Foreign Investor – StoryLine by CondoNow https://condonow.com/learn Investor Info, New Launches & Much More Mon, 23 Dec 2019 20:14:51 +0000 en-CA hourly 1 2020 New Toronto Condo Launches to Watch https://condonow.com/learn/2020-new-toronto-condo-launches-to-watch/ https://condonow.com/learn/2020-new-toronto-condo-launches-to-watch/#respond Mon, 23 Dec 2019 20:00:56 +0000 https://condonow.com/learn/?p=2101 It is hard to believe, but another year has come and gone, which means it is time to look ahead to the new year and what 2020 has in store for GTA new construction condos. Prime Condos CentreCourt Developments Inc. and Centrestone Urban Developments IncLocation: Jarvis and Gerrard CentreCourt Developments has joined in on the transformation of one of …

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It is hard to believe, but another year has come and gone, which means it is time to look ahead to the new year and what 2020 has in store for GTA new construction condos.

Prime Condos

Prime Condos

CentreCourt Developments Inc. and Centrestone Urban Developments Inc
Location: Jarvis and Gerrard

CentreCourt Developments has joined in on the transformation of one of the most exciting growth neighbourhoods in the city; The Garden District with Prime Condos. This 45-storey, 579-suite tower will dazzle among the city skyline as architectural firm Page + Steel/IBI Group creates a diamond-patterned masterpiece.
Prime Condos will offer a buzzing podium that will include retail space, 24-hour concierge service, a wrap-around outdoor terrace, and indoor/outdoor amenities. Be a part of downtown’s ‘places to grow’ where redevelopment will bring more transit, more shops and more places to play! 

101 Spadina Condos

101 Spadina Condos

Great Gulf and Devron Developments
Location: Spadina Rd & Adelaide St

Located in Toronto’s trendy Fashion District, 101 Spadina Condos is a 46 storey tower being developed by Great Gulf and Devron Developments. Boasting perfect Transit and Walk Scores, the area is surrounded by streetcar, bus routes, and minutes to the subway. Lifestyle amenities abound along nearby Queen and King Streets. Employment opportunities within the Health Sciences and Financial Districts and nearby educational institutions make 101 Spadina Condos an amazing investment opportunity.

411 King Street Condos

411 King Street Condos

Great Gulf and Terracap Management Inc.
Location: Spadina Ave & King St

Welcome to 411 King Street Condos, a 42 storey, 614-unit building being developed by award-winning Great Gulf and Terracap Management Inc. This condo is located in Toronto’s trendy King West Village, steps from TTC streetcar services and plenty of vibrant dining, shopping, and entertainment options along King Street West. Minutes to the downtown core and major employment hubs such as the Financial District, and post-secondary institutions such as OCAD University, this condo is a great opportunity for real estate investors and end-users alike.

IQ3 Condos

IQ3 Condos

The Remington Group
Location: Islington Ave & The Queensway

IQ3 Condos is the third residential building in The Remington Group’s five-tower master-planned community in Etobicoke, located just southwest of The Queensway and Islington Avenue. The first two towers in this 8-acre project sold out and this 24 storey condo is expected to garner just as much success. The community will offer residents luxurious indoor and outdoor amenities including, a fitness centre and infinity pool. Conveniently located near plenty of lifestyle amenities along the Queensway, major thoroughfares, and steps to TTC bus routes, this area of the city is seeing plenty of new developments and exciting revitalization.

Daniels Keelesdale Condos and Towns

Daniels Keelesdale Condos and Towns

The Daniels Corporation
Location: Keele St & Eglinton Ave W

Being developed on the grounds of the former Humber River Hospital, The Daniels Corporation presents Keelesdale Condos and Towns. Conveniently located on Keele Street just north of Eglinton Avenue West. This area is quickly becoming highly coveted because of the addition of the Eglinton Crosstown LRT being built just minutes away. This 12-acre master-planned community will consist of mid-rise condo buildings and blocks of townhomes surrounded by a new public park with a playground and walking trails. Located steps away from bus routes, lifestyle amenities, green space, Highways 400 and 401, this is one of the most connected neighbourhoods in the city 

NO55 Mercer Condos

NO55 Mercer Condos

CentreCourt Developments Inc.
Location: King St W & Spadina Ave

NO55 Mercer Condos is a 45 storey, 557-unit condo being developed by CentreCourt Developments Inc. located in Toronto’s vibrant Entertainment District. Boasting a perfect Transit Score, residents are mere minutes to streetcar and bus routes. Union Station is also within walking distance offering connections to the subway, GO, and the UP Express. A perfect Walk Score means residents will be steps away from plenty of exciting dining, shopping, and dining options. Nearby attractions include TIFF Lightbox, Rogers Centre, and Scotiabank Arena. Easy access to major downtown employment hubs and post-secondary institutions make NO55 Mercer Condos the perfect place for students and young professionals to call home.

Brightwater Condos

Brightwater Condos

Diamond Corp/Kilmer Group/Fram Building Group/Slokker Real Estate Group/Dream Unlimited
Location: Mississauga Rd S & Lakeshore Rd W

Brightwater Condos is the first phase of the highly anticipated 72-acre master-planned community being developed along prime waterfront property in Port Credit. Ultimately consisting of over 2,500 condo units and 400 townhomes, Brightwater will be a combined project by four real estate developers. Offering over 14-acres of green space, residents will have immediate access to Lake Ontario, the Waterfront Trail, and lush green parks. Brightwater will also bring new services and lifestyle amenities to the community. Commuting is simple with MiWay bus routes steps away, Port Credit GO station nearby, and major thoroughfares easily accessible. Port Credit is considered Mississauga’s Village on the Lake and the main street is a lively area offering seasonal events, boutique shops, local dining options, and services.

Untitled Toronto Condos

Untitled Toronto Condos

Reserve Properties and Westdale Properties
Location: Yonge St & Eglinton Ave E

Music superstar Pharell Williams is teaming up with big-name real estate developers Reserve and Westdale to create a pair of curated condo towers in Toronto’s popular, ever-growing Yonge and Eglinton neighbourhood. The highly anticipated Untitled Toronto Condos will consist of two condos towers, rising 33 and 21 storeys respectively, joined together by a shared podium. A total of 751 condo units will be split between the two buildings. Over 34,000 sqft of indoor and outdoor exclusive amenities will be offered to residents of both buildings. All units will have a balcony to enjoy the city air and units that are built with a den will be large enough to use as a separate bedroom. Residents will be steps away from Eglinton subway station and the Eglinton Crosstown LRT and with a very high Walk Score, plenty of vibrant and exciting lifestyle amenities are within walking distance.

Empire Quay House Condos

Empire Quay House Condos

Empire Communities
Location: Queens Quay E & Richardson St

Empire Quay House Condos is located in the city’s quickly developing East Bayfront neighbourhood. East Bayfront is being developed along Toronto’s waterfront, and with its proximity to the downtown core and immediate access to Lake Ontario, it is sure to be an excellent investment opportunity. Empire Quay House Condos is a 21 storey, 460 unit condo that will offer residents a gym and yoga room, pet-friendly amenities, a rooftop terrace that will offer breathtaking views of the waterfront and much more. The East Bayfront community, when completed will span 55 acres offering over 6,000 residential homes, 3 million square feet of commercial space and over 8,000 new employment opportunities. Plenty of new green park and public spaces along with a waterfront promenade will help make the area more pedestrian-friendly. Residents will be minutes to popular downtown beaches, the harbourfront, plenty of popular lifestyle amenities, major employment hubs, Union Station and transit options. Commuters will be able to easily access the new Ontario Subway Line at the East Harbour station. Post-secondary students will be within walking distance to George Brown College and other downtown educational institutions are easily accessible by transit.

Festival Condos

Menkes Developments Ltd. and Quadreal
Location: Commerce St & Interchange Way

Festival Condos is being developed by Menkes Developments Ltd. and Quadreal and once completed will be one of the country’s largest master-planned communities. Ultimately consisting of 4 condo towers ranging in height from 40 to 59 storeys, townhomes, and over 2,300 residential units. The community will also include a commercial mews and courtyard offering residents pedestrian-friendly areas and retail offerings. Located in the Jane Street and Highway 7 area of Vaughan, this part of the city is seeing plenty of new developments thanks to the expansion of the Yonge-University line to Vaughan Metropolitan Centre. With easy access to the subway and major thoroughfares, Festival Condos is a very connected community and would be a great opportunity for investors and a great option for end-users that are being pushed out of Toronto real estate. 

Are you looking to purchase a condo in 2020? Maybe one of these ten sparked your interest? Find more information on Toronto pre-construction condos for 2020 on CondoNow.

All the best in 2020 from all of us at CondoNow!

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Top Ten New Toronto Condos for 2019 https://condonow.com/learn/top-ten-new-toronto-condos-for-2019/ https://condonow.com/learn/top-ten-new-toronto-condos-for-2019/#respond Mon, 23 Dec 2019 17:09:37 +0000 https://condonow.com/learn/?p=2085 Top 10 new Toronto condo launches for 2019.

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Based on CondoNowScore statistics gathered by the 1.1 million users* that frequented CondoNow over 1.9 million times over the past year, we’ve discovered which developments really stood apart from the rest.

  • The average price of a new condo in the GTA in October was $833,827 
  • Prices for new condos increased by 7.5% over the last 12 months. 

Starting our Countdown at the Number Ten Spot is….

10. Y&S Condos

10. Y&S Condos

Tribute Communities/Ten Block Communities
Occupancy: March 2023 

Conveniently located at Yonge and Eglinton, Y&S Condos stands 35 storeys tall, offering residents larger than average units that are perfect for families. Amenities include fitness areas, study rooms, children’s playroom, and plenty of outdoor space. Boasting extremely high Walk and Transit Scores, residents are close to everything from lifestyle amenities to transit options, including the addition of the new Eglinton Crosstown LRT, which will make commuting across the city even faster.

9. Crosstown Condos

9. Crosstown Condos

Aspen Ridge
Occupancy: November 2023

Taking the #9 spot is the first phase of the master-planned community located at Don Mills Road and Eglinton Avenue East, Crosstown Condos. This project will span 60 acres and will ultimately consist of six residential condo towers, townhomes, a 5-acre community park, and a new community centre. Residents will be treated to plenty of amenities including a games room, outdoor terrace, and pet-friendly areas. Residents will enjoy being minutes away from Sunnybrook Park, the Don Valley Parkway, and the Eglinton Crosstown LRT.

8. Exchange District Condos

8. Exchange District Condos

Camrost Felcorp
Occupancy: November 2023

With the #8 spot on our Top 10 list is Exchange District Condos. This master-planned community is located at Hurontario Street and Burnhamthorpe Road, directly across from Square One Shopping Centre, Ontario’s largest shopping mall. With the first of three towers standing 60 storeys tall, this exciting project is sure to change the Mississauga skyline forever. Exchange District Offers luxurious spa-inspired amenities and amazing views from its rooftop terrace. With extremely high Walk and Transit Scores, residents will have easy access to all of the city’s downtown amenities, post-secondary institutions, MiWay bus routes, GO Transit, and the new Hurontario LRT.

7. Azura Condos

Capital Developments
Occupancy: October 2021

March 2019 marked the launch of Azura Condos, a 32 storey tower located in the Yonge and Finch neighbourhood of Toronto offering stunning south facing views of the city’s downtown skyline and unique amenities such as a golf simulator and kid’s imagination space. A perfect Transit Score allows commuters easy access to Finch station and subway, TTC, GO, and YRT bus services. Yonge Street also offers so many lifestyle amenities, all within a few minutes walk away. 

6. 55C Condos

6. 55C Condos

MOD Developments Inc
Occupancy: Fall 2023

In May 2019 MOD Developments Inc. launched 55C Condos, a 48-Storey tower located in the highly desirable Yonge and Bloor neighbourhood. Equipped with state-of-the-art fitness, yoga, and cycling studios, a fireplace lounge, and a beautifully landscaped terrace, residents will be able to enjoy these and many other luxurious building amenities. Bloor subway station, the city’s ultra-posh Yorkville neighbourhood and its fashionable lifestyle amenities are located within walking distance, all helping to give 55C Condos an almost perfect Walk and Transit Scores.

5.Bijou On Bloor Condos

5. Bijou On Bloor Condos

Plazacorp Urban Residential Communities
Occupancy: May 2022

Breaking into CondoNow’s Top 5 is Bijou on Bloor. Located on Bloor Street just west of Jane Street, this 14 storey condo will treat residents to stunning views of High Park to the east and the Humber River to the west. Bloor West Village offers residents more than 400 boutique shops, independent restaurants and cafes, and entertainment options. Jane subway station is located just steps away, allowing for a quick commute into the downtown core. Building amenities include an indoor pool and steam room, outdoor patio with picnic areas, and a fully-equipped fitness centre.

