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New Condos Ontario

Nearby Cities with New Condos

Pre-Construction Condos Ontario

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The Capitol Residences Last Updated 3 weeks ago

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1075 Bay Street Condos Last Updated 8 months ago

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Gallery Towers Last Updated 4 months ago

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263 Adelaide Condos Last Updated 8 months ago

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Station No. 3 Condos Last Updated 4 months ago

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33 Sherbourne Condos Last Updated 8 months ago

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95 St Joseph Street Condos Last Updated 8 months ago

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2079 Lakeshore Road Condos Last Updated 8 months ago

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Elle Condos Last Updated 8 months ago

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90 Queen Street East Condos Last Updated 8 months ago

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Reasons to Invest in Ontario

Economic Prosperity

Ontario’s robust economy, boasting a $887.7 billion GDP in 2024, underpins a thriving housing market. The province’s steady job growth and a consistent 1.8% annual increase over the past five years are driving increased demand for homes.

Unparalleled Connectivity

Ontario offers diverse transportation options to suit every traveller. GO Transit provides convenient rail and bus connections throughout the region, while budget-friendly bus services link cities across the province. The extensive highway network facilitates road trips for those exploring Ontario’s vast landscapes.

High Quality of Life

Ontario offers an exceptional quality of life, blending vibrant culture, affordable living, and diverse housing options. From bustling city centres to serene natural retreats, the province caters to every lifestyle. With a strong emphasis on safety and a low crime rate, Ontario is an ideal place to call home for individuals and families alike.

Ontario Rental and Seller Market 2024

Rental Marketย 

Ontario’s rental market remains fiercely competitive with a record-low vacancy rate of 1.4% in 2024. Despite a slight decrease in average monthly rents for one-bedroom units to $2,452, robust rental demand continues to make the market attractive for investors.

Seller Marketย 

Detached homes in Ontario offer excellent options for growing families, with average prices ranging from $686,535 in Ottawa to $1,162,167 in the Greater Toronto Area (GTA). New condos in Ontario offer a more accessible entry point to the housing market, with average prices in the GTA hovering around $718,698.

Average Renting and Selling Time in Ontario

-New Condosย 

Renting Time for Condos: New Ontario condos remain highly sought-after, with many units renting out swiftly โ€“ often within weeks, if not days.

Selling Time for Condos: New condos in Ontario are selling rapidly, with many units finding buyers within 22 days of hitting the market in the second quarter of 2024.

-New Homesย 

-Renting Time for Homes: Detached homes in Ontario remain highly sought-after rental properties. Similar to the previous year, most listings are quickly leased within two to four weeks.

-Selling Time for Homes: Detached homes in Ontario sold more rapidly in the second quarter of 2024, with an average of 12 days on the market (in Toronto).

Cities & Neighbourhoods

Toronto

Toronto, Canada’s dynamic metropolis, is a vibrant hub of culture, finance, and innovation. A global hub of innovation, the city offers a vibrant lifestyle with world-class amenities. From bustling entertainment districts to peaceful residential neighbourhoods, Toronto’s diverse communities welcome residents and visitors alike.

1. Danforth

  • Highlights: This bustling area offers a diverse culinary scene, excellent schools, and ample green spaces like Withrow Park. Its convenient location, served by the TTC, ensures easy access to downtown Toronto and other parts of the city.
  • Perfect for: New pre-construction townhouses in Ontario, in this area, are practical options for families, professionals, foodies, and those seeking a sense of community.

2. Avondale

  • Highlights: Nestled at the intersection of Yonge and Sheppard, with towering new builds in Ontario complementing the charming bungalows. The neighbourhood’s prime location, with easy access to the 401, subway lines, and bike lanes, makes it an ideal choice for commuters.
  • Perfect for: Young professionals, families, and downsizers desiring convenient amenities and transportation options.

3. Annex

  • Highlights: Renowned for its youthful energy, artistic flair, and rich history. With a lively atmosphere, the Annex offers a diverse culinary scene, trendy bars, and cozy cafes. Beyond the bustling main streets, the neighbourhood features tree-lined avenues adorned with charming townhouses for sale in Ontario.
  • Perfect for: Artists young professionals, students, and individuals seeking a lively, culturally rich community.

Ottawa

Ottawa, Canada’s capital, blends urban life with natural beauty. The city boasts diverse neighbourhoods, from historic Old Ottawa South to trendy Hintonburg. Ottawa’s suburban areas offer tranquillity, while downtown living provides convenience.

1. Downtownย 

  • Highlights: A hub of government, business, and culture. Its central location offers easy access to the city’s core amenities, making it a convenient choice for many residents. The area boasts a mix of pre-construction projects in Ontario and historic buildings, creating a dynamic cityscape.
  • Perfect for: New condos for sale in Ontario, in this area, are perfect for government employees, professionals seeking a central location, and those who prioritize convenience and accessibility.

2. Old Ottawa South

  • Highlights: A picturesque neighbourhood renowned for its historic charm and elegant homes. Tree-lined streets, beautiful parks, and a strong sense of community define this sought-after area. Residents enjoy easy access to the Rideau Canal, perfect for outdoor activities year-round.ย 
  • Perfect for: Families, professionals, and those who appreciate a blend of history and modern convenience.

