Inside the GTA - Feb. 29, 2020

A sneak-Peek of a massive new 55-ft. mural that will front along St. Clair West was recently unveiled at a groundbreaking event for 900 St.Clair West, a new project by Canderel. Called The Spirit of St. Clair, the mural was inspired by a 1961 photo captured by Eric Trussler. The public art piece recreates the scene while injecting a present-day TTC streetcar, reflecting the vibrant past, evolving present, and promising future within the community. Visit stclairvillage.com for more information.

Low supply drives up home prices in GGH: CREA

According to the Canadian Real Estate Association (CREA) resale housing prices are on the rise again
this year in Ontario’s Greater Golden Horseshoe (GGH) region.

“Home price growth continues to pick up in housing markets where listings are in short supply, particularly in Southern, Central and Eastern Ontario,” said Jason Stephen, president of CREA in a report released earlier this month. CREA stats show home price growth has re-accelerated across most of the GGH with a number of markets getting close to double digits. “Looking at local market trends across the country, one thing that stands out in markets with historically tight supply is a larger than normal drop in new listings at this time of the year,” said Shaun Cathcart, CREA’s Senior Economist.

Registration opens for The Dylan Condos

Chestnut Hill Developments is taking registrations now for its new Toronto condominium, The Dylan.

According to the preview registration website, the new community is a three-minute walk to Glencairn subway station and a few blocks to the Eglinton LRT.

The site says this is an urban community inspired by stunning design, enviable suites and deluxe amenities.

You can register for updates and priority access by visiting the website at dylancondos.com. Chestnut Hill is also building Universal City, a vibrant five-tower condominium community, in Pickering.

Marlin Spring acquires parcel in Junction Triangle

Marlin Spring continues to purchase properties with nearby access to public transit and cycling infrastructure, and its latest acquisition in the Junction Triangle is no exception.

Future development will “serve as a form of urban acupuncture, filling in and connecting the currently vacant lands that surround the Museum of Contemporary art to the broader community by offering new housing, retail and office opportunities while contributing to community infrastructure with a new public park, road and connections to the West Toronto Railpath,” said Marlin Spring’s Pedro Lopes, Senior Vice President, Developments.

The developers will implement the public realm focused master plan to deliver over one million square feet of residential, retail and commercial space, including a new child care facility and affordable housing.

The site is located within walking distance of the second largest transportation hub in the Toronto area, with nearby access to the UP Express offering a 10-minute ride to Union Station and a 15-minute ride to Pearson International Airport.

“By developing new housing, retail opportunities and community infrastructure Marlin Spring plans to make a positive contribution to this already thriving neighbourhood,” said Lopes.

For current communities for sale and more information visit marlinspring.com

Final phase of east Toronto neighbourhood will be 88 Queen South

Award-winning Canadian real estate developer St. Thomas Developments is building the final phase of its master-planned, multi-tower community in east Toronto, 88 Queen South.

The sleek and sophisticated building is part of a multi-phase development which occupies a full city block in Toronto’s burgeoning downtown east location.

Comprising the entire frontage between Mutual and Dalhousie streets, 88 Queen is a 51-storey tower designed by Hariri Pontarini Architects and Cecconi Simone.

The latest building is located at the southern part of the block and will neighbour its counterpart, 88 North. The location includes retail, restaurants, food hall and offices, and the new tower will feature 569 suites ranging from 514 square feet to 2,290 square feet. Units will be priced in the mid $600,000.

“We were given the opportunity to design a project that is not simply a building, but rather a vibrant, mixed-use community that becomes a new destination east of the downtown core. Our hope is that the design will foster a place for people to live, work and play, while rooting itself in the fabric of the neighbourhood,” says David Pontarini, Partner in Charge, Hariri Pontarini Architects.

Opening day of 88 Queen is April 1, 2020. For more information call 416-350-1697 or visit www.88queen.com

Did you know?

More than 50 per cent of neighbourhoods in the Greater Toronto Area reported an increase in detached housing values the first half of 2019, according to a new report released by RE/MAX of Ontario-Atlantic Canada.