Original guide information
The following guide was last updated 2024-06-22. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Mid-Rise Condominiums
Although high-rise skyscrapers seem to have dominated the real estate market throughout the Greater Toronto Area, mid-rise condos have also started to gain importance as one of the new popular investments. As per the
Toronto real estate market, a mid-rise condo can be defined as a building consisting of storeys between 5 and 12. While this is the case, mid-rise condos can also have a streetwall which can rise up to 6 storeys. But not all places are famous for mid-rise condos, as you will find them thriving in only certain parts of the city. Although neighborhoods like North York Centre and Entertainment District consist largely of condominiums, there are still plenty of mid-rise condos that can be found here. Mid-rise condos are popular outside of the Downtown core in big cities like Toronto; however, they can be seen in most parts when it comes to smaller cities throughout the Greater Toronto Area. One of the main reasons behind mid-rise condos being preferred is that they take a shorter amount of time to construct as compared to that of high-rise buildings. There is already a huge demand for mid-rise condos by a lot of people throughout the city including David Wilkes who is the President and CEO of BILD. According to research, by 2030, the city of Toronto needs to accommodate an approximate of 5,00,000 new residents. Single family homes are not always a feasible solution as they are more expensive and not everyone can afford them. High-rise developments are also not a solution as there isn't much room left for more. The best solution in such scenarios are mid-rise developments where shorter buildings are currently located. No matter which city or town, there is a plethora of mid-rise condominiums to look out for by some of the most renowned developers in the Greater Toronto Area.
