Summer 2019 was a hot one when it comes to the temperature but Fall is bringing the heat with over 50 pre-construction project launches. It’s time to roll up your sleeves and seize the opportunities of the coming real estate season! Here’s our guide to the top 10 most anticipated condo launches happening this Fall.
The GTA’s suburbs are vastly urbanizing by rapidly creating their own bustling downtown cores outside of Downtown Toronto, so with that said, we’re kicking off our list with Distrikt Trailside Condos in Oakville. This mixed-use site will boast designs from Kirkor Architects + Planners and include a variety of unit types and layouts. This diverse development is truly the perfect addition to the urbanizing area and is the perfect opportunity to invest in the ever-growing cosmopolitan suburb of Oakville.
This expansive 6-acre site will be home to two towers which will house about 700 residential units comprised of condos, lofts and townhomes. The towers’ ground floor will feature a grand double-height lobby ceiling, retail, future cafe, gallery and studio. The condominiums will feature 9ft ceilings while lower and upper penthouse floors will offer 10ft ceilings. Not to mention, there will be over 15,000 sq ft of beautifully designed and programmed indoor and outdoor amenity space with the next generation smart living app called Distrikt AI.
In 2019, the average selling price of pre-construction condos in the Town of Oakville is $443,950. New listings, for the year thus far, have maintained a price per square foot of $683, while prices continue to grow to 8.6% per year.
Heading over to Toronto, Linx Condos will make its debut in the close-knit Danforth neighbourhood. Tribute’s proposal calls for a 27-storey structure, which will include a three-storey podium. The podium will include retail on its ground floor and an entire floor of office space on the second level. The podium’s third floor will house the building’s amenities, featuring 4,854 square-feet of indoor amenity space and 5,618 square feet of outdoor amenity space, in the form of a spacious outdoor terrace on the podium rooftop.
The Danforth is served exceptionally well by transit and is a major shopping and dining destination with a strong community and cultural roots, yet it’s only starting to see these types of modern developments. Whether you’re looking to invest, set down roots – or both, this gives you the chance to be part of an up-and-coming area with a ton of potential.
Not to mention, thanks to the City of Toronto’s development plan called TOCore, 40% of newly built units must have at least 2 bedrooms. This means that more families will be able to find living accommodations in neighbourhoods like The Danforth whether they are buyers or renters. Linx is an opportunity investors should keep a keen eye on because, for a community that attracts so many families, new condo options here are very limited. Linx will change this.
Investors will be pleased to know that this master-planned community is becoming one of the most highly-anticipated projects in the GTA. Based on its location next to Highway 401 and a transit hub that will take residents to Downtown Toronto in a quick 28 minutes, it’s not hard to see why this development is making a name for itself.
This thoughtful condo project, developed by well-known developer, Chestnut Hill, will be sure to have incredible amenities including a party room, an outdoor terrace with a pool, a fitness centre and so much more. Within the community’s parameters will also be a brand new mixed-use destination called DLive, short for Durham Live. This complex will come equipped with one million square feet of office space, a massive casino, waterpark, film studio, golf course, convention centre, as well as a list of retail and dining experiences. As a result of all that’s to come for this complex, 10,000 new jobs are expected for the area which will give residents many local amenities right next door.
For 2019, the average selling price of pre-construction condos in Pickering is $339,000. New listings, for the year thus far, have maintained a price per square foot of $566, while prices continue to grow to 28.1% year-over-year.
Mississauga has developed an urban skyline of its own and EX2 Condos will add a well-needed splash of colour to it. EX2 is the second of four towers planned for the Exchange District master-planned community. Centred by a raised, multi-purpose piazza designed to accommodate pedestrians, this community is being planned as a city-wide focal point that will invigorate downtown Mississauga with people and excitement. However, this neighbourhood is already vibrant. Square One and Sheridan College are just a few steps away from the impending development which is likely to attract students and area employees to live work and play all within the community.
Future residents can also expect a full range of condo amenities to complement the sumptuous suite interiors. EX2 residents have access to some 20,000 square feet of amenities that include a rooftop terrace with outdoor seating and fire pits, an indoor pool with accompanying spa and steam room, a fitness centre, a game room and even a basketball half-court.
This year, the average selling price of a pre-construction condo in the City of Mississauga is $379,200. New listings, for the year thus far, have maintained a price per square foot of $632, while prices continue to grow to 7.8% year-over-year.
Thornhill is a thriving city, so much so that Daniels Corp has decided to name their latest project after it. The Thornhill Condos is a well-thought-out master-planned community with many local amenities and schools nearby. This development will go up within a safe community that developers are taking the liberty of enhancing with family-friendly condominiums.
While this developer is known to provide unique amenities and suite features in their developments, Daniels is most well known for affordability and special purchase offers. With this development, clients can take advantage of their special “10% down” promotion in addition to applying to a special “mortgage pre-approval” program designed to make the purchasing experience easier and less stressful. The Thornhill Condos are priced from the low $300,000 which is very attractive especially since the average resale price for all home types, including condos in Thornhill is presently around $983,817.
For investors, the average resale appreciation rate for the past 10 years has been 8.0% while the average rental rate is presently $2,600. Additionally, the rental appreciation rate here is 5.1% for the past 10 years. The demand for condos in Thornhill is still strong as the vacancy rate is currently 0.8%.
If you’re looking for a new investment or living destination in a vibrant community that is perfect for young professionals and those who work in the city, then look no further. The Saint Condos is the next mixed-use condo coming to the heart of Downtown Toronto. Not only will this 45-storey tower feature one to three bedroom units but it will also include private balconies for you to gaze upon the city skyline.
