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

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building