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Toronto Luxury Real Estate – in High Demand

Updated: Mar 17, 2021

Despite the planet facing an ongoing public health crisis, the Canadian real estate sector has seen more highs than lows this year. Many regions worldwide experienced a rapid recovery after a moderate decline at the height of the coronavirus pandemic, some at a far higher rate than others. With more people working from home and a renewed emphasis on our living space, this has attributed to evolving market habits and shifts in home-buying patterns. Pent-up demand and historically low interest rates are supporting the housing sector.

The Toronto single-family luxury home was in high demand resulting in a seller’s market in October 2020 for properties in the $2.5M+ range. Trends in luxury home design have seen the incorporation of outdoor living spaces, gourmet kitchens, home offices, and gyms, allowing us to work and play, retreat and entertain all under one roof.



A unique redesign and rebuild, this luxurious loft is the perfect urban oasis and spacious retreat-in-the-city with all the high-end amenities and features to enjoy indoor and outdoor living year-round. Featuring exposed reclaimed brick, the bright and airy suite combines the best of cosmopolitan living with custom finishings.

The loft is located in the desirable and trendy Queen West neighbourhood, which was rated one of the coolest in the world by Vogue Magazine. It is steps away from the city’s best boutiques, shops, restaurants and patios, and bakeries and cafes. Enjoy breathtaking unobstructed city views with south, east, and north exposure and overlooking the Trinity Bellwoods Tree Canopy.



Luxurious walk-in closets for the fashion lover and expansive outdoor living spaces are high on the list of priorities for luxury home buyers. Also on the list is large kitchens, high ceilings, floor-to-ceiling windows, and the warmth of a ventless gas fireplace for those chilly nights. Decadent marble and glass bathrooms and an oversized soaker tub provide a spa-like feel in this incredible loft.



The interior naturally transitions to 700 square feet of private outdoor living space boasting a water feature, rooftop garden, and 12 walkouts where you can host intimate dinners or sophisticated cocktail parties in the spacious open concept layout.

In four of Canada's largest major urban centres, luxury detached houses showed healthy price appreciation since mid-March compared to the same period in 2019. The median price of a luxury condominium decreased only slightly in Toronto, while other regions in Canada saw double-digit growth in the median price of luxury condominiums.



Despite the pandemic, luxury real estate is experiencing continued growth as high net worth home buyers look for well-appointed properties to call home. The AC Luxury Team provides highly personalized service to discerning clients based on integrity, commitment, quality and expertise. Experience luxury with a team you can trust.


Alkarim Shivji

alkarim@foresthillprestige.com

IG @foresthillprestige



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