Real Estate Market Overview
Toronto’s housing prices are on the high side, with average costs ranging from $550,000 to $850,000.
The city’s western and central sections have many high-rise residential buildings, as well as more expensive single-family homes (detached and row houses).
Commercial spaces tend to be retail-based, and there are some vacant lots.
A mix of single-family homes, high-rise and low-rise multi-family units, and row houses are offered in the southern section, as are office and retail spaces.
Most of Toronto’s condo options are located in the city’s downtown, along Lake Ontario.
The College Condominium at Spadina was completed by Tribute Communities in 2016 and has 226 units in its 15 stories.
The building is in the highly desirable neighbourhood of Kensington Market and features amenities such as an exercise room, a theatre room, a guest suite, concierge service, and a terrace.
Unit prices range from $590,000 to $810,000. Currently under construction is Ten York by Tridel, a luxury building that will be 65 stories high and will have 725 units ranging in price from $1,500,000 to $3,200,000.
Overlooking Lake Ontario, the building will include features such as a spa, guest suites, a theatre room, a pool, an exercise room, and concierge service.
North Toronto and Yonge & Eglinton are two neighbourhoods that have also seen recent condo development.
Whitehaus Condos, a joint project by Lifetime Developments and Knightstone Capital Management Inc., is in the preconstruction phase, with units priced between $680,000 and $920,000.
When complete, the building will be 29 stories with 358 units, and will include an artist studio, a dog wash station, a lounge and bar, and a fitness centre.
101 Erskine by Tridel is currently being built and the building’s 420 units will range in price from $530,000 to $1,700,000. It is located close to public transportation and other conveniences, and will be 32 storeys once complete.