ANX Condos

The Annex, a dynamic locality, currently houses 18,989 residents. With its compact urban setting, the area boasts a population density of 12,589 individuals per square kilometre. This significant concentration reflects The Annex's appeal as a desirable residence place, showcasing the region's potential for continued growth and urban development.

The Annex showcases promising economic indicators, exemplifying its steady growth. The area's median household income stands at $86,251, which is 5% higher than the national average. Impressively, The Annex has an unemployment rate of only 5.2%, marking it 19% lower than the national average. Delving deeper into the earnings of its residents, 11.7% earn $20,000 or less, while 8.3% have incomes ranging between $80,000 and $100,000. Furthermore, 10.7% of individuals in The Annex command a robust earning of $300,000 or more.

In The Annex, the diversity of its residents is evident from its varied ethnic backgrounds. The Chinese community comprises 8.6% of the population, closely followed by the South Asian and Black communities, which constitute 5.2% and 5%, respectively. Furthermore, 2.2% belong to multiple visible minorities, and the Korean community represents 1.7%. Delving into the origins of its immigrant population, the United States stands as the birthplace of 2.9%. China, the United Kingdom, South Korea, and Iran each account for a notable portion, with 2.7%, 1.9%, 1%, and 1%, respectively.

Residing in The Annex certainly carries a distinctive economic implication. When one compares the financial requisites of maintaining a lifestyle in this vibrant neighbourhood to the broader context of Toronto, it becomes evident that The Annex demands a cost of living of approximately 34% higher. This distinction becomes even more pronounced on a national scale. Against the backdrop of the country's average, the cost of sustaining oneself in The Annex exceeds by a notable 50%. Such figures underscore the premium nature of this locality and its unique standing in both the city and national landscapes.