We like to talk about Toronto’s suburban areas, mostly built up in the 1960s through 1980s, as a sea of single family homes, and for the most part—as with the majority of other Northern American metro areas—they are. Unlike many other metros on this continent though, Toronto’s suburbs have always come with a good helping of multi-storey apartment buildings as well. Usually located on arterial or collector roads, our apartment stock was mostly built in “tower in the park” style, with the buildings rising from amidst vast lawns and surface parking lots.
Our thinking on this style of development has changed. The vast green spaces were often barely used, adding nothing to community life, while retail was suddenly too far to walk to. We understand the value of density better now, along the with importance of creating streets aimed more at pedestrians and cyclists, and not simply at the private automobile. We also understand that development along transit lines benefits the new residents at the micro level and taxpayers across the city at the macro level.
While we are looking at a whole neighbourhood-sized transformation of such an area in another article on UrbanToronto today, at the same time, a more intimately scaled intensification project is taking place kilometres across the city to the west. Cloud9 Condominiums in northern Etobicoke represents a major step in the right direction for smaller tower-in-the-park developments.
The 12-storey boutique-style building at the northwest corner of Kipling Avenue and Esther Lorrie Drive is being built nestled up alongside both roads, on space that once served as a vast under-utilized lawn for two 7-storey apartment buildings. Those existing buildings sit above the West Humber River valley, part of Toronto’s extensive ravine park system, which defines the northern and western edges of the property here. While improvements to the existing rental buildings are under way, ground-breaking for Cloud9 Condominiums took place this week.
Digging in at the Cloud9 ground-breaking were Paul Meecham, Carttera Private Equities Inc; President Larry Blankenstein, Sales and Marketing Manager Heather Hamilton; and Vice President of Construction Serge Mazzuca, from Lash Group of Companies.
So, while UrbanToronto lies to talk about urban conditions and intensification, what will Cloud9 offer?
The welcome addition of this new condominium will not suddenly transform this neighbourhood into downtown: Cloud9 will still offer plenty of surrounding green space. The property—as noted above—rests above the West Humber River, and it will always be there, giving residents fast access to the countless miles of ravine park bicycle trails and walking paths that knit their way through this metropolis. While Humber College’s main campus is a short bike ride away along the river to the west, you can get there by bus too, without even transferring. Most TTC buses, right outside the door, head straight to the subway, either to Kipling station on the Bloor line or Wilson station on the Spadina line. If you’re driving, you’re close to Pearson Airport, lots of shopping, and major highways.
The building sports a modern design by Richmond Architects, while Tanner Hill Associates are responsible for the well laid-out suites and inviting amenities. Residents will appreciate year-round an indoor/outdoor swimming pool, along with fully-equipped fitness facilities, an outdoor terrace with barbecues and lounge seating, and an al fresco kitchen and rooftop fireplace.
A number of suites remain remain available. Suburban land prices mean that one-bedroom, one-plus-den, two-bedroom and two-plus-den layouts are affordable, starting from the low $200s—and that price includes parking and a locker!
Over five decades, the Lash Group of Companies has developed more than 5,500 homes throughout the GTA and Florida, as well millions of square feet in the industrial and commercial sectors. They have significantly contributed to the revitalization of the St. Clair West strip near Bathurst Street with projects that include 500 St. Clair West, 530 St. Clair West, and the Rushton, while Downtown their portfolio also encompasses The Fashion District Lofts at Bathurst and Adelaide.
They are now bringing their expertise to Scarborough at “ME” and Cloud9 in Etobicoke. You can get more information on this project, and ME, from the UrbanToronto dataBase files, linked below. Want to talk about it? Choose one of the associated Forum thread links, or leave your comment in the space provided on this page.
The Thompson Residences building does not look yet like the bold modern condominium block that it promises to be: the bold Saucier + Perrotte design of staggered protrusions and recesses currently awaits many more months of construction to lift th…
From renderings, Eau du Soleil is one of the most instantly recognizable projects launched in Toronto in the last year. The two-tower project with the tapered linking podium will make for an unmistakable silhouette on the Humber Bay Shores skyline once it’s built, taller than any other building in Canada outside a downtown location, and with one of the most scenic location this side of the rockies.
That’s a big claim to make, but when you’re going up 66 storeys beside a park-fringed great lake, and across the bay from one of the most spectacular skylines anywhere, it’s not a tough one to argue. Certainly the hundreds of purchasers in the approximately 750-unit first tower are on side with that: Empire Communities launched the Richmond Architects and Zeidler Partnership Architects-designed building at a time when sales were said to be down, but the market knows when there’s something special out there, and the sales have been great. Successful enough in fact that the second tower at Eau du Soleil is now officially in sales too.