3. Hintonburg

  • Highlights: This neighbourhood is a haven for artists, musicians, and young professionals seeking affordable new Ontario condos. Its proximity to downtown makes it an attractive option for those who want to be close to the action.
  • Perfect for: Young professionals, artists, students, and those who enjoy a lively, urban atmosphere may choose new developments in Ontario, in this area.

Oshawa

Once a powerhouse of automotive manufacturing, Oshawa is reinventing itself as a dynamic hub for innovation and culture. The city offers a diverse tapestry of neighbourhoods and pre-construction homes in Ontario, it’s an attractive place to call home.

1. O’Neil

  • Highlights: The “Heart of Oshawa,” offers a range of homes from charming bungalows to impressive new projects in Ontario, catering to various lifestyles and budgets. Residents appreciate the strong sense of community, excellent schools, and proximity to essential amenities like the Oshawa Hospital.ย 
  • Perfect for: Families seeking a strong community, history buffs, and those who value a central location with a variety of housing options.

2. Lakeview

  • Highlights: Residents enjoy an enviable proximity to Lake Ontario and the expansive Lakeview Park, offering a serene escape from city life. This idyllic setting is complemented by surprisingly affordable housing options compared to other parts of Ontario.
  • Perfect for: Families, outdoor enthusiasts, budget-conscious homebuyers, and those seeking a tranquil yet convenient lifestyle may choose new pre-construction homes in Ontario, in this neighbourhood.

3. Vanier

  • Highlights: A sought-after neighbourhood, offering a diverse range of new homes in Ontario. Its proximity to major shopping centres like the Oshawa Center, coupled with excellent transportation links including the 401, and 407 highways, makes it incredibly convenient for residents.
  • Perfect for: Families, young professionals, students, and investors looking for a prime location with easy access to amenities.

Pros of Living in Ontario

  • A Mosaic of Cultures: Ontario is a diverse and inclusive province with a rich cultural tapestry. Home to people from over 250 ethnic backgrounds, it celebrates multiculturalism through vibrant festivals and events. This diversity enriches the community and fosters a welcoming environment.
  • A Playground for Every Lifestyle: From the serene landscapes of Algonquin Park to the vibrant energy of Toronto, there’s something for everyone. Enjoy outdoor adventures like hiking, fishing, and skiing, or immerse yourself in the thriving arts, culture, and culinary scenes of its major cities.ย 
  • Excellent Education System: Ontario is a leading education hub, home to world-renowned universities and colleges. The province offers exceptional learning opportunities, from early childhood to post-secondary education, empowering individuals to reach their full potential.
  • World-Class Healthcare: Ontario boasts a comprehensive healthcare system providing universal access to quality medical care through Medicare. Residents benefit from a low uninsured rate and convenient access to well-equipped healthcare facilities.

Cons of Living in Ontario

  • Winter Challenges: Ontario’s winters can be quite harsh, with temperatures often dipping well below freezing. While many enjoy the snowy landscapes and winter activities, those coming from warmer climates should be prepared for the cold.ย 
  • Population Density: Ontario’s population is concentrated in urban centers, resulting in a high population density. While this concentration offers access to a wide range of amenities and a thriving real estate market, including new pre-construction condos in Ontario, it can also lead to crowded living conditions and extended commute times.

Cities in Ontario

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FAQs about New Condos and New Homes in Ontario

What is the average cost to buy a new home in Ontario in 2024?

The average resale price for homes in Ontario has reached $884,761.

What are the advantages of buying new pre-construction condos in Ontario in 2024?

New condos in Ontario offer investment potential, modern amenities, and lower maintenance for buyers.

Is the Ontario condo market currently favourable for sellers?

A sales-to-new listings ratio of 41% suggests a balanced market, creating an equitable environment where neither buyers nor sellers have a significant advantage, fostering more stable and fair transactions.

What are some common on-site amenities offered by the new homes for sale in Ontario?

New developments in Ontario often feature on-site amenities like gyms, pools, community centers, and outdoor recreational spaces.

Is investing in new homes in Ontario a smart investment decision?

Yes, New Ontario condos offer lower entry costs, investment potential, and tax benefits.

Where are the best places to invest in Ontario condos for sale?

Prime condo investment locations in Ontario include Toronto, Ottawa, and the GTA suburbs.

What are the average condo prices in Ontario for 2024?

Prices of new condos for sale in Ontario vary significantly by region, with GTA commanding an average price of approximately $718,698.

Is Ontario's public transportation system convenient?

Major cities like Toronto offer extensive networks, while smaller towns and rural areas have limited options.

How much down payment is typically required for pre-construction condos in Ontario?

Typically, a 20% down payment is required for pre-construction condos in Ontario.

Are townhome developments in Ontario a good choice for families?

Pre-construction townhouses in Ontario can be a great choice for families, offering a balance of space, affordability, and community amenities.

Are there any well-regarded universities in Ontario?

Yes, Ontario boasts several top-tier universities, including the University of Toronto, McMaster University, and Western University.

What are the typical closing costs when buying a new condo in Ontario?

Closing costs for a new condo in Ontario typically range from 1% to 4% of the purchase price and include legal fees, land transfer taxes, and other expenses.

What are the best ways to track new home listings in Ontario?

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