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If you could purchase a property anywhere in Toronto...

The Distillery area is too isolated. There's nothing close by and the area itself, while sort of authentic, offers little real amenity.

And I believe that is the primary reason why the properties in the Distillery have not appreciated at the same rate as properties in the denser parts of downtown. That said, I still see a lot of potential in that area what with the amount of future development in that and neighboring areas.
 
Not sure if anyone's read the latest Toronto Life article on "best" places to live in the city. It's based on quasi-statistical analysis combined with weighting generated from their online reader's poll. I guess what that means is...none of it is really all that scientific. Still an interesting read.

http://www.torontolife.com/informer...ighbourhoods/?page=all#tlb_multipage_anchor_1

The Best Places to Live in the City: A (Mostly) Scientific Ranking of All 140 Neighbourhoods in Toronto

By Andrew D’Cruz | Rankings by Taylor Brydges, Zara Matheson and Kevin Stolarick | Photography by Daniel Neuhaus | Maps by Aleksandar Janicijevic

The Best Places to Live in Toronto

In Toronto, we develop stubborn loyalties to where we live. We grow familiar with a couple of blocks and identify as west- or east-enders, or as the sort of person who can only live above or below Bloor. We brag that our neighbourhood has the friendliest people, the biggest backyards, the most coveted French immersion school, the greengrocer with the juiciest peaches. But what if we’re wrong? In a city with so many great pockets, and many more improving faster than you can say gentrification, the competition for the title of Number One is cutthroat.

To end the uncertainty, Toronto Life presents the ultimate ranking of the city’s neighbourhoods. We examined 10 factors for each, assigning them a score out of 100: housing (which considers year-over-year appreciation and the ratio of average price to household income), crime, transit, shopping, health and environment, entertainment, community engagement (which factors in voter turnout and beautification projects), diversity, schools and employment.

A team of researchers at U of T’s Martin Prosperity Institute think tank—who have an abiding interest in the growth of cities—helped crunch the data, pulling from a wealth of sources, including Statistics Canada, the city’s exhaustive statistical research, the Toronto Police Service, the Centre for Research on Inner City Health and the Fraser Institute. The goal was to be thoroughly objective, but we also took into account that some factors will always be subjective when measuring the quality of a neighbourhood. To some of us, a truly great neighbourhood has a dozen nightclubs, while to others it has the cheapest houses. We conducted an online poll of Toronto Life readers, who told us what they prioritize when choosing where to live, and adjusted the rankings accordingly: housing is weighted highest, at 15 per cent, crime at 13 per cent, transit and shopping at 11 each, health and entertainment at 10 each, community and diversity at eight each, and schools and employment at seven each.

The results are bound to be controversial. The top 10 are a surprisingly varied group, ranging across the city, from some of the wealthiest neighbourhoods to some of the most modest. What all 10 share is the right combination of covetable qualities. Here are the best places to live in Toronto today.


1. Rosedale-Moore Park

The idea of Rosedale exerts a powerful effect on the city’s psychology—for a certain type of Torontonian, moving into the neighbourhood, perched just above downtown, is an incontrovertible signal that they’ve made it. The average household income is a tidy $386,076, and few detached homes go for less than $1.5 million. But Rosedale is not monolithic. Its winding streets, which seem designed to baffle outsiders, are divided into countless little pockets: there are the secluded mansions of Drumsnab Park, the family-friendly enclave of Nanton Avenue, the remnants of the lieutenant governor’s mansion in Chorley Park. (Then there’s Summerhill and Moore Park, both lovely and part of the same official City of Toronto neighbourhood boundary, but neither is quite Rosedale, if you ask most Rosedalers.) Nearly half the residents are renters, which means there are grad students and artists mixed in with the bankers and trust-funders. Low- and mid-rise apartment buildings poke out between the oaks and maples from Bloor up to St. Clair, and strolling along streets like Elm Avenue in South Rosedale, it’s hard to tell which of the grand old homes have been subdivided.

