What Condo Gloom?

Just when you thought Toronto's high-rise residential boom was cooling, Andra Call tells us 10 York is now the fastest-selling tower in Tridel's 44 years building condos. (That either means the boom continues or we have six more weeks of winter.)



The 65-storey SouthCore project, a JV with Build Toronto that's beenon the market since November, was 89% pre-sold as of yesterday. "That's way ahead of schedule," Andra says. The news comes just days after a Star report about a resurgence of bidding wars. (Don't be frightened, they are bloodless... usually.) Tridel expects 10 York--which was viewed by many as market bellwether--to have its permits by April and shovels in the ground by year's end. While we rarely hear compliments about public entities, Andra tells us BT has been a great partner. "Very professional, detailed with numbers." In fact, Tridel has recently purchased a site from BT at Bloor and Islington.

Continue reading this story with a free account

Log in or register
Related Topics: 10 York
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire