Published 2 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Parade is Concord Adex’s two-tower project in CityPlace, at 15 Iceboat Terrace (Parade I) and 21 Iceboat Terrace (Parade II). Wikipedia lists the towers at 39 and 44 floors; the CTBUH Skyscraper Center counts 40 and 45, with lower mid-rise buildings alongside. Kohn Pedersen Fox was the design architect, with Page + Steele / IBI Group as architect of record, and the towers were completed in 2012–2013. A two-storey skybridge about 30 floors up links them over Canoe Landing Park. TRREB does not publish building prices; district C01 condo apartments sold at a median of $585,000 in August 2026, at 96 percent of list.
Parade at a glance
| Fact | What the public record says |
|---|---|
| Addresses | Parade I: 15 Iceboat Terrace (also 10 Capreol Court); Parade II: 21 Iceboat Terrace (also 151 Dan Leckie Way), per Wikipedia |
| Towers and floors | Two towers: 39 and 44 floors per Wikipedia; 40 and 45 floors per the CTBUH Skyscraper Center, which also lists two lower buildings of 24 and 20 floors in the complex |
| Heights | About 112 m and 127 m (Wikipedia); 116 m and 132 m (CTBUH) |
| Suites | Not quoted here; I could not confirm a total from a primary source |
| Developer | Concord Adex |
| Architects | Design architect Kohn Pedersen Fox Associates; architect of record Page + Steele / IBI Group Architects (CTBUH) |
| Completed | Construction began January 2008; Parade II completed November 2012 and Parade I in 2013 (Wikipedia); CTBUH lists 2013 for all four buildings |
| Skybridge | Two-storey bridge about 30 storeys up, 40 m long, linking the towers over Canoe Landing Park (blogTO) |
| TRREB district | C01, the downtown core, which TRREB’s tables use for the Waterfront Communities and CityPlace, the Bay Street Corridor, King West, Liberty Village and Niagara, among others |
| Condominium corporation number | Not quoted here; I could not confirm it from a primary public source. It is printed on the status certificate and the title documents. |
Sources: Wikipedia’s CityPlace article, the CTBUH Skyscraper Center and blogTO, linked below. Floor counts differ by one between sources, so I show both.
Where it sits and what is nearby
Parade sits in the middle of CityPlace, the neighbourhood Concord Adex built on former railway lands it bought from Canada Lands Company in 1997, according to Wikipedia. Its towers frame Canoe Landing Park, an eight-acre (3.24-hectare) park that Wikipedia notes was designed with Douglas Coupland. The skybridge between the two towers crosses right over it.
Families look closely at the schools. Jean Lumb Public School (Toronto District School Board) and Bishop Macdonell Catholic Elementary School (Toronto Catholic District School Board) share a building at 20 Brunel Court, which opened in September 2019, per Wikipedia. Confirm attendance boundaries for a specific address with the board. See the top schools in CityPlace and Fort York and the top parks in CityPlace and Fort York.
For transit, Wikipedia lists the 509 Harbourfront, 510 Spadina and 511 Bathurst streetcars serving CityPlace, and Union Station is reachable on foot or by streetcar. Next door to the west, Library District at 170 Fort York Boulevard is a single 29-storey tower beside the Fort York library, and on the water, WaterClub on Queens Quay West is an older three-tower complex.
What TRREB’s August 2026 numbers say for C01 (not this building)
| Condo apartments, August 2026 | TRREB C01 (downtown core) | Toronto Central | City of Toronto |
|---|---|---|---|
| Sales | 204 | 598 | 885 |
| Median price | $585,000 | $576,900 | $550,000 |
| Average price | $695,533 | $698,321 | $651,648 |
| New listings | 542 | 1,554 | 2,303 |
| Active listings | 1,102 | 3,294 | 4,938 |
| Months of inventory (calculated) | 5.4 | 5.5 | 5.6 |
| Sales to new listings (calculated) | 38% | 38% | 38% |
| Sale to list price | 96% | 96% | 96% |
| Avg. days on market | 41 | 39 | 39 |
Source: TRREB Market Watch, August 2026, condominium apartments, district and city level. The calculated rows are my arithmetic: active listings divided by sales, and sales divided by new listings. One month of data. None of this is data for this building. TRREB does not publish building-level figures, and I do not quote a price, fee or rent for any suite here.
How I read it: about 5.4 months of supply across C01 is a market where buyers have choice and time. Sellers are getting 96 percent of their list price on average, and a typical listing takes around six weeks. It rewards a suite that is priced against what is actually for sale today.
A Parade seller often competes with several near-identical suites at once, inside Parade and in the CityPlace towers around it. With 5.4 months of supply, buyers can wait for the best-priced one.
Two towers and a bridge: why it matters for comparables
Parade I and Parade II are different heights, and their suites face different parts of CityPlace, the park, the lake or the rail corridor and downtown. When I pull comparables, I separate them by tower first, then by exposure, layout and floor. A park-facing suite and a suite facing a neighbouring tower are not the same product, even with identical floor plans.
The skybridge holds residential suites on its upper levels, according to blogTO’s 2021 report, which makes them some of the most unusual suites in the city. They have almost no direct comparables and need to be valued on their own evidence, not from the tower averages.
Whether the Parade buildings form one condominium corporation or several is something I confirm from title and the status certificate, because it decides which budget, reserve fund and shared-facility agreements apply.
What moves a suite’s value in a building like this
- Tower, floor and view. Upper floors of the taller tower with an unobstructed lake or park view carry the premium. Suites facing straight into a neighbouring tower carry a discount.
- Size and layout. In CityPlace, compact one-bedrooms are common and two-bedroom or corner suites are scarcer.
