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New Home Developments in Vaughan Worth a Look
The city of Vaughan is still a mystery to many people in the GTA. If you asked the average York Region resident where the boundaries of Vaughan were, they would give vague references to Brampton or Woodbridge. The fact is that Vaughan occupies some of the most valued property in Metro Toronto.
Prices of homes in York Region are rising fast along with new construction offerings, yet the prices new homes are selling for in Vaughan tells us that Vaughan is popular and beginning to gain its identity.
The eastern boundary of Vaughan is Bathurst St. Monster homes being built on the west side of Bathurst are not Richmond Hill homes — are Vaughan homes. Vaughan’s former elite residential neighbourhood called Woodland Hills has a good number of multi-million dollar homes yet this region is more a flashback to old Canadian money. The new money is pouring into Vaughan, Markham, and Aurora.
Vaughan has all the advantages of communities that border Toronto and near to Mississauga (Markham, Richmond Hill and parts of York Region and Durham Region) and that includes economic, retail shopping and professional services, along with quick access to the recreational and cottage areas north of Toronto.
New Homes Raising Average Prices
In October of 2011, 171 homes were sold in Vaughan at an average price of $757,746. And last month, September 2016, 412 homes were sold at an average price of 1,028,720. That’s a 74% rise over 4 years for resale homes. There were 638 active listings in October 2012 compared to 428 now at a time when buyers are eager to buy. The Community of Patterson and Vellore Village accounts for the bulk of resales in the 1st quarter of 2016.
Upper West Side Community in Vaughan
5 home builders (Aspen Ridge Homes, The Conservatory Group, CountryWide Homes, Regal Crest Homes and Townwood Homes) are partners in a new awesome housing development on the east corner of Vaughan called Upper West Side in Thornill. This development is located on 71 hectares of undulating hillside and natural ponds (180 acres containing 800 homes with 40 to 50 lots and 3,000 to 8,000 square feet interiors). The homes feature traditional architectural styles including Tudor, Beaux Arts and Georgian as well as contemporary designs.
It’s one of the last residential development areas in the GTA with lush pristine green space. Well, some of it is lush, the rest has been clearcut and wiped clean for the development of these monster homes.
This is something very new for York Region and a unique opportunity for buyers. As Countrywide says “Upper West Side in Thornhill Estates is the last remaining residential area that is lush with pristine green space.”
Homes being built are enormous and there are hundreds of them. The Upper West Side development from Country Wide Homes, contributes a little to the price of homes sold on the MLS. This mega housing project is still growing, is just off of Bathurst St, above Major Mackenzie. The homes here mark a departure from the usual traditional Canadian design as you can see in the gallery below.
UWS has one large central park and the elevation and expansive views include downtown Toronto and the CN Tower in the distance.
Check out more of the features of UWS homes for sale. You may not be getting the ultra finished amenities you expect however here’s a list of the best interior and exterior features that UWS homes provide:
- 10 foot ceilings on main floor, and 9 foot ceilings in basement and second floor (excluding areas due to mechanical or structural requirements)
- English, Italian, French and Modern inspired architecture utilizing brick, stone, stucco and architectural board, as per elevation.
- Imported 13″ x 13″ tile flooring in foyer, main hall, kitchen, breakfast area, powder room, laundry room and all bathrooms, lower finished foyer
- 2 x 6 exterior wall construction with R22 insulation value and R50 attic insulation.
- French doors at rear and/or leading to porches/patios, as per plan.
- Copper accent roof(s), as per elevation, all other roof areas to receive 40 year self-sealing shingles
- Capped gas line at rear of home for future BBQ hook up
- Complete central vacuum system located in garage.
If you’d like to see the floorplans of these homes, see Regal Crest Homes gallery of 80 unique floor plan models.
The Toronto real estate market is very bright. Demand for homes is strong. If you’re hoping to sell your home, consider having me help you sell it. Digital marketing is powerful, so powerful that realtors use services such as mine to do what you will hire them to do: find the right buyer and get the best price. One way you can avoid paying any commission at all is by working with me, or somehow selling your home for 5% above asking price. If you combine the savings of working with me as your real estate marketer and get the 5% to 10% over asking price you’re hoping for, that’s a lot of money.
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