The 46-storey Water Tower—so called as it’s the one closest to the lake—features about 330 units, and will share in the same extensive amenities as the taller Sky Tower, while having it’s own special water retreat on its top floor. Approximately 40,000 square feet of indoor and outdoor space is set aside across the complex to extend your living space far beyond your suite. To be located on the top 2 floors of the podium between the Sky Tower and Water Tower, the amenities will include a salt water pool with hot tub, fitness room, spinning room, CrossFit training zone, yoga room, treatment room, outdoor terraces with BBQs, multiple theatres, guest suites, gaming room, party rooms, business/board rooms and even an outdoor multi-purpose ‘Sky court’ for modified tennis or basketball.
It’s that long feature list which drew a crowd to the recently erected sales pavilion on Marine Parade Drive where the towers will be built. Not long from now — on Saturday, September 28 — those who have registered at Empire’s site for the building will have their chance to choose their suite and their view. If you want to have the greatest selection of suites available, the place to leave your name is here.
Residents at the development will find that not only are miles of lakefront trails, parklands, and aquatic activities practically at their doorstep, they’ll also find that a walkable neighbourhood with all the day-to-day necessities is coming into being too. With every new building opening in the Humber Bay Shores area, more retail, services, and restaurants are opening in the area: most notably, kitty-corner across Lake Shore Boulevard from the project will shortly be a full Metro grocery store. Eau du Soleil is bringing its share of neighbourhood amenities too, with shops facing both Lake Shore Blvd. West and Marine Parade Drive. This is gong to be quite the area.
Want to know even more about Eau du Soleil? Our dataBase entry for the project, with many renderings, more sales information, and access to the official website, is linked below. Want to talk about the project? Choose one of the associated Forum thread links, or leave your comment in the space provided on this page.
When we think of waterside homes on UrbanToronto, we normally think towering new buildings on the shore of Lake Ontario. We tend to forget that there are other lakeside experiences in the Greater Toronto Area, and for those who want something a little more laid back and closer to the land (and water!), there is that rare option too. Perched along the tranquil waters of Lake Simcoe, Fortress Real Developments and the Augustine Group are working to create just that sort of a cozy resort-style condominium community in Keswick. Located where the lazy Maskinonge River empties into the lake, Crate’s Landing will appeal to those who want to relax when they get home, and enjoy all of the amenities of waterside living.
Even though it will seem like a world away, the extension of Highway 404 means that Crate’s Landing will only be 20 minutes from Aurora and Newmarket, or 40 minutes from Toronto. You can be downtown in 60 minutes. With just a short stroll through Keswick you’ll find shops, boutiques, restaurants, a hotel, and even a neighbourhood pub. This is small town countryside living with big city accessibility.
Inside, the suites promise comfortable, modern living. The stylish and luxurious units are available in one, two or three bedroom arrangements, all featuring state-of-the-art appliances, intricately designed cabinetry and a wide array of flooring options. Each suite also includes a large and breezy terrace or balcony, perfect for summertime barbecues or just reclining in the evening with a good book.
The grounds at Crate’s Landing will be designed with scenic walking paths, connecting residents to all the recreation opportunities the site affords, including a private beach and a dock to moor your boat. Amenities include a multi-purpose party room and lounge, a gym, an indoor lap pool and infinity whirlpool in a gazebo setting, and a tanning deck just beyond the windows.
The Augustine Group is committed to the environment that they will be building in: the structures will be built to adhere strictly to LEED®-Canada certified specifications, initiatives which will reduce energy costs, lower greenhouse gas emissions and deliver an overall healthier environment, both indoors and out. To give piece of mind, nurture the nature just outside, and ultimately to secure purchasers’ investments, a lakeside wetland will be forever protected, no chemicals or pesticides will ever be used on any landscaped area, and in winter no salt will be applied to roadways. When you buy on a lake, you want to know that you have made a sustainable choice. Crate’s Landing makes that promise.
Want to know more about Crate’s Landing? Check out our dataBase page for the project, linked below. It has more information, more renderings, and links to the official site. Want to talk about the project? Choose an associated Forum thread link, or leave a comment in the space provided on this page.
TORONTO – Baby boomers may be looking to trade their traditional single-family homes for the convenience and comfort of the condo craze, but a mass exodus is likely still a long ways off, real-estate experts and recent retirees say. The … Continue Reading
When you buy a new house or condominium in Ontario, you are protected by a warranty guaranteed by a private corporation known as Tarion. Set up in 1976 to regulate the new home building industry in this province, Tarion licenses all new home and condominium builders, sets minimum time standards for after-sales service, and conciliates issues between homeowners and builders.
Not everybody reads the fine print though, so Tarion has been seeking ways to better inform homebuyers of everything they should know before purchasing, and how to remedy any problems afterwards. To that end, the Tarion website has been overhauled to be more informative and easier to navigate.
Howard Bogach, President and CEO of Tarion, wants to make sure that homebuyers have the facts as well as the hype. “While consumers need to research new home builders using a number of sources, we want to ensure we provide as much helpful information as possible. We believe more can always be done to inform consumers while meeting legal, privacy and homeowner interests.”
