Tag Archives: Metropia

Yorkville is prized, exclusive and priced to match

Yorkville is prized, exclusive and priced to match

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Yorkville is prized, exclusive and priced to match

If location, location, location is the golden rule of real estate, the Yorkville area of Toronto is one of the most shining examples. Indeed, it doesn’t get much more central than this prized locale bounded by Bloor Street, Davenport Road, Yonge Street and Avenue Road. If midtown Toronto is what you want, a neighbourhood pretty much at the intersection of the city’s main subway lines at Yonge and Bloor is it.

Five-star is the perfect descriptor for Yorkville, home to the Mink Mile, one of Canada’s most exclusive shopping districts, along a stretch of Bloor. Upscale names such as Prada, Chanel, Gucci, Boss, Hermes, Louis Vuitton, Holt Renfrew and Harry Rosen operate flagship locations here, and north of Bloor, on Yorkville and Cumberland streets, you’ll find smaller buildings containing art galleries, first-floor retail and high-end restaurants. And of course, being so close to the famous Yonge Street, you’re just steps away from every retail option you can imagine, including the new Nordstrom Rack on the ground floor at 1 Bloor East.

Signature condo destination

As you can imagine, given Toronto’s condo boom, Yorkville is also a signature location for highrise living, with developers introducing several new projects in recent years, reflective of the luxurious character of the area.

Among the new projects underway is 55C Bloor Yorkville Residences, where MOD Developments broke ground just last month. The 48-storey building comprises 551 units in one-, two- and three-bedroom configurations and is due for completion in fall 2023.

Also under construction in the area is 8 Cumberland from Great Gulf, a 51-storey condo with a century-old brick Victorian podium located at the northwest corner of Cumberland Avenue and Yonge.

Great Gulf is also building the 76-storey One Bloor East just one block away.

Nearby, Lanterra Developments is building 50 Scollard, a 41-storey condo at the corner of Bay and Scollard, with 77 exclusive residences. The project earned Lanterra Best Highrise Building Design at the 2019 BILD Awards.

Complementing the high-end, highrise living and shopping in Yorkville are nearby cultural offerings such as the Royal Ontario Museum, the Gardiner Museum of Ceramic Art, the Mira Godard Gallery, the Heffel Fine Art Auction House and Gallery 36.

And of course, blessed with a location along major transit arteries, getting to and from Yorkville is a breeze, with three subway stops along this stretch of Bloor.

Location, location, location

Bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west

Key landmarks

• Cumberland Terrace

• Gallery 36

• Hemingway’s

• Holt Renfrew Centre

• Royal Ontario Museum

• Sassafraz

• Windsor Arms Hotel

Select condo projects

8 Cumberland by Great Gulf

11 Yorkville by Capital Developments

11 Yorkville by Metropia

11 Yorkville by RioCan Living

50 Scollard by Lanterra Developments

55C Yorkville by MOD Developments

140 Yorkville by Empire Communities

321 Davenport by Alterra Group

625 Yonge Street by Edenshaw Developments

Via Bloor 2 by Tridel


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Markham is a hotbed of economic development and growth

Markham – a hotbed of economic development and growth

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Markham – a hotbed of economic development and growth

As the fourth most populous community in the GTA – after Toronto, Mississauga and Brampton – Markham has been a hotbed for economic growth and development for years.

It’s long been known as a centre for growing sectors such as technology and life sciences – and therefore employment growth – one of the key drivers of housing demand.

Today, Markham is home to more than 1,000 such companies, with IBM, Huawei, Honeywell, Advanced Micro Devices, Motorola and Oracle all having their Canadian headquarters located in the city.

Residence has its price

Buying a home in Markham may cost you, though, as it has also become one of the GTA’s most expensive housing markets.

According to the Royal LePage Home Price Index for the first quarter of 2020, aggregate home prices grew 6.9 cent year-over-year to $1 million. Standard two-storey prices grew 6.6 per cent to $1.16 million, while detached bungalows increased 5.7 per cent to $1.02 million.

