Toronto House Hunting: 10 Must-Know Tips for Finding the Perfect Home
10/21/24
House hunting in Toronto is unlike anywhere else. From the city’s diverse neighbourhoods, like the family-friendly High Park or trendy Junction Triangle, to the ever-changing market trends, buying a home here requires more than just browsing listings. You need a strategy.
Knowing what to look for with new transit lines, exciting developments, and a competitive market can make all the difference. Let’s walk through 10 essential tips to help you find your perfect home in Toronto, no matter which west-end neighbourhood catches your eye.
1. Focus on Location First
When it comes to buying a home in Toronto, location should always be your top priority. With such a diverse range of neighbourhoods, each offering its own character, amenities, and future growth potential, taking the time to research the area can pay off significantly in the long term.
Consider the “15-Minute City” Concept.
The idea of a “15-minute city” is gaining traction worldwide, and Toronto is no exception. This concept promotes neighbourhoods where everything you need—work, schools, parks, shops, and entertainment—can be reached within a 15-minute walk or bike ride. This lifestyle is already a reality in areas like Bloor West Village or High Park, offering residents a blend of convenience and community. Before settling on a neighbourhood, think about how well it aligns with this concept. Does it have easy access to the essentials that matter to you? Are there plans for further development that might enhance the area’s walkability or infrastructure?
Look at Future Developments and Densification Plans
The City of Toronto’s official plan includes targeted areas for densification, meaning certain neighbourhoods are slated for more intensive development in the coming years. This could be an advantage if you buy early, as property values often increase as new infrastructure, commercial spaces, and housing options are introduced. Be sure to investigate whether the neighbourhoods you’re considering—like Junction Triangle or Baby Point Gates—are part of these future plans. This foresight could help you tap into the long-term potential of your chosen location.
2. Pay Attention to Subtle Details
When you’re house hunting in Toronto, it’s easy to get swept up by the bigger picture—location, price, and size. However, it’s often the subtle details that make the biggest difference in your overall satisfaction with a home. Paying attention to these small but important factors can help you avoid unpleasant surprises down the road.
Smell Indicators: What’s That Scent?
Every neighbourhood and home has its own unique set of smells, some of which can be seasonal. In Toronto, for instance, neighbourhoods close to the lake, like Swansea or High Park, might have a distinctive “lake effect” scent during the summer months, which can be refreshing or overwhelming, depending on your preference. However, problematic odours, such as sewage, mould, or musty basements, are often red flags. These could indicate poor drainage, water damage, or other structural issues that could be costly to fix. Take note of any strong or unpleasant smells during your visit and be sure to ask about their origin.
Floor Stability: A Sign of Structural Health
Toronto’s real estate landscape includes a mix of historic homes and modern builds. In older neighbourhoods like Bloor West Village or Baby Point, some homes may have been standing for over a century. While they offer charm and character, it’s important to be mindful of the state of the floors. Uneven or sagging floors can be a sign of aging foundations, often caused by shifting soils or the natural settling of older buildings. Toronto’s infrastructure, particularly in these more established neighbourhoods, can sometimes contribute to such issues. If you notice any dips, squeaks, or signs of instability, it’s worth bringing in a professional to assess the structural integrity of the home.
Natural Lighting: The Impact of High-Rises and Future Builds
Toronto’s ever-evolving skyline is a defining feature of the city, but it can also affect your home’s natural light. If you’re looking at properties in areas experiencing rapid development, like High Park North and Junction Triangle, be sure to consider how new high-rises might block sunlight in the future. A home that seems bright and airy today could feel much darker once construction is completed on nearby buildings. When touring a property, pay attention to the direction it faces, existing structures that might cast shadows, and any plans for future development that could obstruct your view and light. After all, ample natural light can make a world of difference in your daily living experience.
3. Evaluate the Layout and Space
When evaluating a potential home, it’s not just about square footage—it’s about how that space is used. In a dense city like Toronto, smart design can make even the smallest homes feel functional and comfortable. Understanding how to make the most of a home’s layout and storage solutions can be a game-changer, especially as smaller spaces become more common.
Room Dimensions: Maximizing Space in Micro-Condos
Toronto has seen a growing trend of micro-condos, where every square foot counts. These units often feature space-saving innovations such as built-in shelving, convertible furniture, and open-concept designs that make small areas feel more spacious. When considering a home, take a close look at how the room dimensions will work for your needs. Will your furniture fit comfortably? Are there clever solutions like fold-out tables or modular living areas that maximize space without making it feel cramped? Even in larger homes, thinking about how you’ll use each room efficiently can help you decide if the layout is right for your lifestyle.
