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Scarborough New Condos for Sale

Why Should You Invest In Scarborough Real Estate?

The city’s plans to turn Scarborough into an urban haven has caught the attention of the entire real estate market, and no plan is more ambitious than the transformation of Scarborough Centre into a fully walkable downtown core through transit-oriented intensive development, something that may have far-reaching ramifications.

There are already some 4,200 condominium units planned in all of Scarborough Centre, with applications for 2,300 more units on the horizon. And yet, this proposed 36 tower master-planned community has the potential to alter the local skyline, if not its economy and population. That’s because this massive redevelopment plan would double Scarborough Centre’s population of 14,150 and substantially increase the 15,800 jobs that are currently located there.

As significant a development as these incredible numbers suggest, the Scarborough Centre redevelopment also wants to lead the charge of turning suburban, car-centred communities into a lively, urban, mixed-use destinations as defined by access to transit and compact development.

And yet, regardless of these amazing plans, Scarborough remains a vibrant community for which growth is a steady constant. Currently sitting at approximately 593,300, this former borough 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.

And, as all its new arrivals discover, Scarborough’s invigoration is catching on. It’s the inspiring possibilities that make local residents so passionate about their home. 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.

 

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

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 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.

Average Condo Price for Scarborough in 2019

The average selling price of pre-construction condos in the City of Scarborough for 2019 is $313,900. New listings, for the year thus far, has maintained a price per square foot of $523, while prices continue to grow to 5.9% year-over-year.

The average rental rate for the City of Scarborough is presently $2,100. This is in addition to a rental appreciation rate of 3.7% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 0.7%.

The average resale price for all home types in the City of Scarborough is presently around $779,926. The average resale appreciation rate for the past 10 years has been 7.9%.

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

Tricycle Condos
Now Selling

Tricycle Condos

Development by: Lash Group of Companies
1151 Markham Road, Scarborough, ON M1H 2Y5
Condo Prices From The Low $400,000’s CAD
Move in 2022

2992 Sheppard Ave East Condos
Coming Soon

2992 Sheppard Ave E

Development by: Ambria Homes
2992 Sheppard Ave E, Scarborough, ON M1T 3J6
Condo Prices TBA CAD
Move in TBA

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

Development by: Pinnacle International
3260 Sheppard Ave E, Scarborough, ON M1T 3K1
Condo Prices From The Mid $400,000’s CAD
Move in 2021

165 Tapscott Road Towns
Coming Soon

165 Tapscott Rd

Development by: Insoho Developments
165 Tapscott Rd, Scarborough, ON M1B 3G7
Townhome Prices TBA CAD
Move in TBA

120 Grangeway Ave Condos
Coming Soon

120 Grangeway Ave

Development by: The Goldman Group
120 Grangeway Ave, Scarborough, ON M1H 3E9
Condo Prices TBA CAD
Move in TBA

Terrasse At The Hunt Club
Now Selling

Terrasse At The Hunt Club

Development by: Sunrise Gate Homes
1316 Kingston Rd, Scarborough, ON M1N 1P6
Condo Prices From The Low $500,000’s CAD
Move in 2021

Matrix Condos
Coming Soon

Matrix Condos

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

2746 Kingston Road Condos
Coming Soon

2746 Kingston Rd

Development by: TBA
2746 Kingston Rd, Scarborough, ON M1M 1M7
Condo Prices TBA CAD
Move in TBA

1 Eglinton Square Condos
Coming Soon

1 Eglinton Square

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

7437 Kingston Road Townhomes
Coming Soon

7437 Kingston Rd

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

Merge Condos
Now Selling

Merge Condos

Development by: LCH Developments / Lifestyle Custom Homes
2201 Kingston Rd, Scarborough, ON M1N 1T7
Condo Prices From The High $300,000’s CAD
Move in 2022

3445 Sheppard Avenue East Condos
Coming Soon

3445 Sheppard Ave E

Development by: TBA
3445 Sheppard Ave E, Scarborough, ON M1T 3K5
Condo Prices TBA CAD
Move in TBA

The Highland Condos
Coming Soon

The Highland Condos

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

2872 Kingston Road Condos
Coming Soon

2872 Kingston Rd

Development by: TBA
2872 – 2880 Kingston Rd, Scarborough, ON M1M 1N4
Condo Prices TBA CAD
Move in TBA

