The Yorkville Quarterly Market Update Q3 2016

Summary: The summer months of 2016 showed a bit less activity as compared to a year ago, in the condominium resale market, while in the freehold market, there were a few more listings and sales. With respect to new condominiums, there are now eight (8) new projects at various stages of development and construction, 88% of units being pre-sold.

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Tips and tricks for downsizing to a condo

Downsizing is never an easy task, especially when moving from a house to a condo. You have to take into account that your daily routine will change and your amenities will be different (in most cases). People will decide to downsize to a condo perhaps because they are retiring and looking for a new home with little to no work to keep it up, or maybe your job transferred you to the city and you would rather live closer to work than not. For whatever reason you are making the change, it is always best to do a bit of research so you go in knowing exactly what you need to do, as well as what you are looking for in a new forever home.

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How Yorkville came to be

The prestigious and luxurious neighbourhood of Yorkville was not always the way it is today, i.e., surrounded by lavish condominiums, high end shops and boutiques, five star restaurants and hotels. On the contrary, Yorkville was not even a district of the City of Toronto and also went by a different name. This historical neighbourhood has gone through many changes, both in name and the company it attracts, ever since the early 1800s.

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