The housing market in Toronto has been growing strong in the past three years, with condo prices surging higher and higher. This 2019, however, it’s expected to settle down, as what some major developers in the city say.
That doesn’t mean that the construction of new condominium projects will come to a halt though, as several new condo projects will start their initial sales in the later parts of the year. In the view of helping our clients discover the newest and most attractive investment opportunities, we have spotlighted what we believe are the best new projects coming to market in Q1. These include the CRU 11 Yorkville, 33 Avenue Road, and T1 at M2M. Let’s have a look at each of them.
- CRU 11 Yorkville
Located at 11 Yorkville Avenue, the CRU condos are designed to provide residents with convenient access to various locations in downtown Toronto including cafes, hotels, high-end global brands, designer boutiques, shops, and more.Considered to be the pinnacle of luxury living, this high-endneighbourhoodin Toronto is expected to provide everyone with sleek residential and commercial spaces that stand out.
It also has a number of amazing amenities including a mixed-use tower, hot and cold plunge pools, outdoor theatres, fitness centres, and more. It even garnered a perfect 100/100 Walk Score and a 95/100 Transit Score, indicating that you can have access to all your daily errands without having to travel and enjoy close proximity to a variety of transportation options.
The project is developed by Metropia which happens to be one of the leading real estate developers in Canada. There’s no confirmed date of occupancy yet, but the project is estimated to be complete by 2022.
- 33 Avenue Road
The 33 Avenue Road Condos is a project developed by Empire Communities and is designed to be a mixed-use condominium which is currently in its pre-construction stages. It was originally intended to be a 38-storey building featuring 342 units but was later revised to a 40-storey building containing 330 residential units. However, as it’s still in its approval stages, you can expect the information to be updated sometime in the future.
The project is set to be located in the Yorkville neighbourhood which will be located just north of Bloor Street West. The location is home to a variety of high-end brands including Prada, Gucci, Chanel, Holt Renfrew, and more. You’ll also have access to several gourmet restaurants, the Bay TTC Subway Station, the Royal Ontario Museum, and the Queen’s Park.
- T1 at M2M
A project by Aoyuan Property Holdings, the T1 at M2M condos is a project which is to be set in the Finch Avenue and Yonge Street area. It’s going to be part of a three-phase redevelopment plan of an 8.6-acre land which is now occupied by Newtonbrook Plaza.
The project’s first phase which is now open for pre-registration will feature a 36-storey and 34-storey building, each containing 420 and 390 units respectively. According to the developers, the project will consist of 5 five different towers with varying numbers of storeys and a total of 1,660 suites.
Some of the amenities will include a social gathering space, 24-hour fitness centre, and an exterior terrace to name a few.