CANARY DISTRICT COMMUNITY COMING TO LIFE WITH PAN AM/PARA PAN GAMES

Canary Park Condominiums and Townhomes

Canary Park Condominiums + Townhomes

The countdown is on to the eagerly awaited Pan Am/Para Pan Games in Toronto, a driving force in the city’s summer excitement. In the June 16th Toronto Star, acclaimed architecture critic Christopher Hume praised the Athletes Village as a model of Canadian urbanism in the West Don Lands and the developer, Dundee Kilmer, for its “architectural aplomb” in creating a memorable neighbourhood. Once the games are over, their spirit will live on in the condominiums, facilities and public realm of Canary District, BILD’s 2014 Community of the Year.

Dundee Kilmer’s theme for the pedestrian-friendly community is health and wellness, and it gives new meaning to the phrase “live, work and play.” The neighbourhood features wide tree-lined walkways connecting a YMCA, George Brown College student residences, retail stores, cafés, restaurants and recreational services. Residents can also stroll to the shops and galleries of the recently restored Distillery District urban village.

Currently, Dundee Kilmer is selling Canary Park Condominiums + Townhomes, a mid-rise residence facing the new 18-acre Corktown Commons Park, which features a playground, amphitheatre, splash pad, pavilion and hundreds of trees. The residence is also situated where the new Front Street Promenade begins.

This is truly the opportunity of a lifetime. NOW is the time to explore your residential choices. The new Presentation Centre is located at 9 Mill Street, between Parliament and Cherry Streets. Visit www.canarydistrict.com or call 416-603-7576.

MORTGAGE INTEREST RATES STILL UNBELIEVABLY LOW!

Anyone thinking of entering the new home marketplace, moving up or right-sizing should really be thinking “sooner rather than later.” It is absolutely incredible that rates are still so historically low. This situation represents amazing savings for borrowing. Over the course of your amortization, even a fraction of a percentage point translates to thousands and thousands of dollars!

Canada is also one of the world’s largest energy consumers, and savvy home buyers and homeowners are placing the dollars they save with our low oil prices into savings programs. They are also continuing to practice vehicle fuel use reduction strategies such as keeping idling to a minimum and using air conditioning as little as possible.

When it comes to mortgage interest rates and oil prices, we all know that what comes down will eventually go up, so take advantage of these low rates now, while you still can.

CONSTRUCTION TO BEGIN ON 2221 YONGE

2221 Yonge

2221 Yonge

Recently, we had to move out of our beautiful presentation gallery at 2221 Yonge to make way for the onset of construction. What a phenomenal opportunity this condominium offers at the significant intersection of Toronto’s Yonge and Eglinton. Twelve new floors have been released, and for a limited time, Tower Hill Developments is offering free maintenance for one or two years and an extended deposit program (see a sales representative for full details). Current owners and new purchasers all now have the opportunity to purchase parking as well.

Suites in this stunning condominium are named for well-known cities around the world, which is appropriate, as the design team features internationally renowned firms. For starters, there is Manhattan-based Pei Partnership Architects, which is collaborating with Toronto’s Quadrangle Architects for the outstanding terraced exterior. The Pei Partnership founders’ father, I.M. Pei, was the architect for the iconic Commerce Court West, South and East buildings in the Financial District, and of course, he is well known for having designed the pyramid at the Louvre in Paris. Munge Leung has designed the gorgeous interiors at 2221 Yonge, which include fabulous amenities in the 56th floor lounge called “Halo.”

Savvy buyers range from those who love architecture and see the amazing changes taking place at this iconic corner, to investors who know the future value the crosstown LRT will bring to this midtown Toronto neighbourhood. For more information, visit the new presentation gallery located at 2081 Yonge Street at Manor Road East. For hours, check out the website at 2221yonge.com or call 647-350-2221.

