Site Preperation Underway for King Charlotte
Site Prep work has begun at the King Charlotte Condo Project in the Entertainment District just north of King Street and East of Spadina. This area of the Entertainment District has seen an explosion in growth of Condo towers, most notable nearby projects include, The Hudson Condominium, GLAS Condos, and the Charlie Condos. Down King Street west, attractions include Royal Alexandra Theater, Princess of Wales, and the TIFF Bell Lightbox, which is home to the Toronto International Film Festival.
The Condo takes it's name sake from the two adjoining streets of Charlotte and King which abut the property.
Cooling Housing Market Seen As Healthy for Toronto Condos
As sales have declined from the historic highs of 2011, which as I have repeated on this blog was a record year for home and condo sales. So there was likely to be some pull back this year, and of course the doomsayers will jump on this as the Apocalypse heading our way. But let's be real, even though sales have dropped off rapidly from 2011, the prices haven't even budged, in fact they are headed up. This is because no one is in a rush to sell, there is no panic here, cooler heads have prevailed. Not only that but there have still been condo launches, successful condo launches, like that of Tridel's Ten York, and Remington and Easton's King Blue which look almost ready to go based on their first month of sales.
As sales have declined from the historic highs of 2011, which as I have repeated on this blog was a record year for home and condo sales. So there was likely to be some pull back this year, and of course the doomsayers will jump on this as the Apocalypse heading our way. But let's be real, even though sales have dropped off rapidly from 2011, the prices haven't even budged, in fact they are headed up. This is because no one is in a rush to sell, there is no panic here, cooler heads have prevailed. Not only that but there have still been condo launches, successful condo launches, like that of Tridel's Ten York, and Remington and Easton's King Blue which look almost ready to go based on their first month of sales.
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