While the frigid days of winter might be slowly coming to an end, one thing that has undoubtedly remained red hot is Toronto real estate -- with the condo market serving as no exception.
As many buyers continue to be priced out of the ground-related home segment, buyers are being pushed to compromise, with condominiums serving as a viable -- and relatively more affordable -- alternative.
According to the latest data from the Toronto Regional Real Estate Board (TRREB), Toronto's condo sector has officially recovered from its pandemic-era slump, achieving both a record year and fourth quarter for sales in 2021. In fact, a total of 7,815 units traded hands between October and December — a year-over-year increase of 21% — despite buyers contending with some of the tightest market conditions seen in two decades.
However, while sales were up, new listings plunged 29% from the same quarter in 2020, leading overall active inventory to decline by two-thirds.
READ:GTA Condo Sales Smashed Records in Q4, Despite Toughest Market in 20 Years
What's more, demand for new condos in the Toronto area was especially strong in 2021, with condo sales reaching their second-highest level of all time, reflecting an impressive resurgence from the pandemic’s initial impact, according to the year-end 2021 Condominium Market Survey from Urbanation.
The pre-construction segment has also roared back to life, with developments up significantly last year, with 92 projects — totalling 26,835 units — brought to market, which is up 49%. Last year was also the third-highest year in terms of new supply, behind 2017 and 2011 when 29,529 and 28,448 units were launched, respectively.
The influx of new supply was met with voracious demand, hitting a new record with an 85% absorption rate — well above the 10-year average of 66%. Available units are flying off the proverbial shelves, as 85% of projects sold at least 70% of available inventory within a time frame of 2.6 months (based on an average project size of 270 units). Demand was even more fierce in Q4, with 76% of all new units sold, compared to 55% at the end of 2020.
More importantly, this momentum is showing no signs of slowing, with an impressive number of condo launches gearing up to hit the market and kick off the busy spring season.
For any and all interested in the local condo scene, here are 21 Toronto area condo launches to have on your radar this spring.
Bridge House At Brightwater
Bridge House at Brightwater
The Bridge House condos are a modern part of Brightwater, a master-planned modern urban village offering unmatched lifestyle amenities, elevated design, urban conveniences, and boundless opportunities in Port Credit. Bridge House features two towers connected by glass bridges, offering residents and visitors alike sweeping views of Lake Ontario, Lorne Park, and Port Credit. Bridge House is located in the centre of Brightwater, where residents will feel the energy of this waterfront community every day.
Developer: Kilmer Group, Diamond Corp, Dream, and Fram+Slokker
Location: 70 Mississauga Road South, Port Credit
Number of Buildings: 2
Launch Date: Registration now open
Estimated Occupancy Date: TBA
Bristol Place
Bristol Place
Upon completion, Bristol Place -- a brand new pair of 48-storey, high-rise condo towers -- will ultimately change downtown Brampton’s skyline. This highly connected urban community will bring 1,148 new residences to the city, ranging from 1-bedroom and 1-bedroom-plus-den to 2-bedroom plans. Residents will be able to enjoy premium building amenities and space-saving suite layouts featuring sleek modern kitchens, comfortable bedrooms, and spa-inspired bathrooms.
Developer: Solmar Development Corp.
Architect:Graziani + Corazza Architects
Designer:GCB Interior Architecture
Location: 199 Main Street, Brampton
Number of Buildings: 2
Storeys: 48
Launch Date: March
Estimated Occupancy Date: TBA
Celeste
Celeste
At Celeste, residents can experience incredible city skyline views, an enviable location, and a coveted lifestyle that's inspired by the vibrancy of true downtown living. Thanks to its prime location -- conveniently located at Richmond and George -- Celeste has exceptional walk, transit, and bike scores, plus easy connections to schools, major attractions, and employment hubs.
Developer: Alterra and Diamond Corp
Architect:Sweeny &Co Architects Inc.
Designer:Truong Ly Design Inc.
Location: 121 George Street, Toronto
Number of Buildings: 1
Storeys: 40
Launch Date: March 24
Estimated Occupancy Date: Summer 2026
DUO Condos
DUO Condos
Nestled in the heart of Brampton, DUO Condos is conveniently located just steps from the Gateway Terminal and the upcoming Hurontario LRT (scheduled for completion in fall 2024), and is a short walk from Sheridan College, schools, shops, restaurants, and parks. Thanks to its prime and easily accessible location, the development appeals to everyone from young families to downsizers wanting a life of ease.
