Yorkville is an absolute neighborhood in Toronto. In the 19th century, this elegant area was the cradle of the elite population and then in the 1960s, the borough was Toronto's Bohemian and hippies hotspot. Nowadays, it is renowned for being a posh and eclectic mix of upscale condominium apartment buildings, commercial office towers as well as high-end hotels, theaters, museums, exclusive restaurants and prestigious boutiques. The dynamic but rather quiet district is home to luxury Victorian style mansions with courtyards which now welcome the wealthiest population of Toronto.
Since the Canadian government has voted a tax for foreign investors, it seems that the real estate market in Toronto has been slowing down. However, this phenomenon was wishing as the government had taken measures to limit price hike. There are more houses to sell and their prices are less expensive, which is a nice news for investors. All these elements allow to create a better offer for the real estate market and an price annual growth more moderated.