For instance, purchasers will soon find a revamped Ontario New Home Builder Directory which now includes information on builders who are no longer registered. Earlier initiatives have allowed consumers to search the Tarion website to find out if a builder has had its licence refused or revoked, whether it has one or more chargeable conciliations against its name, and the total dollars paid out in claims by Tarion. If a builder is part of an umbrella group of companies, consumers will soon be able to learn other names under which the builder may be operating and the communities in which it builds.
There’s much more to be found on Tarion’s website, and anyone purchasing a new home in Ontario should familiarize themselves with the information available to them there.
On Friday and Saturday we featured articles that gave some insight into the stunning city views that are drawing new residents to the growing Humber Bay Shores development cluster, rising in southern Etobicoke. Seemingly surrounded by construction sites, Amexon Development Corporation’s recently completed South Beach Condos is now bustling with occupants. The II BY IV Design Associates and Arsenault Architects-designed project is made up of twin 27-storey towers, set behind a 2-storey commercial building fronting onto Park Lawn Road, just north of Lake Shore Blvd.
While the $250 million development’s exterior infuses the typical Toronto glass tower with a just hint of Miami-South Beach Art-Deco flair—best seen in the buildings’ fins up top—II BY IV Design Associates has dialled up the Modern-meets-Deco a few more notches in the common areas and amenity spaces.
A dominant black and white theme is present throughout the building, with splashes of colour playfully thrown into the mix. The lobby’s plush but starkly coloured furnishings and polished marble floor are accented by colourful touches like over-the-top orange chandeliers and vibrant framed prints of Miami Beach’s classic art deco architecture.
II BY IV took a similar approach with South Beach’s amenity spaces, following the theme of dominating black and white furnishings with colourful accessories.
The spaces seen above and below make up South Beach’s part spaces. They include lounge spaces, a large dining/conference room, a more intimate dining space, a demonstration kitchen, and a billiards area.
South Beach’s party rooms also come with an 18-seat theatre, complete with stadium seating and an accessible front row to accommodate residents using mobility devices.
With a rich jogging, cycling and fitness culture growing around the Humber Bay Shores’ many paths and trails, South Beach’s extensive gym facilities, known as The Shoreclub, provide fitness buff residents with a way to stay in shape no matter the weather.
Along with cardio and weight-training equipment, The Shoreclub also features an indoor basketball court and squash court, a yoga and Pilates studio, and an on-site personal trainer who can be booked in advance by residents.
Art Deco touches are not the only homage to Miami beach here; the theme extends to south Florida’s long standing culture of swimming and lounging poolside in the sun.
South Beach’s outdoor pool and patio create the towers’ closest approximation of Miami Beach atmosphere, and we are happy to report that plastic palm trees were not used here to do it, unlike a certain not-to-be-named waterfront bar in downtown’s port area.
The outdoor pool is certainly an inviting atmosphere, but truth is that life north of the 43rd parallel isn’t always sunshine and bikinis, so for the other half of the year when water can’t promise to be a liquid state outdoors, South Beach has an indoor pool, hot tub and kiddie pool, keeping the resort zeitgeist going here all year.
Sons and daughters-in-law can rejoice, because South Beach has a for $100 per-night guest room, making overnight visits from family and friends much easier to cope with.
A bedroom with high ceilings and an almost entirely marble bathroom is all that is needed here, as the building’s amenities are located just down the hall.
Views are a selling point for most condominiums in the Humber Bay Shores area, and this high floor penthouse is no exception. This suite, with modern finishes and enough views for their own article, is currently up for grabs as part of the development’s handful of luxury rental suites. (Look on the official site’s main page for the Available Rental Units link if you are interested!)
The penthouse balcony also offers a great view of the podium green roof, designed by Cosburn Nauboris Landscape Architects.
Also visible from this vantage point is the two-storey commercial fronting onto Park Lawn, which is home to a new café called Avenue Café + Bistro.
Serving up fresh coffee and gourmet grilled sandwiches made with Ace Bakery bread, Avenue Café + Bistro is already becoming a favourite of South Beach residents. Salads, soups, and a range of desserts are other popular items here.
On a first visit here we were tipped off to their green apple smoothie; it’s a total must-try!
The café will soon have even more to offer—a liquor license is on the way—while other spaces in the commercial building will open as the right operators step forward: Amexon only wants the best here, and are looking to add a sushi restaurant, a gelateria, and more in the future.
While the massing, cladding and overall exterior of the towers are for the most part conservative in design, the development is punctuated by distinctive illuminated crowns. Every night, the twin towers are each given a sense of identity, with the west tower glowing blue and the east tower glowing green. The commercial building’s facades glow too, highlighting deco details. We’ll be back at a closer look as the commercial units open.
Want to know even more about South Beach? Additional information including building facts and renderings can be found in South Beach’s dataBase listing, linked below. Want to get involved in the discussion? Check out the associated Forum threads, or voice your opinion in the comments section provided on this page.
