±JOIN OUR FREE NEWSLETTER
±Compare Expat Providers
±Expat Focus Partners
±Latest Financial Articles
· Brexit Update: How to Navigate Your Money Transfers Around Political Change
· A Closer Look At Europe – Some Of The Best Cities To Move To In 2018
· Expat Focus Financial Update June 2018
· Expat Focus Financial Update May 2018
· Life Down Under – 10 Things You Didn’t Know About Living In Australia
· The Top 5 Things American Expats Need To Know When Filing US Taxes Abroad
· Expat Focus Financial Update April 2018
· Expat Focus Financial Update March 2018
· Moving Abroad, Before And After Brexit
±A - Subscribe to Our Newsletter
Our monthly newsletter contains health and financial news, expat articles, social media recommendations and more.
±A - Join Our Community
±A - Read Our Guide
±A - Compare Quotes and Save
±A - Listen to the Podcast
±A - Expert Financial
±A - ExpatFocus Partners
Accommodation & PropertyBack to top Back to main Skip to menu
Toronto - Accommodation & Property
Since Toronto's population is largely an immigrant one, most of the residential neighbourhoods have a fairly mixed population. Nevertheless, concentration of some communities is visible on Gerrard Street where the Indian Bazar is located; on College Street where there is domination of Italian shops and cafes; at the Portugal Village where the Portuguese stick together; at Little Poland where East Europeans congregate, at Chinatown; and at Koreatown where immigrants from China and Korea get together.
Capital values and rentals for apartments in Toronto are rather steep, and vary with the location. The landlords urgency to lease his apartment also often dictates the rental values in the city.
Forest Hill is one of the premium neighbourhoods in Toronto where a one bedroom apartment could cost as much as $250,000. The Waterfront is Toronto's fastest growing areas where hectic construction is directed towards high-rise condominiums, parks and promenades
Toronto's lakeshore has seen the coming up of well planned condominiums on old railway land on Spadina Avenue with large areas dedicated to green spaces. Rates for a single bedroom apartment are in the range of $2200 to $2450. Similarly, the industrial area of St Lawrence Market has shed its dull landscape to acquire a trendy faade with some busy shopping areas and landmark buildings.
Bay Street, Toronto's financial hub has also seen a spurt in residential properties in the last decade in the luxury category. Meanwhile, King West in central Toronto sports townhouses fashioned on Victorian lines complemented by fine support facilities in the neighbourhood, as well as condominiums on its north side. It is one of Toronto's busiest areas.
Yonge and Eglington in north Toronto, popular with the younger crowd have also been swamped by high-rise residential blocks and townhouses. The rent for a 4-5 bedroom bungalow would be around $ 1,500 to $1,800 per month. South Etobicoke also sports a more contemporary look with a choice of nightclubs and restaurants supporting neighbouring offices, condominiums and row houses.
Residents in Toronto are covered by the City of Toronto Act, 2006 which entails property owners to pay Property Tax, Municipal Land Transfer Tax and the Personal Vehicle Ownership Tax. The Municipal Land Transfer Tax is ONLY paid when you sell a property, and the Personal Vehicle Ownership Tax is a yearly flat rate of $60 for any non commercial vehicle that is registered to an address in the city of Toronto. In addition, each car in Ontario is subject to a Ontario annual fee of $74 for a licence plate validation tag, which expires on the vehicle owner's birthday. For further details, refer to www.toronto.ca/taxes/index.htm
As for domestic help in Toronto, professional housekeeping services can be contacted for a range of services. There are also a number of agencies who offer domestic help for residents in Toronto a search on the internet throws up a series of such firms.
Read more about this country
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.