A New Canadian’s Guide to West Toronto

Welcome to West Toronto, a lively and vibrant part of Canada’s largest city. This charming part of the city is home to a wide range of residents – including new Canadians. 

In this blog post, we’ll help you get to know West Toronto better by highlighting some of its top neighbourhoods and everything to love about life in the West End. We’ll also cover important information about purchasing residential property as a new Canadian, the advantages of buying, and how you can find a great place to call home with the help of a local real estate agent.

What Makes West Toronto’s Neighbourhoods Great?

The West End’s dynamic neighbourhoods offer a blend of urban living, natural green spaces, great schools, cultural amenities, a strong sense of community, and more.  

Some of Our Favourites

Swansea

Swansea is a picturesque neighbourhood nestled along the Humber River. Known for its charming streets and Tudor-style homes, it offers a peaceful suburban feel while being just a short commute to downtown. It’s also located near Bloor West Village, a vibrant shopping and residential district that boasts a variety of boutiques, cafes, restaurants, and specialty stores.

Roncesvalles

Roncesvalles, known locally as “Roncy” is not just one of the most in-demand neighbourhoods in West Toronto but also the whole city. Roncy is a family-friendly neighbourhood with quiet streets and a strong neighbourly feel. The area’s bustling commercial strip along Roncesvalles Avenue is frequented by locals and visitors alike. 

The Junction

The Junction is an up-and-coming neighbourhood that stands out as one of West Toronto’s most unique enclaves. Known for its trendy vibe, the neighbourhood’s art spaces, bars, and eclectic shops make it a vibrant place to call home. Given its distinct atmosphere, The Junction is particularly popular with younger residents. 

Thinking about buying a home in West Toronto? Explore these related readings for tips. 

• Should I Trust Real Estate Advice From Social Media?
• Incentives & Tax Breaks First Time Buyers Should Know About
• Should I Buy A Multi-Family Home in Toronto?

Can New Canadians Buy Real Estate in West Toronto?

In West Toronto, like a number of other significantly populated areas within Canada, there are specific rules governing property ownership for newcomers. The Prohibition on the Purchase of Residential Property by Non-Canadians Act, which took effect at the start of 2023, does impact some new residents, but not all. 

So who is eligible to buy a home in West Toronto? In short, anyone who is a Canadian citizen or permanent resident may buy residential property. Temporary residents who are in Canada to work or study may also be eligible to buy a home, however, there are some nuanced restrictions.   

It’s important to note that this legislation is pretty complex and there are certain exemptions that apply. With that in mind, it’s worth speaking to a real estate agent or lawyer before you begin house hunting. As professional experts, they can provide you with a better sense of whether or not these rules will impact you. 

Why Buy in West Toronto Instead of Rent?

Although The Prohibition on the Purchase of Residential Property by Non-Canadians Act may make a home purchase seem daunting, owning a home in West Toronto (as opposed to renting) can help new Canadians create a strong financial foundation as they adjust to life in Canada. 

In West Toronto, purchasing a home is often considered a wise investment because it offers long-term financial stability. Unlike renting, where monthly payments go towards someone else’s property, buying a home allows you to build wealth for yourself over time. This equity can serve as a valuable asset and a source of financial security for you and your family in the long run.

Not to mention, buying a home can protect you from Toronto’s climbing costs of rental housing – which include some of the highest costs in all of Canada. 

Want to know more about our favourite communities in West Toronto? Check out these neighbourhood-related blog posts. 

• Best West Toronto Communities for Kids
• What Makes a Great Family-Friendly Neighbourhood in Toronto?
• 3 Great West Toronto Neighbourhoods For Downsizers

Your West Toronto Real Estate Team

If you’re thinking about buying a home in West Toronto, you’ll want to work with an experienced, local real estate team – like us. At Smith Proulx Real Estate, we’ve been helping families find their perfect home in the West End for decades, and we can do the same for you! 

When you’re ready to begin your house-hunting journey, we’re ready to help. Reach out anytime to get in touch!  

Thinking about purchasing a home in West Toronto as a new Canadian? The Smith Proulx Team can help. Send us an email or call 416-769-6050 to get started.