Yorkville Plaza (frmr Four Seasons Hotel site)

Yorkville Plaza (frmr Four Seasons Hotel site)  

•  21 AVENUE RD
  Site Plan Approval 11 332287 STE 27 SA Ward 27
  - Tor & E.York Dec 30, 2011 --- --- --- ---
  Site Plan approval application to convert existing hotel into mixed use building and construct 2 new towers (10 and 39 stories)- retail on ground and second floor and 883 residential units - 278 parking spaces in total in multi level below grade parking. - 200 Bicycle parking spaces. - See 11 332281 STE 27 OZ for Rezoning Application
  
  Proposal
  This application proposes to convert the existing 31-storey hotel building
  to mixed-use, and to construct a new 39-storey (120 metres plus a 5
  metre mechanical penthouse) mixed-use building at the northeast corner
  of Avenue Road and Cumberland Street and a new 10-storey mixed-use building on Yorkville Avenue.

New Trends in Condo Buying Emerging in the Toronto Area

 A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.

 As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.

 Busy Condo Market Boosts Toronto Home Sales 

With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.