Aurora New Condos for Sale
Why Should You Invest In Aurora Real Estate?
This is one of Southern Ontario’s towns that have been able to establish a thriving urban centre yet continue its small-town charm. And small town it is but it has a lot of potential mainly because of the Government of Ontario’s Places to Grow Act. Aurora has a growing community of approximately 58,000 residents set to increase to a population of 70,000 by 2031.
Here, leafy established neighbourhoods with bungalows, larger homes and newly built condominiums share space with big box stores and employment lands as Aurora continues to attract businesses. Which is ideal for those who want to live near work.
Some of the town’s newer neighbourhood are a mix of townhomes, semis, single-detached and condominiums that are minutes from big city-like amenities like shops, restaurants and services. Aurora has housing to cater to people in all stages of life and will account for most of Aurora’s residential growth.
Average Condo Price for Aurora
The average resale price, in the Town of Aurora is presently around $1,053,672. The average resale appreciation rate for the past 10 years has been 8.0%.
The average pre-construction condo price is $720.00 per square foot, with an appreciation rate of 6.6% for the past ten years.
The average rental rate for the Town of Aurora is presently $2,500. This is in addition to a rental appreciation rate of 4.7% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 0.9%.
Town Of Aurora
Aurora made Canada’s “Top Places to Live” List mostly due to its abundance of things to do. No one in the family is left out and this is a sure plus for those who like to stay active. There is an abundance of green space across 46 parks encompassing 780 acres which include tennis courts, soccer fields, basketball courts and splash pads. The Nokiidaa Trail system follows the Holland River, winding through the neighbourhoods and connecting residents to ball diamonds, recreation facilities, parks, and playgrounds.
Other well-known trails are Lakeview, Wimpey and Willow Farm. In total, there are 57 km of trails maintained by the town so joggers, dog walkers, cyclists and cross country skiers have a great way to experience the city. Skating is a popular town pastime as the town offers year-round public options at the Stronach Aurora Recreation Complex. Four additional skating rinks are at the Aurora Family Leisure Complex, Ada Johnson Park, Confederation Park, Machell Park and Town Park.
Adults 55 years and older will find a plethora of opportunities to stay active and social by visiting Aurora’s Seniors’ Centre. This centre houses a billiards room, computer and reading room, outdoor bocce court, woodshop, and terrace overlooking the Aurora Arboretum.
Community building is a continued initiative here that has shown no signs of slowing down. The people-focused district developing here envisions a mixed-use, pedestrian friendly destination that includes speciality shops, dining, creative businesses and arts centred around Yonge and Wellington Streets. Currently, the Aurora Cultural Centre is the first step in creating this forthcoming district which houses the museum, art galleries, performance space and more.
Although this district continues to develop family-friendly spaces, this town has a long tradition of celebrating together. The many community events here have a history of bringing residents and visitors together. From the Arctic Adventure, Easter Egg Hunt, Home Show and
Street Festival which showcases 500 vendors and live music, There’s an exciting event for all tastes and interests. Additional events like the outdoor Farmer’s Market and Artisan Fair, Ribfest, and Magna Hoedown offer delicious eats and fresh locally farmed goods. Not to mention, the Haunted Forest during Halloween, The Santa Under the Stars Parade and Family First Night are popular ones with the kids. And Speaking of families with school-aged children, there are a number of schools in the region. Parents have their choice of public, Catholic and private schools to choose from.
The city has a strong economy as well. It has a diverse collection of industries that include auto parts, printing, manufacturing and retail. In addition to its own industries, the town is also close to some of Southern Ontario’s most thriving regional economies. It is less than a 30-minute drive to Richmond Hill and the City of Markham which is widely known to be one of the most important tech hubs in the area. Even the Financial District is within reach, being a 40-m
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Accessibility / Getting Around
Getting around Aurora or travelling to and from is effortless with easy highway access and reliable transit. Highway 404 connects commuters to the rest of the GTA and GO Transit has trains running to downtown Toronto. All of this contributes to Aurora’s impressive average household income of $106,708.
The town is also serviced by York Region Transit (YRT), including several local routes as well as its Viva Blue Bus Rapid Transit service. The Aurora GO Transit is a stop on the Barrie GO Transit Line. Trains depart approximately every 15-30 minutes southbound towards Toronto weekday morning peak times, northbound towards Barrie approximately every 30 minutes during the afternoon peak times.
Under the GO Transit Regional Express Rail plan, by 2024, service will be increased to run every 15 minutes during peak, midday, evenings, and weekends between Aurora and Toronto using electric trains rather than the current diesel trains along the full route between Barrie and Toronto.
This is the perfect community for people who want to live a secluded lifestyle full of community-oriented luxuries, yet connected to the urban core. There is about to be a slew of condominiums headed to the region, this could mean a great investment property for first-time and seasoned investors alike.
List of New Condos in Aurora
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Questions & Answers
Who are some of the biggest employers in Aurora?
This town has some of the most important employers in the region. The auto parts giant Magna International is based in Aurora and employs 168,000 people. Another big employer in this region is TC Transcontinental who has a printing plant for magazines. They employ more than 8,000 people.
Where can I shop?
Some of the greatest shopping centres are located in the Town of Aurora. The Aurora Shopping Centre on Yonge Street is home to a number of shops and restaurants to help you complete your list of errands. For more retail stores, residents of this town often head to the neighbouring community of Newmarket for their massive shopping centre, Upper Canada Mall. This indoor shopping complex is home to over 250 stores and services to cater to just about any budget.
What are the best neighbourhoods to invest in Aurora?
Aurora Heights has been known to welcome affordable living options, however it will not stay that way for long. Home prices appreciated 33 per cent from 2016 to 2017, so if you’re looking at Aurora, the time to invest is now.
Bayview Wellington is at the heart of Aurora. It is still a developing area, with many perks including Sheppard’s Bush, Magna Golf Club and Atkinson Park. Here is where families can enjoy a plethora of activities at the Aurora Community Arboretum and seniors have their very own social club called the Aurora Seniors Association. The houses are located on quiet streets which are close in proximity to shops, restaurants, schools and parks.