Toronto has been changing rapidly over the years and we have seen construction booms all over the city. The concentration of construction has shifted from downtown and North York to Midtown Toronto at Yonge and Eglinton. With the new LRT well under construction along Eglinton, the Juction where it meets the Yonge/Bloor subway line is proving to be where the next wave or boom is going. There are 6 towers under application for building permits and range from 29 Storey's to 68 Storey's high of residential, mix-use, commercial & rental units. There are more than 2500 residential condominium units proposed for this area and some of these buildings have already sold out their inventory pre-build.

So other than the convenience of the crosstown LRT, what is driving the boom and people to flock to Yonge & Eglinton? One being the location in Midtown Toronto offering a central location with ease and flexibility to travel in all directions. The second is the neighbourhood feel Yonge and Eglinton has, equipped with great schools for growing families opting for the more affordable condo living. The area is well supplied with amenities such as excellent Grocery stores, shops, restaurants, parks, recreation, libraries, community centres and more.

If you are thinking of buying or investing in this area, you are not too late. There are definitely some builders and buildings, I would choose over others. Given that buying pre-construction is not what it used to be, please contact me for tips and ways to avoid surprising levies on closing.