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10 Best Neighborhoods in Toronto: 2024 Guide

10 Best Neighborhoods in Toronto: 2024 Guide

Whether traveling to Toronto for your next vacation or wanting to move into this city with your family to live for a short term, you need to learn more about Toronto neighborhoods to find the best neighborhoods in Toronto.

Lucky for you, Toronto is a great city for living. You can find entertainment, fun activities, and great schools for your children in this city. So, gather your family and pack your suitcases, the best neighborhoods in Toronto are waiting for you.

Best Neighborhoods in Toronto 

best neighborhoods in Toronto

Depending on your budget and preferences, the following areas are the best neighborhoods to stay in Toronto. 

1- Financial District

Located in the heart of Old Toronto, the Financial District is definitely the most vibrant, and one of the best neighborhoods in Toronto.

The famous Yonge Street that once was the longest street in the world bounds this district from the West. Also, parts of Queen Street W, King Street W, Richmond W, Bay Street, and Adelaide Street W pass through this neighborhood.

best neighborhoods in Toronto

As the name indicates, the Financial District is the beating heart of the businesses in Toronto. Most of the banks, law firms, insurance companies, and other businesses are located in this area. 

However, it’s not all about companies and businesses, the area is still one of the best neighborhoods in Toronto for living. You can find many high-end studio apartments to rent located in the skyscrapers of the area. 

It’s the perfect choice for couples who are traveling to Toronto or searching for a job in this city. The houses are affordable, and the area has great accessibility to other parts of the city. Being close to the train station makes it easy for residents of this area to go to small towns near Toronto. They can easily take a train and get from Toronto to Niagara Falls.

What to Do in the Financial District?  

Although this part of the city is all about business, you can still find some of the best tourist spots and things to do here. Financial District is home to some of the best restaurants in Toronto. So, you can enjoy a delicious meal in the area. If you are a Hockey fan, we strongly recommend you to visit the Hockey Hall of Fame.

Moreover, for those who love shopping, Eaton Center and many other great shopping complexes are located near the Financial District. Also, don’t forget to visit Nathan Philips Square, where many events and festivals are going on.

Where to Stay in the Financial District?

As mentioned, this is one of the most dynamic parts of Toronto. So, there are numerous accommodations, like famous hotel brands in this district. Staying in a 5-star hotel seems like a perfect plan, but it might cost you a fortune, especially when you are going to stay temporarily, say for about a month. But don’t worry; we have an excellent suggestion for you: Short term furnished rentals!

short term rentals Toronto

Staying in a furnished apartment has many advantages. For example, you don’t have to bring any furniture with you, and you will save a lot of money! Here are some of the places that you can stay in the Financial District:

2- The Harbourfront

This area is considered one of the best neighborhoods in Toronto to live in. Why? Because living in this part of the city, you have a magnificent view of Toronto Lake. As you are away from the bustling heart of Toronto, you will experience a pleasant and calm stay.

Also, the Harbourfront is not too far from the city center; you can always reach there with only a 10-minute walk.

Apart from being by the water, you have many other activities to do in this peaceful part of Toronto. Actually, Harbourfront is perfect for sports events and concerts. Also, you don’t have any difficulty with transportation. The Union Station is just around the corner, and you can go anywhere you want from here.

Where to Stay Near the Harbourfront?

Here are some of the Tirbnb condos that you can rent in the Harbourfront:

  • Stylish High Rise Studio – CN Tower View by Lake
  • Modern Lakeview Apartment by Union Street in Toronto
  • Mind-blowing Lake View By CN Tower

3- Yorkville

Want to stay in the most fashionable and luxurious part of the city? Then Yorkville is a perfect choice for you! 

Travelers know Yorkville as a great place for shopping. But for people who live in this area, Yorkville is far from just shopping streets and parks, there are lots of other things to do in Yorkville Toronto, whether for residents or travelers. 

Everything in this area has another quality and of course, is more expensive. You will love to amble around Bloor and Bay Streets and do a little bit shopping. 

One thing that makes Yorkville one of the best neighborhoods in Toronto is its easy access to other popular quarters such as Church and Wellesley or Yonge. 

best area to live in Toronto Yorkville shops and houses

Additionally, Yorkville is one of the safest neighborhoods in Toronto. You can also see luxurious houses on the sides of the streets, with restaurants and cafes that add a lively vibe to their nights. 

Most luxury hotels in Toronto are located in Yorkville, which adds to the safety and also prices of the houses in this area. 

Where to Stay Near Yorkville?

If you want to stay in this luxury neighborhood, you better choose a luxury place too! Our suggestion for you is a Spacious Luxury Apartment in Downtown Yorkville. You will love the view of Toronto from this two-bedroom condo.

4- Queen West

This one is for shopaholics. Vogue once selected Queen West as the second happiest place to live in the world! No wonder it is on the list of the best neighborhoods in Toronto. 

