...it's called 'The Corktown District'.
Parliament/Queen area has 15,000 new units booked and prices are rising with demand.
Corktown is an historic Old Town neighborhood in downtown Toronto, Ontario, Canada. It is just south of Regent Park and north of the Gardiner Expressway, between Berkeley Street to the west and the Don River to the east. The southern part of this area borders, but is not part of, the Distillery District and contains many vacated industrial buildings, some in use by production and movie studios. The West Don Lands, slated to be redeveloped over the next few years, will encompass the south-east corner of this area.
If you are one of those people always on the lookout for the next big thing, then as far as new condos go it will likely be that area of the city bound by Jarvis to Parliament Streets and from Queen Street south of the Esplanade, give or take a couple of blocks.
Once characterized by its proliferating used furniture and book stores, rooming houses and small pockets of light industry, there were also a handful of mews streets of wonderful turn-of-the-century row houses but not much else to recommend the area to home buyers.
But as more desirable areas such as downtown west started to fill with condos and rents started to rise for commercial enterprises, canny developers started moving east drawn by relatively inexpensive land prices and great public transit. >> full story
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