Etobicoke, as the fourth-largest head office centre in Canada, stands out as a thriving business hub. Boasting approximately 18,000 businesses, half of which operate in corporate, product distribution, or manufacturing sectors, Etobicoke is a dynamic economic force. Key industries, including chemical, automotive parts, electronics, computers, and pharmaceuticals, contribute to its robust business landscape.

The real estate market in Etobicoke is experiencing significant growth, with the development of numerous condominium towers along Bloor St. and the waterfront near Humber Bay. The central areas of Etobicoke, primarily middle-class, are witnessing a transformation with high-density residential projects, set amidst expansive parks and fields, enhancing the overall living experience.

Investing in Etobicoke’s real estate market is a strategic move given the recent population increase after a brief decline. With a current population of 365,143 residents, Etobicoke has become a melting pot of diverse cultures and backgrounds. The average household income of $112,106 reflects a financially stable community, and the unemployment rate of 6.3 percent underscores the area’s economic resilience.

In summary, the thriving business environment, ongoing real estate development, diverse population, and economic stability make Etobicoke an attractive destination for real estate investment.

Average Condo Prices

Pre-Construction Homes:

Price per Square Foot: The average cost for each square foot of a pre-construction home in Etobicoke is $949.

Appreciation Rate: Over the past 10 years, these homes have increased in value by 9.9% annually.

Resale Homes:

Average Resale Price: The current average resale price for homes, including condos, in Etobicoke is around $1,132,733.

Resale Appreciation Rate: Over the past 10 years, the resale value has grown by 15.3% annually.

Rental Properties:

Average Rental Rate: Renting a home in Etobicoke costs, on average, $1,840.

Rental Appreciation Rate: Over the past 10 years, rental rates have increased by 5.7% annually.

Condo Demand: Condos are in high demand, with a low vacancy rate of 1.6%.

New Condos in Etobicoke

The Queensway, Toronto
VIP Sales

joya Condos

Joya Condos is a cutting-edge residential development by Marlin Spring Developments situated at the intersection of Islington Ave and The Queensway in Toronto. MOVE IN Spring 2027 VIP Access From $435,990 - $1,011,990
Construction Status: Pre-Construction Sale Type: Pre-Construction
2027
Etobicoke, Toronto
Public Sales

Kipling Station Condos

Location: 5251 Dundas Street West, Etobicoke, ON, Canada City: Etobicoke Developer: CentreCourt Developments Selling Status: Platinum Access Platinum Access Price: From $501,000 - $975,000
Construction Status: Pre-Construction Sale Type: Pre-Construction
2026
South Etobicoke, Islington-City Centre West

Blvd Q Condos

BLVD. Q Condos is situated in the distinctive and character-rich area of The Queensway and South Etobicoke, offering a unique atmosphere and ambiance.
Construction Status: Pre-Construction Sale Type: Pre-Construction
2026

Transportation and accessibility in Etobicoke

 

Discovering Etobicoke is made effortless with a range of transportation options. Highways, buses, GO trains, and the subway provide a seamless and convenient commute. Key highways such as 27, 401, 407, 427, and the QEW traverse the area, creating an ideal environment for those reliant on automobile transportation.

Despite Toronto’s intricate street layout, Etobicoke offers exceptions with overpasses and intersections like Bloor/Kipling/Dundas West (Six-Points) to navigate planning anomalies. The vicinity around Islington subway station, at Bloor Street and Islington Avenue, has transformed into a vibrant transit-oriented hub. It boasts street-level shops, restaurants, and new high-rise condominium projects.

The Bloor/Danforth subway line concludes in the west end with Kipling Avenue and Dundas Street as its terminal depot. Islington Station serves as a transit nexus for bus routes into Mississauga. Etobicoke is well-serviced by numerous bus routes, and future plans include an LRT line along Finch Avenue connecting to the Yonge-University-Spadina subway line. Additionally, Etobicoke hosts four GO stations: Etobicoke North, Kipling, Long Branch, and Mimico.

Etobicoke’s Accessibility Beyond Transportation

Etobicoke boasts abundant public parks and trails, including James Gardens along the lakeside of the Humber River, featuring a rock garden, walkways, and scenic views. Other notable parks include Colonel Samuel Smith Park, Humber Bay Park, and Centennial Park, offering opportunities for biking, jogging, and leisurely walks.

Looking ahead, the Bloor West corridor anticipates a surge in new condo projects from Highway 427 to the Humber River, leaving a lasting impact. As Etobicoke progresses into the 21st century, embracing the motto “Tradition – Progress,” it continues to be a sought-after residential destination. With a plethora of new condos for sale, now is the opportune time to secure your place before they are sold out.

Why to invest in Etobicoke

Investing in Etobicoke, Toronto, presents a compelling opportunity for several reasons:

  1. Growing Real Estate Market: Etobicoke has experienced significant growth in its real estate market, making it an attractive prospect for investors. The area has seen increased demand for housing, leading to potential appreciation in property values over time.

  2. Proximity to Downtown Toronto: Etobicoke’s strategic location provides residents with close proximity to downtown Toronto. This accessibility is appealing to professionals and individuals who want to enjoy city amenities without being in the immediate hustle and bustle of the downtown core.

  3. Diverse Housing Options: Etobicoke offers a diverse range of housing options, from condominiums and townhouses to detached homes. This variety caters to different preferences and budgets, attracting a broad range of potential tenants or buyers.

  4. Cultural and Recreational Amenities: The area boasts cultural attractions, recreational facilities, and green spaces. Residents can enjoy numerous parks, museums, theaters, and community events, contributing to a vibrant and engaging lifestyle.

  5. Transit Connectivity: Etobicoke is well-connected through public transit, making it easy for residents to commute within the neighborhood and beyond. Efficient transit options contribute to the area’s overall accessibility and appeal.

  6. Educational Institutions: The presence of schools, colleges, and educational institutions adds to the desirability of Etobicoke for families. Proximity to quality education is a significant factor for those with school-aged children.

  7. Economic Opportunities: The area is home to various commercial and business districts, providing employment opportunities. Proximity to job centers and business districts contributes to the economic vitality of the region.

  8. Infrastructure Development: Ongoing and planned infrastructure developments, such as improved transit systems and community facilities, contribute to the long-term value and livability of Etobicoke.

  9. Quality of Life: Etobicoke offers a high quality of life with its combination of urban amenities and suburban tranquility. Residents can enjoy the conveniences of city living while being surrounded by parks and green spaces.

  10. Community Engagement: Etobicoke fosters a sense of community with numerous local events, farmers’ markets, and community initiatives. This community spirit enhances the overall living experience for residents.

In summary, investing in Etobicoke provides a blend of urban convenience, cultural richness, and diverse housing options. The area’s growth, connectivity, and amenities contribute to its appeal as a favorable location for real estate investment.