Latest 300 Front Construction Update

300 Front Street Condo Construction

Tridel
Wallman
54 floors
158 meters

The Entertainment District

The Entertainment District is the Toronto of Tomorrow teaming with people, vibrancy and life. A warehouse aesthetic topped with soaring condo and office towers. What we see there now is the beginning of a grand and bright future, a bladerunner style fantasy world where commerce and electronics merge.

This will be the Toronto of Tomorrow. In fact the Allied Queen Richmond Centre, Picasso, Tableau, Noir and 300 front are all the laying the groundwork for an exciting future to the west of the main downtown core. Let's hope they keep some entertainment in the Entertainment District.

Toronto Construction and Condo News:

Toronto Condo Prices Begin To Cool

Toronto has become the tale of two housing markets — high-rise condos where sales, and now prices, have been slumping and houses where prices continue to defy gravity.

After almost a decade of almost unbridled demand and price growth, the GTA housing market is in slowdown mode and unlikely to show any marked recovery until the second half of 2013, according to a market outlook report from the Canada Housing and Mortgage Corp.

But exactly where things are headed depends on whether you are gazing up at sky-high glass-and-steel condo towers or down tree-lined residential streets.

Sales via MLS were down 15.6 per cent across the GTA last month compared to October of 2011 (or 7.1 per cent if you factor in the impact of two extra business days this October over last along with the vagaries of reporting estate deals).

But the continued overall strength of the house market — even in the face of easing sales — has helped mask a marked downturn in condo demand that’s been picking up steam since last spring.

“I believe the slowdown we’re seeing has largely been caused by the tightening of financing rules and is a short-term shock which is basically going to take some people out of the market for a year,” until they can save up a bigger downpayment, says veteran realtor and condo developer Brad Lamb.

“The single family home market is another thing. There’s not a lot of new supply coming there (unlike the GTA condo market where about 50,000 new units are under construction), so prices will continue to rise.”

Modest employment growth, “headwinds” from the tighter mortgage rules and a drop in both new home and condo construction are likely to be the hallmarks of the housing market until the second half of 2013 as demand cools, says CMHC.