List of New Condos in Vaughan Metropolitan Centre Neighbourhood
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Sold Out
Grand Festival Condos 2
Pricing From Developer Sold Out
1 Commerce St, Vaughan, ON
Developer - Menkes Developments Ltd., QuadReal
Occupancy - TBD
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investing in Vaughan Metropolitan Centre Real Estate
Since the 1980s and 1990s saw the city’s rapid rise from a sleepy jumble of neighbourhoods into a dynamic urban core, the City of Vaughan has had the goal of creating a true “downtown.” The heart of the city is the Vaughan Metropolitan Centre. The goal for this downtown is for it to develop into a thriving, contemporary urban hub for people to live and work in that offers all the conveniences of an urban lifestyle, including inspiring multi-use office towers, homes, subway access, open green space, urban squares, pedestrian-friendly stores and eateries, and walking and cycling paths. By embarking on the largest and most significant development project in its history—an extraordinary rehabilitation initiative that will turn it into a major downtown destination—the City of Vaughan is adamantly asserting itself as an essential component of the Greater Toronto Area.
Why invest in Vaughan Metropolitan Centre Real Estate?
Vaughan Metropolitan Centre along is undergoing massive change in terms of development and is a promising neighborhood when it comes to investment. Although there are several plans lined up for the future, in many aspects, the future has already begun and is here. With the current population standing at 330,000, Vaughan is now home to the region’s largest employment centre where there are more than 11,000 companies along with 200,000 jobs. It also boasts an average five-year employment growth rate of 4.1 percent. This is a desirable location for both working professionals as well as investors. It has also been estimated that there will be an exponential growth in the population and by 2031, it will cross 25,000 while also generating new residential projects along with 11,500 job opportunities. The Vaughan Metropolitan Centre is also very walkable and makes life easy for residents to acquire whatever they need without having to travel far. Everything is within walking distance, which negates the need of using vehicles. Vaughan had also been named the 20th Best Place to Live in Canada by MoneySense in 2016 and till date lives up to its reputation as a popular live and work destination in the Greater Toronto Area. With several development plans in line, it will only gain more popularity in the days to come.
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Employment in Vaughan Metropolitan Centre
It is anticipated that high density residential and employment uses will be developed with the growth of retail and entertainment enterprises within a 5-minute walk of the VMC subway station in order to fulfil the job function as a central business area. There will be a variety of job opportunities in the area, including corporate and commercial offices, retail services, and enterprises of all kinds, which will offer the essential business services to handle the significant inflow of new residents. Additionally, the jobs will be promoted as a location for government offices providing Federal, Provincial, Regional, and Municipal services. Leading companies like KPMG, PwC, Miller Thomson, and Harley Davidson Canada are just a few examples of businesses that have set up shop in the VCC’s downtown region to be near customers and an expanding workforce. These well-known brands give the VCC legitimacy and, more crucially, cut down on employees’ commute times, allowing them to build their corporate brands throughout the area. Additionally, the growth plan emphasizes putting offices in residential condo buildings during the earliest stages of intensification to guarantee that housing is complemented by employment uses.
Average Prices of Condos in Vaughan Metropolitan Centre
The average prices of condos in the Vaughan Metropolitan Centre (VMC) vary based on factors such as location, size, amenities, and market conditions. The VMC, being a rapidly developing urban hub, has seen increased demand for condominium living due to its proximity to transit, employment opportunities, and cultural amenities. Condo prices in the VMC generally reflect the modern and upscale nature of the developments in the area. Buyers can find a range of options, from more affordable units to high-end luxury condos with state-of-the-art features. It’s important to note that real estate prices can be subject to fluctuations influenced by market trends, demand, and other economic factors. For the most accurate and current information on condo prices in the Vaughan Metropolitan Centre, it is recommended to consult local real estate listings or speak with a real estate professional familiar with the evolving market conditions in the area.
Transit & Accessibility
The VMC station’s subway connection to Vaughan is still the only one available outside of Toronto. With daily commuter traffic of over 20,000, the VMC Mobility Hub offers residents and investors quick access to clients and the huge talent pool of the GTA. Subway passengers can go in 45 minutes to Toronto’s Union Station and in 15 minutes by short drive to Toronto’s Pearson Airport. Additionally, the construction of the SmartCentres Place Bus Terminal, a new regional transit hub connected via an underground tunnel to the nearby subway station and VIVA express bus routes, gives the VMC a significant transportation hub to handle the increasing demand and influx of residents anticipated to meet growth plan targets.