- Parking and locker. Many CityPlace buyers do without a car, but a space still widens the pool. See how floor, view and parking change a condo’s value.
- Tenancy and the rent rules. Ontario’s rent increase guideline does not apply to units first occupied for residential purposes after 15 November 2018. Parade was completed in 2012–2013, so most suites here would generally fall under the guideline. Check the specific unit’s history with your lawyer or paralegal. A tenanted suite also sells to a narrower pool; see how much less a tenanted condo is worth.
- Fees. Lenders count half the condo fee when they calculate debt-service ratios, according to CMHC, so a high fee reduces what a buyer can borrow.
What to check in the status certificate and reserve fund study
The status certificate is the corporation’s own snapshot of its money and its legal position. Under section 76 of the Condominium Act, the corporation must deliver it within 10 days of a request and can charge up to $100, according to the Condominium Authority of Ontario. On a resale, the buyer’s lawyer should review it before the offer goes firm. When I list a suite, I order it before we go live.
Read these parts first:
- Reserve fund balance and the latest reserve fund study. The CAO notes that corporations must have their reserve fund studied at least every three years. Compare the balance with what the study says should be there, and read the planned contributions for the next few years.
- Common expense increases. Any known increase must be disclosed. See do high maintenance fees lower my condo value.
- Special assessments. Any assessment levied or planned is disclosed. If one is outstanding at closing, who pays it is a negotiation point; see does a special assessment lower my condo value.
- Legal actions and insurance. Litigation involving the corporation and the insurance deductible both belong on the checklist.
- Leasing and short-stay rules. Read the declaration and rules before you promise a tenant anything.
Specific to Parade: at more than a decade old, the corporation is into the period when larger items such as elevators, the building envelope and amenity spaces come up in the reserve fund study. Ask how the skybridge and any shared facilities are maintained and paid for, and whether any shared-facility agreement with neighbouring buildings affects the budget.
Selling or buying there: how to price a suite
Price a suite in Parade from its own stack first: the most recent sales of the same layout and exposure, a few floors up or down, adjusted for parking, locker, condition and date. TRREB’s district median is a check on the market’s mood, not a price.
Two things make this harder downtown. Large buildings often have several similar suites for sale at once, so your real competition is the active listings with your layout, often in your own building. And sometimes your layout simply has not sold in months. For that case I follow the method in how to price a condo when nothing in your building has sold: widen to the nearest comparable buildings, match age and size, and adjust.
CityPlace sellers also compete with new supply. Urbanation counted 4,295 completed but unsold new condos across the GTHA in the first quarter of 2026. If you are weighing a rental instead, the top condos to rent in CityPlace shows what tenants compare against.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Where I fit
I sell condos across Toronto and the whole GTA. If you own a suite in Parade or are thinking of buying one, run the estimator below for a first range. Then book a call or phone 833-330-1925, and I will walk you through the comparables for your exact layout.
Free tool — AI condo value estimator
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
Frequently asked questions
How many floors are the Parade condos in CityPlace?
Parade has two towers. Wikipedia lists Parade I at 15 Iceboat Terrace with 39 floors and Parade II at 21 Iceboat Terrace with 44 floors. The CTBUH Skyscraper Center counts 40 and 45 floors, plus two lower buildings of 24 and 20 floors in the complex. The difference is likely in how levels are counted.
Who developed Parade condos?
Concord Adex, the developer of most of CityPlace, built Parade. The CTBUH Skyscraper Center lists Kohn Pedersen Fox Associates as design architect and Page + Steele / IBI Group Architects as architect of record, with Halcrow Yolles as structural engineer.
What is the bridge between the two CityPlace towers?
It is the skybridge linking Parade and Parade II, about 30 storeys up over Canoe Landing Park. blogTO reported in 2021 that the 40-metre, two-storey bridge was hoisted into place in 2012 and that its upper levels hold residential suites.
Which schools are near Parade condos?
Jean Lumb Public School (TDSB) and Bishop Macdonell Catholic Elementary School (TCDSB) share a building at 20 Brunel Court in CityPlace, which opened in September 2019. Attendance depends on the exact address, so confirm boundaries with the school board before you rely on them.
What is a Parade condo worth in 2026?
TRREB does not publish building prices, and I do not quote one. District C01 recorded a median condo apartment price of $585,000 in August 2026. A Parade suite depends on its tower, floor, view, size, parking and condition; recent sales of the same layout in the same tower are the best evidence.
Sources
- Wikipedia — CityPlace, Toronto — Parade 1 and 2 addresses, floors, dates; Canoe Landing Park; schools; streetcars
- CTBUH Skyscraper Center — Concord CityPlace Parade Tower S — 21 Iceboat Terrace, 45 floors, Concord Adex, Kohn Pedersen Fox, Page + Steele / IBI Group
- CTBUH Skyscraper Center — Concord CityPlace Parade complex — four buildings of 45, 40, 24 and 20 floors, completed 2013
- blogTO — Skybridge between two CityPlace towers (January 2021) — bridge between Parade and Parade 2, about 30 storeys up
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
- Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
- Government of Ontario — Rent increase guideline — units first occupied after 15 November 2018 are exempt
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
- Urbanation — Standing condo inventory hits record high in Q1 — 4,295 completed, unsold new condos, Q1 2026
Related reading
- Library District, 170 Fort York Boulevard
- WaterClub, Queens Quay West
- Top 5 condos to rent in CityPlace
- Top 5 schools in CityPlace and Fort York
- How much is my condo worth in downtown Toronto?
- How floor, view and parking change a condo's value
- How to price a condo when nothing in your building has sold
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.