Residential Property Analysis: Toronto, Ontario Real Estate

This report presents a detailed analysis of residential property in Toronto, Ontario. It begins with a city-wide overview, examining the general locale, economic background, population trends, government policies, and transportation facilities. The analysis then shifts to a neighborhood-level examination, covering boundaries, property location, age and history, land use, emergency services, and the real estate market. The report also delves into population characteristics, economic status, employment sources, and various facilities such as transportation, education, shopping, and places of worship. Key factors like external obsolescence are considered throughout. The report draws upon statistical data, government policies, and market trends to provide a comprehensive understanding of the Toronto real estate landscape. The report concludes with a summary and neighborhood map, offering a complete picture of the residential property environment.

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Residential property: An analysis

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Table of Contents
1.0 Area and city analysis................................................................................................................3
1.1 General locale........................................................................................................................3
1.2 Economic background...........................................................................................................4
1.3 Population trends...................................................................................................................5
1.4 Government and planning policies........................................................................................7
1.5 Transportation facilities.........................................................................................................9
1.6 Real estate summary............................................................................................................10
1.7 External Obsolescence.............................................................................................................13
1.8 Other significant factors......................................................................................................13
1.9 City/Area map......................................................................................................................13
2.0 Neighbourhood Analysis.........................................................................................................14
2.1 Neighbourhood boundaries..................................................................................................14
2.2 Location of the subject property..........................................................................................16
2.3 Age and history of the neighbourhood................................................................................16
2.4 Percentage built-up..............................................................................................................16
2.5 Type and quality improvements..........................................................................................16
2.6 Land use...............................................................................................................................17
2.7 Emergencyservices..............................................................................................................18
2.8 Externalobsolescence...........................................................................................................18
2.9 Real estate market................................................................................................................18
2.10 Population characteristics and trends.................................................................................21
2.11.1 Economic status of typical inhabitants...........................................................................22
2.11.3 Sources of employment..................................................................................................25
2.11.4 Transportation facilities..................................................................................................25

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2.11.5 Educational facilities......................................................................................................26
2.11.6 Shopping facilities..........................................................................................................26
2.11.7 Places of worship............................................................................................................26
2.11.8 Parks and playgrounds....................................................................................................27
2.12 Summaryand conclusion...................................................................................................27
2.13 Neighbourhood map..........................................................................................................27
Reference List................................................................................................................................30

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1.0 Area and city analysis
1.1 General locale
The province with regard to the analysis of the municipality is Ontario. The municipality in this
regard is the City of Toronto. Unlike other municipalities in Ontario that are governed by the
Municipal Act of 2001, the City of Toronto is governed by the City of Toronto Act of 2006. It
governs Toronto, the capital of the Canadian province of Ontario at the local level accordingly. It
is also implied that the governing body for such municipality is the Toronto City Council in
accordance with the rules of the City of Toronto Act of 2006. It is headed by the mayor of
Toronto. The city manager for Toronto City Council is entrusted with the overseeing of the
modus operandi of the local government under the supervision of the mayor and the Toronto
City Council accordingly. The public transport and police in Toronto are also governed by the
Toronto City Council by the virtue of the Toronto Transit Commission and Toronto Police
Service accordingly. It is imperative that the City of Toronto has played an essential role with
reference to the governance of Toronto in an effective manner as far as its status as a major city
driving the economy of Canada is concerned that leads to the desired results accordingly at the
local level of Toronto. The office of the Toronto City Council is located at Queen Street West, a
thoroughfare in Toronto. It is governed by the Legislative Assembly of Ontario. It is observed
that Toronto City Council has helped the City of Toronto to grow and progress in an incredible

