Mid-rise buildings tend to attract more end-users because of their boutique scale. That is, they attract people who plan to move into the building once it is built, as opposed to buyers who plan to rent out their unit. We are certainly seeing this with purchasers at Junction House.
Because of their generally smaller scale and because they are often built in mature neighborhoods with few opportunities for new construction, supply of new mid-rise housing also tends to be limited. That bodes well for future price appreciation.
Here's a quote from Shaun Hildebrand (President of Urbanation), taken from the above Globe article. (Sorry, it's behind a paywall.)
Mid-rise buildings tend to attract more end-users because of their boutique scale. That is, they attract people who plan to move into the building once it is built, as opposed to buyers who plan to rent out their unit. We are certainly seeing this with purchasers at Junction House.
Because of their generally smaller scale and because they are often built in mature neighborhoods with few opportunities for new construction, supply of new mid-rise housing also tends to be limited. That bodes well for future price appreciation.
Here's a quote from Shaun Hildebrand (President of Urbanation), taken from the above Globe article. (Sorry, it's behind a paywall.)
“Price growth between the two building types [mid-rise and high-rise] began to converge in 2018, and in Q1-2019, buildings under 12 storeys saw average resale prices per square foot grow 10 per cent year-over-year, compared to 6.5 per cent for buildings of 12 or more storeys,” Mr. Hildebrand said. “We may be now entering back into a period of outperformance of mid-rise buildings as the market is shifting.”
Junction House won "Best Innovative Suite Design" at the
“Price growth between the two building types [mid-rise and high-rise] began to converge in 2018, and in Q1-2019, buildings under 12 storeys saw average resale prices per square foot grow 10 per cent year-over-year, compared to 6.5 per cent for buildings of 12 or more storeys,” Mr. Hildebrand said. “We may be now entering back into a period of outperformance of mid-rise buildings as the market is shifting.”
Junction House won "Best Innovative Suite Design" at the
39th BILD Awards
(2019) last night. A big congrats to the team. Below is the floor plan that won. It is a 2 bedroom suite from our two-storey
House Collection
(JH_2B_H1).
This design is fundamental to Junction House. It is why the project is called what it is. The goal was to create a suite that felt less like a condo, and more like a low-rise single-family home. Credit to Superkul Architects, and the rest of the team, for figuring it all out. There was a long list of requirements.
We wanted dedicated kitchen (+ island), dining, and living areas. (The living area is also wider than what you'd typically find.) We wanted a terrace with (standard) water and BBQ connections. We wanted the bedrooms upstairs for privacy/separation. We wanted both of them to have direct window exposure. And we wanted a master ensuite bathroom with a double vanity.
The House Collection includes some of my favorite suites in the building, which is why -- full disclosure -- I'm going to be moving into one of them. If you'd like more information about Junction House, reach out to Paul Johnston and his team at info@junctionhouse.ca or at 416-900-6076.
39th BILD Awards
(2019) last night. A big congrats to the team. Below is the floor plan that won. It is a 2 bedroom suite from our two-storey
House Collection
(JH_2B_H1).
This design is fundamental to Junction House. It is why the project is called what it is. The goal was to create a suite that felt less like a condo, and more like a low-rise single-family home. Credit to Superkul Architects, and the rest of the team, for figuring it all out. There was a long list of requirements.
We wanted dedicated kitchen (+ island), dining, and living areas. (The living area is also wider than what you'd typically find.) We wanted a terrace with (standard) water and BBQ connections. We wanted the bedrooms upstairs for privacy/separation. We wanted both of them to have direct window exposure. And we wanted a master ensuite bathroom with a double vanity.
The House Collection includes some of my favorite suites in the building, which is why -- full disclosure -- I'm going to be moving into one of them. If you'd like more information about Junction House, reach out to Paul Johnston and his team at info@junctionhouse.ca or at 416-900-6076.
