of the city’s population born outside of Canada, Toronto is often called ‘the most multicultural city in the world.’

The 6ix boasts over 200 ethnic groups from all over the world, with over 140 languages spoken. People from the UK, Ireland, China and Italy, to name a few, represent some of the larger cultural groups, while smaller communities include people from Iran, the Netherlands, Nepal and Romania.

Toronto also features dozens of international neighborhoods waiting to be explored, including Chinatown, Greektown, Roncesvalles Village (Little Poland), Little Italy, and Little India.

Jobs Opportunities

 

Toronto is considered the business capital of Canada, and is the fourth largest city in North America. Generating a full 20 percent of Canada’s GDP, the job market in Toronto is booming with the unemployment rate at a very low 6.1 percent.

This typically means that the economy is doing very well and finding a job is easier than in other major cities. Toronto is an international hub for finance, technology, and marketing with many multinational corporations hosting headquarters in the city. The minimum wage is currently set at $14 an hour, and the average salary is just over $52,000 a year. Moving to Toronto is not an exceptionally cheap experience, but there is plenty of work available here and the quality of life is very high for a global city.

Education

 

If you are looking to move to Toronto to be a student, there is plenty to be excited about.

Toronto is home to the University of Toronto, which is the highest ranked university in Canada and the 21st best university in the world. The city is also home to many other well regarded schools, colleges and institutions covering every profession and subject. Many international and domestic students flock to Toronto for its bustling student life.

Students also get access to exclusive student pricing for a range services including the TTC, restaurants, bars, shopping and more!

Are you looking at moving to Toronto soon? Contact me today and let me help you find your perfect home in this beautiful city!

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