77 Charles - Construction Update
Latest construction update from one of the most upscale condo projects in the city and in the heart of south Yorkville, this tower has units that start at $2.1 million and yes that's the low end for this ultra luxury building -
The building is located at Charles and Bay which is the main intersection across from the One St. Thomas condo.
Latest construction update on 77 Charles in Toronto's trendy Yorkville Neighborhood. This is a condo for the jet setting corporate exec's that roam the streets of Toronto's Financial District.
The building is rare that is one of the few curtain wall condos in the city. Curtain wall is more expensive than window wall.
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.