Toronto Condos

Here are new Toronto East-Scarborough Condos. Several of these new Condo projects are lofts and a few are in new areas like Leslieville that are attracting a lot of buyers.

Pictured is the MintoSkyy, a great location with downtown Toronto in the background.

Leslieville Lofts
Location: 150 Broadview Ave.,
Builder: Hyde Park Homes and Lamb Developments Corp.
Size: 9 storey-153 units
Occupancy: March 2010
Web: www.leslievillelofts.com

MintoSkyy:
Location: Broadview and Pottery Rd.
Builder: Minto Urban Communities
Size: 26 storey-198 units
Occupancy: March 2010
Web: www.mintoskyy.com

The Printing Factory Lofts:
Location: 201 Carlaw Ave.
Builder: Beaverbrook Homes
Size:  8 storey conversion with 254 units and 44 stacked townhouses
Occupancy: February 2009
Web: www.theprintingfactorylofts.com

Rivertowne Townhouses:
Location: 825 Dundas St. E.
Builder: Intracorp
Size: 187 Stacked Townhouses
Occupancy: Summer 2009
Web: www.rivertowne.ca

Worklofts
Location: Dundas and Carlaw Ave.
Builder: Lamb Developments
Size: 11 storey-151 units
Occupancy: December 2009
Web: www.worklofts.ca

Kilgour Estate Condos
Location: 50 Kilgour Rd.
Builder: Daniels Corporation
Size: 7 and 8 storey-428 total units
Occupancy: Phase 1 immediate
Web: www.kilgourestate.com

Altitude Condos:
Location: Ellsmere and Mccowan Rd.
Builder: Conservatory Group
Size: 26 storey-222 units.
Occupancy: November 2009
Web: www.conservatorygroup.com

EQ1 At Equinox Condominiums:
Location: Town Centre Court
Builder: Monarch Construction
Size: 36 storey- 336 units
Occupancy: March 2009
Web: www.monarchgroup.net

Legends At Tam Oshanter
Location: Kennedy Rd. and Boris Ave.
Builder: Tridel Corp.
Size: 28 storey-247 units.
Occupancy: Immediate
Web: www.tridel.com

Red Condos:
Location: West of Mcowan Rd.,
Builder: Monarch Construction
Size: 40 storey-369 units
Occupancy: December 2010
Web: www.monarchgroup.net

Skyscape Scarborough Condos:
Location: Ellesmere Rd.,
Builder: Conservatory Group
Size: 19 storey-228 units
Occupancy: Summer 2008
Web: www.conservatorygroup.com

Solaris At Metrogate Condos:
Location: 2055 Kennedy Rd.
Builder: Tridel Corp.
Size: Two 40 storey with 427 and 439 units
Occupancy: Late 2010
Web: www.tridel.com

Summerside Condos:
Location: Deans Dr.
Builder: Mattamy Homes
Size: 92 three-storey condominium townhomes
Occupancy: March 2009
Web: www.mattamyhomes.com

Wilshire On The Green:
Location: Fairfax Cres.
Builder: Willowfield Homes
Size: 7 storey-198 units
Occupancy: September 2009
Web: Not Available

Search Toronto East-Scarborough new and resale Condos on my Toronto Real Estate web site.

Housing markets across Canada should cool down this year and in 2009 with lower sales, construction and price growth from Vancouver to Halifax.

Canadian real estate has seen an average 10 per cent gain over the last five years, but the demand in the Western provinces like Calgary and Edmonton has started to cool with prices trending lower.

Although Toronto home sales have fallen for the first three months, a Spring rebound is forecast with renewed moderation to follow.

A TD Bank economist does not see a major housing correction in the near future. Even with a Canadian economic slowdown with growth forecast at 1.1 per cent, the Bank of Canada will be prompted to lower its benchmark overnight interest rates.

The overbuilding of Toronto Condos, North Americas largest site, the possible increase of rising mortgage rates and Condo purchases made for speculation are all a concern to the future market.

The TD Bank is forecasting Ontario home prices to increase by 4.4 per cent in 2008 and 4.1 per cent in 2009.

With Toronto Condos becoming a much larger segment of the total Toronto Real Estate Market, we wait and see if the price increase in Condos will exceed the price increase in single detached homes

Three developers have signed on to make Toronto Condos more bird friendly. Toronto’s bright lights attract and confuse migratory birds that crash into the towers and fall to the streets below.

Its estimated that over 10,000 birds die according to Fatal Light Awareness Program,(FLAP).

The three Toronto Condo developers, Monarch Corp., Menkes and the Henderson Group are the first in Canada to build and design ”bird-friendly” condos.

Migratory birds are drawn to brightly lit Condo buildings like these on Queens Quay West as they reach landfall in the dimming light.

By using various available technologies like dull reflective glass, visual markers and redirecting or eliminating outside lights, these developers hope to eliminate the death of migratory birds.

Toronto Condo shoppers headed to the closest sales centre in February,2008 to view nine new Condominium openings in the first two months compared with five in the same period last year.

There was a record-breaking annual unit sales of 22,654 in 2007 compared to 16,114 in 2006 and 16,224 in 2005. This resulted in an annual unit sales increase of 40 percent.

Toronto Condo prices rose 11.3 percent in the new sale market and 15.1 percent in the resale market over 2006 prices.

