A 1970s rental tower in Etobicoke’s Eatonville community could soon share its lot with three additional high-rises that would bring 924 new residences to the neighbourhood.

Seasons at Simply Grand offers a vibrant location within proximity to the best amenities and attractions the town has to offer.

Since summer 2020, declining rents have caused a large number of investors to offload their units, especially in Toronto, leading to falling resale prices after an influx of condo listings hit the market. A reinvigorated rental market would help reverse this declining price trend.

The 43-unit cottage community sits amidst the pristine landscapes and crystal clear waters of Lake Rosseau.

While the story around the drivers of 2020’s urban exodus typically focuses on pandemic-driven changes to homebuyer preferences, there was always an affordability element involved.

The development would meet the Housing Mix Policy for Rezoning Projects as 35 percent of the apartments would be family-sized with two or three bedrooms.

“Super-strong demand is quickly depleting inventories across the country. Competition between buyers is extremely fierce in many markets, and a ‘fear of missing out’ is taking hold,” RBC Senior Economist Robert Hogue said.

Future Centennial College and UTSC students may have a brand new apartment building to call home if a rental tower proposal on Ellesmere Road moves forward.

The Dupont will house 329 suites, hotel-inspired amenities, and over 31,000 square feet of retail spaces.

Plans for its redevelopment include construction of a pair of modern condo towers situated behind the heritage buildings with 320 suites, outdoor spaces and private amenities.

While buyer interest in suburban single-family homes has dominated headlines for months, the city’s condo market is climbing its way back into the spotlight.

How quickly and strongly the city’s beleaguered rental and condo markets recover this year could play a critical role in determining the impact of the tax.

Last month, a Zoning By-law Amendment application was submitted to city planners to construct a 14-storey condo building with 144 units at 25 Imperial Street.

For market observers, these are two key trends to watch in 2021 to understand if the market is headed for a gradual cooling or for what Realosophy’s John Pasalis describes as “irrational exuberance” that’s characteristic of a worsening bubble.

Registration is now open for future phases, which will include a new collection of stacked towns.

Pre-construction condo buyers with a million-dollar budget who want to enjoy a slice of history can scoop up one of the few remaining loft floorplans at a former bread factory in the city’s Leslieville neighbourhood.