It’s been a very busy year for new condo launches. Here are my top-5 projects that I’ll be watching for investment over the last few months of 2010:
- Bisha. This one could be special, but it certainly won’t be cheap. I’m hearing pricing will start in the high $600s and go up from there. I’ve also heard that the lifestyle component of the building will be something unique in Toronto.
- One Park West. I’ve already seen some of the plans for this newest release in the Regent Park redevelopment by Daniels coming up in September and it looks very interesting. One unique aspect are the stacked townhomes that are probably the best floor plans for stacked towns I’ve ever seen.
- River City Phase 2. Phase 1 launched late November of last year. At last check they were well over 70% sold. Those who doubted this development because of its location will likely have to strongly consider investing in phase 2 after the success of phase 1.
- Studio on Richmond. Not many details available yet on this project but great location in the heart of the Entertainment district and the developer (Aspen Ridge) has offered good value to investors in the past with projects like VU on Adelaide Street East.
- Post House. Right next to the VU site will be Post House by Alterra. The proximity to the booming St Lawrence Market ‘hood has many of my clients drooling with anticipation. This one has just released floor plans and pricing for the VIP event. Contact me for details!
Other projects on my radar screen for the next 3-6 months include:
- Plazacorp‘s site at Yonge and Wellesley (project name TBA, location very intriguing)
- Imperial Plaza (office building conversion at Avenue and St Clair by Camfrost Felcorp)
- Cityzen’s “Name this condo” site at Yonge and Esplanade
- Brad Lamb’s Theatre Park site (what height/form will be approved?)
- Daniels Cinema Tower (follow up to Festival Tower)
Wondering how to keep track of the latest and greatest condo projects downtown? Hire me as your downtown condo expert today.
08.12.10 at 9:15 pm
Joe
Here’s a launch to watch. The launch of more bankrupt buyers as Condos across Toronto tank in price because they are completely OVERVALUED.
Good luck to all you suckers that bought in the last year!!
08.25.10 at 3:36 pm
Dattaman
Check out greaterfool.ca for some real insight into where the Toronto real estate market is headed. Going to realtors for advice on the real estate market is like getting your gold appraised by the pawn shop… they aren’t impartial… they make money when you buy, so what do you think their advice will be? To buy of course…
08.27.10 at 2:07 am
roger
i am smelling sour grapes.. Give me the data to back up your claim.. Toronto condos are NOT overvalued.. what are you comparing it to?? Have you seen the price of condo from other major metropolitan cities? And no one is asking you to buy some shitty condo up at some shitty areas.. Even i give you a possible real estate tank, the best location, which is downtown toronto, will be the very last area affected by the tank, which by that time IF it happens, the tank will be nearly over. Look at the last financial crises.. the value of downtown condos were barely affected… buy smartly, invest smartly.. that’s the key..
09.01.10 at 5:12 pm
Joe
For starters, it’s called supply and demand. Way too much Condo inventory in Toronto. Add a shitty economy (check yesterdays GDP numbers)and no incomes rising like the price of real estate in the last 5 years . Did you know about 70% of condos downtown are owned by foreign investors ? Those investors are crying now cause they can’t sell. Barely anyone who works in Toronto can afford almost $600 a square foot for some closet space condo downtown.
By the way I make over $100k per year and wouldn’t go near a condo right now.
10.24.10 at 6:59 pm
Leo Liu
Jeo, I have been making ***** grand per year after tax…
Can I buy one 2-bedroom in downtown area?
Oops, I am not a foreigner, but originally was…
Thanks.
10.24.10 at 7:05 pm
Leo Liu
I think as long as more and more foreign immigrants moving in with money, the real estate market in Toronto won’t crash….
I heard such kind of complaint 5 years ago.. so what? the condo price won’t go under but shoot up a lot….leaving complainers crying behind.