4. Galleria on the Park

Elad Canada/Freed Developments
Occupancy: Fall 2023

Galleria Mall will soon be revitalized and redeveloped with the addition of this new master-planned community. Galleria on the Park launched in September 2019 to extremely high purchaser interest and turn out. With the addition of 8 residential condo buildings, a new 95,000 square foot community centre which will ultimately be one of the largest in the city, an 8-acre park, and over 300,000 square feet of retail space, residents can truly live, work, and play here. The first phase will offer residents plenty of lifestyle amenities within the neighbourhood and building including, amazing family-friendly options like a video gaming room, movie theatre, swimming pool, and kid’s playroom. Residents will be steps away from TTC bus routes and minutes away from subway and streetcar services, making it extremely easy to commute throughout the city.

3. Mobilio Condos

3. Mobilio Condos

Menkes Developments Ltd./Quadreal
Occupancy:  Spring 2022

Cracking CondoNow’s Top 3 is Mobilio. Vaughan Metropolitan Centre is quickly becoming the new downtown core of the city, boasting a high Walk Score with plenty of lifestyle amenities in the area and this number will continue to improve as the area continues to develop. With the expansion of the Line 1 subway into Vaughan and condo prices quickly becoming unattainable in downtown Toronto for the average person, homebuyers are searching elsewhere for real estate. Mobilio is a master-planned community consisting of three condo towers and almost 400 stacked townhomes offering amazing amenities including a movie theatre, fitness centre, and a kid’s indoor and outdoor play area. The first two condo towers of the Mobilio community quickly sold out. Located just south of VMC subway station, residents will be able to take the subway into Union Station in under 45 minutes and York University students are just a 10-minute ride away from class. Motorists can access Highway 400, 407, or 7 within minutes, allowing for easy travel throughout the GTA.

2.TC4 & TC5 Condos

2. TC4 & TC5 Condos

CentreCourt Developments Inc. 
Occupancy: Fall 2021

The fourth and fifth towers of the massive 10 tower Transit City master-planned community launched in April 2019 with so much interest from buyers that the first release of units sold out immediately. The community will see a 9-acre central park, a YMCA, and a library located at its heart. Located adjacent to Vaughan Metropolitan Centre, residents are literally 0 minutes away from the subway and bus routes. Motorists will also have easy access to major thoroughfares in the area. The area offers a wide variety of lifestyle amenities and the buildings themselves offer fitness options, a games room, a beautiful infinity pool, and many more amenities.

1. The Well Condos

1. The Well Condos

Tridel
Occupancy: Summer 2022

Construction is now underway on the $1.4 billion dollars, 3.1 million square foot mixed-use community located at Spadina Avenue and Front Street. With over 420,000 square feet of open-air retail space, a market hall complete with dining options, a grocery store, new employment opportunities, The Well is the perfect place to live, work, shop, eat, and play. The Fashion District is an extremely popular neighbourhood, boasting a perfect Transit Score with easy access to streetcar, bus, and subway services. With an extremely high Walk Score residents are within walking distance to the city’s best dining, shopping, and entertainment options. The buildings will offer residents luxurious amenities such as a well-equipped fitness centre, outdoor pool, rooftop terrace, pet-friendly areas, and much more. The Well is being developed by highly acclaimed developer Tridel and we have seen absolutely phenomenal interest in this project, making this a once in a lifetime opportunity for both investors and end-users to own in one of the city’s fastest-growing and popular neighbourhoods.

This completes our list for 2019. Did you buy a condo at one of these Top 10?

Generally speaking, condo projects by great developers in a great location are met enthusiastically by investors and end-users alike. If you are looking for a Toronto pre-construction condo for 2020, you can find all of them on CondoNow.

Have a great holiday and best wishes for 2020!

* Stats courtesy of the CondoNow geeks and Google Analytics

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Fall 2019 GTA New Condo and Townhome Launches https://condonow.com/learn/fall-2019-gta-new-condo-and-townhome-launches/ https://condonow.com/learn/fall-2019-gta-new-condo-and-townhome-launches/#respond Fri, 06 Sep 2019 13:33:15 +0000 https://condonow.com/learn/?p=2054 Toronto condo developers and builders have been busy preparing over the summer for the launches of over 50 new condo and townhome launches, coming this Fall 2019.

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Welcome to CondoNow’s New Condos and Townhomes to Watch in Fall of 2019

Toronto condo developers and builders have been busy preparing over the summer for the launches of over 50 new condo and townhome launches, coming this Fall 2019.

For best reference to the latest new condo and townhome developments you should expect to enter the market this fall, we have organized this list of 11 coming soon, and VIP development launches by launch date.

The Well Condos 3

The Well Condos 3 by Tridel, located at Spadina Ave & Front St W, Toronto.

VIP Launch: Aug 26, 2019

Introduced by Tridel in late August, VIP Suite Reservation Deadlines for The Well Condos 3 are due Sept 10. As the Well Condos 3 is the newest launch in Toronto’s most anticipated condo developments coming to The Well Condos. The community will cover 7.8 acres of prime downtown real estate with 420,000 square feet of premium open-air retail and dining offerings.


The King's Mill Condos

The King’s Mill Condos by VANDYK Communities, located at Berry Rd & Stephen Dr, Toronto.

VIP Launch: Sept 7, 2019

Launching early September, The King’s Mill is phase III of Backyard Neighbourhood Condos. The most anticipated phase by VANDYK Group. Located just west of the Humber River the development is set to bring a contextually scaled, intimate ambiance to south Etobicoke.


Galleria on the Park Condos

Galleria on the Park by Elad Canada and Freed Developments, located at Dupont St & Dufferin St, Toronto.

VIP Launch: Sept 10, 2019

Galleria on the Park is predestined to revive the Galleria Mall at Dufferin and Dupont. Developers Freed and Elad are bringing a world-class mixed-use urban development, that includes commercial, office and residential uses, the creation of a larger urban park, and a dynamic new community hub.


36 Zorra Condos

36 Zorra Condos by Altree Developments, located at Kipling Ave & The Queensway, Toronto.

VIP Launch: Sept 10, 2019

36 Zorra Condos has held strong interest for motorists that commute into downtown Toronto regularly. Located just 2 minutes North of the Gardiner Expressway and 5 minutes from Highway 427 and Highway 401, the location of the development is optimal for residents striving for a seamless trip throughout Toronto and the GTA.


11 YV Condos

11 YV Condos by Metropia, Capital Developments and RioCan, located at Yonge St & Yorkville Ave, Toronto.

VIP Launch: Sept 12, 2019

Ideally situated in a highly desirable location of Yorkville, 11 YV Condos’ neighbourhood is of a world-class feel and over the top luxury. With excellent shops, world-renowned brands, bistros, and more, the development will be encompassed with a portion of Toronto’s best living amenities and excitement choices.


250 Lawrence Ave West Condos

250 Lawrence Ave West Condos by Graywood, located at Lawrence Ave & Avenue Rd, Toronto.

VIP Launch: Sept 21, 2019

250 Lawrence Avenue West by Graywood is expected to be an excellent place for young and growing families to call home. As some of the city’s most prestigious schools from public to private will be located nearby. As well as offers residents direct access to TTC bus services, and Lawrence Subway Station.


Exchange District Condos 2

Exchange District Condos 2 by Camrost Felcorp, located at Hurontario St & Burnhamthorpe Rd, Mississauga.

VIP Launch: Late Sept 2019

The Exchange District Condos is a new master-planned community coming soon to the heart of downtown Mississauga. With 2,000 new luxury condo units being built near world-class shopping, excellent transit, and vibrant amenities, The Exchange District Condos will be the next big thing!


Linx Condos

Linx Condos by Tribute Communities and Greybrook, located at Main St & Danforth Ave, Toronto.

VIP Launch: Sept 2019

Linx Condos is the newest preconstruction project that is coming to the Danforth. This 30-storey condo will be home to 301 residential units, along with retail offerings at grade, space for offices, and plenty of indoor and outdoor amenities.


The Forest Hill Condos

The Forest Hill Condos by CentreCourt Developments Inc., located at Bathurst St & Eglinton Ave, Toronto.

VIP Launch: Fall 2019

Just announced right in the heart of Toronto’s Forest Hill neighbourhood, The Forest Hill Condos! Set to stand 14-Storeys high at the corner of Eglinton Ave W & Bathurst St, this ideal address will bring a comfortable and convenient lifestyle to its future residents. Steps from Multiple TTC Transit Stops, while offering a solid mix of urban amenities and natural space, The Forest Hill is where many will want to be. 


The Thornhill Condos

The Thornhill Condos by The Daniels Corporation and Baif Developments, located at Bathurst St & Centre St, Vaughan.

VIP Launch: Fall 2019

Thornhill Condos presents the opportunity for buyers and investors to invest in the rising City of Vaughan’s most coveted neighbourhoods. The development will bundle urban living with 3.5 across four thoughtfully planned residences.


Anx Condos

ANX Condos by Freed Developments, located at Dupont St & Walmer Rd, Toronto.

VIP Launch: Fall 2019

The ANX Condos is a new development that holds much significance to post-secondary students to call home during the school year. Not to mention, the development also proposes a noteworthy retail and business part and over, 84 condo units.


Will you be in the market for a new condo or townhome in Fall of 2019? Keep up on the latest VIP and coming soon condo launches for the Fall on CondoNow.

Fall 2019 New Toronto Condo and Town Launches by City

Whitby New Condo and Townhome Launches

Barrie New Condo and Townhome Launches

Pickering New Condo and Townhome Launches

Hamilton New Condo and Townhome Launches

Richmond Hill New Condo and Townhome Launches

Oakville New Condo and Townhome Launches

Mississauga New Condo and Townhome Launches

Vaughan New Condo and Townhome Launches


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Toronto New Home and Condo Sales are up 123% in April https://condonow.com/learn/toronto-new-home-and-condo-sales-are-up-123-in-april/ https://condonow.com/learn/toronto-new-home-and-condo-sales-are-up-123-in-april/#respond Wed, 29 May 2019 15:12:00 +0000 https://condonow.com/learn/?p=2043 Following last month’s explosion in search and purchase requests from Toronto condo buyers, GTA new home and condo sales are up 123% from April of 2018.  According to Altus, high-rise condo sales are up 137% from April 2018, as well as low-rise sales, up 81%.  Considering, April’s increases in both purchase requests and sales, CondoNow user insights have reported …

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Following last month’s explosion in search and purchase requests from Toronto condo buyers, GTA new home and condo sales are up 123% from April of 2018. 

New Condo Market Rebounds in April 2019

According to Altus, high-rise condo sales are up 137% from April 2018, as well as low-rise sales, up 81%. 

GTA Condo Sales Year in Review April 2018-2019

Considering, April’s increases in both purchase requests and sales, CondoNow user insights have reported a 20% increase in purchase requests in May of 2019 from May of 2018. Could this continued wave in interest indicate another potential sales surge? Let us know what you think.   

*Above Statistics are based on 3+ million users, 100K+ Purchase Requests, 32+ Million Pageviews, and an averages session time of 3:57 minutes.   

CondoNow.com is the easiest way consumers can searchshopcompare and buy a new condo. Choose to work with the top platinum real estate agents or directly with the developer and receive exclusive access to new condo and townhome developments in Toronto. 

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GTA condo purchase requests surge, nearing 2017 levels, are sales poised to rebound? https://condonow.com/learn/gta-condo-purchase-requests-surge-nearing-2017-levels-are-sales-poised-to-rebound/ https://condonow.com/learn/gta-condo-purchase-requests-surge-nearing-2017-levels-are-sales-poised-to-rebound/#respond Mon, 06 May 2019 13:56:59 +0000 https://condonow.com/learn/?p=2030 CondoNow has seen an explosion in search and purchase requests from buyers in the first four months of 2019. The historical average ratio of purchase requests to GTA new condo sales sits at 12%. This year that ratio has climbed by 1100% to an average of 133%. Does this growth in demand forecast a potential sales surge?  …

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CondoNow has seen an explosion in search and purchase requests from buyers in the first four months of 2019. The historical average ratio of purchase requests to GTA new condo sales sits at 12%. This year that ratio has climbed by 1100% to an average of 133%.

Does this growth in demand forecast a potential sales surge

According to Altus, total new home sales for the first quarter of 2019 are down 65% and 27%, compared to 2017 and 2018 respectively.

toronto-condo-market-2019

Considering the start of 2019’s notably slower sales period, recent online trends from buyers in Spring of 2019 has surpassed 2018’s purchase interest levels by almost 30%.  

