155 Cumberland - Brings Flare to Yorkville

155 Cumberland - Making a Yorkville Landmark

Here is the masterpiece of the Cumberland/Bloor Strip in all it's glory. One of the most facinating buildings ever constructed in Toronto and a true landmark this city is always craving for. The Building was designed and built by Quadrangle Architects and won numberous awards. One of the awards which the firm won was the Royal Architectural Insitute of Canada's, Award of Excellence for Innovation in Architecture.  The building has been described by the firm as 2009 House on top of 1960 house. As the original building was built in 1960, which the completed edition finished in 2009. In fact the lower portion of the building is actually office, while the upper floors are ultra luxury condos.

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.