Developer: National Homes and Brixen Developments Inc.
Architect:IBI Group
Designer:Esqape Design
Location: 245 Steeles Avenue West, Brampton
Number of Buildings: 2
Storeys: 26
Launch Date: Registration on now (*Sold out until next release, date TBA)
Estimated Occupancy Date: Fall 2024
EXS
Exchange Signature Residence
Exchange Signature Residences (EXS) is the fourth and final tower at downtown Mississauga's Exchange District, which features open social spaces, retail, and shopping to support the contemporary lifestyle. Towering over the surrounding urban landscape, the Exchange Signature Residences condos are adorned with a light-filled volume stacked atop a distinct architectural presence that exudes contemporary sophistication, and a meaningful presence amongst the Square One condos skyline.
Developer:Camrost Felcorp
Architect: IBI Group
Location: 181 City Centre Drive, Mississauga
Number of Buildings:
Launch Date: April/May
Estimated Occupancy Date: TBA
Express 2 Condos
Express Condos 2
Located in the heart of vibrant North York, Express 2 Condos — the second building in the Express Condo development — is just steps to Wilson Subway Station. This vibrant community is brimming with lifestyle amenities and is surrounded by restaurants, shops, parks, schools and transit for easy access to downtown Toronto, or uptown to York University, making life here an easy ride.
Developer: Malibu Investments Inc.
Architect: RAW Design
Designer:Figure3
Location: 10 Tippett Road, Toronto
Number of Buildings: 1
Storeys: 16
Launch Date: Registration in mid-April
Estimated Occupancy Date: Late 2025
Groove Urban Condominiums
Groove Urban Condominiums
Neatly tucked in along Vaughan Road and steps away from the bustling St. Clair West and Bathurst intersection, Groove is a stylish 15-storey building with 152 suites and amenities that turn up the volume on life. This new development, only a five-minute walk to the subway line, is your entry-point into modern, upscale living close to where everything’s happening.
Developer: Block Developments
Architect:RAW Design
Designer:Tomas Pearce
Location: 133 Vaughan Road, Toronto
Number of Buildings: 1
Storeys: 15
Launch Date: March (*Already launched)
Estimated Occupancy Date: September 2024
Highland Commons
Highland Commons
Located at 11625 Military Trail and 6000 Kingston Road, this large parcel of land in Highland Creek Village will soon be home to two 8-storey mid-rise condominiums, featuring 539 suites. Residents can experience an urban lifestyle at Highland Commons where an established neighbourhood meets new ideas. The new builds are steps away from local shops, schools, and some of Toronto's most elegant green spaces. Residents of Highland Commons will have access to over 19,000 square feet of outdoor amenity space, including a pool with showers, full-size basketball courts, a rooftop terrace, a planting area, a BBQ and dining area, and over 9,000 square feet of indoor amenity space which will include guest suites, a 2-storey gym, a social area, a squash court, a party room, a kids centre, a games room, and a co-working space.
Developer: Altree
Architect: Kohn Architects
Designer: DesignAgency
Location: 1625 Military Trail & 6000 Kingston Road, Scarborough
Number of Buildings: 2
Storeys: 8
Launch Date: March
Estimated Occupancy Date: Spring 2025
Huntingdale Towns
Huntingdale Towns
Huntingdale Towns is coming to northwestern Scarborough's L’Amoreaux neighbourhood, a peaceful district that's located relative to local amenities and is just a stroll from local shopping, parks, and schools. Featuring contemporary townhome designs, Huntingdale Towns will feature 81 units ranging in size, including a mix of 2 to 6-bedrooms.
Developer: Profile Developments Inc.
Architect: IBI Group
Location: 3079 Pharmacy Avenue, Toronto
Launch Date: March (*Already launched)
Estimated Occupancy Date: Fall/winter 2024
Lakeview DXE Club
Lakeview DXE Club
Located at Dixie and Lakeshore, nestled between the Etobicoke-Mississauga border -- and only minutes away from access to the downtown core via multiple transit lines and easy highway access -- this new mixed-use community is equipped with over 50,000 sq. ft of indoor and outdoor hotel-style amenities and over 10,000 sq. ft of convenient retail shops at street level. Lakeview DXE Club will feature two perfectly-scaled condominiums, respectively 8- and 12-storeys high, with a beautiful waterfront trail just steps out the front doors, offering access to an abundance of parks, beaches, and the waterfront.