Increases in purchasing interest from buyers in April of 2019 are comparable to that of October 2018, and May 2017 when sales were 2,805 and 3,766. Does this new wave in traffic and interest indicate a potential surge in sales in the immediate future? Let us know what you think.  

 *Above Statistics are based on 3+ million users, 100K+ Purchase Requests, 32+ Million Pageviews, and an averages session time of 3:57 minutes.  

CondoNow.com is the easiest way consumers can search, shop, compare and buy a new condo. Choose to work with the top platinum real estate agents or directly with the developer and receive exclusive access to new condo and townhome developments in Toronto.

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2019 Toronto New Condo Launches https://condonow.com/learn/2019-toronto-new-condo-launches/ https://condonow.com/learn/2019-toronto-new-condo-launches/#respond Fri, 21 Dec 2018 17:23:45 +0000 https://condonow.com/learn/?p=2015 Welcome to CondoNow’s New Condos to watch for in 2019 It is hard to believe, but another year has come and gone, which means it is time to look ahead to the new year and what 2019 has in store for GTA new construction condos. Prime Condos CentreCourt Developments Inc. and Centrestone Urban Developments Inc Location: …

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Welcome to CondoNow’s New Condos to watch for in 2019

It is hard to believe, but another year has come and gone, which means it is time to look ahead to the new year and what 2019 has in store for GTA new construction condos.

Prime Condos

Prime Condos

CentreCourt Developments Inc. and Centrestone Urban Developments Inc

Location: Jarvis and Gerrard

CentreCourt Developments has joined in on the transformation of one of the most exciting growth neighbourhoods in the city; The Garden District with Prime Condos. This 45-storey, the 579-suite tower will dazzle among the city skyline as architectural firm Page + Steel/IBI Group creates a diamond-patterned masterpiece.

Prime Condos will offer a buzzing podium that will include retail space, 24-hour concierge service, a wrap-around outdoor terrace, and indoor/outdoor amenities. Be a part of downtown’s ‘places to grow’ where redevelopment will bring more transit, more shops and more places to play!

Line 5 Condos 2

Line 5 Condos 2

Reserve Properties and Westdale Properties

Location: Yonge and Eglinton

Toronto’s popular Yonge-Eglinton neighborhood is set to welcome a pair of new condo towers branded as Line 5 Condos. The project is a joint venture between Reserve Properties and Westdale Properties. It is being designed by renowned professionals at Graziani + Corazza Architects, which is widely recognized as one of Canada’s most accomplished design studios. Line 5 Condos is completely sold out but Line 5 Condos 2 launch is highly anticipated. Line 5 Condos 2 will add unique flair and character to this growing sector of the city that is popular with young professionals, and families with children.

The Well Condos

The Well Condos

Tridel/Diamond Corp/Riocan Real Estate Investment Trust/Allied Properties REIT

Location: Spadina and Front

Welcome to The Well Condos, Toronto’s highly anticipated condominium. This tremendous mixed-use and master-planned community is located in the very trendy Fashion District. Bordering Spadina, Front, and Wellington, this community will have a mixture of retail, commercial, condominiums, and rentals. Architectural firm Hariri Pontarini will design the project. Local amenities, retail and office space, and nearby entertainment will definitely make The Well Condos one of the most coveted addresses in the city.

Cru Condos

Cru Condos

Metropia Urban Design/Riocan Real Estate Investment Trust/Capital Developments

Location: Yonge and Yorkville

Located in Toronto’s prestigious Yorkville neighbourhood, which is best known for having high-end shops, fashionista boutiques, exclusive bistros and eateries, and social scenes, offering you world-class style and extravagance. Cru Condos has a perfect Walk Score, implying that anything you need will be within walking distance and with a Transit Score of 95, there is no need for the use of a vehicle. You are just a 2 Minute Walk to the Bloor-Yonge Subway Station, giving you access to several bus routes and Subway Lines 1 and 2, connecting you to all corners of the city. Cru Condos is a mixed-use residential, commercial, and retail project that will offer a rare opportunity to invest in this valuable and highly sought-after corner of Toronto’s real estate market.

Sugar Wharf Condos 3

Sugar Wharf Condos 3

Menkes Developments

Location: Lake Shore Blvd and Freeland

The highly anticipated reconstruction of the LCBO Headquarters on Queens Quay will boast a total of 5 residential towers in the completion of the new community called Sugar Wharf.

Sugar Wharf Condos 3 is being developed by Menkes Development and designed by architectsAlliance. Sugar Wharf Condos 3, named in unison with the Redpath Sugar Factory located across the street and the ever popular; Sugar Beach, is set to be the sweetest addition to Toronto’s Waterfront Communities. Don’t miss out on this once in a lifetime opportunity to live on Lake Ontario, with spectacular views of the city’s waterfront and harbour.

Transit City Condos 4

Transit City Condos 4

CentreCourt Developments Inc.

Location: Portage Pkwy and Millway Ave

Transit City Condos 4 is the fourth phase of this master-planned community. The first towers have already sold out. Transit City Condos 4 is located in The Vaughan Metropolitan Centre; a 442-acre redevelopment that will become Vaughan’s downtown core. Plans include entertainment, retail shops, a hotel, a convention centre, offices and more. Creating a pedestrian-friendly environment is also a priority for the redevelopment, a 9-acre park will be right in the centre. The VMC Subway Station will be located right beside Transit City Condos 4, connecting you to all of Toronto. This is a very exciting addition to Vaughan.

The United BLDG Condos

Azura Condos

Capital Developments

Location: Yonge and Finch

Capital Developments presents Azura Condos, a master-planned community just south of the Finch subway station. Residents of Azura Condos will enjoy living in close proximity to downtown Toronto, but still far enough away from all the hustle and bustle. Families, students, and young professionals will all be attracted to Azura Condos Situated on a leafy cul-de-sac off the main road, Azura Condos is a 29-storey building with 339 suites. Designed by IBI Group, the building will boast stunning exteriors and interiors. All residential suites will feature either a balcony or a terrace for enjoying some outdoor private time. Azura Condos will also offer stunning views of the city. Register today to learn more about this incredible opportunity.

The United BLDG Condos

The United BLDG Condos

Davpart

Location: Dundas and University

The United BLDG Condos is located near some of the city’s busiest employment locations; The Financial District, the Bay Street Corridor and Hospital Row. The United BLDG Condos has a near perfect Walk Score of 99, meaning daily amenities are all within walking distance. With a perfect transit score, The United BLDG Condos location offers world-class transportation with the subway located just a few steps away. Getting around Toronto is stress-free, no matter where you are headed.

Y & S Condos

Y & S Condos

Tribute

Location: Yonge and Eglinton

The location of Y & S Condos ranks among one the city’s most notable transformations and therefore the province of Ontario has designated it an “urban growth hub”. This area has not only become a popular residential centre, but also a transit centre. Y & S Condos; a 36-storey, 288-suite building that will offer amazing indoor and outdoor amenities to its residents, including more spacious suites, perfect for growing families. With Eglinton Subway Station nearby and the Eglinton Crosstown LRT being built, the Yonge-Eglinton neighbourhood is quickly becoming one of the most sought after areas in the city.

River & Fifth Condos

River & Fifth Condos

Broccolini Construction Inc.

Location: Bayview and Dundas

River & Fifth Condos is located near Queen Street East, an area of the city that is lined up with chic restaurants, bars, and boutiques. Residents of River & Fifth Condos will be close to Toronto’s Historic Distillery District and St. Lawrence Market. This area of the city has been designated as a ’regeneration’ area, as the neighbourhood is set for more residential, commercial and retail growth. River & Fifth Condos has prime access to the Don Valley Parkway and 24 Hour bus routes, making travelling around the City of Toronto stress-free. With everything Toronto’s Corktown neighbourhood has to offer, River & Fifth Condos is the perfect place to call home.

Are you looking to purchase a condo in 2019? Maybe one of these ten sparked your interest? Find more information on Toronto pre-construction condos for 2019 on CondoNow.

All the best in 2019 from all of us at CondoNow!

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Top Ten Condos for 2018 https://condonow.com/learn/top-ten-condos-for-2018/ https://condonow.com/learn/top-ten-condos-for-2018/#respond Fri, 21 Dec 2018 17:17:57 +0000 https://condonow.com/learn/?p=2014 Based on CondoNowScore statistics gathered by the 1 million users* that frequented CondoNow over 1.7 million times over the past year, we’ve discovered which developments really stood apart from the rest. Average price of a new condo in the GTA in November was $786,602  Prices for new condos increased 11.9% over the last 12 months.  Starting our …

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Based on CondoNowScore statistics gathered by the 1 million users* that frequented CondoNow over 1.7 million times over the past year, we’ve discovered which developments really stood apart from the rest.

  • Average price of a new condo in the GTA in November was $786,602 
  • Prices for new condos increased 11.9% over the last 12 months. 

Starting our Countdown at the Number Ten Spot is….

357 King West Condos

10. 357 King West Condos

Great Gulf

Occupancy: Early 2022

357 King West Condos is an exquisite 42-storey tower located in the heart of The Entertainment District. 357 King West Condos saw 1715 visitors come to
CondoNow to learn more about this exciting project by Great Gulf. What is it that makes 357 King West Condos so desirable? This tower will feature a 3rd floor amenity space allowing residents access to a yoga studio, fitness room and more. The 42nd floor will have a rooftop terrace, giving way to the amazing views of the downtown Toronto skyline and Lake Ontario. 357 King West Condos also boasts a perfect walk and transit score as residents can benefit from the close proximity of all the neighbourhood’s amenities and having transit right outside the front doors.

 

Artworks Condos

9. Artworks Condos

The Daniels Corporation

Occupancy: Summer 2021

Taking the #9 spot is Artworks Condos. Located in the revitalized Regent Park area of Toronto, this 32-storey tower will reflect the artistic energy of the neighborhood by featuring local artistic works in its gallery-like lobby.  It’s no wonder the building is selling well, as it offers amenities to accommodate everyone in the family from a mega gym and arcade, to an outdoor terrace and working space. With an almost near perfect walk and transit score, this lively neighborhood has everything imaginable and more for residents to enjoy and explore. Artworks Condos is sure to inspire and stimulate.

 

Wonder Condos

8. Wonder Condos

Graywood Developments Ltd. and Alterra Group

Occupancy: October 2022

With the #8 spot on our Top Ten list is Wonder Condos, a 9-storey building located in the heart of Toronto’s Leslieville neighborhood. The building will offer residents large terraces and balconies, along with outdoor and indoor amenity spaces. With Queen Street East within walking distance, residents can enjoy amazing local amenities and world-class transit options. With almost 13,000 visitors to CondoNow to view this project, it is no surprise the building sold out.

 

Empire Phoenix Condos

7. Empire Phoenix Condos

Empire Communities

Occupancy: November 2021

July 2018 marked the launch of Empire Phoenix Condos, a 29-storey tower with some stunning and unobstructed waterfront views. With over 7,600 visitors to CondoNow’s project page, they learned that this tower will boast a grand outdoor pool, a wellness centre, and a rooftop courtyard are just some of the many amenities offered. The area favours the nature-lover in the city, as there is plenty of green-space and lakefront areas to enjoy. It is also close enough to downtown Toronto for commuters and young professionals and with a new GO Train station set to be built nearby, South Etobicoke is definitely the place to call home.

 

Auberge On The Park Condos 2

6. Auberge On The Park Condos 2

Tridel and Rowntree Enterprises

Occupancy: Summer 2022

In October of 2017, Tridel launched Auberge On The Park. It was widely believed that this project coming to the corner of Leslie and Eglinton in Don Mills would be in demand and it certainly was, with many suites selling out on the 1st day. Tridel developments are always in high demand and this has been no exception with the launch of Auberge On The Park Condos 2 back in February. Auberge On The Park Condos 2 will stand 29-storeys tall and will treat residents to amazing views of the surrounding parks and forestry, along with amazing shared amenities including concierge, spin studio, outdoor pool, and lounge area. With the addition of the Eglinton Crosstown LRT being built nearby, residents of Auberge On The Park Condos 2 will have quick and easy access to all corners of Toronto. (Stay tuned for Auberge Condos 3).

