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What is the Ryerson Affect on downtown condos?

Apr 09, 2021 ,

Understanding the Ryerson Effect. PRIME condos is situated directly across the street from Ryerson University. PRIME will be one of the first locations to benefit as Ryerson’s Yonge Street campus continues to increase its student enrolment and support the 47,000+ student population.

 

High demand from a growing tenant pool

Investing at PRIME condos will pretty much guarantee access to a large and diverse tenant pool. Prime is situated in one of the last great locations in the downtown core and Ryerson is one of the hidden demand drivers of this entire neighbourhood.

PRIME is also directly across Ryerson University Campus, George Brown College is a 4-min drive, and both OCAD University and UofT are a 5-min drive away, a tenant pool of over 100,000+ students.

Ryerson has been growing and continues to grow, but its construction focus has been on academic buildings and not student housing. This has resulted in a large imbalance of supply and demand in the area.

Its central location along the Jarvis corridor by Dundas places PRIME at a key intersection, steps from downtown landmarks, post-secondary institutions, cutting-edge health science facilities, and financial and technology incubators.

There are 1,500,000 people employed in Toronto, with over 500,000 working in the downtown core. The Financial District, where several banks, global corporations and fortune 500 businesses are headquartered is a short 5-min drive away from PRIME, providing over 200,000 jobs.

 

Ryerson University

Understanding the Ryerson Effect

PRIME is situated directly across the street from Ryerson University. PRIME will be one of the first locations to benefit as Ryerson’s Yonge Street campus continues to increase its student enrolment and support the 47,000+ student population

Did you know that Ryerson University has admitted over 4,300 new undergraduate students during the past five years?

4,300 new students represent more new students than any other university in Ontario over that time frame.

This is a PRIME Opportunity

Approximately 97% of all students at Ryerson will need to find accommodation nearby.

Student housing has not kept pace with the growth in the student population, and Ryerson now provides less housing to its students than any other university in Ontario

 

fun fact

4,300 incoming students every 5 years would fill the equivalent of 7 buildings the size of PRIME

Get to know CentreCourt

CentreCourt is easily one of the most active high-rise developers in the Greater Toronto Area (GTA), and it’s no wonder they’re ranked #11 on the 2020 Growth List ranking of Canada’s Fastest-Growing Companies.

Their growing real estate portfolio spans 12 high-rise residential projects in various stages of development, collectively representing over 6,000 homes and over $3.1 Billion in development value.

 

PrimeCondos-9

Over the years they’ve secured a reputation for consistently delivering the highest standards of excellence to purchasers, capital partners, and brokers, with highly successful projects such as Karma, INDX, and Transit City under their belt.

CentreCourt is now well-regarded as an outstanding developer in residential condominium projects and is consistently selling out their pre-construction condos.

PRIME is CentreCourt’s 17th project launch and the fifth in Toronto’s downtown east core, adding to their existing footprint of high-rise condominium projects such as 411 Church, Grid Condos, Core Condos, and 199 Church Condos.

They are not only familiar with Toronto’s downtown east core, they are firm believers in the area’s value and projected potential and growth in the future.

 

Launching for INSIDER Sales on April 15th, 2021

To get on our Priority List of clients for Exclusive Access to OPENING DAY Platinum Pricing, please register here now! 

Click here for more information on PRIME Condos

Click here for PRIME Condos Investor Brochure 

Click here for to learn more about CentreCourt 

 

To get on our Priority List for the upcoming April 15th sales launch, please contact our Lead Agent, Madiha Khan 

📲 647.262.2300

📧 info@torontocondoinvestments.ca

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