Pre construction condos for sale in Vaughan ( August, 2023)
Vaughan holds a unique distinction within York Region as the sole municipality to have been granted City status. Vaughan is a go to destination for thousands of first time condo buyers. City of Vaughan has grown in all dimensions and has become a viable and sustainable community for many years. Its not surprising that some of Canada’s top condo developers are making plans to build coming soon high-rise condominiums in Vaughan. Many new condo developments have already been completed and are available for sale.
New Condos in Vaughan (Here’s a List of the Most Anticipated Pre-construction Condos in Vaughan)
Vincent Condominiums is a new condo development by Rosehaven Homes , Townwood Homes and Guglietti Brothers Investments currently in preconstruction at 2851 Highway 7, Vaughan. A dynamic new energy is coming to the heart of Vaughan, the GTA’s fastest growing city! Vincent Condominiums is coming this summer to the Vaughan Metropolitan Centre at Highway 7 and Jane Street. A major transit hub with direct subway connections to York University and downtown Toronto as well as VIVANEXT and local bus routes across Vaughan and Richmond Hill. A towering statement of contemporary style with fabulous views, contemporary suite designs and hotel-inspired amenities.
Developed by:Menkes Developments Ltd. and QuadReal
No of units:0
Bravo Condos is a new condo development by Menkes Developments Ltd. and QuadReal currently under construction at 1 Commerce Street, Vaughan. The pinnacle of creativity and celebration, Bravo’s unique, gleaming towers rise above a vibrant streetscape only steps from the VMC transit hub. This is a place where you can put down roots and feel at home, and with so much going on around you, every day you can experience something new and different. Explore 45 acres of parkland and 17 km. of trails and bike paths, and the pedestrian-friendly retail promenade with eclectic bistros, cafes and shops. Thrive and grow, connect with your neighbours, and be part of a vital new urban community in Vaughan’s friendly new downtown.
The Rise Hill Condos is a new condo and townhouse developmentby Capital North Communities currently in preconstruction at 177 Woodbridge Avenue, Vaughan. The development is scheduled for completion in 2023. The Rose Hill Condos has a total of 85 units. Imagine living in spacious luxury with countless fabulous boutiques and culinary experiences at your doorstep. Including walking distance from local farmers’ markets, fresh grocers and cafés, and all the charm and conveniences you could ever dream of. Now you can have it all, at The Rose Hill.
Project Location: Teston Road & Pine Valley Drive, Vaughan, ON, Canada
Postal code:L4L 1A6
Developed by: Gold Park Homes
No of units:0
The Manors at Pine Valley is a new townhouse by Gold Park Homes currently under construction at Teston Road & Pine Valley Drive, Vaughan. An exquisite residential development set to premiere this spring. Nestled in a stunning ravine setting, these 31' manor townhomes with 2-car garages are set to make a grand entrance. With soaring 10' ceilings and stunning open concept designs, these homes exude a sense of magnificence comparable to the most impressive detached residences. Situated in a secluded enclave with a single access point, you'll enjoy privacy while being conveniently close to the renowned Kleinburg area and future local retail.
Project Location: 7379 Islington Avenue, Vaughan, ON
Postal code:L4L 1W2
Completion :Est. 2025
Developed by: Capital North Communities
No of units:90
Serville Residences is a new condo development by Capital North Communities currently in preconstruction at 7379 Islington Avenue, Vaughan. Serville Residences has a total of 90 units. There isn’t another location anywhere in Vaughan quite like this. A rare haven along Islington Avenue just south of Highway 7 where a quiet and noble condominium address is set to rise spectacularly within nature’s thrilling canopy of lush greenery. A place that’s an escape as well as a destination.
Project Location:7082 Islington Avenue, Vaughan, ON
Postal code:L4L 1V8
Completion :Est. 2026
Developed by:Primont Homes
No of units:166
SXSW Condos is a new condo community by Primont Homes currently under construction at 7082 Islington Avenue, Vaughan. The community is scheduled for completion in 2026. Available units range in price from $646,900 to over $684,900. SXSW - Tower 1 unit sizes range from 579 to 809 square feet.
7. Thornhill Condos by Daniels Corporation
8. Sora Vista by Countrywide Homes
9. Park Avenue Place by Solmar development corp
Pre construction condo Vaughan prices
The average price of a pre-construction condo in Vaughan in 2023 is $1.4 million. This is a 7.8% increase from the average price in 2022. The price per square foot is also on the rise, currently at $870.
There are a number of factors that are driving up the prices of pre-construction condos in Vaughan. One factor is the strong demand for condos in the GTA. The population of the GTA is growing rapidly, and there is a shortage of housing, particularly in the downtown core. This is driving up prices across the board, including for pre-construction condos.
