Tag Archives: condo towers
Toronto Condos
The Toronto condo market is not going to crash. It is hectic, crazy, chaotic even – but it is not in any danger. We have seen some serious price increases over the past decade or so, and those rises are going to slow down. They may stop, we may see prices flatten out, even fall a touch. But, over the long term, prices will continue to move upwards. We have 16 straight years of real estate price growth in Toronto, and only 6 of the past 47 years have seen prices go down. There is no reason this trend is going to reverse.
The new condo market is booming because of a few factors. Mainly it is fueled by new arrivals to the city (100,000 people move to the GTA every year – and they all need somewhere to live), many from cities where tower living is the norm. First time buyers are priced out of the house market, so they go to condos as the affordable option. The suburban trend is over, people now want to live downtown, they want to be near work and play. Lastly, there are almost no new rental buildings being built – the rental market is now the condo market. Vacancy rates are down to 1.3% so there is huge demand for rental units.
Every crane you see means 80% of the condos have been sold already, with 20–25% paid upfront by the purchasers. Sure, there are more condos being built here than in New York City, but NYC already has 100s or 1,000s more high rise buildings than we do. We are way behind and are playing catch up.
New Condos Being Built In Liberty Village
There are over 2,200 condos in Toronto as of 2012. They stretch across the city, from the lake to north of the 401, from Scarborough to the Humber River. Most are standard condo towers, though others include condo townhouses and lofts.
Toronto condos have been almost miraculous, seeming to be immune from almost anything. Pundits have called for the collapse of the Toronto condo market since around 2003, yet it simply has not happened. More and more people want to live downtown and condos provide an affordable option. Many first-time buyers enjoy the maintenance-free lifestyle that Toronto condos offer. With 100,000 people moving to Toronto every year, there is no shortage of people needing a home.
We are here to expand your knowledge of the Toronto condo market. So much has been said in the press over the year, much more so these days. We re-print all sorts of pertinent articles here, with our comments, to help you steer through the spin and balderdash. Much has been made of very little, small data have been blown up into huge issues.
Recently, the average price per square foot for Toronto condos has stayed relatively flat at $475, though some new projects have come closer to $700 at the end of 2012. Lower pricing, low interest rates and a pent-up demand has resulted in a heated Toronto real estate market.
Some older buildings have prices as low as $350 per square foot, though you will have to deal with dated units and high condo fees. Prime locations such as Liberty Village are in the $550–650 psf range. Waterview condos on high floors can approach $700 psf and luxury condos such as those in Yorkville are generally over $1,000 psf.
Newer condos offer better features and finishes, with granite and stainless kitchens, glass showers and engineered wood floors – but are definitely smaller. They have state-of-the art gyms, pools and tend to be much more efficient. Older condos offer larger units, at the expensive of dated kitchens, old broadloom and smaller windows. Amenities tend to be less luxurious. Condo fees are usually lower in new buildings, higher in older ones.
Below are links of some of the most popular condos in Toronto, in different neighbourhoods. Obviously there are many many more out there, but these are the ones people ask about the most.
- Annex Condos
- Bay Street Condos
- Bayview Condos
- Beaches Condos
- Davisville Condos and Summerhill Condos
- Downtown East Condos
- Downtown West Condos
- Forest Hill Condos
- High Park Condos and Bloor West Condos
- King West Condos
- Leaside Condos
- Liberty Village Condos
- Little Italy Condos
- North York Condos
- Rosedale Condos
- Waterfront Condos
- West Waterfront Condos
- Yonge and Eglinton Condos
- Yonge and Finch Condos
- Yonge and Lawrence Condos
- Yonge and Sheppard Condos
- Yonge and St. Clair Condos
- Yonge and York Mills Condos
- Yorkville Condos
- Condo Townhomes and Stacked Townhouses
The Jeffrey Team is your source for Toronto condominium services. We focus on exceptional service, providing you with everything you need – from condo MLS listings to information on condo properties in Toronto.
Toronto has Lake Shore and Harbourfront condos that offer fantastic views of Lake Ontario. These new condo buildings attract buyers from all over, who enjoy their investment in a Toronto condo. Let us help you with viewing condo listings, virtual condo tours, condo photos and more.
CityPlace Is One Of The Largest New Condo Developments
Are you looking to buy a downtown Toronto condo? The Jeffrey Team can help you research condominiums in Toronto that best suit you and your family. Check out tips for buyers as well as summaries of the condo alternatives! We work with condos for sale in Toronto every day, we can help you find what you are looking for.
Search through our inventory of hot Toronto condos, read about various Toronto communities, we have tons of information about the Toronto condo market. We are here to help you search MLS in Toronto to find condos for sale. If you are thinking of buying a condo or selling your condo, call Laurin today at 416−388−1960 or email laurin@jeffreyteam.com.
Think of this as your online portal to Toronto condominiums for sale, helping you learn more about the available condo options in Toronto. When you find a condo listing that you’d like to see in person, let us know and we will make all of the arrangements.
Our goal is to be your trusted real estate web site for Toronto condominium information, offering condo MLS listings, as well as mortgage and community information. Learn about the joy and excitement of downtown Toronto condo living.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Moss Park
Home to picturesque Allan Gardens and its lovely conservatories, Moss Park has potential, but it’s hampered by crime and gritty streets. There are signs of transformation, largely via construction cranes and projects outside the neighbourhood borders. More buyers are willing to take a chance on the region thanks to its proximity to the core and reasonable prices.
