New Condos Milton

Why Buy New Condo Developments in Milton?

Milton is one of the fastest-growing municipalities in Canada and is set to experience yet another wave of development. The town is equipped with an excellent transportation system and expects new initiatives that provide opportunities for condominium and townhouse developments. Milton is working on promoting the building and development of various housing forms, including intensive building near transit-supported locations, under community engagement initiatives such as ‘We Make Milton’ and ‘Principles of Growth.’ Those initiatives are already being implemented by the Trafalgar Corridor, a roadway that currently has the approval to become a future GO Train station in Milton. Trafalgar Secondary Plan aims to make Agerton and Trafalgar higher density, transit-supportive areas. The mixed-use initiative is expected to bring about 19,000 new jobs and 32,000 new residents to Milton, Ontario, over the next 20 years. A new condo in Milton is a great investment for those interested in the city’s growth initiatives, as it will bring more housing options and career opportunities. Investing in a new condo development in Milton also gives you access to the many facilities, arts and culture, events, parks and trails, and recreation in the area. The Downtown Milton Street Festival is an annual event hosted in the city, where guests can enjoy live entertainment as well as vendors, food stalls, and local businesses.

Accessibility

The Town of Milton is situated only a few kilometres from the Greater Toronto Area, and residents of new condos in Milton have access to excellent transportation services that provide convenient access to destinations across the GTA. The area is served by Highways such as Highway 401, Highway 407, and Halton Road 25, which allows local motorists to commute to Downtown Toronto within an hour. Motorists can travel quickly and easily to any part of the Greater Toronto Area using these roads. Milton Transit offers public transportation services to Milton residents. Milton Transit operates a total of 13 bus services within the city, all of which help residents travel through the city with ease. Residents can also use GO Transit services at Milton GO, where they can ride a GO Train and GO Bus. From Milton GO station, passengers can take the Milton train line, which will take them through various Mississauga GO stations before ending at Toronto’s Union Station. With the Milton Transit Token Transit app, residents can show the operator a digital ticket to pay their fares using Milton Transit passes and tickets. Milton Transit customers looking for accessible services can take advantage of the Milton Access+ and the features of Milton Transit vehicles. Milton Access+ provides transit services to individuals with disabilities, in which customers can schedule their ride times and set their destinations. Milton Transit busses are also equipped with ramps, kneeling features, mobility aid spaces, slip-resistant flooring, and audio and visual announcements.

Average Prices of Condos in Milton

In Milton, the average selling price for all types of homes, including condos, was $1,040,961 for the current year of 2021. In Milton, the average condo price is $602,483 in 2021, with condo properties staying on the market for an average of 11 days. The average condo price in Milton is lower than that of the Halton Region and the Greater Toronto Area, which are $684,961and $683,479, respectively. In Milton, the average rent for a condo is $2,226 for a one-bedroom unit, it is $1,705, for a two-bedroom unit, it is $2,125, and for a three-bedroom unit, it is $2,850. The benchmark price for condos in Milton is currently $685,300, which was a change of 17.79% from the previous year.

Diversity in Milton

From the position is has at the Niagara escarpment’s edge, Milton features several parks such as the Bruce Trail and Conservation Halton can come for a day out to escape the urban establishments and enjoy nature. Locals here also have the privilege to participate in some of the annual festivals which include Steam-Era, the Milton Fall Fair and the Downtown Milton Street Festival. If all this wasn’t enough, the city of Milton is expanding its horizons with a number of upcoming developments which are in the pipeline. With Milton expected to expand the route of the existing GO train station to a mobility hub along with opening a new Highway 401 interchange at Tremaine Road, one of the most anticipated plan in Milton is to open a new campus for post-secondary by Wilfrid Laurier University at the Milton Education Village Innovation Centre which spreads over 400 acres of land. With all these developments in line, there are big changes anticipated for the town of Milton. The population of the town is also expected to reach 228,000 by 2031. Considering the bright prospects Milton offers and the increasing demand for housing, this is definitely an great place to invest, when it comes to real estate.

There is much to look forward to in the town of Milton. There is a little bit of everything here for everyone. One of the best aspects here is the fact that you will be investing much less compared to what you would have on other counterparts such as Downtown Toronto. Moreover, you would be getting more square feet of area for your investment, meaning a much bigger condo or townhouse than what you would be getting in other places in the Greater Toronto Area. The abundance of local amenities, shopping plazas and transit options makes this a great place to call home. All of these factors add up and make it an ideal choice for investors and buyers. Upcoming condos in the region are going to become much more prevalent in the months and years ahead, and are expected to have larger units for a better price as compared to other places in the Greater Toronto Area. The place is also ideal for individuals who work in urban environments, but prefer living in smaller communities. There are several condos and townhouses in the pipeline for this region, and this could be great solutions for those who are looking to get more square foot for their investment compared to other counterparts in urban areas such as Downtown Toronto.