New Condos in Downtown Toronto

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    Discovering Downtown Toronto : A Guide to Living in One of Toronto’s Most Charming Neighbourhoods

    Downtown Toronto, also known as the “Garden District,” is a bustling neighbourhood in the heart of Toronto, Ontario, Canada. It is bounded by Grosvenor and Alexander Streets to the north, portions of Church Street, Victoria Street, and Bond Street to the east, Richmond Street to the south and Bay Street to the west. The area is home to a diverse population, including young professionals, families, and students, all drawn to its vibrant energy, proximity to top attractions, and easy access to public transportation.

    View New Homes Featured in Downtown Toronto ,Toronto

    Select the pre-construction homes, condos, detached homes, semi detached homes and townhomes based on the closing year.

    Centricity by Graywood Developments in Toronto

    Move in 2027

    TBD

    Centricity is a new landmark development coming soon to the heart of downtown Toronto located near Church & Dundas. Centricity offers its future residents with ultimate convenience being located walking distance from the Toronto Metropolitan University, Dundas Station, Streetcar Transit, Yonge-Dundas Square, CF Toronto Eaton Centre and so much more that the city has to offer! REASONS TO BUY* POPULATION INCREASE […]

    241 Church Condos by Graywood Developments in Toronto

    Move in 2024

    Introducing 241 Church Condos — a brand new 54-Storey condominium development coming soon to one of Toronto’s most highly desirable areas. Located at Church & Dundas St E, just east of Yonge St in the heart of the East Core — future residents will be directly in the epicentre of where technology, education, business, dining, shopping and nightlife […]

    Elektra condos by Menkes development Ltd. in Toronto

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    Move in 2027

    Introducing Elektra Condos, a striking new condominium that places you in the center of the action! Featuring a highly sought after address in Toronto’s downtown core at Jarvis & Dundas, residents at Elektra will have everything they could possibly need and more within arms reach. Located just minutes from Toronto Metropolitan University, the upcoming Ontario Line, College & Dundas Station, […]

    Real Estate Market in Downtown Toronto

    Downtown Toronto’s real estate market has undergone significant changes in recent years, with the development of numerous high-rise condominium buildings and an influx of young professionals seeking a dynamic urban lifestyle. In this section, we will provide an overview of the current real estate market in Downtown Toronto, including average housing prices and trends, as well as the types of properties available for those looking to invest in this vibrant neighbourhood.

    1. Overview of the current real estate market in Downtown Toronto:

    Downtown Toronto remains one of the most sought-after neighbourhoods for real estate investment in the city. It’s a vibrant cosmopolitan hub, popular with executives, arts and culture enthusiasts, students, and urban dwellers who thrive in high-energy environments. The region is generally bound by Grosvenor and Alexander Streets to the north, portions of Church Street, Victoria Street, and Bond Street to the east, Richmond Street to the south and Bay Street to the west. It’s an area easy to get around in, and many residents choose to walk, cycle, or take public transit when commuting to work.

    2. Average housing prices and trends:

    The Downtown Toronto real estate market saw a decline in the average housing price in 2021 due to the COVID-19 pandemic. However, the market has since rebounded, and the average price for condos in Downtown Toronto is now $665,000. In contrast, the average price for freehold properties, such as townhomes and detached homes, is $1.7 million.

    It’s worth noting that while Downtown Toronto has traditionally been a market dominated by condominiums, there has been a surge in the popularity of townhomes and other freehold properties in recent years. This trend is due to a combination of factors, including the desire for more space, the pandemic-induced work from home trend, and the increasing availability of these properties in the area.

    3. Types of properties available:

    Downtown Toronto offers a range of properties, including condominiums, townhomes, and freehold properties. Condominiums continue to be the most prevalent property type, accounting for 93% of sales, while townhomes represent 4%, and other buildings make up 2%.

    Most of the condos in Downtown Toronto have one bedroom, but there has been a recent increase in two and three-bedroom units. The average size of a condo in the area is approximately 700-800 square feet.

