Tag Archives: Condominium

ONGOING CONDO DEMAND FUELED BY IMMIGRATION

21 Monday Oct 2019

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The 2016 Census showed that 17 per cent of all recent immigrants to Canada live in Toronto, and that if that trend continues, we would see nearly 170,000 immigrants moving into the city by 2020. According to the Canadian Government, Toronto has the highest per capita immigration rate in the world, and 43 per cent of all new immigrants to Canada settle in the Greater Toronto Area. The World Population Review posted that Toronto has the second-highest percentage of foreign-born residents of all world cities after Miami. The result is that immigration is at its highest peak in a generation, and Toronto’s population is inching up toward 3 million, making it the largest city in Canada by population. As I continually say, newcomers have to live somewhere.

43 per cent of all new immigrants to Canada settle in the GTA. You can understand why the demand for new-construction housing – especially condos – is strong on an ongoing basis. GO CONDO!

People who immigrate to Toronto and the GTA appreciate the high standard of living we enjoy, especially considering the conditions in some of the other countries in the world. They are also used to living in, and raising their families in, high-rise apartments. Condominiums are a natural choice for many newcomers. Add to that the fact that across Toronto and the GTA, condos represent the most attainable price points in the new home market, and between immigrants, first-time buyers and investors, are always in demand.

At Baker Real Estate Incorporated, we know that right out of the gate, our first sales are to investors who know that buying early in the process gets them the best prices and the most choice of suites, floors, etc. Of course, not everyone’s life falls in line with a five-year construction timetable – and the good news is that for those with an immediate need, there is plenty going on with new construction that is built and toward the end of the selling phase, as well as resale condos. The upshot is that there are condos out there for everyone at every stage of life. GO CONDO!

REGISTER NOW FOR THE CITY COLLECTION AT RIVERSIDE SQUARE

28 Monday Sep 2015

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Riverside Square - The City Collection

Riverside Square – The City Collection

The launch of sales at The City Collection is just around the corner. Anyone interested in tremendous condominium value in a prime Toronto location will want to register now. Streetcar’s newest residence in the master-planned Riverside Square community on Queen Street just east of the Don Valley is already attracting enthusiastic interest from the spectrum of new home buyers. With suites starting from the $200’s for layouts from studios to three-bedroom, designs with huge terraces overlooking the city, there is truly something for everyone.

The area is filled with amenities, and Riverside Square residents will be able to walk to an array of shops, cafés, restaurants, a supermarket and more, many on the ground floors of the buildings in this master-planned community. Public transit is at the doorstep, and the downtown core is a walk. Streetcar or really short car ride away. Plus, Streetcar has purchased the Broadview Hotel and is transforming it into an exciting venue coming later this year. What more could you want?

But wait, there’s more! Riverside Square will also encompass a new park within the community, right on Queen Street. All residents in the project will have access to the building’s amenities including a massive gym, a cool urban party room and a rooftop infinity pool with spectacular city views. Every unit has outdoor space, some have huge terraces. Some of the standard features and finishes include 9-foot ceiling heights, hardwood throughout, granite countertops and integrated appliances.

With The City Collection building rising to just 15 storeys, this is a great opportunity for buyers who prefer a mid-size terraced building to a soaring tower. Register now to get in while the full array of suites and views is available. To register, visit http://riversidesquare.ca/

LOOK WHAT’S HAPPENING AT 2221 YONGE!

22 Tuesday Sep 2015

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2221 Yonge

2221 Yonge

The hoarding is up, and demolition is set to begin to make way for construction on 2221 Yonge, Tower Hill Developments’ exquisite condominium at Yonge and Eglinton. What a gorgeous addition to the neighbourhood this outstanding residence will be! With the renowned design team of Manhattan-based Pei Partnership Architects (yes, of the Louvre’s famous pyramid in Paris) and Toronto’s Quadrangle Architects for the outstanding terraced exterior, how can it be anything else?

From a six-storey podium, the building will rise to feature glorious balconies and recessed terraces. Fabulous interiors by the inimitable Munge Leung include Halo, the spectacular amenity lounge on the 56th floor. Just imagine the views! Residents will also have retail venues at the ground level, the epitome of convenience.

Purchasers range from young professionals to seasoned homeowners who want to live in the city but appreciate midtown’s ‘walk to everything’ location. They also discover exclusivity and prestige for competitive prices. For more information, visit 2221yonge.com.

