Benefits of Living in a Condo in the Harbourfront

Walk Score: 89
Transit Score: 100
Bike Score: 86

The Harbourfront neighbourhood has something for everyone, some of the city’s best art galleries, easy access to lakeside jogging routes and water-based activities, spectacular views of Lake Ontario, near-limitless year-round entertainment, and a host of great dining and sightseeing options.

With so much to do, it’s no surprise that the Harbourfront is one of the fastest-growing areas in Toronto.

Here are the top four benefits of living in a condo in the Harbourfront:

1. The Harbourfront Centre

The Harbourfront Centre occupies a 10-acre site on the shore of Lake Ontario and offers the best in arts programming, events, and cultural food. The site hosts over 4,000 events every year, and it’s known for its restaurants, art galleries, gardens, walks, and community spaces. But it’s not just for the tourists; you’re just as likely to find residents enjoying the world-class cuisine or taking in an event – there’s something for everyone.

It’s also the starting point for exploring the area with regular ferries departing for the Toronto Islands, and it’s home to the Music Garden which was inspired by music written by the composer Bach.

2. Casual Dining and Drinks

Many of the neighbourhood’s dining options are concentrated in the Harbourfront Centre, and most offer amazing views of the lake. From authentic Italian coffee at Lavazza Espression, to Boxcar Social for after-work drinks and Lakeside Local Bar and Grill for casual dining, it’s no wonder that Harbourfront residents don’t ever feel the need to leave the neighbourhood. But, the Harbourfront’s central location in Toronto means that you’re just a short distance from fine dining restaurants in the downtown core, so you’re never short of options.

3. Views and Buildings

Living in the Harbourfront means views and lots of them! Tap into the energy of Miami when you own a condo in one of the buildings here as many have been designed to reflect the characteristics of Lake Ontario. Much careful thought and planning has gone into making the Harbourfront one of the most desirable places to live, and the breathtaking views and beautiful buildings make the most of this.

4. A Strong Community

The downtown Harbourfront neighbourhood stretches along the shore of Lake Ontario is a lively, bustling area with some of the city’s best condos. It also boasts a small-community atmosphere that is not often found in a neighbourhood dominated by condos. The area is quieter in the winter months when residents have the paths and gardens to themselves. Then, in the summer months, the Harbourfront comes to life as residents and visitors enjoy the best that this inner-city suburb has to offer.

5. Convenient Condo Living

The Harbourfront offers the best of condo-living. There are a number of older buildings that have the benefit of bigger floor plans that you won’t find elsewhere in the city. But there are also newer developments that offer the best in luxury fittings and finishes and state-of-the-art facilities.

With lots of green space, incomparable views of Lake Ontario, and access to the city’s top entertainment, culture and dining choices, the Harbourfront is one of the best places to live in Toronto. It’s a place you can happily call home with its wide-open green areas and sea views, yet with all the benefits of inner-city living.

The Harbourfront lifestyle is difficult to beat with recently added bike paths, the expansion of the 509 streetcar, access to the Martin Goodman Trail, ferries to Toronto Island, and much, much more.

3 Reasons to Get into the Toronto Real Estate Market Right Now

Great things come from owning your property, and we want to empower you to make strategic real estate investment decisions. It’s time to take action and join our growing network of clients who have found the process straightforward as they experience the thrill of owning their own property.

Don’t let anything hold you back from your dreams of becoming a property owner or investor. We have 3 reasons why there has never been a more opportunistic time to get started than now:

1. Take advantage of low-interest rates

If you’re considering taking the plunge and investing in Toronto’s real estate market, the time to act is now. Why? Because interest rates have been at or around record lows for close to ten years, making it more attractive to own rather than rent. Consider the risk of waiting longer – you could easily end up with a higher interest rate, which will make paying off your mortgage more expensive and put unnecessary pressure on your income.

2. Grow your wealth (and cover your mortgage)

Buying a condo in Toronto is an investment, not only will you benefit from the growth of the property, but the high rental prices mean that you can generally cover your mortgage repayments on a monthly basis. This is especially true in Toronto’s booming condo market where vacancy rates are low, and rents are high.

Another way to think of it is enforced saving. It can be difficult to put away money every month into a savings account, but with your mortgage being automatically deducted every month, this discipline is going to help you grow your long-term financial wealth and stability.

3. Make the most of a competitive real estate market

Toronto property markets have seen an uptick in the last few months or the demand has been hot for real estate in the Toronto market and we have seen an increase in sales due to the demand versus the low inventory. And, in some cases, this has even led to bidding wars.

While property markets elsewhere have completely stagnated, demand in the last few months is rapidly catching up to (and overtaking) supply. If you’re a first-time buyer, this is the time to act as conditions are the best that they have been since 2009. The strength of the growth in Toronto’s most prestigious neighbourhoods has given investors confidence that the current Toronto’s real estate market is not a bubble, and many are looking for new opportunities.

With a number of different factors affecting Toronto’s real estate market, there is a limited-time opportunity to get into the market. Mortgage rates are now being offered at under 2%, the lowest in history, making it advantageous for first-time property owners and investors. There has never been a better time to start building long-term wealth and financial security for your family.