The Ward, as it was known in the late 1800s, occupies much of what we know today as the downtown core. The area was populated largely by Jewish immigrants fleeing Eastern Europe in the 1890s and were later followed by other immigrants, notably the Italians. In the 1950s the construction of the New City Hall led to many of the homes in the area to be confiscated and so many residents relocated to Spadina Avenue in what is now Toronto’s Chinatown district.
Housing and Accommodation
A residential renaissance of the downtown core, specifically in the Bay Corridor area, began in the 1990s with a condo construction boom. This condo boom has continued to this day with numerous high-rise building already completed or under construction.
JUST LISTED IN THE DOWNTOWN CORE
ABOUT THE DOWNTOWN CORE
The first thing you need to know about Yonge Street is that it’s pronounced “Young.” Centred on the bright and lively Yonge-Dundas Square, this downtown stretch is one of the most vibrant and bustling districts of the city, famous for its abundant shopping, dining and entertainment. Right opposite the Y-D Square is Toronto’s most visited attraction, the Eaton Centre. Modelled after Europe’s indoor gallerias, the Centre’s natural light, interior space and over 350 shops, restaurants and services draw millions of visitors every year. If you can tear yourself away from the fabulous shopping, you’ll find lots of other things to do in Downtown Yonge. You can go to the theatre or catch a movie or attend a concert right on Yonge-Dundas Square or in the nearby historic Massey Hall.
The Financial, Entertainment, Fashion and Theatre Districts are all just beyond your door. With something for everyone, there is no shortage of restaurants, bars, pubs and coffee shops, ranging from quick and convenient take-out places to elegant, upscale establishments that make you want to linger long into the evening.
It’s not surprise that the downtown core consists largely of condos, catering to the business crowd. Appealing to the more elite business crowd, some of the condos being built in the past few years have become more and more luxurious. On average, the condo sale price for the downtown core has increased about 9% in the last year.
With residences ranging from multi-million dollar penthouses to no-bedroom studios, your neighbour could be anyone.
Unfortunately the lack of nearby schools in the Downtown Core means getting the kids to school will involve a short commute.
Plenty of transit options in the downtown core including Union Station, the main hub of Toronto Transit. Union Station links to the metro line, Toronto Pearson International Airport and the GO lines.
In the Downtown Core you can hail a taxi within minutes any time, day or night.
Area: 8km Population: 29,180
Kids: 8% Visible Minority: 20.6%
Youth: 13% Average Family Income: $203,150
Lower Education: 15% High Education: 31.4%
Owned Homes: 36% Tenanted Homes: 64%
- There is always something for everyone.
- Abundance of shopping.
- Catch a cab within minutes any time, day or night.
- Always busy and bustling.
- A tourist haven.
- Visitor parking is minimal and always pricey.