The recent ground breaking event for Sugar Wharf Condos included a significant presence of politicians from all levels of government. Mayor John Tory spoke about community developments like Sugar Wharf Condos, reason why “families are actually moving in the downtown area”. To unpackage that statement, there has been a long term trend of families moving out into the 905, primarily fuelled by an overcrowding of local public schools as this recent Globe and Mail article points out. The fact of the matter is in Toronto’s condo boom, space for additional public schools has been over looked and the ones currently existing are filled to capacity.
Fortunately there are conscious developments like Sugar Wharf Condos on the horizon, not only will there be a school within the development, but it will be built into one of the residential condo buildings allowing parents to ride the elevator to school, a first for the city of Toronto. Additionally Sugar Wharf Condos will feature larger 1,200 plus square foot family sized condo dwellings, not just tiny rental sized units, where families can comfortably reside.
If you also take into account that 4,500 jobs will be created at Sugar Wharf Condos in the new LCBO headquarters at 100 Queens Quay East. Those same employees have the opportunity to live in a family sized condo and take their kids to school all within the same development that is what we call smart, forward thinking city planning and will assure that Sugar Wharf Condos will be an in demand condominium residence for years to come.