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We have a passion for finding and featuring the most sought after and exclusive pre-construction condo projects in Toronto and the GTA. The pre-construction condo market is one of the fastest growing niches in Toronto real estate and helping our clients capitalize and enjoy beautifully designed and brand new living spaces, at some of the most exclusive Toronto addresses, makes us beyond proud.

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GTA Pre-Construction Condos

GTA comprises a variety of major cities such as Mississauga , Pickering , Markham , Vaughan , Etobicoke , Toronto , North York and more. It opens many investment opportunities as each city has something different to offer. GTA pre-construction condos see an average of 5% growth each year, making for an excellent long-term investment for those looking for stability.

Pre-construction condos also offer a flexible payment plan, which is helpful to those who want to dip their toes in multiple investments and also for first-time home buyers. The good news is that your GTA pre-construction condo will increase in price from the first day you purchase it and also makes for a good passive income stream.

With Canada opening its borders to more immigrants and people moving back to cities since the pandemic restrictions are lifted, the rental market is heating up, driving the demand for condos in GTA.

The real estate market constantly fluctuates, so there is never a “good time” to invest. If you’re looking for a healthy, stable market with excellent growth potential, then the GTA pre-construction condo market is the best investment option and primed for profit.

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11 Best Pre-Construction Condos Launching In Toronto In 2023 

• By Pierre Carapetian
• August 10, 2023

In North America’s fast-paced, new condo development market spotting the best pre-construction condos to invest in can be tough. Every year, developers announce new pre-construction units being developed in Greater Toronto Area (GTA) that are great for investment. But the problem is that all pre-construction project launches come with the same promise – “Register now before it’s too late”.  

Table of Contents

Amidst all this clutter, how do potential buyers or investors then identify a great pre-construction property? From my perspective, there are a number of other factors to consider when you’re looking to buy a pre-construction condo: from builder reputation to location and most obviously, the prices of pre-construction units in Toronto!

Below, I share my 6 best pre-construction condo projects for 2023 and later on in the blog, I go on to cover some of the basics for anybody new to the world of real estate investment.

11 New Pre-Construction Condos Launching In Toronto In 2023

Best deal pre-construction condo development: dawes condos.

Project Address: 10 Dawes Rd, Toronto, ON M4C 5A7

Developers: Marlin Spring Neighbourhood: Danforth Village

Launch Date: March 2022

Completion Date: 2023

REGISTER HERE

Main and Danforth, also known as Danforth Village is one of our favourite up-and-coming neighbourhoods in Toronto! This area has seen great price growth in recent years and yet is still on the cusp of gentrification. Ask our investors – specifically those that invested in the Linx Condos and Danny Danforth projects. Not to mention that real estate values favor properties on transit lines and this is one of the very few projects launching this year within walking distance of a TTC Subway Station and GO Station. If you’re thinking about investing in a pre-construction condo in Toronto in 2023, this is the project you won’t want to miss out on.  

Limited-Time Investment Opportunity: Fantastic incentives coupled with an up-and-coming neighbourhood make this one of our favourite deals available today in Downtown Toronto. Only a 10% deposit until 2025 and up to $33,000 in off-book incentives will have your money working for you and have your returns on this project outperform other Downtown Toronto condos.

Offer available for a limited time only: speak to a member of my team or book a call now !

Project Update: The Main – Tower II At The Dawes [Dawes 2 Condos]

Good news! If you missed out on The Dawes, the heavens heard you. You now have another shot at securing a unit in this incredible project! The Main at The Dawes or the Dawes 2 Condos – is the second tower and newest phase of The Dawes pre-construction project. It offers its residents much of the same benefits as at The Dawes. VIP registration for the project launched in May 2023 and the entire project is expected to be complete by 2025.

At the risk of repetition, if you’re looking for a pre-construction project on the east end of Toronto that’s accessible and packed with luxurious amenities – you will not find a better deal than The Dawes!

Book A Free Call To Learn More Today!

Best Pre-Construction Condos In West Toronto

316 junction condos .

Project Address: 316 Campbell Avenue, Toronto, Ontario, M6P 3V9

Neighbourhood: Junction Triangle, West Toronto

Developers: Marlin Spring

Launch Date: 2023

Completed Date: 2027 (est.)

REGISTER HERE!

Toronto’s West End is gentrifying at a rapid pace with Junction Triangle as its epicenter. According to me, Junction Triangle is an awesome neighbourhood for both investors and home buyers. Investors are going to love it because it commands a premium price and is under-supplied by only condos in the vicinity. A resident is going to love all the life and convenience the neighbourhood brings to their doorstep. In fact, with about 20+ only condos slated for development over the next 5 years, I believe that getting your feet wet early is a good idea keeping rental investments and the future market value of the unit in mind.

Yes, other pre-construction projects offer better transit connectivity and if that’s your “must-have”,  Dawes Condo  &  8 Elm Condo  might interest you more!  

Related:   5 Cheap Pre-Construction Condos Under 600K In Toronto

Bellwoods House

Project address: 111 Strachan Avenue, Toronto, ON

Developers: Republic Developments

Neighbourhood: King West 

Launch date: 2023

Completion date: TBD

REGISTER HERE NOW! 

I have a laundry list of reasons as to why I love this project but for your sake i’ll keep it short by starting with the neighbourhood. If you ask me, King West is one of the best neighbourhoods on the West end of Toronto. It has some of the best restaurants and entertainment venues in the city, some of the biggest parks in downtown Toronto (Trinity-Bellwoods and Stanley Park), great public transport connectivity and the waterfront is a hop, jump and skip away! As a result of all of this – the neighbourhood commands respect in the resale and rental market. 

Bellwoods House is a mid-rise condominium pre-construction project that’s occupying some prime real estate in the King West neighbourhood. I think it’s the perfect project for a family that loves life in Downtown Toronto. There’s luxury, there’s convenience, there’s the downtown vibe and there’s also an outdoorsy vibe with parks and the waterfront all offering a ready escape from the urban realities of life. 

But the biggest reason I love this project is its location. Yes, the neighbourhood is awesome. Yes, this project already has a transit and walk score in the 90s. But what if I tell you that it’s all uphill from here?   This project is smartly positioned between two future transit stations and I don’t think that’s reflected in the prices. If you’re convinced about the neighbourhood, give this project a second look. Sign up for all the exclusive launch deals because that’s where all the hidden value is!

646 Dufferin Street Condos

Project address: 646 Dufferin St., Toronto, ON, M6K B24

Developer : Block Developments

Neighbourhood: Brockton Village

Launch date: TBD

BOOK A FREE CALL TO LEARN MORE!

Brockton Village is an awesome neighbourhood in West Toronto to raise a family. I say raise a family but honestly even young professionals love this neighbourhood because everything you need is within walking distance. Yet, I stress on families because it’s a safe neighbourhood and there are a lot of quality educational and recreational facilities in the vicinity that can make your life as parents easier. I know how much that’s appreciated and that’s one of the reasons why I’m highlighting this particular pre-construction project!

646 Dufferin Street Condos is a mid-rise, premium luxury condominium with a walk score of 94 and an overall transit score in the 90s. You have the Dufferin Mall, the Museum of Contemporary Art, lots of public schools and lots of public parks – all within a 10-minute radius to rescue you on busy weekdays! 

This is not one of those projects in an up-and-coming neighbourhood or one that’s gentrifying at a rapid pace. It’s in fact a safe investment, in a safe neighbourhood that’s developed and cherished by families for its accessibility and educational facilities!

Best Pre-Construction Condo For Sustainable Living: Daniels MPV2 Condos 

Project Address: 1700 Bovaird Drive West, Brampton, ON, Canada

Neighbourhood: Mt. Pleasant Village, Brampton

Developers: Daniel’s & Choice Properties

Completed Date: TBD

Daniel’s MPV 2 Condos is an early, first-phase pre-construction condo with a design that’s deeply rooted in sustainable living. Located far away from downtown Toronto, it’s a master-planned community self-sufficient in its own right with public transit lines & acres, and acres of greenery filling the neighbourhood. Remember: this is just the first phase of the master community plan. When it comes to phased pre-construction launches, it is often the early bird who gets the worm – the worm in this comparison being equity gains as future launches will undoubtedly launch at higher prices. Not to mention, when it comes to renting or selling your condo, there is substantially less competition.  

Best Pre-Construction Condos Near A Transit Line

8 elm condos.

Project Address: 8 Elm St, Toronto, ON M5G 1G7 Developers: Reserve Properties & Capital Developments Neighbourhood: Downtown, Toronto Launch Date: 2022 Completion: 2027 (est.)

REGISTER NOW

8 Elm Street is the newest addition to Downtown Toronto Skyline, located at Yonge St/ Gerrard st W. The proposal is highlighted by the slender design which creates a tall thin tower. The residents of 8 Elm Condos will be just steps from Dundas Square and the newly-renovated Eaton Centre, one of the city’s major shopping destinations. Dundas Square is a major urban hub, lined with restaurants and office space, while the square offers festivals, live music and other attractions all year round.

Downtown areas like this command high rental rates and are unceasingly popular with some of the city’s top tenants, thanks to their proximity to world-class shopping, dining, transit, and high-density employment districts.  If you’re looking for an investment property in one of the city’s most buzzing pockets, this could be your ticket.

4800 Yonge Street Condos

Project address: 4800 Yonge Street, Toronto, ON

Developer : Menkes Developments Ltd. & QuadReal

Neighbourhood: Yonge-Sheppard

When I look at new developments in North York, there’s this tingling-excitiement that takes over my body because the prices simply seem too good to be true. New condos in downtown Toronto trade at about 1400 per square foot . In North York – as of today – similar new developments are trading at about 806 per square foot. That’s a steal. It’s an employment hub that’s undergoing a lot of development and I don’t see these prices staying steady for too long. I always advise my clients that the best time to invest is yesterday. I feel that’s going to hold especially true for properties in this region of the city! 

I think it’s safe to say that eveybody in Toronto wouldn’t mind living in a condominium with direct access to the subway. 4800 Yonge Street Condos is one such pre-construction development that gives its owners that opportunity and a lot more. I like this project a lot because it’s backed by some of the best developers in Toronto . I have invested in their projects before with a lot of success and that gives me some confidence to take into this project as well. After going through their detailed floor plans and overall plans for this project – I don’t see too many loopholes. Its location is fantastic, the building looks and feels modern and it has all the amenities that people look for in high-end luxury condominiums. It checks all my must-haves. If you can relate, I strongly suggest that you get in early on this to maximize the value of your investment!

Best Pre-Construction Condo In Downtown Toronto: Forma Condos

Project Address: 266 King St W, Toronto, ON M5V 1H8 Developers: Great Gulf Homes, Westdale Properties, Dream Unlimited Corporation Neighbourhood: Entertainment District Launch Date: 2023 Completion: TBD

Location! Location! Location! It doesn’t get any more Downtown or more exciting than The Forma Condos. This is the hottest and most architecturally significant project to launch since Bjarke Ingel’s building on King. While you’ll be paying a premium to own this historic Toronto building you’ll own a piece of history. Plus, this project isn’t set for completion for 8 years. That means you’ll get a long runway to hold your investment (work and worry-free) while the market appreciates. Get in on the first phase of this master-planned community.  Investment condos purchased in the early phases of masterplan communities are great for investors. Phased launches mean that future launches will set price-precedence, meaning you can only gain equity as future phases of the building launch.

