Combine rising technology with the paucity of new condominium launches in the GTA last year and you’re playing what will doubtless be certainly sought-after developments in 2021.
Joy Station Condos as a result of Liberty Development, named after nearest Mount Joy Go Section in Markham, is worries and hassles its first phase comprised of two 22-storey towers formulated from over 500 units, along with considering how hot all of the condo market is becoming, the entire timing of this launch couldn’t be better for investors.
“There hasn’t been a condo start-up in Markham for over a whole year now, so there’s one particular supply issue there furthermore demand for this will be high, ” said Louis Nguyen, VP of sales and marketing at Overseas Home Marketing Group. “When people look for a home in their 905, they want to be within just minutes close distance to roads and to GO stations, yet Joy Station is located nearby both. ”
Demand outstripping supply is nothing very new for the GTA, but the marketplace is hotter than it’s most people have struggled and supply is lagging even further behind than usual. Yet, Amusement Station is still being sold for just $1, 000 per sq ft, one of the few condo fads in the GTA that haven’t broken four figures.
“Vaughan, Richmond Hill, Mississauga and simply Oakville are selling for over $1, 000 psf on range of projects, ” said Nguyen. “Joy Station is in proven area of Markham and places of residence there have been appreciating very quickly , with townhomes now over $1 million. While this is primarily an end user neighbourhood, the profile of the neighbourhood has created a lot of opportunity for investors.
“Joy Station is equally designed for investors and end users, with incredibly efficient use of space. There’s no wasted space in the units and the floor plans will help investors get the best return on the price per square foot.”
The most impressive aspect of Joy Station is it’s incorporated the latest smart building software by 1Valet, including facial recognition to do entry into the building.
“These technological features are affairs residents are beginning to expect in today’s times, and in only a few short quite a few years everyone will expect the whole bunch, ” he said. “Joy Station has this technology, and it will help us differentiate themselves from the existing buildings in the area. Should be and end users will love those same features. They won’t simply make the first phase buildings current, they will add an air conditioner of futurism to them exactly the same time. No buildings sold in the previous few years have these features and benefits. ”