The Toronto luxury real estate market is booming. In fact, the condo market in Toronto has grown considerably and gone much more high end in the past five or six years, according to Jim Burtnick, of the Torontoism team at Sotheby’s International Realty
"Toronto is going through a boom," he said.
More:Toronto to See Another Year of Double-Digit Price Growth
High-end condo development began in Toronto with hotel projects like the Four Seasons, Ritz Carlton and Shangri La. From there, the options boomed. Now buyers have many choices, from high-rise buildings on the harbor, to boutique condos in residential neighborhoods like Summerhill and Rosedale.
Many new developments have been planned for Yorkville, which, according to Paul Johnston of Unique Urban homes, was "once the city’s hippie-centric counter-cultural community, and is today the epicenter of monied luxury and the location of a growing range of condominium options."
And there are even new condos sprouting up in the areas of Toronto filled with single family homes, such as Forest Park.
Here’s a roundup of some of Toronto’s new developments.
One Bloor
This 76-story tower is located in Yorkville, Toronto’s equivalent of Manhattan’s Fifth Avenue. Owners have begun moving into the lower floors, and full occupancy is expected later this year. It is near luxury shopping, like Gucci, Chanel, and Cartier, and walking distance from the Royal Ontario Museum. Designed by Hariri Pontarini Architects, the 732-unit building has an undulating shaped design to offer maximum light and views over the skyline. There is also a podium on the sixth floor, which houses a 27,000-square-foot amenities area designed by Cecconi Simone, and an amenities terrace over the podium, which is 19,000 square feet and designed by Janet Rosenberg + Associates. Amenity highlights include an elaborate spa area with treatment rooms, his-and-hers cold plunges, hot plunges, steam rooms and aromatherapy rooms, and ice fountains.
Number of units: 732 Price range: C$520,000-C$2.45 million (US$399,000-US$1.88 million) Developer/architect: Great Gulf Homes/Tucker HiRise Construction/Hariri Pontarini Architects Apartment sizes: Two- to four-bedrooms, ranging from 2,500 square feet to 3,700 square feet Amenities: Indoor and outdoor pool, terraces, spa, hot tub, fitness area with yoga, cardio and spin rooms, relaxation areas. Website:OneBloor.com
128 Hazelton
Located very close to 1 Bloor, but on a village-like street filled with townhouses, 128 Hazelton bills itself as "the last of its kind." The building’s sales have launched, and tentative occupancy is for 2019. The mid-rise boutique building, designed by Mizrahi Developments and Gianpiero Pugliese of Audax, takes its influence from 19th century Haussmann style buildings in Paris. The apartments feature terraces overlooking the city’s verdant parks and glassed-in winter gardens so residents can still be outside when it is cold. There are also luxurious master suites and formal foyers. The building also has 24-hour concierge, valet parking, an event room and dining room with chandeliers, a lounge, fitness area, and backyard garden with dining.
Number of units: 20 Price range: An available apartment on the fifth floor is C$5,911,000 (US$4.53 million). It is 3,294 square feet with two balconies, faces north, east and south and comes with two parking units and a locker. Developer/architect: Mizrahi Developments and Gianpiero Pugliese of Audax Apartment sizes: 1,354 square feet to 1,916 square feet, excluding the penthouse apartments Amenities: Terraces, winter gardens, master suites, formal foyers, 24-hour concierge, valet parking, an event room and dining room with chandeliers, a lounge, fitness area, and backyard garden with dining Website:128Hazelton.ca
200 Russell Hill
Located in the green Forest Hill neighborhood, this five-story building, which launched sales in 2016 and is expected to officially open in Spring 2019, combines the experience of luxurious country estates with urban residences. Designed by Lori Morris, the style mixes traditional French flourishes with contemporary design. Take the façade of the building and its entrance: a dramatic driveway that would belong on a French country estate and soaring glass windows above. The building also has a spa, gym, theater room, and wine room. Apartments have 10-foot ceilings, crown moldings, and Neff kitchens with integrated Miele appliances, all designed by Ms. Morris. The building is steps away from Sir Winston Churchill Park, a protected green space with 10 tennis courts, running trails and a dog run.
Number of units: 20 units, 6 still available. Price range: C$3.2 million to C$11.5 million (US$2.5 million-US$8.8 million) or D$1,650 (US$1,270) for the lower floors up to C$2,400 a foot for the penthouse level, (which includes 1,000 feet of rooftop terrace with built in barbecue, fireplaces and hot tubs) Developer/architect: LMD/Simon Hersh Apartment sizes: 1,900 square feet to almost 5,000 square feet Amenities: Spa, gym, theater room, and wine room Website:200RussellHill.com
The One
Located in midtown, this mixed-use development, which is set to launch sales very soon, is for the buyer who wants to be in the center of a city but be able to find refuge within it. Created by the boutique development expert Mizrahi Developments, the soundproof windows offer sweeping views over Lake Ontario. The striking lattice, designed by Foster + Partners, soars over the city at 80 stories tall.
Number of units: 416 Price range: To be announced Developer/architect: Mizrahi Developments/Foster + Partners/Core Architects Apartment sizes: To be announced Amenities: To be announced Website:MizrahiDevelopments.ca
Mirvish+Gehry
Named after Canadian art collector, producer and real estate developer David Mirvish and its world-class architect Frank Gehry, this development is the most buzzed-about upcoming Toronto project. Located in the arts district, the design, which is still in flux, features two six-story podiums the height of the surrounding buildings, and then two towers, of different but complementary designs, from 82 to 92 stories high. The west tower will be the tallest building in Canada, and there will be a public space planned between the buildings. According to Christina Kroner of RE/MAX, sales haven't started but could start as early as this year. Pricing, according to Mr. Burtnick, will be steep.