Related: Condo Construction Timeline: From Sales To Occupancy

Best Pre-Construction Waterfront Condo In Toronto: Q Tower

Project Address: 200 Queens Quay West, Toronto, ON

Developers: Lifetime Developments & Diamondcorp Neighbourhood: Harbourfront

Completion Date: TBD

BOOK A FREE CALL NOW!

Nestled along Lake Ontario’s tranquil shores, Harbourfront emerges as a sought-after neighborhood for families and individuals that are obsessed with waterfront living. Its allure lies in the perpetual demand for condos, both resale and rental, due to which property prices are always on the high – a trend that I expect to continue for years to come!

Enter the spotlight, Q Tower – a waterfront marvel boasting a flawless transit score, a perfect 100/100. If you’re a regular reader, you understand the resale market’s preference for projects along the transit line. Q Tower promises more – the fusion of waterfront serenity and seamless transit access. Imagine the potential that lies within this project! Mark my words! This is a project worth turning your notifications on for.

Remember: when it comes to pre-construction condo investment – the early bird gets the worm. If you fancy this project, keep tabs on all early launches to get access to some of the most valuable deals. I assure you that your future self will thank you for it!

Best Pre-Construction Condo For A Family: Station 3 Condos

Project Address: 105 Colborne St, Whitby, Ontario Developers: Brookfield Residential Neighbourhood: Whitby, Durham  Launch Date: 2023 Completion: TBD

REGISTER NOW!

Station 3 Condos developed by Brookfield Residential is located in downtown Whitby – an hour’s drive away from downtown Toronto. Lake Ontario, Highways 401, 402 & 407 & Go Transit – and public schools, are all within a 10-minute radius. Whitby is a burgeoning neighbourhood in the Durham region. Job opportunities – among other developments in Durham – are attracting many new residents every year. As per the region’s projections, by 2031, Durham expects to face a shortage of 20,000+ homes. If you’ve been reading our blogs or are a keen investor yourself, you know what this means: high demand + low supply = investment opportunity! This project greatly appeals to families because of the multiple schools, colleges, parks and trials, the waterfront, and entertainment options nearby.

Best Pre-Construction Condo Near Downtown Toronto: Motto Condos

Address : 990 Bloor St, Toronto Developers: Sierra Communities

Neighbourhood: Dovencourt Park, Toronto Pre-Construction Launch Date: 2023 Completion: TBD

Motto Condos is a great opportunity to be part of a west-end stretch of Toronto’s downtown that’s seeing some dynamic transformations right now. This particular pocket – known as Dovercourt Park – is an excellent spot, home to shops, cafes, and community resources that are popular with young professionals and growing families. This new condo project is a sophisticated midrise set to both complement and enhances its existing neighbourhood.  

Re lated: 12 Best Luxury Condos In Toronto: Pre-Construction & More

Best Pre-Construction Condo In East Toronto: Residences At Bluffers Park

Project Address: 2800 Kingston Rd., Scarborough, ON M1M 1M7

Developers: Skale & Diamante

Completion Date: 2027 (est.)

Book A Call For More Information!

If you’ve gone through our blog on the up-and-coming neighbourhoods in Toronto , you know that we’re big on Scarborough Village on the east end of Toronto. This neighbourhood has been gentrifying at a rapid pace and I don’t think it has reached its peak just yet. 

I recently learned that the neighbourhood surrounding the Residences at Bluffers Park is expected to see 12,000 new units in the next couple of years! What’s really interesting though is how these projects have been appreciating in value in the past 5 years. Based on my research, the average sale price of units sold in this neighbourhood has gone up by nearly 30% – 40% in the last 5 years. Whether you’re a real estate investor or a potential home buyer, I’m sure that’s music to your ears. If history is to repeat itself, the Residences at Bluffers Park is a project that’s primed for profit. 

One of the developers’ promises to the residents of this project is easy and fast connectivity to downtown Toronto – and its location ensures that it delivers on this promise! Today, there are a couple of Go Stations close by (Kennedy & Scarborough) that make traveling to downtown extremely accessible! It’s truly a visionary project that guarantees its residents accessibility, luxury, and convenience along with the unique opportunity to destress by the Bluffers Park & Beach on hot sunny days!

Quick 101 On Buying Pre Construction Condos In Toronto 

Is buying a pre-construction condo a good idea .

Historically, condos in Toronto have been gaining roughly 6% equity year on year. But when it comes to pre-construction condos in Toronto, not all projects or even Platinum launches are equal. If you can afford to, I believe that investing in Toronto’s real estate market can yield much higher returns when done strategically. See my client’s above-average returns here . From an opportunity cost perspective, I believe that buying a pre-construction condo in Toronto is a good idea for those who first, can afford to and second, for those who want to leverage their funds and make their money work for them.

Search for your dream pre-construction condo on our new search page!

How To Buy Pre-Construction Condos In Toronto? 

Buying a pre-construction condo is different from buying a rental or resale condo in Toronto. Here’s a condensed 10-step process laying down how to buy a pre-construction condo in Toronto:

1. Choose a location: Identify the right location for you. Toronto is a big city. Condos in downtown Toronto are very, very expensive delivering on all counts of luxury. As you move towards the east and west, away from the center, (we love the East End!), condos start becoming more affordable. With that being said, the average price per square foot of a condo in Toronto has now exceeded $1400. But there are always deals to be found. Ask us about our exclusive off-book discount that we’ve negotiated on behalf of our buyers. We can’t share this one publicly so book a call with my team here .

2. Pick a good realtor: Next step is to pick a good Realtor – a partner – to help you with all the other steps in the process. We have a whole blog on “ how to choose a real estate agent ” but the gist of it is – do your research, interview many different Realtors (not just references from family and friends), and pick one that aligns with your values and investment objectives. Just as important though, pick a Realtor that has Platinum Access to the best pre-construction launches in Toronto and one who is an avid investor.

3. Inspect the list of launches for the year: Every year, as new pre-construction projects are planned, developers share their plans with the top VIP & Platinum brokers of the city. Some brokers analyze this list for you and share their recommendations directly with their clients. If they don’t, you need to analyze this list and identify properties with the potential to generate high returns. (P.S: I’m constantly analyzing the Toronto real estate market on the lookout for the best pre-construction condos in Toronto for my clients. In 2021, my investors realized equity gains of 8% to 28% on their 2018 Toronto pre-construction condo investments.)

4. Pick your investment opportunity: In addition to analyzing the overall project, real estate brokers, such as me look at some of the finer details relating to the unit: floor plans, amenities, square footage etc. Some brokers give you expected returns for each opportunity to help you make a better decision. Your job is to now pick the best opportunity that you feel aligns with your investment goals. Typically, my investors come to me as they would their financial advisor and I analyze their unique financial situation and make recommendations accordingly.

5. Secure your unit: Once you have decided and conveyed your decision to your real estate agent, you will need to send a few documents to finalize and secure your unit. (Eg: Identity proof like driver’s license, SIN etc.). It’s important to note that with popular Platinum stage launches that you’ll need a Realtor with Platinum Access and that just because you submit a Suite Request Worksheet for a specific unit doesn’t mean it’s yours. Find a Platinum Agent who has the pull with the developer and sales team as they will be your best bet at securing that highly competitive unit.

6. Sign the ‘Agreement Of Sale’ & pay your deposits: Next step for you is to sign the ‘Agreement of Sale’ that will be prepared by your developer. On signing the agreement, you will have 10 days to present your mortgage pre-approval letter to the developer. In case you need help getting this letter, some real estate agents help. (we do!)

7. Wait for one year prior to project completion: About a year before the project gets completed, you will be contacted by the developer to determine the nitty-gritties of your unit/suite. This is the pre-construction stage where you select your suite finishes. 

8. Prepare for interim occupancy period and closing costs: As the project nears completion, you will be notified of your interim occupancy date : the date from when you can begin living or leasing out your condo unit. Also, on interim occupancy buyers are expected to pay up the final installment of the deposit – in addition to other closing costs such as legal fees and Land Transfer Tax. 

9. You’re now a homeowner: Congratulations to you and your team – you made it, and you’re now a proud homeowner.   

Bonus: Hottest Exclusive Off-Book Discount

Our exclusive off-book discounts aren’t something we can advertise publicly. We harness the buying power of our Toronto Real Estate investors and our connections with Toronto developers to get our clients discounts that simply put aren’t publicly available. These discounts are structured to help you make your money work for you and dramatically increase your return on investment. Our last exclusive off-book discount saved our buyers on average $40,000 per unit and was so popular among investors that we sold nearly half of the building!

Ready to secure an off-book discount of your own? Book an investor consultation with me today for all of the details we can’t share publicly.  

Final Words

Hopefully, this little listicle on the best pre-construction condos launching in Toronto in 2023 introduced you to some new condo developments while giving you a small glimpse of how I think about real estate investments in Toronto.

Remember: these are just the top 6 pre-construction launches for 2023 – not the only ones. Check out our  pre-constructions  page for all of Pierre’s Top Picks . For more information on any of these pre-construction launches, the process, or anything Toronto real estate, book a free call and I’d be happy to help!

Pierre Carapetian

Pierre Carapetian is the Broker Of Record for Pierre Carapetian Group Realty with over 12 years of experience in the real estate market. As a proud Torontonian and real estate broker, he prides himself on knowing this city inside out. He started investing at the age of 18 and has facilitated over half a billion dollars in real estate transactions.

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New Pre Construction Condos For Sale Toronto

Looking for Pre Construction Condos for sale in Toronto? This article has got you cove­red. Explore Toronto’s condo market, its rich history of de­velopment, and all the late­st  pre construction condos in Toronto . Here, you’ll find valuable­ insights and information to guide your search for downtown Toronto’s dream condo. Ge­t ready to discover your perfe­ct place in Toronto’s captivating world of condos.

The Toronto Condo Market

The condo marke­t in Toronto has grown significantly over the years, changing the­ city’s skyline and urban landscape. The history of condos in Toronto can be­ traced back to the early 1970s whe­n Cadillac Fairview develope­d “The Kensington,” the first condominium proje­ct. Since then, numerous de­velopments have occurre­d, with Tridel and Menkes be­ing noteworthy names in industry leade­rship. Today, condos are a symbol of urban living in Toronto and offer potential buye­rs diverse options to choose from.

Toronto: A Vibrant State of Opportunities

Toronto, a cosmopolitan city situated on the northern shore of Lake Ontario offers an ideal blend of diversity, culture, and a thriving economy. The picturesque waterfront along with iconic landmarks like CN Tower highlights its charm. With an abundance of parks and green spaces positioned within its boundaries, Toronto provides a captivating backdrop for condo living. That’s why pre construciton condos Toronto is on high demand. This busy city has good schools and hospitals, making it a great place to live or visit. Toronto has a good transportation system that links all parts of the city. It lessens commuting stress and has lots of entertainment options for everyone’s taste.