Park Towns at Bayview and Sheppard by Broccolini has sold out, and quickly at that, soon after opening sales at the new townhouse complex to the public. The high demand comes as news of slow down in the residential market, yet devel…
by Gyorgy Furiosa
As originally posted on: Daily Anarchist
August 12, 2013
“Libertarianism wants to advance principles of property but… in no way wishes to defend, willy nilly, all property which now is called private… Much of that property is stolen. Much is of dubious title. All of it is deeply intertwined with an immoral, coercive state system.”
- Karl Hess
“Squatting is the oldest mode of tenure in the world, and we are all descended from squatters. This is as true of the Queen … as it is of all the ultimate recipients of stolen land, for to regard our planet as a commodity offends every conceivable principle of natural rights.”
- Colin Ward
Mikhail Bakunin warned that if you make plans for after the revolution, you are a reactionary. Therefore, the following is a speculation to better understand the conflict between anarchist practices and what in our society is held to be the sacred right of property, with the aim of shedding light on how we might agitate and organize to actualize our praxis immediately in our daily lives.
How does squatting – the occupation of disused land and property without legitimate consent – figure in an Anarcho-Capitalist society? And subsequently: can ownership continue in perpetuity despite neglect of the property, or can ownership be legitimately transferred by, as John Locke calls it, ‘the mixing of one’s labour’ with property or land?
In the UK it is a criminal offence to live in a residential property without consent of the owner, however it remains a civil dispute between owner and occupier if that property is registered for commercial purposes. This means that any persons found in occupation of residential buildings can be arrested and criminally prosecuted, whilst those in a commercial building can be summoned to a magistrate’s court to resolve the dispute.
Before this legislation was passed, so-called ‘squatter’s rights’ allowed people without capital or property a reasonable amount of time to prepare for evictions by locating new properties to live in. This established a semi-nomadic community whereby people could shelter themselves for periods ranging from a few days to years in each successive property. The criminalization of squatting in residential buildings has reduced the number of available options for people, but this is still a minimal change when estimates of squatters are conservatively at 20,000 in London alone with over 100, 000 empty properties.
There is also the argument that with the absence of a State, and with the factor of original appropriation, the question of ownership of huge areas of real estate would become debatable. If a historical view is taken of the theft of commonly-owned land during the period of enclosures where armed elites appropriated previously communal property, then the question of original appropriation is thrown wide open. The anarcho-syndicalist perspective is that these lands would be collectivized by groups and retained in commonwealth, whereas an AnCap view may allow for the idea of original appropriation and use rights to come to the fore. Specifically, that lands of questionable ownership would be open for a person or persons to claim the right to use in the absence of property of their own, and that through mixing their labor with the property, they would be able to build a strong case for making a claim.
Fundamentally, the condition of ‘use it or lose it’ would be applicable, and ‘squatting’ would be better known as ‘homesteading’.
Within an AnCap society, any dispute between claims on land could be resolved within one of the private courts of the land, and ideally the ownership decided along the lines of least harm, and most benefit, in accordance with the rule of necessity – that those with needs will do everything they have to in order to fulfil those needs, irrespective of legality. Simply put, ‘use it or lose it.’ As private institutions these courts would be dependent on the support and consent of the people who attend them for adjudication. Thereby a large, organized group of people with common interests – people without land or property for example – would attend and support courts that promoted their interests. Conversely, individuals with large amounts of property would prefer courts sympathetic to their situation. The sheer imbalance of haves and have-nots would lead to certain courts flourishing and others languishing in a truly free market, until equilibrium was reached. Without a State-sponsored police force, and with the threat of coercion through violence removed, the vast abundance of disused property could be redistributed for use by persons in need, for them to attain the capital they need through their labor, and this would be recognized for its value by their societal peers under the principles of property ownership. This will naturally evolve a judicial system very close to how ‘common law’ exists in the UK – a body of precedents evolved from the judgments of peers and respected members of the broader community, rather than dictated by a parliamentary class as in all democracies.
For example, the gutted metropolis of Detroit. What if, upon declaring bankruptcy, the authorities decreed that all the empty properties could be confiscated from their owners – largely multinationals and faceless conglomerates – and given over to whoever can put them to use. The ‘mixing of one’s labour’ would be the defining condition of claim for ownership, as in the days of homesteaders across the American West.
There is a precedent for this. In Holland, up until 2010, it was legal to occupy a building that had been left empty for twelve months. This was a response to a crippling housing crisis in one of the most over-populated areas of the world. It created a pressure on property owners to put buildings they owned into meaningful public use, and allowed those with the need and ability to appropriate empty property for their own purposes.
Currently, the judiciary system in the UK and most other countries are bound by the laws of State that insist that private property is sacrosanct, regardless of the harm and waste it creates. People cannot be allowed to house and shelter themselves if it threatens the interests of capital ownership and development. If it was commonly held that society should be built voluntarily, without permission, then the majority of disputes would be resolved between private individuals without recourse to a court or the authority of the community. As anarchists I would hope we can agree that people, as a commonality, are reasonable and operate along lines of mutual aid and cooperation. It is the insanity of the bureaucratic State that violently defends properties to be left in disuse when the multitude requires them for their own advancement.
