Top neighbourhoods to buy Greater Toronto Area real estate in 2017

The GTA’s top neighbourhoods

The No. 1 spot has homes going for $200K cheaper than surrounding areas

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A seller’s market

While governments, banks and even some realtors openly express concern about Toronto’s housing market, home prices continue to set new records.

In 2015, roughly one in four homes in the GTA was priced under $500,000. A year later, less than 10% of neighbourhoods are below the half million mark. That doesn’t mean there still aren’t deals to be had, but you need to do your homework.

For the best deals in Toronto, look north. Eight of the top 10 neighbourhoods in the GTA reside in York region including our No. 1: North Richvale in Richmond Hill. Homes are selling for $1 million, and that’s about $200,000 below the average price in Richmond Hill. It’s also in a choice school district so prices may catch up to its neighbours.

Photo gallery: Top 25 Toronto neighbourhoods

If you’re on a tight budget but have your heart set on owning a house, you’ll want to start your search in Durham where $400,000 will still buy you something respectable. Our top 25 neighbourhoods saw prices rise by 26%, outpacing the broader GTA by three percentage points. Notably, seven of last year’s top 25 are back again this year, led by Aurora Grove which slipped to No. 4, from first overall in 2016. If you’re hoping for something closer to downtown, focus on where Highway 401 meets the Don Valley Parkway. There you’ll find a few pockets where prices are playing catch-up to the neighbourhoods around them.

Scroll down to see the full ranking of neighbourhoods and to learn more.

Best deals in real estate across the GTA

Greater Toronto Area at a glance…


City Top 25
Average Neighbourhood Price $861,859 $871,192
Median $774,000 $933,800
Max $3,006,200 $1,146,800
Min $273,700 $355,300
Below $500K 9% 8%
Average 1-year return 22.7% 30.3%
Average 3-year return 49.1% 67.3%
Average 5-year return 67.9% 90.3%
Realtor grade (out of 5) ★★★★ ★★★★

A look at GTA regions

Top 25 neighbourhoods in the GTA

Click here to see the full ranking of 400+ GTA neighbourhoods

  • Rank Neighbourhood Area Average price Average price vs. area Average price vs. metro district Average price vs. greater city area Value 1-year price change 3-year price change 5-year price change Momentum Realtor grade
    1 North Richvale Richmond Hill $954,500 78.2% 96.9% 113.8%     31.2% 67.0% 94.9%     ★★★★½
    2 Cornell Markham $695,700 64.4% 70.6% 83.0%     21.2% 57.0% 75.9%     ★★★★½
    3 Crosby Richmond Hill $1,036,400 84.9% 105.2% 123.6%     37.5% 84.1% 113.7%     ★★★★
    4 Aurora Grove Aurora $708,700 80.8% 72.0% 84.5%     26.4% 66.9% 81.6%     ★★★★
    5 Rouge River Estates Markham $926,500 85.8% 94.1% 110.5%     28.5% 53.7% 80.3%     ★★★★½
    6 Langstaff Richmond Hill $971,100 79.5% 98.6% 115.8%     30.5% 63.0% 111.9%     ★★★★
    7 Pleasant View Toronto C15 $891,000 67.1% 89.8% 106.3%     32.2% 69.2% 88.3%     ★★★½
    8 Village Green-South Unionville Markham $933,800 86.5% 94.8% 111.4%     24.3% 67.6% 86.8%     ★★★★½
    9 Bayview Northeast Aurora $826,500 94.3% 83.9% 98.6%     27.3% 72.8% 95.3%     ★★★★
    10 Central Oshawa $355,300 80.4% 66.7% 42.4%     29.7% 69.0% 89.9%     ★★★
    11 Observatory Richmond Hill $1,146,800 93.9% 116.4% 136.8%     34.4% 70.5% 84.1%     ★★★★★
    12 Bayview Wellington Aurora $679,200 77.5% 69.0% 81.0%     21.0% 57.2% 83.3%     ★★★★
    13 Bristol-London Newmarket $623,000 83.7% 63.3% 74.3%     30.5% 62.0% 75.1%     ★★★★
    14 Oak Ridges Lake Wilcox Richmond Hill $1,035,800 84.8% 105.2% 123.5%     30.4% 65.4% 89.4%     ★★★★
    15 German Mills Markham $1,021,200 94.6% 103.7% 121.8%     37.6% 73.0% 91.6%     ★★★★½
    16 Harding Richmond Hill $1,143,900 93.7% 116.1% 136.4%     47.3% 93.6% 111.9%     ★★★★
    17 Raymerville Markham $956,600 88.6% 97.1% 114.1%     27.4% 68.9% 84.7%     ★★★★
    18 Vanier Oshawa $360,700 81.6% 67.7% 43.0%     28.2% 61.9% 86.7%     ★★★½
    19 Central Newmarket Newmarket $688,400 92.5% 69.9% 82.1%     29.7% 63.9% 82.1%     ★★★★
    20 Oak Ridges Richmond Hill $1,081,400 88.6% 109.8% 129.0%     30.6% 67.9% 92.7%     ★★★★
    21 Aurora Heights Aurora $837,400 95.5% 85.0% 99.9%     31.5% 65.5% 91.2%     ★★★★
    22 Stouffville Whitchurch-Stouffville $836,900 90.6% 85.0% 99.8%     22.2% 58.1% 77.8%     ★★★★½
    23 Bayview Fairway-Bayview Country Club Estates Markham $1,037,300 96.1% 105.3% 123.7%     41.9% 80.0% 95.7%     ★★★★
    24 Sherwood-Amberglen Markham $956,900 88.6% 97.2% 114.1%     24.5% 50.5% 82.2%     ★★★★½
    25 Old Markham Village Markham $1,074,800 99.6% 109.1% 128.2%     31.2% 75.4% 111.5%     ★★★★½

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