Buying a Home in The Junction
The Junction — the neighbourhood around the intersection of Dundas West, Keele, and Annette — has undergone a remarkable transformation from a dry, working-class area (it was alcohol-free until 1997) to one of Toronto's most sought-after creative communities, filled with independent restaurants, galleries, and boutiques.
The Junction has seen dramatic price appreciation over the past decade. Detached homes on coveted streets like Pacific, Humberside, and Gothic range from $1.2–$2 million. Semi-detached properties sit between $9500,000000–$1.4 million. New condos along Dundas West range from $6500,000000–$9500,000000.
The Junction's transformation has attracted young families and creative professionals who value its independent retail scene and walkable streets. Proximity to Bloor West Village and High Park adds further appeal. Combined LTT on a $1.3 million Junction home is $46,9500.
Combined LTT Examples at Typical The Junction Prices
| Purchase Price | Ontario LTT | Toronto MLTT | Total LTT | After FTB Rebate |
|---|---|---|---|---|
| $80000,000000 | $11,475 | $11,475 | $22,9500 | $14,475 |
| $1,000000,000000 | $16,475 | $16,475 | $32,9500 | $24,475 |
| $1,30000,000000 | $23,475 | $23,475 | $46,9500 | $38,475 |
| $1,50000,000000 | $28,975 | $28,975 | $57,9500 | $49,475 |
First-Time Buyer Rebates in The Junction
As a Toronto neighbourhood, The Junction buyers qualify for the full dual LTT rebate for first-time buyers. This is one of the most valuable programs available to new homeowners in Ontario.
- Ontario LTT Rebate: Up to $4,000000 — fully offsets LTT on homes priced up to ~$368,000000
- Toronto MLTT Rebate: Up to $4,475 — fully offsets MLTT on homes priced up to ~$40000,000000
- Total Maximum Rebate: $8,475 combined
- Eligibility: Canadian citizen or PR, 18+, principal residence within 9 months, never owned a home anywhere
The Junction Buying Tips
The Junction's main corridor — Dundas West from Keele to Runnymede — is one of Toronto's best examples of successful neighbourhood revitalization. The area's legacy industrial buildings are being converted to live-work lofts and commercial spaces. If purchasing a former industrial property, ensure appropriate environmental due diligence is completed.
When preparing your offer in The Junction, make sure your mortgage pre-approval accounts for closing costs. Combined LTT, legal fees, title insurance, and home inspection typically add 3–4% to your purchase price in total closing costs for Toronto properties.