Toronto Neighbourhoods Coming To MLS

Toronto Neighbourhoods Coming Soon to local MLS®

On July 5th the TREB (Toronto Real Estate Board) will replace the old alpha numeric listings with neighbourhood names. This is great news and the change is long overdue as many cities in Canada had their local MLS® searchable by neighbourhoods for years – one of the best uses of my yearly professional dues. I can personally attest that when discussing properties and when the conversation turned to C02, E06, N10 and W03 I felt that I was turning more bingo caller than realtor.

We all identify with our neighbourhoods. So when we go looking for a home it becomes the first component in our decision making process in choosing a home. I have yet to meet a buyer who says this is the type of home I’m looking for but it doesn’t matter what neighbourhood it’s in. I question I am always asked is, “What is this neighbourhood like?”

There is only one way to get the true feel of a neighbourhood and that is to live in it. However, since you don’t presently live in the area, you can start by frequenting the Toronto neighbouhood of your choice. For buyers that means spending time shopping at the local stores, checking out the restaurants, walking in the park and talking with the locals.

Consider this, Toronto is represented by over 100 neighbourhoods and each one has its own unique variables which impact on their location’s housing prices. Here is a quick snapshot of what I provide my buyers and sellers:

  • local school EQAO scores or offering specialized programs
  • access to local TTC or GO transit
  • neighbourhood demographics including income, cultural diversity, cost of living, etc.
  • community property values illustrated with either rising or falling in comparison to previous years

Best regards,