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History show to come to condos
Dennis Hanagan – The Bulletin
The Town of York Historical Society wants to hit the road later this year and give history lessons to people who live in downtown Toronto condos.
“We want to put together, I guess for lack of a better word, a road show,” says society president and Garden District resident Jennifer McIlroy.
The society plans to spend the summer creating a PowerPoint presentation about the history of Downtown Toronto and then in the fall take it to condos where society members would tell residents about the lives and times of the people who once lived on the land where their soaring towers now stand.
The society did a dry run with a small-scale project about a year ago at 25 The Esplanade. “We put together a presentation and we said ‘look, right here where this building is, this is what happened,’” says McIlroy.
The history would focus on the area bounded by Adelaide, Parliament, Front and Yonge, known as the “10-block area.” Permission would be sought from condo boards to make the presentation.
With condos springing up all around the Downtown core and with new people moving in, the society wants to make sure the city’s history is not lost.
“There’s a proliferation of condo development going on right now. We’re in danger of losing some of the old lore of the area. People can move into these great condos without knowing the three-dimensional breathing they’re doing,” says McIlroy.
McIlroy explains what she means by three-dimensional breathing. “When you walk down the street and you move into your condo you have to know the (1837) Rebellion took place here, and Toronto’s first post office is right here.”
She continues: “So when I say three-dimensional I mean it’s not just what’s in your face and what you’re feeling today. You’re also breathing in the history and the souls of the people that came before.”
“There’s so much transience right now, so to establish what went on here is also to establish a little bit of home and identity,” McIlroy concludes.
The society makes its home at Toronto’s First Post Office at 260 Adelaide St. E. It was built in 1833 and remains a fully-operational post office with a museum of early York and an 1830s-style room to write letters with quills and ink and close them with a wax seal for mailing.
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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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Condominium builders battle for the middle ground
High-rise projects sandwiched between downtown and the suburbs have to offer more to compete effectively
By Derek Raymaker – The Globe and Mail
The vast choice in new high-rise condominium suites in central Toronto has wedged prices and demand in a nice equilibrium, if temporarily.
At an average price of $331 a square foot across Greater Toronto, condominium prices are not spiralling out of control in the same way as new detached homes, even though four high-profile super-luxury projects, including one under the Ritz-Carlton banner, have been launched, driving up the average price.
And Torontonians should be surprised and satisfied to know that condo prices here are in line with most other Canadian cities, and actually a bargain compared with Victoria, Vancouver and Calgary.
When you pull yourself away from the economic analysis (which shouldn’t be too hard) and visit the sales centres of new downtown projects, you’ll find finely tuned marketing machines aiming directly at the lifestyle-oriented instincts of buyers looking for convenience and trendy design.
But it’s location that will always trump these other factors, and a hot corner can be worth all the granite countertops in the world. There are over two dozen condo sales centres currently open in central Toronto, and there would seem to be something for everyone .
The new projects competing with them in Etobicoke, North York and Scarborough need to offer more.
Developers in this grey area of the high-rise market — not quite downtown, not quite suburban — have also gravitated to particular locations featuring either scenery or convenient transportation.
In Etobicoke, the western lakeshore straddling the mouth of the Humber River continues to hit the right notes with buyers. The subway — and subway extensions — have guided North York’s high-rise development. And the Scarborough Town Centre transit and highway corridor is the site of pretty much all of the high-rise projects in that former borough. Of course, these all come with the discount you’d expect for being out of the trendy loop that exists south of Eglinton Avenue.
None of this is rocket science to any savvy marketing team. But there is one key advantage these traditional low-rise neighbourhoods have over the trendy downtown projects that bodes well for future high-rise development. That is the prevalence of tens of thousands of older couples who want to sell their large maintenance-intensive houses, but not leave their neighbourhoods.