    In terms of styles, Downtown Toronto offers a range of building types, from art-deco towers to converted factories, high-rise buildings from the 1950s, and newer luxury condominiums. There has been an increase in the number of luxury condominiums in recent years, with towers of glass and prestige appearing throughout the neighbourhood.

    In terms of ownership, Downtown Toronto has a split of 66% renting and 34% owning. The average household income for this neighbourhood is approximately $92,055.

    Coming Soon Properties in Toronto

    The Wilde Condominiums by Chestnut hill developments in Toronto

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    Move in 2026

    The Wilde Condominiums is a new condo development by Chestnut hill developments currently in preconstruction at Toronto, ON. Reasons to Buy Connectivity & Transportation: Toronto offers exceptional connectivity with its extensive transit network, including the subway system, UP Express, streetcars, GO Transit, and the Eglinton LRT (Light Rail Transit). The city is also served by Billy […]

    The Winston Collection by Insoho developments in Toronto

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    TBD

    The Winston Collection is a new townhome  and detached home development by Insoho developments  currently in preconstruction at Toronto, ON. Reasons to Buy Prime Location: Opting for investment in 68 Churchill Avenue Towns provides the distinct advantage of a prime position within Toronto’s Willowdale West neighborhood. This locale offers urban convenience with seamless access to schools, […]

    Untitled Toronto By Reserve Properties and Westdale Properties in Toronto

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    Move in 2025

    Untitled Toronto is a new condominiums development by Reserve Properties and Westdale Properties currently in preconstruction at Toronto, ON. Reasons to Buy Reimagined Urban Living and Seamless Accessibility: Embracing Untitled Toronto Condos entails embracing a lifestyle defined by convenience and connectivity. Situated at 110 Broadway Avenue in the vibrant Yonge & Eglinton neighborhood, these residences boast an […]

    Esprit Condos By Urbino in Toronto

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    Move in 2025

    Esprit Condos is a new condo development by UrbinCo currently in preconstruction at Toronto, ON. Reasons to Buy Prime Location: Esprit Condos, positioned at 336 Pacific Avenue in Downtown Toronto, boasts an exceptionally coveted location. Its sought-after proximity to High Park, major retailers, and convenient access to public transit positions it as a compelling investment opportunity. The […]

    Factors to Consider When Buying or Investing in Downtown Toronto

    Downtown Toronto is a bustling and vibrant neighbourhood that is highly sought after by homebuyers and investors alike. With a range of properties available and a growing population, it’s essential to carefully consider various factors before making a purchase or investment. In this section, we’ll discuss some of the crucial factors to keep in mind when buying or investing in Downtown Toronto.

    1. Affordability and Budget Considerations:

    As of 2022, Downtown Toronto’s housing market has been experiencing an upward trend, with the average selling price for all home types reaching $1,129,889. However, the average price for a condominium in the downtown area is lower at $682,447. It is important to have a clear understanding of your budget and affordability, as well as considering additional expenses such as maintenance fees, property taxes, and utility bills when investing in this neighbourhood.

    2. Type of Property and Investment Goals:

    Downtown Toronto is predominantly a condominium market, accounting for 92% of all home sales. However, there are still options for townhomes, lofts, and other types of properties for those who prefer something different. It is important to consider your investment goals, whether it be for personal use or rental purposes, as well as the type of property that aligns with your lifestyle and preferences.

    3. Local Zoning and Regulations:

    Downtown Toronto has seen significant development over the years, with new buildings constantly being built. It is important to research the local zoning and regulations, especially if you are considering investing in a new development. The City of Toronto has implemented policies to promote sustainable development, including height restrictions and green standards. It is important to familiarize yourself with these policies to ensure your investment aligns with the city’s vision for the neighbourhood.

    4. Neighborhood Trends and Future Developments:

    As of 2023, Downtown Toronto continues to attract a diverse demographic, including young professionals, students, and families with children. It is important to research the neighbourhood trends and future developments to determine if it aligns with your investment goals. Downtown Toronto is expected to continue experiencing growth, with new developments such as The One and 80 Atlantic expected to be completed in the next few years. It is also important to consider the neighbourhood’s amenities, including shopping, dining, and entertainment options, as well as access to public transit and green spaces.

