Digital real estate platform, Wahi, has released it’s Where to Live 2023 rankings.
The interactive ranking lists the top neighbourhoods in each Greater Toronto Area region.
The report is ranked against eleven lifestyle categories and was designed to be a tool for homebuyers looking to find the neighbourhoods that best match their criteria.
Homebuyers have more than one area in mind
Wahi’s new feature comes in response to an Ontario-wide survey conducted by the company in partnership with Angus Reid.
The survey found that nearly 80 per cent of potential GTA homebuyers had one or more neighbourhoods in mind. However, 38 per cent could not purchase homes in their top-desired areas.
The report revealed that pricing remains the number one barrier, with 84 per cent of respondents expressing this concern, while lack of availability was the second-most reported obstacle, with 27 per cent of respondents citing it as an issue.
CEO of Wahi, Benjy Katchen, says, “Potential homebuyers who can’t find a home in their top choice of neighbourhood don’t need to give up hope on buying in the GTA altogether.”
He goes on to explain that Wahi’s Where to Live 2023 is a resource that showcases the wealth and diversity of options available in the GTA.
Lifestyle categories
As more people explore options outside of Toronto while wanting to retain some aspects of city living, such as going car-free, good shopping, and a vibrant food scene, Wahi’s aims to show that numerous neighbourhoods offer these experiences throughout the GTA.
Some standout areas include the Burlington Downtown and Waterfront area, Mississauga City Centre, and Vaughan’s Brownridge neighbourhood.
Wahi analyzed demographic data points to rank all 396 neighbourhoods across all five GTA regions: Toronto, Markham-York, Mississauga-Peel, Oshawa-Durham, and Oakville-Halton across eleven categories, including families with young children, families with teenagers, pet lovers, retirees, car-free living, active lifestyles, nature lovers, shopping, and foodies.
The ranking score was determined based on Wahi’s proprietary weighting of the variables, such as proximity to primary schools, parks, restaurants, green spaces, and other locations that commonly influence home-purchasing decisions for each major region.
See Wahi’s Where to Live 2023 rankings here.
