David's Blog


Toronto Life Names Crash Proof Neighbourhoods

With speculation about a slowing economy, everyone's searching for a little security. Here are [Toronto Life's] picks for crash-resistant neighbourhoods

The most important consideration in buying crash-proof real estate is the overall vitality of a neighbourhood. Look for areas with thriving local businesses and well-maintained homes that are accessible by TTC. Districts with a diverse mix (detached, semis, towns, apartments and condos) at a variety of price points means you won't run the risk of living in a bust area if, say, townhouses go out of fashion (ultra-high-end condos, which tend to attract foreign investment, are the exception). Flexibility is another key; properties that are easily converted between single-family and rental units will ensure against a property value-lowering fire sale if your neighbour is desperate to sell and can't hold out for a decent price. Regions populated by those who work in IT, advertising, design and media will fare better through a downturn than nabes with high-flying financiers or auto workers. Areas with artsy professionals often have a high proportion of cafés, galleries, boutiques and other value-maintaining amenities. Having a permanent attraction such as a museum, park or waterfront, and residents with fixed incomes (such as students and seniors) provides a steady support system for local businesses. Emerging areas with undervalued properties are money-makers when gentrification hits.

They include; Annex, Guildwood, High Park - Swansea, Kingsway South, Kensington - Chinatown, Longbranch, Palmerston - Little Italy, Rosedale - Moore Park, Trinity Bellwoods, University.

The criteria for selection was; high percentage of students and seniors, high concentration of luxury condos, properties can be converted from single family to rental units, permanent attraction and populated by IT, AD, design & media types.

David Pylyp; While I agree with the selection process, concentrating in the west side of Toronto I am more familiar with High Park- Swansea. They have excluded a large up and comming neighbourhood of The Junction. This has a vibrant arts community and a revival of business thru the local BIA. The Longbranch neighbourhoods (Mimico and Alderwood) have long been undervalued compared with other Toronto locations. Another omitted and highly desireable pocket is the Markland Wood neighbourhood with what, I believe, is the highest concentration of inground pools per square mile.

In each neighbourhood evaluation one does need to examine, community involvement, investment in renovations and the turnover (stabililty of ownership) rates.

David Pylyp

Etobicoke Real Estate Agent

Accredited Senior Agent for York Peel and Halton Regions

Lives in Toronto and promotes Giving Value

As we move forward It would be good if you also circled me on Google +

Comment balloon 0 commentsDavid Pylyp • October 09 2008 07:40AM
Toronto Life Names Crash Proof Neighbourhoods
With speculation about a slowing economy, everyone's searching for a little security. Here are [Toronto Life's] picks for crash-resistant neighbourhoods The most important consideration in buying crash-proof real estate is the overall vitality of a… more
Are we suffering from the FUD?
FUD is a sales and marketing acronym which stands for; fear, uncertainty and doubt. Are we currently suffering from FUD? With everyone taking a wait and see position, we will make every negative prediction a reality. I received this today… more
A Buyer's Agent will…
Which agent do you pick? Buyers, when shopping for their new home, interview a number of different agents. Each wants a dedicated client who will purchase quickly. The Buyer wants all the information they can find about their… more
Grenadier Landing - Community Profile
Grenadier Landing Etobicoke Condos Waterfront Humber Bay Shores - 5 Marine Parade Dr., BUILDING DESCRIPTION: Located in west Toronto on the waterfront, by the beach, Grenadier Landing is destined to become Toronto's most exciting… more
The Waterford Community Profile
The Waterford Humber Bay Shore Condos Etobicoke Condos Waterfront 2083, 2087, 2095 Lake Shore Blvd., W BUILDING DESCRIPTION Ultimate in luxury living, The Waterford consists of three buildings, one 16-storey tower and one 18-storey tower located on… more
Explorer Condominiums Community Profile
Explorer Condominium Humber Bay Shore 58 Marine Parade Dr. Etobicoke Condos Waterfront EXPLORER consists of two elegant 14-storey towers connected by a shared 4-storey podium housing the buildings amenities and lobby with 24… more
Condo Crunch
What you should know before you agree to buy a condo Etobicoke Condos Waterfront Click here to watch the video Great towers of glass and steel are going up in every big city in this country, and in many of the smaller ones too. If you're looking… more
$10, 000 Home Buyers Grant - Mississauga Homes for Sale
It is now easier for Ontario families to buy a home and enter the housing market through new rules under the Canada-Ontario Affordable Housing Homeownership Program. The Government of Ontario has increased from $62, 600 to $75, 800 the maximum… more
For Sale by Owner - Why do I need a Realtor
Selling Myself.. Why I need a realtor Why do you need a Realtor… If you can sell your home yourself. There are more people today attempting to sell their own homes. Many go this route because they do not believe that a Realtor (R) Brings… more
WO Build Special Offer Homes west Toronto
Wo Build Special Offer Free Assessment The WO-BUILT ‘Your Dream House' Assessment helps you formulate your ideal home and your ideal home renovation and enables you to communicate your visions to your contractor. Created by Wo-Built… more