As a new release of suites comes on stream at King Blue Condos by Easton’s Group and Remington Group, we are beginning to get a clearer picture of the building’s layout and features. King Blue, designed by Page + Steele / IBI Group Architects will consist of two towers; a 44-storey, 399-unit first phase on the southern half of the site, and a 48-storey, 408-unit second phase to the north. While sales on the larger second phase have yet to launch, phase one is being fully marketed, now including loft suites in the podium levels.
While the north podium will incorporate two restored façades of the art deco 6-storey Canadian Westinghouse Building, it’s in the south podium where the new suites, dubbed the Westinghouse Lofts, will be located. A new museum called Theatre Museum Canada focusing on the history of the country’s live theatre scene will take up the second storey of the podium.
Occupying floors 3 to 8 in phase one’s podium, Westinghouse Lofts at King Blue will feature indstrial loft inspired units ranging from 455 to 953 square feet, containing high quality wood finishes and stainless steel appliances, as well as spacious 9 foot ceiling heights. The finishes further stray from the tower suites with granite countertops, glass shower stalls and designer vanities.
Though renderings of the loft interiors themselves have yet to be released, a look at the floorplans for Westinghouse Lofts reveal a wide selection of suite sizes and layouts including many two-bedroom suites, while one bedroom units predominate. The two-bedroom+media space floorplan seen below is just one of the many new floor plans in our King Blue dataBase listing.
While the marketing for King Blue is more directed at a young, hip demographic, the larger 2-bedroom suites on offer would would be a great fit for small families. Units at Westinghouse Lofts are priced ranging from $286,900 to $642,900. Judging by the buzz of activity seen at last week’s launch, it is safe to say that the brokers, investors, realtors and potential end-users have taken a keen interest in this new release.
Although sales for Westinghouse Lofts are in full swing, and much of the future development’s podium space has now been spoken for, veteran hotelier Steve Gupta may still have plans for a hotel to be included in the project’s north podium. When approached for comment at the launch for Westinghouse Lofts, Mr. Gupta’s daughter Shelley could not comment.
This rendering of the building’s courtyard, seen below, is just one of several new images of King Blue recently added to our updated dataBase listing, linked at the bottom of the article for those interested in exploring.
We will be sure to keep you updated on Westinghouse Lofts and King Blue Condominiums as new details become available. Until then, visit the newly updated dataBase page, linked below, for additional information including building facts and new renderings. Want to get involved in the discussion? Check out the related forum threads or voice your opinion in the comments section provided below.
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The demand for synthesizing large quantities of information and making it readily accessible has never been greater than it is today, and every condo-dweller knows that keeping track of everything going on with their building can be a challenge.
“bazinga!“ is software designed to do just that. Condo-dwellers in the right buildings will be able to access it from desktops, tablets, or smart phones. The app digitally connects all the parties involved in any condominium—the occupants, building staff, property managers, and developers—and provides them with up-to-the-minite information about their buildings, neighbours, and the surrounding communities from anywhere they are online.
In an interview with UrbanToronto, Chris Scott, director of sales at bazinga!, explained the app’s objective. “bazinga! allows for smart buildings. In any building, there are inevitably going to be situations which arise where the developers or property managers will need to communicate with residents, and bazinga! allows them to do that directly. From the resident’s perspective, the app connects them with the community and centralizes information for them.” Mr. Scott also pointed out that bazinga! serves as a selling point to potential new buyers as a high-tech amenity.
CHAZ Yorkville is the latest condo development to come onboard with bazinga!, while the app is already available in over 11,000 units in over 100 communities. Edenshaw, Plaza, and Mizrahi are among a host of developers in Ontario and British Columbia who have signed on so far.
A Vancouver-based startup, bazinga! simplifies many elements of condo life for residents. For residents, bazinga! has 3 sections: ‘my home,’ ‘my building,’ and ‘my neighbourhood‘. Each section gives the resident different options and capabilities.
In the my home section for example, bazinga! allows residents to order a new key fob right from their device. Residents can get information on other unit specifications, and bazinga! is so precise, it will even give you a reminder as to when your warranties will expire. Say the stove in your unit broke down and you had to call in the maintenance company. Instead of having to fish around trying to find the stove manual, you can pull out your smart phone or tablet, and bazinga! will tell you exactly what model your stove is, and give you the full manual.
Amongst other things the ‘my Building‘ section allows you to book an elevator to move furniture, reserve a visitor parking spot, or book an amenity room in your building.
bazinga! also allows condo dwellers to communicate directly to one another too, a long awaited feature for anyone who has every had to live next to or under an overly rambunctious neighbour!
