Canary District Living: Home
28 February 2019
Canary District Living

There are a number of communities undergoing master planned redevelopment and revitalization in Downtown Toronto, from pre-existing neighbourhoods such as Regent Park and Alexander Park, to instant neighbourhoods with an urban legacy like West Don Lands, Canary District and Bayside. There are many benefits in buying, living and investing in these master planned community.



Top 5 reasons for living in a master planned community:


1. Beyond the concrete jungle with less homogeneity - 


The design and planning begins with a vision from micro to macro level, from treed walkways, parks and open space, schools and amenities, zoning density and building heights, roadways, to overall transit and city infrastructure planning. These are usually areas that fall in the downtown urban infrastructure map. Every step of the development is followed closely by media and the public with a critical eye. 
 



2. Better quality of living -


An integrated sustainable community undergoing detailed planning means that purchasers are not just buying into a condo, you are buying into a community lifestyle with mix use development, integrated green space, recreational, schools, banks, grocers and services that will be built into the neighbourhood. Developers make more efforts to screen first time commercial tenants when leasing their new spaces to bring in attractive businesses to build a vibrant neighbourhood offering more atypical and diverse shopping experience for local residents. Public spaces are often programmed with events, farmer's markets and movie in the park. 


3. Variety of housing types and people focused - 


The builder in a master plan community tends to make more effort into sourcing the architect with more thoughtful design of the condo, living spaces and amenities. Each completed building sets a blueprint and precedent for future builds. More efforts are put into the architecture of each building to offer distinct characteristics as landmarks or features in the neighbourhood. The housing type and building amenities for each building are geared towards a researched demographic as the community grows in harmony, from first time buyers, investors, young professionals, downsizing empty-nesters to growing families with children and pets.


The variety of housing types and selections from mid-rise/high-rise apartments, one to three bedroom condos to 3 bedroom or larger townhomes, offer the home buyer a range of choice and price range geared towards their particular lifestyle and budget. These communities allow homeowners to grow in the same area as they move up, often with parents buying into the same master plan development as a multi-generation mix.


4. New utility and smart energy system - 


Part of the master plan require immediate updating and improvement of existing utility system, and establish more efficient and sustainable strategy for water and waste water management as the area grows, as well as building on smart energy.


5. Market appreciation-


Buyers can get the best value when buying into the first phase of the development as the builders generally roll out prices at a much more competitive rate per square foot cost compared to established neighbourhoods. Home owners and potential purchasers can keep track of how developer prices increase over time within the master planned community over future sales launch. 


Start your Toronto condo search right by getting in touch with an expert who is well versed in the purchase and sale of pre-construction condos. If you are looking for a condo in a master planned community, I can help you put everything into perspective and select the best neighbourhood based on your needs. Email me for more information, I would love to connect!

Anne Lok is a Toronto Real Estate Broker with over 14 years of experience. She is the co-founder of Canary District Living who specializes in all aspect of residential real estate from modern houses, infill development, condos, lofts and rental properties in urban Toronto neighbourhoods. The Canary DIstrict Living team aims to provide not only the best client service, but also a genuine authentic experience that will match your expectations. You can learn more about Anne at  linkedin.