If you’ve noticed an influx of tiny toddlers in the downtown core, it’s not just you. More and more Torontonians are opting to start their family in an urban condo instead of a house or townhome in the suburbs.
According to a recent article published by BuzzBuzzHome, a number of Toronto’s most vertical neighbourhoods, such as the Waterfront, Niagara and Bay Street Corridor, are seeing a baby boom.
There are many reasons for the increase of urban-dwelling moms and dads. For one, a condo doesn't require as much upkeep as a house does, giving new parents more time to spend with the baby (or perhaps to sleep).
Condo residents know the joy of not having to shovel snow, clean second-story windows or mow the lawn, and parents may appreciate this even more. Condos also come with many features and furnishes that are not always standard in houses.
Condos are more affordable, especially now that the average price of a detached Toronto home has reached $1.052 million.
Toronto gridlock has also made downtown living more attractive to many home hunters, “including those starting families and unwilling to give up family time to long commutes between the suburbs and their job in the city,” wrote the author of the article.
Data released by the City of Toronto shows that the Waterfront Communities (Entertainment District, St. Lawrence Market, the Distillery District and City Place) had a total population of 26,025 residents in 2008, but by 2011, that number climbed to 43,365, a 66.63 per cent surge. The number of children in the area increased at a similar rate. There were 805 kids between the ages of 0 and 4 in 2008, and 1,290 kids under 5 in 2011 (a 60.25 per cent increase).
The Bay Street Corridor is also experiencing a modest baby boom. In three years, the number of 0 to 4-year olds increased at a rate of 32.5 per cent. The general population of the neighbourhood only rose by 26.27 per cent.
Are you looking to start a family in downtown Toronto? Plaza has built or is in the process of building several accessible communities in highly desirable downtown neighbourhoods including the Bay Street Corridor and Waterfront. All of our condos come with premium features and finishes, and they are located just minutes away from restaurants, pharmacies, grocery stores and more.
Give us a call or send us an email today to find out more about the advantages of moving in with Plaza.