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King West Market Report

King West Market Report

-March 28, 2018


Playground Condos by Cityzen is coming to trendy King West very soon and there is already tremendous interest. Expecting some very good pricing and incentives for this launch, we are giving you the very first opportunity to make an informed decision!

Why King West? The Technology revolution in Toronto is booming, representing about 1 in every 7 jobs and 2Xthe Canadian technology employment growth. King West has been targeted as the place to be for technology-focused companies. Companies like Uber, Twitter, eBay, Paypal, Kijiji and many more are in King West right now!

Global technology employees searching for work and living accommodation see the cost of living in Toronto is cheaper than tech hubs like San Francisco and New York and the quality of life and amenities here are better or equal to those cities. All this makes Toronto the fastest growing tech market in North America!

Canada will welcome nearly one million immigrants over the next three years. This will continue to support demand for developments like Playground Condos and others just like it in King West. For example, two new developments in this neighbourhood are Zen King West by Centrecourt and Kingly by RioCan. Pricing at Zen King West was approximately $850-$950 per square foot, and pricing at Kingly was approximately $900-$1000per square foot. Both developments are now SOLD OUT.

In the resale condo market, recent neighbourhood transactions show selling prices in the

  • $700 – $1000 per square foot range.
  • Resale prices increased 57% in the past 5 years (9.44% p.a. compound growth)

Recent lease transactions for condos in this area are as follows:

  • Studio $1600
  • 1 bedroom $1,800 – $2,000
  • 1 bedroom and den $2,100 – $2,300
  • 2 bedroom $2,500 and up, and increasing!
  • Rents have increased over 33% in the past 5 years (6% p.a. compound growth)

Playground Condos is already under construction and will be perfectly located in a prime tech demographic with many employers dedicated to fostering technology growth in Toronto.

  • This makes it a perfect area to buy an investment condo.
  • High Wages, High Rents and a significant growth area.

Register with us for a personalized investment analysis to learn much more about Playground Condos and be among the first to get pricing and floor plans.