2221 YONGE CONDOS NOW STARRING IN MIDTOWN TORONTO

31 Wednesday Jul 2013

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2221 Yonge ExteriorYonge and Eglinton will no longer be referred to as “Young and Eligible,” now that 2221 Yonge Condos has hit Toronto’s residential scene. People of all ages looking for value and luxury in an incredible locale are discovering the wealth of opportunities at Tower Hill Development Corporation’s newest offering. Prices begin from under $300,000 in this iconic condominium designed by the renowned Manhattan-based Pei Partnership Architects in collaboration with award-winning Toronto firm Quadrangle Architects. Interiors by Munge Leung complete the picture of attainable elegance.

And what a location! The well-established Yonge and Eglinton area is home to an amazing assortment of fabulous amenities. Imagine being able to walk to restaurants, shopping, boutiques, cinemas and even a grocery store. Everyone from first-time buyers to right-sizers can appreciate the vibrancy and excitement of the area. PLUS – with the $8.4 billion infrastructure injection into Toronto’s transit system, the future Eglinton Crosstown LRT makes this opportunity outstanding. In fact, with the local rental market so hot, in a few years, demand is likely to exceed supply. NOW is the time to buy, whether you are looking to live in this convenient spot or invest.

The design for 2221 Yonge is iconic, with a unique roofline and cantilevered wraparound balconies providing magnificent outdoor spaces for residents to enjoy. Among the amenities is one of the finest Zen-like residential spas in the City, offering not one, not two, but three pools (hot, warm and cold).

2221 Yonge Port CochereMidtown Manhattan may get a lot of press, but Midtown Toronto is coming into its own with a lifestyle that rivals New York City. And with Yonge and Eglinton featuring so many existing amenities, residents will avoid all the growing pains of many cosmopolitan neighbourhoods in transition.

I just know that when this building is delivered in a few years, people who are intelligent enough to get into 2221 Yonge today will be glad they had business acumen to invest so wisely in their future. To find out more, visit 2221yonge.com or call 647-350-2221.

THE TEST OF TIME – PART 1

25 Thursday Jul 2013

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When it comes to purchasing a suite in a condominium, you want to buy with confidence – and one of the best ways to do that is to choose a builder/developer with a proven track record for success. We are fortunate to have many long-time builders offering gorgeous condos across the GTA, many who have been in business for decades. This means they have ridden out numerous economic cycles and are still thriving, so you can count on them to come through with beautiful buildings and excellent service. Baker Real Estate Incorporated is proud to represent all of these esteemed firms.

2012_10_03_12_11_09_modrn_aerial_lrSpanning three generations of entrepreneurial visionaries, the principals at ADI Development Group have been building worldwide since the 1960s. ADI’s The Mod’rn Condominium is an attractive four-storey residence in Burlington, minutes from the lake.

E Condos

Renowned for offering exquisite condominiums to prime locations, Bazis International is bringing spectacular architecture to Yonge and Eglinton with E Condominiums, to Yonge and Sheppard at Emerald Park, and to Bloor Street across from the ROM with Exhibit Residences.

Longtime favourite Broccolini Construction Inc. is currently in sales mode at Park Towns at Bayview and Sheppard. One of Montreal’s foremost industry families, this firm has served the residential, commercial and industrial markets of Ontario and Quebec since 1949.

Exterior

CITYZEN Development Group, Fernbrook Homes and Diamond Corp are preparing to bring a master planned community to King West at Strachan called Garrison Point. CITYZEN is well known for building luxury landmark residences in the GTA; Fernbrook has earned a reputation for excellence over the past 30

years, boasting garrison point thousands of homeowners in dozens of signature communities. Diamond Corp. has been committed to progressive city building through a legacy and tradition of quality and innovation.

liberty district condos

 

Award-winning Context Development was founded in 1997 and continues to offer innovative condominium residences in downtown Toronto, including Library District Condominiums in Toronto’s Downtown West and Market Wharf, just steps from the St. Lawrence Market.

 Dundee Kilmer Developments is developing the Athletes’ Village at the West Donlands for the Toronto 2015 Pan/Parapan Am Games. Following the games, the area will become Toronto’s most ambitious city-building project in generations, with the cutting-edge residence rebranded as the Canary District Condominiums. Established in 1994, Dundee Realty Corporation has become one of Canada’s leading real estate companies.

