Bay Street Corridor Real Estate and Neighbourhood:
Prior to 1797, Bay Street was known as Bear Street due to frequent sightings of the animal in the city's early history; it changed to Bay due to its connecting of Queen Street West to a bay in Toronto Harbour. It is the centre of Toronto's financial district and has arguably been the centre of the country's financial industry since Montreal's St. James Street ceded the role in the 1970's. The Bay Street Corridor, one of the city's mostly densely populated areas, sits walking distance between many important areas of Toronto including downtown Yonge Street, both Ryerson Univeristy and the University of Toronto, and City Hall use to name a few. Recently, the area has been slowly making its way from a corporate district of office buildings to an area that has a little more space to live and breathe and shop in.
Although there are more people moving in to this area than ever, this is still a predominantly condominium-heavy area. It even sports Canada's tallest condo: Aura, on the north-west corner of Yonge and Gerrard. Many of these buildings have made the choice to incorporate main-level retail options and shopping so people can have the daily necessities such as convenience stores, coffee shops, dry cleaners, and all within a few blocks. Here in the Bay Street Corridor there is a wide scale of options from the smaller bachelor units or maybe an older building that will offer a deal, to the upscale multimillion dollar building such as One St. Thomas. There is no shortage of space as the demand has kept the construction cranes busy and more condos are surely on the way.
The Bay Street Corridor is not the neighbourhood you choose to escape the sounds of the city. There is a pulse that can't be escaped and whether it's the glitz of the Toronto International Film Festival or the Pride Parade festivities, something always seems to be within reach. The hart house theatre is one to Toronto's oldest theatres and such illustrious Canadian stars as Norman Jewison and Donald Sutherland got their start on its stage. In addition to housing the province's government, Queen's Park is a very nice place to go for a park stroll or maybe sit a spell on a park bench. The YMCA at Grosvenor Street has a gymnasium and swimming pool, among the many other classes and facilities that YMCA's are famous for.
The University of Toronto also has a private school in the area and there are a couple junior and senior schools in Church Street and Jesse Ketchum school respectively. As for, shopping, the Bay Street Corridor sits near four of Toronto's shopping hot-spots: the Atrium on Bay, the Eaton Centre, the Manulife Centre and College Park shopping mall. It's all in keeping with the hustle and bustle of the area, Toronto's, and some would say the country's, beating heart of business.