Why Invest in Aurora Real Estate?
Although Aurora is one of the small towns in Southern Ontario, it has managed to establish a thriving urban centre and maintain its small-town charm over the years. The size of the town does not stop it from growing as it has a lot of potential thanks to the Government of Ontario Places to Grow Act. The current population of Aurora stands at approximately 58,000 residents, but is expected to grow and acquire a population of 70,000 by 2031. The town is full of leafy established neighborhoods with bungalows, larger homes and even newly-built condominiums that share space with both big box stores and employment lands. Aurora also continues to attract businesses, opening a door for investors and thereby generating employment opportunities. This is ideal for those who want to live close to their work. Some of the new neighborhoods in this town are a mix of townhomes, semis, single-detached and condominiums that are just a few minutes away from big city-like amenities such as restaurants, shops and services.
List of New Condos in Aurora
Why Buy New Condo Developments in Aurora?
Aurora has housing to cater to residents in all stages of life and will account for most of Aurora’s residential growth. Although family-friendly spaces are continuously developing in this district, Aurora has been known over time for celebrations that happen together. There are several community events hosted here that have been known to bring residents and visitors together. Some of the events here include the Easter Egg Hunt, Arctic Adventure, Street Festivals and Home Show which showcases over 500 vendors along with live music. The Santa Under the Stars Parade, Family First Night and the Haunted Forest, and are some of the popular events with the children. The region also features several schools. This gives the parents a wide range of choices ranging from public school to Catholic schools and even several private schools that you can choose from.
Getting around this town is convenient and effortless thanks to the easy access to highways and abundance of public transportation. Highway 404 helps in connecting residents from here to the other parts of the Greater Toronto Area while GO Transit provides train services that run to downtown Toronto. Aurora is serviced by the York Region Transit, including several routes and Viva Blue Bus Rapid Transit service. On the Barrie GO Transit Line is the Aurora Go Transit which makes it convenient for the residents here. There are trains departing that leave for Toronto with a frequency of 15-30 minutes on weekday mornings during peak hours. There are also trains that head towards Barrie with a frequency of 30 minutes during peak hours in the afternoon. By the year 2024, as per the Go Transit Regional Express Rail plan, services will be enhanced and trains will be available with a frequency of 15 minutes during peak hours on weekends, between Toronto and Aurora. There are also plans to use electric trains instead of the conventional diesel trains for the Barrie-Toronto route. Aurora is the ideal place for people who want to live in a secluded environment, yet have access to all the luxuries and stay in close proximity to the urban core.
Average Prices of Condos in Aurora
The average resale price in Aurora for all types of home, including condos is $885,774 presently. The average rate of resale appreciation has been 6.7 percent for the past 10 years. The average rental rate on the other hand is currently $2,100. This is in addition to a rental appreciation rate of 3.7 percent which has been maintained for the past 10 years. The vacancy rate currently sits at 0.8 percent here, making the demand for condos very high. Aurora’s economy is strong with several industries from various domains which include retails, manufacturing, printing and auto parts. Besides these industries, Aurora is also in close proximity to some really thriving economies in Southern Ontario. Markham and Richmond Hill, which are regarded as the area’s best tech hubs, can be reached in less than 30 minutes by car. The Financial District too is in close proximity and can be reached within 40 minutes.
Diversity in Aurora
Aurora is one of Southern Ontario’s small towns that has been able to establish a thriving urban centre and yet continues to maintain its small-town charm. This town made it to the list of “Top Places to Live” in Canada mostly because of the many activities available here. There is something for everyone and is definitely a bonus for individuals who like to stay fit and active. There is an abundance of greenery here spread over 780 acres of land which include 46 parks, tennis courts, soccer fields, basketball courts as well as splash pads. The Nokiidaa Trail system flows along with the Holland River, which winds through the surrounding neighborhoods and connects all the inhabitants of this place to ball diamonds, parks, playgrounds and recreation facilities. Some of the other renowned trails are Wimpey, Willow Farm and Lakeview. There is a total of 57 kms of trail space which is looked after by the town, which is a blessing for joggers, cyclists, skiers and dog walkers to enjoy the area. Skating is a favourite activity of the locals here as year-round public options are available to the residents at the Stronach Aurora Recreation Complex. There are four more skating rinks here at the Confederation Park, Aurora Family Leisure Complex, Machell Park, Town Park and Ada Johnson Park. Adults above 55 years of age also have a wide range of facilities to stay social and active, thanks to the Aurora’s Seniors’ Centre which features a billiards room, outdoor bocce court, reading and computer room, woodshop, and a magnificent terrace that overlooks the Aurora Arboretum. Building of communities is a continuous effort here and has not shown any red flags over the years. This district that is focused on the people aims to develop a pedestrian-friendly, mixed-use destination that will include specialty shops, creative businesses, dining and arts that is centered around Wellington and Yonge Streets. The Aurora Cultural Centre is one of the pioneering steps to help create the new district which will be home to art galleries, museum, performance venues and much more.