Area Guide: Toronto’s Financial District
Bordered on the north by Queen Street West, on the east by Yonge Street, on the south by Front Street and on the west by University Avenue, Toronto’s Financial District is ground zero for high-powered legal and accounting firms, headquarters of major Canadian banks, insurance companies and the movers and shakers that give Bay Street its reputation. It is also home to First Canadian Place, Canada’s tallest skyscraper since 1976 and other iconic buildings including the Toronto Dominion Centre owned by Cadillac Fairview, Brookfield Place and Scotia Plaza.
As Canada’s premier economic center and the twelfth most influential financial center in the world, Toronto’s Financial District has a lot to offer from soaring architectural marvels to the PATH, a 29-kilometre subterranean shopping concourse that thrives below the surface of the office towers of Downtown Toronto. It connects to five subway stations, six major hotels, a railway terminal and over 50 buildings and office towers as well as department stores and shopping centers. The PATH is also North America’s largest mall in terms of number of stores with 1200 retail shops, cafés and restaurants, ahead of the West Edmonton Mall, which only has 800.
Other notable attractions of the area include close to 30 publicly accessible works of art and architecture and three museums: Hockey Hall of Fame, the Toronto Dominion Gallery of Inuit Art and Design Exchange. In addition to a number of great cultural attractions, the Financial District also offers plenty of restaurants, bars, shops and other independent retail stores that residents can enjoy in and around the neighborhood. In fact, the area is so wonderfully exclusive and affluent that it has been featured in a number of popular TV shows over time including the American legal drama television series- Suits.
If you are looking to set up residence in Downtown Toronto, the Financial District is an area worthy of consideration with massive condos. The neighborhood also continues to grow with new and exciting condo developments appearing every now and then. The properties here are popular with young families, professionals, wealthy investors and bankers who work on Bay Street or in the immediate vicinity. The Financial District also has access to a number of good schools and is well connected in terms of transport links. Commuting is straightforward with a number of bus routes, streetcar lines and subways servicing the area.