Design Trends in Toronto's Luxury Condos - What to Expect in the Coming Years?

If you're looking to purchase a condo in Toronto, there are several design trends that you'll want to keep an eye out for. With so many new condominiums being built, there are plenty of opportunities for buyers to find the perfect place. Whether you're interested in a penthouse, mid-rise, or a smaller floor plan, there are plenty of options for you.

One of the biggest design trends in the luxury condominium space is the use of sustainable materials. Developers are incorporating a wide range of eco-friendly elements in their new buildings. For example, 98 Front Street in Dumbo, Brooklyn is a LEED-certified building. 

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Another trend is the use of understated finishes. Rather than dazzling fixtures and bright colors, these condos have been decorated with clean lines, simple palettes, and natural light. Interiors feature elegant chandeliers, mirrors, and curtains.

Another design trend is the use of fall colors in the interior. Many designers are using red, orange, and gold as a way to introduce autumn into the condo interior. This trend is expected to continue through the winter and into the spring.

There are also a number of other interior design trends that you can expect to see in the next few years. For example, a new condo development in Leaside will feature a dual-tone brick facade that accentuates the building's architectural appeal. The interiors will feature sculptures and mirrors, as well as lavish chandeliers.

A number of new penthouses in Toronto are on the market, and they're drawing inspiration from the likes of Habitat 67 in Montreal. These new designs are expected to reach completion by the middle of 2023, though prices have not been revealed. They will feature panoramic views of the city, and will include cubist forms and sustainable design.

Another popular design element is the use of balconies. Balconies will help to maximize the sun's exposure and wind protection. You'll also find the usual array of outdoor features, such as barbecue outlets and water bibs. And, of course, there's the golf simulator.

Another important trend is the use of mid-rise buildings. Mid-rises allow for more amenities and are more resilient in multi-unit residential settings. However, there are some residents who believe these new developments will depress values in smaller floor plans. Still, the new condominium sector will be a hotbed of activity as investors scramble to grab these properties.

Despite the changes in the housing market, the Toronto real estate market has shown strong strength in the last two years. In fact, apartment sales in the city were just below an all-time high in 2017. Moreover, there has been an overall increase in the price of Toronto homes and condos. Since the end of last year, prices have risen by over 22 percent.

Some of the most prestigious luxury condominiums are being designed by world-renowned architects such as Bjarke Ingels, Frank Gehry, and Moshe Safdie. As more and more Canadians become eco-conscious and work from home, more developers are choosing to build structures that use sustainable materials.