Breathtaking new condo and office tower proposed for the Toronto Islands
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With few places left to build new commercial and residential towers in Toronto s downtown core, the city is reaching a point where developers are now starting to eye up project sites previously thought to be untouchable.
It was only a matter of time before they came for the Toronto Islands.
A new development application submitted to the City of Toronto this week reveals that a consortium of major firms have teamed up to pitch a sprawling new mixed-use complex just across the waterfront.
Beer Store in Toronto to be incorporated into new boutique condo building
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Just one major intersection north of the massive complex coming to the Honest Ed s site and another new build directly across from it, a new condo development is slated for Toronto s Annex neighbourhood, which hopes to set itself apart with interior details inspired by the arts.
The Oscar Residences will be a boutique nine-storey mixed- building at 500 Dupont St. W, at the corner of Bathurst, where a sprawling Beer Store and parking lot currently sit.
Ontario home prices expected to reach new record average of almost $900K next year
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Home sales data and expert forecasts continue to reiterate how hectic the real estate market in Toronto is, and it s become quite unignorable for anyone who was ever hoping to own property in the GTA or even Ontario at large that it s going to keep getting less and less affordable to do so.
The latest report to sober anyone hoping to live in the province long-term comes from the Canadian Real Estate Association (CREA), which forecasts that the average price of a home in the province will climb to a staggering $855,218 this year, an unheard of 21.2 per cent higher than in 2020.
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