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manner as far as the desired outcomes are concerned thereby implying development in various
spheres in an incredible manner and being able to attract people from all over the world.
The city that is closest to the City of Toronto municipality is Mississauga which is at a distance
of twenty eight kilometres. Brampton is at a distance of thirty one kilometres from the City of
Toronto. Waterloo from the City of Toronto is ad a distance of around one hundred and
seventeen kilometres. London is at a distance of one hundred and ninety one kilometres from the
City of Toronto. The Niagara Falls city is located at a distance of one hundred and twenty one
kilometres south of the City of Toronto. The city of Guelph is located at a distance of around
ninety thousand kilometres from the City of Toronto municipality. Ottawa, the capital of Canada
is at a distance of four hundred and forty nine kilometres. As a result, it is deduced that the
municipality is commutable through road and rail accordingly as far as connecting the aforesaid
cities in an effective manner is concerned. It has also been observed that Toronto has played an
extremely important role in developing connections through land with cities not only in Ontario
but also Canada and the United States of America as far as buses and trains are concerned taking
account of the efforts made by the municipality.
1.2 Economic background
The community that needs to be analysed in the local level would be the Toronto Community
Housing Corporation that would help in the drawing of inferences pertaining to the aims and
objective in an effective manner accordingly. It was established in 2002 succeeding the
Metropolitan Toronto Housing Company. Taking account of the present scenario, it is imperative
that the Toronto Community Housing Corporation has played in important role in providing
tenancy to people as per their income in addition to the levels of market rents accordingly
(Agarwal et al. 2018). As a result, it is imperative that the Toronto Community Housing
Corporation has helped in reasonable housing being provided to tenants in a considerable manner
that has led to the attraction of tenants in Toronto to a significant extent as far as the paying of
reasonable rents is concerned.
It is observed that the most notable industry which has had a huge impact on the Toronto
Community Housing Corporation is the manufacturing industry as far as the economic welfare of
the people under the purview of Toronto Community Housing Corporation is concerned thereby
leading to the favourable outcomes in terms of benefits on a long term basis. It has also led to the

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generation of finances to a considerable level as far as the employment opportunities for the
people living in the housing are concerned accordingly (Amar and Teelucksingh, 2015). As a
result, it is imperative that the employers associated with the manufacturing industry have played
the key role for the welfare of Toronto Community Housing Corporation in an effective manner.
In this regard, there has been progress and development for Toronto Community Housing
Corporation to a considerable extent as far as the revenues are concerned with reference to the
profits earned by the manufacturing industry in a considerable manner. It has also led to the
improvement in economic conditions for people as far as the creation of various kinds of
opportunities pertaining to employment is concerned.
The Toronto Community Housing Corporation has off late seen a positive development in terms
of economic aspects in a drastic manner as far as the desired results are concerned accordingly.
In this regard, the trends pertaining to housing markets have depicted a promising growth off late
as far as the economic growth is concerned accordingly. In this matter, there has been an upsurge
in the overall economy of Toronto at the local level that has led to the transformation of real
estate to a certain extent as far as the market conditions are concerned.
In the last one or two decades, it is hereby observed that the Toronto Community Housing
Corporation has improved to a considerable extent as far as the City of Toronto is concerned. It
has led to the development of Toronto as a city to a huge extent as far as the international level is
concerned thereby leading to the beneficial outcomes taking account of the long run. In a
nutshell, Toronto Community Housing Corporation has provided tenancy to a huge level.

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1.3 Population trends

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As far as the trends pertaining to population are concerned, it is observed that there has been in
increase in population of Toronto to a considerable level. The statistical data imply that the
growth pertaining to population off late is quite significant with respect to the demographic
trends accordingly. The main factor with respect to increase in population in Toronto is
immigration along with the influx of people due to infrastructural development in Toronto to a
huge level (Revington and Townsend, 2016). As a result, it is imperative that the increase in
population for Toronto is significant taking account of the statistics in an in-depth manner. It is
also observed that the infrastructural development of Toronto has also led to the attraction of
people to a huge extent along with the opportunities for jobs and education accordingly in
addition to the prevalent trends pertaining to the economic growth in Toronto to a huge level.

