The Toronto real estate market has been brisk and competitive for quite a few years now. Some would-be buyers that have postponed purchasing to save for a larger down payment, have found themselves priced out of the market in many of the areas that they were originally interested in.
When you’re renting in a neighbourhood that you’re fond of, often it’s the first area that you want to consider living in when the time comes to buy your first place. It’s a big decision choosing where you want to live. It’s not just about the physical attraction to the building which you’re going to be calling home, whether it is a house, condo or loft. The surrounding hood can be just as important and everyone’s lifestyle and priorities are different. For some having a park nearby is necessary for walking their dog, playground for kids or perhaps a sports hobby that involves a green space. Others want to live close to the lake, just for the tranquility felt by walking along the shoreline and gazing at the water. Many people are abandoning their cars and having public transit nearby is necessary for getting to their businesses and schools. One of the perks of living in an urban area often is being able to walk to markets, shops and café’s and feeling part of a community.
King West Toronto is becoming known as having hot new sexy and cool reinvented hoods that are shaping into exciting places to live. Especially now since the construction of new King Condos by Westbank and Allied and Bjarke Ingels Group Architect has begun. When looking at condos, generally the newer built will also be smaller in size. Most builders today are trying to accommodate lower price ranges with starter bachelor/studio style suites working up to the larger sizes. You can get great deal on a new King condo WestBank wile in pre-construction phase.
Hip Liberty Village is really close to Toronto’s financial core and the art galleries found in the King West area. The 45 acres have been developed into beautiful townhomes, condos, heritage buildings and exciting retail. Old factories have been converted into live/work lofts, galleries and restaurants. It’s a real community that is attracting a lot of interest. Stacked townhomes start as low as 200k’s for a tiny space going to over 300k for more elbow room. The King West hood with its great art and entertainment vibe has condos ranging from the low 300k’s to high 300k’s for someone starting out.