The area is notoriously resistant to change and proud of its understated elegance, especially compared with the flashier Forest Hill and the blinged-out Bridle Path. (David Thomson, Canada’s richest man, needed four separate zoning variances to build a two-storey addition to connect his two neighbouring homes on Roxborough Drive.) For the most part, the people who live in Rosedale value their privacy, but there are a couple of organizations that draw them out of their Edwardians. Mooredale House, one of the city’s first community centres, is the weekend hot spot. During soccer season, 1,700 little players from the centre’s house league swarm Rosedale Park (their parents, meanwhile, circle around Roxborough and Edgar Avenues in their SUVs, desperately looking for a place to park). Every spring, Mooredale also hosts Mayfair, a fundraiser where power-brokers kibitz in the beer garden as their kids scramble into bouncy castles and onto merry-go-rounds (Ben Johnson officiated the track and field events a couple years ago). And down in the valley is Rosedale’s new communal backyard, the Brick Works Park. Every Saturday in the summer, half the city seems to descend on the bustling farmers’ market, but throughout the week, it belongs to Rosedale and Governor’s Bridge dog walkers, who wend their way through ravine paths to reach the boardwalks around the ponds. The entire project first got off the ground thanks to a $3-million donation from the Hamilton Group’s David Young and his wife, Robin, who live right up the hill.


2. Banbury-Don Mills

E. P. Taylor, one of Toronto’s greatest tycoons, started amassing the land to build Don Mills in 1947, and by the time construction was completed two decades later, he’d laid down the template for suburban development in Toronto and all across Canada. While his bold plan for a new community had many imitators, it has had few equals. Instead of completely razing the land, Taylor built the rambling, discontinuous residential streets around existing trees and green spaces, with generous square lots for the detached homes. The houses themselves are set back at varying distances from the main streets, and feature quirky mid-century design touches like gabled roofs sloping off the sides to form carports. Behind the streets, a maze of paths form an internal walkway system (typically filled with tykes on bikes), and nearly 20 per cent of the area is given over to parkland.

In 2009, the original Don Mills Centre reopened as the more upscale Shops at Don Mills, an open-air mall with its own network of streets and a central square with a sculptural clock tower designed by Douglas Coupland. The development has quickly transformed a sleepy suburban mall into a destination. Toronto’s most entrepreneurial chef, Mark McEwan, chose the setting for his first gourmet grocery shop, a giant toy store for foodies with wallets to match their tastes. (It also doesn’t hurt that the new LCBO is three times the size of the one it replaced.) In 2013, Taylor’s suburban idyll is still one of Toronto’s most desirable places to live.


3. High Park-Swansea

In a city not given to grand civic gestures, High Park is an anomaly. First open to the public in 1873, the magnificent park’s 164 ecologically significant hectares are an urban paradise of hills teeming with cyclists in spandex, picnic areas filled with extended families and fitness boot camps, a giant pond around which fetching couples nuzzle unabashedly on the weekend and, of course, a zoo. East of the park, on the nearby Roncesvalles strip, a hip new restaurant, fishmonger or knick-knack shop seems to open up every five minutes. Tellingly, even some of the stolid citizens who reside in the stately set-back mansions along High Park Boulevard have laid claim to Roncey.

The area is heaven to left-leaning, Birkenstock-wearing professionals who abhor the flashiness of, say, Yorkville, but nevertheless pull in enough to afford the $2-million detached homes. You can’t walk a block without tripping over a toddler, particularly as you approach Smock, a new café where young mothers sip pinot grigio while their tots play with craft kits. On the other side of the park is Swansea, a secluded redoubt that was amalgamated into Toronto in 1967 and still has its own little town hall, which now serves as a community centre. The houses on this side of the park are a mishmash of styles—a Tudor here, a ’90s McMansion there. Near the bottom is the area’s culinary gem: the Cheese Boutique, an old-fashioned palace of fine foods run by the affable Pristine family, where regulars stop by for marcona almonds, dry-aged rib-eye or perfectly creamy chèvre.


4. Mount Pleasant West

Filled at the top and bottom with thick forests of apartment buildings from the 1960s, Mount Pleasant West’s population density surpasses that of urban Paris. A visitor to Toronto peering southwest from the corner of Yonge and Eglinton could be forgiven for thinking he’d found the city’s downtown. Every morning, streams of young professionals emerge from their apartments and filter onto the subway to head to their jobs in the real downtown, and every evening they return to fill the shops and restaurants along Yonge Street. (Welcome new additions to the strip: Boar, a sandwich shop from the owners of Rosedale’s beloved Black Camel, and Lil’ Baci taverna, an outpost of the Leslieville Italian restaurant.) Even the schools here have taken advantage of the neighbourhood’s staggering verticality: North Toronto Collegiate traded its old, rundown premises for a new $52-million glass and steel complex by selling off a parcel of its land to Tridel, which built a pair of condo towers there.

