St. Lawrence Neighbourhood Takes Off With New Development
The St. Lawrence Neighbourhood, has become one of the prime sections of the city which has welcomed new Condo Development. The catalyst for this regeneration is the rebuilding of the North Side Building of the St. Lawrence Market, which has been won by an international design firm Rogers Stirk Harbour and Partners. I've posted a rendering of what the new project will look like below. The building is expected to be completed and in use by 2014.
Also Changing the Neighbourhood, are massive condo developments which will bring a flood of people to the area. Amoung them, I have listed a few projects worthy of aclaim, for their design merit, and their transformative values for the area.
London on the Esplande
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.