Given the current landscape of the Toronto real estate market,
it is not surprising that people are beginning to look further out
of the city for a property.
The market in 2016 and now 2017 has caused first-time homebuyers
and downsizers to be stuck with two options:
Purchase a small condo to stay in
Look to the outskirts of the Greater
Toronto Area (GTA) for an affordable home
Even so, if you choose one of those options over the other, it
will still cost you. In March alone, detached homes in the 416 sat
at an average price of $1.56 million with condos at $550,000 and
the 905 at $1.1 million average for a detached home, and condos at
If option two is where you see yourself leaning, you may be in
luck. There are many condo developments popping up all over the
GTA, but in a
recent article by the Toronto Star, Vaughan may be the next
best place to settle outside of the concrete jungle.
An urban vibe has been set to land in Vaughan with what they are
calling, Transit City. It is a 55-storey residential tower, the
first residential tower to be developed in SmartREIT's 100-acre
Vaughan Metropolitan Centre. There will be a mixture of commercial
and residential projects, and will be located adjacent to the Viva
bus terminal which will connect to the TTC's new subway
To further develop the Vaughan Metropolitan Centre, and provide
it with some downtown credibility, Bar Buca, part of the Buca brand
and King Street Food Company, will be opening their first 905
location on the main floor of the building. Mitchell Goldhar of
SmartREIT has said, "the Buca name is a "huge
signal" that Vaughan Metropolitan Centre has downtown
The goal of this development is to create an incredible city
centre, as it is very much a blank slate. Construction is set to
begin later in the year, or early 2018 with occupancy around
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Title requisitions, and responses to title requisitions, are often evidenced by two simple letters back and forth between solicitors; and yet, in the content of those two letters is the meat of the real estate transaction.
Now that the turmoil attendant upon the transference of power from one great party in the State to another has subsided, people may be permitted to devote their minds to a consideration of those sectional questions which are not less important for the welfare of the persons concerned, than are the great national issues upon which they have just pronounced judgment.
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