Hong Kong Style Density: The Model For Toronto?
Would Hong Style Density be a good model for Toronto Skyscraper growth, and urban renewal. Mind you that Hong Kong, and Chinese Cities seem to have a far more chaotic layout and pace than gentle Canadian Cities. However, one has to marvel at the efficiency of Hong Kong, and other Chinese Cities when it comes to getting people around town. Now, I understand that the days of thousands of people riding down the streets of Chinese cities on bicycles have long gone, as a newly rich China has been using its new-found wealth to purchase luxury vehicles for the masses, it’s us here in the supposedly old rich countries that are the ones resorting to using bikes to get around our cities.
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.
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.
Southcore has been on a crazy run lately, even in the midst of the condo sales slowdown there have been new success with the release of Tridel's Ten York, and the start of construction on three major towers by Menkes which includes, 1 York, and Harbour Plaza Residences 1, and Harbourplaza Residences 2. Even now as we speak there are countless projects under construction in Southcore it will loath me to name them all. However, this is a skyscraper site, and it's my job to find out what's going on and list it here. So that is what I'm going to do. Each project listed on this site that is currently going up in Southcore will be listed here for your benefit and convenience. There is the chance, I will miss something however, I'll likely get back and create a post on those that don't have one, at a later date.
Proposed Towers Being Developed in Southcore:
1 York Office Development : by Menkes
Ten York Residential Development: by Tridel
Harbour Plaza Residences by Menkes
Harbour Plaza Residences 2 by Menkes
45 Bay Street by SITQ
Towers Under Construction in Southcore
ICE Condo - Tower 1 by Lanterra
ICE Condo - Tower 2 by Lanterra
Infinity Condos
Southcore - Delta Hotel - BC-IMC
Southcore - Premner Tower - by BC IMC
Built Towers :
Telus House
18 York - BC IMC
Maple Leaf Square - Tower 1 - by Lanterra
Maple Leaf Square - Tower 2 - by Lanterra
Pinnacle Centre - by Pinnacle
1 Yonge Street
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