ICE Construction Update - November 21st 2012

ICE Construction Update - November 21st 2012

Here is the latest from the ICE Development by Lanterra at the corner of Bremner Blvd, and York Street by the CN Tower, ACC and Skydome. This picture is of the tower which will evenutally be the tallest tower on the block. It is currently the shorter tower, as the ICE West ha already reached the 49th floor. This tower looks to be up about 25 floors or so, so it still has about 42 to 43 more floors to go, if the mechanical levels are included. The ICE Towers were designed by the Toronto firm Architects Alliance better known by their nom de voyage : aA.

To the south of this project, Tridel has met with great sales success with their 10 York Development, selling out 88% percent of their first run units. That means this will shortly become the busiest construction intersection in all of Canada. As Menkes is also planning on Starting the Monster Development Harbour Plaza Estates next month, building the office tower, and two condo towers, (which are massive by the way) all on spec. Judging by the sales at Tridel, Menkes probably has little to worry about with regards to the condo sales. And Toronto's office market sitting at just 5% should be enough to protect them from disaster as building on spec usually leads to companies going under (bankrupt) or worst!

ICE Condo Construction Update - August 26th 2012


ICE Construction Update - August 18 2012

10 York Breaks All Known Sales Records!! (Condo Market Cooling, Whatever!)

Sales at 10 York Exceed Expectations



From the Star

Anyone pondering the current state of Toronto’s condo market may want to take note of the rip-roaring success of Tridel’s recently launched Ten York project.The 65-storey glass tower — which will rise from a wedge-shaped site at York and Harbour Sts. — has been regarded as a bellwether, a development whose sales performance this fall would offer an indication of the health of a condo market that some analysts believe has become oversupplied.


Of the 600 units at Ten York released to date, 532 had been sold as of early November. If the Toronto condo market is cooling, “you sure as heck wouldn’t have known that from what was happening at our sales office,” notes Jim Ritchie, Tridel’s senior vice president of sales and marketing.

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.