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The Hi-Rise Group Proposes Condo Towers on Kingston Road

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Following in the footsteps of the former Humber Bay Shores motel strip, demolished over the course of several years to free up space for a high-density residential community, another stretch of aging motels on the opposite side of Toronto is disappearing to make way for new development. Just east of Brimley Road at 2746 Kingston Road, a new proposal from The Hi-Rise Group in the Scarborough Bluffs area aims to redevelop the Royal Motel and the Avon Motel with a pair of condominium buildings.

2746 Kingston Road, Toronto, The Hi-Rise Group, Graziani+Corazza ArchitectsSite of the proposed development, image via submission to City of Toronto

An application for rezoning was filed in mid-December, revealing details about the proposed 13 and 16-storey towers, including their preliminary design by Graziani + Corazza Architects. At the east end of the site, the 16-storey Building A would contain 231 condominium units, while the 13-storey Building B to the west would contain an additional 180 units, for a site total of 411 condominiums. Both tower elements would rise from 6-storey podiums fronting onto Kingston Road.

2746 Kingston Road, Toronto, The Hi-Rise Group, Graziani+Corazza ArchitectsAerial view looking northwest to 2746 Kingston, image via submission to City of Toronto

At the east end of the site, a privately-owned, publicly-accessible space (POPS) is proposed, featuring design by Marton Smith Landscape Architects. This space will be contiguous with an outdoor amenity area serving Building A, forming an L-shape wrapping around the building.

2746 Kingston Road, Toronto, The Hi-Rise Group, Graziani+Corazza ArchitectsLandscape plan, 2746 Kingston, image via submission to City of Toronto

Residents of Building A would have access to a pair of amenity spaces, with an outdoor amenity space adjacent to the POPS at the northeast end of the site, connecting with an indoor amenity space at-grade. Building B would contain an indoor amenity space at the east edge of the ground floor. In total, the project calls for 490  of outdoor amenity space and 632  of indoor amenity space.

2746 Kingston Road, Toronto, The Hi-Rise Group, Graziani+Corazza ArchitectsAerial view looking southeast to 2746 Kingston, image via submission to City of Toronto

Additional information and images can be found in our database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread, or leave a comment in the field provided at the bottom of this page.

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Real Estate

Montreal real-estate prices climbing much faster than Toronto or Vancouver: study

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MONTREAL — The cost of housing per square foot has skyrocketed in Montreal while other cities saw little change over the last year, according to a new national survey.

The study found that condominium prices in downtown Montreal are up 13.5 per cent from last year to, on average, $805 per square foot.

That’s not as high as other cities, but it’s catching up — and Montreal’s rate of growth is outpacing other major Canadian cities.

Toronto’s condo prices grew to $1083 per square foot, an increase of just under 10 per cent, according to the study. In Vancouver, where you can find some of Canada’s most expensive condo prices, rates are down 4 per cent to $1192 per square foot.

To make the comparisons, Canadian real estate giant Century 21 collected data from real estate boards across the country to calculate the home costs per square foot.

“It’s important to compare apple to apples,” said Todd Shyiak, the company’s vice president of operations.

Montreal’s rise was even more explosive for detached homes and townhouses.

Detached houses in Montreal’s downtown and southwest rose to $958 per square foot, 40 per cent up from last year.

“It’s wild,” said Century 21 broker Angela Langtry. She says the pandemic raised demand.

“People had a lot of time to figure out they don’t like the home they’re in,” she said. “They all want pools.”

There was a big spike in sales, she noted, following a pause in brokerage during the spring, at the peak of the pandemic.

Experts say the pandemic will push people into the suburbs as they search for affordable housing and home office space.

“A huge portion of our society’s housing needs changed overnight,” said Shyiak. People “no longer need to be 10 minutes from the office.”

He says that could mean less demand for condos in the future. “People want their own front door,” he said.

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Carttera buys prime downtown Montreal development site

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Carttera has acquired a prime downtown Montreal site at 1455 De La Montagne St. which will mark its third development on the thoroughfare.

“We think it’s probably one of the best, if not the best, locations in the whole city,” Carttera founding partner Jim Tadeson told RENX. “We’ve had great success on De La Montagne.”

The two earlier projects are: L’Avenue, a building with 393 residential units, 84,000 square feet of office space and 34,000 square feet of retail that was developed with Broccolini and occupied in 2017; and Arbora Residences, a two-phase development with 434 rental and condominium units in three buildings being built in partnership with Oxford Properties.

Thursday’s latest acquisition, for $48.5 million from 630745 Ontario, is a 31,750-square-foot surface parking lot with flexible mixed-use zoning on the corner of De La Montagne and De Maisonneuve Boulevard West.

The site is near the Vogue Hotel Montreal Downtown, the new Four Seasons Hotel Montreal and high-end retail.

“It’s zoned for up to 203,000 square feet of density, which we’re going to take advantage of,” said Tadeson. “Our vision for the site is a condominium project with some retail.”

Since there is no demolition required and no heritage issues to contend with, Toronto-based Carttera plans to move ahead quickly with the luxury project.

It’s in the concept design phase and Tadeson said it could take six months or more before it’s prepared to make a submission to the city.

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Montreal Has the Hottest Real Estate Market in Canada Right Now

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If you thought Toronto’s real estate market was on fire, it’s time for a second take, because the market in Montreal is the hottest in all of Canada right now.

A newly-released annual report from CENTURY 21 Canada reveals that, following an early-spring decline due to the COVID-19 pandemic, sales numbers are bouncing back and house prices across the country are maintaining their strength. The study compared the price per square foot of properties sold between January 1 and June 30 of this year, compared to the same period last year.

In Toronto and Vancouver, unsurprisingly, prices remain high. But while regions across the country are seeing varied stories when it comes to their housing market fluctuations, Montreal stands out — there, prices have increased dramatically since 2019. While the numbers remain lower than Toronto and Vancouver, that housing market is proving to be the country’s strongest right now.

In Quebec’s largest city, prices have increased significantly since last year, particularly in the downtown detached house and townhouse markets. For example, the price of a detached house in Montreal’s downtown and southwest rose 42.14% to $958 per square foot, while townhouses went up 44% to $768, and condos, 13.55% to $805. Comparatively, in Toronto and Vancouver, prices saw more modest increases or, in some cases, even declines.

“Even though real estate in Quebec was not considered an essential service, we have seen strong demand and a jump in prices in 2020,” said Mohamad Al-Hajj, owner of CENTURY 21 Immo-Plus in Montreal.

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