The Ritz-Carlton

Downtown Toronto's location gives residents strong access to transit and highways. Union Station, the city's main GO Transit and rail hub, sits a short distance south, connecting to regional GO lines and the TTC subway. The Gardiner Expressway runs along the waterfront nearby, linking to the Don Valley Parkway and Highway 427 for drivers heading in and out of the core.

Graywood Developments is a Toronto-based real estate development company with a long track record in the Greater Toronto Area, working across residential and mixed-use projects. For The Ritz-Carlton, Graywood partnered with Cadillac Fairview, a national commercial real estate company known for major office and retail properties. Together they delivered one of downtown Toronto's landmark branded residence and hotel projects.

Because The Ritz-Carlton is a completed and occupied building, purchases here are typically resales rather than new pre-construction sales. That means transactions follow the standard resale process: an offer, conditions such as financing and inspection where applicable, and a closing date agreed between buyer and seller.

For buyers new to condominium ownership in Ontario, it is worth requesting and reviewing the status certificate, which outlines the corporation's finances, reserve fund, rules, and any legal matters. This document, along with the declaration and bylaws, gives a clear picture of the building's obligations and monthly fees.

Note that Ontario's 10-day cooling-off period under the Condominium Act applies to new pre-construction condos purchased from a developer, not to resale transactions. For a completed building like this one, work with a licensed real estate agent and lawyer to confirm the terms that apply to your purchase.