There’s also the added bonus that many of these older buyers are able to buy a high-end two-bedroom suite priced at $500,000 or so with no mortgage after they sell their family house for $750,000 in pockets like Lawrence Park or The Kingsway.
Bayview Avenue has been a particularly popular spot for new empty-nester buyers looking for a well-appointed suite with larger square footages than you’d find in downtown Toronto‘s shoeboxes in the sky to handle all the family heirlooms.
Daniels Corporation’s Kilgour Estates, just south of Lawrence Avenue, has been a huge hit with homeowners from the immediate area, with prices starting at $474,000 and going up to $1,586,000 for between 1,072 and 2,293 square feet.
Further north on Sheppard Avenue is Shane Baghai’s St. Gabriel Village, on a site to be shared with a church and to feature an emphasis on energy conservation. It has been on the market for a year with prices at $479 a square foot.
The overall price picture outside of downtown features many projects with fairly expensive suites like those mentioned above, and loads of traditional high-rise condos catering to the first-time buyer on a budget, but not much in between.
The early data for 2006 indicates it’s been a soft market overall in these areas, with a lot of building going on but not much buying.
In west North York, the average high-rise suite price reported for February was $269 a square foot, up a modest 3.8% from February, 2005, according to data compiled by RealNet Canada. The North Yonge Street corridor reports a price of $316 a square foot, up 1.6% from February, 2005, while Scarborough was at $276 a square foot, up 6.1% from February, 2005.
Etobicoke average suite prices are actually above the Greater Toronto average at $359 a square foot in February, up 3.1% from $348 in February, 2005.
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Toronto Real Estate — Bloor West Village
From New Dream Homes and Condos Magazine
In the 1850s, the area now known as Bloor West Village was the property of Lieutenant Colonel William Smith Durie, the first commanding officer of the Queens Own Rifles. The street that ran through his estate is now known as Durie Street. The present day neighbourhood began to be developed in 1909, when this district became part of the City of Toronto. Soon after amalgamation with Toronto, Bloor West‘s roads were paved and city services were made available.
Bloor West‘s first residents were immigrants of Eastern European background. These are the residents who helped found the Bloor West Village Business Improvement Area, the first of its kind in Canada. This shopping district has helped make Bloor West Village one of Toronto’s most popular neighbourhoods.
This is also a popular neighbourhood for families since it is home to many excellent schools and is within walking distance of High Park—Toronto’s biggest and best-known park. Covering 399-acres, this Toronto landmark contains picnic areas, flower gardens, animal paddocks, a restaurant, an outdoor amphitheatre, sports facilities, a trackless train, an adventure playground, and a large pond.
Other local attractions include the Annette Recreation Centre, which is attached to the Annette Street public school. This centre has an indoor pool, a small gymnasium, and a baseball diamond. A little bit east of the Annette Centre is the Annette Street Public Library, which offers programs for adults, children, and preschoolers.
Bloor West Village is also home to The Humber, a movie theatre that is conveniently located on Bloor Street, just west of Jane Street.
Homes in the area are all fairly similar in size and style—having been built in a relatively short period of time between 1912 and 1923. Most houses feature deep front porches that are well shaded by the majestic oak and maple trees that line the streets of this neighbourhood.
Although known for it’s great selection of stores, the Bloor West Village shopping district is as much about eating as it is about shopping. It’s a virtual smorgasbord of bakeries, delicatessens, specialty food shops, cafes, and restaurants.
Convenience stores, fruit and vegetable markets, dry cleaners, video stores, and other shops catering to everyday household needs, can also be found on Jane and Annette streets.
The Jane and Runnymede subway stations are part of the Bloor-Danforth subway line and are both within walking distance of the homes in Bloor West Village. The Annette Street bus connects passengers to the Dupont subway station on the Yonge-University-Spadina subway line and there are additional bus routes on Jane Street and Runnymede Road.
Commuters are only about ten minutes from the Gardiner Expressway and Lake Shore Boulevard—providing quick access into and out of the city.
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