Storage Solutions: Creative Options for Compact Living
In compact Toronto homes, efficient storage is key. Popular solutions in the city’s smaller homes include under-stair storage, built-in cabinets, and wall-mounted shelving. Some condos feature integrated storage systems that blend into the design, offering hidden compartments and sleek finishes. Murphy beds, which fold into the wall to create more open space, are another common feature in micro-condos and even some townhomes in neighbourhoods like Junction Triangle. When touring a property, look out for these kinds of storage innovations, as they can greatly improve your living experience in a space-constrained home. If the property lacks sufficient storage, consider whether it has the potential to accommodate creative additions in the future.
4. Don’t Be Fooled by Staging
Staging is a powerful tool that can make a home feel stylish, fresh, and move-in ready, but it can also distract from potential issues that might be lurking beneath the surface. In Toronto’s competitive market, staging is a common practice. While it can help you envision a home’s potential, it’s important to look past the décor to ensure there aren’t any hidden problems.
Look Beyond Décor: Watch Out for Staging Tricks
Toronto-specific staging trends often focus on making older homes look sleek and modern, which is great for visual appeal but might mask some underlying concerns. For instance, an outdated electrical panel might be cleverly hidden behind a framed picture or a piece of furniture. These types of staging tricks can prevent you from spotting expensive issues until after the purchase. When you’re touring a home, take time to check behind art and furniture for anything that seems intentionally concealed, and ask your home inspector to pay extra attention to the electrical systems and other utilities that may not be as readily visible.
Identify Potential Issues: Beware of Retrofitted Basement Apartments
Many Toronto homes, especially in older neighbourhoods like High Park or Bloor West Village, have retrofitted basement apartments. While these can be a great source of rental income or an additional living space, not all meet legal or safety standards. It’s common to find homes with basement units that were added without the proper permits, which can create issues down the road if they’re not up to code. Look for telltale signs such as low ceilings, inadequate windows for egress, or makeshift plumbing. If the home has a basement apartment, verify whether it’s been legally constructed and meets current safety regulations.
Trust Your Instincts: Think About Toronto’s Extreme Weather
Toronto experiences a wide range of weather, from intense summer heatwaves to heavy rainstorms and snow. When evaluating a home, consider how well it can withstand the city’s extreme conditions. Are there signs of past water damage, particularly in the basement, which could indicate a risk of flooding? Check for features like sump pumps or upgraded insulation that can help mitigate these issues. Similarly, flooding could be a concern if the property is located in a low-lying area or near one of the city’s ravines. Trust your instincts and think critically about how the home will hold up in both the hottest days of summer and the coldest days of winter.
5. Scrutinize Kitchens and Bathrooms
Kitchens and bathrooms are often the most expensive rooms to renovate and can significantly influence a home’s functionality and value. In Toronto’s market, buyers should pay close attention to these spaces, as they are key areas where future costs and living convenience come into play.
Check Appliances and Fixtures: Energy Efficiency Matters
In a city that increasingly prioritizes sustainability, energy-efficient appliances and fixtures are becoming a major selling point. Toronto’s green initiatives, such as the Home Energy Loan Program (HELP), encourage homeowners to invest in upgrades that reduce energy consumption. When inspecting a kitchen or bathroom, look for modern, energy-efficient appliances, such as low-flow faucets, water-saving toilets, and Energy Star-rated refrigerators or dishwashers. These features help lower utility costs and align with Toronto’s commitment to environmental sustainability, making your home more appealing to future buyers.
Assess Renovation Costs: Toronto’s Building Codes
If the kitchen or bathroom is outdated and requires renovation, it’s important to understand the potential costs involved, particularly in Toronto, where strict building codes can affect renovation timelines and expenses. For example, older homes in areas like Runnymede or Swansea may require electrical or plumbing upgrades to meet modern safety standards. Toronto’s regulations often require licensed contractors, permits, and inspections, which can add significant costs to your renovation plans. Be sure to factor these into your budget when considering a property that may need significant updates in the kitchen or bathroom.
Evaluate Layout Efficiency: Multi-Generational Living
In recent years, multi-generational living has become more common in Toronto, especially as housing prices rise. If you’re looking for a home that can accommodate multiple family members—whether that means parents, adult children, or extended relatives—it’s important to assess whether the kitchen and bathrooms are laid out to support this type of living arrangement. Are the spaces large enough for multiple users? Is there enough storage? Can the layout be easily adapted to include additional amenities, such as a second sink or additional cabinetry? A well-designed kitchen and bathroom can significantly improve the ease of multi-generational living and future-proof your investment as family needs evolve.
6. Consider Parking and Transportation
Any Torontonian will tell you, parking and transportation are crucial factors that can greatly impact your home’s value and your day-to-day convenience. Whether you rely on public transit, drive your own vehicle, or are considering more sustainable transportation options, it’s important to evaluate how well a property meets your current and future needs.