The Residences at Kingsway Park By Daniels Corporation Price Starting from Low $749,900
The Well at VaughanBy Fernbrook Homes Price Starting from Low $799,900
The Crossings at Vaughan By Lanterra Developments Price Starting from Low $799,900
The Village at Vaughan By Greybrook Realty Price Starting from Low $800,000
The Estates at Vaughan By Tridel Price Starting from Low $800,000
Pre construction condos Vaughan 2023
Here are some pre-construction condos in Vaughan that are scheduled to be completed in 2023:
Promenade Park Towers by Liberty Development Corporation. This is a 25-storey condo tower with 382 units located at 1 Promenade Circle, Vaughan. Prices start at $699,900.
Abeja District by Cortel Group. This is a 33-storey condo tower with 475 units located at 2901 Rutherford Rd, Vaughan. Prices start at $649,900
Vaughan Trulife by Trulife Developments and Constantine Enterprises. This is a 29-storey condo tower with 333 units located at 8188 Yonge St, Vaughan. Prices start at $799,900.
The Madison by Lifetime Developments. This is a 38-storey condo tower with 418 units located at 7701 Jane St, Vaughan. Prices start at $899,900.
SXSW Condos by Primont Homes. This is a 27-storey condo tower with 444 units located at 14121 Yonge St, Vaughan. Prices start at $699,900
What Buyers Need to Know About the Vaughan Housing Market in 2023
Buying a Pre Construction Condos in Vaughan? Here is the reason why New condos in Vaughan is attractive amongst first time home buyers.
Buying a new condo in Vaughan, Ontario, can offer several advantages. Vaughan is a rapidly growing city located just north of Toronto, and it has become an attractive destination for both residents and investors. Here are some reasons why buying a new condo in Vaughan might be a good idea:
Location: Vaughan's strategic location provides easy access to Toronto and other neighboring cities, making it a desirable place to live for those who work or study in the Greater Toronto Area.
Amenities: New condos often come with modern amenities such as fitness centers, swimming pools, rooftop terraces, and concierge services, providing a convenient and luxurious lifestyle.
Investment Potential: As Vaughan continues to grow and develop, property values have the potential to appreciate over time, offering a good opportunity for real estate investors looking to buy pre construction condos.
Urban Planning: The city's urban planning focuses on creating mixed-use communities that combine residential, commercial, and recreational spaces, contributing to a vibrant and well-rounded lifestyle.
Cultural Attractions: Vaughan is home to attractions like Canada's Wonderland, Vaughan Mills shopping center, and the Vaughan Metropolitan Centre, which includes cultural and entertainment venues.
See all the Pre construction condos for sale nearby
Leading Neighborhoods in Vaughan (Exploring the Best Neighborhoods for New Condos in Vaughan)
City of Vaughan is located in the York regional municipality, along the northwest boundary of Toronto, knows as the city above Toronto. Officially incorporated as a city in 1991, Vaughan has five constituent communities, which are Kleinburg, Concord, Maple, Thornhill, and Woodbridge.
Though Vaughan was primarily known as an agricultural and milling area, over the last few decades, it has blossomed into a buzzing metropolitan.As a result, it has become one of the most preferred living destinations in Canada with tons of pre-construction condos projects lining up, offering green spaces comparable to cities like Pickering and Ajax but with a more metropolitan feeling.The city is multicultural, and there are different Vaughan neighborhoods that offer unique living experiences. Read on to find out all about life in Vaughan and some of the best Neighborhoods for buying new condos in Vaughan.
East Woodbridge : East Woodbridge is a sought-after neighborhood in Vaughan known for its family-friendly environment and convenient amenities. With the development of pre-construction condos lining up, residents can enjoy modern living spaces with contemporary designs and a range of amenities in their new condos. The value of pre-construction condos in East Woodbridge is expected to appreciate as the neighborhood grows and attracts more residents.
Sonoma Heights : Sonoma Heights is another popular neighborhood in Vaughan that offers a mix of residential and commercial spaces. As the development of new condos in the prime areas of the neighborhood continues to rise, residents can enjoy a convenient and connected lifestyle. The value of condos in Sonoma Heights is expected to rise in the coming years as the area attracts more attention and investment in its pre-construction condos market.
Kleinburg : Kleinburg is a charming neighborhood known for its historic charm, upscale homes, and picturesque surroundings. The value of condos in Kleinburg is anticipated to increase as more people discover the allure of this area. The neighborhood is attracting more and more homebuyers seeking new condos as residents can experience the best of both worlds – a tranquil community and modern living spaces.