 

BIG King Toronto Condos

5. BIG King Toronto Condos

Westbank Corp and Allied Properties REIT

Occupancy: Summer 2023

Breaking into our Top 5 is a mountain! Yes, that’s right, mountains in downtown Toronto! BIG King Toronto Condos is something completely different from the tower and podium style condos that make up the Toronto skyline. Renowned architects Bjarke Ingels Group describe the project as pixelated patterns with peaks. The building will incorporate greenery throughout, making sure every resident a bit of nature to enjoy. This incredible, building has already set the bar for luxury and pricing, while almost selling out of the first two towers. CondoNow saw over 28,000 visitors to the project’s page, spending over 1230 hours exploring everything this amazing and innovative building has to offer.

 

Universal City Condos 2

4. Universal City Condos 2 

Chestnut Hill

Occupancy: December 2021

With tower one completely selling out in just weeks, comes Universal City Condos 2, the highly anticipated second tower developed by Chestnut Hill. With 324 suites within the 27-storeys, residents will enjoy amenities such as a fitness centre, party room, and amazing outdoor spaces. Located in flourishing downtown Pickering, residents will be surrounded by local amenities and transit options. Universal City Condos 2 saw 13,625 visitors to CondoNow’s project page, spending almost 600 hours viewing the amazing details.

 

Valera Condos

3. Valera Condos

ADI Development Group

Occupancy:  February 2021

Breaking into our Top 3 is Valera Condos, a 9-storey building that will be part of a community with townhomes and another building consisting of a 10-storey tower and a 3-storey podium.Residents will be treated to plenty of amenity space, including an outdoor pool and spacious terrace. Valera Condos is located in suburban Burlington, a great escape from the hustle and bustle of downtown Toronto and offers a wide variety of local amenities, schools, and transit. With 26,685 visitors to CondoNow interested in Valera Condos, it is no wonder that the other phases of this community are selling well also.

 

Aqualuna Condos

2. Aqualuna Condos

Tridel

Occupancy: Summer 2023

Aqualuna Condos is located in Toronto’s East Bayfront Community, one of the most desired places to live in the city. The building’s 19-storeys will top out at the ends and dip down lower in the middle, almost resembling a wave, with beautifully landscaped amenity spaces. The neighborhood has achieved Stage 1 LEED ND Gold Certification and also offers community-wide WIFI. This area of the city is thriving with walking and bike lanes, beaches,
businesses, and parks. With its ongoing revitalization and perfect transit score, Aqualuna Condos is sure to become part of one of the most desired places to live in the world.

 

And The #1 Spot Is Awarded To….

Sugar Wharf Condos

1. Sugar Wharf Condos

Menkes Developments Ltd.

Occupancy: February 2022

If you want a condo that has it all, great location, great amenities, easy access to downtown, schools, and greenspace, well Sugar Wharf Condos is the place to call home. Sugar Wharf Condos will be just one of 5 towers being built on the property located at Queens Quay & Freeland. Residents will be connected to Toronto’s underground PATH system, bypassing traffic and reaching Union Station by foot in under 15 minutes. Boasting a perfect transit score, there is no need for a car to reach some of the city’s many amenities along Front Street. Along with the residential buildings being built, the community will see a new public school and day care centre opening on site, amazing news for young families looking to make downtown Toronto home. With Sugar Wharf Condos offering residents everything they need and more, it is no wonder more than 8,700 visitors viewed the project and it was voted #1 on CondoNow’s Top 10 Condos of 2018!

This completes our list for 2018. Did you buy a condo at one of these Top 10?

Generally speaking, condo projects by great developers in a great location are met enthusiastically by investors and end-users alike. If you are looking for a Toronto pre-construction condo for 2019, you can find all of them on CondoNow.

Have a great holiday and best wishes for 2019!

* Stats courtesy of the CondoNow geeks and Google Analytics

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Top 10 Real Estate News Stories From Apr. 16 – 29, 2018 https://condonow.com/learn/top-10-real-estate-news-stories-from-apr-16-29-2018/ https://condonow.com/learn/top-10-real-estate-news-stories-from-apr-16-29-2018/#respond Sun, 29 Apr 2018 03:31:20 +0000 https://condonow.com/learn/?p=1906 Our CondoNow experts have narrowed down the top 10 real estate news stories from April 16 – 29, 2018. The numbers are in and Canada had the biggest Q4 ever, electric car chargers become a condo requirement, and the mortgage rate sees the ‘biggest move in years’. We’ve cultivated a list of the top 10 …

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Our CondoNow experts have narrowed down the top 10 real estate news stories from April 16 – 29, 2018.

The numbers are in and Canada had the biggest Q4 ever, electric car chargers become a condo requirement, and the mortgage rate sees the ‘biggest move in years’. We’ve cultivated a list of the top 10 stories. Here’s the latest news!

Canadian Residential Real Estate Investment Had The Biggest Q4 Ever

For better or worse, real estate is one of the most important drivers of the Canadian economy. Residential structure investment, the amount of capital deployed for building new housing, reached one of the highest ratios against Gross Domestic Product (GDP) ever.
Full Story on BetterDwelling.com

 

 

New Rules Hope to Jolt Condo Boards to Install Electric Car Chargers

New provincial regulations are designed to make it easier for the growing number of condo dwellers to own electric cars by encouraging the installation of charging stations in parking areas.
Full Story on TheStar.com

 

 

 

Toronto-Dominion Bank Lifts Mortgage Rate in ‘biggest move in years,’ RBC Follows Suit

Toronto-Dominion Bank has lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59 per cent as government bond yields touched their highest levels since 2011 this week.
Full Story on FinancialPost.com

 

 

 

With Graduation Season in Full Force, Travellers Turn to Airbnb

Toronto is home to innumerable international students and graduation season is upon us, but hotel room prices in the city are exorbitant. With graduation season in full force, travellers turn to Airbnb.
Full Story on CanadianRealEstateMagazine.ca

 

 

 

B.C.’s Condo-Flipping Crackdown Law Targets Tax Evasion to Keep Down Prices

British Columbia’s government wants to crack down on tax evasion in the condominium market and gives municipalities more control over rental housing as it looks for ways of easing a housing crunch.
Full Story on BNN.ca

 

 

 

US Federal Reserve Indicators Show Canadian Real Estate Buyers Still “Exuberant”

Canadians are still overly enthusiastic about real estate prices. Indicators show buyers actually became more irrational in the prices paid in the fourth quarter of 2017. Analysts from the reserve bank warn prices are still overheated across the country.
Full Story on BetterDwelling.com

 

 

 

Last Resort Lender Keeping Canadian Home Buying Dreams Alive

Alternative lenders are playing a growing role in Canada’s real estate market as the industry searches for new sources of financing, risk-averse banks become more picky and investors look for yield.
Full Story on TheStar.com

 

 

 

Calgary Comes Last in Moneysense Ranking of Best Cities for Real Estate Investment

 

 

 

Are Variable Mortgage Rates Still the Best Choice for Saving on Interest?

Variable rates have long been a favourite option for mortgage nerds. In part, that’s because of a 2001 study showing that Canadian mortgage holders would have been better off almost 90 per cent of the time with a variable rather than fixed rates between 1950 and 2000.
Full Story on GlobalNews.ca

 

 

 

Allied Properties REIT Plans to Spend $1 Billion to Meet Toronto Tech Office Demand

Allied aims to issue 10-year bonds in Canada, likely in the $200 million range, to help fund its The Well project, 1.6 million square feet of office and retail space.
Full Story on FinancialPost.com

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King West Market Report https://condonow.com/learn/king-west-market-report/ https://condonow.com/learn/king-west-market-report/#respond Thu, 22 Mar 2018 14:22:00 +0000 https://condonow.com/learn/?p=1878 Playground Condos by Cityzen is coming to trendy King West very soon and there is already tremendous interest. Expecting some very good pricing and incentives for this launch, we are giving you the very first opportunity to make an informed decision! Why King West? The Technology revolution in Toronto is booming, representing about 1 in …

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Playground Condos by Cityzen is coming to trendy King West very soon and there is already tremendous interest. Expecting some very good pricing and incentives for this launch, we are giving you the very first opportunity to make an informed decision!

Why King West? The Technology revolution in Toronto is booming, representing about 1 in every 7 jobs and 2X the Canadian technology employment growth. King West has been targeted as the place to be for technology-focused companies. Companies like Uber, Twitter, eBay, Paypal, Kijiji and many more are in King West right now!

Global technology employees searching for work and living accommodation see the cost of living in Toronto is cheaper than tech hubs like San Francisco and New York and the quality of life and amenities here are better or equal to those cities. All this makes Toronto the fastest growing tech market in North America!

Canada will welcome nearly one million immigrants over the next three years. This will continue to support demand for developments like Playground Condos and others just like it in King West. For example, two new developments in this neighbourhood are Zen King West by Centrecourt and Kingly by RioCan. Pricing at Zen King West was approximately $850-$950 per square foot, and pricing at Kingly was approximately $900-$1000 per square foot. Kingly is now SOLD OUT and there is limited Sky Suite availability at Zen King West.

In the resale condo market, recent neighbourhood transactions show selling prices in the

  • $700 – $1000 per square foot range.
  • Resale prices increased 57% in the past 5 years (9.44% p.a. compound growth)

Recent lease transactions for condos in this area are as follows:

  • Studio $1600
  • 1 bedroom $1,800 – $2,000
  • 1 bedroom and den $2,100 – $2,300
  • 2 bedroom $2,500 and up, and increasing!
  • Rents have increased over 33% in the past 5 years (6% p.a. compound growth)

Playground Condos is already under construction and will be perfectly located in a prime tech demographic with many employers dedicated to fostering technology growth in Toronto.

  • This makes it a perfect area to buy an investment condo.
  • High Wages, High Rents and a significant growth area.

Register with us for a personalized investment analysis to learn much more about Playground Condos and be among the first to get pricing and floor plans.

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Top 10 Real Estate News Stories From Mar. 5 – 18, 2018 https://condonow.com/learn/top-10-real-estate-news-stories-from-mar-5-18-2018/ https://condonow.com/learn/top-10-real-estate-news-stories-from-mar-5-18-2018/#respond Fri, 16 Mar 2018 21:39:51 +0000 https://condonow.com/learn/?p=1868 Our CondoNow experts have narrowed down the top 10 real estate news stories from Mar. 5 – 18, 2018. From RBC Chief Executive’s stance on foreign cash in the Canadian housing market to B.C. introducing an anonymous ‘Realtor tip line’, to high-end home sales plummeting even as prices nudge up, we’ve cultivated a list of …

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Our CondoNow experts have narrowed down the top 10 real estate news stories from Mar. 5 – 18, 2018.

From RBC Chief Executive’s stance on foreign cash in the Canadian housing market to B.C. introducing an anonymous ‘Realtor tip line’, to high-end home sales plummeting even as prices nudge up, we’ve cultivated a list of the top 10 stories. Here’s the latest news!

RBC Chief Sounds Alarm on Flood of Foreign Cash in Canadian Real Estate

Toronto, Canada’s biggest housing market, has been correcting over the past few months amid a slew of regulations put in place to steady booming prices and increasing debt.
Full Story on Bloomberg.com

End-Users Flooding Condo Market to Detriment of Renters

The new mortgage rules have redirected Toronto’s would-be low-rise home buyers to the condo market…deterring condo investors from purchasing units renters desperately rely on.
Full Story on CanadianRealEstateMagazine.ca

 

 

There’s a riddle at the centre of Toronto’s housing affordability crisis: What is causing huge chunks of the city to lose population at the same time as the overall population is booming? The answer…
Full Story on TheGlobeandMail.com

 

 

Toronto Condo Owner Discovers Unit Listed on Airbnb Behind Her Back — With More Than 70 Reviews

Units rented out without owners’ consent can violate condo, tenant legislation, experts say.
Full Story on CBC.ca

 

 

How Rampant Development and Poor Planning Left Residents of This Etobicoke Neighbourhood Stuck in Traffic

The Etobicoke neighbourhood of Humber Bay Shores has undergone rapid development in the past two decades, but transit infrastructure hasn’t come with it.
Full Story on TheStar.com

 

 

B.C. Sets Up Anonymous Tip Line For Reporting Shady Real Estate Agents

B.C. has created an anonymous tip line so consumers — and fellow agents — can report shady real estate agents to the provincial regulator.
Full Story on CBC.ca

 

 

 

A woman who failed to disclose to the buyer of her house the shooting death of her son-in-law outside the family’s Vancouver home has lost a lawsuit she filed against the purchaser.
Full Story on The GlobeAndMail.com

 

 

Waterloo Region Among Best Real Estate Markets For Investment: Report

The Real Estate Investment Network has ranked the region as the second-best community for real estate investment in Ontario, behind only Ottawa.
Full Story on CTVNews.ca

 

 

 

Investing in Ontario Real Estate? These Cities Are The Best Bets

A new report from independent research think-tank Real Estate Investment Network (REIN) ranked Ontario’s largest metropolitan areas in terms of real estate market performance and suitability for investment over the next 5 years.
Full Story on MortgageBrokerNews.ca

 

 

Luxury Home Sales Plummet 58% in Toronto as High-End Sector Hit Hardest in Slump

But prices did inch up to a cool $4,201,873.
Full Story on FinancialPost.com

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Top 10 Real Estate News Stories From Feb. 5 – 18, 2018 https://condonow.com/learn/top-10-real-estate-news-stories-from-feb-5-18-2018/ https://condonow.com/learn/top-10-real-estate-news-stories-from-feb-5-18-2018/#respond Sat, 17 Feb 2018 23:16:40 +0000 https://condonow.com/learn/?p=1838 Our CondoNow experts have narrowed down the top 10 real estate news stories from Feb 5 – 18, 2018. From new condo sales already setting records for Toronto, to why the Real Estate Board cares where the city council gets its money, to Toronto’s median price decline, we’ve cultivated a list of the top 10 …

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Our CondoNow experts have narrowed down the top 10 real estate news stories from Feb 5 – 18, 2018.