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As implied by the statistical data of 2016, children comprise of about 15% of the population. The
youth is of 12% of the population. The people who are employed in some form or the other
comprise of 45% of the population. The people who are about to retire from work permanently
are of 12% as far as the population of Toronto is concerned. 16% of the population of Toronto
comprises of senior citizens. It is also imperative from the latest statistics that the married
population is comparatively lower than the population not married as far as the demographic
trends are concerned (Statistics Canada, 2019). The middle aged population who are engaged in
some kind of employment in a gainful manner comprise most of the population of Toronto.
It is imperative that the health infrastructure for Toronto has also improved to a considerable
level as far as the present trends are concerned accordingly. As a result, it is imperative that the
health has been an important factor in terms of population growth in the recent past in Toronto to
a considerable extent that has led to the infrastructural growth in Toronto to a certain extent as
far as the desired results are concerned with reference to long term benefits accordingly.
Therefore, it can be deduced that the aspect of infrastructure pertaining to health has helped
population growth in Toronto to a considerable level.
1.4 Government and planning policies
The governance for the City of Toronto is carried out by the Toronto City Council as far as the
municipal affirms being controlled and supervised in an effective manner is concerned in terms
of the desired outcomes for Toronto as a city at the local level. The legislation in this regard is
the City of Toronto Act of 2006 which lays down the provisions pertaining to governance in the
manner as desired as far as the welfare of Toronto as a city in an incredible manner is concerned
accordingly. As a result, it is imperative that such a legislation being properly enforced helps in
the effective modus operandi of the Toronto City Council that leads to the beneficial results for
Toronto as a city to a considerable extent accordingly.
The zoning changes are influenced through the amendments to zoning by-laws as far as Toronto
is concerned accordingly. In this regard, an application pertaining to the amendment of a Zoning
By-law which is also termed as rezoning or Minor Variance would help in the execution of
changes in an effective manner as far as the desired results are concerned accordingly. Such an
aspect is prevalent in Toronto as far as development by the virtue of planning is concerned
accordingly. The Zoning By-laws for the City of Toronto can be appealed if the required

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procedure is followed in a proper and appropriate manner. As a result, it is observed that the
zoning changes play a huge rule in the development of the City of Toronto in an effective
manner that leads to the viable results at the local level as far as the benefits in the long run are
concerned taking into consideration the applicability of the Zoning By-laws in an appropriate
manner as far as the amendments are concerned.
The Planning Department of the City of Toronto oversees the affairs related to the issuance of a
Development permit by the following of an appropriate system accordingly. The has been proved
to be effective in nature as far as the improvement in the aspect pertaining to Zoning By-law is
concerned thereby leading to management in an efficient manner with reference to buildings and
related properties. It is facilitated by the Planning Act of 2007. The system pertaining to
Development permit has led to the effective results in terms of Toronto as far as its planning as a
city is concerned (Sriram and Tarasuk, 2016). Therefore, it is hereby inferred that the issuance of
a Development permit would facilitate the ease for the changes which are to be incorporated for
the benefits in the long run accordingly as far as the planning in an effective manner is concerned
taking account of Toronto.
The costs in terms of the applications for the formulation and amendments to Zoning By-laws
imply the fees involved which are to be disbursed so as to imply that the amendment comes into
force. The timeframes in this regard are enshrined and envisaged in the Planning Act of 2007
which are to be considered in an appropriate manner in terms of the execution in the manner as
desired that would help in the effective results as far as the beneficial outcomes are concerned.
With regard, the development permits, the costs imply the application fees that are needed to be
paid for the completion of the formalities along with the following of the applicable timeframes
accordingly. As a result, it is observed that in case of development permits and the Zoning By-
laws, the adherence to the timeframes are essential in addition to the payments regarding
application fees in a proper manner as far as the beneficial results in the long run are concerned
accordingly.
It is imperative that the planning of the City of Toronto in an effective manner has been taken
into consideration. In this regard, the polices at the local level have been analysed accordingly
with regard to the incredibility in terms of the planning and development of Toronto as far as the
beneficial outcomes are concerned (Shier et al., 2016). As a result, the aspects pertaining to