The new facilities are so good that one gym teacher postponed his retirement. Set against this resolutely modern cityscape, the charming, tree-lined central section of the neighbourhood feels like a time warp to 1930. Edwardian and English Cottage–style homes radiate out on narrow lots from the Church of the Transfiguration, and the quiet streets are filled with dog walkers. Old North Toronto meets up with modern-day Mount Pleasant at June Rowlands Park, a green space with a baseball diamond, a new splash pad and a weekly farmers’ market. But the future of the area will always be up: in 2004, Minto began construction on its Quantum towers, kicking off a development rush to rival the mid-century one. Yonge, Glebe and Eglinton are all preparing to sprout condo towers and townhouse blocks, and a new class of owners is getting set to move in and remake Mount Pleasant West once again.


5. High Park North

Big changes are coming to the sleepy neighbourhood sandwiched between the Junction and the park. Ever since this western stretch of Bloor was designated by city hall as ripe for intensification, developers like Daniels and Great West Life have been assembling parcels of land and preparing to turn them into—what else?—new condo buildings with breathtaking views of the park below. Existing residents, perturbed by the prospect of three glass and steel behemoths along Bloor, have rallied to “save†the street by lobbying the builders to lop a few storeys off the planned mid-rises and replace the modern cladding with red brick. And they’re right—this is a substantial transformation. But it’s also an exciting one.

The buildings themselves—10, 11 and 14 storeys—are stepped back from Bloor and beautifully designed, with streetside courtyards and wood accents. However these fights turn out, it’s easy to see why people would kill to squeeze themselves into the neighbourhood, with its winding, hilly avenues full of old Victorians and Edwardians. It’s also home to Humberside Collegiate, with its popular French immersion program; the innovative Ursula Franklin Academy, where students take over the curriculum on Wednesdays; and the radically democratic Student School, which holds a bi-monthly general council meeting of students and staff. A budding community association has christened the zone between Keele and the CP railway line the West Bend. The name is starting to catch on with the young professionals who have been moving in and planting community gardens by the railway tracks. The other advantage of High Park North is its proximity not just to the park, but also to the ever-gentrifying Junction, with its taquerias, craft breweries and decor shops, and to the more sedate charms of Bloor West Village.


6. Wexford-Maryvale

At Al Premium, the gleaming new 75,000- square-foot grocery store at Eglinton and Warden, bags of Filipino jute leaves share the aisles with sacks of Vietnamese glutinous rice flour, Caribbean spices and Halal meats. The cafeteria counter transitions seamlessly from shawarma to mutter paneer to pho to dim sum, and the bubble tea station, staffed by a teenager in a hijab, abuts the espresso machine. The store caters to the mind-boggling diversity of the westernmost bit of Scarborough, which fulfills Toronto’s promise as a multi*cultural city in a way that no downtown neighbourhood has in decades—nearly half of the residents here are visible minorities. The diversity is vividly realized at the annual three-day Taste of Lawrence festival, for which the local BIA manages to close off a six-lane suburban arterial to traffic (downtowners would be surprised at how many people opt to walk).

In contrast to the hectic excitement of the main streets, all is placid on the inner residential lanes, where pretty post-war bungalows on perfectly kempt lots go for less than $500,000. There are even a few reminders of the mid-1850s village that used to stand here, like the old Anglican Church of St. Jude in Wexford and a copse of gnarled, hundred-year-old oaks and sugar maples that somehow survived clear-cutting at the top of Wexford Park. Further north on Pharmacy Avenue is Wexford Collegiate School for the Arts, the east end’s magnet for budding singers, actors and artists, whose alumni include sculptor Shary Boyle, Canada’s representative at this year’s Venice Biennale; and Degrassi’s Nina Dobrev—and yes, the school’s “Gleeks†recently sang an earth-to-orbit duet with Chris Hadfield.