From new condo sales already setting records for Toronto, to why the Real Estate Board cares where the city council gets its money, to Toronto’s median price decline, we’ve cultivated a list of the top 10 stories. Here’s the latest news!

New Condo Sales are Red Hot Across Canada Says Altus Group

The GTA was the hottest market with 36,429 unit sales in the year, setting a new record.
Full Story on CanadianRealEstateMagazine.Ca

In Toronto’s Land War, Condo Builders Are Better Armed

With unrelenting demand and the deep pockets that brings with it, condo builders are consistently winning the contest for scarce building land in Toronto.
Full Story on TheGlobeAndMail.Com

 

 

Toronto Real Estate Gets First Median Price Decline Since 2009

Toronto real estate set a quiet record, that went largely uncelebrated last month. Numbers from the Toronto Real Estate Board (TREB) show that the median price declined. While it’s not an end of time announcement, here’s why you should care about it.
Full Story on BetterDwelling.com

 

 

Why Toronto Real-Estate Agents Are Sounding The Alarm Over The City’s Budget

Why does this real estate board care where city council gets its money? And why should it matter how the market is doing this January? If these are questions you’re asking yourself in light of this recent (and somewhat confusing) complaint, read onwards.
Full Story on Torontoist.com

 

National Home Price index Up, Toronto Reverses Downward Trend

Toronto’s gain was the first in 6 months and was almost entirely down to condos.
Full Story on CanadianRealEstateMagazine.Com

 

 

City to Strategize on How to Stop Toronto From Becoming ‘playground for the rich’

Faced with crisis around affordability of rental housing, staff will develop plan to stop what one Councillor called the “Manhattanization” of Toronto.
Full Story on TheStar.Com

 

 

In a City of Rising Rents, One Man’s Search For an Affordable Place to Call Home in Toronto

Inspired by all the great films he’s seen at TIFF, Huy Do, 27, made his quest into a movie poster, marketing himself as the perfect tenant.
Full Story on TheStar.Com

 

 

Toronto 2018 Budget Keeps Property Tax Down, Drawing Concerns

Toronto’s mayor says this year’s budget is “just right,” but one critic argues failing to hike property taxes above the rate of inflation will make the city less affordable for everyone.
Full Story on CBC.Ca

 

 

Seattle Trails Toronto For Most Cranes, S.F. Has Highest Increase

Seattle has the most cranes in the United States, while Toronto, with 88, has the most cranes in North America.
Full Story on Bisnow.Com

 

Toronto Condo Numbers Set New Records

 Toronto’s condominium market hit another market milestone as the number of proposed apartments in the Greater Toronto Area passed 380,152 units in 2017.
Full Story on TheGobeAndMail.com

 

 

 

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Top 10 Real Estate News Stories From January 1 – 6, 2018 https://condonow.com/learn/top-10-real-estate-news-stories-january-1-6-2018/ https://condonow.com/learn/top-10-real-estate-news-stories-january-1-6-2018/#respond Sat, 06 Jan 2018 23:50:39 +0000 https://condonow.com/learn/?p=1798 It’s a new year and our CondoNow experts are excited for all the real estate market has in-store! We’ve cultivated a list of 10 real estate news stories so far for the month of January to help you stay in the know. From 2018 market predictions to an unexpected inventory surge to where Canada ranks …

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It’s a new year and our CondoNow experts are excited for all the real estate market has in-store!
We’ve cultivated a list of 10 real estate news stories so far for the month of January to help you stay in the know.

From 2018 market predictions to an unexpected inventory surge to where Canada ranks in the global housing market, here’s the latest news:

Stress Test, Foreign Buyers And Higher Rates Likely To Impact Housing Markets In 2018.

New OSFI regulations and requirements for more open data have changed the rules.
Full Story On CBC.Ca

 

Toronto Home Prices Inch Up Despite 172% Dec. Inventory Surge 

Homeowners in Canada’s largest real estate market raced to sell their properties last month ahead of tough new lending rules that took effect at the start of January.
Full Story On BNN.Ca

 

 

Toronto Real Estate Board Blames Government For 18% Drop In Sales

The Canadian Real Estate Association forecast last month that home prices in Ontario will fall by a projected 2.2 percent in 2018.
Full Story On HuffingtonPost.Ca

 

 

Manitoba Credit Unions Not Included In ‘Stress Test’ Mortgage Rules

New rules were rolled out by the federal government Jan. 1 to reign in mortgage debt, but the rules don’t apply to credit unions.
Full Story On GlobalNews.Ca

 

 

Global Housing Markets Are ‘Slowing Sharply’. Is Canada Next? 

A majority of the world’s housing markets are seeing slowing momentum, and Canada could soon be among them.
Full Story On HuffingtonPost.Ca

 

 

Toronto Real Estate Will Get Over 57,000 New Homes in 2018

Toronto real estate is being plagued by a chronic shortage of supply… or is it? Recently we’ve been asked by a number of investors and developers whether they’ll be able to profitably create more supply in the Greater Toronto Area (GTA).
Full Story On Betterdwelling.Com

 

Mortgage Bond Market May Get a Boost From New Canadian Rules

It could make sense for more lenders to package uninsured mortgages into bonds, which over time could become a cheaper and more reliable form of funding.
Full Story On FinancialPost.Com

 

 

Canada’s Luxury Real Estate Hot Spots in 2018

Trends and predictions for six markets across the country.
Full Story On BCBusiness.Ca

 

 

Foreign Buyers ‘Dominate’ High-End House Sales In Vancouver

The most expensive resale condominiums in Metro Vancouver now average $1,800 per square foot.

Full Story On Vancourier.Com

 

Property Buyers Should Be Aware Of Real Estate Lawyers’ Legal Standards

Know what to expect from your lawyer and you can avoid troublesome legal claims.

Full Story On TheStar.Com

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CondoNow Top Ten Condos for 2017 https://condonow.com/learn/condonow-top-ten-condos-2017/ https://condonow.com/learn/condonow-top-ten-condos-2017/#comments Fri, 22 Dec 2017 20:27:40 +0000 https://condonow.com/learn/?p=1781 Welcome to CondoNow’s 2017 Top Ten Countdown decided by you the viewer! 2017 was a year the pre-construction condo market saw some of the hottest launches and sizzling sales resulting in another record-breaking year. According to the Building Industry and Land Development Association (BILD) New Home Sales Report, there were 32,000 condo sales as of …

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Welcome to CondoNow’s 2017 Top Ten Countdown decided by you the viewer! 2017 was a year the pre-construction condo market saw some of the hottest launches and sizzling sales resulting in another record-breaking year. According to the Building Industry and Land Development Association (BILD) New Home Sales Report, there were 32,000 condo sales as of the end of October; already surpassing the current record of 27,000 set in 2016 (an increase of almost 20%!). We’ve compiled a top ten list based on our algorithm, and we’ve discovered which development really stood apart from the rest. Did your purchase make our list of the Top Ten Condo Developments in the GTA?

Starting our Countdown at the Number Ten Spot is….

10. M City Condos

Rogers Real Estate Development Limited
Occupancy: Aug. 2021

Mississauga’s M City Condos is a master-planned community projected to consist of 10 towers. This year, M City 1 and 2 launched with fanfare. M City Condos had our viewers spending a total of 3420 hours (equivalent to 142.5 days) on the project. So what makes M City Condos 1 and 2 so desirable? These two towers will feature Rogers Smart Home Technology as well as two acres of public parkland that adds to Mississauga’s Downtown21 Master Plan City Redesign. This community benefits from the close proximity to SquareOne Shopping Centre, a transit score of 85/100 and schools for all ages.

9. Peter & Adelaide Condos

Graywood Developments Ltd.
Occupancy: Jan. 2022

Taking the #9 spot is Peter & Adelaide Condos. This warehouse inspired design has garnered much attention from those attracted to the rush and excitement of living in downtown’s Entertainment District. Sales for Peter and Adelaide Condos commenced just two months ago and the feedback from investors around the world has been remarkable. This project will rise 47-storeys in height and will consist of 660 suites. It’s no wonder the building is selling quickly because our numbers show that we had 28,000 hits since the project’s launch. The footprint of this project will be an L-shaped building with lots of retail space at ground level, bringing the luxury of everyday necessities to the doorstep of its residents. And did someone say, luxury?! Peter and Adelaide Condos will feature exquisitely designed amenity spaces that include, a fitness studio, co-working space, outdoor yoga space, kitchen, dining room and a breathtaking outdoor rooftop pool.

8. Nobu Residences

Madison Group
Occupancy: Jul. 2022

International hotel chain Nobu Hospitality takes our #8 spot for their first Nobu branded condo located at John and Mercer in downtown Toronto. The architecture will incorporate the Pilkington Glass Factory for the podium, mixed with Toronto history from the late 1800s façade, and a striking modern bronze design. Suites will have top of the line features and finishes to reflect the luxurious lifestyle of its residents. The building will be overflowing with amenities including a fitness centre, and a lovely Zen Garden to relax residents on the outdoor terrace. Nobu has had very successful sales so far and the word is, they are already down to their last few units! Our viewers spent approximately 1,400 hours gushing over all this project has to offer as anticipation builds for its 2022 completion.

7. Lighthouse East Tower Condos

Daniels Corporation
Occupancy: Fall 2019

June 2017 marked the launch of the second tower at Daniel’s Waterfront. Followed by so many for so long, it’s not surprising in the least that CondoNow had just under 14,000 visitors engaging CondoNow to help them understand what this master-planned community is offering. Nearly 2,300 hours reviewing this community vaults Lighthouse East by Daniels our #7. Lighthouse East Tower brings you right to Toronto’s Waterfront as one of the cities most coveted neighbourhoods. Expectations of sales for this tower were set high as phase one of this master-planned development sold out almost immediately. Now, the East Tower is well on its way to selling out as well. The design of this master-planned community takes its inspiration from Lake Ontario and brings breathtaking views of the lake. Daniels’ master-plan includes wonderful residential suites, garden plots, outdoor & indoor amenities, retail space, offices, as well as the community environments, The Yard and Sugar Beach North.

6. Auberge On The Park Condos

Tridel and Rowntree Enterprises
Occupancy: Summer 2022

Just 2 months ago, in October of 2017, Tridel launched Auberge On The Park. It was widely believed that this project coming to the corner of Leslie and Eglinton in Don Mills would be in demand and it certainly was. Tridel developments are always in high demand and this was no exception. With approximately 300 suites for sale at the launch, it was said that there were well over 1,200 intentions to purchase. CondoNow reports approximately 10,000 visitors to our platform spending in excess of 2,600 hours reviewing developmental details for Auberge On The Park by Tridel. (Stay tuned for the second tower launching early 2018).

5. Transit City Condos

Centrecourt Developments
Occupancy: Q1 2020

Early in May of 2017, Centrecourt Developments released Transit City Condos for sale. The tallest residential tower in all of York Region, located on smartcentre’s 100-acre land, this development in the Vaughan Metropolitan Centre was met with extremely high demand. The VMC will become Vaughan’s downtown core with the newly opened VMC Subway Station located right beside Transit City Condos. This is an exciting time for Vaughan as the city continues to grow in a plethora of ways. Condonow reports well over 10,000 visitors spending over 1,400 hours diligently reviewing everything Transit City has to offer.

