When it comes to seeing a healthy ROI on pre-construction condos in Toronto, it starts with choosing the right people for the job. Certainly, there are various condo developers in Toronto. But, the question is, which one is right for your project?
In no particular order, here are 9 of my favourite Toronto condo developers, all of whom get the green light from us here at Precondo.
Daniels is one of the most reputable condo builders in the real estate market. They have received Toronto Arts and Business Award, and Toronto Urban Design Award. Daniels build incredible dream condos and they do plenty of low-rise high quality buildings as well. Moreover, bringing a lot of the features and finishes, Daniels high quality projects are always more of spacious suites. For instance, one of their most luxurious buildings include Festival Tower, located right in the middle of the Toronto’s entertainment district.
What Daniels Corporation has built:
- The Jackson Towns
- Evolv Rentals
What Daniels Corp is up to:
- Daniels MPV
- Wesley Tower at Daniels City Centre
- Kindred Condominiums
Concord Adex is one of the most well-funded and best condo developers in Toronto. They specialize in large master-planned communities in Toronto. Likewise, their project Canada House located at 23 Spadina Avenue is a beautiful complex. Also, they have City Place community in Downtown Toronto.
What Concord Adex has built:
- The Gloucester on Yonge
- The Lakefront Condos
What Concord is up to next:
- Concord Sky
- Concord Park Place: Block 7
Pinnacle is a top-tier real estate developer in Toronto and has completed many high-rise, mid-rise condos and commercial developments offering the luxury to view the beautiful Toronto’s skyline. Similar to Concord, Pinnacle is a very well known builder in Vancouver and has been making its mark in the city over the past few decades as well.
Further, they’re well-funded condo developers. Likewise, their projects complete generally without much delay. Besides, most importantly, all of their projects are built with a remarkable level of quality and stand the test of time. Pinnacle often prices its projects very competitively. Thus, this makes their real estate developments in Toronto the safest of investments when combined with their self-financing structure.
What Pinnacle has built:
- Pinnacle Grand Park
- The Ritz in Vancouver
- The Pinnacle on Adelaide
What’s in Pinnacle’s Pipeline:
- Pinnacle Toronto East
- Torino – Pinnacle Living at Capstan Village
Great Gulf is the recipient of many awards and one of our favourite condo builders in the Greater Toronto Area. They have completed a number of real estate projects with a breathtaking view of Toronto skyline. Moreover, they have their luxurious condo developments in Alberta, Texas, Florida, and Washington.
What Great Gulf has built:
- One Bloor
- Charlie Condos
- Monde Condos
What Great Gulf is up to:
- 357 King
- Yonge + Rich
- Home on Power
Diamante may not be the largest or the most well-known condo builder on this list. Evidently, they’ve built some of the best and most unique developments in the Greater Toronto Area and have been a great developer for our clients to invest with.
For example, the suite layouts and incredible opulent standard finishes make their Italian roots evident.
Therefore, focusing on quality over quantity has allowed them to bring some of my favourite luxury developments to the market. Diamante’s landmark Development at Davenport & Bay, The Florian, actively trades resale at over $1300 Per Square foot, putting it in Toronto’s ten most expensive condo buildings.
What Diamante has built:
- The Florian in Yorkville
- The Royalton
What’s coming up for Diamante:
Urban Capital is one of my top condo developers in the city. They’re not as well known as the others on this list. However, they’ve been around for some time now after starting their first building in 1996. This was the creation of 48 units dubbed the Camden Lofts.
Over the years they have proven to be a reliable, albeit smaller builder, who gets their projects done on time and to an exceptional standard. So, since starting in the 90s, they’ve completed over 3,500 condominiums and currently have over 1000 under construction, coming in at just over $2 Billion in development.
Although Urban Capital is small compared to some of the guys here. But, their track record speaks for itself and they have some exceptionally priced developments from time to time.
What Urban Capital has Completed:
- Gorsebrook Park
- Charlotte Lofts at 36 Charlotte St
- Tableau Condominiums at 125 Peter St
Urban Capital’s Next Developments:
- M3 Condos by Rogers at Square One
- Kingsway By The River In Etobicoke
Menkes has completed around 30-40 Condominium developments in the GTA to date. Their builds include many condos with a mix of single-family homes, detached houses and semi-detached houses and plenty of high rise condominiums.
Also, they are the real estate developers for the Four Seasons Private Residences, the most luxurious condo developments in Toronto. Well versed in development and well funded, they are the ones who even mention the pre construction options on the ground floor.
Some of Menkes notable builds:
- The Four Seasons Private Residences
- Harbour Plaza
What’s up next for Menkes:
- Sugar Wharf at LCBO Lands
- The Whitfield
No surprise here. If you follow the Toronto Condo market at all, you know who these guys are. Indeed Tridel‘s projects sell well both pre-construction and resale.
They always get complete in a timely manner. Furthermore, the build is always high-spec, and have excellent customer service.
Their Ten York project offers stunning lake views. Thus, it makes them one of the best condo developers who can build a dream condo in every next project.
What Tridel has Built
- Royal Bayview
What Tridel is up to:
- Signature Series
- Classic Series
In terms of minimizing potential losses, the developer is the most crucial factor in any pre-construction purchase. Certainly “location” has always been the top priority in buying any home, I’d still put location at a strong number two behind the condo developer.
Some of the many questions you need to ask yourself as a potential investor include:
- Will the project have good resale value?
- What is the completion time and are delays expected?
- How quickly will it register?
- Will it be built if it doesn’t sell well?
The closest thing to a guarantee you’ll get to any of these questions is buying with any of these reputable condo developers.
When faced with the option of purchasing a pre-construction condo at two nearly-identical developments, I’ll gladly pay a 10% premium to purchase from a developer that I have just mentioned above, compared with a first-time developer or a developer with a hit-and-miss track record. Their remarkable quality of project will surely stand the test of time. The projects are uniquely designed and constructed at many busiest intersections of the city.
Have any questions about condominium projects in downtown Toronto, North York or any other areas? Feel free to get in touch and the Precondo team will get back to you.
1. Joannah Connolly, Developer files application for 54-storey downtown Vancouver tower (IMAGES), retrieved from https://www.vancourier.com/real-estate/developer-files-application-for-54-storey-downtown-vancouver-tower-images-1.23459188
2. Colliers International, Colliers International Partners with HOOPP and Menkes to Manage Leasing of Award-Winning AeroCentre Buildings, retrieved from https://www.globenewswire.com/news-release/2017/09/12/1118354/0/en/Colliers-International-Partners-with-HOOPP-and-Menkes-to-Manage-Leasing-of-Award-Winning-AeroCentre-Buildings.html