What Torontonians today refer to as the downtown core was once known as The Ward in the late 1800s. At that time this area was heavily populated by Jewish New Canadians who had fled racial and religious persecution in Eastern Europe and were later followed by other New Canadians most notably in The Ward by Italians. In the 1950s the construction of Toronto’s New City Hall led to many area homes being confiscated and many residents relocated to the area surrounding 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 continues to this day with numerous high-rise building already completed or currently under construction.
JUST LISTED IN THE DOWNTOWN CORE
ABOUT THE DOWNTOWN CORE
The Financial, Entertainment, Fashion and Theatre Districts of Toronto are all contained within the boundaries of Toronto’s vibrant Downtown Core. Lively Yonge-Dundas Square and the surrounding areas is certainly one of the most well-known and vibrant districts of the city.
Famous for its abundant shopping, dining and entertainment, the Downtown core is home to Toronto’s most visited attraction, the Eaton Centre, and movies, theatres and historic Massey Hall are also in the bustling cultural mix of this exciting neighbourhood.
The Downtown Core has a broad appeal, seeming to have something for everyone with not a shortage of restaurants, bars, pubs or coffee shops in sight.
It’s not surprising that a densely populated urban city would have a downtown core populated mostly by condos that cater to a business professional. However, you might be surprised by the new levels of luxury achieved by the newest condo developers. A high-demand housing option 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.
Urbanites who love the energy of the Downtown Core live in any one of the condominium options available, from luxurious penthouse suites with endless views to the most economical studio configurations.
Unfortunately, the lack of schools in the Downtown Core means getting the kids to school will involve a short commute.
Of course you’re in the thick of it downtown, so there are plenty of transit options, including Union Station, which is the main hub of Toronto’s Transit System. Union Station conveniently links to the metro subway lines, Pearson International Airport, VIA Rail, and the GO Transit system.
And don’t forget: 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%
- Theatres, music halls, restaurants galore—in this area, you’ll never be bored
- Saks Fifth Avenue, Nordstrom, The Eaton Centre…need we say more?
- Abundant choice of residential condominium options
- All that energy can be a little much at times.
- The friendly but abundant tourists
- Visitor parking is challenging and expensive.