As real estate continues to heat up across Canada, a local real estate brokerage analyzed the best neighbourhoods for commuters to live in in the GTA.
While many work in Toronto, particularly in the downtown core, purchasing real estate can be tricky in the city itself. Considering housing prices and commuting times, TheRedPin ranked the best places to live in when commuting into Toronto.
The real estate agency reveals that the top five places to buy property where new homes in the Greater Toronto Area that are still relatively affordable, spacious and in close proximity to downtown for an easier Monday morning commute are:
Meanwhile, the bottom five neighbourhoods are:
But TheRedPin’s analysis states that despite the higher prices, choosing a home in downtown Toronto is a good choice when accounting for commuting time.
“If you want a better quality of life, you should consider buying property in Ajax, Pickering and Whitby – these make the top three towns in our ranking,” says TheRedPin’s Hyder Owainati. “Thanks to good average house prices and relatively short commuting distances, we’ve named these the best places to live for commuting to downtown Toronto.”
However, Owainati said that homebuyers looking for homes for sale in Toronto shouldn’t be put off from exploring buying property in other areas.
“One thing our research shows is that houses in the suburbs can be more expensive than those close to downtown Toronto. It’s worth exploring our map to find the town that suits you best,” he said.
Besides property prices, energy savings and convenience, there is another very important reason to consider living somewhere that gives you a shorter commute into the office: your physical and mental health, according to TheRedPin. The average Canadian spends 63 minutes a day getting to and from work. That’s 275 hours per year and nearly 12 full days spent commuting.
For those wondering, the best local option for commuting is Toronto – Yonge and King neighbourhood, which has an average home price of $987,596.94, but the lowest commute time of 20 minutes.