An important part of any condominium is its surrounding community, so the creators of bazinga! took it upon themselves to make sure that residents were connected to and informed about the surrounding area that is their home. The app provides users with information about restaurants, transit, schools, shops, cafes, bars and more in their area. If a resident has recently moved in, has a bad cold and needs to find a doctor’s office nearby, bazinga! can help, as it will plot close-by doctor’s offices on an interactive map.
Like all good software, bazinga! is aimed at making your day-to-day easier. Booking the party room, checking your warranties, finding a manual, it all becomes a breeze, and it should become a selling point at a condo near you!
2013 marks a year where condominium developers are looking to sell unsold units in already launched projects, while keeping down the number of new launches. It has been know that sales at new Toronto condominium developments have slowed; now we know from Urbanation, a real estate market research company, that sales are down 18% for the second quarter of 2013 over the same time the previous year.
A total of 3,903 new condominium apartments were sold in the second quarter. The number is in line with the number of new units opened during the quarter, bringing some balance to the market. 29 new projects were launched in the past six months of 2013, nearing a record low for the past decade.
“The market is regaining its footing coming out of an extremely volatile sales environment during the past two years. Developers have been cautious, but the success of some key projects this year and the solid performances of the resale and rental condo markets in the second quarter should improve confidence” said Shaun Hildebrand, Urbanation’s Senior Vice President.
The amount of unsold units rose to 19,394 out of a total of 92,398 total active units, meaning 79% of units in the process are sold. The majority of the unsold units—11,625 of them—are still in the pre-construction phase of the process.
The average index price grew by 2.6% annually in the second quarter to $539 psf, similar to the pace recorded in the first quarter. The average unsold index price was the same as a year ago at $566 psf.
“Pricing at new projects has become more competitive, which will continue to attract more attention from buyers. Sales are expected to show further improvement in the second half, but the total for 2013 will be below recent benchmarks,” added Hildebrand.
Resale condominium sales for the quarter was 4,689 units, 7% lower than a year ago, but still in line with historic second quarter numbers. Average annual price appreciation grew to 1.5% after experiencing mild declines during the previous two quarters. Average index resale prices also reached a record $413 per square foot, or $376,000 for the average price of a 910 square foot unit. The sales-to-listings ratio increased to its highest level in a year (46%), as growth in total listings remained slow despite over 8,500 units being added to the resale universe in the first half of 2013.
A palatial, 9,600-square foot mansion in Lakeshore may be the most expensive home ever put on sale in Essex County. The four-bedroom, nine-bathroom estate located on Elmgrove Drive is listed at $6,995,500. Encompassing 200 feet of Lake St. Clair shoreline, … Continue Reading
As Toronto continues to grow into a powerhouse global city, the rising price of real estate in the city centre is making buying there prohibitively expensive for middle-income earners. This has prompted value-conscious developers to bring new developments to areas that are sometimes overlooked. The inner suburb neighbourhood of Cliffside is one such place, and VHL Developments has a perfect site here for a new mid-rise condominium building on Kingston Road which they are calling Haven On The Bluffs.
Designed by Master Building Inc., the 11-storey, 250-unit condominium will rise just to the northeast of the convergence of Danforth Avenue and Kingston Road. Haven On The Bluffs will replace the existing 2-storey commercial building at 2229 Kingston Road, currently being used by VHL as the project’s sales centre as well as a now-shuttered motel.
With units starting just under $160,000, Haven On The Bluffs prices put the building in range of a much wider demographic than the average condominium development in this city… and while price is a determining factor for most purchasers, choosing the right neighbourhood is equally important.
As the name implies, the Cliffside neighbourhood stretches south to Toronto’s postcard-worthy Scarborough Bluffs. Bisected by the popular retail strip of Kingston Road, many restaurants including neighbourhood haunt Vi Pei Bistro, offer the neighbourhood a surprisingly vibrant food scene. Besides Italian, this one stretch offers Thai, German, Hungarian, Japanese, Fish and Chips, Jamican, and two Irish Pubs!
With 6 public schools within a 5 kilometre radius as well as a wide selection of parks and trails, Cliffside fits the bill for family-friendliness. Just a short walk to the east of the Haven On The Bluffs site is Bluffers Park and its huge marina. The scenic park provides locals with an aquatic playground perfect for boaters, birdwatchers, anglers and families who just want to spend a day by the water or admiring the bluffs, while smaller parks at the top of the bluffs have fantastic views over Lake Ontario.
For additional information including building facts and renderings, please visit our dataBase page for Haven on the Bluffs, linked below. Want to get involved in the discussion? Check out the associated Forum threads, or voice your opinion in the comments section provided below.
Empire Communities is gearing up for sales in the second tower of its skyscraping Eau du Soleil complex on the shores of Lake Ontario in Etobicoke. Water Tower is the name chosen to market this 45-storey tower, the closer of the two to the lake. Designed by Zeidler Partneship Architects with EI Richmond Architects, the complex is meant to evoke the streamlined shapes and texture of modern day cruise ships.