Employment Rate in Toronto

Toronto has a thriving job market, bolste­red by a strong employment rate­. The city has many famous firms like TD Bank, Rogers Communications, and Shopify. They give job chances to its people. Toronto residents can earn between $31,000 and CAD $119,000 per year, on average. This makes it a competitive place to work. Investing in condos in Toronto is a great option for those who want stable career growth and comfortable living.

Accessibility and Getting Around

Toronto’s transportation system is excellent, making it easy to get around the city. The TTC runs trains, buses, and streetcars that go to different areas of the city. GO Transit offers regional conne­ctivity with the surrounding areas. Downtown key hubs such as Union Station, Yonge Dundas Square, and the Entertainme­nt District are conveniently acce­ssible. Those looking for convenient living spaces will find downtown condos in Toronto appealing due to the­ir location’s accessibility and convenience­.

Why Invest in Toronto Condos?

Toronto is full of investme­nt potential beyond its bustling condo market. The city has a good economy, many industries, and lots of culture. This makes it a great place for investing. From burgeoning enterprise­s to an illustrious artistic community, Toronto boasts alluring prospects for investors seeking long-term financial growth. Reports show that condo prices in the city are going up. This makes pre construction condos in Toronto a good investment for buyers from anywhere. Additionally, the rental market offers robust possibilitie­s for profit streams.

Average Condo Price in Toronto

When considering purchasing a condo in Toronto, it is important to understand the average prices and associated costs. The average price of condos in Toronto varies depending on the location, size, and amenities offered. Currently, the average price for a condo in Toronto ranges from CAD $400,000 to $2mil. Keep in mind that additional costs such as land transfer tax, development charges, and maintenance fees should be factored into your budget. It’s essential to work with a trusted realtor who can guide you through the pricing intricacies and help you find a condo that aligns with your financial goals.

How Much Down Payment for a Condo in Toronto?

Typically, when purchasing a condo in Toronto, the­ down payment required can range­ from 5% to 20% of the entire purchase­ price. Several factors de­termine the e­xact percentage such as your financial situation, le­nding institution requirements, and the­ purchase price. For instance, if you’re­ looking at a $500,000 condo, then your down payment could be anywhe­re betwee­n $25,000 and $100,000. It’s always better to discuss with a mortgage spe­cialist who can provide specific details on how much you ne­ed to put down based on your circumstances.

New Condos For Sale Toronto

Toronto’s thriving condo market is giving rise­ to new developme­nts across the city. This article highlights some of the­ exciting condos available in Toronto.

Q Tower Condos

• Lifetime Developments, Diamond Corp
• Q Tower is a new preconstruction condo development at Queens Quay and Lower Simcoe Street in Toronto by Lifetime Developments and Diamond Corp. Register now to get platinum incentives, Updated Q Tower Price List and floor plans.

Forma Condos

• Great Gulf, Westdale Properties, Dream Unlimited
• Forma Condos is a new preconstruction condominium project by Great Gulf, DREAM, and Westdale Properties located at 266-276 King street West in downtown Toronto. 73 storey East Tower is launching first with a suite mix of studios to 3 bedroom units. Available units range from $800s with occupancy scheduled for 2028. Sizes range from 376 to over 1300 square feet.

SkyTower Condos

• Pinnacle International
• SkyTower Condos is a new condo development by Pinnacle International located at Yonge street and Queen’s Quay East in Toronto. SkyTower at Pinnacle One Yonge has 835 residences ranging from 520 to 1035 square feet. Canada's Tallest PATH Connected residential tower located at 11 Yonge Street in Toronto.

290 Bremner Condos

• Camrost Felcorp
• 290 Bremner Condos is an upcoming preconstruction condo development at 290 Bremner Boulevard in Toronto by Camrost Felcorp. Register now to get VIP access, floor plans, and updated price List.

2002 Lakeshore Condos

• Marlin Spring Developments
• 2002 Lakeshore Condos is an upcoming preconstruction condo development at Windemere Avenue and Lakeshore Boulevard West in Toronto. 36 stories condominium by Marlin Spring. Register now to get VIP access, floor plans, and price List.

Freed Hotel & Residences

• Freed Developments
• Freed Hotel & Residences is a new preconstruction condo and hotel development at Adelaide and Duncan in Toronto's entertainment district. Located at 240 Adelaide Street West, $800 million skyscraper featuring Canada's first Katsuya restaurant in Toronto. Register for first access.

Is Buying a Pre Construction Condo a Good Idea?

Investing in a pre ­construction condos in Toronto brings several bene­fits. First of all, buyers can obtain units at lower prices than those­ offered once the­ project concludes, potentially le­ading to increased profitability. Secondly, purchase­rs have the ability to customize spe­cific features within their unit to match individual pre­ferences and pe­rsonal style. Finally, investing early in construction sche­dules may extend payme­nt periods for those intere­sted in spreading financial commitments ove­r time.

How to Buy Preconstruction Condos in Toronto

When conside­ring the purchase of a preconstruction condo in Toronto, it’s e­ssential to follow specific steps for a smooth and succe­ssful buying experience­:

→ First choose a neighborhood you want to live in. Then, find out about any new places being built or planned for that area.

→ One can e­asily inspect the list of launches for the­ year to stay updated on upcoming projects. You can prioritize by your choice, like cost, place or facilities.

→ To ensure­ a smooth buying process, it’s crucial to work with an experie­nced and reputable realtor like Preconreale­state.ca. With a specialization in new condos in Toronto, the­y offers valuable insights and can help you se­cure the best de­als available.

→ To choose the­ best preconstruction condo project, simply e­valuate potential returns on investment, demand for rentals, and marke­t trends when considering options for your investment opportunity.

→ To complete­ the purchase of your property, it is e­ssential to sign the ‘ Agree­ment of Sale ‘ and pay the de­signated deposits. Make sure­ not to rush into it and review eve­ry detail carefully.

→ The proje­ct completion timeline sugge­sts waiting for a year. It’s important to stay up to date on the construction progress and any updates from the developer.

→ Keep this in mind. There are a few costs to keep in mind when buying a home, such as interim occupancy fees and closing costs. Also, make sure you complete the mortgage approval process.

Bonus: Hottest Exclusive Off Book Discount

Preconrealestate values their clients and provides special discounts on pre construction condos Toronto. Contact us to learn more and take advantage of amazing deals for huge savings.

Toronto has many condos available for real estate investors. The real estate market in the city is doing well. It’s a good time to look for your dream condo in Toronto. This exciting opportunity shouldn’t be­ missed if you want to become part of the­ vibrant condo scene at Canada’s heart.

• Mississauga
• Richmond Hill

Burke Condos

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From   $1,132,900 – $2,413,900

By Concert  

• 53 Storeys / 501 Suites
• 954 - 1554 sq ft
• $1,132,900 - $2,413,900
• 1 - 3.5 Bedrooms
• Est. Completion 2023

Burke Condos is a new condominium development by Concert currently in pre-construction located at 603 Sherbourne Street, Toronto in the Cabbagetown neighbourhood with a 95/100 walk score and a 95/100 transit score. 

Burke Condos is designed by Arcadis. Development is scheduled to be completed in 2025. The project is 53 storeys tall and has a total of 501 units.

Burke Condos Details

Developer : Concert Architects: Arcadis Building Type: Condo Sales Status: Selling Development Status:  Construction Estimated Completion: 2025

Pricing & Fees

P rices: $1,132,900 – $2,413,900 Price/sq ft from: $1,116/sq ft Parking Price: $70,000 Locker Price: $6,500 Est Maintenance Fees: $0.59/sq ft/month4

Deposit Structure

Total Min. Deposit: 20%

$5,000 on Signing Balance to 5% in 30 Days 2% in 90 Days 2% in 180 Days 2% in 210 Days 2% in 350 Days 2% in 540 Days 5% on Occupancy

• Screening & Gaming Room
• Fitness Studio
• 24 Hour Concierge
• Communal Workspace
• Private Dining Room
• Rooftop Terrace
• Lobby Lounge
• Social Lounge

Floor Plans & Pricing

Floor Plans and Pricing are coming soon!  Register below to get notified when floor plans and pricing become available.

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Toronto Condos

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64 New Construction Detached & Townhomes in Toronto ( 2024 )

64 new pre construction detached, townhomes, or condos for sale in toronto , ontario | check out plans, pricing, availability for preconstruction homes in toronto.

1. 210 Bloor Street West Condos

Pricing not available, 210 bloor street west, toronto, on, canada.

Occupancy TBA

2. 101 Spadina

101 spadina avenue, toronto, on.

Occupancy Preconstruction

3. Alfie Condos

8 raglan avenue, toronto, on, canada.

Occupancy TBD

4. 8 Temple Condos

8 temple avenue, toronto, on.

5. Maison Wellesley Condos

506 church street, toronto, on, canada.

6. 400 Front Street Condos

400 front street west, toronto, on.

200 Queens Quay West, Toronto, ON

8. 5051 Yonge Street Condos

5051 yonge street, toronto, on.

9. 572 Church Street Condos

572 church street, toronto, on.

10. 45 The Esplanade Condos

45 the esplanade, toronto, on.

11. The Keeley Condos

Starting from low $799.99k, 3100 keele street, toronto, on.

Occupancy Est. Compl. 2023

12. 100 Lombard Street Condos

100 lombard street, toronto, on.

13. 145 St George Street Condos

145 saint george street, toronto, on.

14. 263 Logan Avenue Towns

263 logan avenue, toronto, on.

15. 611 Keele Street Condos

611 keele street, toronto, on.

16. 3730 Kingston Road Condos

3730 kingston road, toronto, on.

17. 3095 Eglinton Avenue East Condos

3095 eglinton avenue east, toronto, on.

18. 4566 Kingston Road Condos

4566 kingston road, toronto, on.

19. 1978 Lake Shore Boulevard West Condos

1978 lake shore boulevard west, toronto, on.

20. 3100 Bloor Street West Condos

3100 bloor street west, toronto, on.

21. 2150 Lakeshore Boulevard West Condos

2150 lake shore boulevard west, toronto, on.

22. 385 The West Mall Condos

385 the west mall, toronto, on.

Occupancy Est. Compl. 2025

23. 240 Adelaide Street West Condos

240 adelaide street west, toronto, on.

24. Rail Deck District Condos

595 front street west, toronto, on.

25. 75 Ontario Street Condos

75 ontario street, toronto, on.

26. Bay & Elm Condos

650 bay street, toronto, on.

27. Quayside Condos

Quayside community | 333 lake shore boulevard east, toronto, on.

28. Victory Silo Condos - North Block

351 lake shore boulevard east, toronto, on.

29. The Dawes

Starting from low $500k, 10 dawes road, toronto, on.

Occupancy 2025

30. Lakeside Residences

215 lake shore boulevard east, toronto, on.

31. Sugar Wharf Condos Phase 3

95 lake shore boulevard east, toronto, on.

32. 15 Toronto Street Condos

15 toronto street, toronto, on.

33. Chelsea Green Condos

33 gerrard street west, toronto, on.

34. Motto Condos

Starting from low $597.9k, 990 bloor street west, toronto, on.

Occupancy Est. 2025

35. Kipling Station Condos

Starting from low $400k, 5251 dundas street west, toronto, on.

36. Thirty Six Zorra Condominiums

Starting from low $625.9k, 30 zorra street, toronto, on.