Parking Availability: Alternatives to Traditional Parking
With parking spaces at a premium in many Toronto neighbourhoods, it’s worth considering alternatives, especially in densely populated areas like Junction Triangle or Bloor West Village. If a property doesn’t include parking, investigate whether there are nearby car-sharing programs, such as Zipcar or Communauto, that offer convenient access to vehicles without the need for a permanent spot. Car-sharing is becoming increasingly popular in Toronto, particularly for those who only need a car occasionally. This can save you the hassle and cost of maintaining a vehicle while still providing flexibility when needed.
Future Parking Needs: The Rise of Electric Vehicles
As electric vehicles (EVs) become more popular, the availability of charging stations is becoming a critical consideration for Toronto home buyers. Many older homes and condos in neighbourhoods like High Park or Swansea may not yet have EV charging infrastructure in place, but it’s something worth keeping an eye on. When considering a property, think about how easy it would be to install a charging station, either on-site or through shared parking facilities. Condos, in particular may have restrictions, so check with the building management if you’re thinking of purchasing an electric vehicle in the near future. Future-proofing your home with an eye on EV adoption can add significant value as the demand for charging options grows.
7. Work with a Local Real Estate Agent
In a city as dynamic as Toronto, finding the perfect home requires more than just searching listings—it demands the expertise of an experienced local real estate team. The Smith Proulx Real Estate Team brings years of experience navigating Toronto’s west-end neighbourhoods, offering you the insights and connections needed to make informed decisions in a competitive market. Whether you’re exploring the charming streets of High Park, the vibrant atmosphere of Junction Triangle, or the serene pockets of Baby Point Gates, working with a team that knows the nuances of the local market is invaluable.
Market Expertise: Local Knowledge You Can Trust
The Smith Proulx Team has a deep understanding of Toronto’s unique neighbourhoods, from the family-oriented parks and schools of Bloor West Village to the lively, urban feel of the Junction. With a finger on the pulse of market trends and an intimate knowledge of future developments, we can help you find a home that aligns with your lifestyle while also being a sound investment. Our team has experience in a wide range of cultural communities, ensuring we match you with a neighbourhood that truly feels like home, whether you’re looking for a quiet retreat or a bustling, walkable community.
Access to Exclusive Listings: Unlock Hidden Opportunities
One of the major benefits of working with the Smith Proulx Team is access to Toronto’s exclusive pocket listings—properties that often never make it to the public market. Our strong connections in the local real estate community allow us to offer you a first look at off-market opportunities in high-demand areas like Swansea, High Park, and Bloor West Village. This gives you a competitive edge in a market where homes can sell in the blink of an eye. With the Smith Proulx Team by your side, you won’t miss out on hidden gems that other buyers might never see.
Negotiation Skills: Winning in Toronto’s Bidding Wars
It’s not uncommon to find yourself in a bidding war, especially for homes in desirable west-end neighbourhoods. With the Smith Proulx Team, you’ll have expert negotiators in your corner, familiar with the strategies needed to come out on top without overpaying. We understand the nuances of Toronto’s real estate landscape and know when to make a competitive offer, when to negotiate, and how to secure the best possible deal for you. Our team’s proven track record in winning bidding wars ensures that when the right home comes along, you’ll have the best chance of making it yours.
8. Be Prepared to Act Quickly, but Don’t Rush
Timing is everything. Homes can come and go within days, and being prepared to act quickly is key. However, making a hasty decision without proper consideration can lead to costly regrets. With the Smith Proulx Real Estate Team, you’ll have the guidance you need to strike the right balance—moving fast when necessary but never rushing into a decision without thoroughly evaluating your options.
Understand Market Dynamics: Navigating Toronto’s Market Cycles
Toronto’s real estate market tends to follow distinct seasonal trends, with Spring and Fall typically being the busiest times of year for buyers and sellers. The Smith Proulx Team understands the ebb and flow of these market cycles and how they can impact your buying strategy. Whether you’re looking to buy during the competitive spring market or seeking opportunities in the quieter winter months, our team will help you understand how timing can influence pricing and availability. We’ll work with you to find the right moment to make your move, ensuring you’re ready to act when the perfect home becomes available, but never rushing you into a decision without careful thought.
Set Priorities: Thinking Long-Term with Climate Change in Mind
Toronto’s climate change initiatives are reshaping the city, from green building standards to future-proofing neighbourhoods for more sustainable living. As part of your long-term planning, it’s important to consider how these initiatives might affect property values. The Smith Proulx Team is well-versed in Toronto’s evolving environmental policies and can help you assess how they may impact your home purchase. For example, homes with energy-efficient features or proximity to green spaces might see higher demand in the coming years. By helping you set priorities that align with both your immediate needs and future trends, we ensure you’re making a sound investment for the long term.
