[junctionist]

Most people buy condos to live in. A small studio or 1 bedroom for $300k is the only housing a lot of people can afford.

 

[Torontovibe]

Is it any different in New York? Does Toronto have more foreign investors and if so, I'm curious why?

 

[david-realtor]

I would have to disagree, the majority of the 80%+ will not "flip" but rather put it up for rent.

 

[junctionist]

I suspect the idea that most condo buyers are investors is just a myth.

 

[david-realtor]

I sell Real Estate for a living, its not a myth. 80%+ is an accurate figure for new Toronto Condo sales. The amount of time that those investors hold the investment whether its 6 months or 5 years is irrelevant. I can name 10 new condo's in downtown Toronto where individuals have bought up to 4 floors at once, yes 4 floors not 4 units. Before it was the Persians and that slowed down quite a bit, now its mostly mainland Chinese and Russian with more middle eastern people coming into the mix.

 

[david-realtor]

October 28 2014

 

[greenleaf]

There is an ondulation to the Davenport side that is fine, I suppose, but it feels so unusual and wrong in the era of the box with its straight lines and 90 degree angles.

 

[david-realtor]

November 1 2014, Outside elevator removed. Drywall work started inside.

 

[drum118]

November 1 2014, Outside elevator removed. Drywall work started inside.

It was removed by crane on Wed, as I got caught trying to drive to Bay St by it.

 

[greenleaf]

Grim. Beige-y pink does not work with black. Should have gone all in on the pink.

 

[Benito]

The parts that are precast are still looking a bit too pink. This is pretty done, the lobby is very nice and in keeping with the exterior. I LOVE the crystal chandelier in the lobby.

 

[vatche]

love it. looking awesome.
We need more variety like this.

 

[junctionist]

It's good to bring affluent residents to the core with upmarket condos, but this building could have been built 20 years ago. It's one of those buildings that looks watered down to blandness either to save money or because no one really cared about the architecture. There isn't much detail to it.

 

[Hamiltonian]

Much more detail with this condo than other all glass ones...

 

[maestro]

The style chosen here isn't supposed to be subtle in the details. For me, this one is just poorly thought out and executed. The massing and all the different materials used doesn't look good.