Occupancy Est. 2023

37. Groove Urban Condominiums

133 vaughan road, toronto, on.

38. South Forest Hill Residences

Starting from low $2.18m, 63 montclair avenue, toronto, on.

Occupancy Est. 2026

39. Raglan House Condominiums

77 raglan avenue, toronto, on.

40. The Addison Residences

135 portland street, toronto, on.

41. Olive Residences Condos

36 olive avenue, toronto, on.

42. LSQ Condos

Starting from low $559.9k, 2305 sheppard avenue east, toronto, on.

43. Allure Condos

250 king street east, toronto, on.

44. 2500 Don Mills Road Condos

2500 don mills road, toronto, on.

45. 316 Junction Condos

316 campbell avenue, toronto, on.

46. River and Fifth Condos

Starting from low $1.1m, 5 defries street, toronto, on.

Occupancy Est. 2024

47. Centricity Condos

241 church street, toronto, on.

48. CAVO Condos

12 cordova avenue, toronto, on.

49. Cliffside Condos

2151 kingston rd, scarborough, on.

50. 54 Glen Everest Condos

54 glen everest rd, toronto, ontario.

Occupancy 2023

51. 234 King Street East Condos

234 king street east, toronto, on.

52. Westbend Residences

Starting from low $600k, 1660 bloor street west, toronto, on.

53. Clonmore Urban Towns

Starting from low $1.05m, 168 clonmore drive, toronto, on.

Occupancy Est. 2022

54. Daniels on Parliament

365 parliament street, toronto, on.

55. The Narrative Condos

Starting from low $450k, 7437 kingston road, scarborough, on, canada.

56. 252 Church Condos

Starting from low $542k, 252 church street, toronto, on.

Occupancy Late 2024

57. The Forest Hill Condominiums

Starting from low $1.17m, 859 eglinton avenue west, toronto, on.

Occupancy Est. Fall/Winter 2022

58. Huntingdale Towns

Starting from low $800k, 3069 pharmacy avenue, toronto, on, 59. westline condos, starting from low $614.99k, 1100 sheppard avenue west, toronto, on.

60. Alias Condos

114 church street, toronto, ontario, canada.

61. 290 Old Weston Road Condos

290 old weston road, toronto, on canada.

62. East Pointe Condominiums

4569 kingston rd, scarborough, on canada.

Occupancy Spring 2024

63. Oscar Residences

500 dupont st, toronto, on canada.

Occupancy 2024

64. Mount Dennis Townhomes

955 weston road, toronto, on canada.

Page 1 of 64 Results

Check out Pre-construction assignments for sale in Toronto

$ 1,199,000 684 Sqft

Occupancy - June 2027

Queen St E & Church St,

Bay Street Group Inc., Brokerage

$ 850,000 598 Sqft

Occupancy - Winter 2024

Spadina Ave & Front St W

$ 549,000 617 Sqft

Occupancy - December 2023

165 Canon Jackson Drive Unit 308

Olesya Andrianova

REVEL REALTY INC

$ 690,999 539 Sqft

Occupancy - Nav 2023

250 Lawrence Ave

Ravi Godara

Elixir Real Estate

$ 740,000 539 Sqft

Occupancy - Oct 2023

Lawrence Ave/ Avenue Road

Be Smart. Be Quick

Get in the line before someone else does.

Dolphin Realty

Speak to an expert agent

Homebaba is an online pre-construction homes database. Homebaba curates the list of projects that are publicly available on internet and does not take part in any real estate transactions. Be advised the information provided on this page could be outdated or inaccurate. By submitting above form you consent the real estate agents advertising on this page to connect with you. We may share your info to our partners or advertisers to help you with your questions. You can unsubscribe at any time by emailing us.

See nearby new construction Condos, Detached & Townhouses near Toronto

The Jake Condo

101 golden eagle road, waterloo, on.

Starting from low $949.99K

Muriel street & gorham street, newmarket, on.

Devonshire Park

Starting from low $537.55k, 31 sheilagh ball cove, winnipeg, mb.

Vidal Condominiums

101 bayly street east, ajax, on, canada.

Electric Ave

Rymal road east, hamilton, on.

Unionville Upper East Side

Starting from low $1.28m, major mackenzie drive & woodbine avenue, markham.

Hewitt's Gate

Starting from low $649.99k, hewitt's gate community | hay lane, barrie, on.

The Ridge Towns

Starting from low $672.99k, borrisokane road, ottawa, on.

Occupancy Move In 2025

6444 Silver Avenue Condos & Townhomes

6444 silver avenue, burnaby, bc.

Twelve at Norquay Park Towns

Starting from low $1.2m, 5080 chambers street, vancouver, bc.

Occupancy Est. Compl. Fall 2023

Pre construction homes in Toronto, Ontario

Looking for pre-construction homes in toronto, ontario explore your options for condos, townhouses, and single homes in toronto, and discover the benefits of customizing your new home before it's built. with a growing economy and real estate market, toronto is an excellent location to invest in a pre-construction home., top new pre construction homes for sale in toronto.

• Kipling Station Condos - By CentreCourt | Location : 5251 Dundas Street West, Toronto, ON
•  Allure Condos - By Emblem Developments | Location : 250 King Street East, Toronto, ON
• Olive Residences Condos - By Capital Developments | Location : 36 Olive Avenue, Toronto, ON
• Raglan House Condominiums - By Camrost Felcorp and Trolleybus Urban Development Inc | Location : 77 Raglan Avenue, Toronto, ON
• LSQ Condos - By Almadev | Location : 2305 Sheppard Avenue East, Toronto, ON
• South Forest Hill Residences - By Parallax Development Corporation and Westdale Properties | Location : 63 Montclair Avenue, Toronto, ON
• The Addison Residences - By Adi Development Group | Location : 135 Portland Street, Toronto, ON
• 316 Junction Condos - By Marling Spring Developments | Location : 316 Campbell Avenue, Toronto, ON
• Centricity Condos - By Graywood Developments | Location : 241 Church Street, Toronto, ON
• CAVO Condos - By Minto Communities | Location : 12 Cordova Avenue, Toronto, ON
• River and Fifth Condos - By Broccolini | Location : 5 Defries Street, Toronto, ON

See all the Pre construction condos for sale nearby

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The prices of houses in Toronto are expected to rise 6% by 2021 across almost all property types .

Toronto is the provincial capital of Ontario province of Canada and the largest city in Canada. It covers the total land area of 630 square kilometers . The city resides alongside hills rising out of lake Ontario. It’s land structure is quite flat for the most parts and hilly in some parts.

Toronto is the most populous city in Canada and fourth most populous city in North America .

Life in Toronto Neighbourhoods

Toronto is the most cosmopolitan city in the world and the hub for immigrants from all around the globe. It showcases the most diversified neighbourhoods which inhibits the people form different cultural, ethnical, and economical backgrounds. The fact that populations from diverse backgrounds share the same neighbourhood is like the cherry on top for future immigrants as well.

Festivals in Toronto

Canadian Music Week

Cavalcade of Lights

Doors Open Toronto

Bud Light Dreams Festival

Honda Indy Toronto

Beaches International Jazz Festival

Hot Docs International Documentary Film Festival

Leading Neighbourhoods in Toronto

 House Market of Toronto

Toronto builders prefer condos/condominiums over rental buildings entirely driven by the fast money in condos/condominiums business. Very tiny percentage of residential properties are built as rental buildings. Rental buildings aren't budget friendly either. So, condos and condominiums maintain their consistent demand.

  Rental Property Types in Toronto,Ontario

Condos/condominiums : 89.1%

Rental buildings : 10.9%

Real Estate Investors also prefer condos as it favours fast return in their investments. This house trend doesn't seem to be going away soon in the coming future. Condo market is blooming in Toronto more than most other places due to consistent interest from real estate investors.

Toronto isn't exactly a budget friendly place to live but it is worth the money if you can afford it. The average living cost in Toronto is around $32,885 per year. The major part of your income has to be kept aside for shelter/household expenses. 

The estimated monthly cost on above categories is

(Movies, Weekend Getaway, Night Outs, Fancy Dining )

$1672.13 on rent/mortgage 

$354 on entertainment

(Monthly Bus Fare, Maintenance cost if you own a vehicle )

$283.60 on groceries

$176.25 on transportation

(Gym Membership, Diet Cost, Trainer Fees )

$127.50 on phone and internet

$75 on fitness

(Home Insurance, Life Insurance, Vehicle Insurance)