Take Time for Evaluation: Hidden Costs in Toronto Condos
One of the critical factors when purchasing a condo in Toronto is understanding the potential for special assessments—extra fees that can be levied on condo owners to cover unexpected repairs or renovations. These assessments can significantly impact your overall costs, especially in older buildings or those undergoing major upgrades. The Smith Proulx Team will help you evaluate the financial health of any condo building you’re considering, ensuring you’re aware of potential assessments or other hidden costs that could arise. We’ll make sure you have all the facts so that you can take the necessary time to evaluate your options, even in a fast-moving market.
9. Look Beyond Cosmetic Issues
A fresh coat of paint or new flooring can make a home feel updated, but it’s important to look past cosmetic improvements and evaluate the underlying structure. In a city like Toronto, where many homes are decades, if not over a century old, ensuring a property’s structural integrity and long-term potential is critical. The Smith Proulx Real Estate Team helps buyers focus on what really matters, giving you the confidence to make a well-informed decision.
Inspect Structural Integrity: Understand Toronto’s Aging Housing Stock
Toronto is home to various architectural styles and construction eras, each with its own set of potential issues. Many homes in older neighbourhoods like Bloor West Village or High Park are part of the city’s aging housing stock, built with materials and methods that may no longer meet today’s standards. While these homes offer character and charm, they can also hide structural concerns such as foundation cracks, outdated plumbing, or wiring issues. The Smith Proulx Team can help you identify common problems in older homes and advise when to call a structural engineer for further inspection. By looking beyond the surface, we ensure you know of any major repairs that could impact the home’s long-term value.
Consider Long-Term Value: Areas Targeted for Revitalization
Toronto is continuously evolving, with areas across the city being targeted for revitalization and growth. Investing in a home in one of these up-and-coming neighbourhoods can offer significant long-term value. New infrastructure, parks, and commercial developments can boost property values over time. The Smith Proulx Team closely monitors Toronto’s official plans for future developments and densification. We can guide you toward neighbourhoods set for revitalization, helping you get in early and benefit from future appreciation. Whether it’s Junction Triangle’s rapid growth or planned improvements in Baby Point Gates, we’ll ensure your investment aligns with the city’s future potential.
Identify Necessary Repairs Early: Heritage Designation Considerations
If you’re considering purchasing a home with historical significance, particularly in areas like Runnymede or parts of the west end, it’s important to understand Toronto’s heritage designation process. Homes designated as heritage properties may come with specific renovation restrictions, limiting what you can change or update. While these homes offer a unique charm and prestige, they often require additional care and investment. The Smith Proulx Team will help you navigate this process, ensuring you understand the impact of heritage designation on your renovation plans and overall costs. Identifying necessary repairs early on can help you avoid unexpected hurdles after the purchase.
10. Keep Detailed Notes
House hunting in Toronto can be overwhelming, with so many factors to consider, from zoning restrictions to floodplain proximity and walkability scores. To make sure you’re fully informed and can compare properties effectively, it’s crucial to keep detailed notes throughout the process. The Smith Proulx Real Estate Team encourages all our clients to document their observations carefully so they can make confident decisions when the time comes to choose the right home.
Document Observations: Use Toronto-Specific Checklists
Toronto has its own unique real estate challenges, from basement flooding risks to varying construction standards across neighbourhoods. Using a Toronto-specific property evaluation checklist can help you stay on top of important details like proximity to flood plains, potential for future developments, and the condition of key infrastructure. The Smith Proulx Team provides buyers with tailored checklists to guide you through your home tours, ensuring you don’t miss any crucial factors. By documenting these details as you go, you can make well-informed comparisons between properties.
Use Visual Aids: Leverage Augmented Reality for Renovation Planning
When considering a home that might need renovations, it’s often difficult to visualize how the space could change. Augmented reality (AR) apps can be a powerful tool for helping you see how potential upgrades would look, especially within the limits of Toronto’s zoning restrictions. Whether you’re planning to open up a kitchen or add an extension, AR technology allows you to “see” these changes before committing.
Create a Comparison Chart: Include Toronto-Specific Factors
When evaluating multiple properties, creating a comparison chart can help you weigh the pros and cons of each home. Be sure to include Toronto-specific factors like walkability scores, proximity to ravine systems, and access to public transit. These are all crucial aspects that can affect both your day-to-day living experience and the future resale value of your home. With the Smith Proulx Team on your side, we’ll help you analyze these factors and create a comparison chart that makes the decision process clearer and more structured.
Your Next Steps to Finding the Perfect Toronto Home
Navigating Toronto’s real estate market can be challenging, but these ten essential tips will help you make informed decisions. From understanding neighbourhood dynamics to evaluating subtle property details, being prepared is critical.
The Smith Proulx Real Estate Team is here to guide you. With local expertise and access to exclusive listings, we’ll help you find the perfect home in Toronto’s west end. Ready to get started? Contact us today to begin your home-buying journey with confidence!
Ready to get started?
Contact us today to begin your home-buying journey with confidence!