Artscape Wychwood Barns
by Wikimedia Commons
I could never have imagined, 23 years ago, the growth that has taken place in Hillcrest Village to date. Real estate values have skyrocketed to a level that was unimaginable just a few short years ago. Its residents are fully committed to building a life here, raising their families and opening new businesses contributing to its growth and stability. The community is thriving injected by entrepreneurial spirit, new business development, an explosion of lifestyle living condominiums, a new railway system, dozens of new eateries and arts and community based programs that cement this vibrant community. It is no longer an uphill battle to lure buyers to Hillcrest Village. In fact, it has become the area of choice for many young professionals and families.
If you follow media reports about the faltering economy and unsustainable real estate values, you can’t help but wonder what the future has in store. Contrary to media reports, I am quite optimistic about the strength of your real estate investment in Hillcrest Village, Regal Heights and its surrounding communities. Unlike many established areas of Toronto that have reached a plateau, Hillcrest Village and Regal Heights are enjoying renewed growth. We are currently experiencing unique drivers of growth and positive demographic trends that, I believe, will cushion the level of decline that a possible faltering economy can bring on, if that will in fact happen.
One of the most important drivers of growth are the new condominium developments that have sprouted along St Clair Ave W and Eglinton Ave. Rise, The Forest Hill, The Rushton and the Hill condominium developments are bringing thousands of new residents and visitors to this area who are young, have disposable income and are entrepreneurial and will contribute to its growth. In addition these new housing options are allowing older residents, also with plenty of disposable income, to remain in the area instead of moving to areas that offer this kind of lifestyle living.
Many of you have already heard the building previously housing Arlington Middle School has been purchased by Leo Baeck Jewish Day School. This new state of the art complex will, in September 2012, offer unprecedented facilities to families wishing to provide their children with Jewish education. I couldn’t help but notice the number of Leo Baeck families venturing into our open houses in this area since that announcement. This has opened up the possibility of new families moving to the area that had not considered doing so in the past. In fact a few of our listings were recently purchased by Leo Baeck families.
The recent offering of French Immersion at Humewood Public School has also created a buzz inside and outside the community and has lured many families to the area. The popularity of French Immersion has exploded in recent years as more research reveals the benefits to children of new language learning in the early years. Parents want to take advantage of this offering and are choosing to live in Hillcrest Village, Regal Heights and surrounding communities to take advantage of the French Immersion options.
The new St. Clair Avenue West streetcar will, undoubtedly, enhance the desirability and beauty of Hillcrest Village and Regal Heights. It was developed to expedite traffic which will bring more people to the area, it will encourage more people to walk the streets, it will promote new business development and business improvement as well as beautify its streetscape.
This newly published area magazine, Village Living, the brain child of area residents Andrew Fishman and Iris Zimmer is a community based publication whose primary goal is “ to put our neighbourhoods front and center and tout the amazing assets we have to offer young families and professionals seeking a robust community to live and raise their families” says Fishman. “New families and new residents mean new businesses and services and our goal is to be the fabric that ties them all together”.
With input from local merchants and residents, asking how the neighbourhood can attract new business and what improvements to the streetscape they’d like to see, the Local BIA has taken major steps in hiring a marketing company to lead the rejuvenation and rebranding of St Clair Avenue West.
With all these exciting new projects and attractions coming our way, it is no wonder Hillcrest Village and the surrounding areas have become the area of choice for many young professionals and families who want to live in the heart of the city and enjoy everything it has to offer. We welcome new businesses and new residents into our communities because the best is yet to come.