Aura Construction Update

Aura Construction Update

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This is the latest construction update on the Aura Condo Tower taking from College Park, as I was walking towards Bay Street yesterday. I keep hearing that the curving curtainwall section has begun construction, but I'm still having some difficulty seeing this. However, within the next few days it should begin to reveal itself, as the tower moves further up, and the concrete construction forms begin to move up the tower, and we can see the completed concrete sections of the Tower.

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The Aura Tower is a landmark development for the City of Toronto, and for Yonge Street. It is built near one of the most rundown sections of Yonge Street, that has very little to offer in terms of entertainment and other activities. With the coming of this condo tower, it's mall, its new restaurants, and it's connections to College Park. This should really bring up the standards of the area, and encourage other area businesses to bring up their game and/or develop re-develop their properties.

Developer : Canderel Stoneridge
Height: 78 Floors and 273 meters
Size: 1.4 million Square feet of internal space

Cooling Housing Market Seen As Healthy for Toronto Condos

As sales have declined from the historic highs of 2011, which as I have repeated on this blog was a record year for home and condo sales. So there was likely to be some pull back this year, and of course the doomsayers will jump on this as the Apocalypse heading our way. Read More

Aura - and Dundas Square Get Ready For Grey Cup

Aura Construction Update - November 21 2012

Photo from the Nissan Fan Celebration at Dundas Square gearing up for the Grey Cup festival this weekend, that will also involve the Toronto Argonaunts vs. the Calgary Stampeders. Aura sits in the background, nearing the halfway point of construction. (Structural) In the foreground, you can see the Fan Family Zone, where kids (and adults) can play some football in the centre of the Retail Square (Dundas Square) I actually saw, some people from Calgary here, it was cool, but I was wondering where their horses were. (Shouldn't they have brough some Horses, and then ridden them into the Royal York Foyer?) Anyways enough of my regional bickering. It's a celebration for all Canadians. Except "There Can Only Be One!"

... just like the Highlander!

apartment for rent


The Aura Tower will rise somee 78 floors and 273 meters, here are some earlier updates you can check out if you so desire:


Aura Construction Update - August 20th 2012


Aura Construction Update - September 16th 2012

Aura Construction Update - October 2012

Aura Condo - Looking Straight Up Yonge Street

Aura Condo Update


Here is the latest Aura Update

The Toronto Condo BoomWithin the past 15 years downtown Toronto has been transformed by the largest urban construction wave since the 1920s and 30's Manhattan building spree that created the likes of the Chrysler and Empire State Buildings. Toronto's boom is profound and has lead great and not so great minds to ponder the impact of hundreds of towers and skyscrapers built within the core within a short period of time. There are benefits, yes and there are also concerns of capacity and infrastructure. Which takes precedent? A mobile car free workforce, none transit dependent young professionals or an ageing underground sewer and transit infrastructure that can't keep pace. There's no easy choice I guess, choose one or the other, no in between. Doesn't have to be that way I hope. Look south to that future island in the sea, to see our future. No doubt.

Toronto Condo Market - Steep Decline from Huff Post Canada

The evidence is building that Toronto’s long-booming condo market is experiencing a sudden and sharp downturn.

Market research group Urbanation reports that new condo sales in Toronto fell 30 per cent from the second quarter of this year to the third. The year-on-year decline was even steeper: There were 3,317 condo sales in Toronto from July to September of this year, down from 6,318 condo sales in the same period of 2011 — a 47.5-per-cent drop.

If current sales rates continue, new condo sales will be 35 per cent lower this year than last, Urbanation said.
The research group says developers are reacting quickly to the drop, and pulling back on new projects.

“With slowing sales and a record level of unsold inventory in the market in the second quarter, condominium developers reacted quickly by delaying their project launches, especially in the ‘416’ area,” Urbanation executive VP Ben Myers said in a statement. “Just five projects launched in Toronto in Q3-2012, as developers chose to review their pricing assumptions and unit mix”.