Thanks largely to Mel Lastman the North York Yonge Street area has been transformed from a commercial strip into a vibrant mixed-use district for young professionals to work, live, shop and play. The area is among the fastest growing neighbourhoods in the Toronto area. These North York Condos offer convenient 401 accesses, subway line for commuters, great shops, restaurants, library, and employment.
The area has been transformed as New and resale developments dot the sky line, while the old neighbourhood homes east and west of Yonge Street are all getting picked up by developers for future projects. Many residents are seeing the future of the area much the same as Yonge and Eglinton with a high quality of shops and retail still to come.
Some key points:
23.1 % increase in population from 2001 – 2006
Nearly 9000 new homes between 2001 and 2006 (primarily condos)
75 % were 1 or 2 person occupants and more than 65% of these were married.
25 – 34 year olds = 5845 new residents
35 – 44 year olds = 2845 new residents
If you have an interest in Buying or Selling in the Toronto area and would like to discuss the current market, please fill out this contact form or call me directly at (416) 457-1722.
To search Homes or Condos currently for sale – click Search Toronto MLS Listings and contact me for up to date details and market analysis.