Developer: Vandyk Properties
Architect:Kohn Architects
Location: 1345 Lakeshore Road East, Mississauga
Number of Buildings: 2
Storeys: 8 and 12
Launch Date: Registration on now (*Launch in mid-April)
Estimated Occupancy Date: TBA
Linea
Linea
A collaboration between development titans Stafford and The Goldman Group, Linea is a nine-storey, 206-unit, mid-rise tower rising in Scarborough at Warden and St. Clair Avenue East. The condo will offer suites in a mix of studio, one-bedroom, one-bedroom + den, two-bedroom, and three-bedroom layouts, as well as four townhomes. In other words, there will be something for everyone. Residents will enjoy the building’s amenities, which include everything from a ‘kid zone’ to an opulent dining room, an entertainment lounge, a state-of-the-art fitness centre, a breathtaking ‘Skyview Lounge' and a pet playground for all your pets’ needs.
Developer: Stafford Homes and The Goldman Group
Architect:IBI Group & Kohn Architects
Designer:Patton Design Studio
Location: 743 Warden Avenue, Scarborough
Number of Buildings: 1
Storeys: 9
Launch Date: January (*Already launched, currently sold out)
Estimated Occupancy Date: Summer 2025 (July)
M5
M5
M5 is the newest and most exclusive tower addition coming to the M City master-planned community. It is the fifth of eight towers planned for M City, a one-of-a-kind condominium community featuring spectacular amenities, architecture, and green space, including over 2-acres of new parkland. At M5, wellness-focused amenities offer opportunities for self-care and respite through a spa-like experience. This includes areas for meditation, a Hammam steam bath, individual infrared saunas, a massage room, and a Zen Lounge.
Developer: Urban Capital and Rogers Real Estate Development
Architect: IBI Architects
Designer: Cecconi Simone
Location: Sales Centre - 505 Webb Drive, Mississauga
Number of Buildings: Total number of buildings at M City is 8
Launch Date: Registration on now
Estimated Occupancy Date: TBA
Queen Church Condos
Queen Church Condos
Located in the heart of Toronto's Financial District, residents of Queen Church Condos can indulge in the finest experiences the city has to offer. From designer shopping and gourmet dining to historic sites and quiet escapes, Queen and Church offers something for everyone — and it’s all right around the corner. And, with the Queen subway station, regular bus service, and cycling lanes right outside your front door, new paths, routes, and possibilities stretch in every direction -- bringing you to all of Toronto in a matter of minutes.
Developer: Tridel and Bazis
Design Architect:ROSARIO VARACALLI
Architect of Record:KIRKOR ARCHITECTS & PLANNERS INC.
Designer:II BY IV
Location: 60 Queen Street East, Toronto
Number of Buildings: 1
Storeys: 57
Launch Date: April
Estimated Occupancy Date: TBA
Six99
Six99
Rising from the heart of the Bayview Village neighbourhood, Six99 is a new luxury boutique condominium development that stands out. A joint project between Originate Developments Inc. and Harlo Capital, Six99 condos is a 12-storey building that will house 174 units, gym facilities, meeting rooms, and a party room.
Developer: Originate Developments Inc. and Harlo Capital
Architect:SRM Architects
Designer:Truong Ly Design Inc.
Location: 699 Sheppard Avenue East, Toronto
Number of Buildings: 1
Storeys: 12
Launch Date: March
Estimated Occupancy Date: December 2024
Southport in Swansea
Southport
Coming soon to Southport Street in the highly coveted Swansea neighbourhood in Toronto. Two residential towers with retail at grade level, Southport in Swansea is poised to be a charming community within itself. Residents can look forward to a truly unique lifestyle experience connected to three of Toronto’s most beloved locales: Lake Ontario, and High Park and Bloor West Village. Amenities include Club Southport, an outdoor pool, a kids lounge and outdoor playground, outdoor dining and grilling stations, a co-working space, a green screen room, private meeting rooms, media and electronic gaming rooms, a family lounge, an athletic centre, yoga studio, sports lounge, party room, chef’s table, and so much more.
Developer: State Building Group
Architect: Richmond Architects Ltd.