7. Mount Pleasant East

The snaking paths that connect the remains of the great and good in Mount Pleasant Cemetery are also some of the city’s most picturesque running routes, passing by fountains, gardens and hundreds of rare trees from around the world. It’s because of those trees that the midtown neighbourhood in which the cemetery sits has the city’s densest, plushest canopy. Unlike renter-dominated Mount Pleasant West next door, Mount Pleasant East feels like a small town full of professionals drawn by the quiet, leafy streets and central location. Housing stock here is a mix of brick semis and detached homes from the 1920s, with the occasional mansion and modern glass and brick stunner thrown in. One of the most attractive streets is Belsize Drive, which is split in two by a linear park, beloved by dog walkers, called Glebe Manor.

Homes don’t often come on the market, and when they do, bidding wars are the norm: one old semi recently went for $760,000—$80,000 over asking—after 200 visitors and seven bids. Of the two retail strips that flank the neighbourhood, Davisville Village, on the west side, is more interesting and varied than Bayview. Up the street is Mabel’s Fables, one of the city’s best children’s bookstores. The strip is also home to a 125-year-old camera club; two of the last small-time neighbourhood cinemas, the Regent and the Mount Pleasant; and three surprisingly good bistros, Célestin, Jules and Mogette, that fill up each weekend with families out for brunch.


8. The Beach

The Beach is the only segment of Toronto’s waterfront that lives up to its enormous potential as a place to live and play. That’s why the 3.5-kilometre boardwalk is invaded every weekend by pleasure-seekers and why a detached home on one of the picturesque streets by the water seldom goes for less than a million dollars. It’s also why the word “Beach†has been climbing steadily uphill from the lake, first transforming the gracious homes north of Kingston Road into the Upper Beach and then spawning Beach Hill just south of the train tracks, the latter’s dubious connection to sand and spit notwithstanding. Residents of the actual area tend to stay away from the crush of beach volleyball and kitesurfing at Ashbridge’s Bay Park, sticking to the quieter eastern stretches or relaxing over a pint at the Balmy Beach Club, a relic of the days when the shoreline was filled with amusement parks.

The styles of the houses here are more eclectic than in just about any other old Toronto neighbourhood. By the water, tiny Victorian summer cottages mingle with low-slung apartment buildings and larger houses from the ’20s and ’30s, some featuring kitschy lakeside resort details like porthole windows. In the 1990s, Greenwood Raceway was torn down and replaced with Woodbine Park, which gets taken over by a different festival every summer weekend (Ribfest, the Muhtadi International Drumming Festival, the jubilant Beaches International Jazz Festival). To the east, there’s a dense New Urbanist development laid out on six streets, bringing new waterfront housing to hundreds of families in the area for the first time in decades (even if the trees have yet to fully grow in). Beach residents are famously averse to new development, and the first modern mid-rise condos are only now appearing along the fiercely protected Queen East retail strip.


9. Mimico

Ask Mimico residents about their neighbourhood, and they’ll get a starry, faraway look in their eyes as they rhapsodize about their little commuter village by the lake. It’s easy to get swept up by the small-town feel of neighbours looking out for each other’s kids, or by the tiny waterside parkettes at the end of the streets, some with chess tables. Or, for that matter, by the bucolic cottages and bungalows on generous plots that go for about the same as a condo downtown. Every weekend, cyclists take to the lakeside trails and dog walkers brush by joggers in Mimico Waterfront Park, a new kilometre-long green space with pockets of wetland habitats, and boardwalks along the shore that connect to the waterfront trail. The Humber Bay Shores area just to the east is quickly filling up with 38- to 66-storey towers whose meretricious names evoke Miami Beach—Ocean Club, Jade, Eau du Soleil—but Mimico itself has so far resisted that kind of intensification.

A revitalization plan recently approved by city council caps off new Mimico buildings at 25 storeys while sprouting parkland and increasing access to the lake (it also allows developers to replace the crumbling apartment blocks from the ’50s and ’60s). After years of planning, GO trains are now running every half hour to Union Station (it’s a mere 15-minute jaunt for Bay Street–bound commuters), and new businesses are slowly creeping in, like FBI Pizza, a delivery outfit run by Queen Margherita Pizza alumni. Whatever real estate agents might say, the area is a long way from becoming the western Beach. The pace is less harried here, there’s not nearly the density of cutesy restaurants and shops, and Starbucks has yet to invade. And that’s precisely how Mimico residents like it.