Weston Downs : Weston Downs is a prestigious neighborhood in Vaughan that offers a mix of luxury homes and upscale condos. The value of condos in Weston Downs is projected to appreciate as demand for high-quality housing, especially new condominiums, continues to rise. The sky of Weston Downs is a stunning collage of high-rise condominium and pre-construction condo projects coming up. It is a perfect neighborhood for homebuyers desiring luxurious amenities and well-designed living spaces in their new condos.
MacKenzie Ridge Ambassador Hills : MacKenzie Ridge Ambassador Hills is an emerging neighborhood in Vaughan that offers a blend of natural beauty and modern living. With new condo developments and pre-construction projects on the horizon, residents can expect contemporary designs, top-notch amenities, and stunning views. More and more homebuyers are attracted here since the value of condos in MacKenzie Ridge Ambassador Hills is expected to rise with the increasing demand for new condos.
Benefits of Investing in Pre-Construction Condos in Vaughan
Vaughan is a vibrant city with a growing real estate market, making it an attractive place to invest in pre-construction condos. Here are some of the benefits of investing in pre-construction condos in Vaughan:
Lower prices: Pre-construction condos are often sold at a lower price than completed condos. This is because the developer is still incurring costs for construction, and they are willing to offer discounts to attract buyers.
Potential for future value appreciation: The value of pre-construction condos tends to increase as the project nears completion. This is because the condo will be newer and more energy-efficient than older condos.
Flexibility in floor plan and customization: When you buy a pre-construction condo, you have the flexibility to choose your own floor plan and customize the unit to your liking. This gives you more control over your investment.
Modern amenities: New condos in Vaughan offer modern amenities that appeal to buyers and renters alike. These amenities can include fitness centers, rooftop terraces, and concierge services.
Brand-new construction: New condos are built with the latest building materials and technology, which can save you money on energy bills and maintenance costs.
Watch The Video Below to Know More On Living in Vaughan, Ontario!
Vaughan Real Estate Market
The housing market of Vaughan is thriving, and the prospects for new condos remain strong. As Vaughan continues to experience growth and development, demand for housing, particularly in desirable locations, is expected to rise. This increased demand of new condos in Vaughan can positively impact the value of pre-construction condos, making them a valuable long-term investment. It presents a dynamic landscape for homebuyers. These types of pre-construction properties offer the advantage of purchasing a home before it's completed to secure a desirable unit at a potentially lower price. Investing in new condos in Vaughan will offer the opportunity to secure your perfect home a cheaper price, enjoy modern amenities and designs, and potentially benefit from value appreciation over time.
To navigate the housing market effectively and make informed decisions, it's advisable to work with a reputable real estate professional who specializes in Vaughan's condo market. They can provide valuable insights, guide you through the buying process, and help you find the perfect pre-construction or new condo in Vaughan that meets your needs and investment goals.
Average Price of New Condos in Vaughan
The average sales price for all types of homes in Vaughan is currently about $1.15 M. Over the previous ten years, the average sale rate has increased by 7.9%.
The price per square foot for new condos listings in Vaughan has remained at $870 so far in 2023, with prices continuing to rise by approximately 7.8% compared to last year. The vacancy rate of condos in Vaughan is now 0.9%, indicating that there is still a high demand for condos. Currently, the City of Vaughan's average monthly rent is $2,100. This is in addition to the rental appreciation rate of 3.3%.
Looking to buy new condo in Vaughan? Watch the video below to know what makes Vaughan a great place to buy your next condo!
Vaughan's location in the Greater Toronto Area (GTA) offers residents easy access to a wide range of amenities and attractions. With close proximity to downtown Toronto and excellent transportation links, including major highways and the TTC subway extension, Vaughan ensures convenient connectivity to both work and leisure destinations.
Vaughan is rapidly emerging as one of the fastest-growing cities in Canada, making it an appealing destination for businesses seeking expansion opportunities. The city's competitive average condo prices, convenient accessibility, and promising development prospects further enhance its allure.
Vaughan boasts a diverse and welcoming community, providing a strong sense of belonging for residents. The city hosts various cultural festivals, community events, and recreational activities that bring people together and foster a sense of community spirit.
Alongside the thriving business landscape and increasing new pre-construction condos, Vaughan retains its reputation as a family-oriented residential area. With its charming small-town atmosphere, Vaughan seamlessly combines the best of both worlds.
Abundance of Amenities
Living in Vaughan means having access to an array of amenities and services. From shopping centers like Vaughan Mills and Promenade Mall to numerous dining options, entertainment venues, and recreational facilities, residents enjoy a wide range of choices right at their doorstep.
