Construction Has begun on "The Mercer" at 8 Mercer. This building is actually being built over a historic structure in the heart of the Entertainment district just south of Restuarant Row. The area is currently home to some of Toronto's more glamour nightclubs, and it sits just steps away from the trendy King Street West Strip and the Toronto International Film Festival Building and Tower. The Entertainment District is on the up and up. Seems like there are more condos under construction in this section of downtown than anywhere else, including Southcore. Some of the more notable projects include, Tableau, Noir (Menkes), The Bond, and Picasso.
apartment for rent
The John Street Entertainment Boulvard.
The John Street Entertainment Blvd, which is currently in the works will Run down John Street from the Ar Gallery of Ontario at Dundas, south to Front. It will have reduced car traffic, and wide sidewalk promenades. It will pass The Mercer at King and John. Which will be the epi-centre of the Entertainment Strip. This area is home to the Much Music Building at 299 Queen West, the NFB Building, The Toronto International Film Festival, CBC Television, The Ritz Hotel, and the New Mirvish Gehry Superproject with 3 Supertall towers ranging from 270 meters to 295 meters.
New Trends in Condo Buying Emerging in the Toronto Area
A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.
As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.
Busy Condo Market Boosts Toronto Home Sales
With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.
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