10. Casa Loma

In Casa Loma, house pride extends beyond property lines. When a townhouse developer began to gut the Georgian Revival residence of the late magazine magnate John B. Maclean in 2009, members of the residents’ association rose up and got the city to award a heritage designation. A new developer then stepped in with a plan to preserve the building, originally designed by Union Station architect John Lyle, by sub*dividing it into three residences, restoring and preserving as many historical details as possible. The entire drama was just repeated in short form to save an Arts and Crafts home formerly occupied by chocolate tycoon Charles Neilson. Even back when Sir Henry Pellatt first started laying out plans for the medieval fantasy castle that would give the neighbourhood its name, it was the Millionaire’s Row of its time.

The estates there were occupied by other self-made families like the Eatons, who lived in a Georgian mansion named Ardwold, and the Austins, who built a miniature Downton Abbey on Davenport Hill called Spadina House. Today, streets like Lyndhurst and Wells Hill are still home to some of the city’s nicest Tudor- and Edwardian-style properties. Further east is the family-filled Republic of Rathnelly, which irreverantly declared independence from Canada in 1967 (last year, the city installed street signs recognizing the secession), and the winding roads of South Hill. Society power couple David and Kate Daniels keep a magnificently restored art deco mansion nearby. It’s not all barons, though. Just north of the castle is a block of well-maintained rental buildings, and St. Clair and Avenue are full of charming old apartment blocks. The whole neighbourhood comes together in the middle at Sir Winston Churchill Park: high school students convene pickup soccer games, dog walkers let their pups loose in the large off-leash area and, in winter, tobogganers steel themselves for one the city’s steepest—and most scenic—runs.

~~~

For the entire list of 140 neighborhoods, ranked...http://www.torontolife.com/neighbourhood_rankings/
 
I found that they weighed transit and connectivity (very important for accommodating people of all ages) too low for my liking, but it was an interesting read still.

I remember reading that there's only about 1 million registered cars in Toronto, and that only half of Torontonians commute by private motor vehicle.

In that light, neighbourhoods like Wexford and Don Mills wouldn't be very nice at all for a very large percentage of the city's population.
 
My problems with this issue ( “The Best Places To Live In The City,â€) are many, but I’d like to start with a “micro†problem that is somewhat indicative of the entire article.

1) Accuracy

Before anything else – before we talk about a possible hidden agenda, or playing favorites, or who the HELL came up with this list, let’s talk about accuracy.

I’d like to think that Toronto Life has enough people on staff, and enough respect for their own publication, that they can avoid making catastrophic mistakes that are identifiable to the naked eye.

Case in point: the average house price in Rosedale-Moore Park.

The very first neighbourhood that is ranked in their list of 140, happens to be (correctly, in my opinion – one of the few things they got right), Rosedale-Moore Park.

But to my absolute horror, I noticed the text “Average House Price: $951,300,†and it made me immediately realize that NOTHING in this article can be taken seriously.

Why?

Because even if you know NOTHING about real estate, you know that the average house price in Rosedale-Moore Park is NOT $951,300.

I just took a poll of people around my office, independently, and asking five people, they came up with: $2M, $2M, $2.5M, $1.8M, and $2M. Now, those are Realtors, who know the market, but what would you as an Average-Joe think the true average price is?

And how long would it take to get this information?

I timed myself – I have a stopwatch in my gym bag, and I clicked “start,†then logged onto MLS, ran a history of all properties sold in C09, Rosedale-Moore Park since 1/1/2013, pasted the data into Excel, and took an average of the 89 properties that have sold.

The result?

$1,848,438.

And it took me one minute and forty-eight seconds to produce this number.

Why couldn’t the folks at Toronto life put more effort into such an important publication?

This alone is enough to make me put zero stake into this article, but just in case that was a typo, and they meant to add a “1″ and make the number $1,951,300, let’s look at some other issues…

2) 140 Neighbourhoods

I might get some push-back from you guys on this one, but I think dividing Toronto into a whopping 140 neighbourhoods only serves to bring up issues with boundaries, and the disparity between neighbouring areas.