4. Icona Condos

Gupta Group
Occupancy:  April 2021

In June of 2017, Gupta Group launched the massively successful Icona Condos. With 11,000 visitors spending well over 2300 hours reviewing this master-planned community near the intersection of highways 400 and 7 in Vaughan. Icona Condominiums is steps away from the everyday necessities of shopping and fitness to luxurious nightlife and entertainment. Located in the area is a movie theatre, Vaughan Putting Edge, local clubs, Dave & Buster’s, amazing eateries, and so many more amenities being developed for all ages.  it’s no surprise that this project sold very quickly.

3. Charisma Condos

Greenpark Homes
Occupancy:  October 2020

October 2017 marked the highly awaited sales launch of this two-tower community at the corner of Jane and Rutherford in Vaughan.  With the first tower SOLD OUT in days, and the second tower almost entirely sold, this development’s sales velocity is just another example of what we are witnessing in Vaughan. Charisma Condos stands at close proximity to the newly opened Vaughan Metropolitan Centre, many retail stores, reputable restaurants, marvellous parks and the beautiful Fossil Hill Pond. Highway 400 is just minutes away, making it easy for the Charisma Condo residents to explore the other beauteous areas of the city. 15,000 unique visitors spent over 2,500 hours reviewing Charisma Condos by Greenpark. Charisma Condos ranks a solid #3 in our top ten list.

2. The One

Mizrahi Developments
Occupancy: Spring 2023

Coming to market in October of 2017, this highly anticipated tower to be built at the corner of Yonge and Bloor had well over 22,000 visits to CondoNow. These 416 suites will become the heart and soul of the city. Sitting at a stunning 85 storeys tall, One Bloor St West will transform into a cultural hub bursting with street energy and endless opportunities for you to live, work, and play. Our records show that visitors to The One Condos on CondoNow spent over 3,000 hours reviewing specs, floor plans, pricing and more. Even with pricing starting at 1,200 dollars per square foot the development is now 75% sold and construction is underway. The One will be an icon.

 

And the #1 spot is awarded to….

1. Via Bloor Condos

Tridel
Occupancy: Spring 2021

Created by the largest condominium builder in Toronto, Tridel brings excitement and charisma to the corner of Bloor and Parliament with Via Bloor Condos. Both towers are designed to achieve a LEED® Gold Status, and we can’t forget to mention the fantastic views of the city, Rosedale Valley and the Rosedale Ravine. Launched in January and March of 2017, this tale of two towers was met with a tremendously enthusiastic response from both investors and end-users. Almost entirely SOLD OUT within days, and very much due to location and developer reputation, the launch saw as many as 5 times the number of potential buyers compared to available units. The CondoNow platform had approximately 20,000 visitors that spent over 2500 hours reviewing this development!

 

This completes our list for 2017. Did you buy a condo at one of these Top Ten? Will you be buying a condo in one of the Top Ten for 2018?

Generally speaking, condo projects by great developers in a great location are met enthusiastically by investors and end-users alike. If you are looking for a Toronto pre-construction condo for 2018, you can find all of them here.

Have a great holiday and best wishes for 2018!

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Top 10 Real Estate News Stories From Nov. 2 – 16, 2017 https://condonow.com/learn/top-10-real-estate-news-stories-nov-2-16-2017/ https://condonow.com/learn/top-10-real-estate-news-stories-nov-2-16-2017/#respond Sun, 19 Nov 2017 06:09:24 +0000 https://condonow.com/learn/?p=1764 Our CondoNow experts have narrowed down the top 10 real estate news stories from Nov. 2 – 16 , 2017. From the Parkdale neighbourhood mega-project proposal to Vancouver taking the title of most unaffordable in North America to an increase in immigration over the next 3 years, we’ve cultivated a list of the top 10 …

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Our CondoNow experts have narrowed down the top 10 real estate news stories from Nov. 2 – 16 , 2017.

From the Parkdale neighbourhood mega-project proposal to Vancouver taking the title of most unaffordable in North America to an increase in immigration over the next 3 years, we’ve cultivated a list of the top 10 stories. Here’s the latest news!

DEVELOPMENT UPDATES

 

Is This Corner The Tipping Point For Parkdale?

The neighbourhood has yet to experience gentrification on the scale that a two-tower condo mega-project approved for King and Dufferin will bring.
Full Story On NowToronto.Com

 
Cancellation Of 10-Storey Toronto Condo Tower Throws Buyers Back Into Pricey Market

Call for tighter regulations and more protections for buyers of pre-construction projects.
Full Story On FinancialPost.Com

 

Toronto Future Transit Links Hold Promise Of Substantial Real Estate Investment

…rapid population growth and demand for commercial space will challenge government and private developers’ ability to deliver necessary infrastructure.
Full Story On NewsWire.Ca

 

MONEY MATTERS

 

 

Report Calls Vancouver Most Unaffordable Real Estate Market In North America

The study, released…on Monday, describes Vancouver’s “insane affordability gap” and points out that its unaffordability exceeds that of Manhattan and San Francisco.
Full Story On VancouverSun.Com

 

real estate FAQBoomers, Gen X, Millennials: How Living Costs Compare Then and Now

Today’s 25 to 34 year olds are facing low earnings, larger student debts and higher housing prices.
Full Story On GlobalNews.Ca

 

 

FORECASTS & TRENDS

 

 

Toronto Could Welcome Almost 170,000 Immigrants Over The Next 3 Years – Are We Ready?

Affordable housing, finding stable work challenges for newcomers to Canada.
Full Story On CBC.Ca

Toronto’s Future Condo Market Not Building Enough Bedrooms For Millennial Families

Report suggests millennials, downsizing seniors both after larger units in coming years.
Full Story On CBC.Ca

 

Toronto, Vancouver Housing Markets Move In Drastically Different Directions

Canada’s two most expensive housing markets have moved in different directions over the past year, leaving average national sales with an appearance of relative stability that masks sharp regional differences.
Full Story On GlobeAndMail.Com

 

Commuting Time Is The Key For Young Professionals

Distance to the job is the top factor in where Toronto’s talented young workers choose to live.
Full Story On TheStar.Com

 

 

Canada Home Sales Tick Up For Third Straight Month In October

The Canadian Real Estate Association says the number of homes sold went up 0.9 per cent in October, led by the Toronto region and the Fraser Valley in B.C.
Full Story On TheStar.Com

 

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Top 12 Real Estate News Stories From Oct. 17 – Nov. 1, 2017 https://condonow.com/learn/top-12-real-estate-news-stories-from-oct-17-nov-1-2017/ https://condonow.com/learn/top-12-real-estate-news-stories-from-oct-17-nov-1-2017/#respond Fri, 03 Nov 2017 15:44:11 +0000 https://condonow.com/learn/?p=1726 Our CondoNow experts have narrowed down the top 12 real estate news stories from Oct. 17 – Nov. 1, 2017. From the introduction of Toronto’s first tech-focused neighbourhood to battling Canada’s homebuyers debt to the latest in condominium ownership trends, we’ve cultivated a list of the top 12 stories. Here’s the latest news! DEVELOPMENT UPDATES …

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Our CondoNow experts have narrowed down the top 12 real estate news stories from Oct. 17 – Nov. 1, 2017.

From the introduction of Toronto’s first tech-focused neighbourhood to battling Canada’s homebuyers debt to the latest in condominium ownership trends, we’ve cultivated a list of the top 12 stories. Here’s the latest news!

DEVELOPMENT UPDATES

 

Google Headquarters to Headline Toronto’s Plan For a High-Tech Waterfront Community

Toronto’s eastern waterfront will be home to a brand new high-tech neighbourhood called “Quayside”.
Full Story On GlobalNews.Ca

 

 
The Next Hot Neighbourhoods

There’s hope for non-millionaires who just want a half-decent house in a nice area with good schools. Our GTA-wide ranking of the top 20 places to buy now.
Full Story On TorontoLife.Com

 

Toronto-York Spadina Subway Extension Lures Crowds With Station Sneak Peeks

TTC holds open house at three of the new stations on the long-awaited Toronto-York  Spadina subway.
Full Story On TheStar.com

 

MONEY MATTERS

 

Why The Governor of The Bank Of Canada Worries About Your Debt

Bank of Canada Governor Stephen Poloz says, “While the economy is doing well, the ‘debtors club’ is growing…Mostly from first time home buyers taking on hefty mortgages”.
Full Story On CBC.Ca

 

Purchasing Your First Home Before January 1, 2018 May Immediately Be On Your To-Do List and Here’s Why

According to the Office of the Superintendent of Financial Institution (OSFI), tougher mortgage qualifying rules will take effect as soon as January 2018.
Full Story On CondoNow.Com

 

 

Bank Of Canada Caution on Rates A Mistake As Debt Swells, Dodge Warns

Former bank governor says keeping rates low only encourages Canadians to pile on more debt, putting financial stability at risk.
Full Story On FinancialPost.Com

 

FORECASTS & TRENDS

 

Fist-Time GTA Home Buyers Take To The Skies In Condos

Condominiums house more than 20% of Torontonians and 13% of Canadians, according to the latest census.
Full Story On TheStar.Ca

 

This Has Happened to GTA Condos For The First Time Since 2015

The unsold inventory of new condo units in the Greater Toronto Area has increased for the first time since the end of 2015.
Full Story On Repmag.Ca

 

 

Pre-Sales Of New Low-Rises In Toronto Take Steep Dive

Preconstruction sales of new low-rise homes fell 73 per cent in the Toronto area in September compared with a year earlier.
Full Story On TheGlobeAndMail.Com

 

 

Toronto, Vancouver Monthly Home Sales Up

Canada’s two hottest housing markets experienced above average home sales last month, according to local real estate board figures.
Full Story On InsideToronto.Com

 

 

Canada To Welcome Nearly One Million New Immigrants Through 2020

Nearly one million new immigrants will settle in Canada between 2018 and 2020, under what the immigration minister has labeled, “the most ambitious immigration levels in recent Canadian history”.
Full Story On CicNews.Com

 

One Last Gasp For The Canadian Residential Market As Rule Changes Cloud 2018 Outlook

Realtors are predicting a busy Christmas selling season as homebuyers rush to beat the latest deadline to further cool the market.
Full Story On FinancialPost.Com

 

 

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Vaughan’s Glorious Downtown: Vaughan Metropolitan Centre https://condonow.com/learn/downtown-vaughan-vmc/ https://condonow.com/learn/downtown-vaughan-vmc/#respond Sat, 17 Jun 2017 19:00:45 +0000 https://condonow.com/learn/?p=1607 The Future Vaughan Metropolitan Centre It’s as if every time you blink something new is being built in the Vaughan Metropolitan Centre (VMC). Vaughan’s Hwy 7 just East of Hwy 400 is changing daily and the future holds very big and tall plans. The area currently looks like this: But thanks to years of planning, …

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VMC and Central Park

The Future Vaughan Metropolitan Centre

It’s as if every time you blink something new is being built in the Vaughan Metropolitan Centre (VMC). Vaughan’s Hwy 7 just East of Hwy 400 is changing daily and the future holds very big and tall plans. The area currently looks like this:

Vaughan Overview

But thanks to years of planning, it’s going to look like this:

VMC Overview

Wonderland’s Leviathan and Behemoth won’t be the only things defining Vaughan’s skyline anymore. 442 acres of land is being redeveloped, that’s approximately 300 football fields! They’re creating a downtown core that Vaughan has never seen before set with tons of skyscrapers. This plan transforms the current sub-urban area into an urban hub for transit, entertainment, and much more.

The Vaughan Metropolitan Centre is projected to have a population of 25,000 with 12,000 homes and 11,500 employment opportunities. Because of the transit options and offices in the area, Vaughan’s expecting that over 20,000 commuters daily will be making their way through VMC’s transportation hub.

The core principles for the City of Vaughan’s new downtown is:

  • Transit Oriented
  • Walkable
  • Accessible
  • Diverse
  • Vibrant
  • Green
  • Beautiful

Central Park Rendering by Claude Cormier + associes
Central Park Rendering by Claude Cormier + associes

These principles will create a community that people will want to be a part of as well as a wonderful place to live. The goal is to create a destination where people want to go to enjoy, to relax, to explore, and to have fun in the heart of Vaughan.

There has been incredible success for the condos that have launched! Transit City Condos sold out its first two towers in under two weeks. Other condos in the area have already began occupancy. You can view the full list of VMC condos HERE

Vaughan’s Transportation Hub

No longer will it be a mission getting around the GTA for those living north of Toronto! Being transit oriented is one of Vaughan’s focus principle for VMC and all the plans lead to them achieving just that. Living in the VMC will bring endless transit options within walking distance. The TTC VMC Subway Station, VMC Inter-Regional Bus Terminal, and Vivanext Bus Rapid Transit Station all are opening soon.

