The place to Purchase Actual Property in 2025
Finest locations to purchase actual property in Toronto
Listed below are the highest 50 Toronto neighbourhoods for actual property purchases in 2025. To view all the outcomes, slide the columns proper or left utilizing your fingers or mouse, or obtain the info to your machine in Excel, CSV or PDF format.
Supply: Toronto Regional Actual Property Board
High three neighbourhoods in Toronto
Black Creek, in northwestern Toronto, has the best worth rating of all neighbourhoods within the metropolis this 12 months. On the finish of 2024, the common dwelling worth in Black Creek was $705,222, up 51% from 5 years earlier—but almost $400,000 lower than the Toronto common.
Black Creek Neighborhood Farm is a nine-acre city farm that hosts occasions, sells discounted natural produce and consists of four-season greenhouses and a forest path. The neighbourhood can be dwelling to the reimagined Village at Black Creek, an open-air museum celebrating native and Indigenous historical past.
Public transit choices are available, offering entry to downtown Toronto and surrounding areas. Pioneer Village Station, which opened in 2017, is a part of the Line 1 Yonge–College subway line and features a regional bus terminal.
What’s occurred within the Toronto actual property market?
In comparison with earlier years, Toronto’s actual property market progressed at a extra measured tempo in 2024. With no spring surge in actual property exercise, consumers confronted a comparatively secure market.
“Sellers who wanted to promote have been usually keen to simply accept decrease presents, offering strategic consumers the chance to safe properties at extra beneficial costs,” says eXp actual property agent Dan Chiasson. (Zoocasa, the writer of this research, is wholly owned by eXp World Holdings.)
Condominiums have been a great choice for consumers priced out of indifferent properties. An oversupply of apartment listings fostered a balanced market, giving consumers higher negotiating energy. Profitable gross sales relied closely on presentation—well-staged items attracted immediate presents, whereas poorly offered properties struggled.
Many single renters and first-time consumers bought studio, one-bedroom and one-bedroom-plus-den condos priced between $400,000 and $600,000. With rents averaging about $2,000 per 30 days in 2024 (for a two-bedroom condo), shopping for a studio grew to become a sensible entry level into the market. “These choices weren’t actually out there when the market was extra aggressive,” Chiasson says.
Much less frequent, two-bedroom condos have been additionally extremely sought-after, he provides. “Consumers acted shortly when discovering one inside price range, significantly these targeted on long-term funding or further dwelling area.”