Canary District Condominiums

Stay tuned for more…

NOIR – A BRIGHT SPOT IN TORONTO’S ENTERTAINMENT DISTRICT

02 Tuesday Apr 2013

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noir condosIt’s being referred to as “The New Black,” and it’s coming soon to 87 Peter Street. Menkes’ Noir Condos will offer dazzling residential opportunities between King and Adelaide Streets, in the heart of Toronto’s Entertainment District. Imagine a stunning 49-storey condominium surrounded by the city’s most exciting entertainment venues, restaurants and galleries – and within walking distance to the St. Andrew subway station and Bay Street! TIFF Bell Lightbox and the Royal Alexandra Theatre in one direction, the Financial District in the other – Noir will form the perfect bridge between fun and business.

With an edgy exterior by hot Toronto firm Core Architects, and suite and amenity designs by the inimitable Mike Niven, Noir is sure to turn heads with its aesthetic appeal. Exuding a flirtatious urban vibe, Menkes’ newest condominium will include a theatre lounge with cool pod seating, a billiards/gaming parlour, fitness facilities and yoga studio with a walkout terrace, and a decadent water spa. It will be a veritable haven in the midst of the best our city has to offer.

Purchasers will be able to select from an array of well-appointed suite designs, from compact studios to sprawling three-bedroom layouts – perfect for everyone from young professionals to growing families and empty-nesters. Sizes will range from 449 to 826 sq. ft.

If you are seeking sleek, modern, sophisticated living in the hub of the city, register NOW for Noir Condos at http://www.menkes.com.

THE CONDOMINIUM-CORPORATION CONNECTION

06 Tuesday Mar 2012

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I do a lot of writing on why condominiums offer such a great lifestyle option for individuals and families of all ages and circumstances. In fact, owning a condominium suite can also be the perfect solution for multinational corporations that have business executives flying into Toronto and the GTA for meetings on a regular, or even semi-regular basis.

At Baker Real Estate Incorporated, we get a lot of inquiries about this scenario, especially in the Financial District, where so many of our bankers, lawyers, stock brokers and other professionals have offices. They are looking into acquiring furnished condominiums in good locations. In addition to being cost effective when compared to renting rooms in top-quality hotel, putting up colleagues in a condominium suite gives travelers more of a sense of “home” than in a hotel room, no matter how luxurious it may be.

In a condo suite, a visiting businessperson has more privacy with a separate bedroom, flexibility of dining possibilities with a full kitchen in which to prepare food, a main living area that is spacious and comfortable, as well as the use of the building’s amenities. And we all know that today, those facilities in condos are absolutely gorgeous.

The ever-versatile condominium continues to delight and fascinate me – and obviously the majority of the new home-buying marketplace, considering the huge market share condos currently command. For a weary traveler, a condo suite can be a wonderful place to call “home” while away on a business trip!

ANOTHER WHIRLWIND YEAR FOR CONDOS

23 Tuesday Aug 2011

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Over half of 2011 is behind us, and the market for new condominiums is as sizzling hot as our summer temperatures!

The heat has been building since last year. According to RealNet statistics from BILD, new condominium suite sales in 2010 were up 30 per cent over 2009 to achieve the second-best year ever for condos. High-rise sales also accounted for 55 per cent of all new home sales in 2010, which established a new record.

The year 2011 has been a whirlwind, with high-rise records being set at an astounding pace. In January, sales reached their second-highest level for that month since 2000 – a great start to the year.

February was record breaking again, as there were 2,202 new condominium suites sold – the first time ever that sales exceeded the 2,000 threshold in that month. This was 36 per cent better than February 2010, and in fact, condo sales accounted for more than six out of every ten new home sales in the GTA.

March sales brought the first quarter of 2011 in line with that period from 2010. This led to the best April ever for new condo sales, which were up 89 per cent over 2010. Topping off this achievement, the 3,249 condominium suites sold in April amounted to the third-best monthly condo sales tally on record! And 64 per cent of all new home sales in April were high-rise condo suites, which is in itself a record-high monthly market share.

Then May came along, with high-rise sales up 50 per cent over last year – the best May ever for new condominium sales! In June, sales of new-build condos rose 62 per cent over 2010. This brought the sales of high-rise condominium suites up 39 per cent over the first half of 2010.

Phew! And if our Baker Real Estate clients’ busy presentation centres are any indication, the rest of the year will keep the momentum going.

This phenomenal success makes sense, with condominiums offering affordability compared to low-rise homes, a carefree lifestyle that appeals to the spectrum of the market, spectacular locations that are both beautiful and convenient, fabulous building designs, and extremely high levels of features and finishes. In 2011, the trend is to GO CONDO!