Though there’s a strong social housing presence, condo towers are rapidly rising off Sherbourne and Richmond, and King Street East is seeing a condo boom among the old storefronts and heritage properties. Young professionals are turning from the chaos of the Entertainment District to Corktown, which has been poised to pop for years. One selling point is the proximity to the Distillery District (more of a destination than a standard community) and the foodie’s paradise St. Lawrence Market.
Moss Park Real Estate Map
To the southeast, grand plans to develop the West Don Lands could bring extra foot traffic. If the nearby Regent Park revamp introduces more middle– and high-income earners, the downtown east side might no longer be the down-and-out.
Moss Park — the area of downtown Toronto extending north from Queen Street East to Shuter Street and west from Trefann Street to Jarvis Street — was once part of 100 acres of parkland, owned by William Allan, one of the wealthiest men in town in the early 1800s. In 1830, Allan commissioned construction of a vast mansion on his estate, and named it Moss Park. The mansion stood were the city park of the same name is today.
On William’s death in 1853, the Moss Park estate passed to son George, a future Mayor of Toronto. George lost no time in sub-dividing the land, and the neighbourhood became one of the young city’s more affluent areas, known for its handsome Victorian houses.
Little remains of this original community. In 1962, the old homes fell to the wrecking ball. In their place, The Toronto Community Housing Corporation built a massive public housing project — the trio of 16-storey, 300-unit subsidized apartment towers that today characterize Moss Park and generate a negative reputation for the area.
Moss Park Real Estate
Despite the neighbourhood’s acknowledged social ills, however, the many small streets and the areas on the periphery can surprise. Berkeley Street, for example, with its row of attractive gabled homes and landscaped plots. Wilkins Avenue, a street of just 20 houses and its own residents-only parking. Or the mix of old and new townhomes on Trinity, just north of Eastern Avenue. Home-buyers looking for a fixer-upper might do well to check Seaton Avenue, to the north of Dundas Street, where homes awaiting a renovator owner mix with already renovated Edwardian style homes.
The neighbourhood’s negative reputation produces deals unlikely to be matched elsewhere in downtown; meanwhile, the continuing gentrification of Regent Park and adjacent neighbourhoods such as Cabbagetown, Corktown and The Garden District makes Moss Park a solid bet to see appreciation considerably above average. In fact, as I have said for years, the entire east end is ripe for solid appreciation through the next 5 years or so.
For shopping, residents of Moss Park homes are close to the Sherbourne, Queen Street East and Parliament retail strips, and within walking distance of St. Lawrence Market.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Fort York
The neighborhood named after Fort York is on the southwestern side of Toronto. The boundaries are said to be Bathurst Street to the east, Strachan Ave on the west, the railway tracks to the north and Lake Shore Boulevard at the south.
One of the most intriguing aspects of Fort York is that the fort itself is a registered historic site, the area is chock full of tradition and Canadian history. Also know as the Garrison area in Toronto due to its history as a military fort and stronghold, part of the battle over Upper Canada between Britain and the United States.
Just north of the Gardiner Expressway is the National Historic Site of Fort York. It was one of the main battlegrounds of the War of 1812, where the United States of America attacked the combined troops of British, Canadian and First Nation forces. While it may have been briefly occupied by U.S. forces in the summer of 1812, our boys easily regained it. The buildings are all original – even if some of them have been rebuilt – and are still standing today.
Fort York Real Estate Map
Inside Fort York and park is where you will find Canada’s largest collection of authentic War of 1812 artifacts and buildings, making the area a huge draw for local history buffs. It is kind of interest, quite the juxtaposition to see some of the oldest buildings in Toronto today standing alongside some of the newest. Fort York is also conveniently located within minutes of Niagara, Liberty Village and Trinity Bellwoods.
Not that long, the area around Fort York was a barren wasteland of railway yards, factories and empty streets. The Toronto condo boom has changed everything now, vacant land does not stay vacant for long anymore. Condo tower after condo tower is rising from these former industrial sites and railway lands, bringing new life to the once-desolate neighbourhood.
Fort York
The neighbourhood itself has been undergoing an extensive revitalization project, which culminated in the opening of a new visitors centre in 2012, in time to honour the bicentennial celebration of the War of 1812 and the importance of the fort during that time.
The new high density neighbourhood surrounding Fort York is now modern and urban – however, remnants of the past can be found throughout the area. Fort York is ideal for those wanting to live in one of the newest residential areas the city has to offer.
Fort York is just south of King West and Liberty Village and has part of the new growth in the area, creating all sorts of new housing. Like the nearby neighbourhoods, Fort York real estate offers many good options – particularly for first time home buyers. Fort York offers a large number of affordable condos, with many more being built every year.
Fort York Condos
Along with the new condo towers, more signs of civilization are appearing. There is the new Sobey’s store at the corner of Fort York Boulevard and Spadina Avenue, within easy walking distance of thousands of condos. Close to the store, a new school and park will soon be completed. And a couple of long blocks west along the uncompleted boulevard (where it joins Bathurst Street), a spanking new 17,000-square-foot public library is to be built.
Younger professionals, first time buyers and investors are buying most of the condos in the area. Good supply and strong affordability for the first time buyer makes these properties very attractive.
When these things come to pass – the park, the towers, the library on this block and all the other projects planned for the area around Fort York – a haunt for lonesome walkers will be lost forever, but the old fort will be where it has always belonged: in the middle of Toronto life.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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