The Greater Toronto Area (GTA) has always been a favorable zone for investors to purchase properties. Here’s looking at some of the best destinations for home purchases in this region. Central Ajax is one of the top hotspots to buy property. The biggest USP of the area is its strategic location along the GO train network and there are large homes available here at comparatively lower prices. The average home prices here are still reasonable in comparison to many surrounding zones. Aurora Heights is another posh suburban micro market which is a top draw for buyers in Aurora. This suburb will no longer be affordable due to rising infrastructure and property prices.
There is sizable demand in Aurora Heights and it makes sense to buy now before prices reach unaffordable levels. Village East in Pickering is another neighborhood hotspot that is seeing major traction in the real estate market. Pickering also offers easy Go train connectivity to several areas in downtown Toronto. The homes here are also comparatively affordable and the Go station is readily accessible from Village East.
This is one major factor behind buyer interest in this micro market. Developers feel that the Kleinburg micro market in Vaughan also has solid potential. The area is home to the famous McMichael Canadian Art Collection and there is a special charm to this area along with picturesque outdoor trails. The subway extension for Vaughan has enhanced connectivity to the city. Some of the other areas which are real estate hotspots include Bayview Wellington and Aurora Grove in Aurora, Heart Lake West, Brampton North, Queen Street Corridor, Downtown Brampton, Heart Lake East, Madoc, Northgate and Central Park in Brampton and Bay Ridges in Pickering. Another fast growing area is North Richvale in Richmond Hill along with Brock Ridge and Liverpool in Pickering.
West Shore and the Town Centre in Pickering are other attractive destinations for investors in addition to Crosby at Richmond Hill. Oak Ridges in Richmond Hill and Commerce Valley in Markham are also finding more takers in recent times.