The ongoing COVID-19 pandemic has played an interesting role in Toronto’s real estate market, resulting in everything from record-high prices for single-family homes, to a notable surplus in condo supply. 

Through it all, construction continues on shiny new residential buildings that will change Toronto’s skyline, as well as on innovative master-planned communities that could redefine their surrounding neighbourhoods.   

Futuristic buildings like Pinnacle International’s 95-storey SkyTower, for example – which, upon completion, will become the tallest residential condominium tower ever built in Canada – will make international headlines. The record-breaking structure is part of an upcoming multi-tower waterfront development named Pinnacle One Yonge. It’s just one of many hot, up-and-coming condominiums in the making across the Greater Toronto Area (GTA).

And once these brand new buildings are completed, the consensus is that investors and home-seekers will be ready and eager for them.

Though COVID-19 has undoubtedly impacted the condo market for the time being, signs that condo living is already on its way back are aplenty right now. Indeed, rather than ending up the result of a fundamental shift in the homebuyer paradigm, post-COVID condo life may simply move in a slightly different direction – one that could include everything from in-suite design to demographics. 

After all, condos were born out of the need for urban centres to adapt to growing populations – there’s no reason they can’t adapt further to meet the newfound needs of a population rattled by a pandemic.