Yonge & Eglinton Condos are located at Toronto’s most sought after intersection for decades. It is in a neighbourhood north of downtown Toronto. The area has been affectionately referred to as “Yonge and Eg,” and it’s sort of a “Downtown North,” complete with a financial centre, vibrant nightlife, and a wealth of high-end shopping and dining options. Alongside an excellent location nestled between Lawrence Park South, Mount Pleasant West, Deer Park and Forest Hill South, Yonge and Eglinton also boasts a hive of local, national, and international chain stores that residents can enjoy. In essence, from antiques to hardware, and from baked goods to designer fashions, the neighbourhood has it all. The neighbourhood has a unique and attractive reputation characterized by the ‘rush’ of downtown but also the ‘calm’ of uptown so that this area is a city within a city and a community that pulsates with life at every corner.
Condo Living in Yonge & Eglinton
The location boasts 65,000 residents, and that number is growing exponentially. The average age of those living here is around forty years old, with seventy-five percent of the population between the ages of twenty-five and sixty-four. According to the most recent census, 72 percent of the population is comprised of families. The community boasts an average income of $147,862, nearly double the average for Toronto as a whole. Yonge and Eglinton largely features condos as its primary housing style, which account for 43% of sales, accompanied by detached houses at 37% and semi-detached houses at 15%.
Although many choose to live among the busy activities of the city’s core, just as many prefer the quieter life and choose scenic apartments, condos, townhouses, or detached homes on the close by side streets for their residence. Yonge & Eglinton also attracts a number of families, primarily because of the excellent schools in the neighbourhood (and some of the best in the GTA). There is St. Monica’s Catholic Elementary, Marshall McLuhan Catholic Secondary, Forest Hill Collegiate Institute, North Toronto Collegiate Institute, and Northern Secondary schools.
Yonge & Eg Condos Neighbhourhood Growth
The Yonge & Eg neighbourhood is one of the fastest growing neighbourhoods in Toronto. Yonge and Eglinton is seeing a surge of office and condo construction. A big part of the appeal of this neighbourhood is its excellent transport links to the neighbouring districts, the downtown core and beyond. Did you know that by 2020, four light rail transit lines will run from Black Creek Drive to Kennedy Station representing an investment of $8.4 billion? The line will intersect the Yonge Line to make Yonge & Eglinton a major transit hub on par with Yonge & Bloor. The impact of this change will be substantial attracting many condo developers and residents to the area. Additionally, the neighbourhood’s offices are undergoing a revitalization, in line with the housing stock.