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Scarborough New Condos for Sale

Scarborough New Condos for Sale

Why Should You Invest In Scarborough Real Estate?

The current population currently sits at approximately 593,300. It is expected to increase by ten thousand new inhabitants within the next five years. Many of Scarborough’s residents are foreign born, and the majority of the city’s immigrants came to the neighbourhood in the last four decades, which has resulted in a population influx in the last half century.

At the onset of the 21st century, growth has emerged along the Highway 401 corridor at the north end of the Scarborough RT. The residential density around the Scarborough City Centre has increased due to several large multi-storey condominium projects that have been developed, and many are still being built at the present time. There are currently 10 brand new assignments available at the pre-construction stage of development.

The variety of home styles is a direct reflection of the many amenities and advantages in the area. From a master-planned community with top-notch amenities to a collection of townhomes and condo apartments which are surrounded by green space.

The city has a plan to turn Scarborough into an urban haven. There are already some 4,200 condominium units planned in all of Scarborough Centre, with applications for 2,300 more units on the horizon. It’s the inspiring possibilities that make all the residents so passionate about Scarborough. It’s got a strong shared vision, and it has the kind of “can do” spirit and commitment to excellence that make great things happen. Its an economically prosperous community of people, full of new condo buildings and businesses hungry to embrace new and emerging technologies and innovations.

The average household income in Scarborough is $57,642, compared to $60,862 for the province of Ontario. The per capita income in Scarborough was $19,460, compared to the provincial figure of $22,848.

Investing in Scarborough Real Estate Market
4,200 condominium units planned in all o

Average Price of Condos in Scarborough

The average price of a resale condominium apartment for Scarborough in 2017 was around $369,000 – up 25.13 percent compared to 2016.

The average index selling price for a pre-construction condo unit continues to grow, rising 5% to 7% from a year ago to $530 per square foot. The average selling price rose annually to $399,900.

City of Scarborough

Scarborough is a former municipality and community within the eastern part of the city of Toronto. It grew from a collection of small backwood villages to become a large city with a diverse cultural community. Scarborough was amalgamated into the city of Toronto in 1998 along with North York, Etobicoke, York and East York.

Its bordered on the north by Steeles Avenue East, on the south by Lake Ontario, on the east by the Rouge River and the City of Pickering and on the west by Victoria Park Avenue. Scarborough’s motto is: ‘Home Above The Bluffs’.

Scarborough has acquired several distinct monikers. The most beloved is Scarberia, a merger of Scarborough and Siberia, as a reference to its seemingly distant easterly location from Toronto’s downtown core. The nickname originated back in the 1960’s and has endured a source of contention ever since. Things are changing today as Scarborough is more connected to the rest of the GTA more than ever before.

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Accessibility / Getting Around

Scarborough residents, are served by a variety of transportation options, via highways, buses, trains, streetcars, subway and also the Scarborough LRT (Light-Rail Transit) or RT in which they boast to be Ontario’s only elevated rapid transit line.

Scarborough is at the eastern end of the Bloor/Danforth Line of the subway and RT system. Victoria Park, Warden and Kennedy are the three subway stations dedicated to serve the area. Kennedy Station is where Scarborough RT originates, it runs north and east toward Scarborough City Centre.

The GO Transit authority has two major commuter train lines running across Scarborough, and it operates seven GO train stations. The Lakeshore East line runs through the south end of the city, while the Stouffville line runs in a north-south direction in the centre of Scarborough. GO Transit also has a few bus stations and stops throughout its surrounding vicinity. Its east end has the Toronto Zoo, Pacific Mall, proximity to downtown Toronto, and plenty more to offer.

Getting around is incredibly accessible and easy. Many buses run 24-hours on the main streets, so regardless of what time you decide to head on home from a night in the city, you can do so contently and reliably.

Scarborough is dominated by two watersheds, Rouge River and the Highland Creek. It also includes one of Toronto's popular natural landmarks, The Scarborough Bluffs. This is why it is known to be greener than any other part of Toronto. It gives Scarborough natives the feeling of being somewhere outside of the city by escaping its commotion and chaos.

With these ingredients, it creates a one-of-a-kind place where one can easily set up as their place of residence. So what are you waiting for? Scarborough is the place to invest now, don’t miss out.

Scarborough Transportation
Highland Creek in Scarborough

List of New Condos in Scarborough

East 3220 Condos

Development by: Quadcam Development Group Incorporated
3220 Sheppard Avenue East, Scarborough, ON M1T
Condo Prices From The Mid $300,000’s CAD
Move in 2021

New Modern development Birch Cliff community

Development by: Lifestyle Custom Homes
2201 Kingston Rd, Scarborough, ON M1N 1T7
Condo Prices From TBA CAD
Move in TBA

7437 Kingston Road Townhomes

Development by: Crown Communities
7437 Kingston Rd , Scarborough, ON M1B 5S3
Condo Prices TBA CAD
Move in TBA

300 Danforth Rd Condos

Development by: Ranka Group of Companies
300 Danforth Rd, Scarborough, ON
Condo Prices TBA CAD
Move in TBA

2787 Eglinton Ave East Townhomes

Development by: Mattamy Homes
2787 Eglinton Ave E, Scarborough, ON M1J 2E1
Townhome Prices TBA CAD
Move in TBA

2992 Sheppard Ave East Condos

Development by: Ambria Homes
2992 Sheppard Ave E, Scarborough, ON M1T
Condo Prices TBA CAD
Move in TBA

Birchcliff Urban Towns

Development by: Core Development Group
1665 Kingston Rd, Scarborough, ON M1N 1S6
Townhome Prices From The Mid $500,000’s CAD
Move in 2020

2655 Lawrence Avenue East Condos

Development by: TBA
2655 Lawrence Ave E, Scarborough, ON M1P 2S3
Condo Prices TBA CAD
Move in TBA

