About 28 Condo towers have been built since 1992, with 4 new Condos under construction and another 32 in the planning and proposal stages. This surge in new Condominium construction is helpin to change neighbourhoods with new restaurants, services and shopping to serve the new home buyers.
Affordability is another reason buyers are attracted to this part of Toronto. New Condos are somewhat cheaper per square foot than Condos in the downtown core. Major Toronto developers like Tridel, and Monarch are planning new projects in addition to the ones already built suggesting a sign of confidence in the future of Scarborough.
With all the new home buyers adding vibrancy to the area, changes are seen even at the Scarborough Town shopping centre shopping mall, Scarborough Civic Centre municipal building, Albert Campbell Square, YMCA and Movie thaetres. New buyers are also attracted to this area because of the Scarbourough RT(Rapid Transit) line, the 401 and the Go bus and TTC terminal.
There are plans for dedicated streetcar lines to be built all over Scarborough and $365 million to triple the size of the Scarborough Rapid Transit to aid this new smart growth of yet another Toronto area.
For current listings on some of these new Scarborough Condos you can view my
Toronto Real Estate website for projects like May Tower, Ellipse, and Mondeo Springs.