In amongst the growing Humber Bay Shores community, Eau du Soleil will be opening at a time when many services such as neighbourhood retail will have arrived—in an area which until recently was home only to strip motels and a neglected shoreline. In recent years many new condominium complexes have added enough residents that a french café, a few restaurants, and convenience stores have already opened in the area, and much more is on its way now, including a major grocery store across the street. Eau du Soleil will bring a host of new shops and eating establishments itself.
What really matters here though is the building’s spectacular location next to miles of improved waterfront parkland, and the incredible views of Toronto’s skyline and Lake Ontario that suites will have here. Toronto Parks and the Toronto Conservation Authority have been responsible for the transformation of the public green space here over the last dozen or so years, and now walking paths, gardens, a butterfly habitat, the Waterfront Trail, quiet coves, and even great spots for rock balancing are all just across the street here, a favourite activity along the water. This is one of those once-it’s-gone-it’s-gone kind of spots.
Want to know more about Eau du Soleil? Check out UrbanToronto’s dataBase page for the project, linked below. It has a ton of renderings, including many of the incredibly extensive set of amenities that this project will offer its residents. Want to get in on the conversation? Choose an associated Forum link, or leave your comment in the space provided on this page.
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Ashlar Urban Realty has announced its acquisition of The Smith Company. The deal was concluded today, with Ashlar declaring that all current employees of The Smith Company would relocate to Ashlar’s office located at 166 Pearl Street in Downtown Toronto next week.
Ashlar Urban is a full-service, privately owned real estate firm, which is Canadian owned and managed. They are one of Canada’s largest independent commercial real estate firms, and are a member of NAI Global. The Theatre Park condo and the oneeleven Condominiums are a few examples of Ashlar’s land sales in Toronto, while the company has also been involved in projects such as the Fashion House condominium and retail complex, and the Bohemian Embassy Flats + Lofts.
The company said that with the new acquisition, their roster will increase to over 30 employees. Jeff Thomas, Managing Partner & Broker at Ashlar Urban Realty Inc. stressed that the move would be greatly beneficial to Ashlar. “We are thrilled to welcome The Smith Company team, as they will bring a strong sales focus and an enterprising spirit along with their deep knowledge of the Toronto commercial real estate market. We will benefit greatly as Paul Smith, founder and President of The Smith Company, is one of the most well-known and respected veterans in our industry and we look forward to working with him closely as he joins our management team.”
Paul Smith was equally pleased with the acquisition, pointing out that both companies share common values. “The partnership between our company and the team at Ashlar is a great fit,” Mr. Smith was quoted as saying. “Both companies share a commitment to entrepreneurialism and a dedication to client service. We are looking forward to bring our people and operations on to the Ashlar platform,” Mr. Smith added.
For The Smith Company, the acquisition brings to an end 22 years of independent operation. The Smith Company was a brokerage firm focused on leasing in Toronto’s financial core.
The Smith Company’s extensive knowledge and specialization in the Toronto real estate market will further boost Ashlar’s profile in the industry here.
There is a theory that millionaires from Asia buying up housing in Vancouver are the cause of the affordable housing crisis in Vancouver. Jackie Wong, Pablo Mendez and Henry Yu disagree. They spoke at a panel on June 10 organized by the Tyee. The panel…
OTTAWA – Canada Mortgage and Housing Corp. says the annual rate of housing starts slipped slightly in June, although it says the overall trend remained essentially stable for a third straight month. The federal agency estimates there were 18,215 actual … Continue Reading
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Regent Park isn’t just undergoing a massive physical transformation, it is experiencing a social transformation too. Though the replacement of much of the older housing stock is not complete yet, the housing project stigma which has haunted the area for decades is crumbling away faster than any Victorian fixer-upper ever could. The low-slung post-war, and medium-high-rise 1960s social housing buildings which once dominated the area are quickly being supplanted by mixed-income residential towers and modern townhomes. The spaces where unkempt lawns once fronted onto Dundas are now occupied by storefronts, restaurants, cultural facilities and active lobbies. New recreational venues are proving to be fantastic too.
The Toronto Community Housing-led revitalization, currently well into its second phase, has involved significant private investment through residential condominium and community facility development by The Daniels Corporation. In late April, we were afforded the opportunity to tour the first phase of Daniels’ One Park Place, which had recently topped off just to the east of the Daniels Spectrum. Now, two warm and muggy months later, the white aluminum cladding now reaches the top of the Hariri Pontarini Architects-designed tower, and balcony glass is following closely behind, now being applied roughly halfway up the building.
The red brick framed podium, which will contain a mix of retail, office, and residential along with rooftop amenity space, is looking close to complete from the outside, though plenty of work is still to be done both inside and out before residents can move in this October.
Immediately west of One Park Place, on what was just unveiled as Regent Park Boulevard, the recently piloted Regent Park Farmers’ Market is being held Wednesday afternoons until mid-autumn, and offers even more insight into the community programming and initiatives that Daniels has in store for future residents—and we’ll cover the market more fully in its own article tomorrow.