4206 Kingston Road Condos

Development by: Forme Development Group
4206 Kingston Rd, Scarborough , ON M1E 2M6
Condo Prices TBA CAD
Move in TBA

Matrix Condos

Development by: The Conservatory Group
Ellesmere Rd & McCowan Rd, Scarborough , ON
Condo Prices TBA CAD
Move in TBA

The Manderley Condos

Development by: Core Development Group
Manderley Dr & Kingston Rd, Scarborough, ON
Condo Prices TBA CAD
Move in TBA

3268 Finch Ave East Condos

Development by: TBA
3268 Finch Ave E, Scarborough, ON M1W 3P7
Condo Prices TBA CAD
Move in TBA

2180 Lawrence Avenue East Condos

Development by: Lalu Canada
2180 Lawrence Ave E, Scarborough , ON M1P
Condo Prices TBA CAD
Move in TBA

23 Glen Watford Drive Condos

Development by: Shiu Pong Group of Companies
23 Glen Watford Dr, Scarborough , ON M1S 2B7
Condo Prices TBA CAD
Move in TBA

1376 Kingston Road Condos

Development by: Atria Development Corporation
1376 Kingston Rd, Scarborough , ON M1N 1R2
Condo Prices TBA CAD
Move in TBA

675 Progress Avenue Condos

Development by: TBA
675 Progress Ave, Scarborough , ON M1H 2X1
Condo Prices TBA CAD
Move in TBA

Daniels FirstHome™ Markham Sheppard

Development by: The Daniels Corporation and Diamondcorp
5131 Sheppard Ave E, Scarborough, ON M1B 2W1
Condo Prices From The High $200,000’s CAD
Move in TBA

120 Grangeway Ave Condos

Development by: The Goldman Group
120 Grangeway Ave, Scarborough, ON M1H 3E9
Condo Prices From The High $400,000’s CAD
Move in TBA

The Highland Condos

Development by: Mutual Developments
4569 Kingston Rd, Scarborough, ON M1E 2P3
Condo Prices TBA CAD
Move in 2021

The VIC Towns

Development by: Solotex
1682 Victoria Park Avenue, Scarborough, ON M1R 1P8
Prices From The High $400,000’s CAD
Move in 2021

1 Eglinton Square Condos

Development by: Kingsett Capital
1 Eglinton Square, Scarborough, ON M1L 2K1
Condo Prices TBA CAD
Move in 2021

Tricycle Condos

Development by: Lash Group of Companies
1151 Markham Road, Scarborough, ON M1H 2Y5
Condo Prices From The High $300,000’s CAD
Move in 2022

The Bluffs Condos

Development by: Skale Developments
2815 Kingston Road, Scarborough, ON M1M 3X9
Condo Prices From The Mid $200.000’s CAD
Move in 2019

Danforth Square Condos

Development by: Forme Development Group
250 Danforth Rd, Scarborough, ON M1L 0G2
Condo Prices From TBA CAD
Move in TBA

1380 Midland Avenue Condos

Development by: TBA
1380 Midland Avenue, Scarborough, ON
Condo Prices From TBA  CAD
Move in 2021

Brimley & Progress Condos

Development by: Atria Development Corporation
1600 Brimley Rd, Scarborough, ON M1P 3H1
Condo Prices From TBA CAD
Move in 2021

New Condo Development at 3260 Sheppard Ave E, Scarborough, ON M1T 3K1

Development by: Pinnacle International
3260 Sheppard Ave E, Scarborough, ON M1T 3K1
Condo Prices From The High $300,000’s CAD
Move in 2021

253 Markham Road Condos

Development by: Build Toronto
253 Markham Road, Scarborough, ON M1J 3G1
Condo Prices From TBA CAD
Move in 2021

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Questions & Answers


What are the advantages of purchasing a condo?


A few advantages are:
• Affordability - Condominiums provide a more affordable entry into the housing market, both from a purchase price and monthly expense standpoint.
• Amenities - Many condos offer a myriad of amenities including a swimming pool, a gym, a sauna, tennis courts, terraces for barbecues, and more.
• Security - Living in a condo tends to provide extra security. To start, most condos have locked front entrances, and only then can the person gain access to your private entrance. Most condos also provide 24 hour security guards and security camera systems.
One of the great advantages to owning a condominium is that in most cases, it is owner-occupied and owner run.  Owners ensure their investment is maintained and regard improvements as an investment which increases the value of their individual unit.


Will my condo be ready on time?


It’s a common belief that if you buy a condo during the planning and development stages, you’ll grow old before you even step through the front door of your condo suite. While this can be true, it’s not the norm, especially if you do your research to ensure you’re buying from a reputable builder with a solid track record. Delays can be caused by inconveniences that are beyond the builder’s control (such as labour strikes or poor weather conditions), but top-rated condo builders will always make it their mission to stick to the development timeline as closely as possible. Be sure to check the builder’s history on Tarion’s builder directory before signing on the dotted line for your new condo.


How are tax rates calculated?


Annually, the City and Region each establish a budget to provide for municipal services and infrastructure. Taxes represent approximately 50 to 60 per cent of the City's and Region's budget needs. A tax rate is calculated in accordance with Provincial legislation which meets the funding requirements identified in the budget. The Province sets the education tax rate for all properties. The residential education tax rate is the same province-wide. After a reassessment, tax rates are adjusted to ensure that the City, Region and Province do not receive a windfall gain or loss as a result of the increase or decrease in assessment. Legislation requires that City and Region tax rates are calculated on a city-wide basis. We are not able to have different residential rates for each ward nor for individual properties. We are also not able to adjust tax rates for municipal or education services that an individual property or taxpayer does not use.

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