Caledon

Like many of the suburbs surrounding Toronto it’s the GO train stations, the two
major 400-highways, and other transportation infrastructures are part of what
makes Caledon such an attractive place to live and invest. But what sets this small
city apart is that when these major transportation systems come through Caledon,
they’re bustling through a suburb that still maintains its small town feel and charm.

The current population of Caledon is 59,460, much of which is made up of retired
individuals. The area is expected to see significant growth within the next 25 years
and that growth is already largely being seen, with a 42 per cent increasing in
dwellings in June 2012, according to CMHC.

Accommodations are already being made for this growth, including redevelopment
and renovation projects, but none of them will take away from the agriculture that’s
currently present in the area. It’s that agriculture that has largely contributed to
Caledon’s economy and contrary to taking over this land to make way for new
developments, the authorities within the city have plans to support farmland and
more agri-businesses.

Although small, Caledon is still divided into different neighbourhoods and
communities. The most popular of all of them in Caledon by far is Bolton. This
village is located in a valley and has the Humber River running through it.
Expansion began on both sides of the river during the 1970s and 80s, and it still
continues today.

The average price of a home in Caledon is $483,000, while the average rent is
$1,217, higher than what’s found in many other GTA suburbs. Vacancy rates are
also higher here, at 7.9 per cent, making Caledon a great place for those looking to
break into real estate investment in the GTA.