IDEAL MARKET FUNDAMENTALS AND DEMAND
FAVOURABLE DEMOGRAPHIC TRENDS
The Toronto Midtown area represents an ideal demographic profile, as the population within a 3km radius of the Site is anticipated to increase by almost 10% by 2027 and the average household income of those living within the radius is just over $263,000, which is more than double the City of Toronto’s average (Sitewise, 2023).
As one of the City’s preeminent locations for both homeowners and renters, the Toronto Midtown neighbourhood commands significant end unit pricing and rental rates for condominium and purpose-built rental projects. The weighted average price is currently $1,530 per sq. ft. for active condominium projects and the average rental rate is $4.51 per sq. ft. for nearby purpose-built rentals (Altus and Urbanation, 2023).
10 // 57-93 Balliol Street
11 // 57-93 Balliol Street
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