As I said in the video, I probably have fifteen clients still living in Liberty Village, and I’m selling condos to both investors and end-users.
That doesn’t make me insincere, or hypocritical.
I’m just honest.
My investor-clients don’t care about congestion, since they’re not living in the unit.
And my end-users know that this is, and will be even more so in the future, one of the most congested areas in the downtown core. But Liberty Village still represents a price that is simply not attainable anywhere else downtown.
Real estate is all about trade-offers. I was telling a new buyer on the phone today, “Ultimately, you’ll have to decide if you give up the ‘den’ and/or the view and outdoor space for the desired location, or if you’ll live in an area that’s third on your list, but you’re able to gain the extra space and features.”
So when it comes to Liberty Village, buyers know that the construction is wrecking havoc with traffic – both pedestrian and auto, and the sheer amount of people down there isn’t going to decline any time soon.
For what it’s worth, Liberty Village is still one of my favourite areas for young buyers, not only because of the price, but because of the amenities, lifestyle, and demographic.
But where does Liberty Village go from here?
Six, I mean six condos? Being built all at the same time? How many more are on the way? On the east side of Strachan – how many more condos will be built there?
I mentioned in the video, “I don’t know how this happened,” and to elaborate, I meant I don’t know how the City of Toronto allowed not three, not five, but six condos to be built at the same time. Every morning, the ready-mix trucks are lined up and down the streets, meaning traffic is even worse than usual, and pedestrians have to be even more careful. We know that developers really run the City of Toronto, but surely that wet-noodle John Tory and his office-renovating-during-budget-cuts City Council could have put their heads together on this one?
Well, perhaps this rant is for naught.
I was going to show condos on Thursday night to an investor-client, but low-and-behold both condos I was to show, sold.
Liberty Village: congested as hell, but red-hot real estate nonetheless!
BC
at 10:29 pm
What happens with pricing when it reaches max density? No more supply, more demand?
Quite a but of space, liberty central launching this fall, big lot of hanna – but down the road, it will be all done – then what?
Has me wondering about other areas reaching capacity..and what capacity means
Jeremy
at 10:04 am
The intersection of Strachan and Easy Liberty is surprisingly efficient with both pedestrian traffic and cars. But it is a bit kooky to be building six condos at once, and there are more on the way.
daniel b
at 11:06 am
i find the accepted wisdom that Liberty Village is a traffic disaster very strange. Yes, traffic sucks at peak rush hour, like pretty much the rest of the GTA, and i’d say definitely less so than say, City Place, or anywhere right downtown. It’s downright apocalyptic during Indy.
I haven’t found it to be meaningfully worse since Garrison Point and the buildings. i work in LV so i see it 5 days a week.
And lastly, there is a specific group within the transportation department that coordinates activities between construction sites. Regular coordination meetings are usually held between all the builders to figure out logistics.
Joe Beach
at 7:38 pm
As soon as the infatuation wears off, the area is primed to become a slum. Once nobody wants to live there, prices will plummet and it will become an affordable housing area. Just what the city is looking for! Good luck! Zero planning in the city, and a lot of corruption for sure.