CONSTRUCTION BEGINNING ON THE UPPER HOUSE CONDOS IN LEASIDE

The Upper House

The Upper House

Discover a new release of two-bedroom suites priced from $439,990 at The Upper House Condos in Leaside. Knightstone Capital Management Inc.’s boutique residence at 2 Laird Drive is so successful that construction is set to begin on these suites and townhomes nestled into one of Toronto’s most sought after neighbourhoods. There is a certain cachet that comes with living in Leaside, which is close to everything from great shopping to gorgeous parks and a recreation centre. Both TTC and highway access are close by as well.

The lovely amenities in this landscaped condominium include a party room, which features a catering kitchen, dining area, lounge seating, fireplace and large-screen TV, and which opens onto an outdoor patio garden. Residents will also have the rooftop terrace for barbecuing, dining alfresco or simply relaxing amid scenic views. Owners will also enjoy a gas line on their balconies for private barbecues, just like in the back yard! Suite owners will appreciate having a fitness studio and dog spa available as well.

The Upper House Condos will feature Restoration Hardware furnishings in the lobby and other amenities. The entire condominium will have a “house” feel to it, which appeals to empty-nesters.

Well-respected Knightstone (K-cap.com) has an extensive portfolio of fine real estate properties throughout Ontario. Visit The Upper House Presentation Centre at 25 Malcolm Road; call 416-425-1800; or register at TheUpperHouseCondos.com.

CONDO SALES STEADY IN Q1

The RealNet Canada Inc. GTA statistics are out for March and the first quarter of 2015, and condominium sales continue at a steady rate. The average price of a high-rise home has grown to $450,133, which is up 3 per cent from March 2014, but is still incredibly lower than the new average price of low-rise homes, which has reached an astounding record high of $738,731. That’s a $288,598 difference!

In the news release from BILD, president and CEO Bryan Tuckey cites the supply-and-demand phenomenon as the reason for soaring low-rise prices. There simply are not enough ground-related homes available to satisfy the market, which means new condominium development is critical across Toronto and the surrounding 905 areas to keep the supply of new homes healthy.

And no wonder so many new home buyers across the GTA choose condominiums for their residential and real estate investment needs. Price is only one factor. By virtue of their make-up, with maintenance, repair and upkeep of common elements being handled for residents, condominiums free up valuable time to enjoy family, friends and the beautiful amenities in their building.

Prices will continue to rise, so anyone thinking of entering the new home marketplace will want to explore condominium choices sooner rather than later. It is likely the best investment you’ll ever make in your personal and financial futures.

VIVA VIDA!

Vida Condos Rendering

Vida Condos

Baker Real Estate Incorporated is delighted to handle the launch of sales at Vida Condominiums at Bayview Village, Castle Group Developments’ brand new residence situated next to the subway and across from fabulous Bayview Village shopping centre! Interest in this condominium is overwhelming, with urban sophisticates thrilled at the prospect of living out Castle Group’s motto “Live Life Connected.”

Imagine being able to stroll to Bayview Village for a jolt of caffeine at an espresso bar, fine dining at Il Fornello or Origin North Restaurant & Bar, or to shop for fashion choices for the entire family. This is definitely the “haute” lifestyle.

And can you believe that prices at Vida will begin from $199,990? It is incredible for such a coveted address created by a prestigious, award-winning developer. In the past, Castle Group has been recognized by BILD with Best Building Design, Best Suite Design under 750 sq. ft. and Best Suite Design over 1,500 sq. ft. The company’s highly creative development team is proud to meet and exceed today’s savvy condominium buyers’ expectations.

For more information and to register for this phenomenal opportunity, visit VidaCondos.com.

LIVE LIFE CONNECTED AT VIDA

Vida Rendering

Vida

When the subway is next door and Bayview Village is only steps away, the address is Vida. We’re thrilled to introduce Vida by Castle Group Developments, a luxury condominium located at Bayview and Sheppard Avenues.

The Vida address is as convenient as it is prestigious. Residents will be able to step out their front door and into one of the city’s most upscale shopping destinations at Bayview Village, which offers more than 100 luxury retailers, gourmet grocers, restaurants and cafes. Yonge Street is only a five minute walk away and offers a variety of culture and entertainment options with the Art Gallery of North York, Toronto Centre for the Arts and movie theatres. Nearby hospitals include Sunnybrook and North York General.

