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….
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.
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.
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.
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.
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).
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.
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.
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.
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….
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!