|
|
 |
 |
|
|
Living Downtown |
|
|
|
Downtown Toronto is the fastest growing part of the City. Learn more about those who are moving into new Downtown housing, their motivations for living Downtown, and whether or not those living in newer housing units are any different from those who live in older Downtown housing.
Access the full copy of the Living Downtown (2.0 mb)  bulletin, released October 2007.
Who lives downtown
- The Downtown population grew by 65 per cent over the last 30 years. Over the last 5 years, the Downtown population grew by 10 per cent as 14 800 new residents moved into the area - the largest 5-year population increase in Downtown over the last 30 years.
- People moving into Downtown housing tend to be young adults under 40 years of age and the majority of households are occupied by either single persons or couples without children. They also tend to be well educated, most are employed full-time within the Downtown area and household incomes among this group tend to be relatively high.
What kind of housing
- High rise buildings represent the majority of new residential developments built Downtown
since 2001, almost one-third of which are 30 storeys or taller.
- Between 2001 and 2006, 17 000 residential units were built and occupied, while another 39 000 units are in the development pipeline.
- Those who are moving into newer housing today are much more likely to own their homes than rent; 76 per cent of those who moved into Downtown units built since 2001 own their units, while only 46 per cent of those in older residences own their units.
Mobility of residents
- Of those who have recently moved Downtown from previous homes in Toronto, 48 per cent moved from other Downtown locations, 33 per cent moved from within 5km of Downtown and 19 per cent moved from other areas within the City.
 |
Click on image to view map of the location of previous residence in Toronto. |
Why people live downtown
- Proximity to work/school, public transit, entertainment, shopping and other aspects of an "urban lifestyle" (the notion of living in an urban setting within close proximity to all aspects of one's daily life) were the top reasons for choosing to live Downtown.
Why people choose their current residence
- The top reasons that emerged related more to the location than to the building itself. Being close to public transit, work, entertainment, and shopping were ranked highest.
Why people intend to move
- The most common reasons include finding a bigger dwelling, moving closer to work, school and public transit, getting a more affordable unit and finding a better building.
 Those living in newer residences expressed an interest in finding a new location with better views in a friendlier neighbourhood while those living in older residences showed more concern for the safety and security of their current location.
|
|
|
