The decision to buy a home can be a difficult one especially if you have not yet decided which are will best suit your needs. If fact choosing which real estate to invest is, at the best of times, a challenging endeavor. While it is very hard to find an area that will tick-off every checkmark on your list if you are looking in the northern parts of Toronto then the neighbourhood of Thornhill might be something you should consider as you comb through the real estate market.
The community of Thornhill is considered a suburb of Toronto and lies just to the north of the city. With a population of approximately 56,000 people it is actually split into two municipalities by one of the longest streets in Canada, Yonge Street. On one side of Yonge Street is the city of Markham and on the other is the city of Vaughan. This makes Thornhill quite a unique community.
Although Thornhill has existed since 1794 it’s real growth as a suburb started in the 1960’s and 70’s. This has mainly been driven by its proximity to the city of Toronto. This has helped to fuel the Thornhill real estate market which continues to grow to this day. There are many different types property that are available in the area making the chances fairly high that a buyer will find one that matches most, if not all of their needs.
One of the characteristics that makes Thornhill so appealing as a community is its ethnic diversity. The population is made up members from the Chinese, Korean, West Asian, filipino and Jewish communities. This broad spectrum of residents has helped to bolster a heavy real estate market both for those looking to buy home in the area as well as making selling a property much easier since there is a healthy demand.
Being a suburb the region has an abundance of single family detached homes. While these types of houses are what many home buyers are looking for when hunting for real estate listings that is not only type of property the area has to offer. Since 2000 there has been a significant growth in the development of condominiums in the area. This has largely been fuelled buyer moving further north as the prices for homes in Toronto have risen dramatically.
The growth of the condo market in condo, while being generally good for the real estate market, has not been without some controversy. Condos are a type of high density housing that can increase traffic congestion in and around the neighbourhoods they occupy. This has caused some residents to be concerned that the area, as well as neighbouring communities would lose some of character that historically has made it so appealing.
This is not to say that property are cheap. The neighbourhood of Thornhill Woods, for example, is an upscale community that offers, detached and semi-detached luxury properties both old and new construction. Other high neighbourhoods include Upper Thornhill Estates, Dufferin Hill and The Valleys of Thornhill. Each having its own set of unique characteristics. You can find homes nestled in relaxing green spaces and a nice mix of both old and new sections.