You will find some of the best places to eat, drink, shop, dance, and many more activities in this cool quartier. Also, only by walking through this long street and watching its beautiful buildings, you will feel fresh.

best neighborhoods in Toronto

Where to Stay Near Queen West?

  • Stylish High Rise Studio – CN Tower View by Lake (10-minute drive)
  • Modern Lakeview Apartment by Union Street in Toronto (10-minute drive)
  • Mind-blowing Lake View By CN Tower (10-minute drive)

5- Kensington Market

One of the favorite neighborhoods in Toronto for living is Kensington Market. Make the most of being in this quarter by walking along its colorful streets. 

All the houses are uniquely painted in an eye-catching way. Also, China Town is nearby. You are going to love the coffees, foods, and of course prices in this part of Toronto! 

best neighborhoods in Toronto

The streets of this area have a bohemian style. That’s why Kensington Market is one of the favorite locations for tourists. 

However, you should expect it to be crowded, especially in the high-season when tourists come to this area for shopping or just enjoying their evenings. 

Read More: Room for Rent in Toronto at $300 – Best Options to Choose From

6- Lawrence Park

Another place that is known for its safety is Lawrence Park, a neighborhood in the north of the city with a family-friendly atmosphere. This area is quiet and peaceful, and you can feel being away from the noisy midtown. 

Lawrence Park, an expensive and high end neighborhood in Toronto

However, this peace doesn’t come cheap. Lawrence Park is one of the most expensive areas in the city. The houses are spacious and come in a variety of architectural styles that combine the old and the new. That’s also part of the charm of this area.

The streets are tree-lined, and you can find great schools for your children and recreational facilities to relax yourself and enjoy your life. You don’t need to worry about the traffic, either.  

7- Forest Hill 

Forest Hill has two sides; one is called the north, and the other is the south. Forest Hill North is known for its wealthy and large houses, and Forest Hill South is a quiet and affluent neighborhood. Both sides are among the cool neighborhoods in Toronto.

Greenery and houses on the Forest Hill neighborhood in Toronto

Besides being a peaceful area with high-end houses, Forest Hill is known for its museums. You can find some of the best museums in Toronto in this neighborhood. 

8- Bloor West

One of the best areas to stay in Toronto is the Bloor West Village, which is the smallest neighborhood in this city. However, it doesn’t lack anything. There are lots of cafes, restaurants, and stores on this long street.

best neighborhoods in Toronto for living, houses of Bloor West Village

Furthermore, Bloor West has nice and high-end houses. Watching kids playing in the parks and families enjoying their afternoon will give you a very family-friendly vibe.

If you want to enjoy your time with your family, you can spend the afternoon in High Park, which is one of the best free things to do in Toronto. The park also has a zoo, so your kids can visit animals and learn about their lives.

9- Deer Park

If you want to find the best neighborhood to stay in Toronto with your kids, the Deer Park can be one of the perfect choices. 

Find best neighborhoods in Toronto to live in, the Deer Park houses

Deer Park is between the midtown and downtown Toronto, encircled with greenery, adding a fresh and nice atmosphere to the area. Furthermore, this Toronto neighborhood is mostly known for its luxury condos, which are among the most expensive rentals in Toronto. 

However, being expensive and luxurious have made it a little bit difficult for some families to take care of the expenses. 

Instead of renting expensive condos in Deer Park, you can find wonderful penthouses in downtown Toronto, which come with the same quality, yet are more affordable.

10- The Beaches

Although most residential neighborhoods in Toronto are safe to live in, if you look for the safest neighborhoods in Toronto, The Beach is the perfect place.

Houses of the Beaches neighborhood in Toronto

The Beaches is a beautiful area by the sea, offering stunning views of the lake and great access to the Old Town and Downtown Toronto. Being close to the sea, with sandy beaches, it is the perfect area for summer travelers. 

As one of the best neighborhoods in Toronto, The Beach offers nice outdoor activities, for both children and adults. You can walk by the sea or wander in the parks anytime of the day as it’s a safe place for families.

Bottom Line

If you want to travel to Toronto alone or with your family, and are looking for a good place to stay, you should first learn more about the best neighborhoods in Toronto. You can discover which part of the city is safer for families with kids, and which part is more cost-effective.


Is Toronto a Good City to Raise a Family?

Excellent educational opportunities, a strong healthcare system, and a variety of family-friendly activities and amenities have made Toronto a great place for families. However, to live in this city, you still need to do more research to find the best area to stay in Toronto.

What Is the Most Walkable Area of Toronto?

Many believe that Yorkville is a great neighborhood for walking. It has many shops, restaurants, cafes and galleries that are open until midnight. Therefore, it’s safe and enjoyable to walk down this street, even at night. 

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