Community Real Estate Focus – North York
By Andrei Zaretski – New Dream Homes and Condos
Anyone living in the City of Toronto since the Megacity can clearly identify themselves with North York. Originally created as a township in 1922, after separating from the Township of York, North York began as an area of scattered rural villages. However, after the Second World War, the community began to urbanize.
The following two decades saw a boom in development, and the community gained the status of a borough in 1967. As the development continued throughout the 1970s, North York became a popular suburb, finally receiving its official name as the City of North York.
In 1998, the municipalities surrounding Toronto, including North York, were forced to amalgamate, merging into what is now known as the City of Toronto.
Despite being known as a suburb, North York has taken upon itself to urbanize, building office towers and condos, particularly along Yonge Street. With the extension of the TTC subway line east along Sheppard Avenue, further high-rise development has emerged as property value increased in those areas.
North York’s population is now approximated at 650,000 residents.
Particular attention was paid to intensify development in the area surrounding North York Centre on Yonge Street between Finch and Sheppard Avenues. Sitting directly on the subway line and with Highway 401 within minutes away, this particular area has transformed from a suburb to an urban centre resembling downtown Toronto. Companies such as Procter & Gamble, Nestlé Cadbury Adams, Lindt, Equifax and Xerox have all constructed office towers in the area.
New Dreamhomes and Condominiums office is also located in that stretch of Yonge Street.
North York houses a large quantity of shopping centres, community centres, parks and sporting facilities. In addition to number of public and Catholic elementary and secondary schools, it is home to Osgoode Hall Law School and two campuses run by York University.
Fun attractions include the Ontario Science Centre—a science museum with over 800 exhibits, Black Creek Pioneer Village – a historic site recreating life in 19th century Ontario, and the Rexall Centre—a state-of-the-art tennis facility hosting an annual world-class tennis tournament called the Rogers Cup.
Much like the rest of Toronto, North York is one of the most multicultural communities in the world.
The area surrounding Bathurst Street and Steeles Avenue has one of the world’s largest groups of Jewish Holocaust survivors.
Such a vibrant community, we wouldn’t locate our office anywhere else!
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