For anyone that has ever purchased a home in Toronto you would have learned the special designation codes for properties in different areas of the city.
W01 and W02 would be High Park and Bloor West, W08 was mostly the Kingsway, C10 would be Yonge and Eglinton or Bayview and Lawrence and E04 would have you at Victoria Park and Ellesmere.
These codes have been designating areas of Toronto for decades but are about to undergo a drastic change.
Starting July 5th 2011, the old MLS districts will be radically changed with easier to understand community names.
According to the Toronto Real Estate Board, the old 86 alpha-numeric districts that have been a staple for years are arbitrary and out of date. When they were originally drawn up, locations like Vaughn and Markham were predominantly rural areas but have grown into vibrant communities.
Now when new buyers talk to an agent about where they want to live they can specify areas such a Bloor West Village, or Rouge Valley and have the agent set their search preferences more accordingly.
For those that haven’t noticed, every neighborhood in Toronto has a name. Some are popular such as the Beach, Liberty Village, Cabbagetown, Port Credit and then there are lesser known areas that even residents are not aware of their names.
The area I live in has been called Eatonville but according to the city of Toronto website, I live in Islington-City Centre West (try fitting that on an envelope). What will it be called by the Toronto Real Estate Board is anyone’s guess. I asked my neighbors what their area is called and only one person had an answer. Most just said west end.
For some this change will be welcome but for those that have bought and sold and the last decade or so, this will take a bit of getting used to. There has always been a sense of prestige living in some districts such as W01 or W02 (High Park and Bloor West Village) and some shame in living in an area such as W05 (Jane and Finch). Now with this name designation search, people will be able to refer to where they live more by area than a district.
The roll out of the re-districting comes out in the summer months which are historically a slower time for buyers and sellers. It will allow the Toronto Real Estate Board time to work out any technical bugs that may pop up and allow agents to adapt to the new search engine.
No doubt it will be the agents that have worked in the industry for decades that will have the hardest time learning new names and areas that weren’t readily known by anyone.