What makes The Saint so incredible, are the amount of local amenities just outside the door. This location offers a perfect 100 on its Transit Score and a Walk Score of 99, making it a perfect place to invest. Residents will have access to many bus routes, bike shares and car shares located both on the street and within the immediate area. Additionally, Line 1 - Queen Station is a quick 3 minute walk away.
Currently, the average selling price of pre-construction condos in the City of Toronto is $485,650. New listings, for the year thus far, has maintained a price per square foot of $883, while prices continue to grow 10.2% year-over-year.
Old-world charm meets chic with this new Midtown Toronto condo project by Great Gulf. Just steps from the Yonge and St. Clair subway station, the development is right at the centre of transit, a leafy ravine and all the upscale amenities that this neighbourhood has to offer. While this condominium’s immediate area is historically known to be favoured by affluent families and mature couples, Yonge Street and St. Clair Avenue’s easy access to the University of Toronto and Ryerson University attracts students and young professionals as well, which has contributed to the neighbourhoods youthful rejuvenation. Schools, libraries and community centres are all within walking distance.
Midtown is an excellent place to invest in or call home -- or both. Many people appreciate the vibrant urban lifestyle, yet close proximity to ravines and green space, like the Rosehill Reservoir and the Beltline trail, a 10-kilometre, leafy walking and cycling trail that winds through some of Toronto’s most upscale neighborhoods like Forest Hill and Chaplin Estates.
Investors are taking advantage of the opportunities to purchase newly developed Midtown condos, townhomes and even rental units as swiftly as they become available. The average price for a home in this neighbourhood is $845,124 and rental units are approximately $2,400 per month.
Long hailed as Toronto’s premier living destination due to its picture perfect luxury homes, manicured lawns and the best schools, Forest Hill offers up some of the best curb appeal the city has seen. Now, this Fall, CentreCourt is launching its next mid-rise condo in the heart of the community. At the southwest corner of Eglinton Avenue West and Bathurst Street, this mixed-use residence will feature 10,000 square-feet of retail space at street level and nearly 11,500 square feet of amenity space inside.
This Forest Hill condo is not only built with some of the most enjoyable features and finishes but it is also built to take advantage of Toronto’s upcoming Eglinton Crosstown Light Rail Transit (LRT). The plan calls for an at-grade entrance for the incoming Forest Hill Station of the eglinton Crosstown LRT, which is expected to be operating in 2021. Once complete, the LRT will add neary 20 km of rapid transit access along Eglinton, connecting with 25 bus routes, three subway stations and several GO stations. Those looking for the Forest Hill address but not so much the price tag will want to look into The Forest Hill Condos.
This neighbourhood largely features detached houses, accounting for 48% of sales, accompanied by condominiums at 34% and other houses at 6%. Condominiums are the most recent development trend for Forest Hill where the majority of units here offer 2 bedrooms. The current number of residents in the area is 10,926, however, it is projected that a 2.8% boost in population will be coming to the area. Homeownership stands at 56%, whereas 44% of locals here rent their homes.
For exclusivity, there is 11YV Condos, which is located at Yorkville Avenue and Yonge Street, in the heart of the luxurious Yorkville neighbourhood. The development will rise 62 storeys while containing 580 upscale suites --the ground floor will be comprised of 43,000 square feet of premium retail which will bring convenience right to your doorstep. Nearby is the Yonge and Bloor intersection, easily one of the city’s busiest. It’s also one of the only intersections in the city to provide subway access in all four directions, making it an easy starting point for those commuting either downtown or uptown. In fact, the site of this condominium scores a perfect 100 on its Walk Score and a 97 on its Transit Score. Talk about being in the centre of everything!
As a neighbourhood globally recognized for design and style, it’s only right that the development team working on this project will produce a series of contemporary units with designer finishes and touches of opulence. Some of the features will include a Miele appliance package and wine fridge, marble island with waterfall and an integrated dining table, beverage and entertainment centre, plus custom wine and stemware storage.
If waiting around for a high-rise to be completed isn’t your thing, then you will want to consider the mid-rise Gallery on the Park Condos, taking the number one spot. Set to start selling in early September, this proposed redevelopment of Galleria Mall will be a diverse mix of residential, retail, office, civic and recreational facilities which will comprehensively transform the current site into a high-density community.
Phase 1 of this project includes the demolition of the western portion of the Galleria Shopping Centre to facilitate the construction of the new Wallace Emerson Community Centre as well as 571 new residential units. The construction will also include multiple pathways intended for pedestrian use which will act as a connection to the retail promenade. The newly constructed streets will also connect to 5-Points Plaza which will be a great errand-focused destination for the community.
The overall project coined, “Galleria On The Park Master-Planned Community” aspires to solidify the site’s role as a community hub, create a space with a variety of mixed spaces, deliver housing options, focus on prioritizing active transportation, enhance local and regional transit, reflect the site’s industrial legacy and lastly promote design excellence. The future of this new neighbourhood is bright as it will soon become a city within a city.
Given the amount of hot project launches, we’re anticipating a busy fall sale season as we already have active buyers reaching out to us to secure units. The best way to secure your preferred unit is by gaining free platinum access and knowing the Steps to Buying a Pre-Construction Condo to ensure there are no surprises. Feel free to reach out to our knowledgeable agents who can get you up to speed on all these projects and more, here.