Whether you are new to Toronto or have lived within the GTA borders for years, you know that the city's downtown is the cultural, educational, and artistic hub of the country. Life in the GTA revolves greatly around the downtown businesses and entertainment, and as such, more and more people are deciding that condo life is right for them.
If You Can't Move Forward, Move on Up
It's no secret that the metropolitan core of many major urban areas has little land to spare. Toronto was a city well under development a hundred years ago, while many other towns were still just a concept, and as such most of the city's land has already been purchased and utilized. Although there is still the chance of purchasing a lot, or an existing home with a yard in the downtown core
, the cost is often prohibitive and chances are you are not getting the value you deserve for your money.
The condo industry has touched central Toronto as it has in numerous areas around the GTA. Cityplace is a concept design that aims to create condo neighbourhoods that mimic traditional home life but in a more modern setting. With no more land available to build horizontally, the logical next choice was to build up. Condo buildings such as Cityplace allow many more residents to enjoy life living downtown and provide nearly all the amenities you would expect to find in a house. As more young professionals are choosing this type of urban lifestyle, developers have been creating 3 and 4 bedroom units to accommodate the number of growing families wishing to live downtown.
Would You Like Some History with That?
It may seem that today's modern condo building
is a recent development in Toronto; however, this downtown revitalization concept began in the 1960s when the Canadian National Railway moved its operations to Vaughn, leaving vast space available in the downtown core. The city rezoned the land and condo buildings and businesses began to spring up, allowing residents who previously had been unable to find space in this prime location to move in. With the construction of the CN Tower in the 1970s, Cityplace became the premier destination in downtown living with many more boutiques, theatres and restaurants making a permanent home here.
The Right Realtor is Essential
Moving downtown can be a big investment, and is likely a cost you do not want to repeat. Find a qualified realtor who not only knows the area well, but also has a high success rate of selling. Professionals such as Scott Shallow of Brad J. Lamb Realty are experienced and proficient. He can assist in your efforts to find your quality "forever” home in the new Cityplace neighbourhood in beautiful, downtown Toronto.