$52 on insurance

Streets, Parking & Transportation in Toronto

Toronto transit commision(ttc) is currently the main public transport service provider in toronto. ttc runs daily and weekly passes for unlimited rides in its subway, streetcars and busses. other than those mentioned above, you can also take a ferry, taxi, car or bike to get around toronto. if you intend to explore the streets of toronto by bike, you can use a bike share program, bike share toronto. there are about 300 stations, so it is not a huge task to find a bike on the go. you can get a pass for $7 and ride for an entire day.  parking it is not a difficult task to find a parking spot in toronto if you know where to look. the parking fare varies between $1-$4 per hour depending on the area of the city. sometimes you might be able to utilize temporary on-street free parking but mostly you will have to pay.  major streets of toronto: queens quay mill street front street queens street wellington street king street adelaide street estern avenue lake shore boulevard, weather of toronto, toronto is one of the warmer cities in canada, still the ground is covered by snow for at least 65 days of the year on average. the weather in toronto is largely affected by lake ontario. toronto experiences warm summers and very severe unexpected winters which can last for a frustratingly long time. winter is complemented by the snow deeper than 1cm on the ground mostly during the days between late december and early march. however, the presence of lake ontario prevents the weather from getting even more severe than it currently is., education in toronto, toronto is the center for education, research and innovation in canada. it shelters many world-renowned academic institutions and a large proportion of the highly educated population. several hundreds of private and public schools for elementary and primary education. some of the top schools are : upper canada college (sk-12) royal st. george’s college (3-12) university of toronto schools (7-12) st. andrew’s college (5-12) old orchard public school (k-6) pape avenue public school (k-6)   university of toronto is the most reputed among all educational institutions. it has many affiliated medical hubs which are used as medical research facilities and teaching schools in toronto. university costs tuition fees vary from one university to another. university costs are usually very high for international students as compared to locals. the average cost for a 4 year university program is about $63,603 without residence.   most popular courses architecture  commerce and management medical engineering computer science psychology favourable areas for students residence most parts of downtown toronto pretty much fulfill the safety standards. but if you are intending otherwise, then some of the favourable residential neighbourhoods the annex north york trinity bellwoods don mills greektown health care system in toronto if you apply for the public health insurance, then you will receive free health services in toronto. in order to receive the services of ontario health insurance plan(ohip), you have to be a resident of ontario for at least 3 months. you have to be either a canadian citizen or permanent resident to be eligible for these services. major hospitals in toronto toronto general hospital st. joseph’s health care the salvation army toronto grace health care  toronto western hospital mount sinai hospital university health network, food scene of toronto, toronto’s population is very diverse and it has a great impact on the city’s food scenario. you get a large variety of cuisines to choose from. different cuisines are especially popular in different parts of the city. it won't be wrong to say that you will definitely find your taste in toronto. popular cuisines in different parts of toronto authentic chinese and vietnamese cuisine in city’s chinatowns korean cuisine in koreatown greek cuisine in the danforth italian cuisine in little italy and corso italia indian/pakistani cuisine in the little india toronto for doing business toronto is not only canada's business and finance hub but also a top ten global financial centre. toronto is growing in almost every sector of business from food and beverages to technology, fashion industry, arts and life science, film and television production to music industry. it is home to the headquarters of many global  financial service companies. the large population of the city favours many businesses.   the gdp growth rate of toronto is approximately 3.3%. pride of toronto there are some of the prestigious awards and tributes which are presented every year to appreciate every contribution for toronto’s glory. awards agnes macphail award access, equity and human rights award toronto urban design awards toronto’s greenest choice the pam mcconnell award for young women in leadership the mayor's community safety awards   toronto sport hall of honour garden contest  tributes flag-raising and half-masting remembering hrh prince philip proclamations, congratulatory scrolls and letters of greeting commemorative tree and bench program key to the city fallen firefighter memorial toronto paramedic service memorial wall  freedom of the city toronto remembers getaways and nightlife of toronto alongside bustling city life and busy streets, toronto has incredible nightlife. there are a lot of classic nightclubs, bars and pubs with international djs and artists for you to spend your friday nights. it is one of the top three cities in canada having the best nightlife. but you have to keep in mind that toronto is not the most affordable. toronto is an incredible place to live, but sometimes it's nice to escape the city life and explore what's out there in the world. there are some amazing weekend getaway destinations within close radius of toronto niagara falls niagara falls is by far the most exciting and easiest getaway destination from toronto. it is just about 1.5 hours down the highway. as for the accommodation, there are plenty of options based on your budget, however falls view rooms are worth it if you can pay the exclusive price. niagara falls is an adventure in itself and there are plentiful of other discoveries that come with it. cn tower cn tower is toronto’s royal treasure. you don't have to travel even a millimeter outside the city to immerse into the experience of this architectural triumph. it is often said that the cn tower is overpriced, but hey it's worth the price. you should definitely visit the canadian national tower at least once. royal ontario museum royal ontario museum is the largest museum in canada.it's just about 5 min ride from downtown toronto. along with forty galleries and over six million items, it’s exterior design and architecture is also the centre of attraction. it is definitely worth a visit and can be a great learning experience. blue mountain and collingwood blue mountain and the adjacent town of collingwood is an ideal weekend getaway destination for about anyone. it's about 2hours ride from toronto. it's not just the view but the adventures that come along like hiking, snow skiing and so on. if you are visiting during summer, attending the elvis festival is non negotiable. algonquin provincial park if you want to escape the loud city noises and slide right into nature, you should definitely be on your way to algonquin provincial park. it is just about a 3 hours ride from toronto. accommodation and dining shouldn't be a problem for any budget.based on your interests, you can go for brook trout and lake trout fishing, or just sitting by the lake peacefully can be an immersive experience, or head out to algonquin’s hiking trails. ripley’s aquarium ripley’s aquarium is one of toronto's most exotic collections of aquatic creatures. it has more than 15,000 marine creatures on display. there is a large tunnel walkway that leads through the most dangerous lagoon gallery, which features sharks, sawfish and sea turtles. wasaga beach wasaga beach is the longest freshwater beach in the world and an amazing summer getaway destination for torontonians. it is about 2hours ride from toronto. the beach town makes everything even better with its vibrance. if the weather is favourable, you will definitely encounter a huge crowd on the beach., check out the video on daniels on parliament in toronto, moving to toronto, ontario discover what makes it a great place to live check out more pre construction homes in toronto disclaimer : the content written above are just personal opinion of homebaba staff and do not guarantee to be factual or accurate. the information on this page are collected from publicly available websites and may not have updated or verified for accue. the information provided above should not be taken as an advice or recommendation in any way. homebaba does not provide any real estate advice or recommendation. talking to liscenced real estate agent or real estate broker is recommended for any advices and recommendation. homebaba.ca does not guarantee the accuracy of the data provided on this page or across the platform.   .

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Top 10 Condo Projects Launching in the GTA This Fall 2023

One of the most exciting times of the year has arrived, and it's not because back-to-school season is upon us. This Fall, a multitude of captivating condo projects are set to launch, and we've compiled a comprehensive list counting down the top 10 upcoming condo projects across the GTA.

Explore all the magnificent highlights of these ten projects from Toronto to Vaughan, Scarborough and Pickering and see why each project made the list of the most anticipated projects coming this Fall 2023.

Remember to sign up for our Online Investment Seminar to learn about all the growth coming to the GTA, why you should invest today for your tomorrow, and how we can help you determine which condo project is best for you.

10. Stationside Condos Ontario Street S / Main Street E Milton

Quick Facts 2 minutes to Milton Mall 3 minutes to downtown Milton 4-minute drive to Milton GO Station 8 minutes to Milton District Hospital 9 minutes to the upcoming Wilfred Laurier Campus at Milton 9 minutes to Highway 401

Rounding out the Top 10 is Stationside Condos in the fast-growing Milton region. This ultra-modern two-tower development signals the newly emerging core of downtown Milton. With two dazzling towers rising 19 and 23 storeys high, this development will include a combined total of 612 exquisite suites. Plus, this residence will provide nearly 24,000 square feet of rooftop amenity space, including lounging and dining areas, plenty of green space to run around, sections of shade and trees, and wide walkways.

Milton is one of Canada's fastest-growing regions and plans to expand further as a designated Urban Growth Centre. The population is expected to grow from 110,000 currently to 228,000 by 2031, creating endless possibilities for residents, businesses, students and investors. New developments within the downtown core alone include the Milton GO Station Expansion and the upcoming University of Laurier Milton Campus.

The Town is eager for the 2024 opening of a new Wilfrid Laurier University post-secondary campus at the 400-acre Milton Education Village Innovation Centre. The multi-phase development is expected to accommodate 6,700 students and focus on university and college academic programs in high-demand fields such as science, health care, engineering, technology, and business. Best of all, this new Campus is under 10 minutes from Stationside Condos, providing incredible opportunities for investors in search of student tenants. And with the Milton GO Station Expansion just steps away, Stationside is a conduit of accessibility. How could we not include this ambitious condo project emerging in a region looking to double in size within the coming decade?

9. Landa Place Condos Kennedy Rd / Sheppard Ave E Scarborough

Quick Facts 1 minute to Highway 401 2 minutes to Kennedy Commons 2 minutes to Agincourt Mall 4 minutes Agincourt GO Station 6 minutes Scarborough Town Centre 9 minutes to the University of Toronto-Scarborough Campus 10 minutes to Centennial College-Progress Campus.

Landa Place Condos is a new high-rise condominium development that adds vibrancy and height to this growing Scarborough neighbourhood. This ambitious pre-construction project will add three towers, 31, 34 and 36 storeys high, totalling 1,347 units. Plus, a public park will be built that is expected to connect with a privately owned publicly accessible open space, creating an oasis in the heart of this growing region.

The connectivity and demand at Landa Place will be catapulted thanks to upcoming transit improvements and expansions coming to Scarborough. The much-anticipated Scarborough Subway Extension will be pivotal in connecting Kennedy Station to Sheppard Avenue and McCowan Road, providing quick and seamless transit for those heading into and out of the downtown core and those travelling within Scarborough. The extension will replace Line 3 (the Scarborough RT), helping to reduce travel times and improve access to jobs, schools and other key destinations throughout the city. This expansion will add access to other transit systems, including GO Transit, Durham Region Transit and TTC buses.

The Eglinton Crosstown LRT is also coming to Scarborough, with a final station at Kennedy, further simplifying access to Landa Place Condos. And, of course, as a region in Toronto, you know this Scarborough development will feel the heat of the housing shortage. With over 1.5 million homes needed over the next decade, investing in a project like this in its early stages is a sound way to watch your money grow.

8. BLVD. Q Condos Islington Ave / The Queensway Etobicoke

Quick Stats 3 minutes to Gardiner Expressway and Highway 427 4 minutes to Mimico GO 5 minutes to CF Sherway Gardens 7 minutes to the Kipling Transit Hub 7 minutes to Islington Station 8 minutes to Humber College – Lake Shore Campus 15 minutes to the University of Toronto – Mississauga Campus

BLVD. Q Condos is an 11-storey, boutique-style condominium with 210 residential suites. It sits at 935 The Queensway in Etobicoke, just moments from the above-mentioned Joya Condos. Located at 935 The Queensway in Etobicoke, the design of this development features a modern exterior, large glass windows and balconies. Plus, this condo will offer over 5,000 square feet of retail space on the ground floor and over 2,000 square feet of amenity space on the main floor and 2 more floors.

As one of Ontario's 25 designated Urban Growth Centres, Etobicoke is set to become one of the province's most significant employment and housing powerhouses. Etobicoke expects to reach 66,000 people and jobs by 2031. At the same time, the City of Toronto looks to grow by 33% reaching 3.9 million people by 2041. With the wave of new residents coming to Etobicoke and Toronto, the demand for homes will reach unparalleled heights. Investing in Etobicoke is your opportunity to invest in Toronto's tranquil neighbourhoods without the hassles of the city's core.

7. Joya Condos Islington Ave / The Queensway Etobicoke

Quick Facts 2 minutes to Gardiner Expressway and Highway 427 4 minutes to Mimico GO 4 minutes to CF Sherway Gardens 6 minutes to the Kipling Transit Hub 6 minutes to Islington Station 7 minutes to Humber College – Lake Shore Campus 15 minutes to the University of Toronto – St. George Campus

We are overjoyed to introduce Joya Condos, coming to a growing area in one of Etobicoke's most vibrant neighbourhoods, Joya is located at 1045 The Queensway. This project will be a 12-storey mid-rise development with over 280 new condominium units with studio to three-bedroom units available. Residents and investors will enjoy the convenience of effortless commutes, access to nature, and some of the best shopping and dining destinations the GTA has to offer. Joya is your happy place.

As we have seen, Etobicoke is rising with visions of growing into an economic and transit-oriented powerhouse. To help accommodate the surge in people, the city has recently completed a conveniently accessible transit hub just minutes from this address. Travel around Etobicoke has become incredibly efficient with the completion of the $73 million Kipling Station Transit hub. Within minutes, residents have access to UP Express, MiWay and TTC Bus Transit, Streetcar Transit, four GO Stations, and three Subway Stations, making it incredibly easy to get to where you need to go faster than ever before. Why not invest in Etobicoke this fall?

6. The Riv Condos River St / Shuter St - Dundas St E Toronto

Quick Facts 7-minute walk to the upcoming Sumach Subway Station 10 minutes to the streetcar 6 minutes to Riverdale Park 6 minutes to Distillery District 8 minutes to Leslieville 12 minutes to St.Lawrence Market

The Riv is a new high-rise condominium coming to Toronto's transforming Regent Park neighbourhood along the banks of the Don River. The Riv Condos will feature expansive balconies and terraces, offering lively views of the neighbourhood and the adjacent river. This project has over 388 suites ranging from studio to three-bedroom units. It will include 18,000+ square feet of unique and luxurious amenities, including a tech lounge/podcast studio, arts & crafts studio/tool annex, soirée lounge, and a speakeasy!