    Neighbourhood Highlights of Downtown Toronto

    Downtown Toronto is a vibrant and bustling neighbourhood, filled with endless opportunities for residents and visitors alike. From exciting community events and festivals to lush green spaces and world-renowned schools, there’s no shortage of things to see and do. In this section, we’ll take a closer look at some of the top neighbourhood highlights in Downtown Toronto, so you can discover everything this charming area has to offer.

    1. Community events and festivals:

    Downtown Toronto is a vibrant and dynamic neighbourhood that offers a wide range of community events and festivals throughout the year. From music festivals and food events to cultural celebrations and sporting events, there is always something to see and do in this lively neighbourhood.

    Some of the most popular events include the Toronto International Film Festival, Pride Toronto, the Canadian National Exhibition, the Toronto Caribbean Carnival, and the Santa Claus Parade. These events attract millions of visitors each year and provide an excellent opportunity to experience the energy and diversity of downtown Toronto

    2. Parks and green spaces:

    Despite being a bustling urban centre, downtown Toronto offers a variety of parks and green spaces that provide a peaceful escape from the city’s hustle and bustle. Some of the most popular parks include:

    • Allan Gardens: This historic park is home to a conservatory that houses rare and exotic plants from around the world.
    • Queen’s Park: This park is home to the Ontario Legislative Building and is a popular spot for picnics and outdoor activities.
    • Grange Park: This newly renovated park features a playground, splash pad, and a public art installation.
    • Harbourfront Centre: This waterfront park offers stunning views of Lake Ontario and hosts a variety of cultural events throughout the year

    3. Restaurants, bars, and cafes:

    Downtown Toronto is a food lover’s paradise, with an endless array of restaurants, bars, and cafes to choose from. Whether you’re in the mood for a casual brunch or a gourmet dinner, there is something for every taste and budget.

    Some of the most popular restaurants include:

    • Canoe: This upscale restaurant offers stunning views of the city from its 54th floor location in the TD Bank Tower.
    • Pai Northern Thai Kitchen: This trendy restaurant serves up authentic Northern Thai cuisine in a stylish setting.
    • Pizzeria Libretto: This popular pizzeria is known for its wood-fired pizzas and authentic Italian flavours.
    • Bar Isabel: This cozy Spanish tapas bar offers a wide range of small plates and craft cocktails.

    4. Schools and educational institutions:

    Downtown Toronto is home to a variety of schools and educational institutions, making it a popular choice for families with children. Some of the most notable schools include:

    • University of Toronto: This prestigious university is ranked among the top 20 universities in the world and offers a wide range of undergraduate and graduate programs.
    • Ryerson University: This innovative university is known for its programs in media, communications, and technology.
    • George Brown College: This community college offers a variety of certificate and diploma programs in fields such as hospitality, culinary arts, and design.
    • Toronto District School Board: This public school board operates a number of schools in downtown Toronto, offering a variety of programs for students of all ages.

    Job Market in Downtown Toronto:

    Downtown Toronto is not just a vibrant hub for entertainment and culture, it is also a bustling job market with numerous opportunities for professionals. With a strong presence of global companies and a diverse range of industries, Downtown Toronto offers a dynamic work environment that is highly in demand. In this guide, we’ll explore the job market in Downtown Toronto and highlight some of the top companies in the area.

    1. Overview of the job market in Downtown Toronto and Toronto

    The job market in Toronto is diverse, and Downtown Toronto is no exception. According to a report by the Toronto Regional Real Estate Board, the unemployment rate in the city was 6.3% in 2021, down from 10.7% in 2020. The report also indicated that the city’s economy is expected to grow by 6.7% in 2022, providing further job opportunities for residents.