VMC Transit Map
VMC Transit Map. Image via myvmc

S – The VMC Subway station. Reliable and simple, the VMC TTC provides a 7 minute commute to York University and 45 minutes to Union Station. Part of TTC’s $3.2 billion project, the Toronto-York Spadina Subway Extension is a huge benefit to everyone in Vaughan and nearby whom will finally have a simple connection all over Toronto.

A – SmartCentres Bus Terminal 3 vivastations. This is a $32.1 million creation designed by Diamond Schmitt Architects that will bridge the gap between viva stations around York Region to Toronto’s transit.

B – Rapid Transit Stations. Vivanext is bringing uninterrupted faster travel times all over York Region

If public transit isn’t your style then Hwy 7, Hwy 400, and Hwy 407 are all nearby.

VMC Bus Station and VMC TTC Subway Station
VMC Bus Station and VMC TTC Subway Station

Urban Planning

Vaughan’s Downtown Core VMC

If you expected a nice quaint suburban downtown core you’d be mistaken. Vaughan is giving it its all and creating a dynamic space with downtown Toronto flare. Welcome to Vaughan’s main destination. You’ll be able to spend all day walking down the promenade, enjoying central park, and trying new flavours at restaurants like BUCA. There’ll be something at every corner with office spaces, hotels, convention centres, restaurants, cafes, and retail.

Downtown Vaughan
Downtown VMC via myvmc

Streets

Vaughan wants to promote a pedestrian and bike friendly environment in the VMC area. Retail is highly encouraged at ground level to create an exciting and vibrant environment. Pedestrian paths are to be spacious and highly visible from the beginning of the path to the end which is perfect for safety.

VMC Street network
Street Framework. image via Vaughan Urban Guidelines Plan

Inspiring art pieces will be throughout the VMC and all the details from the grass to the types of trees are important in creating a vibrant downtown. One thing that is evident is that Vaughan wants the VMC to be interactive and make people feel welcomed.

Parks, Trails, and Open Spaces

Perhaps the most beautiful features will be the parks. A future 9-acre park formally named Central Park will spread across many blocks and become a gorgeous centerpiece to the community. This is a perfect area for families, workers on their lunch break, and those just looking for a fresh view.

VMC is filled with parks that will have activities year round to really contribute to the community.

Central Park
Rendering Claude Cormier + associés

Everything from a sky fountain for pond boating to retail forecourt and even a skating rink is being proposed. Claude Cormier + associes have envisioned the Landscape Architecture and Urban Design.

Central Park Details
Central Park Details by Claude Cormier +associés

There are many parks in the VMC that will be able to break up the cluster of condo buildings and bring a calm and relaxing atmosphere. Edgeley Pond & Park and the Black Creek Corridor are current areas being reevaluated in order to improve the landscape to become a social space. They’re adding new trees and vegetation to help the area flourish as well as creating pedestrian paths and bike lanes for everyone to enjoy the parks.

VMC’s Exciting Surroundings

Places don’t get a downtown core such as this unless the community is already booming, and it is! In an attractive location near Hwy 400 and Hwy 407, Vaughan is north enough to easily find rolling hills and farm lands nearby but south enough for ideal commuting into Toronto and exciting entertainment. It’s the perfect balance.

The beloved Canada’s Wonderland and the fabulous Vaughan Mills are a short drive / transit ride north, plus there’s the McMichael Canadian Art Collection, LEGOLAND Discovery Centre, and Black Creek Pioneer Village all in York Region.

Behemoth at Canada's Wonderland
Behemoth. Image via Canada’s Wonderland

Living in the VMC will bring you steps away from the everyday necessities of shopping and fitness to luxurious nightlife and entertainment. Located in the area is a movie theatre, Reptilia, Vaughan Putting Edge, local clubs, Dave & Buster’s, amazing eateries, and so many more amenities being developed for all ages.

Vaughan Metro Centre’s future plans even hope to welcome a post-secondary school institution in the area.

Vaughan Condos

With an estimated 12,000 homes, there are going to be a lot of condos announcing their launches in the near future. Based on a 2011 Census, The average household income in Vaughan was $113,988. So far we have seen the success of Transit City, Expo City and many more incredible communities. View the full list here and right when we know of more developments we’ll add them right away on our platform!

Development Guidelines

With so many expected towers being added to the area, guidelines are a must to achieve their desired aesthetic. Condo developers need to consider neighbourhood style, tower tops, pedestrians, transit, retail, consistent street walls, weather protection, public art, aesthetic, and shared outdoor open spaces. And if it doesnt, well then Vaughan will send them right back to the drawing board. Previous plans had the tallest towers located within a block from the VMC Bus & Subway Stations reaching a maximum height of 30 storeys but that has increased! Transit City at 55 storeys will be York Region’s tallest residential tower.

Each street is also under a specific style guide. Hwy 7 is being dubbed “Avenue 7: the central spine of VMC – green street”. This location is the main road where the majority of people will be entering VMC so it needs to be grand and majorly impressive. Millway Avenue will be the “cultural and social spine – premium street”. Millway should inspire people with intricate art work and beautiful design all around. Central Park will define its surrounding condos. The focus is on promoting an easily accessible area for pedestrians.

Vaughan is encouraging developers to reach the highest green building standards just as they will with their civic buildings.

So future downtown Vaughan, we are excited for the condo opportunities and can’t wait to hang out!

Information derived from Vaughan Metropolitan Centre Urban Design Guidelines and Vaughan Metropolitan Centre Secondary Plan

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In with the New – Spring 2017 Launches https://condonow.com/learn/spring-2017-gta-condos/ https://condonow.com/learn/spring-2017-gta-condos/#respond Sat, 25 Mar 2017 15:08:10 +0000 http://condonowblog.wpengine.com/?p=1265 There are well over 30 GTA Pre-Construction Condos & Townhomes launching and it’s that spring cleaning “out with the old in with the new” mentality that makes Spring Launches highly desirable and so successful. Here are developments from all over Toronto & the GTA that you’re going to want to keep a close eye on. …

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Toronto Lake Shore

There are well over 30 GTA Pre-Construction Condos & Townhomes launching and it’s that spring cleaning “out with the old in with the new” mentality that makes Spring Launches highly desirable and so successful.

Here are developments from all over Toronto & the GTA that you’re going to want to keep a close eye on.

View the projects on CondoNow and Register & Follow to receive updated notifications about the Launch Dates, Floorplans & Pricing, and much more!

Daniels Waterfront Condos Lighthouse East Tower by The Daniels Corporation 

Queens Quay & Lower Jarvis St, Toronto

Here’s another exciting addition to Daniels Waterfront –City of the Arts. Perfect for creative minds, living at the East Tower makes you a part of an inspiring community of arts and culture. The design takes its inspiration from Lake Ontario and brings breathtaking views of the lake. Daniels’ masterplan includes wonderful residential suites, garden plots, outdoor & indoor amenities, retail space, offices, as well as the community environments The Yard and Sugar Beach North.

Daniels is fully transforming this space not only into a place to live but a place to stretch, play, have fun, and grow.

Register & Follow

Bianca Condos by Tridel

Bathurst St & Dupont St, Toronto

Coming to Dupont Street Tridel lets you choose the perfect suite for you with over 200 unique floor plans! Contrary to Toronto’s recent trends, Bianca Condos at 420 Dupont will have a large amount of incredibly spacious suites 1000 sq.ft. and higher allowing you to grow in your home and claim it as your own.

With the astonishing growth of Toronto, Dupont Street brings an exciting opportunity to invest with many revitalization plans, 2 subway stations, and proximity to the downtown core yet still having its own character and charm.

Receive Notifications

Artists’ Alley Condos by Lanterra Developments

Dundas St & University Ave, Toronto

Surround yourself with vibrancy and eclectic style in Toronto’s Grange Park neighbourhood. Artists’ Alley Condos is right in the middle of creativity and innovation with OCAD University, the AGO, and the Four Seasons Centre for the Performing Arts all within walking distance. Artists’ Alley Condos will reflect the endless art galleries, high fashion, hip cafes, and trendy boutiques along Queen St W & Dundas St W by creating a pedestrian friendly community, with park space and retail that will contribute to the neighbourhood.

Located by St. Patrick, as well as Osgoode TTC Subway Station, this three tower master plan development, is an impeccable home for young creatives, students, and those who strive off of inspiration.

Stay Informed

The Lofthouse by Grid Developments

Logan Ave & Gerrard St E, Toronto

The Lofthouse really stands apart from other Toronto condos by offering large bedrooms that provide the perfect space.

Right in the mix between Riverdale and Leslieville, The Lofthouse is surrounded by historic character, quaint streets, and delightful culture. Many lovely parks nearby bring residents a place to relax and play such as Withrow Park and Riverdale Park East. A wonderful neighbourhood for those who love Arts & Culture at The Danforth Music Hall, The Opera House, numerous art galleries, and theaters.

Register & Follow

Bloor Promenade Islington Terrace Condos 3 by Tridel

Islington Ave & Bloor St, Toronto

This is the third & final chance to live at Tridel’s Islington Terrace. The community has 50,000 sq ft of amenities indoor and outdoor that are just perfect for families. A Basketball Court, Splash Pool & Children’s Play Zone are just some of the amenities that children can enjoy (as well as adults).

Steps away from Islington TTC Subway Station, Islington Terrace Residents can venture into their neighbourhood and enjoy delicious eateries, shopping, and entertainment all around Etobicoke and Toronto.

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The Plant Condos by Curated Properties & Windmill Development Group 

Dovercourt Rd & Queen St W, Toronto

A rather perfect condo for a spring launch. The Plant Condos is a 10 storey boutique condo that allows and encourages you to live with a green thumb. This Queen Street West Condo brings freshness and clean air to your lifestyle and cut through the busy Toronto streets and concrete surrounding your every move. The Plant lifestyle focuses on self-sustainability, urban agriculture, and local growth. Residents will be part of a community that enjoys greenery and especially food

There are so many exciting and wonderful area amenities for entertainment, parks, culture, and an exciting lifestyle on Queen St W.

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Time & Space Condos 2 by Pemberton Group

Front St E & Lower Sherbourne St, Toronto

Wonderful location, a wide array of floorplans to choose from, and an amazing development team make this condo so desirable. You can enjoy over 67,000 sq.ft. of amenities, a perfect Transit Score of 100/100 and a Walk Score of 99/100!

Neighbouring communities like St. Lawrence Market and The Distillery District bring charm and culture to the area. Toronto’s downtown core all along Front Street is a quick walk away with even more nightlife and entertainment surrounding Time and Space Condos

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The Bluffs Condos by Skale

Kingston Rd & St Clair Ave, Toronto

The Bluffs Condos is as beautiful and striking as the Scarborough Bluffs they reflect. Whether you like to hike, swim, sail, or relax at the beach, living Cliffside at The Bluffs Condos puts all these options in your backyard. Skale Development has joined with RAW architecture and Figure3 to bring you a space that meets your every need. A balance between functionality and modern design leaves neither compromised.

At the intersection of Kington Rd & St Clair Ave E., there are many delicious eateries, shopping, and entertainment all around. The Cliffside neighborhood is quaint and family friendly.

Now Selling! View Floorplans & Pricing Create a free CondoNow Account to view pricing.

M City Condos by Rogers Real Estate Development

Burnamthorpe Rd & Confederation Pkwy, Mississauga

The highly anticipated first condo in this 10 Condo Master-planned community is here! M City will be a wonderful community to live in with amazing amenities and vibrant culture. Award-Winning Interior Design Company Cecconi Simone Inc. will bring high class and luxurious interior design spaces. This first phase will include 784 units with Rogers Smart Home Technology. M City provides a two-acre public parkland that adds to Mississauga’s Downtown21 Master Plan City Redesign.

Intertwined public transit, proximity to SquareOne, awesome family friendly venues, and being right by Mississauga Celebration Square makes M City such an amazing place to be a part of!

View Floorplans & Pricing

YongeParc Condos by Pemberton Group

Yonge St & Hwy 7, Richmond Hill

Living at YongeParc Condos brings you to the perfect location in Richmond Hill. A balance of friendly neighbourhood charm and endless area amenities surrounds you. YongeParc will have a striking design with designer suites that you just cannot wait to call home.

Pemberton’s SkyCity & SkyCity 2 just down the street SOLD OUT quickly from high demand of their quality work and the numerous parks and area amenities.

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You can view the Full List of Spring Condo Launches Here

Don’t forget to Register & Follow to receive notifications on exciting updates and create a free account to view the pricing once available.

