At BAZIS, we choose our new condo locations carefully. We look for vibrant, urban communities with excellent transit access. We know that getting you to where you need to go is of utmost importance.
Keeping an Eye on Current and Future Trends in Transit
We’re watching the King Street Pilot Project eagerly, as some proponents believe this will relieve congestion along one of Toronto’s busiest routes. It began November 12th, and affects routes between Bathurst and Jarvis St.
This year-long pilot aims to improve the reliability, convenience and speed of public transit, while changing King Street’s function, by not allowing private vehicles to pass through intersections and giving priority to streetcars. The King Street Pilot will explore ways to move people efficiently while maintaining and supporting economic prosperity.
King is the busiest road route in the city, with over 65,000 people travelling it every day. It’s also the third most active transit corridor, behind only the Yonge-University and Bloor-Danforth Subway lines. Over the last decade transit needs have changed for both drivers and the TTC.
The pilot project hopes to improve travel speed, timing between streetcars, and overcrowding. With over 20,000 vehicles using King Street per day, much of these trips are primarily local and the majority of which can use the streets which run parallel instead.
Because it restricts the way private vehicles enter intersections at King and Bathurst and King and Jarvis, as well as eliminates on-street parking, the pilot project should produce a drop in vehicle traffic, encouraging foot traffic or transit and relieving congestion, making travel on King faster and more environmentally-friendly.
If you regularly travel this route, or have a destination in the affected area, it’s wise to review this link, which advises drivers, cyclists, transit-users and pedestrians how to safely navigate King during the pilot project.
This pilot project is noteworthy, because it could very well change how high-traffic areas in the downtown core are travelled. We’re wondering, what do you think about the #kingstreetpilot?
While there are technically a few more weeks left of summer Toronto, the Labour Day long weekend is it’s unofficial send-off. There is a whole host of ways to bid the summer farewell ranging from festivals that celebrate food & art, to carnivals and comic books, here are some of the best ways to celebrate, as we near the Autumn equinox:
The Canadian National Exhibition:
Take in the midway, carnival games and wild foods at the 138th annual CNE. Two of the biggest highlights of the final days at the Ex include the Canadian International Air Show which is the longest running aviation display in North America along with the Labour Day Parade that concludes its march at Princess Gates.
Fan Expo Canada:
Fan Expo kicks off on August 31st and runs throughout the Labour Day weekend. It is the largest Comics, Sci-fi, Horror, Anime, and Gaming event in Canada and the third largest Pop Culture event in North America.
Hot & Spicy Food Festival:
Kick up the heat at the 20th-anniversary edition of Hot & Spicy Food Festival. Taking place at Harbour Front Centre this event showcases Canadian celebrity chefs, a curated food market, and a ChiliKids cooking competition, all paired with sizzling jazz. The festival runs from Friday, September 1 through to September 4, 2017.
Buskerfest at Woodbine Park:
Four days of non-stop fun in support of Epilepsy Toronto featuring circus artistry, music, magic and mime along comedians, acrobats, clowns and much more. This fundraiser features one-of-a-kind entertainment and fun for the entire family. Buskerfest runs from September 1st to the 4th.
Downsview Park Ribfest:
North York’s largest Ribfest Festival takes place September 1st – 4th, 2017 at Downsview Park. The event features exciting live entertainment, a midway and kids zone, hot air balloon rides and of course BBQ ribs along with a variety of festival food trucks.
Artfest Toronto at the Distillery:
Artfest Toronto is an outdoor arts and crafts show set throughout the cobblestone lanes of the historic Distillery District. Artfest will feature paintings, photography, sculptures, artisan crafts and live music from some of Canada’s top artists. This festival also offers something for everyone in the family with an Artfest kids component as well. The event takes place all weekend long.
Bazis has carefully selected some of Toronto’s best neighbourhoods in which to build. These neighbourhoods feature beautiful surroundings, access to amenities such as fine dining, entertainment and shopping as well as great schools.
Another nearby school is the Rosedale Day School, a small private school for JK to Grade 8. Rosedale also offers remarkable educational partnerships for enriched and global academic experience with the ROM, the AGO, the Royal Conservatory of Music and the University of Toronto. In addition to a strong academic program, the school also offers a complete range of co-curricular activities in the arts, athletics, technology, music.
Branksome Hall, a prestigious school for girls is also located nearby. It is a leading from Junior Kindergarten to Grade 12. In addition to its strong liberal arts curriculum that fosters a balance between academics and other activities, Branksome features an award-winning Athletics and Wellness Centre.
Last but not least, the esteemed St. Michael’s College, a private all-boys Roman Catholic day school for grades 7-12. The school offers an enriched, Catholic, Liberal Arts education complemented by several diverse co-curricular programs and is most notable for its ice hockey and football programs.
Bazis condos are perfect family environments with top-notch education at their doorsteps.
As we near Canada’s 150th birthday, the red of our national flag may be shining a little brighter from blushing so hard as the world takes note of just home amazing Canada is.
For the second year in a row, our Home and Native Land took the #2 spot in the annual “Best Countries” survey conducted by the U.S. News & World Report, in conjunction with Young & Rubicam BAV Consulting and the Wharton School of the University of Pennsylvania.
The Great White North also led the pack with a #1 worldwide ranking in the “Quality of Life” category thanks to perfect marks in areas such as healthcare, politics and the economy.
To top it off, world renowned travel guide Lonely Planet also made Canada their #1 choice for travellers in 2017.
With so much recognition around the world, it’s not hard to see why so many people see Canada as a great place to live and invest.