    In Downtown Toronto, the most common industries for employment are finance, insurance, and real estate. The area is home to some of Canada’s largest banks, including the Royal Bank of Canada, the Bank of Montreal, and the Canadian Imperial Bank of Commerce. Other major employers in the area include law firms, technology companies, and healthcare providers.

    2. Strong companies present in Downtown Toronto :

    1. Royal Bank of Canada (RBC)  : As one of the largest banks in Canada, RBC has a significant presence in Downtown Toronto. The company offers a wide range of employment opportunities in areas such as banking, finance, and customer service. In 2021, RBC was named one of Canada’s Top 100 Employers for the eighth year in a row.
    2. TD Bank Group : TD Bank Group is another major Canadian bank with a significant presence in Downtown Toronto. The company employs over 85,000 people globally and offers a wide range of employment opportunities in areas such as retail banking, wealth management, and investment banking.
    3. Deloitte :  As one of the world’s largest accounting and consulting firms, Deloitte has a strong presence in Downtown Toronto. The company offers employment opportunities in areas such as audit and assurance, consulting, and tax services. In 2021, Deloitte was named one of Canada’s Top 100 Employers for the 17th consecutive year.
    4. Shopify :  Shopify is a Canadian e-commerce company that provides a platform for online stores. The company has its headquarters in Ottawa, but also has a significant presence in Downtown Toronto. Shopify offers a range of employment opportunities in areas such as engineering, product management, and marketing. In 2021, Shopify was named one of Canada’s Top 100 Employers for the third year in a row.

    Transportation and Accessibility

    Living in Downtown Toronto provides excellent transportation options, making it easy to move around the city. The area is well-served by public transportation, major highways and roads, bike lanes, and pedestrian walkways.

    1. Access to Public Transportation:

    The downtown core is served by the Toronto Transit Commission (TTC), which operates bus, streetcar, and subway routes throughout the city. The three major subway stations in downtown are King, Queen, and Dundas, with many other stations in close proximity. The Union Station is also located in the heart of the downtown core, serving as a hub for GO Transit and VIA Rail. The TTC also provides a reliable late-night service for those who work or want to explore the city after dark.

    2. Major Highways and Roads:

    Downtown Toronto is surrounded by major highways, making it easily accessible for drivers. The Gardiner Expressway runs east-west along the waterfront, providing a direct link to the Don Valley Parkway, which connects to the 401 Highway, one of the busiest highways in Canada.

    3. Bike Lanes and Walkability:

    Bike lanes in downtown Toronto have been expanding in recent years, making cycling a popular and environmentally-friendly option for commuting or running errands. There are many bike lanes throughout the downtown core, such as the Richmond/Adelaide Cycle Track, the Bloor Street Bike Lane, and the Wellesley Street Bike Lane. The city also operates a bike-sharing program called Bike Share Toronto, which provides an easy and affordable way to get around the city.

    Exploring the vibrant neighborhood of Downtown Toronto in Toronto is like taking a journey through time, where the old-world charm of Victorian-era architecture seamlessly blends with contemporary art, culture, and cuisine.

    Need to Learn More?
    Our expertise of Toronto’s real estate market is unsurpassed, and we would be delighted to assist you in making a wise choice. To schedule a no-obligation call where we may talk about your needs, fill out our form.

      Register Now for Platinum Prices and Incentives

      Are you realtor?* YesNo

      By signing up, you will receive more information regarding this project as well as be providing express consent to be on the Tall Property mailing and short message service list. You will have the option to unsubscribe at any time. We are pre-construction specialists and do not represent the developer.

      Frequently Asked Questions (FAQ) About Living in Downtown Toronto, Toronto

      • Unlike other cities with a large urban population, Toronto is not a dangerous city. Sticking to the safer neighborhoods and Downtown Toronto is a good way to ensure you’ll not fall victim to a petty crime. With a Global Peace Index of 1o in 2021, Canada is not a risky place for travelers.
      • There are about 35 corporations involved. It is possible to walk through the PATH from the waterfront to Downtown Yonge, and from the Entertainment District to Yonge St. all of which connect through Toronto’s world class Financial District.

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