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New Condos for Sale in Etobicoke

(Buyer's Guide)
Located in the southwest of Toronto, this idyllic coastline suburb is a fast growing center for commerce and living. Etobicoke is one of Toronto’s five urban growth centers. It is the fastest growing of the five, and it encompasses about 0,7% of Toronto’s employment capacity. With an average growth rate of about 3.1% per year, Etobicoke is a center of interest for people looking for investment opportunities.
Neighbourhood Facts
Lifestyle & Employment
Investment Tips
Read Our Buyer’s Guide

About Etobicoke’s New Condos

Located in the southwest of Toronto, this idyllic coastline suburb is a fast growing center for commerce and living.

Etobicoke is one of Toronto’s five urban growth centers. It is the fastest growing of the five, and it encompasses about 0,7% of Toronto’s employment capacity. With an average growth rate of about 3.1% per year, Etobicoke is a center of interest for people looking for investment opportunities.

Most of the real estate options are detached or semi-detached single-family homes, with condominium and apartment buildings built near Humber River and the waterfront.

The City of Etobicoke

Etobicoke was used to describe the area spanning between Etobicoke Creek and Humber River and it was adopted as an official name in the late 1700s. The first road was built along the shore of Lake Ontario in 1791, and it is still there in the present day - Lake Shore Boulevard.

After World War II, the local economy skyrocketed along with its population, which grew from 19,000 in 1941 to 54,000 in 1951. By 1971 Etobicoke had a number of 283,000 residents. In 1983, the Borough of Etobicoke became the City of Etobicoke. In 1998, Etobicoke, North York, East York, York and Scarborough became a part of the City of Toronto.

Present day Etobicoke has a population of over 365,000, and is mostly known for its parks and lush landscape. It also boasts one of the world’s top golf clubs.

Etobicoke Condo Prices

The average price of sale for properties is between $982,000 and $1,164,000, with an annual change of 29% in 2021. This is a slightly higher price than what you would find in other municipalities in the GTA. 

Despite that, condo prices are still on the rise. With a 3 year growth rate of 33.51%, it is a good time to be a property seller in the GTA. In 2019, the average selling price for pre-constructed condos was around $405,000. The price per square foot was $647, with a yearly increase of 6,1%.

Renting costs have also seen a steady rise over the years, with an average rate of $2,300.

 

Average prices for condos in 2020 (pre-construction & older units)

Employment

About 70% of employment in Etobicoke is in the Office category, followed by 12% Services, 10% Institutional and 6% Retail, with only a small percentage, under 3% of jobs in Community, Entertainment, Manufacturing and warehousing. 

The unemployment rate is around the margin of 6.3% from a local population of around 365,000 residents, which is slightly higher than what you would find in other municipalities within the GTA.

 

Unemployment rates for GTA municipalities in 2020

Transportation

There are several major highways, such as 401, 27, 407, 427, the Queen Elisabeth Way and Gardiner Expressway passing through the area. Etobicoke is located at a mere 20 minute drive away from downtown Toronto and the major roads make it an easy commute by car.

Alternative commute routes are possible by bus or subway. Line 2 Bloor-Danforth run by the Toronto Transit Commission provides easy access and ends at Kipling. The light rail line that is currently under construction will connect the northern part of Etobicoke to Finch West station. Construction for the rail line is expected to be finished in 2023. 

Another option for transportation are the GO strations, with four available in the area. Commuters can head to Etobicoke North, Kipling station, Long Branch station or Mimico station.

Investing in New Pre-Construction Condos in Etobicoke

With local industry booming, the area has seen an increase in construction of new condominium towers, especially in places such as Bloor Street, as well as near Humber Bay. Condos are still on demand in the area, with a rent vacancy of 0,7%.

South Etobicoke is fast becoming a center of attention for young buyers. New condominiums, a vast selection of restaurants, cafes, and shopping areas have led to a rise in demand and popularity of the area around Parklawn Road and Lake Shore Boulevard West.