Still, new-home development is a priority for Markham City Hall and Mayor Frank Scarpitti, who was first elected in 2006 and is known as developer- and builder-friendly. The city has a number of new home developments underway, including some high-profile condo and lowrise projects.

The revitalization of Downtown Markham has been spearheaded by The Remington Group’s multi-use development along Main Street, which includes expansive retail shops, a Marriott Hotel, a Cineplex, as well as a variety of condo buildings and townhomes.

Cultural diversity

Culture is also an important attraction in Markham, with The Flato Markham Theatre offering more than 300 live performances each year, showcasing the diversity of the city. In addition, Varley Art Gallery encompasses the historic Kathleen McKay House, which was the home of Group of the Seven’s Frederick Horsman Varley for the last 12 years of his life. Measuring 15,000 sq. ft., the gallery is the second most popular tourist attraction in York Region.

Markham also has dozens of parks with baseball diamonds, soccer pitches and children’s play areas and splash pads. The city also boasts more than 22 kms of scenic pathways with 12 bridges that provide recreational activity for joggers and cyclists.

The largest park in the city is the Milne Dam Conservation Park. Measuring 305 acres, it is bordered by thick forest on the south and east and the Rouge River runs through the middle.

Toogood Pond is an 82-acre park that features a partially naturalized pond and marsh, and it recently underwent revitalization to remove sediment, restore the shoreline and plant native foliage.

Getting around Markham is facilitated by easy access to Hwys. 404 and 407 and the DVP, and for public transit, York Region Transit/Viva connects with all nine York Region municipalities, and GO Transit provides regular train and bus service.

Location, location, location

Population of 328,940, located in the Regional Municipality of York in the GTA; distance from downtown Toronto, 30 km

Key landmarks

• Flato Markham Theatre

• Varley Art Gallery

• Milne Dam Conservation Park

• Angus Glen Golf Club

Select housing developments

Abbey Lane Towns by Poetry Living

Cornell Markham by Ballantry Homes

Canvas on the Rouge by Flato Group

Cornell Rouge by Madison Group

Kennedy Manors by Kylemore Communities

Riverwalk Meadows by Flato Group

Union Village by Metropia

Union Village by Minto Communities

Victory Green by Remington Group

Village Homes on the Avenue by Andrin Homes


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Minto Communities and Metropia launch Union Village in Markham

Minto Communities and Metropia launch Union Village in Markham

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Minto Communities and Metropia launch Union Village in Markham

Minto Communities and Metropia have launched Union Village, the master-planned community, to resounding success in Markham. The initial phase one launch saw more than 330 homes – a mix of single-family homes, back-to-back townhomes, rear-lane and traditional townhomes – sold over a four-day period.

In addition to its prime location, Union Village features a variety of attractive architectural options, abundant greenspace with family-friendly and active living amenities, and every residence benefits from fundamentals of feng shui and the crowning green features of Minto Communities’ commitment to sustainability.

“The success of Union Village really speaks to the quality of the project at every facet,” says Peter Maleganovski, director of land development, Minto Communities. “We knew designing a community in the centre of a municipality like Markham would demand excellence in design and expert planning for residents. It was essential for us to emphasize the beauty of the natural surroundings and create communal spaces for families to gather. We’re so glad purchasers have responded so positively to Union Village and are excited to release more residences in our later phases of launch.”

Union Village comprises two parcels of development, split down the middle by the Bruce Creek. Maximizing on the stunning natural landscapes of the area, Bruce Creek and its valley are being restored and included as part of an extensive pedestrian and cycling trail system which provides residents with access to Main Street within approximately 20 minutes. Union Village also features preserved wetlands, several new parks, playgrounds, and the incorporation of a century-old Bur Oak tree as a park focal point and gathering place for community members.

