Friday, May 22, 2009

Toronto's Green Condos

Toronto is going green. I’m sure you’ve noticed a large majority of Grocery stores in Toronto are now encouraging shoppers to bring their own recyclable grocery bags. As well, Torontonians took part in the earth hour which demonstrates that they are becoming more aware of our environment. Did you ever think about living your every day life more green? Well now you can as Toronto has jumped on green band wagon with over over 2,000 green condos units.

You're probably wondering what exactly makes a condo building green. Well for example TAS DesignBuild, also Green Builder of the Year, is currently building a Green condo called the M5V, located on King at Blue Jays Way. They have included motion sensor light switches in the common areas of the condo, energy efficient appliances, dual flush toilets and a roof top rainwater retrieval system with on-site water recycling just to name a few. Living Green can also mean better indoor air quality as developers use low-emission products when installing hardwood, painting etc. Living green means residents can enjoy energy savings of up to 25% which results in lower utility bills, less strain on our energy supply and by reducing green house emissions. All these elements contribute to increasing resale property values. To encourage developers to build green, the Better Buildings Partnership- New Construction (BBP-NC) provides incentives and technical support. The goal of the BBP-NC is to encourage and assist condo developers to design and build condos in a more energy efficient manner and not to just meet the minimum standards as set out by the Ontario Building Code.

So next time you are in the market for a condo, why not be good to yourself and the environment and think Green.

If you are interested in buying or selling a Green Condo in Toronto, contact me.

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Contact me if you are interested in purchasing in the M5V Condos.

The M5V Condos on King

LOCATION: 375 King Street West ( east of spadina on King). Named after the first half of the postal code.

DESCRIPTION: Enjoy the contemporary art in the lobby of this innovative new condo building. 30 storey condo building with 220 units and 3 elevators.Cancel your gym membership! The M5V offers its residents a yoga / pilates/ dance studio and a gym with showers and a steam room.The roof top terrace features a hot tub for use 365 days a year and a BBQ cooking area for those hot summer nights.

FEATURES: 24 hour concierge, meeting room and business centre, spa and fitness centre with a yoga/ dance studio, dining room with kitchen, lounge and sitting area, games room, roof top hot tub and BBQ area, 2 guest suites.

OCCUPANCY: 2011