List of New Condos in Concord Neighbourhood

Why Invest in Concord Real Estate?

Every so often, a neighbourhood undergoes a makeover and is revitalised. The transformation of vast areas of brownfields and abandoned industrial buildings into opulent condo towers and mixed-use neighbourhoods has already been witnessed numerous times in Downtown Toronto. Due to its advantageous location near the construction of a significant urban centre, the Concord neighbourhood may serve as the site for the next urban transition. The region is off to a fantastic start because over the past year, condos accounted for 66% of all property sales, while detached homes only made up 15% of those sales.

Why Buy New Condos in Concord?

Steeles Avenue to the south, Highway 400 to the west, Dufferin Street to the east, and Rutherford Road to the north are its designated limits. So why may future investment in this neighbourhood boom? Obviously because of the Vaughan Metropolitan Center!
With the project being dubbed “The New Downtown North,” Vaughan has set its eyes on becoming the following important urban centre in the GTA. There will be plenty of jobs, shops, entertainment, and other amenities in this new downtown. It is also the location of the newest and most northern metro station in the Greater Toronto Area (GTA), which connects the area to the TTC’s Line 1 Yonge-University subway line. So how does Concord fit into this? Well, before it was chosen as the ideal location for the city’s new urban centre, the VMC’s current location was formerly a part of the neighbourhood. This neighbourhood will make sense as the next location to develop after the downtown core is sufficiently dense, which might happen sooner than you expect.

  • 1
  • 1
  • 1
  • 1

Employment in Concord

When investing for the long term, you look for a varied employee base. A strong area for you features a diverse group of local industries. The majority of employers in the neighbourhood shouldn’t be in danger if there are disruptions in one company category. You’re in a tough spot if the majority of your tenants work for the same company that generates the majority of your rental money.Concord’s median household income exceeds the national average by 18%. Concord’s unemployment rate is 40% less than the national average. 4.1% of Concord residents earn less than $20,000 per year. Between $80,000 and $100,000 is the income range for 11.6% of Concord residents. 1.8% of people in Concord make $300,000 or more every year.

Average Prices For Condos in Concord

The region is off to a solid start as condos made up the majority of home sales over the past year, accounting for 66% of all sales while detached homes made up only 15% of sales. During that time, a property cost an average of $665,739, which can be broken down into an average condo cost of $502,126 and an average freehold cost of $1,176,716.