For those seeking an invigorating respite from shopping, there’s a plethora of nearby parks and scenic walking trails, including Rean Park, Hawksbury Park and Bayview Village Park.

Vida Entrance

Vida Entrance

The close proximity to transit makes commuting a breeze with the Sheppard subway line steps away along with access to the 401 and the Don Valley/404.

Vida’s stunning and urban architecture by HCA Architecture features a whimsical façade, lush landscaping and a dramatic arched entranceway.  Amenities take urban living to the next level with a Wi-Fi lobby lounge, party room, outdoor dining and BBQ area, fitness centre, sports bar and retail shops and services on the main floor.

Suites at Vida feature expansive windows and layouts, gourmet chef kitchens with fine-crafted cabinetry, lavish bathrooms with imported ceramic tiles and opulent suites with spacious closets. In a 3, 6 and 8-storey steeped design, Vida offers suites in studio, one bedroom, one plus den, two bedroom, two plus den, two bedroom plus flex and 3 bedroom layouts. Sizes range from 322 to 1,600 sq. feet. Prices start at $199,990 to $1 million.

For more information on Vida, register at vidacondos.com

TORONTO’S EAST END FLOURISHING

Urban renewal is alive and thriving in downtown Toronto’s east end, where developers are playing a major role in revamping previously neglected areas with beautiful mixed-use condominium communities. There is a huge spotlight on the sector of the city east of Yonge through to the Waterfront Toronto revitalization of the West Donlands. This massive revamp includes glorious public realm spaces as well as condominiums and commercial/office/retail venues. In addition, last year Mayor Tory proposed plans to transform the East Donlands into a business hub with 70,000 new jobs.

These sections of Toronto offer convenient access to the Gardiner Expressway and Don Valley Parkway for easy-in, easy-out trips to and from the city. They are also home to a wealth of amazing amenities, with more coming on stream. It simply makes sense that people will want to live downtown east of Yonge Street, as well as work there. Fortunately, our condominium developers foresaw this demand and are coming on stream with gorgeous new options.

One example of the new residential opportunities in Downtown East is SigNature Communities’ East United Toronto Condos at Berkeley and King, which is coming onto the market soon. Like so many condo neighbourhoods in Toronto, East United Condos will be situated within walking distance to an enviable number of amenities. In fact, it ranks in with a Walk Score of 97 out of 100, a Transit score of 100 and Bike Score of 90. Within blocks, residents will be able to stroll to the Distillery, Financial and Entertainment Districts, St. Lawrence Market, shopping, restaurants, nightclubs, parks, the lake and so much more! Anyone interested should register now at www.signaturecommunities.ca.

NEW FROM BAKER IN EARLY 2015

Emerald City

Emerald City

The first quarter of 2015 is off to an exciting start, with exciting new condominium communities and additions coming onto the market from our clients at Baker Real Estate Incorporated. Let’s begin with The Colours of Emerald City, the newest three-condominium phase at ELAD’s highly successful, master-planned North York community. Situated at Don Mills and Sheppard Avenue, Emerald City offers one of the best locations in the city, steps from subway access and close to fabulous Fairview Mall. Visit http://www.emeraldcitylife.ca.

Last year, Solmar Development Corp. launched sales at Park Avenue Place at the southeast corner of Jane Street and Rutherford Road – adjacent to the incredible Vaughan Mills shopping centre. One of Canada’s largest, this centre is like a city unto itself, with everything from leading fashion and lifestyle brands to restaurants, services and even LEGOLAND Discovery Centre. Solmar is releasing Phase 2 of Park Avenue Place, which is also close to schools, the new subway extension and major highways. The second residence in the community will be every bit as enticing as the first, with gorgeous suite designs, high-quality finishes and access to wonderful amenities. Visit http://www.parkavenueplace.ca.

