Looking to buy a new home or invest in real estate sometime soon?

North Richvale – located in the Bathurst and Highway 7 area of Richmond Hill – is the top neighbourhood to invest in for real estate in the Greater Toronto Area, according to MoneySense’s annual Where to Buy Now list. In Toronto proper, Pleasant View – located in North York by Sheppard and Victoria Park Avenues – took the top spot in MoneySense’s study.

Every year, MoneySense tracks real estate prices across Canada and uses a data-driven test to capture the hottest real estate markets in the country with the most potential to continue to rise.

Here are the top five Where to Buy Now neighbourhoods in the GTA:

Neighbourhood Average Price
North Richvale $954,500
Cornell $695,700
Crosby $1,036,400
Aurora Grove $708,700
Rouge River Estates $926,500

 

Here are the top five Where to Buy Now neighbourhoods in Toronto proper:

Neighbourhood Average Price
Pleasant View $891,000
East-End Danforth $824,300
Victoria Village $965,200
Regent Park $817,900
Parkwoods-Donalda $1,182,900

 

Where to Buy Now covers Canada’s 35 major cities and also goes deep to judge almost 2,000 real estate markets at the local neighbourhood level in nine of the country’s largest urban centres, including Toronto, Vancouver and Montreal.

The ranking is based on the following:

  • momentum in recent real estate transactions;
  • real estate value relative to nearby cities or districts;
  • health of the local economy;
  • price level of local rental markets;
  • and a survey of real estate agent experts on markets.

For 2017, MoneySense has declared Guelph as the most attractive city for real estate investment value in Canada. Known as “The Royal City”, Guelph is located about an hour West of Toronto.

Find the full rankings and stories online at MoneySense.ca.