Brimley & Progress Condos
Coming Soon

Brimley & Progress

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

4631 Steeles Avenue East Condos
Coming Soon

4631 Steeles Ave E

Development by: TBA
4631 Steeles Ave E, Scarborough, ON M1V 4S5
Condo Prices TBA CAD
Move in TBA

300 Danforth Rd Condos
Coming Soon

300 Danforth Rd

Development by: Ranka Group of Companies
300 Danforth Rd, Scarborough, ON M1L 3X3
Condo Prices TBA CAD
Move in TBA

Nahid On Kennedy
Coming Soon

Nahid On Kennedy

Development by: Options Development
615 Kennedy Rd, Scarborough, ON M1K 2B2
Condo Prices TBA CAD
Move in TBA

1380 Midland Avenue Condos
Coming Soon

1380 Midland Avenue

Development by: TBA
1380 Midland Avenue, Scarborough, ON M1P 4W5
Condo Prices From TBA  CAD
Move in 2021

2993 Sheppard Ave East Condos
Coming Soon

2993 Sheppard Ave E

Development by: Laurier Homes
2993 Sheppard Ave E, Scarborough, ON M1T 1E5
Condo Prices TBA CAD
Move in TBA

675 Progress Avenue Condos
Coming Soon

675 Progress Ave

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

Towns at Rouge Valley
Now Selling

Towns At Rouge Valley

Development by: Tribute Communities
8833 Sheppard Ave E, Scarborough, ON M1B 5R7
Townhome Prices From The Low $500,000’s CAD
Move in 2019

Danforth Square Condos
Coming Soon

Danforth Square

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

1376 Kingston Road Condos
Coming Soon

1376 Kingston Road

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

NEXXT Condos
Coming Soon

NEXXT Condos

Development by: ADGA Developments Inc.
1560 Brimley Rd, Scarborough, ON M1P 5B4
Condo Prices TBA CAD
Move in TBA

The VIC Towns
Now Selling

The VIC Towns

Development by: Solotex
1682 Victoria Park Avenue, Scarborough, ON M1R 1P8
Townhome Prices From The Low $700,000’s CAD
Move in 2021

23 Glen Watford Drive Condos
Coming Soon

23 Glen Watford Drive

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

Daniels FirstHome™ Markham Sheppard
Now Selling

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

KSquare Condos
Now Selling

KSquare Condos

Development by: KINGDOM
2035 Kennedy Rd, Scarborough, ON M1T 3G2
Condo Prices From The Low $300,000’s CAD
Move in 2022

2655 Lawrence Avenue East Condos
Coming Soon

2655 Lawerence Ave E

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

The Borough Condos
Coming Soon

The Borough Condos

Development by: G Group Development
2180 Lawrence Ave E, Scarborough , ON M1P
Condo Prices From The Mid $200,000’s CAD
Move in 2023

3268 Finch Ave East Condos
Coming Soon

3268 Finch Ave E

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

2075 Kennedy Road Condos
Coming Soon

2075 Kennedy Rd

Development by: KingSett Capital
2075 Kennedy Rd, Scarborough, ON M1T 3V3
Condo Prices TBA CAD
Move in TBA

East 3220 Condos
Now Selling

East 3220 Condos

Development by: Quadcam Development Group Incorporated
3220 Sheppard Avenue East, Scarborough, ON M1T 3K1
Condo Prices From The Low $400,000’s CAD
Move in 2021

4206 Kingston Road Condos
Coming Soon

4206 Kingston Road

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

The Manderley Condos
Coming Soon

The Manderley Condos

Development by: Core Development Group
1478 Kingston Rd, Scarborough, ON M1N 1R6
Condo Prices TBA CAD
Move in TBA

Clonmore Urban Towns
Now Selling

Clonmore Urban Towns

Development by: Core Development Group
168 Clonmore Dr, Scarborough, ON M1N 1Y1
Townhome Prices From The Mid $700,000’s CAD
Move in 2021

The Bluffs Condos
Now Selling

The Bluffs Condos

Development by: Skale Developments
2815 Kingston Road, Scarborough, ON M1M 3X9
Condo Prices From The Mid $500,000’s CAD
Move in 2019

2787 Eglinton Ave East Townhomes
Coming Soon

2787 Eglinton Ave E Townhomes

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

253 Markham Road Condos
Coming Soon

253 Markham Road

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

20 Cowdray Court Condos
Coming Soon

20 Cowdray Court

Development by: Gemterra Developments Corporation
20 Cowdray Court, Scarborough, ON M1S 1A1
Condo Prices TBA CAD
Move in TBA

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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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