Investing in Toronto shouldn't be a question, especially when you're investing in a transforming neighbourhood such as Regent Park. This condo will be submerged in the city's rapidly changing infrastructure. Moments away will land you in Toronto's fast-growing high-tech industry hub and the East Harbour revitalization. The tech industry has increased by 40% in the last five years and shows no sign of slowing down.

At the same time, East Harbour is set to accommodate 50,000 new jobs and 12 million square feet of commercial and retail space with the coming of a new transit-oriented community. This development includes the East Harbour Transit Hub, which will support regional connectivity, including the GO Train (Lakeshore East and the Markham/Stouffville line), SmartTrack services, future TTC light rail transit (linking the Queens Quay LRT with Broadview Avenue) and the Ontario Line subway. The sky's the limit when you take the opportunity to invest in Toronto.

5. Reside On Richmond Bathurst St / Richmond St W Toronto

Quick Facts 1-minute walk to Queen Street 4-minute walk to King 4-minute walk Future Ontario Line King x Bathurst Stop 10 minutes Trinity Bellwoods Park 15 minute streetcar ride to Yonge Street

Reside On Richmond Condos is a new mixed-use high-rise condominium in Toronto. This 18-storey pre-construction project with 216 units will be located at 627 Richmond St W in the coveted West Queen West neighbourhood. What makes this condo stand out? Not only is it minutes from everyday urban conveniences, but this condo project will accommodate a 6,000+ square foot grocery store into its design. Plus, it will contain a range of suites, from studios to three bedrooms and top-of-the-line amenities, making it an exceptional place to live and invest in.

Living in downtown Toronto has its perks. This condo will sit at an address with near-perfect connectivity scores. You can taste the city's stylish side on King or experience the city's creative side on Queen. With new business openings and employees returning to work in-office, downtown Toronto is booming more than ever. Plus, this area is about to get more convenient with the upcoming Ontario Line just a 4-minute walk from your door. Hop on at King and Bathurst and travel across the city in under 30 minutes.

Toronto is one of the fastest-growing cities in North America. This city's population is expected to grow an awe-inspiring 98% by 2041. Driven by nearly 500,0000 new immigrants arriving in Canada every year from 2023 to 2025, the job market is also projecting 316,000 new jobs by 2041.

4. V City Condos Jane St / Hwy 7 Vaughan

Quick Facts 2-minute walk to Niagara University 5-minute walk to VMC Subway Station 5 minutes to MiWay from Vaughan Metropolitan Centre 5 minutes to GO Transit from Vaughan Metropolitan Centre 5 minutes to Woodbridge Square 9 minutes to Vaughan Mills

V City Condos is a new mixed-use high-rise condominium coming to the inspiring and visionary Vaughan Metropolitan Centre (VMC). This development will consist of two towers rising 45 and 49-storeys with a 7-storey connecting podium. There will be 1,018 new residential units with a full range of housing options and convenient access to the TTC Subway, Highways 400 and 407.

Why invest in Vaughan?

• $3.2 billion invested into the city by the Government
• It has one of the fastest-growing populations in the GTA
• 1.65 million square feet of new commercial office space coming to the VMC
• The only city outside of Toronto that has direct access to the TTC

Vaughan is a city with a plan. As one of the fastest-growing regions in the GTA, this area looks to add 11,500 new jobs in the VMC, 40,000 new residents, and 20,000 new residential units, growing by nearly 70% by 2051.

The Vaughan Metropolitan Centre is one of Canada's most exciting urban transformations that you can invest in this Fall. Plus, this City is already appreciating in value. The average annual resale appreciation rate between 2012 and 2022 was 7.7%, and the average rental appreciation rate annually for the past ten years has been 4.1% – investing in a pre-construction condo in this area is almost guaranteed appreciation. This region will become a transit-oriented, family-friendly, pedestrian-focused dynamic hub for commerce, culture, recreation, parks, and urban living.

3. Q Tower York St / Queens Quay W Toronto

Quick Facts 10-minute walk to CN Tower 10 minutes walk to Ripley's Aquarium 10-minute walk to Union Station 12-minute walk to Union Station - connections to the TTC, GO, UP, and VIA Rail services. 2 minutes to Metro Toronto Convention Centre 3 minutes to Rogers Centre 5 minutes to George Brown College - Waterfront Campus 9 minutes to the University of Toronto - 10 minutes to Toronto Metropolitan University

Q Tower Condos is emerging in the core of downtown Toronto! This new urban high-rise condominium will sit at 200 Queens Quay W in one of the city's most coveted neighbourhoods, with the best views in the city and incredible access to urban amenities. This pre-construction condo will rise 60-storeys high and provide 1,003 units ranging from studio to three-bedroom suites. The ground floor will showcase a contemporary building lobby, along with street-level retail units, adding to the overall appeal and convenience of the project. Did we mention this project is collaborating with esteemed contemporary artist Michael Moebius? Prepare to be captivated as his iconic art pieces grace the halls and spaces of the Q Tower.

This condo's prime downtown location makes it an incredible investment opportunity. This locale scores an impressive 97 Walk Score and a perfect 100 Transit Score with connections to the city and beyond. You're just a 10-minute walk from your doorstep to Union Station, giving you access to TTC routes, GO transit, the Union Pearson Express transit, and VIA Rail services. Plus, you're steps from incredible employment hubs, including the Financial District, Entertainment District, Harbourfront and more!

Located in the heart of downtown, you'll be at the core of the city's growth. The City of Toronto looks to grow 36% to over 4 million residents and has the potential to reach 915,000 jobs by 2041 in the downtown region alone. Not to mention, the revitalization of the waterfront looks to protect and develop Toronto's iconic Port Lands. The city is committing to $160 million in the 2023 budget as part of the billion-dollar Port Lands Flood Protection project. This includes the construction of incredible developments such as the newly built Love Park, One Yonge Community Recreation Centre, and many more tantalizing projects aimed at increasing sustainability and livability along the waterfront. This is just the beginning of something incredible with upcoming intensification and new infrastructure. Investing in this area sooner than later will ensure a significant return on your investment.

2. Arcadia District Kipling Ave / Bloor St W Etobicoke

Quick Facts 5-minute walk to Kipling Station Transit Hub 10-minute walk to Islington Station 4 minutes to the QEW 5 minutes to Highway 427 7 minutes to Humber College 8 minutes to CF Sherway Gardens 11 minute High Park

Arcadia District Condos is a multi-phase mixed-use development emerging in the heart of Etobicoke. This project will feature four towers reaching 12 to 42 storeys high with 1,297 residential units. Located near the intersection of Kipling Ave and Bloor St W in the Islington City Centre neighbourhood, this development sits in a convenient community growing at unprecedented rates. This development will bring residential units from studio to three-bedroom suites. Here, you're encouraged to experience a vibrant urban lifestyle enhanced by exceptional amenities, convenient transit options, and a flourishing community ambiance.

Etobicoke is experiencing a significant wave of urban revitalization and development, transforming it into a thriving and modern urban centre. The Kipling Station transit hub is leading this growth as the area looks to increase connectivity to multiple transit systems throughout the GTA, including the TTC, GO Transit, MiWay and Toronto Pearson Airport. Plus, the revitalization of city hall looks to add 210,000 square feet of office space, a 47,000 square foot event plaza, and 300,000 square feet of community space. With the introduction of new constructions, improved roads, job opportunities, and upgraded public spaces, the appreciation and demand for this area are expected to skyrocket.

1. Pickering City Centre - Block 1 Liverpool Rd / Kingston Rd Pickering

Quick Facts 1 minute to Pickering Town Centre Shopping Mall 1 minute to Pickering GO 2 minutes to Highway 401 2 Minutes to Durham College 2 Minutes to Centennial College 6 Minutes to Beachfront Park 2 minutes to Future Durham-Scarborough BRT 7 minutes to Frenchman's Bay

The #1 spot goes to Pickering City Centre Block 1, located at 1355 Kingston Road. This stately project leads the downtown Pickering transformation by adding four new condominium developments. As the first phase and launch of the Pickering City Centre 55-acre master-planned community, Block 1 will add over 2,000 new residential units, over 110,000 square feet of amenities and 18,000 square feet of retail along the ground floor for easy pedestrian and resident accessibility.

This project site is incredibly convenient, scoring an impressive 91 walk score thanks to the adjacent Pickering GO Station transit hub. This station is also a bus transit terminus, which acts as a stop for Durham Region Transit and GO Transit bus routes, offering even greater transit access to the community. Motorists can enjoy easy proximity to Highway 401, less than 1 km away, which allows drivers to travel across and beyond Pickering quickly.

Pickering is amidst incredible growth as it sits in Durham, the second fastest-growing submarket in the GTA and looks to grow by over 6,000 new residents. The Pickering City Centre master-planned community is part of a mall revitalization spanning over 55 acres. This redevelopment includes the creation of 20 new mixed-use condominium developments, increased transit with the upcoming Durham-Scarborough BRT and new employment opportunities. Still, with all this growth, Durham is experiencing a significant condo shortage, meaning an opportunity such as this one will be in high demand – elevating Pickering City Centre into a central destination point and legitimate growth hub.

And there we have it. The Top 10 Condo Projects launching this Fall. If you have any questions or want to learn more about one of the GTA's hottest projects, connect with a GTA-Homes agent today!

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New Condos Toronto

New Condos For Sale in Toronto.

Toronto, Canada’s largest city, is a bustling and quickly growing metropolis , well known as a world leader in finance, technology, and entertainment . Located along the northwestern shores of Lake Ontario , the iconic freestanding CN Tower rises 1,815 feet into the sky, and majestic skyscrapers grace the city’s ever-changing skyline. Whether you are an investor or looking to call Ontario’s capital your new home, Toronto offers the best in big-city living.  

Home to world class transit options, some of North America’s busiest major thoroughfares, local and brand name shopping, a vibrant arts, culture, and entertainment scene, and plenty of natural greenspaces including expansive parks and scenic waterfront trails , there  is always something to see and do . All this and so much more makes Toronto the great city it is, a very exciting place to live, work, and play.  

Toronto’s downtown core is exploding with constant growth. Proximity to employment hubs, educ ational institutions, transit, and lifestyle amenities is prime real estate for developers and the ultimate convenience for potential buyers. The demand for housing in Toronto has increased annually and the supply just can’t keep up.  With housing in high demand , more l uxury condos are now becoming even more common outside of the downtown core. Developers are now seeking prime land close to major thoroughfares, transit lines , and family friendly amenities to build their next projects.  

A red-hot Toronto real estate market slowed in the latter half of 2022 as interest rates continued to rise , posing hesitation amongst homebuyers.   T he GTA saw  25,400 new homes sold in 2022 , the lowest number of new home sales since 2018 and 29% lower than the 10 - year average . New condos saw a benchmark price of $1,131,614 in December 2022, a 2.8% dip over the last 12 months. However, the benchmark price for new single-family homes in December 2022 was $1,753,356 6 , a slight rise after 4 months of declining prices as buyer demand and builder supply were more closely aligned , but still down 4.2% over the last 12 months.  

