2011/01/03

 

Risk Assessment: a neighbourhood-by-neighbourhood guide to the safest places to buy real estate in Toronto





LESLIEVILLE This neighbourhood of artsy 30-somethings was up-and-coming a decade ago and has now mostly arrived. The stock is still dominated by modest two-storey semis, and the renos have been minimal, kept mostly to interiors. The weak spots here are along the railroad to the east, busy thoroughfares Gerrard, Queen and Eastern, and the seedy bits between Coxwell and Woodbine.
Risk Assessment: Medium-high

RIVERDALE This is one of the city’s can’t-go-wrong neighbourhoods, its upward rise seemingly unstoppable. Given its proximity to the core and to Withrow Park, plus the healthy commercial strip on Danforth, there’s little chance prices will suffer from a burst bubble. Even the demographic is more stable than, say, the Beach, which has the same working-age cohort but more children and, as a result, far more stretched lines of credit.
Risk Assessment: Very low


read more in Toronto Life Magazine...here

picture of Riverdale cul-de-sac just south of Danforth Avenue

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