Vaughan New Condos for Sale
Why Should You Invest In Vaughan Real Estate?
Vaughan is creating a "true downtown", its been the city's vision since the speedy growth of the 80's and 90's, where the city has changed from a quiet series of communities into a thriving urban centre. Several new real estate residential condos are being constructed and sold along the Vaughan Metropolitan Centre core.
The Vaughan Metropolitan Centre is the metropolis's brand new downtown, which will be a colourful, modern-day urban centre for businesses and residents that encompasses all services of an urban lifestyle, all coexisting in creating a viable and sustainable community. Approximately 10,000 businesses, thousands of organizations and developers will converge and add to the real estate market and urban fabric of its streetscape, all focused on making a positive contribution to the well-being of such a great community.
It has become one of Canada’s fastest-growing urban metropolis. The city has been very fruitful in attracting new businesses and creating opportunities for existing trades to expand. Hence, the city is becoming an important urban centre in the GTA. Despite the newly built condominiums and office towers, it is still known for its family-oriented community and friendly atmosphere of a small town. By the fall of 2017, the Yonge/University & Toronto/York Spadina Subway Line will be extended and linked into the Vaughan area. Six new stations will be incorporated, the proposed stations will be provincially named, Downsview Park, Finch West, York University, Pioneer Village, Highway 407 Transitway and Vaughan Metropolitan Centre. A $2.6 billion dollar investment, will be injected into the construction of this project.
A 1.5 billion dollar investment is being bankrolled into developing and constructing the new Mackenzie Vaughan Hospital. It will be operated by Mackenzie Health and its expected completion date will be in 2020. This will create 1900 new jobs into the area. Another project under way is the Vaughan Centre YMCA/Library. This will be a nine storey building, featuring a ground-level childcare centre, gymnasium, a library and community performing arts space.
In the near future, Vaughan’s city core foresees a real estate boom, as there are new proposed master-planned high-rise development landmark communities being developed and implemented. Their vision is to create a street level retail, gateway, mixed-use, pedestrian-friendly boulevards, wider sidewalks, attractive landscaping, bicycle lanes, high density developments featuring multi-storey residential buildings, offices and businesses. The City’s vision is to design the designated area as an intense, dynamic community that in time, will become the heart of the city.
Average Price of Condos in Vaughan
The average price of a resale condominium apartment for Vaughan in 2017 was around $485,395 – up 21.36 per cent compared to 2016.
The average index selling price for a pre-construction condo apartment continues to grow, rising 16% to 18% from a year ago to $610 psf. The average selling price rose annually to $403,999.
The City of Vaughan:
The Fastest Flourishing Municipalities in Canada
The City of Vaughan is one of the fastest flourishing municipalities in Canada. Officially integrated as a city in 1991, Vaughan was the initial city in York Region. It is the fifth biggest city in the GTA and the 17th largest city in Canada.
The city is blessed with a vibrant and dynamic population that exemplifies the very best of global citizenship. With a population of more than 320,000 citizens and growing, they are commonly seen today to extend to areas far beyond their original sites. Vaughan includes the communities of Woodbridge, Concord, Thornhill, Maple and Kleinburg.
Vaughan is the only municipality in York Region that has City status. It is projected that by the year 2031, the number will increase to 416, 600. In recent years, Vaughan has experienced significant transformative changes. Their commitment to change is derived from the strength of their conviction that they can build an effectuate future. One where the economic, social and cultural essence of their community will garnish an inspiring and truly remarkable resurgence of civic satisfaction.
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Accessibility / Getting Around
The original transit provider in the city of Vaughan which dates back to 1973-2001 was Vaughan Transit, until it merged into YRT (York Region Transit). All regular routes cater to local neighbourhoods, communities and municipalities. They include Viva, TExpress, TTC, GO Shuttles, community buses and other services.
Viva is a bus rapid transit service operating in York Region. It runs along major thoroughfares much like an above-ground subway.Viva service is integrated with York Region Transit's local bus service to operate as one regional transit system providing consistent transit service across York Region, it connects Newmarket, Aurora, Richmond Hill, Markham and Vaughan. Linking with Toronto’s subway system and GO Transit. WIth such services, it makes commuting and traveling seemingly effortless and straightforward.
Due to the pattern of the street grid, most north/south bus routes in Vaughan are operated by the Toronto Transit Commission under contract to York Region. These buses all connect to a subway or RT station, helping to bridge the gap between Vaughan and Toronto.
Vaughan is a multicultural community where 45 percent of the population is comprised of immigrants, and 27 percent accounts of visible minorities. There are 99 distinctive languages that are articulated within it boundaries. It has a rich history, and strong local pride, where they are advancing to build a city one can all take gratification in.
It is becoming the new sought after locale to reside in, due to its close proximity to other communities. With plans of focusing on growth and building a world class city, major urban developments are being created. Several new condo projects are being constructed in the area, with the new subway route being built near the Vaughan Metropolitan Centre, located at Jane/Highway 7, it will provide access to neighbouring communities as well as the downtown core, making it ideal.
Many new proposed condos will offer all of the top-notch amenities and feature many different blueprints that will appeal to any consumer. As the city looks to the exciting future of their growing city, the passion and energy is evident everywhere. Why not make Vaughan your new address, aren’t you not inspired by all the excitement and fervor that is palpable. Don’t wait another minute, invest now, since the real estate market boom is hot!
List of New Condos in Vaughan
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Questions & Answers
What is the VMC?
The Vaughan Metropolitan Centre (VMC) is the City's new downtown. The vision of a new downtown - a vibrant, modern urban centre for residents and businesses that encompasses all amenities of urban lifestyle from inspiring multi-use office towers, residences, open green space and urban squares, pedestrian shopping areas and restaurants, to walking and cycling paths. All coexisting with some of the most technologically advanced sustainable buildings in the world.
The Vaughan Metropolitan Centre is the superb location for companies that embrace innovation, creativity and the future economy. Businesses will have direct access to young, talented and skilled workforce. With an 8.6 km subway extension line (six new subway stations) including a new regional transportation hub, businesses will have direct and seamless connections to Toronto through York University, and the Greater Toronto Area.
When will the VMC Subway station be ready by?
he VMC Subway station is under construction on the extension of the western branch of the Yonge-University-Spadina line of the TTC in Vaughan. It is located under Millway Avenue on the north side of Highway 7 West of Jane Street, and is one of two new stations that are outside the City of Toronto in York Region. The project was expected to be completed by the autumn of 2016 but it is now estimated that 31 December 2017 will be the earliest achievable date to deliver the project.
Should I invest in the City of Vaughan?
In short…Yes! There are 3 main reasons why Vaughan is a fantastic investment opportunity. First off, Vaughan’s New Downtown. The New VMC vision is vibrant, modern and full of urban living amenities. It will consist of Inspiring Offices, restaurants, cafes, hotels, shopping areas, Art and Cultural Facilities. Secondly, Vaughan’s Transit system. A 45 minute subway ride takes you down to Union Station. And last but not least, the New Vaughan Hospital. The Mackenzie Vaughan Hospital is expected to be in operation by 2019. It will offer core, specialty and regional hospital services. Let’s not forget to mention how close the Highways are, Vaughan Mills, Collosus Movie Theatre and Canada’s Wonderland.
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