Buying a Home in North York, Toronto

North York is a northern area in the City of Toronto. Properties for sale in North York are listed through the Toronto Real Estate Board (TREB).

Below is information on property taxes and land transfer taxes for home buyers looking into purchasing a property in North York.

North York (Toronto) Property Taxes

North York is part of the City of Toronto. Residents of the City of Toronto are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up on Toronto property taxes. As of 2017, the estimated property tax residents can expect to pay is 0.66% per year. To see where your property tax payments go see below for an example, assuming a property price of $587,471.

Property Tax Breakdown
City Tax	$2,836	0.48%
Education Tax	$1,052	0.18%
Total Tax	$3,888	0.66%

Breakdown of City Tax Portion
Police Services	$696	25%
TTC	$476	17%
Debt Charges	$349	12%
Fire Services	$292	10%
Shelter & Housing Adminstration	$281	10%
Parks, Forestry & Recreation	$220	8%
Transportation Services	$146	5%
Public Library	$124	4%
Other	$252	9%
Total	$2,836	100%

North York (Toronto) Land Transfer Tax

When purchasing a property in the City of Toronto, you’ll have to pay both Provincial Land Transfer Tax as well as Toronto Municipal Land Transfer Tax, which are both due upon closing. If you’re a first-time home buyer, you’re eligible for a rebate on both the provincial and municipal taxes – a maximum of $4,000 for provincial and $4,475 for municipal. See below for provincial and Toronto municipal land transfer tax rates.

Toronto LTT Rates
Purchase Price	Rate
$0 - $55,000	0.5%
$55,000.01 - $250,000	1.0%
$250,000.01 - $400,000	1.5%
$400,000.01 - $2,000,000	2.0%
$2,000,000+	2.5%

Ontario LTT Rates
Purchase Price	Rate
$0 - $55,000	0.5%
$55,000.01 - $250,000	1.0%
$250,000.01 - $400,000	1.5%
$400,000.01 - $2,000,000	2.0%
$2,000,000+	2.5%

Example calculation for total land transfer tax, assuming a $600,000 purchase price.

Toronto Land Transfer Tax
Purchase Price	Subtract Tax Brackets	Rate	Non 1st Time Buyer Tax Payable	1st Time Buyer Tax Payable
$0 - $55,000	$55,000	0.5%	$275	$0
$55,000 - $250,000	$195,000	1.0%	$1,950	$0
$250,000 - $400,000	$150,000	1.5%	$2,250	$0
$400,000 - $600,000	$200,000	2.0%	$4,000	$4,000

Ontario Land Transfer Tax
Purchase Price	Subtract Tax Brackets	Rate	Non 1st Time Buyer Tax Payable	1st Time Buyer Tax Payable
$0 - $55,000	$55,000	0.5%	$275	$0
$55,000 - $250,000	$195,000	1.0%	$1,950	$0
$250,000 - $400,000	$150,000	1.5%	$2,250	$475
$400,000 - $600,000	$200,000	2.0%	$4,000	$4,000

Total Land Transfer Tax
	Non 1st Time Buyer	1st Time Buyer
Toronto	$8,475	$4,000
Ontario	$8,475	$4,475
Total	$16,950	$8,475

North York Area Guide

North York is an administrative division within Toronto. It is located between Etobicoke, which is to the west, and Scarborough, which is to the east. Many appreciate North York for its close proximity to downtown Toronto, but comparatively lower density.

Living in North York

Demographics

According to the Canadian 2016 Census, there were 691,595 individuals residing in North York. This represents a 3.6% increase from its population in 2011. As with the rest of Toronto, North York is a very diverse region. Immigrants compose 53.3% of North York’s population, with 6.4% being from the Philippines, 5.6% being from China, and 3.8% being from Iran.

Landmarks

One of the most notable areas within North York is the Black Creek Pioneer Village. With over 50,000 artifacts and 40 historic buildings, visitors always leave with a rich understanding of 1860s living. Alternatively, those with green thumbs with appreciate North York’s green spaces including Edward Gardens and Toronto Botanical Garden. These spaces offer beautiful floral sights. Be sure to bring your camera!

Schools

There are two school boards that govern elementary and secondary schools throughout the region. They include the Toronto District School Board and the Toronto Catholic District School Board.

Retail

There are many shopping options located within North York. The most popular option, by far, is the Yorkdale Shopping Centre. With a growing retail mix of over 250 stores, this mall attracts both locals and shoppers from surrounding regions. Other shopping outlets in the area include North York Sheridan Mall, Bayview Village Shopping Centre, and CF Fairview Mall. You won’t be leaving empty handed after visiting these malls!

Parks

North York has many beautiful parks, many of which were formerly private estates donated to the city at the start of the 20th century. Compared to downtown Toronto, these parks are larger and less manicured. Some of the most popular parks include Sunnybrook Park, Downsview Dells, G Ross Lord Park, Windfields Park, and Edward’s Gardens. Many of these parks provide added amenities such as sporting facilities, soccer fields, and cricket pitches.

ports

Being a part of Toronto, residents often support teams such as the Raptors, Maple Leafs, and Blue Jays.

North York Airbnb Regulations

In December 2017, Toronto implemented short-term rental rules to regulate the Airbnb market in the city. The rules prohibited the use of secondary or “non-principle” homes as an Airbnb rental for short term use. The rule was put in effect to help protect Toronto’s ever decreasing vacancy rate. It was enforced on July 1, 2018 and the city of Toronto plans to revisit the effects in 2019.

Fun Facts

Two members of the famous rock band, Rush, grew up in North York’s Willowdale Neighborhood. In 2016, a park called “Lee Lifeson Art Park” was created in this neighborhood to honour these two talented musicians.

North York Infrastructure

Public Transportation

The main forms of transportation in North York are serviced by the Toronto Transit Commission (TTC), Metrolink, and GO Transit. The TTC system operates buses, streetcars, and subways in the city.

Getting to downtown Toronto from North York is quite simple. Residents can take the subway from the Sheppard-Yonge Station and arrive at Union Station within 30 minutes.

Airports

Residents looking to travel by air can visit the Toronto Pearson International Airport (YYZ), which is just a 20 minute drive from North York. Handling over 45 million passengers annually, Pearson is the busiest airport in Canada.

Taxi/Uber

The most popular taxi companies operating within North York include Beck Taxi and CO-OP Cabs. Since taxis are difficult to hail on the go, it is best to book in advance or visit a train station or hotel where they are usually parked waiting for passengers.

An additional option in North York includes Uber or Lyft. Currently, Uber offers a more expansive selection of options including UberX, UberXL, UberSELECT, and UberBLACK.

Highways

The backbone of North York’s road transportation is Highway 401, which runs from Windsor all the way to the Quebec border on the east side of Ontario. Other highways in this region include the Ontario 400 and 404.

Hospitals

The North York General Hospital is the main destination that residents visit to obtain health care services. Affiliated with the University of Toronto, this hospital offers a wide range of acute, ambulatory, and long-term care services. Other hospitals in the area include the Humber River Hospital and Baycrest Hospital.

Real Estate for Sale in North York, Ontario

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