Happy Condo Hunting

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New Condo Launch… There’s now a new way to buy. https://condonow.com/learn/developer-direct-from-condonow/ https://condonow.com/learn/developer-direct-from-condonow/#respond Wed, 25 Jan 2017 20:58:53 +0000 http://condonowblog.wpengine.com/?p=1181 Developer Direct from CondoNow puts buyers at the front of the line. If you have never purchased a pre-construction condominium in Toronto you may not be aware of the subtle differences that exist in the buying process, especially as it compares to buying resale. Buying a resale condo is pretty straightforward. You search and find …

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Developer Direct from CondoNow puts buyers at the front of the line.

If you have never purchased a pre-construction condominium in Toronto you may not be aware of the subtle differences that exist in the buying process, especially as it compares to buying resale.

Buying a resale condo is pretty straightforward. You search and find a suite you like, make an appointment to see it, put in an offer and if accepted, the sale is complete.

With pre-construction, the process is a little different.

Firstly, with a pre-construction condo, to buy at its launch you have to work with a licensed real estate agent to initiate a purchase.

Today however, you now have an additional choice, the option to buy direct from the developer, which, until now was only offered well after a project’s initial launch.

An important secondary variable to understand as part of this process is something known in the industry as suite ALLOCATION.

Before you are given the chance to buy a suite in a pre-construction condo, you must first ASK the developer for the

PRIVILEGE

to buy your suite of choice. This is done via the submission of a form called a worksheet, done as soon as the floor plans and pricing are made available, usually lasting 1-2 weeks.

Once worksheet submissions are closed, the developer then reviews all the worksheets submitted and grants permission to those they feel worthy to buy the units requested.  In other words providing ALLOCATION, at which time the chosen buyers can then move forward with the purchase.

But here’s the catch.  With the old “agent only” process the allocation of units is heavily PRIORITIZED.

Developers don’t do unit allocations on a first come first serve basis. Many consumers end up being the first to submit a worksheet and the last to receive an allocation. Meaning they will not get the suite they want, at the price they want.

How the allocation process actually works is that developers give privileged or first allocation to a select group of the top selling condo real estate agents in the city, often known as platinum agents.

The problem with this process is that it limits true choice for the consumer.

With true choice to be valid, there needs to be a 2nd option available.

Developer Direct, from CondoNow allows the consumer to buy direct from the developer, at launch, with an even higher allocation priority then that of Platinum agents. Placing you at the true front of the line for suite allocations.

With this priority allocation now available at the consumer level, not just the agent level, the consumer is now put back on an even playing field avoiding the previous roadblocks of privilege and preference.

The difference now, whether a consumer chooses to work direct with the developer or an agent, true choice is now back at their disposal.

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Toronto Condo Rental Rates at an All Time High https://condonow.com/learn/toronto-condo-rental-rates-at-an-all-time-high/ https://condonow.com/learn/toronto-condo-rental-rates-at-an-all-time-high/#respond Fri, 20 Jan 2017 09:00:43 +0000 http://condonowblog.wpengine.com/?p=1164 “It’s a good time to be a condo investor” likely could already be the understatement of the year. According to recent research study outlined in the Financial Post, Toronto condo rental rates have risen almost 12% in 2016, with the year ending average rental rate sitting at $2.77 per square foot per month. A decrease …

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“It’s a good time to be a condo investor” likely could already be the understatement of the year.

According to recent research study outlined in the Financial Post, Toronto condo rental rates have risen almost 12% in 2016, with the year ending average rental rate sitting at $2.77 per square foot per month.

A decrease in the supply of condo inventory is mostly to blame and this descending trend appears to be one that will continue on into the rest of 2017.

According to the Toronto Real Estate Board, the number of condos leased in the GTA dropped over 2% in 2016 marking the first time there has been a drop in rental listings in almost 10 years.

Tied to this is the increasing trend of existing condo owners selling their rental properties, moving the investments into one or several pre-construction condo units. The share of total condos in the GTA rented last year dropped to 8.5% from 9.3% a year earlier with the share of total units sold rising from 7.1% to 8.1%.

Finally, the rising price of single-family homes is driving more and more investors and homebuyers into the condo market. Existing home prices rose over 17% in 2016, accompanied by a catalytic decreasing trend in new home supply.

All of these trends seem to point to condo ownership in Toronto being a very wise move. No one knows how long this highly sloped increase in all factors will continue, but at the moment it is very difficult to make a bad case about investing in a new or pre-constriction condominium.

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Exclusive Interview with Tridel’s Jim Ritchie and Samson Fung https://condonow.com/learn/exclusive-interview-tridels-jim-ritchie-samson-fung/ https://condonow.com/learn/exclusive-interview-tridels-jim-ritchie-samson-fung/#respond Thu, 19 Jan 2017 20:30:45 +0000 http://condonowblog.wpengine.com/?p=1115 We recently had the privilege of having an exclusive interview with Jim Ritchie, Senior Vice President of Sales and Marketing, and Samson Fung, Director of Strategic Marketing at Tridel. Jim and Samson discuss Via Bloor, which is sure to be one of the hottest new pre-construction condo projects of 2017. We sat down with these …

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Via Bloor Condos

We recently had the privilege of having an exclusive interview with Jim Ritchie, Senior Vice President of Sales and Marketing, and Samson Fung, Director of Strategic Marketing at Tridel. Jim and Samson discuss Via Bloor, which is sure to be one of the hottest new pre-construction condo projects of 2017. We sat down with these two key Tridel executives and spoke about their vision for Toronto’s newest Bloor Street address! We also asked their feedback on the current state of the pre-construction condo real estate market in Toronto.

You can learn more about Tridel’s Via Bloor and Via Bloor 2. Read on for the latest insider details.

“Your newest project for 2017 is Via Bloor, quite a prestigious new Bloor Street location; you must be excited about starting off the year with such an exciting new project?”

Samson: This new community is located at the corner of Bloor and Parliament, part of a four city block revitalization. It’s a site that Tridel is very excited about, with fantastic view lines over the city, as well as to the north into the Rosedale Valley and Rosedale Ravine.

Via Bloor is a two tower project. Phase One is a 38-storey tower, comprising of 372 suites, and Phase Two is a 46-storey tower, with just under 400 suites. Right now we’re launching Phase One which we’re very excited about and looking forward to.

Jim: I think this project, and what makes it exciting for us, has everything to with what it is, and where it is. The what, Samson has articulated. As for the where, today anything in downtown Toronto particularly, goes to the front of the line simply because of its downtown location. But this site specifically is exciting because of its advantage being right in the middle of two subway stations on Bloor and those view lines that Samson talked about.

“Has the address of Via Bloor actually being on Bloor Street created an opportunity for Tridel to really impact this key downtown community in a positive way?”

Jim: Definitely. Living on Bloor Street holds a coveted address that excites people. This site has the advantage of being a short walking distance to Yorkville, but without Yorkville prices, which I think is a big benefit.

But I like where Samson was going in terms of the revitalization of that part of the city, starting at Parliament Street. We were attracted to the fantastic location; we really love the fact that it’s situated between two subway stops, and next to the ravine. Our Via Bloor development will dramatically change this corner – the two towers will sit atop an expansive retail base, and we are redeveloping the streetscape with pedestrian-friendly, widened sidewalks and parks to extend Yorkville to the east. That together with an outstanding architectural design from architectsAlliance, we think we have a winner.

“Would you say there is a specific real estate investor or first time condo buyer that Via Bloor will appeal to?”

Jim: As with the majority of Tridel projects, we design a building that will appeal to a large demographic group. The building is not designed for a specific segment of the marketplace, but we try to touch all of the bases. So of course we have one, two, and three bedroom suites. We think there’s something in this product mix that would appeal to a wide range of buyers, whether they’re buying specifically for investment or they’re looking for a quality built home downtown Toronto. That’s the common denominator with a Tridel home.

“Are there any special amenities for Via Bloor that stand out?”

Jim: You take it for granted that in a building of this size and scope, there is going to be a wide range of amenities, which there is. The amenities take up almost the entire fourth floor, together with an outdoor amenity that pops out on the fifth level. So really, it’s the full gamut of amenities here, including an outdoor pool and large party rooms.

Samson: At Via Bloor we used the internationally-renowned interior design firm II BY IV to design the amenity spaces as well as the lobbies. There are two separate lobbies for each of the two buildings. The fourth floor amenity space is approximately 17,000 square feet of interior amenities – which is a generous amount of space for a downtown project these days- but on top of that, part of our redevelopment process will involve us creating two outdoor parks. One directly on the corner of Bloor and Parliament and a second on the south side of Howard Street. So that’s all part of the master planned community, as well as retail on the base.

Jim: I think the amenity offering on its own is a big attribute to the community. In addition, there will be just over 16,000 square feet of ground floor retail that will front on to Bloor on the north side of the project, and onto Howard Street to the south, including an additional independent retail pod directly on Bloor.

Via Bloor’s Amenities and Retail Space. North Side of the two towers on Bloor Street.
Via Bloor Amenities

“Is there anything that you have done new or differently with Via Bloor, compared to what you have done in the past?”

Jim: The nice thing about buying in a Tridel community is that we’ve been doing this for a long, long time. Having an organization that has built over 80,000 homes over the last 80-plus years, gives you broader breadth of experience. So what we like to do is take lessons learned and improve. In this particular application, all this knowledge got rolled into this new building with the latest technologies, state of the art finishes, and we are using very, very accomplished consultants. We think the overall package is outstanding. It’s done to a very high level of finish.

Samson: There are a few things that are relatively new, even for us, being done on the technology side. One thing that we’re doing is “future proofing” for the smart home technology going into condominiums. For example, we have an internet package deal with Rogers where we can get 100 megabit service with unlimited usage to each and every individual condo, with the cost included in the maintenance fees.

Jim: We treat the Internet as a utility in our buildings. Everybody understands the importance of Internet access, so that’s why it’s done in that manner. It’s a big benefit to the residents there, plus it fits together with the wide ranging smart home technology we are incorporating into the building

Samson: There will be at least one Tridel Smart Home wall pad in each of the suites that help enhance security in terms of video and access controls. As well, there will be a licence plate recognition system that provides access to the garage. If the resident’s vehicle is registered in the system, it will automatically read your licence plate and open the door for you, similarly to how the 407 works. It also has a system in place for visitors so that residents can register their guests.

Jim: Couple that with state of the art energy efficiency. The building itself is designed to achieve a LEED® Gold status.

“Parking is becoming more and more of an issue for condo owners, is there a sufficient amount of parking available for Via Bloor?”

Samson: We will have an approximate 60 percent parking unit to suite ratio, which is reasonably high for a downtown project. That will allow us to provide parking to all of the two and three bedroom suites, as well as to the vast majority of the one-plus-den suites, and potentially an opportunity for the smaller suites.

“Are there timelines in place yet for Via Bloor?”

Jim: We are going to release all of the sales information on the weekend of January 21, and we’ll be in a position mid-February to commence contracts. The scheduled completion date for Phase One is early 2021.

“What are your views on the current state of the condo real estate market?”

Jim: We just ended our best year ever at Tridel, so I guess we’d agree with you that the market is good. Clearly the real estate market is robust and that in combination with the very high cost of single family homes in Toronto in particular, makes condo living a more compelling and affordable alternative for home ownership in the city. I think there’s a direct correlation between the cost of housing, the more typical detached housing, and what’s affordable today in a condo. Also, the low interest rate environment is a big factor. I don’t think that this year we’re going to see much difference from what we experienced in 2016.

“Quality has always been a key pillar for Tridel. We heard there was a bit of an issue over the holidays with a water leak at one of your new buildings. Are you proud of the way Tridel handled this situation?”

Jim: That’s absolutely true. Sometimes these things happen, but it is how you deal with them that makes a difference. Our teams spent an incredible amount of time and effort over the Christmas holidays to make sure that we could help the residents in that particular building. We have very experienced and supportive Construction and Customer Care teams, and our commitment to customers doesn’t stop at the original point of sale.

“Any advice for a Toronto pre-construction real estate investor or a first time condo purchaser?”

Jim: Well I think we always tell people to have due diligence and to do their homework. I think it’s important that with such an expensive undertaking on behalf of the individual, that they’re working with a development partner or a reputable builder who has experience and can deliver a quality product. You know that the market is hot, I understand, but I don’t think people should rush into decisions unless everything has been checked very carefully, including their own financial affairs and of course again, their builder.

Thank you Jim Ritchie and Samson Fung for your insider details! Wishing you the very best for Via Bloor; a condo development we’re sure will be a key contribution to Bloor St.

For more information about the project, pricing, and floorplans, please visit Via Bloor Condos and Via Bloor Condos 2

Via Bloor North Side with views of the Rosedale Ravine(left). East Side(middle). South Side(right)Via Bloor Model

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