Street Smarts: Central storeys in Toronto core

By Suzanne Wintrob

Steve Cameron lives with two university buddies in a rented townhouse near the Distillery District. But as a 27-year-old single guy working at a family-run real estate finance lending firm in the heart of the financial district, he wants to live where he works and plays. That’s why INDX, a 54-storey, 700-suite condo project by Lifetime Developments and CentreCourt Developments at Bay and Adelaide looks so promising to him. From the bachelor-pad-type black kitchen counter tops to the poker room, golf simulation room and the lobby’s shoeshine station and dry-cleaning drop-off area, it’s a building that’s hoping to beckon career-focused keeners like Mr. Cameron.

“I’m really dedicated to my career, really focused on putting in as many hours as I can to get as far ahead as I can in the next few years,” he says from his office. “To do that, the best place to be is down here. The financial district has become a place that is more conducive to a young professional’s lifestyle, with a lot of great restaurants and pubs to go out to. … My time is worth too much to be sitting on a Go Train or in traffic for two half hours every morning and every evening.”

As of February 2012, there were 13 active projects with 5,103 units in the downtown core between Bloor and the Gardiner Expressway and University and Church, according to RealNet Canada Inc. That’s down slightly from the previous year with 15 projects and 5,848 units. Average price per square foot rose to $939 from $868.

http://life.nationalpost.com/2012/03/23/street-smarts-central-storeys-living-high-in-downtown-t-o/

March 26, 2012/by Mahyar Rezapour

Latest News

Not everyone is thrilled with the design plans for Toronto’s new island neighbourhoodApril 22, 2024 - 6:20 pm
A new community coming to Toronto’s waterfront as part of the eco-engineering marvel that is the Port Lands Flood Protection Project has made some particularly magnificent strides in the last few weeks, but just as the land is being primed for the new precinct, people are chiming in with a few pieces of constructive criticism. […]
Canada’s Inflation Rate Rises To 2.9% In MarchApril 22, 2024 - 6:12 pm
This morning, Statistics Canada (StatCan) published its anticipated March inflation report. The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. Economists had predicted that the Consumer Price Index (CPI) would tick up in March thanks, in part, to an increase in gasoline prices. Gasoline […]
We could reach 2% inflation by this summer: National BankFebruary 27, 2024 - 4:47 pm
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? National Bank of Canada thinks so. In a new report, economist Taylor Schleich argues that there’s actually a “clear path” to 2% inflation by the middle of this year. “To […]
2024 is the investment year on whatever assets which has been affected by interest rates and are in sale!!January 18, 2024 - 11:19 am
64 countries (plus the European Union) are expected to hold national elections in 2024, representing a combined population of about 49% of the people in the world Learning from the history on election years quantitative easing was a common political solution !!! Below list are representing the expected national elections in 2024 in the world: […]
Activity in downtown Toronto at highest level in years, but experts say there’s still a long way to goJanuary 5, 2024 - 1:09 pm
Downtown Toronto appears to finally be bouncing back nearly four years after the onset of the pandemic, but it could still be a while before the city returns to its former glory, experts say. According to research by the University of Toronto’s School of Cities, which has been monitoring cellphone activity in major North American […]
Closing the Gap: Understanding Canada’s Housing Crisis 2024December 27, 2023 - 5:29 pm
The housing market in Canada is currently grappling with a significant and unprecedented challenge – a widening gap between population growth and housing completions. This growing disparity has far-reaching implications, impacting economic, physical, and mental well-being, and posing a threat to Canada’s status as a prosperous and upwardly mobile society. Understanding the Housing Disparity Recent […]
Blackstone bets on Canadian immigration to usher in growthOctober 31, 2023 - 3:29 pm
With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country. Blackstone, the world’s largest alternative asset management company which oversees US$1 trillion in assets, is opening up an office in Canada as it commits to growing its presence and investments […]