Emerging Neighbourhoods in Toronto and the GTA

Entering the Toronto real estate market can feel like you’re going into battle, and in fact. Regardless of the market challenges, savvy homebuyers in this market are on the look-out for emerging neighbourhoods in Toronto, or perhaps just outside of it, where homes can be bought for a deal. Sometimes that means considering neighbourhoods that may not have reached “prime” status yet, but are on an upward trajectory.

In the search for Canada’s upcoming housing hotspots, REMAX Canada’s Next Neighbourhoods Report series explores hidden gems in the Greater Toronto and Greater Vancouver areas, and reveals some areas that are experiencing population growth, infrastructure investment, and a boost in desirability and affordability.

With increased housing options – including condominiums and planned developments, this swell in supply as well as improved transit access through communities, helps to make previously overlooked or emerging communities more affordable.

For those who are looking to make a move without breaking the bank, or you’re just curious about where homebuyers in and around the city are headed, here are some “next neighbourhoods” that you should keep an eye on now.

Affordable Homes for Sale in and Around Toronto

Toronto – like other parts of Canada – is experiencing a population boom, and with that come other developments such as new housing and new transit – more busses, trains and subways, the Eglinton Crosstown and Ontario Line, improving connectivity, housing supply and affordability for buyers looking to stay in the area. These established communities have historically been overlooked, but are now gaining new traction as emerging neighbourhoods in Toronto.

Clairlea-Birchmount (Toronto)

This neighbourhood offers a fantastic blend of urban and suburban living, with the Eglinton Crosstown connecting the neighbourhood and diverse communities. Clairlea-Birchmount boasts 22 schools, 13 parks and 48 recreational facilities making it perfect for young professionals and families. Plus, Taylor Creek Park – the High Park of the East – provides plenty of green space.

Composite MLS Home Price Index:  $788,000

Wexford-Maryvale (Toronto)

Looking for a cozy, suburban feel with quick access to major highways like the Don Valley Parkway and Hwy. 401? Families make up around 47 per cent of the community in Wexford-Maryvale. While the Eglinton Crosstown doesn’t hit the neighbourhood, it has great connectivity to multiple transit stops as well as that premium highway access.This family-friendly spot features mostly low-rise, detached homes.

Composite MLS Home Price Index: $788,000

Crown Point (Hamilton)

If you’re considering moving west of Toronto for more affordability and spacious properties, Crown Point in Hamilton is a diverse, mostly residential neighbourhood with owner-occupied detached homes, easy access to Nikola Tesla Boulevard and the Queen Elizabeth Way. Adjacent to bustling Main Street in downtown Hamilton, foodies can enjoy tasty restaurants and local shops. While the composite house price index is over $1 million, the composite house price in Crown Point is significantly lower, according to local agents.

Composite MLS Home Price Index: $1,051,900

Aldershot South (Burlington):

Situated on the west end of Burlington Bay, Aldershot South boasts easy highway access to the Queen Elizabeth Way and Highway 403 as well as access to the Aldershot GO train station. Stretching along the Hamilton Bay shoreline, residents can also enjoy waterfront views and abundant greenspace, including the Royal Botanical Gardens!   It’s becoming a vibrant and well-connected community without heavy traffic.

Composite MLS Home Price Index: $899,100

Downtown Markham (Markham):

With a new York University campus, rising condominium developments, and improved transit, Downtown Markham is a growing hub with diverse restaurants, activities, and cultural attractions. Revitalization of Gallery Square, in the heart of the downtown, will see a new civic centre, library, community centre and performing arts centre.

Composite MLS Home Price Index: $1,174,900

Seaton (Pickering):

This rapidly developing master-planned community in Pickering is gaining attention for its strategic location and planned conservation of natural green space. As part of a provincial investment and the Central Pickering Development Plan, this is a planned sustainable urban community expected to house over 61,000 residents with projected growth to 70,000 according to the City of Pickering.

Composite MLS Home Price Index: $952,200

Don Mills – Victoria Village (Toronto):

Benefiting from the Eglinton Crosstown, this East-end community offers improved downtown access, top arts schools, and larger, more affordable homes with spacious lots and post-WWII heritage. Mixed housing of condominiums, low-rise and detached homes offer a variety of options with scenic views bordering the Don River.

Composite MLS Home Price Index: $840,900

The Takeaway

As Toronto and the GTA continue to grow, previously undervalued areas are becoming hot spots thanks to transit expansions, investment in new development projects and rapid housing development adding new supply to the mix. If you’re keeping an eye open for emerging neighbourhoods in Toronto, be on the lookout for these “next neighbourhoods.” They might just be the perfect next neighbourhood for you to call “home.”

Ready to start your search for the next great neighbourhood? Connect with a REMAX agent and start your journey to home ownership.