Community initiatives aren’t the only factor drawing new home buyers to a once rental-only neighbourhood. The Daniels Corporation is offering financial incentives to those looking to purchase condominiums, many of whom will be homeowners for the first time. Through Daniels’ Gradual Deposit Payment Plan, buyers can get quite the deal on a number of suites at One Park Place’s soon-to-complete first phase, priced from the low $300,000s, for only 5% down with a free locker and a year of free maintenance.
This is accomplished through a single fee of $3,500 with the Agreement of Purchase and Sale, then $1,000 each month until you reach 5% or occupancy. Daniels also offers a program called First Home BOOST, which enables qualified purchasers to increase their down payment from 5% to 15% through an interest-free, payment-free loan. More information on these deals can be found at Daniels’ Regent Park Presentation Centre at 500 Dundas Street East, www.danielsoneparkplace.com, or by calling 416-955-0559.
In the meantime, a 28-storey second tower that will complete One Park Place is under construction at the site, and registrations are now being taken for it, as you can see in the image above. For additional information about One Park Place, including building facts and renderings, please visit our dataBase page, linked below. Want to get involved in the discussion? Check out one of our associated Forum threads, or voice your opinion in the comments section provided on this page.
Toronto’s immense demand for housing near transit, cultural amenities, and neighbourhood conveniences is transforming many pockets along our low-rise avenues with modern mixed-use mid-rises. The west end is getting its share of residential infill and t…
In a city with seemingly endless options when it comes to condo shopping, there are yet certain developments that stand apart. When it was first announced, the Thompson Residences at 621 King West caused quite a bit of excitement on UrbanToronto. The shifted drawer-front design by Montreal-based Saucier + Perrotte was simple, clean, elegant in black and white, and so much fun. It was one of those designs that hit people as so obvious that we should have a pile of buildings like it… but why didn’t we even have one yet? Freed Developments was now making sure we would.
Freed, who pretty much created the King West transformation with their very urbane approach to condo-neighbourhood-making, were upping their game again by bringing top-flight Saucier + Perrotte to Toronto and pairing them with Toronto’s masters of chic interiors and exteriors, namely Burdifilek and gh3 handling interior design and landscape design respectively. The sum total for the suites and amenities is cool at every level, and especially at roof level, where a seductive pool is matched with a stylish bar and a killer view over the city’s skyline. If you ever wanted to live somewhere that would also be one of Toronto’s best places to hang out and relax after work every evening, then this building would surely be it.
The Thompson Residences has been bubbling under on UrbanToronto for a while now—we’ve been watching images of the excavation and lower level construction pop up in the Forum thread—but now things are really heating up again. This weekend, 11 AM to 5 PM each day at the Thompson Hotel Penthouse across Stewart Street, Freed are holding an Open House. Three new floors have been released, and it’s your best opportunity to get a taste of the lifestyle on offer here.
Put your name on the list at firstname.lastname@example.org to get all the info you need.
Want to know more about the Thompson Residences? You can check out our dataBase page, linked below, for several more renderings and lots of info. Want to talk about it? You can leave a comment in the space provided on this page, or get in on the conversation in our associated Forum threads, also linked below.
Rising up out of its excavation pit, The Yorkville Condominiums have hit ground level at the corner of Davenport Avenue and McMurrich Street in Toronto’s prestigious Yorkville neighbourhood.
Although these construction photos don’t currently hint at it yet, the renderings of this Wallman Architects-designed building promise a slim and elegant tower marked by copper-coloured mullions and golden extrusions. Interiors by Tomas Pearce detail living spaces which are just as luxurious as the neighbourhood they are situated in. Developed by Lifetime Developments, 31-storeys tall, and packed with top flight features, amenities and attractions, these condos are the definition of refined living.
First impressions always count, so it’s not just the exterior of Yorkville Condominiums where attention to detail has been paid. Inside the 11-foot high front doors a sophisticated lobby greets residents and visitors with black stained wood and glass, while the 2-storey lobby offers plush couches and modern furniture, black-on-black floors, and shimmering chandeliers hanging from the ceilings.
Whether it’s a one, two, and three bedroom unit or even a penthouse, each suite will include the same desirable features. For those seeking a little more space and a door directly on the street, the Yorkville Condominiums also include six townhomes, located adjacent to the main tower but secluded on quiet McMurrich Street. No matter the size or price of each suite or townhome, the living arrangements will all sport the same level of modernity and luxury.
A rooftop terrace with a spectacular view overlooking the city, fitness centre for those looking to get active, and resident’s lounge for those looking to relax and socialize with their neighbours are a few of the desirable amenities thrown into the mix. For those looking to indulge in what the vibrant Yorkville community has to offer, a sea of upmarket shops, boutiques, gourmet cafés and restaurants are just a few steps away. Close access to the subway also provides plenty of convenience in regards to getting around town.
As this project unfolds, feel free to check out our dataBase page, or contribute any photos or commentary to the discussion in our associated Forum threads, all linked below. You can always leave a comment in the space provided below.
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