Union Village is located in the heart of Markham and within walking distance to the charming heritage village Unionville. Retail, restaurant and cultural amenities are all close by, with nearby community centres and libraries, top-performing schools, exciting events and entertainment options. Historic Unionville offers a charming, small town sentiment, with numerous attractions to revisit Markham’s past.

Union Village offers a wide range of housing types, giving residents the opportunity to select a home that best suits their lifestyle. Home sizes range from 1,267 to 4,508 sq. ft., in architectural styles such as French, Second Empire, French Country, Period Revival/Tudor, Canadiana, Modern and West Coast Contemporary. All interior floorplans have been designed with input by feng shui master, Paul Ng.

In addition to the consistency of unique interior layouts which feature ideal energy flow, residents still can customize their interiors by selecting the features and finishes of their choice through the Minto Communities Design Centre. Sustainable features within homes include Energy Star for New Homes certification, LED lighting, water efficient fixtures, low VOC paint and Green Label Plus-certified carpeting for indoor air quality.

minto.com


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Local Focus - Toronto

Toronto – in demand and on the rise

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Toronto – in demand and on the rise

Largely considered the pinnacle of the condo boom we’re seeing these days, Toronto still does boast some good lowrise home options. Supply and pricing of those homes, however, is another matter.

That’s what happens when you combine a strong economy and rising population with limited new and resale home supply.

Indeed, the Toronto Regional Real Estate Board (TRREB) is forecasting at least 10-per-cent price growth in the GTA this year to $900,000, up from $819,319 in 2019. And on the new home side, 2020 began on a strong note, with 2,106 total new home sales in January, up 65 per cent from January 2019 and 14 per cent above the 10-year average, according to the Building Industry and Land Development Association (BILD). The benchmark price for new single-family homes was $1.09 million.

Booming economy

“Toronto’s booming economy has brought with it housing affordability challenges that will continue throughout the next decade,” says Frank Clayton, senior research fellow, Ryerson University’s Centre for Urban Research & Land Development.

“Both the provincial and municipal governments must support a massive increase in the supply of all types of housing and tenures as priority number one and quickly transform the land use planning system to make this happen.”

Long considered one of the most multicultural cities in the world, Toronto boasts a collection of distinct communities, including East York, North York, Scarborough and Etobicoke.

Some of these areas, in fact, now represent areas of growth for new lowrise housing, given that larger master-planned communities of single-detached homes are fewer and farther between. Much of the focus now is on the socalled missing middle, those smaller developments such as townhomes that represent a real opportunity for new ground-oriented homes in the city.

Culture and entertainment

Find a way to buy and live in Toronto, however, and you likely will love it.

Toronto offers a vast array of culture and entertainment options, from the National Ballet of Canada, Toronto Symphony Orchestra, to the Art Gallery of Ontario, Royal Ontario Museum and more.

For the sporting sort, Toronto has a handful of pro sports teams – the Toronto Maple Leafs, Toronto Raptors, Toronto Blue Jays, Toronto FC and Toronto Argonauts – and is home to the Hockey Hall of Fame.

The Toronto International Film Festival (TIFF) is an annual event celebrating the film industry and attracts many movie stars and a-list players. And the Toronto Caribbean Carnival, formerly known as Caribana, attracts more than one million people every summer.

Other points of interest include the Toronto Zoo, the Ontario Science Centre, Harbourfront, Fort York, the Distillery District, Ripley’s Aquarium, the CN Tower and the Canadian National Exhibition.

And of course, as a large metropolitan city, great shopping areas include the St. Lawrence Market, Kensington Market, the Toronto Eaton Centre, Sherway Gardens and Yorkdale Mall.

Though a subject of some debate due to the challenges with keeping up with all the growth, transit and highway infrastructure is undergoing major expansion all over the city. The TTC moves almost two million people throughout the city every day on subway, buses, streetcars and LRT lines, while GO Transit links Toronto with the surrounding regions of the GTA. Highways include the 400 series (401, 403, 404, 407 and 427), the Don Valley Parkway and the Queen Elizabeth Highway.

