Canada, specifically Toronto, has become a hotspot for global diversity and career opportunities in recent years. Inevitably, millennials are drawn to the GTA for its opportunity, nightlife, and promises for growth. With that said, not every young person has the means to afford some of Toronto’s most sought-out neighbourhoods. Afterall, it is the second most expensive city after Vancouver.
However, if you know where to look, Toronto offers a wide range of affordable housing options for millennials in neighbourhoods each with their own unique characteristics.
Property management company CLV Group has a portfolio of rental buildings in and around the city that appeal to the millennial population, including Stoney Creek Towers in Hamilton, Ontario. For example, the tower is in close proximity to shopping, dining, public transportation and green spaces.
Here are 3 suggestions from CLV Group on the perfect areas around Toronto for millennials to call home.
Ajax
One of the most livable cities in Canada, the suburb of Ajax, is desirable for its relatively affordable rent prices and access to downtown. Ajax is characterized by new families with young children and is an ideal place to live if you are looking for a more laid-back, suburban lifestyle. Many millennials have been trading city life for the suburbs and are choosing Ajax for its economic stability. Commuting into the city is perfect for residents at CLV Group’s professionally managed apartments in Ajax with Highway 401 and the Ajax GO station just minutes away.
Hamilton
Located outside of Toronto on the shores of Lake Ontario is the city of Hamilton. Thanks to its extensive waterfront, lower cost of living and its close proximity to downtown, Hamilton has become an attractive option for millennials looking for a home.
According to the Hamilton community foundation, millennials are the largest generation both in Canada and in Hamilton, representing 25-28% of the city’s population, and outnumbering their parents, the baby boomers. Hamilton has a higher proportion of millennials than Ontario.
CLV Group managed apartments like Stoney Creek Towers in Hamilton are ideally located close to McMaster University and Mohawk College, making them a perfect location for students.
Today, Hamilton has become one of the most economically diverse cities in Canada, offering a greater range of employment opportunities and local amenities. From trendy restaurants, stores, and nightlife, Hamilton has a lively community feel, without the hustle and bustle of living in downtown Toronto.
Mississauga
Another desirable neighbourhood worth considering is located just outside of the activity of Toronto’s downtown core. Mississauga is a perfect spot, especially for young professionals who enjoy taking in the views of the beautiful Lake Ontario shores while living in a beautifully renovated apartment.
Whether you’re taking in the sights, looking for a night on the town or want to take in a sporting event, Mississauga has something for just about any lifestyle.
No matter which Toronto neighbourhood you decide to call home, young adults certainly have plenty of options to choose from in Canada’s hippest city.
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