The financial district is considered the financial heart of Canada. However, it did not begin as such. Initially the area was planned to be home to the “New Town” in 1976 as an extension of the Town of York, but was shifted to other neighbourhoods. This did not stop the development of the area as regional banks came and went from the neighbourhood. The establishment of the big five banks did not begin until 1931 with the final bank bringing their headquarters to the neighbourhood until 1975.
The neighbourhood of the financial district is marvelled for its architectural wonders, largely the skyscrapers that tower over the streets. The First Canadian Place is considered the tallest habitable building in Canada, surrounded with other major skyscrapers such as the Scotia Plaza and the Toronto-Dominion Centre.
On an average work day over 200,000 people will make their way through the Financial district of Toronto. Covering the area between Queen Street West, Yonge Street, Front Street and University Avenue, this neighbourhood is home to the Toronto Stock Exchange as well as many banking companies, corporate headquarters, insurance companies, stock brokers as well as legal and accounting firms. This area is dominated by the 9 to 5 professionals.
Considered to be the most densely populated area of Toronto, most people that are within this area are commuters who utilize the 27 km stretch of underground shopping centre that is termed the PATH. Restaurants and boutiques line the underground shopping area that runs throughout the Financial District to Union Station, allowing for pedestrian access to the neighbourhood without ever stepping foot outside.
If you do enjoy a walk at street level, you will see courtyards and laneways throughout these large buildings with local art work displayed. The proximity to Nathan Phillips Square allows for easy access to year-round entertainment, from music and culture events to public skating during the chillier months. Also within this area are the Deign exchange, Canada’s only museum dedicated to design, as well as the Four Season Centre for Performing Arts, offering numerous ballet performances. Coffee shops and restaurants that fit any budget can be found in this neighbourhood, with specific appeal to those working within the neighbourhood.
Residential opportunities tend to appeal to single professionals. Condominiums and private residents within hotels such as the Trump International Hotel and Tower and the Ritz-Carleton offer amenities to suit any lifestyle. Offering doormen, in-suite services, dog walkers and laundry services, these residences are recognized for their elegance, convenience as well as privacy.
Those looking for more of a community atmosphere would be surprised as some of these residences offer events and resources to support the community development within their buildings, helping people get to know their neighbours a little bit more if desired.
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