The Best Condo and Home Builders in Toronto

Hyder Owainati
by Hyder Owainati February 19, 2017 / No Comments

The idea of buying a new condo is something that has surely crossed the mind of anyone who’s struggled with old faulty AC systems or having to travel up and down elevators just to access the laundry in outdated high-rises.

From newer appliances to the ability to choose your finishes and flexible deposit structures, buying new has its obvious perks. That being said, the logistics of going the pre-construction route aren’t always straightforward. Just ask anyone who’s struggled with understanding how the HST rebate works.

Among the most important decisions, and biggest hurdles, when buying pre-construction is deciding which real estate developer to purchase from. So to make things a little easier, TheRedPin gathered a shortlist of its top condo developers and home builders in the Greater Toronto Area (GTA).

Tridel

Founded: 1927 to 1930s
Houses and condo units Completed: 80,000
Recent notable awards:

  • Home Builder of the Year 2016 (mid-rise/high-rise) by Building Industry and Land Development Association (BILD)
  • Green Builder of the Year 2016 by BILD

Tridel’s status as one of the most trusted and respected names in Toronto pre-construction real estate doesn’t only stem from the company’s decades of experience and impressively large portfolio of residences. It’s also the organization’s ability to look forward that’s propelled Tridel high up on most new condo buyers’ list of top builders.

Among the first developers to break ground on a condo in the GTA, Tridel built its first high-rise back in 1968—when most of the metropolis’s landscape was still largely geared to single-family homes.

Seven-time winner of Green Builder of the Year award by BILD, Tridel also puts environmental friendly construction practices at the core of its business. The company proudly claims its towers consume around “33% less electricity, 59% less natural gas and 40% less potable water” than conventional modern buildings.

Tridel’s high-rises, which can be found across the GTA, usually come complete with top notch amenities and finishes, and tend to feature glass-and-steel designs that are more by the books. That being said, Ten York, its latest addition to the city’s downtown skyline, features a cutting edge wedged shaped design and will stand at a towering 65 storeys.

The Daniels Corporation

Founded: 1980s
Houses and condo units completed: 26,000
Recent notable awards:

  • Ontario High Rise Builder of the Year 2016 by the Tarion Warranty Corporation
  • Community Impact Award by the Business for the Arts Awards

Daniels’ forte has quickly become developing sprawling master-planned, mixed-use condo communities.

From the 23-acre Daniels Waterfront City of the Arts to the $1.75 billion transformation of Regent Park and Daniels Erin Mills in Mississauga, many of the developer’s upcoming projects are planned down to the last detail and will feature a plethora of entertainment, retail, and educational amenities.

In addition to its towering condo communities, Daniels has also received recognition for its FirstHome program. An initiative aimed at helping first-time homebuyers struggling to save up enough for a down payment, FirstHome allows buyers in select family-geared developments to purchase with only 5% down.

Streetcar Developments

Founded: 2002
Number of possessions since 2006: 1,476
Recent notable awards:

  • The Toronto Urban Awards

For buyers who gravitate toward Toronto’s more hip east-and-west-ends (think Queen West or Leslieville) and prefer intimate mid-rise condos over towering high rises in the bustling downtown—Streetcar is the ideal developer.

Highly conscious of building neighbourhood-sensitive residences that fuse with their surroundings, rather than overwhelm and encroach on an area’s character, Streetcar has garnered particular acclaim for its relaunch of the iconic Broadview Hotel.

Riverside Square, its new mixed-use community coming to shape in the east side neighbourhood of Riverdale, will stretch 4.5 acres and features stunning designs from the architecture firm RAW Design.

Great Gulf

Founded: 1975
Houses and condo units completed: 40,000
Recent notable awards:

  • Home Builder of the Year 2016 (low-rise) by BILD
  • Project of the Year Low-Rise Prestige Awards by the Ontario Home Builders Association (OHBA)

Great Gulf is responsible for arguably some of the most eye-catching condominiums rising in the city: One Bloor, a behemoth 75-storey luxury tower located at the corner of Yonge and Bloor, as well the 51-storey condo 8 Cumberland.

High-rises aside, however, Great Gulf boasts an impressive portfolio of single-family housing communities everywhere from Brampton to Whitby and East Gwillimbury. A tech-savvy real estate developer, Great Gulf has adopted a building methodology called H+ME (pronounced home) technology for many of its houses, which includes using advanced 3D computer-aided design (CAD) technology that results in better build quality.

A big advocate of environmentally friendly building practices, Great gulf is a founding member of the Active House Alliance—a non-profit dedicated to creating clean, healthy and eco-friendly homes.

CentreCourt Developments

Founded: 2010
Condo units completed: 2,500
Recent notable awards:

  • People’s Choice Award for INDX Condos by BILD
  • Most Outstanding high or mid-rise condo suite kitchen by Ontario Home Builders Association (OHBA)

In a short amount of time, CentreCourt has managed to break through and climb the ranks as one of the top high-rise real estate developers in Toronto. A testament to how hot commodities CentreCourt’s projects are, its INDX Condos project was the fastest selling condo of 2012. And nearly all of the company’s projects sell out long before construction begins and shovels hit the ground.

With units boasting top-notch finishes, features, and amenities, and with ideal downtown locations, CentreCourt has struck a chord with both end-users and investors alike.

In its latest move to grow the company, the developer has looked beyond Toronto’s downtown core to the suburbs with the SmartCentres Place condos north of the city in Vaughan.

For a longer and deeper look into TheRedPin’s complete list of top condo developers in the city, click here.

Want a better mortgage rate?

Compare the best mortgage rates available

Also read: