Ah, Toronto. The biggest city and capital of the province of Ontario in Canada. It is also the most populated city in Canada with a population of 2,731,571 in 2016. The city is also known for being one of the most multicultural and diverse communities in the world. Very close to the Niagara falls, and with many natural beauties lying around, it is one of the best locations to live in North America. There are also a great many events and a bustling sports scene with the Toronto Raptors being the champions of the NBA in the 2018/2019 season. Moving to Toronto is one of the best ideas you can have and one of the top places for singles in Canada which it pairs up perfectly with the ratio of the costs of living and average incomes. However, you are on a budget and want to find cheap houses for sale in Toronto. This is why we have compiled a list of neighborhoods which are the best for finding cheap houses. So, without any further ado, let’s dive in!
Find cheap hoses for sale in Toronto with ease
Finding cheap houses in Toronto may be a daunting task if you are on a budget. However, its economic growth has proven that anyone with a decent wage can live quite comfortably in the city. But before you find a job in Toronto so you can support yourself and your family, you need to look for cheaper options like renting or buying a cheaper house. So, before you look up moving companies Ontario, let’s see what are the best neighborhoods to find cheap homes in Toronto.
Regent Park is one of the cheaper neighborhoods in downtown Toronto. It started as a community housing project by Toronto Community Hosting. It was called Cabbagetown before being torn down to create many residential suites for people that needed to be housed. You can still find a historical part of Cabbagetown in the Northwestern part of Regent Park. The average house price in Regent Park is $705.000 which seems high but is actually pretty low for Toronto’s standards. The Toronto Community Hosting created many three-story buildings made to accommodate as many people as possible. It has three public schools: the Nelson Mandela Park school, Lord Dufferin school, and the Regent Park/Duke of York Junior school which is great if you are moving with kids to Toronto.
Moss Park is another cheap neighborhood in downtown Toronto which is a public housing project. It got its name from the amount of moss on the house of one of the original residents of the neighborhood. Moss Park has a large park and a community center bordered by a plethora of parks and recreation opportunities. Throughout history, it has been known as a dangerous neighborhood because of the number of low-income families living there and being home to several homeless shelters. However, there has been a revival of the neighborhood in recent years so it is pretty safe to live here now. The average house price in Moss Park is $753.000 and it is projected to rise next year. So, get your house while it is still cheap! In addition, the average rent in Moss park is around $2000, so that can be a decent option for temporary housing.
Waterfront Communities – The Island
The Waterfront Communities is a neighborhood located on the shore and it even takes up a portion of the Lake Ontario. There are many condos in Waterfront Communities which means that there are many cheap houses for sale. That is solely due to the fact that the neighborhood was revitalized from being a totally industrial area to a great neighborhood for a pleasant life. Because of the history of this area, there are many facilities with storage units Ontario here. The waterfront itself is getting revitalized as well, and it is slowly becoming a great area for recreation.
The biggest landmark of Toronto, the CN Tower, is in this neighborhood. Other than that it is home to the Toronto International Film Festival, and Toronto Island Park. In addition, it is also the home to the Air Canada Centre where the Toronto Raptors play their games. And on top of that, there is also the Rogers Centre where the Blue Jays play theirs. The average house price in the Waterfront Communities and The Island is $754.000 which is quite similar to the Moss park average house price.
Kensington – Chinatown
The Kensington – Chinatown is an eclectic community that is home to the majority of the Chinese Canadians in Toronto. These streets are very friendly to pedestrians. They even have a Sunday event where nobody drives and it is pedestrian-only. There is the Kensington market, a landmark of this neighborhood and one of the favorite places for tourists to visit. It is a historic market with a diverse community and many small shops.
There are also many restaurants that are great for the residents and even tourists to visit. Even the residents of other neighborhoods come here to eat regularly. This neighborhood features the Art Gallery of Ontario. In addition, there are two public schools: the Orde Street Junior Public School and St. Patrick Catholic School. Other than that, there are two hospitals. All of these things make this a great neighborhood to move to with a family. You can also find cheap houses for sale in Toronto right in this part of town! The average house price in Kensington – Chinatown is $782.000 according to Zolo.ca, and it is great, considering the location and features.
This should be quite enough for you to decide to move to Toronto. There are many cheap houses for sale in Toronto and many job opportunities open so you will certainly be well-situated once you find a job that you are qualified for. With all that said, good luck with your search for a cheap house, and your move to Toronto!