LIVING ON THE ISLAND

Interested in buying a property on Toronto Islands? You can only lease the land as it belongs to the City of Toronto

Did you know that when a property on Toronto Islands becomes available, it can’t be put on the free market. It’s offered for a fixed price to the first hundred people on a five-hundred-person waiting list. If there are multiple interested buyers, the property goes to the person closest to the top of the list.

If none of the first hundred people are interested, the property is offered to people further down on the list. For obvious reasons, this is very rare.
(Source: torontoist.com)