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6 new condo projects set to transform Toronto’s architectural landscape

Toronto’s rich architectural heritage is evident throughout its neighbourhoods, from the world-renowned CN Tower to the Victorian-era industrial buildings in the Distillery District and Liberty Village. Residential developers have also tried to create unique and exciting designs ( The L Tower , 12 Degrees and River City come to mind), but with so many new condos popping up across Toronto, a lot of homebuyers are faced with a homogeneous collection of glass and precast boxes.

Fortunately, there are several stand-out projects currently in the works that are sure to inject more excitement into the condo aesthetic. If you’re in the market for a new condo, and want to escape the banal, scroll down to see a list of six planned condo projects that will transform Toronto’s architectural landscape.

1.  Aqualuna

Developer(s): Tridel and Hines Architect(s): 3XN Neighbourhood: East Bayfront

Located in Bayside Toronto, Aqualuna is the second residential development by Danish firm 3XN in the master-planned community by Tridel and Hines. The 16-storey structure features a playful, wave-like facade inspired by its waterfront location. In designing the project, architects carefully considered neighbouring buildings and streets, while optimizing sunlight and water views for its residents.

This can be seen in the building’s shape and form, which consists of two peaks separated by a valley, which houses the development’s shared amenities. By shifting the peaks apart, the design creates enough space to maximize waterfront views from each unit. Plus, as the building steps back on higher floors, those ‘steps’ become spacious outdoor terraces for units on upper levels.

2. King Toronto Condos

Developer(s): Westbank and Allied Properties Architect(s): BIG – Bjarke Ingels Group and Diamond + Schmitt Architects Inc. Neighbourhood: Fashion District

This 600,000-square-foot community forgoes the typical tower and podium combination that has become the standard in Toronto, and instead boasts an eye-catching mountain range-inspired shape. The 16-storey building was designed by starchitect Bjarke Ingels and pays homage to Moshe Safdie’s iconic Habitat 67 in Montreal by using stepped, terraced apartments with glass-brick facades and vertical gardens.

Applying the ‘Gesamtkunstwerk’ philosophy — a German word that translates as ‘total work of art’ — King Toronto will also feature lively pedestrian zones with new retail, hospitality and workspaces, along with courtyards and pathways lined with public art.

3. Mirvish+Gehry Toronto

Developer(s): Great Gulf Architect(s): Gehry International Inc. Neighbourhood: Entertainment District

As the name suggests, Mirvish+Gehry Toronto is a collaboration between two Canadian heavyweights — theatre-maven David Mirvish and starchitect Frank Gehry. The ambitious project was initially proposed back in 2012 and has since been acquired by Toronto developer Great Gulf.

Situated at King Street West and Duncan Street, the mixed-use development consists of two ‘supertall’ towers rising 301 and 329 metres tall, separated by a pair of decorative canopies along Duncan Street. The master plan includes the Royal Alexandra Theatre, Princess of Wales Theatre and the facade of the heritage Anderson Building at 284 King Street West. It will also bring a new hotel, multi-level retail and commercial spaces to the area.

4. 1 Delisle Ave Condos

Developer(s): Slate Asset Management Architect(s): Studio Gang Architects Neighbourhood: Deer Park

Over the past decade, midtown Toronto has been a hot-bed of development activity with major residential, commercial and infrastructure projects underway. Located south of Yonge Street and Eglinton Avenue, in the Deer Park neighbourhood, 1 Delisle Ave Condos is arguably the area’s most anticipated and design-forward new development. Slate Asset Management partnered with Chicago-based architecture firm Studio Gang, who designed the famous 82-storey, wave-like, Aqua Tower in downtown Chicago.

Led by founding principal and founder Jeanne Gang, the architectural team behind 1 Delisle designed a 48-storey tower with a honeycomb patterned facade that wraps around a circular floor plate. The podium will also incorporate and restore the 1920s-era, Art Deco facade of the existing building on site, creating new retail opportunities at street level.

Developer(s): Mizrahi Developments Architect(s): Foster + Partners and CORE Architects Neighbourhood: Yorkville

Although it has already lost its status as Canada’s tallest condo building to the SkyTower at Pinnacle One Yonge , The One is sure to be a jewel in the Toronto skyline when it’s completed in 2023. Designed by the award-winning British architectural firm Foster + Partners, the development uses advanced structural engineering and innovative design techniques.

The most visible of which, is an exoskeleton consisting of an exterior casing made up of bronze diagonal trusses that climb up the length of the building, providing much of the structural support. The design allows for light-filled retail spaces reminiscent of international flagship stores in New York City, Chicago, London and Paris. It also creates uncontaminated interior spaces with maximum exposure to sunlight, and layouts that homebuyers can customize to suit their needs.

6. 321 Davenport Condos

Developer(s): Alterra Architect(s): Giannone Petricone Associates Inc. Neighbourhood: The Annex

While high-rise condos make up much of the new density in Toronto, mid-rise developments remain a great option. With fewer units, mid-rise condos foster a more intimate community feel, while offering less congestion and shorter elevator wait times.

321 Davenport is a new mid-rise project by Alterra coming soon to Toronto’s desirable Annex neighbourhood. Envisioned by Giannone Petricone Associates Inc., the nine-storey residence boasts a sleek design characterized by a flowing glass facade that follows the curve of Davenport Road. Inside, an exclusive collection of 18 penthouse-style suites offer a luxurious living experience with spacious, open-concept design and high-end finishes.

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Ontario's pace of new home construction slows to 2018 levels

Interest rates for builders and buyers playing into slowdown, putting dozens of housing projects on pause.

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New home construction in Ontario has slowed to a pace not seen since 2018, putting Premier Doug Ford's government further off track from hitting its housing targets.

Housing starts in April in urban areas of Ontario were down a whopping 37 per cent from the same month last year, according to the latest figures reported  by the Canada Mortgage and Housing Corporation (CMHC).

Economists see no signs of the slowdown reversing in the months to come, creating the potential for a grim 2024 when it comes to new home construction. 

"Over the rest of the year, we expect [housing starts] to continue to trend down in the province and particularly in the GTA," said Anthony Passarelli, CMHC's lead economist for southern Ontario.

It's a problem not unique to Ontario. TD Economics predicts that housing starts nationally "will continue to decline through the remainder of this year, reflecting more recent weakness in pre-sale activity in key markets like Toronto, elevated construction costs and high interest rates."

Construction began on 5,589 homes in Ontario last month, fewer than in any April since 2018.

Interest rates are the primary factor driving the new construction slowdown, according to a range of industry experts. Not only does the higher cost of a mortgage drive down the demand from purchasers, higher interest rates also drive up costs for developers. 

"It's sometimes forgotten that the developers are also having to arrange financing for these large-scale projects," said Scott Andison, chief executive officer of the Ontario Home Builders' Association.

Developers putting projects on hold  

Higher interest rates have curtailed some of the optimism that developers were feeling during the housing construction boom in 2021 and 2022, said Andison.

"Projects that certainly seemed viable before may not be as viable as they once were," Andison said.

• Ontario budget shows home construction far off pace to reach 1.5 million goal

Urbanation, a condominium market analysis firm, recently  reported  that 60 new projects totalling more than 21,000 units in the Greater Toronto and Hamilton Area have been put on hold indefinitely.

New condominium sales in the region in the first three months of 2024 hit their lowest quarterly total since the depths of the global financial crisis in early 2009, according to Urbanation.

"Outside of that brief period in early 2009, new condominium sales haven't been this low since the late 1990s," said the Urbanation report. 

Richard Lyall, president and CEO of Rescon, the Residential Construction Council of Ontario, says while the recent rise in interest rates is a key factor, the housing affordability crisis has been decades in the making.   

'It's going to get worse'

"Sales have fallen dramatically, starts are falling, housing supply is going to fall and it's going to get worse," Lyall said in an interview. "Sometimes you've got to hit bottom before you can start building back up again, and we haven't hit the bottom yet." 

Construction in the first quarter puts Ontario's urban areas on pace for just 77,920 housing starts in 2024, CMHC projects . That would be a 15 per cent drop from 2023 and the lowest annual total since 2020, when the pandemic began. 

• Ontario considering counting student homes in housing goal

Provincewide, the bulk of the decline is in multi-unit residential construction.

Ontario saw 4,587 starts in April for non-detached homes (including multi-unit apartment, condominiums, townhomes and row housing homes), down 41 per cent from the same month in 2023, according to the CMHC numbers.

New home construction has slowed in Ontario. Here’s why

There were 1,002 single-detached home construction starts last month, down only slightly from the 1,088 starts in April 2023. 

Still, that does not mean the single-family home construction sector is healthy. In the first quarter of the year, non-multi-unit housing starts in Ontario totalled fewer than 5,000, and it's only the third time that has happened this century,  noted  Mike Moffatt of the Smart Prosperity Institute think tank at the University of Ottawa. 

• Ontario developers deny they're feeding housing crisis by sitting on land

The Ford government's budget tabled in March projected fewer new housing starts in 2024 than Ontario achieved in the previous year.

The slump has got developers and some economists urging the government to take steps to bring down the costs of new construction. 

At a legislative committee hearing last week, Andison raised concerns about Bill 185 , which would give municipalities the freedom to apply any increases in development charges immediately, rather than phasing them in over a five-year period as the province has required since 2022.   

"Who raises development charges and taxes in a housing crisis?" Andison asked. "This is not the time to allow municipalities to make the new cost of home ownership even more unattainable." 

Development charges levied by municipalities are ostensibly to cover the cost of providing the new housing with new infrastructure and services. Toronto's development charges for a two-bedroom condominium unit total $68,500. 

Municipal Affairs and Housing Minister Paul Calandra has defended his legislation, also known as the Cutting Red Tape to Build More Homes Act 

"These measures recognize the struggles that our municipal partners have faced in building homes," Calandra said when he tabled Bill 185 last month. "We're supporting them by giving them the funding and tools they need to build much-needed infrastructure and more housing, of all types."

• Ontario's road to 1.5M new homes has gotten rockier, construction insiders say

Ontario's drop-in housing starts last month compared with April of 2023 was largely driven by a 38 per cent decline in Toronto and the GTA, which typically accounts for more than half of new home construction in the province.

Housing starts dropped even more dramatically in Ontario's next-largest urban centres, with Ottawa down 58 per cent in April compared with the same month in 2023, and Hamilton down 91 per cent.

Starts were up in the smaller urban areas of Kitchener-Waterloo-Cambridge, London and Windsor, which between them accounted for more than 1,200 construction starts, more than 20 per cent of the provincial total.

ABOUT THE AUTHOR

Senior reporter

Mike Crawley covers provincial affairs in Ontario for CBC News. He began his career as a newspaper reporter in B.C., filed stories from 19 countries in Africa as a freelance journalist, then joined the CBC in 2005. Mike was born and raised in Saint John, N.B.

• Follow Mike Crawley on Twitter

Related Stories

• Home sales and new home construction both drop in April
• Where Ontario's housing market is headed in 2024

Western real estate markets rise as Toronto moves sideways

The semi-detached house 910 Eglinton Ave. East sold for $1.190-million after being listed with an asking price of $1.199-million. No bids landed for nearly three weeks. Bosley Real Estate Ltd.

National Bank of Canada economist Daren King sees an intriguing trend emerging in real estate this spring: housing markets in various parts of Canada are evolving differently under diverging economic forces.

