After a year of historic high prices and fearful market dips, many analysts now agree that the Greater Toronto Area (GTA) housing market is balancing out in 2017. Recent statistics from the Toronto Real Estate Board (TREB) show that prices in the Toronto condo market continue to appear strong with the average selling sale price sitting just a bit below $520,415 in September 2017—a 23.2% increase in price from September 2016. With a competitive condo market, that also means the competition is high among top condo developers in Toronto.
If you’re in the market for a Toronto condo, the question is where to start? With so many neighbourhoods and condo builders in this popular market, it can be hard to figure out what building, unit and developer will best suit your needs and budget. To help, we’ve compiled a list of the 14 top condo developers in Toronto and included a few of their new condo developments.
Minto: Yorkville Park & Westside
A household name throughout Canada for over 60 years, this family-run developer is known for great customer service and green-friendly designs (and plenty of awards to prove it).
Right now, Minto has two great residences on offer with their new condo developments in Toronto.
Minto Yorkville Park will provide upscale living on one of the city’s finest and most sought-after neighbourhoods. Tagged with the sales line “24 Karat Living,” this luxury building offers 25 floors of the finest art-deco-inspired finishes. Think brass and gold combined with the curves of art deco and the rich, contemporary finishes of granite and steel. The Toronto condo building also promises exceptional views of the Village of Minto Park, plus there will be a communal, ground-floor pet wash station for the convenient use of residents.
The other project by Minto is the Westside project, being built at the intersection of Front Street and Bathurst Street. The project includes two building: the 18-storey East Tower and the 20-storey West Tower, known as Bside. This design-forward condo development highlights the cosmo-appeal of renowned firm Wallman Architects, who created a project inspired by old warehouses, large windows and playfully reimagined space.
Tridel is known for building Toronto’s first-ever single-family home way back in 1927! Since then, Tridel has built their business around excellent customer service, high-quality buildings, and green-friendly, forward-thinking initiatives (they were one of the first Toronto condo builders to consider better spaces for single-women condo owners). A massive builder in the condo and multi-residential market, Tridel currently has 10 unique condominium building in the Greater Toronto Area and each complex offers something a little different. While all are built with top quality materials here are two options that are currently in the selling phase for their new condo developments in Toronto.
The Bianca project is on Dupont Street just west of Spadina Avenue. This new boutique building will merge dynamic architecture with stunning terraces to offer unit owners a selection of luxury suites. While the smallest suites are now sold out, there are still plenty of options including a stunning 3+ bedroom-unit that boasts more than 1,630-square-feet of space and priced at just over $1.8 million.
Tridel’s Via Bloor project is a unique opportunity for anyone that wants to live in the city’s downtown core, near the prestigious Rosedale ravine. Units in this project start at 950-square-feet and go up—and all units are on floor 38 or higher! Prices start at $934,000 and occupancy is scheduled for spring 2021.
One of the top condo developers in Toronto, Daniels Homes has been in the home building industry for over five decades and in that time it has become one of the largest and most awarded developers in Ontario. Incorporating both a modern and energy-efficient design, this builder is well-known for the variety of luxury amenities offered in each of its condominium communities, however other initiatives are making it a stand-out in the building community. Daniels is a proud supporter of accessible design and offers an Accessibility Designed Program (ADP) that builds homes for people using mobility devices and goes beyond the current Ontario Building Code requirements. This builder also offers a First Home Boost program, which helps first-time home buyers increase their downpayment from 5% to 15% through an interest-free, payment-free loan.
At present, these Toronto condo builders have 13 projects in Ontario and over half of these are in Toronto. Right now, the developer is taking registration for The Sutton Collection, an exclusive collection of townhomes and semi-detached home that start at $1.2 million in Toronto’s east end.
Currently for sale is the Bartholomew Downtown East. Nestled in the centre of Toronto’s vibrant Dundas East neighbourhood, this building offers a collection of condos suites and traditional townhomes.
Known for cutting-edge techniques including meeting the highest of standards in air quality and green construction, Great Gulf is one of the top condo developers in Toronto and continues to push the boundaries of the multi-residential market by offering some pretty incredible buildings—most of which are Toronto’s tallest buildings. Great Gulf is slated to grow within the next three to five years, although, some recent buildings experienced construction delays. Still, this builder is doing something right! They brought home BILD Builder of the Year in 2016 as well Hot Condo award in 2016. Their latest projects include Kings Street & Blue Jays Way as well as the Mirvish + Gehry condos at King and Duncan Streets. (Although, there are still suites for sale at the iconic One Bloor building.)