Location, location, location

This provincial capital of Ontario and the most populated city in Canada is located on the shores of Lake Ontario; Population 2,954,024

Key landmarks

  • CN Tower
  • High Park
  • Ontario Science Centre
  • Ripley’s Aquarium
  • Toronto Eaton Centre

Select housing developments

East Station by Mattamy Homes

Fairfield Towns by Plaza

Lake & Town by Menkes

Origins of Don Mills by Mattamy Homes

Terraces at Eglinton by Nascent Developments

The Belmont Residences by Caliber Homes

The New Lawrence Heights by Context Dev. Inc.

The New Lawrence Heights by Metropia

Twelve on the Ravine by Geranium


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Neighbourhood Watch: Yorkville

Yorkville – High end and priced to match

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Yorkville – High end and priced to match

If location, location, location is the golden rule of real estate, the Yorkville area of Toronto is one of the most shining examples. Indeed, it doesn’t get much more central than this, bounded by Bloor Street, Davenport Road, Yonge Street and Avenue Road. If midtown Toronto is what you want, a neighbourhood pretty much at the intersection of the city’s main subway lines at Yonge and Bloor is it.

Five-star is the perfect descriptor for Yorkville, home to the Mink Mile, one of Canada’s most exclusive shopping districts, along a stretch of Bloor. Upscale names such as Prada, Chanel, Gucci, Boss, Hermes, Louis Vuitton, Holt Renfrew and Harry Rosen operate flagship locations here, and north of Bloor, on Yorkville and Cumberland streets, you’ll find smaller buildings containing art galleries, first-floor retail and high-end restaurants. And of course, being so close to the famous Yonge Street, you’re just steps away from every retail option you can imagine, including the new Nordstrom Rack on the ground floor at 1 Bloor East.

Prized condo destination

As you can imagine, given Toronto’s condo boom, Yorkville is also a prized location for highrise living, with developers introducing several new projects in recent years, reflective of the luxurious character of the area.

“(8 Cumberland) is right on Yonge Street, you can walk to the subway door, it’s right there, and it connects to a path that goes through Yorkville and all the way through to Bloor Street,” Alan Vihant, Great Gulf’s senior vice-president, highrise, told Condo Life last fall at the groundbreaking for the company’s 8 Cumberland. This modern 51-storey condo with a century-old brick Victorian podium is located at the northwest corner of Cumberland Avenue and Yonge.

“8 Cumberland will create a new gateway to the Yorkville District,” says Great Gulf President, Residential, Niall Collins. “Our commitment to the neighbourhood’s revitalization includes a 36-storey condo tower at 18 Yorkville, the iconic 76-storey condo tower at One Bloor East and this 51-storey condo development all within a block radius.”

Award-winning

Nearby, Lanterra Developments is building 50 Scollard, a 41- storey condo at the corner of Bay and Scollard in Yorkville, with 77 exclusive residences. The project, in fact, earned Lanterra Best Highrise Building Design at the 2019 BILD Awards.

Complementing the high end, highrise living and shopping in Yorkville are nearby cultural offerings such as the Royal Ontario Museum, the Gardiner Museum of Ceramic Art, the Mira Godard Gallery, the Heffel Fine Art Auction House and Gallery 36.

And of course, blessed with a location along major transit arteries, getting to and from Yorkville is a breeze, with three subway stops along this stretch of Bloor.

Location, location, location

Bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west

Key landmarks

  • Cumberland Terrace
  • Gallery 36
  • Hemingway’s
  • Holt Renfrew Centre
  • Royal Ontario Museum
  • Sassafraz
  • Windsor Arms Hotel

Select condo projects

8 Cumberland by Great Gulf

11 Yorkville by RioCan Living

11 Yorkville by Metropia

11 Yorkville by Capital Developments

50 Scollard by Lanterra Developments

321 Davenport by Alterra Group

625 Yonge Street by Edenshaw Developments


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