Tag Archives: Ryerson

cl_aug_sept2020_inside_gta_fi

#Inside the GTA

Latest News


#Inside the GTA

Waterfront Toronto’s plan to build a connected walkway along the water’s edge has been in the works since 2006. This rendering of the detailed boardwalk design shows a portion of the East Bayfront. The 158-metre boardwalk would run along the Water’s Edge Promenade at the foot of Sherbourne Common. Designed in a herringbone pattern using Thermowood Ash, the boardwalk would be six metres wide and would run the full length of East Bayfront, from Parliament to the Jarvis Street Slip.

Buyer-friendly deposit structure at JAC Condos

JAC Condos at Jarvis and Carlton is getting ready to launch with a buyer-friendly deposit structure.

Graywood and Phantom are offering a generous limited time offer deposit structure that calls for five per cent of the purchase price to be paid in 2020; five per cent in 2021; five per cent in 2022 and the remaining five per cent at closing.

The project plan includes keeping the facade of the original 1902 Beaux Arts heritage house (inset) despite a fire late last year. The facade will be merged with a new podium-tower designed by Turner Fleischer Architects.

Units range from studios to three-bedroom suites, with pricing starting in the $400,000s.

The condo is less than 200 metres from Ryerson and right across the street from Allan Gardens.

Did you know?

Ontario is one step closer to two-way, all-day rail service along the Kitchener Line, with the excavation of tunnel one (of two rail tunnels) underneath Hwys. 401 and 409. Excavation of the second tunnel is expected to be completed in late 2020.

One Twenty to begin construction

Congratulations to the Mountainview Homes’ team – they are starting construction on the One Twenty Condominiums community this month.

This walkable and pedestrian friendly Fonthill community is perfect for active families of any age. Located in Niagara Region, it’s minutes from amenities and surrounded by wineries, The Falls and downtown Niagara Falls. Suites are available from the low $400,000s.

onetwentycondos.ca

York University Markham Centre Campus is a go

Late last month, the Ontario government announced funding support for York University’s new Markham Centre Campus, the first publicly assisted university in York Region.

The location of the five-acre campus is just north of Hwy. 407 next to the Markham Pan Am Centre. It will be within a 10-minute walk of the Unionville GO Station and the Hwy. 7 VivaNext transit corridor.

The $275-million campus is set to open in the fall of 2023.

Markham Mayor Frank Scarpitti says the shovel-ready project “will provide students with workplacebased learning opportunities while they study and local job prospects when they graduate.”

28 Eastern one of the first to market after lockdown

New condo launches are picking up steam now that we’ve entered Stage 3. One that is getting plenty of attention is Alterra’s 28 Eastern Condos – a bold new midrise condominium that’s steps from the Cherry Street YMCA in Corktown.

With the planned Ontario Line’s Corktown Subway Station nearby, the location will be very well connected.

Currently, the King streetcar whisks you into the heart of the financial district in minutes, and you can easily walk or bike to the shops and restaurants of King Street East from the location, as well as to the Distillery District, St. Lawrence Market, George Brown College, Corktown Commons, and the Canary District.

With an incredible rooftop terrace and beautiful city views, as well as a range of modern indoor and outdoor amenities, 28 Eastern will be a doorbuster.

28eastern.com

Susan Legge

SHARE  

Featured Products


Downtown Toronto

Toronto still one of the fastest growing cities in North America – even with the impact of COVID-19

Latest News


Toronto still one of the fastest growing cities in North America – even with the impact of COVID-19

Toronto was the fastest growing metropolitan area in Canada and the U.S. last year, overtaking Dallas-Fort Worth Arlington, Tex., according to new data from the Centre for Urban Research and Land Development (CUR) at Ryerson University.

Downtown Toronto
Photo: Wayne Karl

And even though Toronto will take a hit as a result of COVID-19, it is still expected to be one of the top cities in North America.

Toronto was the only Canadian metropolitan area in the top five; Montreal was sixth and Vancouver twelfth.

Metro Toronto grew by 127,575 persons in 2019, outpacing Dallas-Fort Worth Arlington, which grew by 117,380 persons, to become the fastest growing metropolitan area in all of the U.S. and Canada.

Short-term impact

The research for this latest report was conducted prior to COVID, covering the period of July 2018 to July 2019, so the results are likely to change over the next year, CUR says.

“COVID is estimated to drop immigration (to Toronto) by half this year,” Diana Petramala, senior CUR researcher told Condo Life. “Therefore, this will likely push Toronto down the list of fastest growing cities.

“Toronto’s main strength is immigration, whereas places like Dallas are benefiting from millennials leaving more expensive areas like New York. Toronto, however, will continue to do better than New York, Chicago and Los Angeles – areas that are seeing large outflows of millennials in search of more affordable housing and jobs.”

The impact of COVID in Toronto will be short term, Petramala adds. “Immigration is still allowed, so as other countries move out of lockdown and processing offices open up and airlines start flying again, you will like see a snap back in immigration.”

Outpacing New York

Toronto, in fact, had almost three times the population growth from immigration as New York in 2019. Both regions experienced a loss in resident population to other areas (domestic net migration), but the rate was four times faster in New York.

In terms of population growth on a city basis, as opposed to the metropolitan area (GTA), Toronto (45,742 persons) and Montreal (31,565) represented the two fastest growing cities in all of the U.S. and Canada over the study period. Overall, Canadian cities represented 11 of the top 20 central cities in the U.S. and Canada in population growth, with Calgary, Ottawa and Edmonton placing fourth, fifth and sixth, respectively.

While the city of Toronto’s population grew by 45,742, New York City’s decreased by 53,264.


SHARE  

Featured Products