For example, the 33rd ranked area, “Glenfield-Jane Heights,†borders on the 93rd ranked area, “Black Creek.†Now, it’s not like this is Cabbagetown bordering on Regent Park, where there is a pretty identifiable border. We’re talking about Jane & Finch, which is notoriously the worst area in Toronto (more on this later…), and yet you can divide the 33rd ranked area from the 93rd ranked area by using Finch?

Or in some cases, they really don’t differentiate enough between neighbourhoods! Hitting close to home, they’ve ranked my area #96 out of 140. 96th!! They’ve grouped King East and the St. Lawrence Market area in with Moss Park and the Sherbourne towers, and simply called this area “Moss Park.â€

I feel as though, on the one hand, these 140 neighbourhoods were created to thicken this magazine, and give the writers something more to talk about. But on the other hand, the writers demonstrated their lack of geographical prowess by lumping dissimilar areas together.

3) Differing Opinion

There are bound to be differing opinions on these rankings. In fact, the introduction to the article reads, “The results are bound to be controversial.â€

But some of these rankings make absolutely no sense.

They have Rosedale ranked #1, but then Forest Hill is ranked #31. Personally, I think Rosedale is a better area, as it’s closer to downtown, the houses have more character, and it’s not quite as snooty. But when I have a client in this price point, they’re looking at these locations in tandem. Rosedale and Forest Hill are like peanut-butter and jelly, and cannot be separated by THIRTY positions.

Then we have my evil nemesis, CityPlace! Would you believe that CityPlace is grouped into an area they call “Waterfront Communities-The Island,†and it’s ranked #12 out of 140?

That’s right folks – CityPlace is a better area of Toronto than Forest Hill, Riverdale, Danforth Village, High Park, The Annex, Leaside, Kingsway, Sunnylea, et al.

And right next door to CityPlace, is King West, which is one of the most popular locations for condo-buyers in Toronto. What does Toronto Life rank this area? #86.

Yes, CityPlace is #12, but King West is #86.

It’s one thing to talk about a given area and its rank, ie. Kingsway is #59, wow-wow-wee-wa, but to compare areas that are linked by location, stature, or price puts these rankings into even better perspective.

Honestly, we could sit here all day and debate these individually ranked neighbourhoods but we’d never reach a consensus. But can we agree that the rankings, overall, are pretty poorly done?

4) Hidden Agenda?

As I alluded to earlier, part of me thinks that these rankings were done strategically.

There’s just no way that Jane/Finch could be ranked 33rd out of 140. I’m not trying to be insensitive, or adhere to stereotypes, but come on – it’s Jane & Finch, man!

And CityPlace? Really? #12?

Why are they hating on Roncesvalles at #80? It’s only one of the most popular locations in Toronto.

Playter-Estates is #66? Try telling that to the people who live there and send their kids to Jackman, which is one of the most sought-after school districts in Toronto.

Baby Point is #78? Does Toronto Life hate old money? Do they hate rich folks?

I know there’s more to these rankings than just the price of houses, so before you accuse me of only looking at these rankings based on the price of real estate…

5) Adherence To Ranking Criteria

This is how Toronto Life has, apparently, come up with their rankings:

15% – Housing
13% – Crime
11% – Transit
11% – Shopping
10% – Health
10% – Entertainment
8% – Community
8% – Diversity
7% – Schools
7% – Employment

If that’s truly the criteria they used to rank these areas, and there was no switching-around, then I have no idea how the 140 neighbourhoods got the ranks that they did.

And for the record – what does “Housing†mean? If it’s a bunch of Toronto Life readers giving poor grades to Forest Hill because they can’t afford those houses, then this whole ranking system is shot to hell. Is “Housing†an affordability scale, or do better houses (meaning more expensive) houses, make for better grades?

And “Employment?†What is that? There are no job opportunities in Rosedale, FYI, unless you want to be a crossing guard, or teach tennis at the park. However, all the people who live in Rosedale have high-paying jobs, downtown, or elsewhere. So what does “Employment†actually mean?

What the hell is “Health†anyways? How could you possibly rank an area based on that? Are we talking about smokestacks polluting outside your bedroom window? Or are we talking about access to a walk-in clinic across the street?

How is “Schools†only 7%? That’s one of the biggest drivers of real estate in the city! People will target a neighbourhood specifically for their schools! What does it say about this ranking system that SHOPPING is more important than SCHOOLS? I guess the people who voted on these areas care more about their shoes and purses than they do about their children, present or future…