Despite being newer to the Toronto condo scene Urban Capital has built a reputation on putting a lot of thought into developing communities. The developer’s best-known complex is the Camden Lofts in the city’s Fashion District. This developer is also best known for building Toronto’s first-ever true micro-condo, Smart House. As a result, Urban Capital is quickly becoming one of the most awarded and hottest condo developers in Toronto. There are currently nine developments from this builder, including five in Toronto.
Menkes first cut its builders teeth with single-family homes but over the last 60 years, Menkes has successfully integrated into the Toronto condo scene while expanding into industrial and commercial ventures throughout Ontario. At present, the developer is working on six condo builds with more on the way. We recommend keeping your eye on One York Street and Harbour Plaza. While each complex is built with environmentally sustainable materials, construction issues have been known to pop up every once and awhile.
Another developer new to the Toronto condo scene is StreetCar Developments. They’ve quickly made a name for themselves by developing niche, mid-rises and soft-lofts—this was the builder responsible for renovating The Broadway Hotel, a reimagined and restored 156-year-old boutique hotel on trendy Queen West. Building unique, non-cookie-cutter condo spaces is their sweet spot and they are currently working on the Riverside Square on Queen East.
Did you know this condo developer is attributed with revitalizing the King Street West neighbourhood? When first coming into the real estate market, Freed Developments’ sole focus was on neighbourhood condo developments. Now, that focus is shifting a bit. These days the focus is on creating Canada’s first diversified lifestyle company—now known as Freedstyle. This shift in priorities puts a strain on resources and this added to unscheduled delays means some of the bigger, recent projects went into late completion territory. Two of the more popular projects were 150 and 155 Redpath, but both are sold out. The Sixty Colborne building, at King and Church, is still selling and offers a Walkscore of 100!
Among the top Toronto condo developers, Camrost has been in the building industry for 40 years and is known for creating landmark condominiums throughout the Toronto area. Featuring pristine craftsmanship and unique style, it’s no wonder why Camrost has won several awards for its architecture and is ranked among the top condo developers in Toronto. In fact, if you’re in the market to own part of a truly unique building in Toronto look no further than this developer. One of the more prominent buildings is the Yorkville Private Estate collection at 155 Yorkville Avenue in the heart of downtown Toronto. These units offer unobstructed, protected panoramic views of the Toronto skyline, along with 10-foot high ceilings and luxury-finishes.
Lamb Development Corporation
Among the top condo developers in Toronto, Lamb Development Corporation finds great spaces in some of Toronto’s most unique areas. Known for being close to central, urban hotspots, yet offering the most privacy and luxury possible, Lamb Developments has made a name for itself in the highly competitive Toronto-condo scene. Two upcoming complexes to watch out for is James and East 55. (Keep in mind, builders are ranked on their ability to create beautiful, functional building and their ability to follow-through on customer concerns.)
This privately held condo developer is known for creating some of the city’s most iconic skyscraper condo buildings: Emerald Park on Bogart Avenue. This developer’s mission is to focus on urban renewal and design innovation by offering a range of living options at an affordable price. One of the most talked about developments in Toronto is the new 48-story tower that Metropia and Capital Developments are constructing together on Roehampton Avenue. This development will replace an eight-storey building that was built in the 1980s, with a massive tower complete with built-in community space and commercial centre.
Similar to StreetCar, CentreCourt is known for creating condo developments that fit in and blend with their existing surroundings. While this Toronto condo developer has only seven completed high-rises developments in Toronto, as of right now, all of their completed residences sell out within weeks—quickly claiming them as one of Toronto’s fastest selling condo developers with an outstanding reputation. Their most recent development is The Zen on King Street West and scheduled for completion in the spring of 2020. There are one and two-bedroom units ranging in size from 450-square-feet to just over 750-square-feet (current prices start at $413,000 and go up to $632,000).
A true leader in the Toronto luxury home and condo space, Cresford builds condos inspired by the European architecture. If you’re looking for an upscale condo in an urban setting where no detail goes unnoticed, Cresford offers some amazing properties. They have several projects underway, including 33 Yorkville (which boasts that you can have a Yorkville address for under $1 million).
Being one of Toronto’s top awarded condo developers—they took home three BILD awards in 2016 for a 60-storey building at 35 Wabash—it’s no wonder this builder made it on our list! While their name isn’t as well known as others, Zinc Developments has a reputation of being able to build a variety of projects from two-storey condo units to low-rise condos to modern and luxury units. One of their specialities is creating boutique condominiums in repurposed buildings such as the old St. Basil’s Catholic School at 36 Hazelton Avenue. While the Wabash complex is now sold out you can register on their site to hear about upcoming projects.
And that’s a wrap on this round-up of the top condo developers in Toronto.