Toronto’s Luxury and Super Luxury Condos selling for more than $600 per sq. ft. are starting to come on to the market as well and these 3,784 new units sold for an average $844 per sq. ft. in 2007.

The average non luxury new Condo project was averaging $360 per sq.ft in 2007. There was also a substantial increase in the resale Toronto Condo market rising 15.1 percent to $320 per sq.ft. in 2007.

The new Toronto Condos pictured above are downtown Toronto just a short walk to the Harborfront and the downtown city core. New Toronto Condo Listings in this same area (C01) can be found on my Toronto Real Estate website that includes new Lofts as well as new Condominiums.

Sales Data: Urbanation

Researchers at Cornell University have found a strategy they say results in higher selling prices that could relate to your Toronto Condo for sale.

List your Condo at a precise number. To gain the best selling price do not ask for a round figure of say $328,000; go for $327,300 that is just $700 cheaper but appears much more affordable.

These researchers looked at data from South Florida and New York’s Long Island and they found homes and condos with zeros at the end of the asking prices sold for less than the homes not priced with round figures.

I am always looking for new Toronto Condos to list on my Toronto Real Estate website and would be glad to offer a free evaluation and price  strategy to potential Condo and Loft sellers.

Higher selling prices for resale Toronto Condos were a substantial 15.1 percent increase from $278 per sq.ft. in 2006 to $320 per sq. ft. in 2007.

Queen’s Quay Terminal Condos was one of Toronto’s first conversions of a former industrial building and now is home to commercial, office and residential condominiums.

This exciting location on Toronto’s waterfront has special retail stores, restaurants and cafes and a Premiere 450-seat Dance Theatre.

Along with the 429 offices, 75 retail stores and 4 levels of condominiums there is a Sobey’s Grocery store.

Queen’s Quay Terminal was built in 1926 and renovated in 1983. It has since won many design and development awards including 2006 BOMA Canada/Toronto building of the Year Award and a Go Green Plus Environmental Award.

A perfect example of a heritage building under the Historical Building Category holding its own against countless new luxury condos in the very same downtown waterfront area.

You might just find one of these Condos for sale or rent on my Toronto Real Estate website.

There was a surge in Toronto Condos construction in January 2008, giving Canadian housing a huge start even as the US real estate market fizzled.

Multi unit construction was up 64% compared to a decrease of 4.85% of single unit starts.

Toronto Condominium starts in January, had an increase of 95% to a seasonally adjusted and annual pace compared to December 2007. The Toronto Home Builders are forecasting a start to the large backlog of high rise Condo projects that will increase overall sales in the coming months.

Toronto Condos are now the biggest market for any North American city. This should help go against the national declining trend forcast by the Canadian Mortgage and Housing Corp.

Canada is in better shape than the US market due to healthy employment levels, lower mortgage rates and increasing income gains.

Click on the photo and you will see a South view from Yonge and College towards the Lake. Thats the Eaton Centre in the foreground and further, the bigger Bank buildings. Just to the bottom right is where the new Aura:Residences of College Park 111, will be constructed, a welcome addition to Yonge and Gerrard.

Economists are saying housing is to become more affordable in 2008 due to the easing of house price growth and falling interest rates that should make mortgages cheaper.

As a result of strong job markets and low mortgage costs, Toronto Condos will be more affordable and help younger people get into the 2008 Condo market.

Nationally the new home prices for 2007 from Statistics Canada were as follows:

Saskatoon: 45.1%

Regina: 25.9%

Edmonton: 21.5%

Montreal: 4.1%

Vancouver: 6.4%

Calgary: 6%

Toronto: 3.4%

New home prices across Canada rose 6.2% in 2007, down from a annualized pace of 12.1% posted in August. Existing home prices for 2008 should moderate to about 2% to 3%.

Condos are now filling the gap for new home buyers that can not afford to buy into the increasing house prices. Financing options of up to 100% of the value of a home are also helping younger purchasers find a home.

In Toronto Condos are now 52% of total new home sales and that percentage is sure to increase even further in 2008.

Wealthy foreigners are buying ultra luxury new Condos in Toronto like the residences at the Ritz-Carlton, Trump Tower, and the Four Seasons. Most of these Condos are selling for over $1000 per sq. ft.

The demand for five- star hotel/condo residences  in Yorkville and downtown are enhancing and renewing Toronto by the facilities these projects themselves offer and by the other restaurants and bars that will soon compliment them.

Bloor Street West between Yonge and Avenue Rd. is an example of the new development of luxury designer stores and boutiques that will eventually satisfy the demand for these new residents.

This urban renewal continues with the remodelling and expansion of the Royal Ontario Museum, the Gardiner Museum, the Art Gallery of Ontario and the exciting new, Four Seasons Centre For The Preforming Arts.

Foreigners are now finding Toronto is an excellent city to diversify their assets away from the US-dollar and this will greatly help the developmental growth of our city.

Toronto Luxury Condo Buyers now have a choice in buying a new curtain-wall glass technology in Yorkville.

The Florian will be a luxury 22-storey luxury Condominium located in Yorkville, due to start construction in May of 2008. This new glass technologywill be visible at the corner of Davenport Road and McAlpine St. according to the builder Diamante.

You could say that this luxury Condominium will add a touch of “Glass” to Yorkville. Diamante is the first builder in the world to adapt this current-wall technique to residential projects.

This new Condo development should add to the many new Condos like the Four Seasons and others, in enhancing the popular Yorkville area.