Watch for the Grand Opening of The Link Condos + Towns Phase 2 in Burlington this spring. ADI Development Group’s first phase has been phenomenally successful. The community’s one-of-a-kind location is the inspiration for its name. Situated at Dundas Street and Sutton Drive, The Link is “linked” to Bronte Creek Provincial Park. With the condominium market in Burlington being fairly new, response to this luxurious residence has been outstanding. Visit http://www.adidevelopments.com.

If Toronto’s Downtown East is your residential destination, consider SigNature Communities’ East United Condos at Berkeley and King, coming soon. With a Walk Score of 97, a Transit Score of 100 and a Bike Score of 90, this condo community is ideal for people of all ages and lifestyles – anyone who appreciates convenience. In fact, on the Walk Score website, this location is considered a Walker’s and Biker’s Paradise! Live minutes to the Financial District, major hospitals and the Entertainment District. You will find a variety of suite sizes and configurations from SigNature Communities. Register now at http://www.signaturecommunities.ca.

With tickets now available for the 2015 Pan/Parapan American Games, sales are really heating up at Canary Park Condominiums, the newest phase in Canary District, which will become the CIBC Athlete’s Village during the games. Dundee Realty Corporation and Kilmer Van Nostrand Co. Limited’s award-winning, 35-acre Downtown East urban village is next to 18-acre Corktown Common Park in Toronto’s Downtown East. Located at Front Street and Bayview Avenue, Canary Park is a mid-rise residence close to a wealth of wellness-themed amenities. Visit http://www.CanaryDistrict.com.

The Rosedale on Bloor Condos by Easton’s Group of Hotels is coming soon to 387 Bloor Street East in Toronto, offering two towers with handy retail venues at their bases. Location will be a huge draw here, as the condominium is only a three-minute walk to the Bloor Danforth Subway, five minutes to Yonge and Bloor, six minutes to Yorkville – and residents will be able to stroll to both the University of Toronto St. George campus and Ryerson University in under 20 minutes. Discover an array of amenities and a variety of floorplans in Easton’s Group’s design.

This spring, construction will begin on Tower Hill Developments’ highly successful 2221 Yonge, which will now feature 12 new floors, taking the building to 58 storeys. The all-star design team for this outstanding condominium includes Manhattan-based Pei Partnership Architects and Toronto’s Quadrangle Architects for the striking exterior, and Munge Leung for the chic interiors. Buyers appreciate luxury in a midtown location. Visit 2221 Yonge in person; check out the website at Visit http://www.2221yonge.com.

RENTAL MARKET PRIMED FOR MORE CONDO INVESTORS

King Blue Condominiums

King Blue Condominiums

If you have ever thought about getting into the real estate market in Toronto or the GTA as an investment, especially in a new condominium, NOW is the time to do it, for two main reasons. One, the vacancy rate in Toronto is 1.3, so finding tenants for your rental suites will be a breeze. Two, today’s renters, especially the Millennial generation, are happy to pay more to live in a brand new condominium. They appreciate the comfort and convenience of condo living, without the maintenance of a low-rise home, and with an array of amenities under their roof.

Nearly all of the new rental supply in the GTA is comprised of condominium suites. Renters come from all walks of life and backgrounds. Each year, thousands of newcomers flock to our area, and they either buy homes and condos or rent. Our population is growing by leaps and bounds, and it is estimated that we will be home to over 9 million residents by 2036. We need an ever-increasing supply of affordable homes. In the GTA, that means condos. Looking at 2014, the average price of a low-rise home reached $705,813, and high-rise $454,476 – a difference of $251,337. This is the highest recorded level ever!

We are currently experiencing historically low mortgage interest rates, which may continue for quite some time, but could rise as well. We know that condo prices will rise, so why not take advantage of this incredible situation NOW?

Remember, real estate is a “real” investment that you can see, touch and visit to check on it. The condo rental market is always expanding as well, with baby boomers coming into inheritances, empty-nesters looking to right-size their lives, and even more families choosing to raise their children in condos. For your real estate investment, consider a condo – it’s a wise move!

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