Regent Park is Toronto’s oldest neighbourhood that once supported the city’s development. The people residing here come from various cultures. There are about 60 first-language-speaking communities living in this neighbourhood. Regent Park is one of the most culturally diverse neighbourhoods in Toronto. A promising chapter regarding the development of Regent Park is underway with a budget of $1 billion and is likely to take 15 years to complete.
Regent Park came from the remains of the southern part, which was once known as the Cabbagetown neighbourhood. This southern Cabbagetown was once among the worst slums in Toronto targeted by the upper class for urban development and later on came to be known as Regent Park. The project was built in 1949 and became known as one of the first public housing developments in Canada.
With the development, Regent Park still has a limited number of shops and services that are located alongside Parliament Streets, River, and Gerrard. Healthcare centres and other convenience stores are also available in this neighbourhood. Moreover, the real estate of Regent Park is gradually developing and is home to low-income families and students.
The real estate market of Regent Park consists of several property types, such as market condos, community, and retail space, along with affordable housing units. The newly constructed Community Centre is the major highlight of Regent Park. With a plethora of recreational activities, this neighbourhood also has employment centres, meeting rooms, teaching kitchens, rooftop gardens, and community halls.
With a liveability score of 66, Regent Park is a below-average neighbourhood for living. The area has accessibility to a fixed amount of amenities and other facilities. However, many changes and upliftments can be seen in the upcoming years after the development plan for Regent Park is completed.
Additionally, the crime rates in Regent Park are 34% higher than that of other neighbourhoods of Toronto. The various score for livability in Regent Park are as follows:
||66 out of 100
||34% higher than other neighbourhoods in Toronto
|Cost of Living
||11% lower than other neighbourhoods in Toronto
|Real Estate Prices
||34% lower than other neighbourhoods in Toronto
||100% lower than other neighbourhoods in Toronto