Last but not least, let’s remember that these TEN categories were chosen by Toronto Life, and every person in Toronto would weigh these categories differently. Some people would put “Diversity†around 40%, if they were New Canadians, for example, and wanted a demographic of people that was easier to feel comfortable with. And some people would put “Housing†at 60%, if we’re really talking about the best places to LIVE in the city.



Maybe I’m making something out of nothing, but I don’t think I am.

Maybe this article was destined for controversy and debate, but I really don’t think that was the point of it. Although, there was no shortage of real estate companies and developers (Christie’s, Chestnut Park, Minto, RedPin.ca, Mizrahi Developments, Minto, New Amherst, etc.) that paid for advertising in this issue, so is it possible that Toronto Life could have put anything into this magazine, and people would read it?

I’m sure that the people who put this issue together worked very hard, and that they’re smart, organized, and capable. I certainly do not want to take anythinaway from the sheer amount of effort that went into this publication.

But the results of Toronto Life’s “The Best Places To Live In The City of Toronto†gets an “F†in my books, as it’s misleading, inaccurate, biased, and I hope that no active house-hunter puts any stake into it, whatsoever…
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I think that pretty much sums it up! Everyone I've talked to are fairly unanimous about the results of that Toronto Life ranking. To explain it in one emoticon...:confused:
 
But to my absolute horror, I noticed the text “Average House Price: $951,300,” and it made me immediately realize that NOTHING in this article can be taken seriously.

They probably included condo prices, which can be quite a bit lower.
 
They probably included condo prices, which can be quite a bit lower.

Indeed. They clearly weren't considering just single detached freehold houses when pricing the Waterfront/CityPlace neighbourhood.
 
...which is why average home prices are absolutely meaningless. When media uses statistics like "average Canadian home price", non-specific to any region, it renders the usefulness to practically zero since real estate markets differ immensely from province to province, from city to city, from neighborhood to neighborhood and, lastly, from street to street!
 
I've always liked the idea of an urban ex-industrial two story building with a private courtyard in the centre, exposed beams and brick, with a compact old style freight elevator to bring my vintage motorcycles up to the second floor. Cabbagetown or Queen West would be a good spot. Now I just need to win the lottery...then there's the matter of the kids and wife, they may not share my opinion of the ideal.

Here's what I mean, just south of my current house... http://www.icx.ca/propertyDetails.aspx?propertyId=13670097&PidKey=865166178 and http://goo.gl/maps/aR9Xb

But cleaned up to look like...

phantompark_motorcycle.jpg


tumblr_mhvuayyW8V1r45yvbo1_1280.jpg
 
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King and Bay. More specifically, I'd want the property on the southwest corner, including all the TD Centre towers and the old Toronto Stock Exchange building. Not only do I find the location quite valuable and desirable for my purposes, I like Modern design, ornate heritage buildings and a downtown location that can't be beat.
 
Investment wise, area with low crimes are the best. Just my assumption but price can relatively be high. You sure don't want to buy a house in a terrible neighbourhood with crimes and high rate of house robberies.
 
Realosophy recently came out with another top 10 list. This one's a list of what they call Toronto's hottest neighborhoods. Without further ado, if you haven't read it already, here is the link and the list: http://www.movesmartly.com/top-ten-neighbourhoods/.

Hottest Toronto Neighbourhoods for 2013 (Realosophy Top Ten)

To celebrate the upcoming release of the Globe and Mail's semi-annual real estate market report, powered by Realosophy Analytics, we're unveiling our ranking of Toronto's hottest neighbourhoods. If you're not in one of the neighbourhoods featured on our list, grab a copy of the Globe on Sept 27th to see exactly how your neighbourhood has performed.

Understanding the Data

Yellow Circle: Ranking based on Realosophy's Heat Index which uses year-over-year appreciation, balance between supply and demand and the % of properties selling for more than asking to measure how hot a neighbourhood is

Avg. Price 2013: Average house prices from Jan to Aug 2013, calculated by Realosophy, based on Toronto Real Estate Board (TREB) Data

Avg. Price 2012: Average house prices from Jan to Aug 2012, calculated by Realosophy, based on Toronto Real Estate Board (TREB) Data