Designer: Tomas Pearce
Location: 34 Southport Street
Number of Buildings: 2
Storeys: 30 & 27
Launch Date: May 2022
Estimated Occupancy Date: TBD
The Dawes
The Dawes
Located steps from Danforth Avenue, The Dawes features elegant styling and immaculate design and is set to become the landmark development of this nascent neighbourhood. The development features two towers -- rising 24 and 38-storeys -- connected by a 6-storey podium, and will house a total of 432 units.
Developer: Marlin Spring
Architect:IBI Group
Designer:U31
Location: 10-30 Dawes Road, Toronto
Number of Buildings: 2
Storeys: 24 and 38-storeys connected by a 6-storey podium
Launch Date: Registration on now
Estimated Occupancy Date: TBA
The Fifth at Charisma
The Fifth at Charisma
The Fifth at Charisma is the final tower coming to one of Vaughan’s most anticipated master-planned communities. Located on Jane Street, the new build is moments away from Canada’s Wonderland, and the Toronto subway at the Vaughan Metropolitan Centre. With an art deco-inspired look, luxe accents, and powerful design elements in navy, marble, and brass, The Fifth at Charisma is the trendiest new condo to come to one of the fastest-growing parts of the Greater Toronto Area.
Developer: The Greenpark Group
Number of Buildings: 1
Launch Date: February (Already selling)
Estimated Occupancy Date: June 2024
The Georgian
The Georgian
The Georgian is a boutique development by Stafford Homes coming soon to Gerrard and Parliament, that will offer home seekers a chance to live in one of Toronto’s most promising neighbourhoods. Intimate, this building stands just 7-storeys, and has 107 finely crafted suites available in one, two, and three-bedroom configurations. The Georgian presents a rare opportunity to live in the heart of Toronto’s eastern downtown within a serene setting, just steps away from transit, shopping, and the hustle and bustle of the city.
Developer: Stafford
Architect:RAW Design
Designer:U31
Location: 227 Gerrard Street East, Cabbagetown
Number of Buildings: 1
Storeys: 7
Launch Date: March (*Already launched)
Estimated Occupancy Date: Summer 2025
The Narrative
The Narrative
Located on Kingston Road, adjacent to Rouge and Port Union, The Narrative offers the perfect balance of nearby green space, a diverse and welcoming community, nearby amenities, and easy access to the heart of Toronto via the 401. The Narrative boasts contemporary amenity spaces that have been thoughtfully curated to complement a wide range of lifestyles. From the fully-equipped gym and yoga studio for fitness enthusiasts to a kid's play studio and private outdoor playground for families with small children, this future development will have something for everyone.
Developer: Crown Communities
Architect:Kirkor Architects Planners
Designer:Pulsinelli
Location: 7437 Kingston Road, Toronto
Number of Buildings: 2
Storeys: 11
Launch Date: April
Estimated Occupancy Date: TBA
The Saw Whet
The Saw Whet
Rising six storeys at the corner of Bronte Road and Saw Whet Boulevard, The Saw Whet is a striking new addition to South Oakville. This mid-rise condominium provides unrivalled views of the majestic Bronte Creek Provincial Park and the adjacent Fourteen Mile Creek Natural Heritage System. Thanks to the building's convenient location, The Saw Whet provides direct access to an incredible array of shopping, dining, and entertainment, as well unparalleled green space and transit connectivity.
Developer: Caivan Communities
Architect: Kirkor Architects Planners
Designer: Figure3
Location: 1401 Bronte Road, Oakville
Number of Buildings: 1
Storeys: 6
Launch Date: Last week of March
Estimated Occupancy Date: TBA
XO2
XO2 Condos
Located in the heart of King West, XO2 Condos will be the perfect place for young professionals or empty nesters — or really, just about anyone who is looking for the perfect blend of comfort and convenience. On site, there will be a mixture of 18,000 square feet of both indoor and outdoor amenity space, including a 3,500 square foot Freemotion Fitness Lab, an outdoor dining and lounge area complete with fireplaces and BBQ stations, a rooftop bocce court, and an urban parkette. When completed, XO2 Condos will have a total of 410 suites spread across 19 storeys.
Developer: Lifetime Developments and Pinedale Properties LTD.
Architect: Turner Fleischer Architects
Designer:Tomas Pearce
Location: 1182 King Street West, Toronto
Number of Buildings: 1
Storeys: 19
Launch Date: Registration on now (*Launch began January)
Estimated Occupancy Date: Fall 2024
(Information -- including launch and occupancy dates -- is subject to change.)
This article was produced in partnership with STOREYS Custom Studio.
