The GTA new home market saw a very strong month in March, with sales of both single-family homes and condominium apartments above last year and above the 10-year average, according to the Building Industry and Land Development Association (BILD).
Total March new home sales, with 5,003 units sold, were up 27% from March 2020 and 37% above the 10-year average.
The new condominium apartment market picked up the pace in March as the spring market got underway, the number of units in new projects launched and the number of sales were both well above the March average of the past 10 years and those newly launched projects saw particularly strong sales at opening.
Condominium apartments, including units in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 3,297 new home sales in March, up 11% from March 2020 and 42% above the 10-year average. It was the second highest March for condominium apartment sales since 2000.
The March new home sales figures prove what we’ve known all along: demand for housing in this region isn’t going anywhere.
The benchmark price for new condominium apartments was $1,064,317, which was up 8.3% over the last 12 months.
Contact our team for more information on these new projects.
Vandyk Properties, a leading city builder in real estate development and investments, launched their transformational Grand Central Mimico project early this spring; a new, master-planned, transit-tailored community located in the Mimico Triangle in South Etobicoke.
The transformational project will encompass over two million square feet of mixed-use development that spans over four city blocks and nine proposed towers, anchored by over 1.85 million square feet of new residential living and 200,000 square feet of commercial and employment opportunities by Vandyk.
With the success of the North & Central towers (having completely SOLD OUT!) we’re excited for the launch of the final phase at The Buckingham: The Marquee South Tower at Grand Central Mimico.
The highly anticipated tallest tower, elevating 37 stories offers incredible floor plans with unparalleled views of Lake Ontario, lush parks and the iconic Toronto skyline.
Launching for sale on May 4th, connect with our team today to express your interest and secure unit in the GTA’s most sought after Transit Oriented Master Planned Community.
The vision for Grand Central Mimico is to create a transit-oriented community that supports a vibrant public realm while seamlessly redefining conventional understanding of Toronto’s geography with its immediate connectivity to an upgraded Lakeshore West GO line and the planned Ontario Line currently underway.
With Vandyk Properties as the majority landowner in the area, it allows for the team and its partners to create a cohesive, new urban experience.
Key improvements in the surrounding area include the creation of the future 1.25 km Greenway, a multi-use path along the rail corridor with a new pedestrian bridge overpass, as well as new and expanded commuter parking facilities and a new pedestrian pick-up & drop-off area for Mimico GO Transit riders, and a new 12-acre active sports field currently under construction by the City of Toronto. Architecturally celebrated plazas, landscaped open spaces and public art will support the continued, and future use of the Mimico GO Station.
A new architectural landmark in Toronto. The condominium
residences embrace the environment and reimagine high-rise living with balconies and terraces throughout.
One Delisle is a project by award-winning developer Slate Asset Management.
Exteriors and interiors designed for Toronto by Jeanne Gang, the world’s leading female architect, and her firm Studio Gang. Jeanne Gang is a leading architect of this generation. She is a leader of gender equality in the industry and has designed the tallest tower in the world by a woman.
Gang is one of TIME magazine’s 100 most influential people (2019). Their first project in Canada is set to redefine the skyline and streetscape. Studio Gang considered how to sustainably grow cities, without compromising on design.
ONE DELISLE embraces the environment and the calm of the surrounding nature and ravines. Condominium residences unlike any other in Toronto – with balconies and terraces throughout.
Launching for sale April 2021 – contact our team for price list and floor plans.
Live by the waterfront AND be connected to downtown Toronto, introducing Luxury townhome living by the waterfront at Brightwater Towns in Port Credit, Mississauga starting from the $1.5M.
A thoughtfully designed master-planned community where every day will feel like you’re on holiday in a small European beachside town. Bringing together charming restaurants and small boutiques, vibrant and lively community events, and the breathtaking beauty of Lake Ontario and its waterfront trails.
What’s so AWESOME about Brightwater Towns? 🏄🏽♀️🏊🏼♀️🚴🏼♀️🚣🏽♀️🤽🏽♀️
▪️ Located at the waterfront and surrounded by all the amazing trails and parks
▪️An incredible waterfront Masterplanned community with condos and towns, retail, restaurants and offices
▪️Live in Port Credit also known as “The Best Kept Secret in the GTA” – by the waterfront, connected by transit and highways to the downtown core, steps to parks and trails, retail and restaurants
Situated just north of the gateway intersection of Dundas and Jarvis, PRIME Condos is one of the very last opportunities to get into this neighbourhood in Downtown Toronto.
PRIME condos presents an incredible opportunity to own a Downtown Toronto Condo at an attractive price point at a AAA location and built by one of the GTA’s most trusted and active builder CentreCourt.
Dundas & Jarvis is a vibrant area that enjoys amazing access to transit in between two subway stations, the by Ryerson University, George Brown College, University of Toronto downtown campus, by some of the city’s best shopping and dining and at the cusp of the Financial District as well – the neighbourhood is so well connected to everything downtown. Wonderful area amenities are available at your door step and the excitement of Yonge and Dundas Square – a great neighbourhood to live in!
Affordability in the downtown core has become incredibly scarce. Many buyers are priced out of the single family detached home market which forces buyers to pursue opportunities within the condo market.
Some great floor plans at affordable prices for downtown condos are still available. Contact our team for more information
These are the newest pre-construction condo launches COMING SOON as early as February 2021.
Our developer-approved Platinum Agent team has been invited to sell at the all of the above development.
As Platinum Agents we bring Exclusive Access to Platinum Opening Day Sales to our clients offering them the lowest prices saving them thousands and the best incentives.
To learn more about the Platinum Sales process please read our blog post here.
What you can expect working with us?
Understanding the Buying Process
Defining your Investment Goals
Finding the right investment unit for you
Executing on your Investment Plan
Call, text or drop us an email and let’s chat about your investment goals.