From our stable politics and regulated banking industry to our spot on the global markets as a significant exporter of energy, minerals and food, Canada is seen as a safe haven to live, bank and invest in by buyers from abroad.
Here are a few of the reasons why Canada Continues to be a great place to invest in real estate:
Continued Increasing Real Estate Values
House prices rose by a record 2.2% across Canada in May, compared to April according to Teranet, with Toronto leading with a 3.6% increase.
This was the largest May gain in the index’s 19-year history, hitting another record high for the 16th month in a row.
Across Canada, prices were up 13.9% over May 2016, nearly reaching the record annual increase of 14.1% set back in September 2006.
Continued Low-Interest Rates
For the past decade, Canada has enjoyed a period of historically low-interest rates. And while the days of minus prime mortgages are gone, many Canadians are still enjoying low rates that have made investing in real estate that much easier.
Strong Rental Markets
As hot as Canada’s real estate market has been, the rental market has also continued to show strong legs.
According to the CMHC, a higher number of rental apartment units were occupied in in a year over year comparison “primarily due to much higher international migration to Canada and the continued ageing of the Canadian population”.
In fact, rental housing demand was up in most areas across Canada. Over the past year, demand for rentals in Ontario, in particular, grew with vacancy rates in Toronto around 1.5%, which was bolstered by higher immigration and fewer renters making the leap to homeownership.
Strong job growth across Canada and the desire to live in the GTA has also pushed rental prices to new heights. Recently, the Toronto rental market hit a new milestone as the rent on an average 700 square foot condo broke the $2,000 mark, and renters entering into bidding wars over high demand buildings.
With prices rising and affordability a factor in the sizzling GTA real estate market, condos and apartments are becoming more and more popular as alternatives to homeownership. This, in turn, is providing upwards pressure on rental rates as the demand for condos and rental apartments steadily increases.
Few types of home are susceptible to trends more than high-rise condos. By their very nature, condos attract a more progressive, design-oriented, urban buyer, as the newest styles tend to evolve in the city first. Today, we offer a glimpse into what’s currently trending in the condo marketplace.
Less is More:
When it comes to floor plans & room layouts, less is more with condominium living. When making a condo purchase, buyers tend to be less concerned with square footage, but rather the functionality of the space. For example, rather than have space wasted for a corridor, use it for an additional bathroom or closet. Dividing walls can have shelving and cabinets built into them, as well as working spaces built around windows. Condo owners are very aware of spatial limitations & look for ways to make the very most of these unique areas without waste.
The unique floor space of a condo offers opportunities for dual purpose layouts. Take, for example, the dining area – tables can be easily set-up from concealed cabinets for dining and folded back, when done, for extra room. A kitchen island can double as a breakfast bar by using stools instead of chairs, a great space saver. Stools can then be transitioned into other areas, or stacked away in closets. Some even come designed with storage spaces.
In the living room, consider using a tablecloth covered trunk as a coffee table, functioning as both a unique décor item and storage space for throw pillows and blankets. Sofas and Futons can double as beds, & built-in entertainment centres are perfect for additional shelves and surface area.
Hotel Living at Home:
Many condos, like Exhibit, eCondos, 1 Yorkville and Crystal Blu, feature luxury comforts and urban amenities that rival those of five-star hotels. With features that can include pools, fitness galleries, lounges, & private bars. Some buildings will even go that extra mile with 24/7 concierge service, to achieve that hotel experience from the comfort of your home.
Shop and Work from Home:
Many savvy Millennials & young entrepreneurs are choosing condos as start-up housing, allowing them to conveniently and comfortably work from home while staying connected. Also, new developments like Emerald Park, have integrated a retail component. Coffee shops, eateries & speciality boutiques on the ground floor or lobby provide an added level of convenience in your home.
Entertain (& Be Entertained) at Home:
Most condos come equipped with a shared space, but well-equipped amenity spaces are ideal for entertaining & make any event you host memorable. Our eCondos tower features a glass cantilevered pool & lounge, offering incredible 360 views of the city. 1 Yorkville boasts an outdoor theatre and firepit lounge, perfect for hosting summer get-togethers. Last, but not least, Exhibit’s rooftop oasis comes complete with a gorgeous reflecting pool & lounge.
When buying a condo, look for outstanding amenity spaces that you’ll enjoy for years to come.
The mild winter weather so far has really helped the pace of construction at E Condos. Both towers are well underway to redefining the Yonge and Eglinton skyline.
2016 has been a busy year for the entire BAZIS team with a number of projects taking shape. We kicked off the year with the finishing touches on Emerald Park, our iconic green glass towers located at Yonge and Sheppard. This striking and luminous architectural concept, dramatically punctuates the monochromatic skyline of North York.
As we enter the month of December we’re struck with one overwhelming thought: where has the time gone?! 2016 has been a big year for our on-the-go projects. Lots of changes and progress has been made on both our E Condo and 1 Yorkville sites. If you’ve walked past either in the past 365 days you can attest to the activity and great work being done. Both sites have required extensive excavation, but lots has happened since breaking ground. Continue reading
They say you learn something new everyday. Today we learned that another nickname for Yonge and Eglinton, is Yonge and Eligible, due to the soaring numbers of hip (and single) young professionals flocking to the area. Perhaps this explains the ever-expanding list of cool new spots opening up in the area. Whether you’re on the hunt for an after work drink, a spot to share a bottle with the girls, or perhaps a hip bar to take your next Tinder date to, Yonge and Eg has tons of places to wet your whistle. Continue reading