Vaughan is known for its beautiful parks, green spaces, and conservation areas. Residents can enjoy the tranquility and serenity of nature in places like Boyd Conservation Area, Kortright Centre for Conservation, and the picturesque trails along the Humber River.
Education and Healthcare
Vaughan is home to excellent educational institutions, including public and private schools, as well as York University's campus. The city also provides access to top-quality healthcare facilities, ensuring residents have convenient access to medical services.
Condo Market Opportunities
The condo market in Vaughan offers exciting opportunities for homebuyers and investors. With new condo developments and pre-construction condos lined up in Vaughan, residents can choose from a variety of modern, well-designed living spaces. Investing in the Vaughan condo market can provide potential value appreciation and a desirable lifestyle.
Vaughan offers a range of recreational facilities for residents to stay active and engaged. The city features state-of-the-art community centers, sports complexes, golf courses, and parks where residents can enjoy various activities, such as swimming, fitness classes, and outdoor sports.
Frequently Asked Questions
Why Should You Invest In Vaughan Real Estate?
Vaughan is often referred to as ‘the City above Toronto”. Indeed Vaughan shares its southern boundary along Steeles Avenue, with the City of Toronto. The new Vaughan Metropolitan Centre serves as the Vaughan downtown core. This vibrant new urban centre features a mixed use of residential condominiums, office towers, retail, parks, pedestrian paths and a subway station. Vaughan is a diverse and multicultural City. It is currently the 17th largest city in Canada and growing.
Vaughan features everything you could want in a City from world class shopping and restaurants, a myriad of parks and recreational facilities, a vibrant arts scene, a robust public transit system and a state-of-the-art hospital ,Whether you’re a young professional looking to start a family or an affluent entrepreneur looking for a suburban home, there are many Vaughan neighbourhoods suitable for you. However, the greatest aspect of Vaughan is the sense of community. Other highlights include its stunning natural scenery and public parks.
Are pre-construction condos in Vaughan a good investment?
Investing on pre construction condos have multiple benefits. If you are thinking of buying pre construction condos in Vaughan, when considering if pre-construction condos are a good investment you should start with the financials. One of the primary advantages of purchasing a pre-construction condo is the deposit structure. The deposit, which can range from 15% to 20%, will generally be spaced out in installments over a number of years. This allows you to invest less money upfront than you would a re-sale investment unit which requires all 20% upfront as a down payment. Optimizing your financial return is truly one of the largest benefits of buying pre-construction Vaughan condos.
1. Availability of deposit programs
2. You may buy pre construction condos in todays price and move a few years later when its built
3. By pass higher interest rates
4. New condos tend to sell for more money
5. Less condo repairs
6. Tax benifits
What to look for when buying new condos in Vaughan?
When considering if buying condos in Vaughan are a good investment it’s easy to ignore the entire cost of ownership, but it’s important to factor in all costs when seeking to buy a condo, which is more than simply the deposit and mortgage payments. Maintenance fees, property taxes, utilities, and other expenses must all be factored into the budget. Then there are closing expenses, which are an important factor to consider when purchasing a condo under construction. Land transfer taxes, meters, legal expenses, warranty fees, development levies, and administration fees are all included in the closing costs.
Development levies, in particular, have recently sparked debate in the media. To help support civic infrastructure, condo developers are required to pay specific development levies to governments. Developers frequently offer monetary donations to assist create public community centers and parks in exchange for authorized height or density increases. It’s crucial to find out how a developer handles these costs if you’re buying from them. Are they already included in the purchase price, or will they be added later
Find a reputed Condo developer in Vaughan before you buy
When you only invest in renowned builders, investing in a pre-construction condo becomes fundamentally less hazardous. Choose a developer who has a proven track record of following through on their development plans on time and on budget.
Begin by looking at the developer’s post-closing track record. It’s important to remember that this isn’t merely a pre-construction condo investment. It is, nevertheless, critical if you want to ensure that you obtain the best resale condo value. Consideration of the builder is an important consideration to make before proceeding with any real estate transaction. If you wish to resell condominiums as a company, this is also true.
Things You Need To Know Before Buying Pre Construction Condo in Vaughan:
Disclaimer : The content written above are just personal opinion of Homebaba staff and do not guarantee to be factual or accurate. The information on this page are collected from publicly available websites. The information provided above should not be taken as an advice or recommendation in any way. Homebaba does not provide any real estate advice or recommendation. Talking to liscenced real estate agent or real estate broker is recommended for any advices and recommendation.