Toronto is the city of choice for world renown builder BAZIS Inc. Ranked as one of the safest cities in the world, Toronto is liveable, multicultural, beautiful, and rapidly growing! It is undeniable that Toronto is booming, the local real estate market is one of the hottest in North America. But with new residential and commercial developments sprouting at a rapid rate, it is vital to ensure that urban builders don’t just have profits in mind. BAZIS Inc. is a perfect fit for the Toronto real estate market. They understand the complexities of vertical, urban architecture, and the foundations needed to build luxury living spaces that promote a sense of community within a busy urban core.
Toronto is Safe
An eye skyward is all that’s needed to see towering cranes busy constructing new Toronto condo developments, and it’s not by chance; Toronto has been voted one of the safest cities in North America, and the 4th safest city in the world by The Economist’s Safe Cities Index 2017. Downtown Toronto is bustling 24 hours a day, and despite its large population, residents and visitors alike feel safe and secure in the bustling, friendly city.
Toronto is Multicultural
Toronto is a very livable city with great walking scores and an expansive transit system providing easy access to the a multitude of amenities, services and neighbourhoods across the city. Every Toronto neighbourhood has its own unique character, largely inspired by the immigrants who first called the area home. Toronto is a welcoming place where new Canadians can settle, start their new lives, and find themselves right at home. Between 2001 and 2006 alone, the City of Toronto reports that over 1 million new Canadians called the city home. More than 140 languages and dialects are spoken in Toronto, making it one of the most multicultural cities in the world. This beautiful and unique cultural mosaic has created an epicentre for world-class art, theatre, entertainment, and dining in the city of Toronto.
Toronto is Bustling
There is no question as to why Toronto residential real estate is booming; Toronto is the largest city in Canada, with almost a quarter of Canadians living within 160km. The Toronto financial sector is on par with the best in the world and continues to distinguish itself as a vital financial centre. The Toronto business sector is booming with many multi-nationals calling Toronto home. And, with an increased focus on technology, engineering and innovation, Toronto is quickly becoming a haven for entrepreneurs and startups.
BAZIS is right at home in Toronto. With extensive experience in urban design and development, BAZIS has been at the forefront of residential and commercial real estate development for more than a decade. The focus at BAZIS is on designing luxurious living spaces with the utmost attention to detail; living spaces where expression through design meets human interaction. They understand the mindset and needs of today’s urban buyers and continue to exceed expectations with their luxury Toronto condo developments like Crystal Blu, Emerald Park, Exhibit, eCondos and 1 Yorkville.
Condo market still hot as key factors continue to drive prices up – at a more moderate rate
Reports indicate that while the GTA real estate market has cooled a little, the indicators are still projecting healthy 2017. With only 2 months’ housing supply, low-interest rates, and high demand, it’s still a good time to buy.
While skyrocketing prices have been the norm for the better part of a year, the hot Toronto market is starting to show signs that it may be starting to stabilise.
New resale listings in the GTA surged 48.9% in May on a year-over-year comparison according to the Toronto Real Estate Board (TREB) it does not cause concern. According to Toronto Real Estate Board President Larry Cerqua, the GTA’s supply of (resale) product as of the end of May is only about two months worth. This continuation of low inventory levels suggests that home prices in the GTA are not headed downwards, but will have a more subtle cooling. TD’s economic-research department now forecasts that GTA prices will rise 12% in 2017, just slightly down from its previous estimate of a 15% increase.
The fundamentals that have driven the Toronto condo market to its current heights, despite analysts suggestions, are still there. Low-interest rates, a lack of inventory, and high demand will continue to keep prices rising in the condo market, albeit at a more moderate rate.
2016 proved to be another record setting year in the real estate market with particular sales growth being experienced for condominium apartments followed by detached homes. Continue reading