Vaughan

Vaughan offers a diverse range of new condos. From luxurious high-rises with panoramic city views in the Vaughan Metropolitan Centre to modern mid-rises nestled in family-friendly communities, there’s something for everyone.

Yes, with an average price per square foot of $1,015, Vaughan is a hot spot for investors and future homeowners. Experts predict this trend to continue, with annual growth rates around an impressive 4.5%.

New developments in Vaughan are designed with modern living in mind. Residents can expect sleek finishes, open-concept layouts, and top-of-the-line amenities like fitness centers, rooftop terraces, co-working spaces, and even concierge services in some buildings. For more specific details contact us. 

As per data from the Toronto Regional Real Estate Board, the average price for new condos in Vaughan, as of June 2024, is $667,078.

For condos under $500,000, the minimum down payment is 5%. If the condo costs more, you’ll need 5% for the first $500,000 and then 10% for the remaining balance.  For condos over $1 million, you’ll need at least 20% down. However, you might choose to put down more than the minimum to save on interest and mortgage insurance.

The high prices of pre-construction townhouses in Vaughan can be attributed to several factors, including the city’s thriving business sector, which is attracting an increasing number of residents. Additionally, there is limited land availability for new construction projects, and the overall strong demand for housing in the Greater Toronto Area is further pushing prices up. This imbalance between the high demand for townhouses and the limited supply available is, in turn, driving prices higher.

With a Sales-to-New-Listings Ratio (SNLR) of 41% in Vaughan’s real estate scene, things are pretty balanced but still slightly leaning toward buyers. You might think it’s best to wait for better returns but remember, condo markets can be quite unpredictable, and there’s no guarantee prices will go up in the future. So, it’s a good idea to keep an eye on market trends and consider your own financial goals before jumping in.

Pre-construction projects in Vaughan are near public transit, including YRT local buses, Viva BRT along major routes, the upcoming VMC subway extension, GO Transit rail services, and dedicated bike lanes. These transportation hubs offer easy city and GTA access.

Buying a new Vaughan condo as an investment depends on your financial goals, condo location, market trends, and preferences. Vaughan’s growing economy, transit network, and housing demand make it attractive. Research the market, consider long-term plans, and consult a pro. We can help, contact us.

Based on the historical real estate data for Vaughan, the average condo appreciation rate over the past 10 years is around 109%. This indicates that the average price of condos in Vaughan has more than doubled in the last decade.

Vaughan’s housing market caters to a diverse range of budgets, with options for both luxury seekers and cost-conscious buyers. Detached homes continue their upward trend, averaging a significant $1.9 M in June 2024. For those seeking a more affordable entry point into the Vaughan market, condominiums offer a compelling alternative at an average price of $ 667k+.

Vaughan boasts a vibrant shopping and dining scene, with established destinations like Vaughan Mills and trendy spots like Promenade Shopping Centre catering to diverse tastes and budgets.

Vaughan is renowned for its top-rated public and private schools, such as  Michael Cranny, Mackenzie Glen, Glenn Gould, and Herbert H. Carnegie, offering a strong educational foundation for families. However, school availability and catchment areas can vary depending on your location.

Pinpointing the absolute “best” pre-construction Vaughan neighbourhood depends on your priorities. However, some areas are particularly hot for investment due to factors like proximity to transit (Vaughan Metropolitan Centre) or established family-friendly vibes (Woodbridge).

The average rent sits around $2,438 (1 Bed), reflecting a strong demand for condos in the area. With a vacancy rate hovering around a low of 0.6%, finding your perfect condo might require swift action and a close eye on new listings.

Register today and check out the Platinum Condo Deals website regularly. You’ll gain a comprehensive understanding of the Vaughan condo market, potentially secure exclusive deals, and ultimately find the ideal property that aligns perfectly with your needs and budget.