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Spotlight on the Junction

Blog by Doriana Zohil-Morton, Broker of Record/Owner | July 13th, 2018

The Junction is a small community in Toronto. It is bordered by St Clair W to the north and Annette St to the south, between Runnymede Rd and the railway lines to the east of Keele St/Dundas St W. It is so named as it is the junction spot for four railway lines in the area. The area was actually an independent city call “West Toronto” up until 1909.

The area as we know it today was a result of those railway lines, which created an area for local businesses to sell their goods locally, as opposed to downtown Toronto. Unfortunately, the prevalence of liquor in the area negatively impacted the Junction workers, and alcohol became banned until 1998 (though the first drink wasn’t even poured until 2001). The Stockyards portion of the Junction (northeast corner) was originally Canada’s largest livestock market, and Ontario’s main meat packing industry, though the closure of both brought about a revitalization with many big-box stores opening up. Commute time to the financial district of downtown is 40 minutes by public transit, or 50 minutes by car.

Real Estate in the area still offers homebuyers some fantastic options. As of May 2018, there were 133 new listings, selling for 106.5% of asking price, within 11 days, and with an average selling price of $1,049,053. Ten years ago the average selling price was $477,080, so real estate in the area proves to be an excellent investment with properties more than doubling in value in 10 years. One bedroom rentals rent for, on average, $1,517 per month.

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