List of New Condos in Bayview Hill Neighbourhood
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About The New Condos In Bayview Hill
Bayview Hill is an opulent neighbourhood located in Richmond Hill with the Bayview Hill Community Centre & Pool located at its heart. This well-maintained recreational centre with hospitable staff offers various services to the residents like swimming classes, sewing classes and gyms at lower rates than nearby gyms. The Richmond Hill David Dunlap Observatory located nearby is a must-visit destination well equipped with a 1.88m reflector telescope, boasted as the largest telescope in Canada while the Hillcrest Mall is a haven for Shopping lovers.
Why Buy Pre-Construction Condos In Bayview Hill?
Purchasing new condos in Bayview Hill is advantageous mainly due to the fact that the units are at a lower price point as compared to the completed ones which allows for property appreciation in the future while also having the flexibility to choose from various floor plans and customize the unit according to personal preferences of the buyers, leading to a wise investment decision and profit in a lavish environment that keeps expanding.
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Entertainment & Recreation In Bayview Hill
Bayview Hill has no shortage of entertainment and recreational activities as the area has many green spaces scattered around like Helmkay Park and Artisan Park along Beaver Creek that add aesthetic values to the surroundings. Foodies can head over to Major Mackenzie Dr E to taste the various cuisines of the local restaurants like the Thai Basil Thai Restaurant and Restoran Malaysia Malaysian Restaurant.
Average Price For Condos In Bayview Hill
In the second quarter of 2023, the average price per square foot for new condos in the 905 region of the Greater Toronto Area (GTA) was $1,172, compared to the average of $1,673 per square foot in the former City of Toronto, which is comparatively low for Richmond Hill where pre construction condos are sold at an average price of $792 per square foot in 2023. The benchmark price of a resale condo by the end of 2023 was $573,100 in Richmond Hill, which is comparatively less than last year by 0.88%. Prices have consistently been on a trend and continue to rise each year. There has been increased demand for properties due to significant immigration rates, decreased affordability for homeownership and a strong job market. Rental rates for Richmond Hill condos have continued to rise. Reached a monthly rate of approximately $2,350 during the second quarter of 2023. This represents a growth rate of 12% when compared to figures from last year. The demand for purpose-built apartments has outpaced supply resulting in a decrease in vacancy rates, in Richmond Hill which currently stands at 0.6%.