That’s a departure from the years between 2020 and 2024 when historically low interest rates and the lifestyle choices of buyers drove sales and prices across Canada, he says in an interview.

Looking ahead, he expects the change in course to continue, with different macroeconomic factors, such as job creation, to influence each market.

“It won’t only be a story of interest rates and consumer preference changes,” he says.

The Canadian Real Estate Association reports that national sales dipped 1.7 per cent in April from March on a seasonally adjusted basis. New listings, meanwhile, rose 2.8 per cent in the same period.

The slowing sales brought months of inventory to 4.2 at the end of April compared with 3.9 at the end of March. “Months of inventory” measures how long it would take to sell all properties on the market at the current pace of sales.

The national average sale price edged down 1.8 per cent in April compared with the same month last year to stand at $703,446.

Olivia Cross, North America economist at Capital Economics, notes that the sales-to-new listing ratio is holding back house price inflation. She has trimmed her expectations for house price growth to three per cent this year compared with her previous forecast of six per cent.

“While stretched affordability is weighing on demand, we suspect subdued sales also reflect buyers biding their time ahead of potential interest rate cuts,” says Ms. Cross, who expects the Bank of Canada to begin loosening in July.

Drilling into the national numbers, Mr. King says sales are rising or dropping in several smaller regional markets depending on factors such as employment, affordability and demand.

In Alberta, for example, sales are stronger than they were during the pandemic because of robust employment numbers.

Edmonton, Regina, Saskatoon and Winnipeg all had soaring sales in April compared with April, 2023.

On a month-over-month basis, the Greater Toronto Area saw sales drop a seasonally-adjusted three per cent while the Greater Vancouver Area posted a gain of 5 per cent in the same period.

In the Toronto-area market, real estate agents are seeing three distinct price tranches: the entry-level slice around the $1-million mark, which still has brisk sales, the upper stratosphere, where high-priced properties are trading hands and the middle segment, which is patchy.

Patrick Rocca, broker with Bosley Real Estate, has noticed a shift in the Toronto market in recent weeks. Rising inventory allows house hunters to be circumspect.

“Buyers understand that they’re not under the gun,” says Mr. Rocca, who works mainly in the midtown Leaside and Davisville area.

Recently he has sold three properties with multiple offers – but all three sold below the asking price.

At 910 Eglinton Ave. E., Mr. Rocca sold a semi-detached house for $1.19-million after listing it with an asking price of $1.199-million. No bids landed for nearly three weeks.

“All of a sudden we got two offers,” says Mr. Rocca, “and it sold under asking.”

Of 26 listings in Leaside in mid-May, he says, only three had asking prices under $2-million.

With more supply between $3-million and $6-million, he says, many are sitting.

“That’s where I’m seeing the logjam of listings.”

He says some sellers are still setting aggressive asking prices, but when buyers don’t jump on it, a listing can appear stale.

“If you’re not realistic I don’t even want to talk to you,” he says. “You’re going to burn your property.”

In the city’s west end, Luke Dalinda, real estate agent with Royal LePage Real Estate Services, has observed sluggishness in the bracket between $2-million and $4-million.

Meanwhile, he recently represented a pair of buyers who found themselves in competition for a house with an asking price of $9.6-million.

The five-bedroom house at 77 Baby Point Cres. was built before ravine conservation rules came into effect, says Mr. Dalinda. As a result, the property has plenty of table land for the pool, terraces and gardens on a promontory above the Humber River.

Mr. Dalinda’s clients beat the rival bidders with an offer of $9.85-million after eight days on the market.

“It was a process, but they won it in the end.”

Mr. Dalinda says the three-storey house offers original features such as wainscotting and stained glass windows in 8,244-square feet of living space. It has been extensively renovated over the years, he adds, noting that many buyers are less willing to take on a project than in the past.

His clients were the first to the table but he was not surprised when another set of buyers submitted an offer.

“It’s just a captivating home – it’s so unique and so rare and impossible to duplicate.”

Mr. Dalinda says houses of a similar size are listed in the same price range but the properties that move quickly stand out.

“They have to have some sort of wow factor.”

Looking at the various price strata in Toronto, the luxury market has completely different dynamics, Mr. King at National Bank says, because buyers in the upper echelons often don’t require financing and typically have a portfolio of assets.

They don’t rely on credit the way people in lower income brackets do.

“They might even be advantaged by those interest rates.”

The dynamics in the middle range are more complex, he says, because the buyers are often moving up from a condo apartment or house. In that case they may rely partly on financing and partly on a capital gain on the property they currently own.

The timing of a transaction is important because they not only need to sell an existing property but also to purchase a new one.

Those trading up are likely to remain cautious if their current house is adequate.

In the lower price points, consumers may have an imperative to buy because they are renting or living with family.

“If you’re living with your parents or you’re having a kid, you have to move,” says Mr. King. “There will always be people in that market.”

Overall, Mr. King expects to see a bounce in sales when the Bank of Canada cuts its benchmark interest rate. That move will have a modest psychological effect, he says, but more importantly it will lessen the affordability challenges holding back many consumers.

“I think it may be less of a mind game and more of a reality check,” says Mr. King.

While the first reduction may be small, the move will allow a larger pool of buyers to qualify for a mortgage, he says.

By comparison, the rebound in sales in December and January was more psychological, he says.

At the time, prices had softened and many buyers were optimistic that interest rates would decline in 2024.

As for sellers, Mr. King says rising listings may signal renewed confidence among homeowners that they will be able to complete a sale in the current market.

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Top 10 largest construction project starts in Canada - April 2024

The accompanying table records the 10 largest construction project starts in Canada in April 2024.

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Toronto apartment sold at significant loss shows just how turbulent market is

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A Toronto apartment sold at a massive loss last month demonstrates just how much prices in the city's real estate market tend to vary year-over-year . 

The two-bedroom, two-bathroom apartment, located at 190 Borough Dr. in Scarborough, comes with over 1,000 square feet of living space, an open-concept modern kitchen with granite countertops, and stainless steel appliances.

According to the listing, the building itself also comes with its fair share of amenities, including 24-hour security, a gym, pool, sauna, BBQ area, party room, and visitor's parking. 

The apartment's staggering loss was featured in a post by  @ShaziGoalie  last week, who regularly shares interesting happenings in Ontario's real estate market on X (formerly Twitter). 

"Scarborough Condo Sells for $653K, Marking a Devastating 25% Loss in Two Years." 👇🏽 pic.twitter.com/VHoUO2WVZz — Shazi (@ShaziGoalie) May 18, 2024

After roughly one week on the market in February 2022, the apartment sold for $868,000, at a time when the city's real estate market saw an uptick in demand and skyrocketing prices thanks to cheaper borrowing rates. 

Just over two years later, the apartment was put back on the market for $684,900. Following two weeks on the market, the apartment eventually sold for $653,000 — representing a substantial loss of $215,000 in just two years.

Over the past few months, more and more properties in and around Toronto have been selling at massive losses, including one Mississauga condo that was sold in April at a $250,000 loss . 

Ontario home sold at $500k loss after 5 failed attempts to sell https://t.co/ibtf1Np3Lz — blogTO (@blogTO) April 23, 2024

However, the  Toronto Regional Real Estate Board (TRREB)  says prospective home buyers in the GTA benefited from more choice in the market throughout April 2024, as well as little movement in the average selling price. 

"Generally speaking, buyers are benefitting from ample choice in the GTA resale market in April. As a result, there was little movement in selling prices compared to last year," said TRREB Chief Market Analyst Jason Mercer.

Mississauga condo sold at massive loss shows just how much prices fluctuate https://t.co/ymGP56o9y2 — blogTO (@blogTO) May 24, 2024

"Looking forward, the expectation is that lower borrowing costs will prompt tighter market conditions in the months to come, which will result in renewed price growth, especially as we move into 2025." 

GTA realtors reported a total of 7,114 sales through TRREB's MLS System in April 2024 – down by five per cent compared to April 2023. On the other hand, the average selling price was up by 0.3 per cent to $1,156,167

Bay Street Integrity Realty Inc., Brokerage

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World Health Assembly hopes to reinforce pandemic preparedness after bold treaty project stalls

By Jamey Keaten, The Associated Press

Posted May 27, 2024 4:03 am.

Last Updated May 27, 2024 5:57 am.

GENEVA (AP) — The World Health Organization opened its annual meeting on Monday with government ministers and other top envoys hoping to reinforce global preparedness for the next pandemic in the devastating wake of COVID-19 .

But the most ambitious project, to adopt a pandemic “treaty,” has been shelved for now after 2 1/2 years of work failed to produce a draft that countries could unite behind by Friday, as originally hoped.

WHO Director-General Tedros Adhanom Ghebreyesus insists it’s not a failure, and acknowledged an “immense” task faced by negotiators on a “very ambitious timeline” — alluding to the many years it usually takes for U.N. countries to reach global treaties.

When diplomats, health officials and activists were still attempting to produce a draft pandemic treaty, he had predicted the assembly could be one of the most significant in WHO’s 76-year history. Not anymore.

“Of course, we all wish that we had been able to reach a consensus on the agreement in time for this health assembly and cross the finish line,” Tedros said in his opening remarks. “But I remain confident that you still will — because where there is a will, there is a way.”

“It’s now for this World Health Assembly to decide what that way is — meaning the solution is in your hands,” he added.

WHO officials and others have been eager to build on the momentum of concern from the coronavirus pandemic, with the risk that the more it fades into history, the less the public — and policymakers — will be interested in preparing for a future pandemic.

The basic premise is that pathogens that have no regard for national borders require a united response from all countries. But decision-makers have struggled to balance national interest with the call from WHO officials to think more broadly in the interest of humanity and equity.

So health ministers will now have to take up the work and try to overcome deep-set differences, including how the world can share information on emerging pathogens and scarce resources like vaccines and masks when demand skyrockets.

Other high-profile participants, including International Olympic Committee President Thomas Bach, and U.N. Secretary-General Antonio Guterres and European Commission President Ursula von der Leyen, also addressed the gathering of the U.N. health agency’s 194 member states.

Guterres, speaking by video, called the pandemic accord a “once-in-a-generation opportunity” to make sure the global health systems respond faster and more equitably in the next outbreak and urged delegates to back amendments to the international health as a way to boost the response to emergencies,

“Amidst the legal arguments and endless negotiation for the pandemic treaty, let us remember that the heart of the health care is not just policies and programs, it is about our shared humanity,” Thailand’s Prime Minister Srettha Thavisin said via a video feed.

Envoys will discuss global health concerns including the fallout from wars in places like the Middle East, Sudan and Ukraine.

Instead of a pandemic treaty, the best shot now for bulking up the international health architecture to fight such cross-border outbreaks is through amendments to the nearly two-decades-old International Health Regulations, which countries have “in principle” agreed to, Tedros said last week.

Those regulations focus on helping countries detect and respond to health emergencies.

For example, envoys to the assembly could establish the concept of a “pandemic emergency” to build on and refine the cumbersome category of Public Health Emergency of International Concern, which is currently WHO’s highest level of alert for dangerous epidemics.

Such a term could help inform the public at a time when, as with COVID-19, confusion and uncertainty are widespread.

Jamey Keaten, The Associated Press

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