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zoning changes along with the issuance of development permits have also been taken into
consideration thereby leading to the desired results as far as the following of a systematic
approach is concerned accordingly.
1.5 Transportation facilities
The area is accessible in terms of transportation in an incredible manner as it is well connected
by road, rail and air in manner that would facilitate the ease of commuting without any major
hurdles or obstacles. Railways along with highways and public transit are the major forms of
transportation in Toronto. The infrastructure with reference to transportation in Toronto is quite
incredible in nature with respect to the accessibility. In this regard, it is observed that the
economy of Toronto has developed to a considerable level along with population growth due to
proper transportation being facilitated in the manner as purported so (McGregor and Spicer,
2017). It has also led to the generation of revenues in a significant manner as many people in
Toronto avail public transport to a huge extent as far as commuting is concerned accordingly as
far as the appropriate connectivity is concerned that leads to satisfaction as far as the saving of
time and costs are concerned.
The bus service in Toronto is through the regional public transit system known as GO Transit
that helps commuters to get to their destinations in a timely manner without any major issues or
problems accordingly. The terminal is located at the Union Station; the main railway station of
Toronto as far as local bus service is concerned. As far as the trucking services in Toronto are
concerned, they are provided by various tricking companies based in Toronto as far as the
delivery of the goods in a timely manner is concerned to the correct destination thereby leading
to the viable results accordingly. As a result, it is observed that both services related to trucks
and buses in Toronto are incredible in nature as far as the viable results are concerned. Such
services help in the connection of Toronto to other major cities in Canada in an effective manner
as far as road transport is concerned.
There are a number of highways that serve the City of Toronto. The main Highway in this regard
is the King’s Highway 401 which is a bypass for Toronto. It is termed as the busiest highway in
Canada. The western edge of King’s Highway 401 connects with King’s Highway 427 which is a
connecter for the Toronto Pearson International Airport and the Gardiner Expressway. King’s
Highway 409 in that very area which facilitates the traffic of King’s Highway 401 towards the

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airport directly. To the west of King’s Highway 427, Gardiner Expressway assumes as Queen
Elizabeth Way connecting to destinations such as Niagara Falls. These are the major highways
passing through Toronto as far as commuting to the city in a feasible manner through roads is
concerned.
The public transportation system in Toronto is geared towards catering along kinds of people as
far as the analysis of the people with special needs is concerned. The city buses offer services in
terms of wheelchair for people with certain set of disabilities accordingly thereby providing
comprehensive solutions in an incredible manner. Additionally, wheel char taxis have also
gained prevalence on the streets of Toronto to a huge level as far as the desired results are
concerned. The service is known as Wheel-Trans that have been initiated in 1975 by Toronto
Transit Commission. It is hereby observed that people with restricted mobility are catered by
buses and taxis in Toronto in an incredible manner as far as the satisfactory outcomes are
concerned in the interest of rights of such people with respect to human dignity being protected.
As a result, such an initiative undertaken by Toronto Transit Commission is quite incredible in
nature as it has helped various people with restricted mobility in Toront in an incredible manner.
As far as the property valuation is concerned, market conditions for Toronto are favourable with
regard to the availability of public transport in Toronto in an incredible manner. It has led to the
housing prices being increased taking into consideration the aspect of real estate accordingly
with reference to the dwellings as far as the kinds of property are concerned accordingly taking
account of the recent trends in population growth at a considerable level taking into
consideration such information accordingly as far as the highways along with transportation are
concerned. Therefore, it is observed that the property valuation depends on the population along
with the infrastructure available that leads to the outcomes as purported so taking into
consideration the subject property type which is 28 Clementine Road at Toronto accordingly.
1.6 Real estate summary
The market conditions imply economic stability as far as the modus operandi of the businesses is
concerned which implies the generation of revenues and profits to s considerable level
accordingly that implies the effectiveness in terms of financial operations as far as the desired
results are concerned. All kinds of properties, whether commercial, residential, retail or industrial
are of promising values that would lead to the effective results taking into consideration in terms