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Downtown Toronto Neighbourhood

Downtown Toronto was long known for its shopping and entertainment culture. In recent years, however, we've seen a vast number of high-rise condominium developments popping up on every street corner, many of which line Yonge Street or other major arteries.

The region is generally bound by Grosvenor and Alexander Streets to the north, portions of Church Street, Victoria Street, and Bond Street to the east, Richmond Street to the south and Bay Street to the west.  It's an area easy to get around in and many residents choose to walk, cycle or take public transit when commuting to work.

A vibrant cosmopolitan hub, it's equally popular with executives, arts and culture enthusiasts, students and urban dwellers who thrive in high-energy environments.

Downtown Toronto is mostly comprised of condominium towers in terms of its housing, which account for 93% of sales, along with townhomes at 4% and other buildings at 2%. The majority of condos have one bedroom, but we are slowly starting to see an increase in two and three-bedroom units. The average cost of condos in Downtown Toronto over the past year was $542,989 as compared to the average freehold price of $1,295,200.

Downtown Toronto Condos

The area is popular with many residents, but single professionals are the largest demographic occupying the core. Families with kids in the area tend to have one child at home, with a large percentage of them being younger children.

Homeownership in the downtown core is low, with a split of 66% renting and  34% owning in this stretch of the city. The average household income for this neighbourhood is roughly $92,055.

You'll find a range of buildings styles here, including towers with art-deco features, converted factories, older high-rises buildings dating back to the 1950's, and newer luxury condominiums that feature 24/hour concierge service and sleek, contemporary architecture. They range from entry level prices to more exclusive residences where units can sell for over a million.

With the amount of development that downtown Toronto has undergone within the last twenty years, the surroundings have rapidly changed. Toronto’s population has grown from two million individuals to six and a half million as of 2016. The neighbourhood has evolved into one of Toronto’s prime condominium markets, extremely in demand by young professionals.

Increasingly, we're seeing the downtown area becoming home to the luxury condominium market. Towers of glass, beauty, and prestige populate the neighbourhood, many of them in collaboration with luxury hotels or high-end brands.

It's not hard to see why so many people love it here. Life in downtown Toronto means being in the centre of a vibrant metropolis, where shopping, dining, commerce and some of the city's finest entertainment are all at your fingertips.

In fact, downtown is home to the Eaton Centre, which features over three hundred stores, as well as Yonge/Dundas Square, which has been called Toronto's version of Times Square. With its dynamic flashing billboards, it features live music and events all year round.

Residents can also get around using Toronto’s underground PATH retail concourse, an underground network that connects most of the downtown core and features over 1,000 shops and services. It's a lifesaver in the winter!

Downtown consists of over 600 retail shops,150 bars and eating places, 8 hotels, 4 theatres
Universal City Condos

The area is served by public transit by means of College, Dundas, and Queen subway stations, as well as bus and streetcar routes that run along all three major arterial roadways. Motorists are mere minutes away from Lake Shore Boulevard and the Gardiner Expressway, allowing for easy exit or entry into the city.

There are also many green spaces with Allan Gardens being the largest public park in the downtown core. It is the home of the Allan Gardens Conservatory, a botanical garden with six greenhouses that feature unusual and exotic plants from around the world. Living in this pocket of the city is fun and easy because the possibilities and opportunities are truly endless.

This is also a busy hub for post-secondary education. The world-renowned Ryerson University can be found in the neighbourhood, along with George Brown College and OCAD University.

Down here you'll also find many of the city's top medical facilities. Toronto General Hospital, Mt. Sinai Hospital, and The Hospital for Sick Children are located close to each other, and they work together to be one of the best joint facilities in the country.

Living downtown is for folks who thrive in the epicentre of excitement and strive to be constantly moving forward. It’s a place where having your head in the clouds and feet firmly planted on the ground feels feasible. Although it may not be cheap, if a glamorous way of life is what you seek, this is the place for you.

Investing here means being part of a dynamic and growing neighbourhood that is highly in demand with a range of professionals. Come see what the centre of the city has to offer you.

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List of New Condos in the Downtown Toronto Neighbourhood

YSL Residences

Development by: Cresford Development Corporation
373 Yonge St, Toronto, ON
Move in 2023

250 University Ave Condos

Development by: TBA
250 Unversity Ave, Toronto, ON M5H 3E5
Condo Prices TBA CAD
Move in TBA

Artists Alley Phase 2

Development by: Lanterra Developments
Simcoe St & Dundas St W, Toronto, ON M5T 1T4
Move in TBA

West Condos

Development by: Aspen Ridge Homes
89 Niagara St, Toronto, ON M5V 1C3
Condo Prices From The Mid $400,000’s CAD
Move in 2020

The Prestige Condos at Pinnacle One Yonge

Development by: Pinnacle International
28 Freeland St, Toronto, ON M5E 1L7
Condo Prices From The Low $600,000’s CAD
Move in 2022

114 Church Street Condos

Development by: Madison Group
114 Church St, Toronto, ON M5C 2G8
Condo Prices TBA CAD
Move in TBA

Panda Condos

Development by: Lifetime Developments
20 Edward Street, Toronto, ON M5G 1C9
Condo Prices From The Low $400,000’s CAD
Move in 2021

292 Dundas St W Condos

Development by: Tribute Communities
292 Dundas St W, Toronto, ON
Condo Prices From TBA CAD
Move in TBA

609 Sherbourne Street Condos

Development by: Concert
609 Sherbourne St, Toronto, ON M4X 1L7
Condo Prices From TBA CAD
Move in 2021

8 Elm Street Condos

Development by: Pemberton Group
8 Elm St, Toronto, ON M5G 1G7
Condo Prices From TBA CAD
Move in 2021

301 Queen Street East Condos

Development by: TBA
301 Queen Street East, Toronto, ON M5A 1S7
Condo Prices TBA CAD
Move in 2021

Artists Alley Condos Phase 1

Development by: Lanterra Developments
234 Simcoe Street, Toronto, ON M5T 1T4
Move in 2021

Halo Residences On Yonge

Development by: Cresford Development Corporation
480 Yonge Street, Toronto, ON M4Y 1X5
Move in 2020

Queen & Sherbourne Condos

Development by: ONE Properties
245 Queen St E, Toronto, ON M5A 1S5
Condo Prices From TBA  CAD
Move in 2020

Theory Condos

Development by: Parallax Development Corporation
203 College Street, Toronto, ON M5T 1P9
Move in 2021

100 Edward Street Condos

Development by: The Conservatory Group
100 Edward Street, Toronto, ON M5G 0A7
Condo Prices From TBA  CAD
Move in 2021

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