Number of units: To be announced Price range: To be announced, estimates have it starting at C$1,000 (US$769) per square foot Developer/architect: Frank Gehry, Mirvish Productions Apartment sizes: To be announced Amenities: To be announced Website:MirvishAndGehryToronto.com
The Dale
This property, designed by Hariri Pontarini Architects, is located in the luxurious Rosedale area, ranked the best neighborhood to live in by "Toronto Life." The building, set to be completed this year, is actually two separate but connected structures. Each home has a patio, terrace, or balcony. There are also 58 parking spaces and 27 bicycle parking spaces. One of the three homes being converted for the building is the former home of Toronto mayor Ralph C. Day.
Number of units: 26 Price range: To be announced, but Mr. Burtnick estimates C$1,500-plus (US$1,154-plus) per square foot Developer/architect: Platinum Vista Inc./ Hariri Pontarini Architects Apartment sizes: Six two-bedroom units around 2,300 square feet, and 20 three-bedroom units averaging around 3,444 square feet Amenities: Outdoors space, bike storage, parking, an internal amenities space of 4,480 square feet
Aquabella Bayside Toronto
This LEED certified development in Queens Quay East, part of Tridel’s Bayside Toronto project, offers terraced vistas for lakefront living. The project, which launched this past fall and is expected to be ready for move-ins in 2020, has a seventh-floor rooftop terrace with a pool deck, cabanas, a dining room, and movie theater. The fitness center has designated spin and yoga studios in addition to a sauna. The broad, terraced design makes room for two spacious lobby areas to the east and west. The apartments feature a choice of kitchen design with built in Liebherr refrigerators, soaker tubs, and fiber-optic connectivity. Some apartments feature multiple terraces.
Number of units: 173 units over 12 stories Price range: The Lakeside Collection starts at C$1.2 million (US$920,000), the Terrace Collection from C$3 million (US$2.3 million) Apartment sizes: One bedroom, one bedroom+den, two bedrooms, two bedrooms+den, penthouse, and townhouses Developer/Architect: Tridel and Hines/3XN Amenities: Fitness area, spinning, yoga, private theater, rooftop terrace, dual lobbies, LEED certified Website:Tridel.com/Aquabella
346 Davenport
This boutique development, which has launched sales and is scheduled for completion in 2019, has floor-to-ceiling glass windows and transparent terraces that create a contemporary, sleek shape. The glass is accented by concrete, steel, and vertical gardens. From the inside, the windows offer views of the towers downtown, nearby parks, and Yorkville. The balconies and terraces have lighting and oversized stonework, and the bathrooms have stone tiles. Centrally located in the Annex neighborhood, it is near South Hill, Casa Loma, and Yorkville.
Number of units: 35 Price range: C$800,000 (US$613,000) Developer/architect: Freed Developments Apartment sizes: Two-and three bedrooms, from 1,000 square feet to 4,400 square feet Amenities: Video surveillance system, direct to suite visitor access, frameless showers with rain heads, stone tiles Website:346Davenport.com
Ten York
Opening this fall, Ten York will be a soaring 65-story, 735-foot tower at the heart of the city, offering views of the water and the skyline. (Sales launched on this property in 2012.) The location is close to the harbor, financial district, and cultural attractions like the Royal Alex Theatre. Some highlights include Liebherr and AEG appliances, key fob activated elevators, and 10-foot ceilings and plank-engineered wooden floors. The club, The Shore Club at TEN YORK, offers amenities on par with a hotel, including a pool, spa, juice bar, spin studio, cardio room, weight room, yoga room. There’s also a games and media room and a billiards room in the style of an old-fashioned club.
Number of units: 694 Price range: From C$372,500-C$4,285,000 (US$285,000-$US3.3 million) Developer/architect: Tridel and Build Toronto/Wallman Architects Apartment sizes: 1,446 square feet to 3,858 square feet. Options are one bedroom, one bedroom+den, two bedrooms, two bedrooms+den, three bedrooms Amenities: The Shore Club, which includes pool, spa, juice bar, spin studio, cardio room, weight room, yoga room, game room, media room and a billiards room. Website:Tridel.com/TenYork
The Residences of Hill and Dale
Located at the intersections of Yonge and Roxborough streets, where the neighborhoods of Summerhill and Rosedale meet, this six-story, 15-unit structure is in an area that is downtown, but also offers a small-town feel, surrounded by shops, restaurants, and boutiques. Created by Studio JCI with interiors by Chapi Chapo, the apartments, which were designed to feel like houses, feature floor-to- ceiling windows, stone floors, large living spaces with fireplaces, soaker tubs, dressing areas, wide-plank engineered oak floors and recessed lighting. The white, open-concept kitchens are designed by bulthaup and Gaggenau. The units also have terraces enclosed in glass for open views.
Number of units: 15 Price range: From C$2.235 million(US$1.7 million), including sales tax, parking and storage locker Developer/architect: Old Stonehenge Developments with Clifton Blake/Studio JCI/Chapi Chapo Apartment sizes: 1,000 to 3,640 square feet Amenities: Concierge Website:HillAndDaleResidences.com