Rendering of Gramercy Park, Toronto
From the August issue: Homebuyers priced out of Gramercy or Soho may want to look a bit further north. A number of new condominiums in Toronto, Canada, are taking their inspiration from New York City landmarks.
The Gramercy Park, a new condo set to open in downtown Toronto early next year, is built around a private park, much like the Manhattan setting that inspired it. There’s also Soho Lofts in Toronto’s Yonge Eglinton area, the Residences of the World Trade Centre at 10 Yonge Street, and the New Times Square Residences near the city’s waterfront.
Home prices in Canada surged to new highs in May for the sixth straight month, according to the country’s Teranet-National Bank Composite House Price Index. Toronto’s market showed the strongest performance, with its home price index growing 1.7 percent from the previous month. [more]