The beautiful waterfront and the wide, tree-lined boulevards offer plenty of opportunities for relaxation and have new owners flocking to buy. The area is perfect for young adults looking for a short commute or a quieter lifestyle.

The local real estate market is competitive and prices are slowly but surely going up. This is why it’s always good to invest early in condominium developments. The earlier you buy in, the more profit you can make. Plus, pre-construction developments are sold in different stages, each of them with different advantages and disadvantages.

 

Stage 1 - Exclusive Sales For Friends and Family (Up to 10% of Units Sold)

Most developers offer a limited number of exclusive deals for their friends and family members. During these sales, about 10% of the available units trade hands.

Stage 2 - Platinum VIP Agents Sales (Up to 40% of Units Sold)

The developers then invite Platinum agents like Condo Shopper to start selling the condos. Platinum agents earn their standing by either selling a lot of units or by nurturing long-lasting relationships with the developers.

This step of the pre-construction sales process offers huge discounts, amazing unit choices, rebates, incentives, and more.

Stage 3 - VIP Agents Sales (Up to 30% of Units Sold)

Later, the developer invites VIP agents to start selling the pre-construction condos. During this step of the process, the prices grow and the incentives decrease or disappear altogether.

Stage 4 - All Agents Sales (Up to 20% of Units Sold)

Then, the developer invites all agents to start selling the pre-construction condos. The prices go up, top units are already gone, and there are no incentives

Stage 5 - Pre-registrants Sales (Up to 10% of Units Sold)

During the second to last step in the sales process, the developer notifies the pre-registrants that the pre-construction condos are up for sale. Sometimes, it can take developers up to a year or more to invite the pre-registrants to buy, especially if the condos are located in great areas.

During this step, there are no incentives and the prices are high. So, while pre-registering with a developer and avoiding agents might seem like a good idea, the truth is that collaborating with a Premium VIP Agent like Condo Shopper can help you secure superior units at better prices.

Stage 6 - Grand Opening (Remaining Units Sold)

This is the last step in the selling process, when the developer presents the project to the general public. The best condos are usually sold by this point, so buyers have to pay more for less valuable units.
Condos

Condo Projects
in Etobicoke

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cielo
Cielo Condo in Toronto
300 Bloor Street West, Toronto, ON
Construction Status:
Pre-construction
Sales Status:
Pre-Launch
Project Status:
Coming Soon
etobicoke, toronto
Developer - 
CollecDev
Occupancy Starts - TBA
IQ3 Condos featured3
IQ3 Condos brochure
IQ3 Condos
45 Zorra St, Toronto, ON
Construction Status:
Sales Status:
Project Status:
etobicoke
Developer - 
The Remington Group
Occupancy Starts - Late 2023
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waters edge
Water's Edge at the Cove
2163 Lake Shore Boulevard West, Toronto, ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
etobicoke
Developer - 
The Conservatory Group
Occupancy Starts - Nov 2021
the queensview at backyard condos condoshopper.ca
Backyard Queensview Stacked Logo 768x882 ojmv3o0n91cuy6uxhzchubah9yhs7ttupywisod8tq
The Queensview at Backyard Condos
150 Berry Road, Toronto, ON
Construction Status:
Under Construction
Sales Status:
Sold Out
Project Status:
Active
etobicoke
Developer - 
VANDYK Group of Companies
Occupancy Starts - Nov 2021
empire-phoenix-condoshopper.ca
Empire PHOENIX Logo RGB 01
Empire Phoenix in South Etobicoke
251 Manitoba Street, Toronto, ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
etobicoke
Developer - 
Empire Communities
Occupancy Starts - Nov 2021
evermore west village condoshopper.ca
LOGO blue 1
Evermore West Village Condos in Etobicoke
10 Eva Rd, Toronto ON
Construction Status:
Under Construction
Sales Status:
Now Selling
Project Status:
Active
etobicoke
Developer - 
Tridel
Occupancy Starts - Winter/Spring 2022
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