Change in Price: Year over Year Appreciation - Avg. Price 2013 vs. Avg. Price 2012

% Houses Selling for More Than Asking: Percentage of houses that sold for over the asking price in 2013, calculated by Realosophy, based on TREB data

1. Bloor West Village (West)

Avg. Price 2013: $868,396

Avg. Price 2012: $805,925

Change in Price: +8%

% of Houses selling for more than Asking: 76%

Popularity Points:

Plenty of entertainment options on Bloor West
Detached houses
Short walk to the subway
90/100 walkability



2. Kensington Market (Central)

Avg. Price 2013: $621,690

Avg. Price 2012: $504,683

Change in Price: +23%

% of Houses selling for more than Asking: 69%

Popularity Points:

Condos and Townhouses
Majority of homes have one bedroom
100/100 Walkability
Multitude of entertainment options



3. Regal Heights (Central)

Avg. Price 2013: $862,118

Avg. Price 2012: $778,064

Change in Price: +11%

% of Houses selling for more than Asking: 65%

Popularity Points:

Close to many entertainment options
93/100 Walkability



4. Chaplin Estates (Central)

Avg. Price 2013: $1,231,452

Avg. Price 2012: $1,133,325

Change in Price: +9%

% of Houses selling for more than Asking: 58%

Popularity Points:

Excellent schools
Within walking distance of Eglinton subway station
90/100 walkability



5. The Junction (West)

Avg. Price 2013: $596,286

Avg. Price 2012: $573,617

Change in Price: +4%

% of Houses selling for more than Asking: 58%

Popularity Points:

Multiple dining and entertainment options
Large percentage of two-storey homes



6. Carleton Village (West)

Avg. Price 2013: $442,621

Avg. Price 2012: $401,966

Change in Price: +10%

% of Houses selling for more than Asking: 54%

Popularity Points:

Semi-detached houses
Large percentage of three bedroom homes
88/100 walkability



7. Seaton Village (Central)

Avg. Price 2013: $848,635

Avg. Price 2012: $727,349

Change in Price: +17%

% of Houses selling for more than Asking: 52%

Popularity Points:

Proximity to Downtown and Queen West
Mainly single family homes - row houses and semi-detached
Walking distance to subway



8. Roncesvalles (West)

Avg. Price 2013: $692,439

Avg. Price 2012: $603,651

Change in Price: +15%

% of Houses selling for more than Asking: 52%

Popularity points:

Spacious single family homes
Proximity to High Park
Easy access to Gardiner



9. Central East York (East)

Avg. Price 2013: $570,531

Avg. Price 2012: $539,934

Change in Price: +6%

% of Houses selling for more than Asking: 55%

Popularity Points:

Detached, two-storey homes
Majority of homes have three bedrooms



10. Christie Pits (Central)

Avg. Price 2013: $709,710

Avg. Price 2012: $650,310

Change in Price: +9%

% of Houses selling for more than Asking: 52%

Popularity Points:

Christie Pits park and recreational facility nearby
Affordable semi-detached homes
Good access to public transportation
 
Carleton Village around St. Clair and Old Weston Road is a great area, but rough around the edges. It's currently fairly affordable for the old city of Toronto. It's close to downtown, highly walkable, and it has interesting architecture. St. Clair was transformed with the ROW project, but it has a number of fairly large empty lots--it's unusual to see that many empty lots along a walkable main street in Toronto. Old Weston Road south of St. Clair has housing in bad shape and a bad public realm. That's why I'm hoping it gentrifies a bit to clean things up on the main streets.

I think that the Black Creek/400 expressway project and the fact that it was downwind of the Stock Yards resulted in a flight of capital and disinvestment in the area that has resulted in the reality we see today. The 400 extension was still discussed up to the 1980s. The expressway would have likely gone down Old Weston Road, requiring significant demolition of the neighbourhood's buildings, so no one invested in the buildings on Old Weston Road and St. Clair.
 
I actually live in the Carleton Village area and you've hit the nail on the head. A lot has changed int he 10+ years I've lived here and all for the better (aside from the ridiculous traffic on St. Clair going west to Keele). It's a good area, but if I had the option to live anywhere in the city as per the thread topic, I'd definitely choose the Annex. Now that's a GREAT area. I may be biased seeing as I grew up in that area but any area where you can enjoy the walk from Point A to Point B is a huge plus. There's a great combination of different stores/bars/coffee shops. In the summertime, grab a seat on the patio and let your day pass you by just as the people will while you enjoy a beverage. Better yet, just take a walk down to Christie Pits for a picnic or a game of frisbee. What dampens my outlook on the area however is that Honest Eds was sold and I am petrified for what may show up in its place.

Stephen Duong
www.mycapitalcorner.com
 

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